Topic: My wealth plan for next 3 years - page 6. (Read 945 times)

I can only be honest - you are the most optimistic guy I've ever met on this forum, even when I believe your hopes are just in vain.

I'm never sure how much budget you're going to put on those memecoin when you're expecting $1 for their value in the market. Oh I also want to fantasize that in the next 1 to 2 years bitcoin will also give me 50x of its value now instead of hoping for something unreasonable. I'm just advice - have fun.

This wasn't really a topic, this wasn't really a 3 year plan, this wasn't even serious. This was just a way to shill AIDOGE which is obviously a shittoken that nobody should invest even a single cent on, and that is why it disgusts me that people act as if this was a serious topic. A real 3 year plan should be like this; wake up, work, earn money, put some of it on bitcoin, go back to sleep and repeat for three years. That's a real three year plan and that's how everyone should invest.

Anyone who does something out of this period will not be making much money and shouldn't be considered a good investor at all. I know that it is going to cause a lot of trouble to a lot of people to believe other stuff are just pure shit, because they believe in them so much, but that's the reality.

That's really impossible to hope for, how can you convince me AIDOGE can reach $ 1 in 1.5 years?
So far no altcoin has been able to shift bitcoin market cap as one of the best investment assets ever. There are thousands of altcoins on the market competing to be the best, but when the top altcoins can't beat bitcoin, so how can you expect memecoin like that to do it for you?

However someone may have brainwashed you with AIDOGE, now don't say otherwise.

Why do people always think of the bright side when they can't be sure if it's the right investment? You may feel like the right plan for the market is happening, but that's just the base you come up with. The market is rife with volatility, and it is uncertain whether it will prosper. In addition, I also disagree with the issue of borrowing money to invest because it is actually a risky act rather than a plan.

I have been seeing the idea of people wanting to take loan to invest in Bitcoin for a very long time. Some people did it and they became successful and rich through it while others were not lucky to make it from the process. If you really want to take a loan to invest in Bitcoin. I will advise you to take a loan that will span to  two to four years. In order to have enough time for bitcoin to give you the desired profit.

Again, you should not take loan to invest in Bitcoin when the price of Bitcoin is already high because the price will crash on you and you will not be able to pay back the loan. However, I will never take a loan to invest in Bitcoin. I will just manage myself. Whatever I am able to invest even if it is $5 every week, it is better and with time it will accumulate and give you better profit than putting yourself in unnecessary stress of borrowing money to invest in Bitcoin.

Yes, I thought so too, why did OP include a loan list in his plan, of course if talking about the benefits it would be very tempting and even when I only saw profits I would not hesitate to make a loan. But here it's not just the advantages, but we also have to consider the disadvantages as well. For example, we make a loan, now we have to pay it according to the agreement. Even though we have considered it carefully because we have enough income to cover it all, it does not mean that everything will be fine, because in life nothing can be guaranteed in the future.
I see OP is only focused on profit, but he doesn't consider carefully what he is actually doing.

Do you want to take out a loan and then invest in crypto? well if you dare to do it it's not something to be afraid of. indeed the risk is greater, but what strategy do you think is ripe, could have brought your plan to be truly successful. I think you have knowledge about the trend now and in the future. you can try if you don't hesitate to do that.

You are too focused on profit that makes you take the reckless decision to take out borrowed money to invest in several different coins. What if market conditions are not in line with what you expect, eventually the value of your assets continues to fall which makes it difficult for you to pay off the loan?
Taking borrowed money is not recommended for investing, especially in Cryptocurrencies which are known to fluctuate a lot. You can plan something carefully with the calculations of the profit that will be obtained, have you ever thought that everything you plan does not get support from the market, How can you pay off a loan when it's due while your money is still stuck in the form of crypto assets.

Drawing a bright and colorful outlook in life without reality and persuasion based solely on luck will not help in achieving your goals in life. As I am learning and experiencing it, I do not recommend forcing myself into the investment journey with financial loans to other financial markets. Secure a stable income before you think that investing in crypto will make you happy, instead spend 3 years on a goal I think it also needs careful preparation, many people here or the market crypto also sees big opportunities with it. But the fact that lack of knowledge, money, psychology, ... will all affect the investment journey, so please supplement yourself with different skills as well as prepare money for the journey to go target.

I don't think you can make a good wealth plan if you start by taking a loan, the market is highly volatile I have seen the market dropping 50% percent and takes years before it manages to get up and go back to its old price, the interest will eat with whatever profit you have and you will end up extending your loan until you have to sell with whatever you have or cut your losses by selling with whatever left in the price of the coins you've bought from the loans.

I have seen people starting with high expectations buying from the loans they got only to end up losing everything, you should only invest with money that you can afford to lose, this is the only advice that you should take when investing.

That's quite an aggressive, if you can stomach the risk for 3 years then there is a lot of upside potential. For me personally the idea to invest with borrowed money is making me a bit uncomfortable as it increases the risk a lot. If I wasn't so risk averse I might also try to boost my returns with leverage. Your investment decisions all sound viable, you must have spent a lot of time researching it. The only problem I might see is to solely rely on bitcoin to cover your daily expenses for 2-3 years. That's a long period of time on which the bitcoin price can move a lot. Maybe it could help to run some worst case scenarios where the bitcoin price drops 50% again, just to see if this leads to any serious problems in your projections.

I am very supportive of your current plan, because it is indeed a way that we must do as investors for now, and I am sure for the next 3 years you are one of the successful investors because your plan is very confident that you can achieve everything you want, because currently the investment that many people do is buy bitcoin, Gold and silver because these three assets will indeed increase in the future, so just wait until you will feel the achievement.

Actually, more like 210 quadrillions! So:
-2000 times more than the world GDP
-500 times the global wealth
- if distributed equally would mean $26 million for each human in the world
- the total market cap would be 380 000 times that of Bitcoin now.

Improbable? That is a soft word for this fantasy!


Yeah, and unfortunately instead of education and knowledge you've focused on meme coins!
The moment you claim stable coin ATMs would replace commercial banks, it's clear you have no idea what you're talking about!

So that's going to be more than a quadrillion in market capitalization with what you're aiming for? I don't want to cut the fun but that's improbable to happen with this token that you're hoping for. Are we just speculating here and that's really your plan for the next 3 years?
Well if you're too persistent with that plan and you think that it's gonna result into a good one, wishing you some luck. Because instead of inclining with that expectation for that token and thinking of such capitalization. Money don't grow that easy even if that's an AI + meme coin project.

Im expecting AIDOGE to hit 1$ price in 1,5 years look the price now i'll have more then 10000x profit by then.
Aidoge i see could be one of the best perfoming asset in 1 year.
And gold btc silver will perform well in the lower rates time from the fed and other central banks becouse rates will go lower very soon in few months and then cheap assets like aidoge Will make many people super wealthy.

Maybe you have been analyzing crypto market movements for years, but what if the risk management strategy that you have planned will not match market speculation due to the fact that the crypto market is that there are no proper speculations and signals, all market patterns you have analyzed are not final decisions then don't be hasty in making investment decisions using loans, but reconsider your decision because investing from loans will be at high risk compared to using personal funds that have been allocated for crypto investments, but if you ignore my advice to avoid investing using loans then prepare alternative options for risk management to pay off your loan for 2-3 years without the influence of losses from the list of crypto assets in your portfolio.

I summarize your investment list:
- BTC
- Gold
- Silver
- AIDOGE (altcoin memes)

How much are your loan funds to invest and how do you determine the allocation for each of the above, the market price of Bitcoin is low at the moment but will 50% be allocated to bitcoin with the DCA strategy, gold and silver are assets with definite returns for the next few years but will not earn high profit (maybe 5-15% in 2-3 years), I am interested that you add AIDOGE (meme coin) in your investment list for speculation 1000x profit in future, you are too sure for that analysis but beware don't invest high on meme coins to avoid the risk of loss.

I agree that we should wait for better entry but in this price range it's all good entry i'll DCA from here becouse to get perfect entry it's allmost impossible so 2023-2024. Year is time to DCA dca the dip small % allocation once market dips and it works always.
USDC are future becouse they Will give REPO rights for USDC,u see it takes education and knowledge to know what does it Even means.
And Also they now test ATM s with Stablecoins so in the future commercial banks not needed. Your bank is your wallet or crypto exchangers the world is changing you either go with changes or stay in the old but i rather choose new becouse old ways not working anymore it's time to learn and go with flow no reason to fight against.

Mister Shortmaster, i mean no disrespect but on what basis are you declaring all of these statements? And why you are so damn sure about it. I am not talking about Fiat or world currency, my concerns are with BTC and digital currency. Why are you so sure about them that they will make you rich if you lend some money to invest in them? Because the world is full of surprises, i think you have been motivated by some person (trader or holder) who has made decent profits and now you also want to make some but doing it without proper knowledge will take you to bankruptcy. I hope you understand my point. I am no expert here in financial advice but i already can see a flaw in your 3-year plan.

i think, your approach is wrong because, with trading, holding, and any other activity in digital currencies, you must need something valuable in your physical life. Because with no electricity and internet, your digital money will be a total waste and if you have physical assets then at least you still have a chance to become financially independent.

I suggest you to reconsider your timeframe and shrink it to 2024 because this might be the time for you to fill up your bags with BTC and then you might get some profits after halving. (it's not financial advice, you must have to DYOR). And Gold prizes are too high right now and you should avoid the current FOMO and wait for a better entry point i say at least wait until the current debt ceiling problem passes. (again all of these are just my points you must have to DYOR). One more thing, you should not hold your assets in any Pegged Stablecoin because once the banking crisis starts who knows what will happen to which stable coin as it happen when SVB was bankrupted and caused huge volatility in USDC --> Source

Markets finances and trading are my thing.
I been learning all of those many years i don't make decisions easy i calculate and i do have proper risk management.

Having all your money in Bitcoin isn't wise, anything can happen at anytime and although we aren't praying of the worst things to happen to our Bitcoin but what if your Bitcoin get stolen for some carelessness that you didn't imagine even happening. We can all claim to be very security aware of whatever is going on around us but even top security expertise get hacks at times.

We have other assets that are as useful and valuable like Bitcoin but they're not Bitcoin. You can invest in Real estate and other businesses. All wealthy individuals I know or have read about didn't get their wealth from one source therefore we have to diversify our investments.