2022 Savings and investment plan - page 5.

Emitdama

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Quote from: savetheFORUM on January 15, 2022, 04:11:41 AM

Some people usually like to hop on shitcoins and meme coins because they feel that these coins are likely to have up to a thousand percent return on their investment.

But, that’s not usually the case, because it is almost impossible for you to find a coin that is going to see such increase or even be successful at all. And most people who invest in shitcoins hardly gain anything from the investment.

Yeah, I have tried it in the past, when I felt that it was a way to go, because a lot of people kept saying that shitcoins has chances of increasing in value so I tried my luck, and despite I was very selective with the coins I selected, it still didn’t really workout. I had to even sell some of them at loss, until now they have not even increased at all. So, sometimes it’s best to leave all these shitcoins and focus on the good ones that are top of the list.

Similificator

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Good decision. If only the masses value knowledge more than profits lee people would lose money. But then again, few people would also gain money lol. But seriously though, you should strictly follow that plan. If you do, you will find the flaws in that olan by yourself and will learn which parts to change in order to make your plan more productive. The point is, you did a good job not being impatient anymore(if you were in the past) and are treading the waters carefully by reducing risks and prioritizing knowledge and experience more.

I believe you will succeed. Goodluck.

xSkylarx

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Quote from: savetheFORUM on January 15, 2022, 04:11:41 AM

Quote from: ?? on ??

I guess your investment plan will certainly work for 2022. But make sure if you chose to invest in shitcoins or meme coins, make a deep research first so you will have good basis why you think those projects will make it to the top in the future. Sometimes, shitcoins could be more profitable than those established coins, but nevertheless, there are still higher chances for good and established altcoins to be more profitable compared to shitcoins. So always think before you decide.

Some people usually like to hop on shitcoins and meme coins because they feel that these coins are likely to have up to a thousand percent return on their investment.

But, that’s not usually the case, because it is almost impossible for you to find a coin that is going to see such increase or even be successful at all. And most people who invest in shitcoins hardly gain anything from the investment.

I agree with this since most people new to crypto will jump when there is a hype coin, which I do not understand or they are just so dumb that they don't do their own research about that coin. If you are a newbie, I do say that you will make a couple of mistakes before you can fully understand the best coin to invest in, which is really a hard lesson, but as long as you learn from your mistakes, then it is better than making a couple of mistakes again.

lienfaye

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Quote from: TheNineClub on January 15, 2022, 04:55:26 AM

You know what I have learned from the last year up to now? Don't panic. That's the main lesson that gets me through trigger-happy selling. And I'm not saying that you need to be one of those crypto preachers that yell from the top of their lungs not to sell, hodl forever, and such bullshit. It's not that, it's just the fact that if you miss out on one opportunity, that doesn't mean another won't present itself sometime in the future. Patience is key here, so don't dwell on missed opportunities, look forward to new ones.

Indeed. There's a perfect timing to profit so we need to be more patient and dont let the past failed experience affect us on our future decision.

Last year's experience for me is quite good, I made a huge profit for taking advantage the season to take profit. For this year I plan to be more careful and do my best to set aside my emotions when making decision because its not easy to control.

I will follow the same plan and strategy that I did last year but it will depend on the movement of the coins because it can be different this time.

globalpain

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The OGz Club

Quote from: BuNga_cute on January 16, 2022, 06:57:40 PM

Quote from: Botnake on January 14, 2022, 12:37:19 AM

Quote from: BuNga_cute on January 13, 2022, 04:38:48 PM

Quote from: savetheFORUM on January 12, 2022, 04:48:05 PM

Quote from: Tellek Garing on January 04, 2022, 03:55:23 AM

~

2021 wasn’t a bad year for me.it was really good and I was able to achieve a lot in it. I think that the mistake that most people do make is that they are always trying to gain everything; they don’t even think of the right time that they are meant to take a particular action, all their mind is just focused on trying to gain as much as possible.

It is always good, and the best for us, to be taking our steps slowly and not try to rush everything that we are doing.We can always start taking small profit whenever you feel it is right. And you should also have a target that you are trying to reach, if not, you would be like a soldier on a mission with no plan at all.

I am very satisfied with Bitcoin's performance in 2021, even I managed to make a big profit in 2021. I managed to get all that because I had a good
plan from the start, so I could get positive results. Therefore, entering 2022 we must also start planning the investments that we will make. We have
to determine what strategy we will use to be able to generate much better profits in 2022. Moreover, the crypto market is very volatile, if we don't
plan well, there is a possibility that we take the wrong decision. Don't let us fail to get positive results this year because we didn't prepare a good plan.
I believe most people who manage to make big profits, they don't get it by chance, but I believe they have done careful planning beforehand.

Just do the same strategy prior to the 2021 bull run and you'll eventually make a profit in the next bull run. I'm not saying the bull run will come soon or this year, but it will definitely come, what we are going to witness this year might be a huge correction, so we also have to be ready with that, see it as an opportunity to accumulate rather than a situation where we should panic and dump everything we have.

It's a pretty good idea to use the same strategy this year as we will use in 2021. If we really think that the 2021 strategy is still relevant and able
to give us profit this year, we can try to use the same strategy, rather than trying a new strategy that is not necessarily as good as the previous
strategy. Even so, we still have to prepare for the worst-case scenario, if it turns out that this year the price of Bitcoin moves much differently
from what happened in 2021. The conclusion is that we should never be satisfied with having only one strategy, we must have a backup strategy
if the market moves not according to our predictions.

That's the most important thing as long as it's still relevant to me it's okay to use the same strategy,
besides that we also need to prepare a new strategy first because market conditions can change,
but again it all depends on each person

BuNga_cute

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Quote from: Botnake on January 14, 2022, 12:37:19 AM

Quote from: BuNga_cute on January 13, 2022, 04:38:48 PM

Quote from: savetheFORUM on January 12, 2022, 04:48:05 PM

Quote from: Tellek Garing on January 04, 2022, 03:55:23 AM

~

2021 wasn’t a bad year for me.it was really good and I was able to achieve a lot in it. I think that the mistake that most people do make is that they are always trying to gain everything; they don’t even think of the right time that they are meant to take a particular action, all their mind is just focused on trying to gain as much as possible.

It is always good, and the best for us, to be taking our steps slowly and not try to rush everything that we are doing.We can always start taking small profit whenever you feel it is right. And you should also have a target that you are trying to reach, if not, you would be like a soldier on a mission with no plan at all.

I am very satisfied with Bitcoin's performance in 2021, even I managed to make a big profit in 2021. I managed to get all that because I had a good
plan from the start, so I could get positive results. Therefore, entering 2022 we must also start planning the investments that we will make. We have
to determine what strategy we will use to be able to generate much better profits in 2022. Moreover, the crypto market is very volatile, if we don't
plan well, there is a possibility that we take the wrong decision. Don't let us fail to get positive results this year because we didn't prepare a good plan.
I believe most people who manage to make big profits, they don't get it by chance, but I believe they have done careful planning beforehand.

Just do the same strategy prior to the 2021 bull run and you'll eventually make a profit in the next bull run. I'm not saying the bull run will come soon or this year, but it will definitely come, what we are going to witness this year might be a huge correction, so we also have to be ready with that, see it as an opportunity to accumulate rather than a situation where we should panic and dump everything we have.

It's a pretty good idea to use the same strategy this year as we will use in 2021. If we really think that the 2021 strategy is still relevant and able
to give us profit this year, we can try to use the same strategy, rather than trying a new strategy that is not necessarily as good as the previous
strategy. Even so, we still have to prepare for the worst-case scenario, if it turns out that this year the price of Bitcoin moves much differently
from what happened in 2021. The conclusion is that we should never be satisfied with having only one strategy, we must have a backup strategy
if the market moves not according to our predictions.

Oceat

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Quote from: FanEagle on January 16, 2022, 11:27:09 AM

Quote from: Tellek Garing on January 04, 2022, 03:55:23 AM

The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.

As for this year I have plans to engage in a lot of other activities, and not just in investment. I would like to make sure that I’m going to have multiple streams of income, and I’m already working towards that and the way I see it, it is becoming quite successful, because I’ve been able to set up quite a few means of income and they are working. Then as for cryptocurrency investment, I’m always looking for ways to better my skills and also be good at what I’m doing. From this year to the next years to come, I have plans to invest and hold for a long term, probably when we see the next halving and another all time high price take place. That’s the level of patience I’m ready to have now.

That's a long way to wait if you just want to wait for a bull run like this then I guess you miss the chance to accumulate more last year that's why you have to do it in the next bull run/Bitcoin halving. But for now, you should focus on your business in fiat so that next time to see how cheap Bitcoin next time you'll be able to buy more and hodl until the next bull run. If only I've got more money to invest in Bitcoin I would do it actually but sad to say I can't.

People who have the chance shouldn't let it pass because one day you'll regret what you could have done in the first place.

Pamadar

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Quote from: stadus on January 15, 2022, 06:21:22 PM

Quote from: TheNineClub on January 15, 2022, 04:55:26 AM

You know what I have learned from the last year up to now? Don't panic. That's the main lesson that gets me through trigger-happy selling. And I'm not saying that you need to be one of those crypto preachers that yell from the top of their lungs not to sell, hodl forever, and such bullshit. It's not that, it's just the fact that if you miss out on one opportunity, that doesn't mean another won't present itself sometime in the future. Patience is key here, so don't dwell on missed opportunities, look forward to new ones.

Exactly. Since we all know that this crypto market is very volatile and that's why we see prices keep on fluctuating, so there is no room to be panic since all of these are just for temporary. Prices may definitely be dumping this time, but in the next days or months, we will see them pumping again. So patience is what we should always keep. If we aim for more profits this year, then we should be more knowledgeable, be more focus and stay positive, and of course stay calm and relax when see you prices are falling. In that way, you will really progress on your investments, even it means missing some of the opportunities.

Very important to have that long patience, though, if you really understand the market.

Patience will be developed and you will be able to work with how the situation will bring you, setting your plans and
staying with how you project the market is really important. There are many people who failed from this business
due to failure of anticipating and change plan in a bad timing.

FanEagle

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Quote from: Tellek Garing on January 04, 2022, 03:55:23 AM

The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.

As for this year I have plans to engage in a lot of other activities, and not just in investment. I would like to make sure that I’m going to have multiple streams of income, and I’m already working towards that and the way I see it, it is becoming quite successful, because I’ve been able to set up quite a few means of income and they are working. Then as for cryptocurrency investment, I’m always looking for ways to better my skills and also be good at what I’m doing. From this year to the next years to come, I have plans to invest and hold for a long term, probably when we see the next halving and another all time high price take place. That’s the level of patience I’m ready to have now.

hodllord

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Quote from: Tellek Garing on January 04, 2022, 03:55:23 AM

The number one thing is to know how much capital I have and how long can I invest in it

For me I always set my Capital at 60-70% of my whole cash flow every month to maximize the growth, but by doing this will also maximize
the risk. That's why I diversified it and each diversified capital has a risk level and time to keeping it invested.

Like for example I have 60% BTC in my total portfolio, that is a long term investment with less risk and less reward, since it is a higher market cap crypto.
30% on medium term investment like the ones in the top 20 crypto currencies
and remaining percentage on low caps but not the one that will go beyond top 150.

stadus

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Hhampuz for Campaign management

Quote from: TheNineClub on January 15, 2022, 04:55:26 AM

You know what I have learned from the last year up to now? Don't panic. That's the main lesson that gets me through trigger-happy selling. And I'm not saying that you need to be one of those crypto preachers that yell from the top of their lungs not to sell, hodl forever, and such bullshit. It's not that, it's just the fact that if you miss out on one opportunity, that doesn't mean another won't present itself sometime in the future. Patience is key here, so don't dwell on missed opportunities, look forward to new ones.

Exactly. Since we all know that this crypto market is very volatile and that's why we see prices keep on fluctuating, so there is no room to be panic since all of these are just for temporary. Prices may definitely be dumping this time, but in the next days or months, we will see them pumping again. So patience is what we should always keep. If we aim for more profits this year, then we should be more knowledgeable, be more focus and stay positive, and of course stay calm and relax when see you prices are falling. In that way, you will really progress on your investments, even it means missing some of the opportunities.

dezoel

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Quote from: savetheFORUM on January 15, 2022, 04:11:41 AM

Some people usually like to hop on shitcoins and meme coins because they feel that these coins are likely to have up to a thousand percent return on their investment.

But, that’s not usually the case, because it is almost impossible for you to find a coin that is going to see such increase or even be successful at all. And most people who invest in shitcoins hardly gain anything from the investment.

I am dumbfounded whenever people think that they could make like 100x return very easily by just getting lucky. I understand that there have been some people like that, but we have also seen people who hit the lottery and made a fortune as well, or people who sell fridges or beds and make a fortune with that as well, doesn't mean I am going to start buying lottery tickets or sell fridges, right?

The real profit makers of bitcoin or crypto in general are the people who buy and hold, look at the past and you will see how many people got into crypto at a very early stage and made so much money. I get that it is not something shocking, people want that "oh, tricky way that nobody thought of before!" but that is not it really the correct way of doing it. So, it is all cool if you just buy something "boring" and hold it for years and years, it is a good way.

TheNineClub

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You know what I have learned from the last year up to now? Don't panic. That's the main lesson that gets me through trigger-happy selling. And I'm not saying that you need to be one of those crypto preachers that yell from the top of their lungs not to sell, hodl forever, and such bullshit. It's not that, it's just the fact that if you miss out on one opportunity, that doesn't mean another won't present itself sometime in the future. Patience is key here, so don't dwell on missed opportunities, look forward to new ones.

savetheFORUM

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Quote from: ?? on ??

I guess your investment plan will certainly work for 2022. But make sure if you chose to invest in shitcoins or meme coins, make a deep research first so you will have good basis why you think those projects will make it to the top in the future. Sometimes, shitcoins could be more profitable than those established coins, but nevertheless, there are still higher chances for good and established altcoins to be more profitable compared to shitcoins. So always think before you decide.

Some people usually like to hop on shitcoins and meme coins because they feel that these coins are likely to have up to a thousand percent return on their investment.

But, that’s not usually the case, because it is almost impossible for you to find a coin that is going to see such increase or even be successful at all. And most people who invest in shitcoins hardly gain anything from the investment.

Quidat

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DGbet.fun - Crypto Sportsbook

Quote from: Sanitough on January 14, 2022, 04:20:01 PM

Quote from: Silberman on January 14, 2022, 02:32:48 PM

Quote from: virasog on January 14, 2022, 01:26:57 AM

Quote from: Charles-Tim on January 04, 2022, 04:05:34 AM

I will be specific and all I will make comment about is bitcoin.

Many altcoins are shitcoins, if this year is not favourable their price can be worthless and never reach all-time-high again which should be what we should mostly avoid. Do more research.

This is not about trading or short term investment and may exceed a year.

Invest in bitcoin, if the price decrease, invest more. A time is coming when bitcoin will again reach all-time-high. All your investment will never at the time be in vain as you will make profit.

Bitcoin investment is the safest one and will reward you in the long run. However, there are some other coins like eth , cardano and dot which may give better returns as compare to bitcoin. Sometimes shitcoins also give 100x returns. So my piece of advice would be to calculate your total money first which you allocate for the crypto investments. Then with 50% of that money buy bitcoins and with 25% of that money, you can by other good coins from the top 10 list. The remaining 25% of the money can be allocated to shitcoins. This way you will get the maximum returns while minimizing the risks.

Not a bad strategy but I think the allocation to shitcoins is simply too high, in my opinion if someone is going to deal with those coins then at best they should invest only 10% of their portfolio in those coins, I say that because even if we know some of those coins go up in value very rapidly the chances that you invest in one of those coins is very low and as such you may lose all of the capital you invested in them, and if you only invest 10% of your capital that can be quickly offset by bitcoin on its own with a small upward movement.

I got your point. Shitcoins are more of trash coins so they should be given only a very low allocation since there are more chances to lose than to make profits. So i guess 10% to 15% is already good enough. But i agree on bitcoin having the highest allocation since it always creates the biggest profits due to its very expensive price in the first place. But anyways, its your money so you have all the control how to make your investments right. We are just giving some advices that you would like to consider too.

Most of us would be looking for 10-100x returns thats why they do really intent out to deal with low caps or shit coins in short because they've been hoping for that probability.
Sounds dumb but even myself do really consider out on accumulation but of course you would need to find the best one and wont tend to make out some actions
without any basis or even thinking up because it would really be that risky on doing so.

Sanitough

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Quote from: Silberman on January 14, 2022, 02:32:48 PM

Quote from: virasog on January 14, 2022, 01:26:57 AM

Quote from: Charles-Tim on January 04, 2022, 04:05:34 AM

I will be specific and all I will make comment about is bitcoin.

Many altcoins are shitcoins, if this year is not favourable their price can be worthless and never reach all-time-high again which should be what we should mostly avoid. Do more research.

This is not about trading or short term investment and may exceed a year.

Invest in bitcoin, if the price decrease, invest more. A time is coming when bitcoin will again reach all-time-high. All your investment will never at the time be in vain as you will make profit.

Bitcoin investment is the safest one and will reward you in the long run. However, there are some other coins like eth , cardano and dot which may give better returns as compare to bitcoin. Sometimes shitcoins also give 100x returns. So my piece of advice would be to calculate your total money first which you allocate for the crypto investments. Then with 50% of that money buy bitcoins and with 25% of that money, you can by other good coins from the top 10 list. The remaining 25% of the money can be allocated to shitcoins. This way you will get the maximum returns while minimizing the risks.

Not a bad strategy but I think the allocation to shitcoins is simply too high, in my opinion if someone is going to deal with those coins then at best they should invest only 10% of their portfolio in those coins, I say that because even if we know some of those coins go up in value very rapidly the chances that you invest in one of those coins is very low and as such you may lose all of the capital you invested in them, and if you only invest 10% of your capital that can be quickly offset by bitcoin on its own with a small upward movement.

I got your point. Shitcoins are more of trash coins so they should be given only a very low allocation since there are more chances to lose than to make profits. So i guess 10% to 15% is already good enough. But i agree on bitcoin having the highest allocation since it always creates the biggest profits due to its very expensive price in the first place. But anyways, its your money so you have all the control how to make your investments right. We are just giving some advices that you would like to consider too.

BITCOIN4X

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Quote from: famososMuertos on January 14, 2022, 10:55:01 AM

Well one should ... and this is not investment advice, but reading your post I think you leave the balance sheets of 2021 in oblivion or not you mention them, that number is the most important, you can generally end 2022 with gross profits If you forget 2021, when you have an income there is a tendency to confuse you with the capital.

There is a tendency to forget the losses and start the plans based on new contribution of money, finances are one thing and playing to investiments for recreation are others, being a recreational investor is not bad, In fact, being a recreational investor or serious investor should not have a difference in the goals at the end of the way to earn money, but certainly the capital loss if it may be different.

Financial management is needed regardless of our current financial condition. I have a plan that has been drawn up for 2022 where I will put some money on some things that I think are profitable (investments).

So far the market has been very supportive of investments where a bigger drop is not expected in the near future. The current crypto market cap is still at $2,058,768,323,003 (based on cmc) which is dominated by bitcoin at 39.7%. I still believe the market capitalization will still increase, but the consideration remains a reference for risk management.

Silberman

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Quote from: virasog on January 14, 2022, 01:26:57 AM

Quote from: Charles-Tim on January 04, 2022, 04:05:34 AM

I will be specific and all I will make comment about is bitcoin.

Many altcoins are shitcoins, if this year is not favourable their price can be worthless and never reach all-time-high again which should be what we should mostly avoid. Do more research.

This is not about trading or short term investment and may exceed a year.

Invest in bitcoin, if the price decrease, invest more. A time is coming when bitcoin will again reach all-time-high. All your investment will never at the time be in vain as you will make profit.

Bitcoin investment is the safest one and will reward you in the long run. However, there are some other coins like eth , cardano and dot which may give better returns as compare to bitcoin. Sometimes shitcoins also give 100x returns. So my piece of advice would be to calculate your total money first which you allocate for the crypto investments. Then with 50% of that money buy bitcoins and with 25% of that money, you can by other good coins from the top 10 list. The remaining 25% of the money can be allocated to shitcoins. This way you will get the maximum returns while minimizing the risks.

Not a bad strategy but I think the allocation to shitcoins is simply too high, in my opinion if someone is going to deal with those coins then at best they should invest only 10% of their portfolio in those coins, I say that because even if we know some of those coins go up in value very rapidly the chances that you invest in one of those coins is very low and as such you may lose all of the capital you invested in them, and if you only invest 10% of your capital that can be quickly offset by bitcoin on its own with a small upward movement.

SquallLeonhart

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Quote from: Finestream on January 14, 2022, 02:54:28 AM

To avoid big losses, investing in bitcoin should have the highest allocation and the rest for good altcoins and shitcoins, or let's say for those meme coins. In this way, you have diversify your investments well and you know even through long term hodling, except for meme coins, good profits are waiting for you. But before you can do this, you have to prepare sufficient funds for investment purposes only, but also only invest on the amount you can afford to lose.

That is exactly what I have been doing. A little less than half of my money is in bitcoin, closer to 20% or so is in ETH, another 30% or so is in decent coins like sol, ada, ltc, bnb, avax and so forth and that is how I made my money. Rest of it which is a small amount under 10% goes to testing new stuff, sometimes it works, sometimes they are shitcoins, I do not really hit it all the time.

I personally believe that you should put a small tiny amount into very low cap and nearly shady looking stuff time to time, definitely not a big amount, such a small amount that you should not even care about it. Why? Because sometimes they turn out to be great, look at all the big earners of each day on coinmarketcap and you will see that some shitcoins goes up in thousands because of lack of volume and hype, those are the ones I am trying to hit, even like 10 bucks could become 1k+ dollars very easily there. Not finding them so far, but I could say I broke even on those investments.

famososMuertos

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LE ☮︎ Halving es la purga

Well one should ... and this is not investment advice, but reading your post I think you leave the balance sheets of 2021 in oblivion or not you mention them, that number is the most important, you can generally end 2022 with gross profits If you forget 2021, when you have an income there is a tendency to confuse you with the capital.

There is a tendency to forget the losses and start the plans based on new contribution of money, finances are one thing and playing to investiments for recreation are others, being a recreational investor is not bad, In fact, being a recreational investor or serious investor should not have a difference in the goals at the end of the way to earn money, but certainly the capital loss if it may be different.

Topic: 2022 Savings and investment plan - page 5. (Read 1361 times)