I don't really have to quote you OP inorder to be able to profer a working idea to suit your current disposition, because you have already succeeded by earning surely with fiat and I believe you live well or comfortable enough to be able to try out a regular and consistent DCA strategy for a duration of at least 5 years inorder to break into the financially free and independent crypto currency investor rank.
It shouldn't be much for you to not comprehend because of your expertise and I know you just want more hands pointed to the path you intend to take so as to be assured of the success you seek.
Topic: Fiat & Crypto - Effective Expert Advise - page 4. (Read 663 times)
So In conclusion, I respectfully ask "what is your Effective Expert Advise for a Person (me) that has enough Salary but still want more Financial Stability using cryptocurrency".
First of all, you should start thinking about your investment goals and risk tolerance. Are you looking for a short term investment like buying and selling crypto to make a quick profit or are you looking for a long term investment like holding crypto for years? Knowing your goals will help you decide which coins to invest in and how to manage your portfolio. I would therefore recommend you starting by educating yourself about cryptocurrency and learning about the different options available. Then, you can decide which cryptocurrency you want to invest in. You should consider the dollar cost averaging strategy where you invest a fixed amount of money on a regular basis regardless of the price of the crypto.
Remember, Bitcoin is the most safest crypto to invest in but you may consider some altcoins too. It's all risky by the way....!
So In conclusion, I respectfully ask "what is your Effective Expert Advise for a Person (me) that has enough Salary but still want more Financial Stability using cryptocurrency".
Why not learn to trade, make bitcoin investment and hold, there's great advantage in doing this, but not until then, you need to begin from somewhere, atleast start with something, learn about bitcoin and develope a better strategy you needed to use in achieving your financial success with it, invest and hold, you can also use the DCA pattern for your accumulation, there are many other opportunities you can explore once you started with bitcoin.
I'm trying to learn all Trades just to discover what I am good at. Unfortunately, I can't say that I have Learned and Discover my expertise yet, what I do recognize is I am versatile in everything in any kinds of industry I have worked with.
This is quite interesting and in my opinion, your skills can continue to be honed if you have time to pursue it longer. Moreover, you already have a basic foundation that can support your knowledge.So In conclusion, I respectfully ask "what is your Effective Expert Advise for a Person (me) that has enough Salary but still want more Financial Stability using cryptocurrency".
Having financial stability is everyone's dream, but because the choice you want is Cryptocurrency which has price fluctuations, the risk is greater. This means that what needs to be targeted is an asset that really has long historical value, guaranteed that this asset is the only one at the top in the digital asset chain, namely Bitcoin. You have at least fulfilled one of the ideal conditions, namely stable income, so that with long-term financial goals, Bitcoin is a solution among cryptocurrency solutions. You definitely already know, and you just have to decide whether you dare to take the opportunity or not. The Bitcoin halving is getting closer, perhaps with enough financial support that the results can be seen faster than the retailers out there who are determined to be able to collect Bitcoin every month.
~snip
Look, first of all you need to have an emergency fund to cover 3 to 6 months of expenses, if you don't already have one. It's from personal finance 101.
Then, if you want to get financial stability through "cryptocurrencies" I advise you to forget that word. Use only Bitcoin. The best you can do is a strategy known as DCA which is to buy at regular intervals. How much can you buy? $50 a week or $50 a month? Buy every week or month depending on your situation the same amount. In 5 years there is a very high probability that you will have obtained a very good return on your investment.
You can get an idea by simulating at https://dcabtc.com/ (the only thing is that the simulation is based on the past, and the future does not necessarily have to be like the past, but it serves as a guide).
A little story from me, I always do any job in the real world (halal work) to make ends meet and if I have money left over I will put it in crypto, I also follow the avatar campaign on this forum too, the results of which I save as a crypto investment. This concludes how important an investment is for me, and I chose crypto as my investment area since 2014. My advice, if you are interested and know how good investing in Bitcoin is, do it with all your efforts, don't give up and stay enthusiastic.
*skills will follow if you have a fighting spirit*
*skills will follow if you have a fighting spirit*
I think the most important aspect would be to further develop your skills, and learn and explore into other fields, for instance:
- Learning about Bitcoin, or other cryptocurrencies, but mainly bitcoin
- Try to learn new skills which might get you new sources of income, there are plenty of skills you can learn online. Maybe some people is willing to pay for some work you do.
- Try to save more, and do not buy stuff you do not need, think about it twice before purchasing certain goods
I would personally focus on bitcoin first, it might change the way you see the world, and your money perceptions.
- Learning about Bitcoin, or other cryptocurrencies, but mainly bitcoin
- Try to learn new skills which might get you new sources of income, there are plenty of skills you can learn online. Maybe some people is willing to pay for some work you do.
- Try to save more, and do not buy stuff you do not need, think about it twice before purchasing certain goods
I would personally focus on bitcoin first, it might change the way you see the world, and your money perceptions.
Feel lucky that you already know bitcoin as well as the crypto market (gratitude for it), this is similar to other much better opportunities that are unknown to this market. I can understand your desire and goals for personal development. I can see you mentioned salary, but you have more opportunities. First, I want to mention another external case that I am dealing with, which is the story of a friend of mine who had a salary of over $1000 a month, and with that income, Life expenses won't be too difficult, but looking further into the future, that friend is still stuck, thinking about saving to buy a house, get married,... makes that friend always stressed. I introduced him to this market opportunity, of course not by telling him to buy Bitcoin, but to learn more skills to earn more income.
And the important thing I see is balancing the time spent on the old job with the time spent learning the new job. I know there are many MMO related jobs that can bring in income, but of course it isn't easy when starting out. So I just want to wish you to always try and look at things more positively, always learn, and always look for new opportunities so you can achieve the target you want.
And the important thing I see is balancing the time spent on the old job with the time spent learning the new job. I know there are many MMO related jobs that can bring in income, but of course it isn't easy when starting out. So I just want to wish you to always try and look at things more positively, always learn, and always look for new opportunities so you can achieve the target you want.
Just be consistent in accumulation bro. It may be small or big, as long as you've got a plan to stay on this market for so long. Every amount you invest counts. If trading don't work for you then remain to be an investor who does DCA(dollar cost average) strategy.
And if you don't know how that strategy works, check out this article: https://www.investopedia.com/terms/d/dollarcostaveraging.asp
The summary is there'
But the twist here is that even if you don't do equal amounts, change that to any spare amount that you've got and whenever you are comfortable to do it.
And if you don't know how that strategy works, check out this article: https://www.investopedia.com/terms/d/dollarcostaveraging.asp
The summary is there'
Dollar-cost averaging is the practice of systematically investing equal amounts of money at regular intervals, regardless of the price of a security.
But the twist here is that even if you don't do equal amounts, change that to any spare amount that you've got and whenever you are comfortable to do it.
.....
So In conclusion, I respectfully ask "what is your Effective Expert Advise for a Person (me) that has enough Salary but still want more Financial Stability using cryptocurrency".
.....
Focus more on Simple Trading by buying one (or few) crypto asset when it's undervalued and sell when it's overpriced. Some may advice you to only accumulate and not sell, but I let people decide whether to sell or not.
One of the most reliable ways to Know when a crypto is undervalued in order to buy or when it's overpriced to sell, is to feel the public sentiments...You may buy when the pessimism level of the public about price decrease is high & the pessimism is based on weak fundamentals or anything untrue , and you may sell when the public optimism about price increase is high & based on weak fundamentals like ETF or anything untrue (& contrary to True Bitcoin principles).
If you want it really easy, you may follow my past predictions to know the right time to buy or sell. My predictions are very unconventional and not like what you would expect from others
Do you have enough financial resources, but you are applying to participate in a subscription company, waking up from long inactivity (I don’t know which account) account? It sounds counterintuitive. If you believe the history of posts, then you have been on the forum for quite a while. Why do questions arise? Haven't you heard about how to profitably use your fiat by investing it in Bitcoin? Today, you promise the manager that you will not spend bitcoins if only you will be accepted there..
Why?
Thanks for your Time Leaving a reply to this post. Appreciated.
Let me respectfully answer all your questions.
Do you have enough financial resources - as what I have mentioned the only source of income that I have is from a Job (I am currently working).
but you are applying to participate in a subscription company. - I apologize, but I'm having some difficulty in comprehending the question @lovesmayfamilis
waking up from long inactivity (I don’t know which account) account? - Participated, Engaged or Being Active in This Forum using this Account
Haven't you heard about how to profitably use your fiat by investing it in Bitcoin? - I read and heard about investment using fiat to bitcoin, but as what I have mentioned on one of my reply that I am open in learning some new strategy.
you promise the manager that you will not spend bitcoins if only you will be accepted there - If I was accepted I will be paid in Bitcoin - technically saying (unfortunately, I was not accepted). and to make sure that I have mentioned on one of my replies that it will be Invested. if you will ask me in what way, I do apologize but that is what I am trying to learn..
I hope @lovesmayfamilis that I have respectfully answer all your question.
If you have Effective Expert advise for me on how to do it as you are one of the Financial stable person/people please leave a comment here.
Thanks.
There's a lot of thoughts running through my mind so I cannot fully Define what I want.
Thanks.
So In conclusion, I respectfully ask "what is your Effective Expert Advise for a Person (me) that has enough Salary but still want more Financial Stability using cryptocurrency".
Do you have enough financial resources, but you are applying to participate in a subscription company, waking up from long inactivity (I don’t know which account) account? It sounds counterintuitive. If you believe the history of posts, then you have been on the forum for quite a while. Why do questions arise? Haven't you heard about how to profitably use your fiat by investing it in Bitcoin? Today, you promise the manager that you will not spend bitcoins if only you will be accepted there..
Hoping that I will be accepted as I have waited for a long time proving' to my officemates that Cryptocurrency is Legitimate for Trusted Site and People. also, this will be my 2nd Full time work and if accepted by Trusted Campaign Manager (OP), all my earnings here will
be invested in bitcoin Starting This week (if) - up to 7 Years.
Why?
Avoid short-term investments. 90% of traders lose within their first year. You don't want to be among them. Focus on what generates profits for you (your job) and specialize in that, and leave trading to gamblers (capital providers) and professionals (capital recipients). Instead, build a bulletproof investment portfolio that isn't all crypto. a portfolio consisting only of crypto is extremely fragile. Currently, US bonds and gold seem to be a good pillar on which to base most of the portfolio. ETFs like NOBL will also add antifragility to a portfolio. The rest can go to DCA in Bitcoin. Avoid getting into shitcoins and don't fall for pyramid schemes promising hundreds of percent apy.
~~~
as what I have expected that my post would be difficult to be understood because of the grammar but Thanks for your Time leaving a reply.
Basically, my goal is within 4-5 Years and to simplify the thought of the post is - I am open in learning strategy from your advise on how to Be Financially Stable After 4-5 years Using my Extra income in cryptocurrency and significantly improve/grow it's value on the process Starting This month to be exact.
There's a lot of thoughts running through my mind so I cannot fully Define what I want.
Thanks.
So In conclusion, I respectfully ask "what is your Effective Expert Advise for a Person (me) that has enough Salary but still want more Financial Stability using cryptocurrency".
I am not sure of the reliability of some cryptocurrencies in the crypto industry but I can vouch for Bitcoin. My advice is that you consider buying Bitcoin using DCA and focus on keeping it not just for the halving but for a longer time. But for you to achieve this it is also important to make provisions for emergency funds to cover your expenses in times of uncertainties. Some hodlers sold off their Bitcoin prematurely due to uncertainties. Since you are an old-timer in the industry I guess you know about keeping funds safely in wallets. You also stated that you are versatile in other businesses so diversifying your investment to other sectors outside cryptocurrency could also be helpful.
Defining more financial stability is what makes your strategy completely different. Are you looking for a long-term investment so that you have enough cash if you are fired from your job or decide to give up work, or are you looking to be wealthy so that you live a life in which you do not need to check the "PRICE on the PRICE TAG." Investing is a game of continuous learning, but to be a successful investor you must learn discipline and have a specific saving strategy. Then, the simplest investment strategies such as Bitcoin DCA can double your investments in the long term without any investment experience.
P.S. Bees don't waste their time explaining to flies that Honey is better than
First I like this quote.
So In conclusion, I respectfully ask "what is your Effective Expert Advise for a Person (me) that has enough Salary but still want more Financial Stability using cryptocurrency".
It is good that you have realized you need some other source of income than what you get as salary. Salary is what you get based on the work you do for your company or boss and you can be fired any day your boss woke up on the wrong side of the bed and by that time, your "enough salary" will be gone. In other words, no salary is enough because you are still under someone business.
So grow your own business. You already have crypto knowledge, focus on it. At the moment you have the opportunity to make more profit by DCA on bitcoin and wait for halving. I think that is what many hodlers are doing now until they are done with the upcoming bull run.
Comfort Weather to Everyone,
It has been a long time outside cryptocurrency forum world that I have been with/to, and here I am still looking for another Plan to achieve my Goal which is to have the Life of not checking the "PRICE on the PRICE TAG".
I'm trying to learn all Trades just to discover what I am good at. Unfortunately, I can't say that I have Learned and Discover my expertise yet, what I do recognize is I am versatile in everything in any kinds of industry I have worked with.
my Pay Grade currently is just Enough for the Skills that I am executing (Exchange for Fiat).
However, I know the capability of cryptocurrency because it has Facts of its growing Value, way back let's say 2009 up to date. I have known Names - evidently showed Lifestyle change because of Crypto Savings.
So In conclusion, I respectfully ask "what is your Effective Expert Advise for a Person (me) that has enough Salary but still want more Financial Stability using cryptocurrency".
P.S. Bees don't waste their time explaining to flies that Honey is better thanshit - theyoganists. credits to the Owner of this quote
It has been a long time outside cryptocurrency forum world that I have been with/to, and here I am still looking for another Plan to achieve my Goal which is to have the Life of not checking the "PRICE on the PRICE TAG".
I'm trying to learn all Trades just to discover what I am good at. Unfortunately, I can't say that I have Learned and Discover my expertise yet, what I do recognize is I am versatile in everything in any kinds of industry I have worked with.
my Pay Grade currently is just Enough for the Skills that I am executing (Exchange for Fiat).
However, I know the capability of cryptocurrency because it has Facts of its growing Value, way back let's say 2009 up to date. I have known Names - evidently showed Lifestyle change because of Crypto Savings.
So In conclusion, I respectfully ask "what is your Effective Expert Advise for a Person (me) that has enough Salary but still want more Financial Stability using cryptocurrency".
P.S. Bees don't waste their time explaining to flies that Honey is better than
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