2022 Savings and investment plan - page 8.

andriarto

sr. member

Activity: 1344

Merit: 253

Quote from: Hamphser on January 08, 2022, 02:59:09 PM

Quote from: ?? on ??

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

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.

It's good if you have a good financial plan for this year. for me the only way to reduce risk in crypto. avoid coin memes and random projects. it has happened to me many times, always ruin my portfolio investment dont expect too much just keep holding and maintain asset not too often.

Not only applicable on crypto investments but also in other forms of investment as well since we know that risks would be always there which means that you would need to do all sorts of things specially on having a good

risk management into those ports you do have. Savings should really be standard and not all would be pour out unto investment because you dont know on what comes next on which you would
really be needing off these funds.

Invest on what you can afford to lose and at least allocating some savings for other purposes which its the most important and ideal thing to be done.

it is better to separate savings for investment and savings to meet daily needs, so that a sense of comfort will always exist in the face of an uncertain market. in the current situation, we can invest gradually considering the market is in a bearish season. even then we have to use a strategy so that we get a good price to buy, so that this can maximize profits when the target can be achieved

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: qwertyup23 on January 08, 2022, 11:52:29 AM

Quote from: pawanjain on January 08, 2022, 06:51:18 AM

Quote from: ?? on ??

I learned a lot from 2021, I was too ambitious for big profits so I invested in new coins so I lost a lot, and in 2022 I will save cryptocurrencies and I use them for staking so I can get 2 benefits, namely rewards and opportunities for big profits because prices go up.

That's a mistake that many of us have done. We aim for high profits and invest in coins which we don't know much about and hence lose money.
But even if you invest in well established coins, it doesn't mean you will make good profits because that depends on how you trade them.
You can buy PoS coins and stake them for a long term which will give you good profits but make sure you are buying potential coins.

I also do think that this is considered as a rookie mistake. Anyone who is relatively new to this kind of setting may create high-hopes of earning large amounts of profits in a given year. But in reality, it really does take some time like your conventional investment methods available (e.g. stocks, golds, bank notes, etc.).

In line with what I just mentioned, creating and making a savings and investment plan may be really effective especially if you can faithfully follow the schedules that you created. In this way, the streamline of activities and investments can be properly maintained and tracked at the same time- which can also avoid any greed or prevent any loss on your part.

That is very true. If a person has good control over himself and follows his schedules properly then he is bound to be successful.
I won't boast but I am good at saving as well and from whatever I earn I can save more than half of it and but the only problem is making good investments.
So far I have only been "investing" in good assets but I have also lost some of it in "trading" which is mostly why I avoid trading these days.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: ?? on ??

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

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.

It's good if you have a good financial plan for this year. for me the only way to reduce risk in crypto. avoid coin memes and random projects. it has happened to me many times, always ruin my portfolio investment dont expect too much just keep holding and maintain asset not too often.

Not only applicable on crypto investments but also in other forms of investment as well since we know that risks would be always there which means that you would need to do all sorts of things specially on having a good

risk management into those ports you do have. Savings should really be standard and not all would be pour out unto investment because you dont know on what comes next on which you would
really be needing off these funds.

Invest on what you can afford to lose and at least allocating some savings for other purposes which its the most important and ideal thing to be done.

herurist

sr. member

Activity: 1680

Merit: 259

Quote from: Fatunad on January 07, 2022, 02:56:49 PM

Quote from: herurist on January 07, 2022, 12:19:34 PM

a wise choice friend Cheesy

You have made the right choice, even though alt is not a mistake but indeed when compared to the actual risk I feel alt is more risky, especially for the meme coin there and some useless projects.
bitcoin is a great place to invest but certainly not for those who just need time to invest here.
but as long as you are sure the benefits will definitely be obtained

If you do like some sort of assurance then bitcoin would be the best choice but if you do like to play with fire then considering altcoins neither an alt or low caps then its your choice
but we know that the risks is way higher thats why we should really be mindful on making or taking such step because it would really cost us money if we do make a bad decision
but since this market is unpredictable then theres no way that you could really able to precise tell on what would happen ahead.

all have their own choices and there are calculations and research of each.
actually for bitcoin is also not a guarantee if indeed we do not fully trust them.
there are so many people who fail when it comes to bitcoin because they panic too much when there is a correction.
On the other hand, altcoins are also the same and the impact is even greater.
because indeed altcoins are something that is under and even tends to follow the movement of btc.

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: pawanjain on January 08, 2022, 06:51:18 AM

Quote from: ?? on ??

I learned a lot from 2021, I was too ambitious for big profits so I invested in new coins so I lost a lot, and in 2022 I will save cryptocurrencies and I use them for staking so I can get 2 benefits, namely rewards and opportunities for big profits because prices go up.

That's a mistake that many of us have done. We aim for high profits and invest in coins which we don't know much about and hence lose money.
But even if you invest in well established coins, it doesn't mean you will make good profits because that depends on how you trade them.
You can buy PoS coins and stake them for a long term which will give you good profits but make sure you are buying potential coins.

I also do think that this is considered as a rookie mistake. Anyone who is relatively new to this kind of setting may create high-hopes of earning large amounts of profits in a given year. But in reality, it really does take some time like your conventional investment methods available (e.g. stocks, golds, bank notes, etc.).

In line with what I just mentioned, creating and making a savings and investment plan may be really effective especially if you can faithfully follow the schedules that you created. In this way, the streamline of activities and investments can be properly maintained and tracked at the same time- which can also avoid any greed or prevent any loss on your part.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Cling18 on January 08, 2022, 11:19:42 AM

I learned a lot from 2021 and I have regrets that I want to turn into victory this year so I'm planning to be more well prepared to take the risk and never be afraid to try something new especially in investing with good and potential projects. I'll add more allocation to my investment funds so I'll gain more profit from it. I'll be wiser in handling my finances more and would grab all the opportunities that crypto could offer.

While it is obvious that if you plan to invest money in this market you need to take some risks but at the same time you need to be careful, the risks that you take need to be calculated and an appropriate reward must be there to justify the risks that you have taken, if this is not the case then it would not be rare that once again you face regrets during this year as well, and I suppose that is something you do not want to experience ever again.

Cling18

full member

Activity: 1708

Merit: 126

I learned a lot from 2021 and I have regrets that I want to turn into victory this year so I'm planning to be more well prepared to take the risk and never be afraid to try something new especially in investing with good and potential projects. I'll add more allocation to my investment funds so I'll gain more profit from it. I'll be wiser in handling my finances more and would grab all the opportunities that crypto could offer.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: ?? on ??

I learned a lot from 2021, I was too ambitious for big profits so I invested in new coins so I lost a lot, and in 2022 I will save cryptocurrencies and I use them for staking so I can get 2 benefits, namely rewards and opportunities for big profits because prices go up.

That's a mistake that many of us have done. We aim for high profits and invest in coins which we don't know much about and hence lose money.
But even if you invest in well established coins, it doesn't mean you will make good profits because that depends on how you trade them.
You can buy PoS coins and stake them for a long term which will give you good profits but make sure you are buying potential coins.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

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.

You are talking about crypto currency investments right? Then I don't think you can accurate calculate what your percentage profit turnover would be for the next year. That would be almost impossible since the crypto market is very volatile and the price rise/drop is never the same as the previous years or doesn't follow any specific patterns. And you are right. You should try to diversify your portfolio, but to keep the risk minimum try to invest most of your coins on currencies like bitcoin and ethereum. Currencies that are well known, at the top and are under constant development to improve their network.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

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

I will take less risk this year but make my finances more stable with some skills development.

That is a pretty conservative idea that to work efficiently demands a bigger initial investment amount, since the returns percentage is lower due to the risks also being low. On the other hand, stability is very important in someone's life, so if you are really able to achieve a decent profit with the strategy mentioned in your post, go for it!

To develop skills is also a good idea meanwhile. This way you open new paths to another professions and jobs opportunities.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: herurist on January 07, 2022, 12:19:34 PM

Quote from: lovesmayfamilis on January 07, 2022, 02:54:00 AM

From my little investment experience, I realized that at the moment I am ready to believe in only one asset, and of course it will be bitcoin. Several years ago, I had a lot of trial and error with altcoins. I found myself in a rather bad situation, having lost a large amount. Therefore, for today I concluded for myself that, to the best of my ability, but preferably regularly, I will invest in bitcoin. As, however, and the majority of those present here, nothing original.

a wise choice friend Cheesy

You have made the right choice, even though alt is not a mistake but indeed when compared to the actual risk I feel alt is more risky, especially for the meme coin there and some useless projects.
bitcoin is a great place to invest but certainly not for those who just need time to invest here.
but as long as you are sure the benefits will definitely be obtained

If you do like some sort of assurance then bitcoin would be the best choice but if you do like to play with fire then considering altcoins neither an alt or low caps then its your choice
but we know that the risks is way higher thats why we should really be mindful on making or taking such step because it would really cost us money if we do make a bad decision
but since this market is unpredictable then theres no way that you could really able to precise tell on what would happen ahead.

herurist

sr. member

Activity: 1680

Merit: 259

Quote from: lovesmayfamilis on January 07, 2022, 02:54:00 AM

From my little investment experience, I realized that at the moment I am ready to believe in only one asset, and of course it will be bitcoin. Several years ago, I had a lot of trial and error with altcoins. I found myself in a rather bad situation, having lost a large amount. Therefore, for today I concluded for myself that, to the best of my ability, but preferably regularly, I will invest in bitcoin. As, however, and the majority of those present here, nothing original.

a wise choice friend Cheesy

You have made the right choice, even though alt is not a mistake but indeed when compared to the actual risk I feel alt is more risky, especially for the meme coin there and some useless projects.
bitcoin is a great place to invest but certainly not for those who just need time to invest here.
but as long as you are sure the benefits will definitely be obtained

ven7net

full member

Activity: 1946

Merit: 112

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.

You are right that you should always plan your future actions, including your future investments in cryptocurrency or other assets. As for the lessons that the past 2021 taught us, I can say that each year brings us lessons that we must learn and in the new year do so as not to make mistakes. In general, after each completed work, you need to summarize in order to be able to see both the achievements and the problems, and only after that move on to the job with experience and a new correct vision in your arsenal.

lixer

hero member

Activity: 2688

Merit: 588

Quote from: harizen on January 06, 2022, 06:05:03 PM

A good plan should always be associated not just by holding and waiting for the moon price but some actions that will turn the bearish market into an advantage. Bitcoin is no doubt a good investment for long and no question about that, but it doesn't mean we can't take advantage of other coins during the bear market. With the right timing, we can also profit from other coins due to the fact, their price is swinging at most cases playing within a specific general average price.

It might be hard or challenging but with focus and seriousness, better than waiting without doing anything.

You can take advantage of other coins but I would say if you are getting into something that you are not sure about and only after the short term quick profits then you are doing it wrong.

I have seen too many people investing into things that they didn't really believe in and they just invested because they believed they could get in very quickly, make money as quickly as possible and then get out as quickly as possible as well. If you focus on doing things like that then it means you are going to end up losing money for sure.

So, invest into bitcoin and altcoins if you want to but make sure that whatever you invest into ends up being something you trust would be higher in 10 years. None of us knows what is going to happen in 10 years but you need to believe it and that is the key, it doesn't have to be true, just needs to be something you hope for.

ChiBitCTy

legendary

Activity: 2282

Merit: 3014

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.

The goal of investing is to always be as diversified as possible at all time. Whether we are looking at bitcoin, or mutual funds, stocks, bonds etc, diversification is what is key. As a financial advisor this is something that I am constantly try to get through to my clients. Those people who go all in on one asset class tend to get burnt.

If anyone here want's a little help with their portfolio's I'd be happy to help out a little. I specialize in retirement plans but I am able to help across the board, just let me know!

so98nn

hero member

Activity: 2114

Merit: 603

Yup skills! There you are. There is no point in playing blind in the crypto market. As far as my financial condition is considered for the last year cycle it was not that good as did not look after the crypto trades at all. The market and its cycles were way out of my head and so far I did not risk anything. The knowledge is very important to trade in bitcoin in commercial sense. It’s worst gamble ever but with hugest returns you can imagine.

In the skills, I’m also trying to adopt new kinds of artwork apart from Pencil Carving. I’m gonna explore digital paintings, chalk arts etc.

Technically speaking I’m keeping vision to expand my mining rigs. Currently only two machines running but slowly I have learnt huge lessons so far and using which I am going to develop it further.

bonyaserg

jr. member

Activity: 1876

Merit: 5

For me, 2021 was a very important year, and in 2021 I invested in myself to learn more about new technologies and successful projects. I figured out for myself how to realize myself in 2022, achieve success and make big profits. So 2022 will be my most successful year, so in 2022 I decided to invest in the hottest coins like Bitcoin Ethereum.

lovesmayfamilis

legendary

Activity: 2072

Merit: 4265

✿♥‿♥✿

From my little investment experience, I realized that at the moment I am ready to believe in only one asset, and of course it will be bitcoin. Several years ago, I had a lot of trial and error with altcoins. I found myself in a rather bad situation, having lost a large amount. Therefore, for today I concluded for myself that, to the best of my ability, but preferably regularly, I will invest in bitcoin. As, however, and the majority of those present here, nothing original.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: Wawa2013 on January 06, 2022, 05:21:00 PM

This means that investing in Bitcoin is safe, there is no need to worry if the price drops.

That can't be applied to average people. A good plan should always be associated not just by holding and waiting for the moon price but some actions that will turn the bearish market into an advantage. Bitcoin is no doubt a good investment for long and no question about that, but it doesn't mean we can't take advantage of other coins during the bear market. With the right timing, we can also profit from other coins due to the fact, their price is swinging at most cases playing within a specific general average price.

It might be hard or challenging but with focus and seriousness, better than waiting without doing anything.

Wawa2013

sr. member

Activity: 1666

Merit: 268

Quote from: worle1bm on January 06, 2022, 12:50:52 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.

Right and we must invest our money into something that will give us returns in future not blindly invest in those shitcoins hyped at the moment which will loose their value with some time.This was what most of these altcoins witnessed as when the hype was over they started dumping in the market and investors loose their money so bitcoin is the best option for us.So for me also will try to get some of it and hold for long.

There is no doubt that Bitcoin is the best choice for investment, because Bitcoin will give us profit as long as we can be patient holding until the target
we set is achieved. However Bitcoin is different from other coins, Bitcoin is always able to recover every time it experiences a decline in price.
This means that investing in Bitcoin is safe, there is no need to worry if the price drops. In contrast to the majority of altcoins which will have
difficulty recovering if the price has fallen, the risk of investing in altcoins is indeed much risky. But that doesn't mean we can't invest in altcoins,
because if we do research and analysis properly, we will find some altcoins that are potential and good for investment. So we do need the best
possible planning in 2022, so that we can determine which coins are suitable for investment and can provide benefits in the future.

Topic: 2022 Savings and investment plan - page 8. (Read 1361 times)