Make your plans and follow it, the year has started running already

Lordhermes

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Quote from: nurilham on January 13, 2022, 06:30:47 PM

Personally, every year I make plans and also the achievements that must be achieved. Even though not everything was accomplished at least I did my best and some of my plans were accomplished. This year also I hope everything goes according to my plans and expectations about the crypto world. The crypto market is always unpredictable and we have to be able to deal with it well. It's true that we need a well-thought-out plan and strategy to be better than the previous year. Everything can happen if we want to do our best and never give up.

Thesame thoughts that I've had.Last year January,I had little budgets for myself for the year,and at a point in time,I thought I wasn't going to reach that target,but surprisingly,I made it through to my goals.
This year is another year that I have planned to expand myself financially and live above lack.

nurilham

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Personally, every year I make plans and also the achievements that must be achieved. Even though not everything was accomplished at least I did my best and some of my plans were accomplished. This year also I hope everything goes according to my plans and expectations about the crypto world. The crypto market is always unpredictable and we have to be able to deal with it well. It's true that we need a well-thought-out plan and strategy to be better than the previous year. Everything can happen if we want to do our best and never give up.

5W-KILO

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Moon.win

My greatest regret in 2021 is failing to take profits I made alot but failed to remove my gains later I lost it all, my advice to everyone is be on watch out for beat market this bull market have been around for too long now, all I'm expecting is a bull trap and a huge reversal so take profits in this crucial season

BIT-BENDER

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Well so far this year I want to start actively trading, last year I really procrastinated this desire, I think it's time to diversify rather than earning an saving in crypto, but I out a declaimer to this, so if you follow suit be sure to have done your research, last year was a very good year for crypto but to be honest not really profiting for me, so I think I would put more action To my plans to see how I can also make something out of Crypto this year.

OcTradism

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Quote from: hugeblack on January 12, 2022, 03:19:32 AM

If you buy a large amount of BTC when price crash by (more than 60%) and keep it for several years, it is better than buying a fixed amount of equal value for the same period (DCA)
In investing, sometimes it is illogical to be a good thing, but always the lack of knowledge, experience and learning makes you lose faster.

Bitcoin DCA: https://dcabtc.com/
We can DCA with Bitcoin on the market but we can averagely and gradually learn and increase our knowledge. I think we can call it as knowledge accumulation that is a little bit similar to Bitcoin DCA. Knowledge is valuable so we can not estimate its price then can not DCA it. But the way we learn, the time we have to spend for it, in order to get enough knowledge and accumulate more knowledge with time, make it as same as DCA in investment.

Quote

Therefore, your biggest investment should be in knowledge and learning new ways to invest.

Moreover the best way to invest in knowledge is learning regularly, daily. If people learn 16 hour in one day, it does not make any big change but if people learn 4 or 6 hours each day and keep learning in 6 months or 1 year, big achievement will be gotten.

TheNineClub

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I have to second that. I got a chance to do something I have been waiting for, for years, and if that means less making money with crypto then I am fine with that. But sometimes people get paralysis by analysis in the sense that they think too many things are of the same priority. So what I would advise is to prioritize your plans and then continue acordingly. Because if you try to do too many things at once, it won't turn out the way it is supposed to. The same can be applied to crypto investing as a whole.

Masplanc

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The problem of some is how to start due to low funds. They forget to know that starting cryptocurrency investment with small amounts is not bad, they think starting with big amount is one of the way to start well.

aoluain

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Quote from: Rengga Jati on January 12, 2022, 06:18:01 PM

I learn several things during 2021. And I have some mistakes that I must take as self-experiences and lessons not to do the similar mistakes again.
Yeah, they are:
I am still too greedy.
I felt bad at the end of the year that I am too greedy for some coins that I really expect high expectations to rise up again and again. But in fact, the price keeps dropping and I lost my chance to take profits. I am doing this not because I want to hold them for the long term, but to get higher profits.
I always tried to suggest to others not to be greedy, but I think that I also made that kind of mistake, still being too greedy sometimes.

That is why, I should really care again about my plans on my portfolio, to check and recheck again my fund and risk management in order to evaluate what to do and not to do.
Having similar mistakes several times is very bad and regret will be always around here.
However, as you say, let's not think so hard about what has happened and the plans and life that must go on.
Just evaluate, analyze, and do better emotion and strategy this year so that I don't make any mistakes again.

Definition of Stupidity - doing the same thing over and over and expecting different results.
(no offense intended)

TBH almost all crypto apart from Bitcoin ^{and Ethereum ??} is a risk.
one of the moves I did a few years ago was to convert all the $hitcoins I had back into
Bitcoin and I havent looked back other than to see those $hitcoins now are nowhere.

A good place to start this new year is indeed at a crypto portfolio and streamline it to be
only or predominantly Bitcoin.

Strongkored

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Leading Crypto Sports Betting & Casino Platform

Quote from: passwordnow on January 11, 2022, 08:25:41 AM

Do not forget to take profits. Still, there are a lot of folks that didn't take profits during the last ATH. And for this year, if ever we're fortunate to see another ATH, do not forget to take it!
It's not just all about investments and holding but also why we're holding and investing and, that's to make money and taking any profit is essential unless you plan to hold long term.

This is sometimes forgotten to do because it thinks the price of crypto will go up continuously and happy to see porto rise but forget to change it to fiat where this becomes a frequently used to transact in everyday.

No need to wait for the year to change it would be better to always evaluate all the actions we do including in the crypto world if we feel it is wrong don't hesitate change it quickly and continue to learn so that it becomes better.

Rengga Jati

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I learn several things during 2021. And I have some mistakes that I must take as self-experiences and lessons not to do the similar mistakes again.
Yeah, they are:
I am still too greedy.
I felt bad at the end of the year that I am too greedy for some coins that I really expect high expectations to rise up again and again. But in fact, the price keeps dropping and I lost my chance to take profits. I am doing this not because I want to hold them for the long term, but to get higher profits.
I always tried to suggest to others not to be greedy, but I think that I also made that kind of mistake, still being too greedy sometimes.

That is why, I should really care again about my plans on my portfolio, to check and recheck again my fund and risk management in order to evaluate what to do and not to do.
Having similar mistakes several times is very bad and regret will be always around here.
However, as you say, let's not think so hard about what has happened and the plans and life that must go on.
Just evaluate, analyze, and do better emotion and strategy this year so that I don't make any mistakes again.

aoluain

legendary

Activity: 2436

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Quote from: CryptoYar on January 12, 2022, 01:56:21 AM

2022 started with some very good opportunities we got the dip and we could buy BTC and many other coins at discounted price. I still don't understand why people become a victim of fear. when bitcoin price goes up they say I wish I had bought BTCs. and if bitcoin price drops then they dont buy Cheesy

So my advice for this year is to always keep your heart strong and whenever you get bitcoin/or your favorite coins at discounted price buy them and HODL

This happens a lot!
There is the FEAR that the price will go lower, its short term thinking.

My plans for this year are to spend less on rubbish like convenience foods and drinks,
and generally consume less in order to spend those savings on Bitcoin and continue
to look to the future rather than the here and now.

cryptoaddictchie

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Apparently not all have their conviction ready to top their obvious mistakes. If the topic is all about crypto such as trading, investing, gaming and all other means to earn here. There would be always outside the norm or open door for mistakes. But that's pretty normal and tolerable, as werent perfect. I can see more opportunity on some errors by learning within those experience.

hugeblack

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Sometimes it is better to wait and do one transaction than to repeat the same small trades.

If you buy a large amount of BTC when price crash by (more than 60%) and keep it for several years, it is better than buying a fixed amount of equal value for the same period (DCA)
In investing, sometimes it is illogical to be a good thing, but always the lack of knowledge, experience and learning makes you lose faster.

Therefore, your biggest investment should be in knowledge and learning new ways to invest.
Then comes learning from mistakes, determination and perseverance to achieve a goal.

CryptoYar

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2022 started with some very good opportunities we got the dip and we could buy BTC and many other coins at discounted price. I still don't understand why people become a victim of fear. when bitcoin price goes up they say I wish I had bought BTCs. and if bitcoin price drops then they dont buy Cheesy

So my advice for this year is to always keep your heart strong and whenever you get bitcoin/or your favorite coins at discounted price buy them and HODL

Darker45

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In terms of what's needed to be changed, what's needed to be improved, starting a new approach, and so on, one doesn't have to wait for a new year, a birthday, and otherwise. In other words, one doesn't have to look at the calendar.

Time in that respect is unnecessary. That particular sense of time is merely a human construct. It is all in the mind. It doesn't have anything to do with a person's success or failure. What matters is his/her resolve, determination, focus, and so on.

If you want to get into Bitcoin, do your research right away, study, and decide. Anytime! Don't wait for a year to do that.

Maus0728

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Get a life outside of cryptocurrency! Yes, I understand that we're all hustlin' in here to better ourselves, especially in terms of the financial aspect of our lives, but we should also remember to include a routine to make up a healthy body in our plans.

I mean, because most people here are speculating on their crypto investments and such, it's very easy for them to put eating, drinking, and rest at the bottom of their daily routine list, which can lead to poor decisions due to mental and physical fatigue. The daily stress that comes with crypto is literally one of the worst things you can do to your body.

I'm not saying money isn't important; it's just that you should be able to make money in a way that makes you happy without negatively impacting your health.

pakhitheboss

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The current market conditions has been offering almost all coins at a heavy discounted price. In my opinion it is the right time to enter the market also it is the best time to accumulate more. If someone has entered the market when Bitcoin was at 50k then now is the right time to repurchase again and hodl.

Findingnemo

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Bitcoin = Financial freedom

I expect this year will be financially bad so I always wanted to keep my capital safe than going for a risk to make more money, probably a good time for long term investment so I decided to invest a decent amount in real estate, Gold and Bitcoin as well with the hope of reaping profits in the next 5 years or later.

bitmover

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bitcoindata.science

Quote from: nullama on January 10, 2022, 06:18:13 PM

My advice is to automate whatever strategy you decide.

Just set an auto withdrawal from your bank for example, or whatever you need to do, but make it automatic.

That's the best way to actually keep doing something, when you don't have to check every time.

I think the automation is good because you don't let your emotions affect your decisions if everything is automated. And you just execute your plan.

Theoretically, we make bad decisions if we are emotional involved. If we are overinvested and we panic in a crash, we tend to sell in the lows instead of buy, for example.

If we just make a plan and execute that plan straight, it usually performs better than having no plan.

In my personal finance I have very clear goals and strategies. I have very few assets (Bonds, ETF and Bitcoin, mostly) and I try not to buy other things. I rebalance my portfolio from time to time, and I buy just the same assets. Pretty much automated, and trying not get emotional affected buy highs and lows.

YOSHIE

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Quote from: Gozie51 on January 10, 2022, 07:50:40 AM

Don't sweep those plans of yours under the carpet. Get fired up to achieve this year. I wish all the best out of this year

Yes, the spirit is certain, even though we don't know what will happen in the future, as you said hope is always there, the important thing is the effort.

We are all aware, the previous year maybe we failed in doing something for ourselves especially the crypto part, I didn't expect much this year, only the decisive circumstances and developments of the crypto market in 2022, can change my destiny.

Maybe you're right, I have to reopen the notes under my carpet, who knows there are valuable notes still stored that haven't been swept away.

Topic: Make your plans and follow it, the year has started running already (Read 294 times)