Topic: Fiat & Crypto - Effective Expert Advise (Read 663 times)

For those who want to live a lazy life and earn money at leisure without doing any work, investing is the way to go. Among them, safe investment is investment in fiat money bank. And there are many other ways to earn a good profit by investing in Bitcoin. But there will be a risk here. Because the price of Bitcoin is not stable and its price does not only rise but suddenly its price falls drastically. But those who can be patient during these declines and hold them long term without panicking can reap a good profit from Bitcoin. So it depends on who is able to invest with risk taking.

Knowledge and learning is important for each type of business whether it is a cryptocurrency or sometimes else because without knowledge I don't think anyone will get positive results from their investment. Although cryptocurrency business requires more knowledge than any other business but knowledge in must in every field.

One should not use 100% of his budget in cryptocurrency because you will need it for something but unfortunately you will have no money therefore taking out your money from crypto investment before arising of of better timing then it is not suitable for you. I think little but extra money is a good option as it does not make you distress when you need money urgently otherwise you will not be able to fulfil your personal requirements.

The learn and get knowledge depends on what you want to learn. If it's about bitcoin investment or cryptocurrency, it can be said that it's really good that you delve into it and find out why it's a good investment for the future.

And it's also really good that before investing, you should have knowledge about allocating your capital, because once you can decide, you know that 100% of the capital that you will use in the crypto assets that you will buy to hold for a long time will have a profit. -term.

When you know the secret to making wealth it becomes an addiction for some people who just want to keep doing it. This is not only a business for them but also something they enjoy like we do on vacation. Being productive is not a fun part if you are struggling to earn your living. We all want a cozy life without any hassle of work every day. Still, business minded people keep doing their work despite the wealth they have which is enough for the rest of their lives. This becomes a game for them that they enjoy and want to do until their lives end.

Have you ever asked why the richest people in the world don't retire early when they already have billions of dollars in assets? they are not greedy or dissatisfied with their achievements, but they want to continue being productive until they die. If you are satisfied with the stable salary you have now, then you are making a big mistake, you have to be brave enough to take the risk of investing elsewhere, you have to try everything, especially investing in cryptocurrencies, especially Bitcoin, because you will never lose and experience a loss of value of the assets from your investment.

If you still have a steady salary from your job, you should continue with it. You can also continue your investment in crypto and wait for the value of your investment to increase sharply. At least that's what people who also work in the real world like you still do.

They are still patiently waiting for crypto to turn around. Their patience will definitely yield good results. If you continue your investment in Bitcoin, you will see the value of that investment increase in the future. When you have achieved big profits, you can sell it, and at that time, you will have succeeded in achieving what you want.

You can use the DCA method as people do. You can work calmly without thinking about market movements. You can also invest a little from your salary. That is enough to be able to have financial stability in the future. But if you don't do something, nothing will change about your life in the future. What we do now will give results in the future. Don't give up on the situation.

It is true that what you said is that salary conditions which are no longer in balance with the level of needs force us to look for a wise way out and I think we should not waste too much time experimenting in choosing because investing in BTC is a proven and more productive option and BTC is not have time to waste explaining other potential points that the naysayers may not understand.

If you are running after a goal where you want to be financially independent in the future then definitely I would say you need adequate amount of funds. If you want to make an investment you need to have a lot of money only then you can invest good amount and earn money accordingly in future. If you are interested in investing the money you earn there from a job, I think it should be a long-term investment. If you want to be rich with the goal of living a nice life in the future then I think you don't need to check the price tag. rather you plan long term and try to hold it by investing. If you can invest long term then you can be successful and rich in time. Moreover, you should invest in Bitcoin and hold it securely and do not discuss or share your investment with anyone else. If you invest using good strategies and save for future, you can get double profit at one time for sure.

Well, since you've got enough salary to get by and probably penetrate the cryptocurrency industry. it's all a matter of wills at this point and not a matter of logistics.

If you're worried about not knowing how to put your money on the crypto industry, I suggest going back to basics and investing on a dollar-cost averaging mechanic with bitcoin. Why? Bitcoin's the most consistent and most reliable cryptocurrency on the market right now. You put your money on bitcoin, wait for a few years or months depending on when you placed your position, and watch as the money flows in when the bull run arrives. At this point, I'd say it's not a matter of if you can invest in bitcoin for many people, since we're already in a period where you can literally invest peanuts on bitcoin and be consistent with this investment, and you'd still have something to reap afterwards when the whole market rewards you with price increases.

Lol...Buying low and Selling high have been the way of trading the financial market from its inception and this is what they brought into cryptocurrency as well, it works for those who could learn and fully understand how to trade rather than for those who just copy and paste what they read and hear. I see cryptocurrency as one of the easiest ways to earn money but you must first have the needed experience and know how to protect your portfolio, if not, you will lose thinking it's one strategy/approach that would solely help you, and people make this mistake a lot.

Besides, if someone tells you to buy the high and sell the low, can't you use some other measures to ascertain your decision? You can use overbought and oversold indicators in addition to that, while someone like me will even add breakout strategies to it. All these reduce the falseness of the condition and increase the reliability of the buy low and sell high strategy. You might also want to remove from your mind the mindset that there is a secret in trading that some people do not want to share, I thought that too, but there is no secret anywhere, your training and dedicated trading will only distinguish you. I only knew this when I started earning consistently after over a decade of losses.

Anyone who plans to become a trader here in crypto trading must first identify whether he/she/you is a long-term or short-term trader. Now that you know that you belong to those two, the second step that must be taken is to know what crypto assets you will buy to do trading activity here.

You can only get different ideas from some here in the crypto community, but the final decision is still in your hands. So you should know what your real goal is here in the crypto space so that, in the end, you don't blame or think badly of Bitcoin or cryptocurrency.

That is not really an advice as anyone that is going long on any asset plans and desires to do exactly that, but how can we achieve such a thing? How can we become good enough to actually become a profitable trader?

That is what very few people can do and even less people can actually explain clearly, whether this is because they are relying on their instincts as traders or because they do not really want to share that information is anyone’s guess.

Buy low and sell high! That's the best advice anyone can give you when it comes to dealing with financial currencies like BTC op. However, buying low and selling high is easier said than done which is why it's a risky endeavour.

Crypto is not something that you would want to dabble with if you are looking for stability in life thanks to its extremely volatile nature.

Investing in Bitcoin following DCA is a very good strategy.  Many people invest a certain amount or a certain percentage of their salary in Bitcoin in a week or month and some also invest in altcoin because cryptocurrency can give us much higher profit than other assets. And while selling other assets may be a bit of a hassle, Bitcoin can be sold and cashed in just a few minutes, and an investor has complete control over Bitcoin. So there is no fear about its security. But for other assets, if someone is a victim of fraud, it is easy for him to take legal action and recover it, but this is not the case with Bitcoin. Here you have to invest at your own risk and give yourself full security. And once one somehow loses his bitcoins, it cannot be recovered. But Bitcoin hacking is rarely seen.

As per OP, He/She seeks an advice for some individuals who generates enough income but want a financial stability in life, For me I will advice reduce spending too or seeks Alternatives in expenses like do not live within your means only if you have an exact monthly income, Try to save and have a self discipline in handling your finances, By that you can save some amount that may be use in investing in crypto. One way to become financially stable is to upgrade your skills and net worth or by having Multiple job or business.

Reading the replies here make me confuse about what advice what are you looking for, but as I understand, you currently only get enough income to meet your needs, without any spare money to be invested in crypto. My only advice would only be to reduce your spending, and trying to get more income, either by doing side hustle or keep trying to get a new job with higher salary.

All that being said, I believe we always able to reduce our spending if we want to, even if you can only spare few bucks for crypto investment if you do it regularly with discipline, doing DCA, you will eventually can get some profit.

The question is What influences demand and price and what should we do beforehand?


It's also true that wild fluctuations eliminate the attractiveness of each asset but that will eventually normalize on its own as gas fees for BTC have risen quite a bit in the near future and today they have started to fall.

Yes. That's better. If we already have BTC, it's better to just hold on until the time comes to execute.

Why would you need to learn economics? Most of that has nothing to do with cryptocurrency, and concerns local & global markets instead.

I hear a lot of things along the lines of "cryptocurrency is risky". Yes, no-name, unknown cryptocurrencies are risky. If you buy one of the more well-known ones, you know exactly what you are going to get from it.

Yes everyone should first learn and get knowledge and if someone get knowledge and then stop to learn then he will not be able to take knowledge because new things are introducing in crypto space so always continue to learn as knowledge cannot be completed ever. Sharing knowledge is also very crucial because at some point other will take help from it or at some point you will correct your knowledge as it is not necessary that what you have learned will always be accurate.

Those who make investment have no need to take out money quickly because anytime the market can go higher but those who are trading will make an immediate decision. Don't forget that beside bitcoin there is no more acceptable and successful coin and in strategies there is no other better strategy than having a patience during harsh situations.

It's not so bad if one knows how to do it and there are some difficulties for newcomers if they want to get involved in trading. But if we never try then we will never know how to start and from there we can learn to correct some basic mistakes. There are several possible ways one can go about it when one decides to trade, by taking a responsible trading approach and after learning some technical things perhaps one can try small amounts first in practicing one's trading skills.

Dealing with risk issues is important because if someone cannot make decisions it will affect them psychologically and in the end they will face unavoidable losses. Skills will be formed when someone has learned the basics of trading and experience is a path that can lead someone to make responsible trading decisions.

I wouldn't say that I'm an expert on the economics of cryptocurrencies or fiat currencies. However, what I have learned from being involved with crypto currency over the past few years is that investing here is very risky unless you know the right way to invest. Now to know the right path, you need to know how much your ability is, you have to invest depending on your ability, it can be long-term investment or a short-term investment.
Your situation is very similar to mine. I myself do not know much about cryptocurrency trading. I have tried short-term trading several times but I have faced loss due to my lack of knowledge about technical analysis. So currently I have thought of long term investment and yes of course it is Bitcoin. I will also tell you that if you have a stable income, separate a percentage from it every month or every week and invest in Bitcoin for a long time using the DCA method. Here you will have less risk and more security

Both fiat and crypto are good because both of them have their functions and individuals choose either based on the solution they can give individually, unless your are talking in terms of value, yes, crypto has more value than our usual fiat because the price can rise most times without obstruction, it can also drop drastically without any sign of such event occurring, but the truth is, it has not been made to be physical, so for anyone to make use of it, he or she must change it, unless in the case of firms that accept it as a means of payment, but I must tell you that, in terms of value, it is only bitcoin that has more value than any of this crypto.
Have we forgotten that we can still invest with money, what about real estate and other things that are profit-oriented, individuals should be left to decide what they actually want.

Learning about crypto is really good if you do proper market research and investment will bring good results. Crypto market is not stable but long term investment will give good profit if you just wait patiently. Cryptocurrency is a decentralized virtual transaction currency that can be used to purchase goods and services an alternative form of fiat currency. These currencies are unregulated and hence people trade them for profit the price depends a lot on the market demand it is volatile and as with any stock market trading market conditions it is better to have crypto as well as other alternatives.

Why should i think about going for fiat when I know that bitcoin is available for use, I may not go that far in taking risk with any altcoin i don't know much about, but bitcoin is far profitable to Invest and hold than fiat currency, there are multiple ways or means we can make use  of cryptocurrency to help us achieve some of our financial goals and investment plans for profitable achievements while we may not get any of these from using fiat currency.

Once you start learning about this cryptocurrency, continue and don't stop, because as you learn about it, you will discover even more the deep concept that it can contribute to and help every individual who enters this industry.

This is also an important thing to research first. This is also the beauty of the fact that it is not necessary to take out money immediately, and no one dictates to us that this is the amount of money we should take out; there is no such thing; instead, we ourselves decide what we want to do here in the crypto business.

Some of the approaches you have mentioned really need to be tasted or experienced by cryptocurrency lovers in various regions. Because some of the things you mentioned are often intended to generate profits, so they need to be approached and studied in order to get passive income. However, I personally still like trading on the stock exchange even though I also like staking, I just don't really care about staking because I still prefer to use capital for trading.

There are indeed many alternative jobs, but sometimes not everyone has the time to do them so there are many people who still focus on their main job to continue earning money passively even though the amount is not always the same every month. And regarding risk is something that must be faced by everyone who wants to develop in their life because risk cannot be avoided in every job except by fighting it. We can also see how the lives of people who don't want to face risks develop, where they will only enjoy what they already have without getting anything through newer things in their lives.

No salary is enough, it's in the future after retirement you will understand this most important if you are such that likes to enjoy the good things in life. However, it's an opportunity for you to earn more and use the good salary to your advantage as the money invested is not a waste, this is particularly if invested rightly and wisely.

I believe the job that is earning you that big salary will surely be demanding as well, nothing goes for free. This is why I know that you might not be able to get involved in some direct businesses, yet, the following should do well to help you earn more;

1. Investment in Cryptocurrency
2. Land and Real estate
3. Treasury Bills and Government securities
4. Partnering companies with a guaranteed annual percentage return
5. Buying of Shares
6. Oil & Gold ETFs

By the way, this is general advice, DYOR and be sure to learn what you committing your asset to. As you can see, these are both online and offline dealings and this is how best the investment life of everyone should be, you mix them in case.

Specifically on Cryptocurrency as you requested, invest in Bitcoin and some alternative coins too. A bull run is coming where multiple earnings on crypto investments would be made, so you might want to get started now. But please, read your eyes on cryptocurrency before you commit your money. You might want to read for;

1. The best wallets
2. Payments (Buy & Sell)
3. Privacy and Security.

People who don't have patience then I would like to say one thing to them that they need to stay away from crypto investment. You cannot become millionaire within month or year. You have to stay calm in market's ups and downs. Most of the traders thought that they will get very good return in short term without doing anything. A short term investment is really not worth in this field. Before invest in such things first of all you need to prepare mentally for lose as well. Make sure that you have you have enough financial resources, never depend upon crypto only.

Learning on the job is very common these days, but there are many occupations in which this is not possible or at least it should be discouraged, and a job like trading is the wrong place to try to do this.

Because the risks are simply too high and the level of competition is very high, to the point a newbie trader often losses all their money in just a matter of months, so anyone that dreams with making money out of the markets and sustain themselves in that way needs to become skilled traders before they risk a single dollar in this market.

Who attacked you? You are investing with your own money and you are just giving your thoughts about the market, no one has the right to attack or criticize you because they are nobody. We are simply sharing investment experiences with each other. If we do not have the same opinion, we should stop discussing, there is no reason to attack each other. No one has the right to criticize anyone, because they are not necessarily better than us, they are not our parents. I always think we are here to help each other make money, not here to prove who is right and who is wrong.

Yes, you are right. Oftentimes, when I make some kind of criticism about altcoin, I usually have a few people attacking me, but yeah, I am just saying what I have realized that altcoin is all about. I am not criticizing anyone investing in altcoins, but what I mostly criticize is the pump-and-dump characteristics of those altcoins, which don't have any period or season, and also the fact that those projects normally have one problem or another. As a matter of fact, I have also invested in some altcoins in the past. Even though I want to invest in altcoins now, I can because I already know the risk involved, and I will equally make up my mind that if I lose my money in the process of investing in an altcoin, then I will not feel regret. Marvell1, I get your point.

business, especially investment, is something you need to do on your own will and knowledge, because it contains risks for your life to afford that you can't blame others if you fail. when you start an investment or a business, that means you have passed the phase of learning, you are entering the phase of real life.

the high risk high reward investment in cryptocurrency is something that you need to have high confidence to start. beside you need to know the insights of the subject, you also need to have learned from others' experiences, because this investment keeps on evolving years after years. cryptocurrencies business also plays with psychology aspect that you can't get it just by learning from informations you read.

I don't hate anyone who invests in altcoins because it's their choice and I'm also not saying don't invest in altcoins. What I just want to say is that investing in altcoins should not be considered diversification if someone wants to reduce the risk of their portfolio. As I also said, the entire market depends on bitcoin, so how can it be said that investing in altcoins is diversification?

Regarding investing in altcoins, anyone can invest in altcoins as long as they know what they are doing and know the risks they are taking. The higher the risk, the higher the profit, and it's worth a try for the brave.

In any investment we are putting our Money, we need to make sure that we don't some research whether it isncrypt7or fiat. When it comes to investment, there are some project or investment that would tend to give us good profits but all we have to do is to learn it very well and utilize the skill we have learnt into it to make more money from it. Just like we do see some cryptocurrency traders that had been in the market for a very long time, they have took there time to learn and understand the market and when it comes to making profits, they are in for it.

Before coming to crypto space, I tried many types of business to grow money but didn't get much profit. But I worked hard and earned money, but still I was unable to increase the money from there in my daily life. I have seen that investing in fiat currency is not very profitable but investing in virtual currency is very profitable. Many people have shared their experiences here on how they made money by buying bitcoins and making mistakes for a long time and then doubling their profits later. Accordingly, I think that if someone buys and holds bitcoins it will give him a lot of profit which fiat currency cannot give if he holds it for years. So I think it is possible to make a lot of money by investing in bitcoins, but it must be long-term as short-term investments do not yield that much profit. Short term investment is always risky, so it is better to invest in long term virtual currency, which gives double profit compared to real currency.

Perhaps another approach would be to consider anything that can generate cryptocurrencies in order to generate passive income. This is a good example of earning crypto assets, just as staking, yield farming, or P2P, as long as you can produce cryptocurrency profit.

Alternatively, we might diversify our revenue sources by using cryptocurrencies. Because by doing so, financial instability can be improved and risk can be mitigated.

in every investment, you always need to do your own study and not just rely from someone else's opinion. because learning on your own will give you better insights on a particular subject. it will also give you a hint if your investment is going in the positive direction or not.
as we have seen throughout the years, thousands of alts have been created, and yet only few survive and still trading in the market. some may give you profits but more then likely it is only for short-term. discard as soon as you can get profit as they will disappear without a warning.

I'm not an expert in this industry; I just know something that can be considered in cryptocurrency anyway. Maybe what I can tell you is that you should continue "Do your own research."

Because you know that scams and fraudulent schemes still exist in these things, the second is to choose a long-term investment because you also know that cryptocurrency is very volatile in the market. The third is don't just stick to one crypto asset; you should try to look around for other cryptos that also have the potential to keep up with Bitcoin when it rallies, like ETH and BnB, and this is where the DYOR dude comes in.

I am not an expert on this but if I may say so, when you believe that Crypto can make you financially better then learn first.
It is important as you said in the last quote that bees do not need to waste time explaining to flies that bees are better than dirt so indeed in this case I also will not comment much because you have to learn more about what you want to do.
Investing in bitcoin will always be the best advice, it's just that when working on it you have to go through the way you learn yourself because after all, when you only listen to the words of others then it is the same as you making your last quote as your own representative form.

Personally, for me, I can say that altcoin is a game, and investing in it is based on an individual's decision to choose if they can play the game because it's either a win or a loss; nothing is certain. Some people invest in altcoins, and they get lucky along the line to make a profit from the altcoin they invested in; meanwhile, they still invest in bitcoin too. Investing in altcoin might not really be bad for an experienced crypto expert who knows the ins and outs of the market. Definitely, they can be able to handle the risk and also know when to sell the tokens when the price is dumping, but for newbies in the crypto space, altcoin is something they need to avoid until they become more knowledgeable about crypto.

If you have invested in bitcoin, you don't need to invest in altcoins for diversification and it is not called portfolio diversification to minimize risk because it is all crypto, and all are dependent on bitcoin. If bitcoin collapses, there will be no altcoins that can continue to exist to minimize your risk. Diversification is when we invest in unrelated assets such as gold, real estate...But is diversification really necessary when our capital is so small? Why don't we focus on a single investment to get maximum returns?

We wish you luck and we want to hear news of your success another time. Life without planning is the same as people who don't work smartly because even though they can make money every day, their ability to improve their level of income will never change.

Trading is not something that is easy to do and you have to take risks if you want to be successful in trading. The relationship between risk and failure are two things that are quite close but it is not recommended to get involved in trading when we do not have the knowledge. Expertise will be formed when you have a good understanding of trading while experience will take you to the stage of perfection.

In a way, you already know the capabilities of cryptocurrencies now and then how you can use them is your decision. Talking about crypto in general, there may be many coins in it and maybe you just need to choose one of the best. As many have concluded, Bitcoin is one that has potential in the future and from there you can learn to pursue your desire to generate success in it.

Financial stability must be prepared from as early as possible and if you have a steady income from a monthly salary then learn Bitcoin because only in that way will you gain financial freedom and also be able to maintain the value of the currency you own. You can adjust approach in a responsible way and there is no need to force yourself to pursue too large assets in the near future if you don't fully understand.

I have had tough times with altcoins, and that's why it's usually difficult for me to tell people, mostly newbies, to diversify their portfolios. Let it be a choice they make by themselves or from what others have told them too. I know how much I have lost with altcoins, though it might be small if I mention the figure, but that was fucking money I sweated to earn; I didn't pick it up on the street. Altcoins can give one the privilege of earning some profit in a short period of time because of their pump and dump mechanism, but the question is: what is the certainty that the token is going to be pumped?

As any investment piece of advice, you should always diversify your portfolio.
Whether in crypto or other assets. You should think of the contingencies and worst possible scenarios that you may encounter with.
Alternative options on how to survive will give you an edge to combat possible crisis.

It's a bit hard giving general advice without knowing more about you. From what I understand here is that you have a good salary from which you can save money each month. Having a fixed savings rate that we take out from our salary immediately is the best approach to not overspend and will lead to longterm financial stability. A few years ago the question between fiat or crypto currencies was easy to answer because the interest rates where so low and there was no point in saving fiat money. But the world looks a bit different, banks are offering up to 5% for a savings account with new money. This increases the opportunity cost for cryptos and we need to make sure we can achieve those returns. Bitcoins is definitely a great longterm investment to save money in, but when choosing alt coins to trade we need to make at least 10% per year to compensate for the risk we take.

If you want to invest in cryptocurrency, then you should start with Bitcoin. There are thousands of altcoins in the space, but before you get convinced to buy any, you should have a significant fraction of bitcoin in your wallet. There's always the law of investment, which is not to carry all your eggs in one basket. You could be seeing your job as your sustainable source of income, but you don't know what can happen the next moment. If you have set up your own streams of income, you definitely will not be in shit, but if you have altcoins as your only backup plans, then you might lose out entirely.

I would say passive income is the way to go in the world if you do not want to work. Bitcoin and passive income is not all that common but also not impossible. If you have a good amount of bitcoin invested, you could get from %2 to %5 levels yearly return from safe places, that means if you have 100k, then 2-5k per year income, plus on top of that bitcoin prices will go up as well. People should look into that type of thing, reinvest if you can while you are working, since you have a decent salary, keep on earning and living from that, whatever you earn from the passive income goes back to investing, and if you can keep on saving more then keep investing that too. Eventually, one day, your passive income will be enough for you to live with, without having to work.

Yes, you are right that bitcoin has a fluctuating price so bitcoin trading cannot guarantee financial stability or monthly profits. It is very difficult to earn a stable income from bitcoin through trading even if it is done by professional traders.

I don't dare advise anyone to trade Bitcoin and make a profit from it, especially if they don't have other income such as a job that provides a stable income every month. It's too risky if we rely on trading, I always recommend holding bitcoin because it's easier and we save bitcoin for future investment, for the long term, don't make bitcoin for main source of income because it's too risky.

Seeking for more is not a bad thing however, seeking for financial stability from an investment is. Investments can generate profit but will not always result to financial stability unless it generates consistent profit such as with normal businesses. But with cryptocurrencies with volatile market prices, you may only earn profit thru right market analysis. Even experienced ones in this industry are still experiencing loss which should be enough to manage our expectations. The amount of profit as well would depend on the amount of money you will invest which is also a factor. Based on the present, this idea is unrealistic but is valid at some point.

If you already have a stable and more than sufficient income then you can enjoy what you get and don't need to look for anything else. However, if you want passive income then you can start by investing. If you have a lot of money, then the investments you make will have lower risk than someone who has little money. The concept of Bitcoin investment is actually simple, we just need to hold it until the target price we want is reached. If you have a lot of money then you don't need to rush to sell your bitcoins because of a sudden need, if you can do this then investing in bitcoins is a very good way for you to aim for financial freedom in the future.

Has anyone seen or heard of anyone that is completely financial stable that they do not need to invest again, no business or plans to earn, they only spend from what they earned or establishments that is functioning. If there is such a person, I would want to know.

Op, trying to be more financially stable is a good gesture, doing it in a crypto way is not something you should seek an advice because you are already into cryptocurrency and you know what is good for you. Again, the adage of flies and shit in OP, summarises it all.

In as much as I support this, we should also not forget the risk of cryptocurrency. There are alot of risks associated with cryptocurrency ans when mentioning crypto, try to be specific. Bitcoin is the only coin that can be trusted for many years

Diversification is the key as people say and I totally agree with it. Financial stability comes from financial freedom. In order to achieve with unit something that is not affected by inflation. And I can only think of one thing which is Bitcoin. But that doesn't mean you should only stick to Bitcoin and hope for the best. The future is uncertain and we can't predict it. So anything could happen at any time. For this reason don't rely on only one thing.

Making savings in Bitcoin is a great choice for the long run. But in order to survive between the time gap, you need to have other thing in your hand if you want to do it properly. You're living your life comfortably with what you earn, but that doesn't give you stability. And also you can't rely on one thing. Fiat money isn't bad thing if you use it properly. Money makes more money. In order to grow what you already have, you need to do investment. Keep investing on Bitcoin while you focus on other thing. Because Bitcoin investment will take time so meanwhile we should find other ways to increase your income. That's how we fight inflation and bring stability to our life.

Exchange of crypto to fiat currency is never a skill and it's something a newbie in crypto with simple transaction knowledge can do.


You never make a statement about having a tech skill but according to the information you provided, you can the loan service, or extend your P2P trading service to the most reputable and used P2P crypto exchange.

If you're having fiat today, then as much as possible to make investment in bitcoin or any other cryptocurrency because it's in many way far better than the holding our asset in local currencies because they will depreciate over time, we may try to manage having some in fiat but the most of our investment should be in cryptocurrency because of the vast financial opportunities that comes with crypto than in fiat.

If you have a satisfactory salary and you still want to go into cryptocurrency, I will advise you learn to understand how the market works, and since you already have the knowledge of investment and how people can invest and hold their bitcoin for a long time, since you're not in a rush, you could buy some coins gradually and start holding them till they yield good profit overtime.
 you said you're trying to learn all trades, you should continue with the learning process, take time to study a trading pattern that will easily resonates with you, because the market is volatile so you need to be careful with your decision.

I can not agree more with your statement. Some people just jump from here and there to make things hard for themselves when focusing on one thing gives quality outcome. Another thing we should keep in mind is that it's not good practice to look for suggestions on the internet. Your passion and interest are well known by you not by some youtube. Find your interest and start developing it so that it can generate money for you. 

It is important to be able to not waste your time and energy on too many things. You need to be able to focus on a narrow specialty where you are clearly better than others. For example, you know how to draw, or understand the peculiarities of the market, or maybe good at mathematics. In general, I am for the fact that you need to focus on your predispositions. Also, in order to live, despite the price tags, you need to understand what standard of living you want to get, living only on the profit from cryptocurrency. You need to determine the exact size of the deposit, the percentage of profit from which will provide you with a decent living. I think for most it's $300k.

OP, you cannot live the life of not checking the price on the price tag if you aren’t your own boss. Unless you’re paid really well, but then, that would be temporary because if you got fired, you’ll fall back to checking prices before buying stuff. You said your pay grade is good enough, if you’re working for someone in your current job, I’ll strongly suggest you work a lot harder. No matter how good the pay is, you can always get fired. So, you may want to start a business of your own. It could be anything, but be the boss. And from there, scaling happens. The wealthy people we see today didn’t make their money working for someone, they started their own thing (even if it felt small at the start).

Op has said that he has studied all the trades but doesn't know if it's just the truth or if he doesn't want to risk losing more, he said he hasn't found an expert, I think the so-called experts are probably those who have been in trading for a long time with years, as for the skills of all the industries mentioned, maybe it's the real world.

Investing in Bitcoin and then holding it is a good practice but it must be balanced with the cash flow he has, if he only relies on investment to achieve financial stability while he himself does not have enough funds in any case then it will be difficult, then the most important thing is how cash flow becomes stable and can set aside bitcoin accumulation it will be better, actually about financial stability depending on him doing good management in his finances.

To gain financial stability using cryptocurrency with your salary is easy.
Just be ready to take risk.
Set aside some percentage of your salary that you are willing to use in Bitcoin investment, use that percentage to buy bitcoin. It is called DCA method.
Keep buying bitcoin with the specified amount set aside from your salary for long, you will have financial stability in bitcoin because bitcoin is a store of value.

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.

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....!

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.

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.


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.

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*

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.

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.

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.

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

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.

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?

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.

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.

First I like this quote.


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 than shit - theyoganists. credits to the Owner of this quote