Topic: New Year - The crypto economics (Read 550 times)

Actually, not everyone believes in drafting out a plan/goal for the year, they just do things the right way and watch it work out or not for them, at least we all know what's right or wrong in our heads, we all know when we should save and not be extravagant, etc, but if you believe in setting/drafting out goals, then it's also fine, it also has its advantages as I feel it can make one more serious about actualizing the set goals, I wish you all the best mate.
We always have the "get rich quick" investors in the network, this are individuals that do not have any patience and they just want to get rich after a few weeks of investing, this of course will cause them to make mistakes such as choosing the wrong investment, or falling into the hands of people that will scam them, there is no quick money and until people realize that they will continue to lose money.

Lol...i find it very difficult to understand you, it take me time to understand exactly what you are narrating, but try to understand that cryptocurrency don't have a specific timing or duration for it's acceleration in crypto market sphere, what brings the jubilation in cryptocurrency market of bullrun is demand and supply, so immediately the demand is higher than the supply the market of cryptocurrency changings shape, so the market doesn't come to bull due to monthly prediction or annual prediction, it's rotational in cryptocurrency and the price is not stagnant..

expectations are too high without being accompanied by research because it always sees some people speculating to be some obstacles about it.
we have seen how some time ago many people had high expectations about bitcoin so they forgot about the new ATH and just focused on the $100k figure.

so that when there is another correction they are confused because their expectations do not match the existing reality.

speculation and expectations are indeed quite good but this must be passed also with observations that there must be a second plan when this cannot be done

Most of the time people lose their money in the markets because they are simply expecting too much out of them, they want to generate profits so quickly that in their attempts to make some quick money they get the opposite results.

It is ironic, if instead people went for a method to make profits that was slow and focused on the long term then they will get profits at a fast pace, it is counter-intuitive so I do not blame people for not realizing this when they first invest in the market, but after a few years I would have guessed most people would have figured out, but it seems this is not the case.

Happy new year to all!! Firstly i gain much crypto experience in 2021, but now implementing crypto changes in 2022.

I said the same thing everyone who asked me "what do you expect from 2022", I kept replying "2023". Honestly if I can see 2023 that would be enough. I had a very very terrible year in 2021, I mean thankfully not as bad as some other people, I have seen so many bad videos going online about people who couldn't be saved because of lack of beds, imagine living in a situation where you know you could save your loved ones, they are in a situation where they could be saved, but they are left to die because there are not enough beds. That was mainly 2020 to be fair but I am sure it happened somewhere in 2021 as well.

Mine wasn't "that" bad, but I had sickness in all of the family, covid, I did my own business and bankrupted, thankfully I lost all of my savings in that and I am not in debt but losing thousands upon thousands on your dream and bankrupting wasn't nice too, then lastly some health news that was even worse than anything else, almost death, and now we are back to normal thankfully.

2022 seems like it started nice for me, so far in the past few days nothing bad happened, after a year of almost every single day being bad news, I have to say I expected even these few days to be bad but it has been very good.

This is something which we all are scared of at one point because this covid generated pandemic has produced a feeling of fear among all of us and some of us have lost their closed ones in past year.But hope we survive this year with new positivity.

I also stacked more sats the last year through my DCA strategy because we need to secure our future as Governments are busy printing notes only and increasing debt limits in respect to which the inflation rates have been growing at rapid pace but they will never come on this topic.This made me to stack btc at the same rate and increase my wealth.Some will not understand this but for me bitcoin is the best option to have returns in future and have hedge guard against inflation which will rob you of all the fiat you have.See this thread :

My Past six months bitcoin journey

We all are hoping for the same and my expectations are high from this year as well and wants to see PlanB analysis of $100k by this year coming to reality.But this may grow even more.But one thing is for sure we will see bitcoin growing and if you can stack sats you must do.

Quite a journey in 2022. I made a lot and then I also lost many. But inside of me, I feel that something is growing stronger and stronger every day through painful experiences and memorable moments in this cyber place. I 2021 was cooler than 2017-18 and I expect 2022 will be even better than 2021.

Right now, my crucial purpose is not about making money anymore. I will try to learn as much as I can so that in the future, I will be able to create some shitty things that might help and emphasize people through the technology of blockchain.

It is normal, we all lose money during trading and 2021 was a weird year, we had so much volatility and it is normal that you may not end up with something special, sometimes we all ended up losing money in a big way. At the end of the day, we will be prevailing as long as we are in the crypto world, so all in all I have to say that there is this weird situation we are in where we could make some profit based on just yearly ups as long as we hold it, which is weird because not many things in life gives us this much profit with this ease and yet people are still not sure about it.

Like how many things in the world could you buy and do nearly 2x every single year? Bitcoin is one of them and yet people still lose money because there is still this feeling of "get rich quick", people still do not believe the long term benefits of it and that is why we still lose more money than we should.

Every time you see the price grow, it is pretty addictive, but sometimes it is pretty stressful to look at your investment that is in red. This year I am planning to invest little by little depending on my funds. It seems pretty difficult right now since I do have a family to feed, so money is essential, but I want to save and invest in a promising coin. Well, I see ETH is best for now. Wish me luck investing in this crypto.

The thing is that even your "personal economic situation" still revolves around the general economic situation in your country, I mean if cost of living in your country is high as inflation levels skyrocket, with little or no jobs/unemployment/underemployment etc, all this is definitely bound to affect you as a citizen. Having said that, personally I want to learn more skills in this year, at the moment individuals with skills are highly sought-after, thus I'm definitely going to add up on my already existing skills to increase my chances of earning from multiple sources, then to add to that, as has been the case with me for a couple of years now, I'll still stick with Bitcoin as a hedge against my country's devaluing fiat currency. If we're to be honest with ourselves it's not really going to be too rosy at the beginning of this year, we're still struggling to curtail the virus and its mutating nature, thus it's best everyone lives according to what they earn and not try to be too extravagant.

Well.... That's great.... Actually I have experienced the same as you since.... I have invest small amount of my money on crypto about an year ago and now I am thinking of investing more and more money over crypto and hold it for a longer time....

happy new year to all,
this year I will minimize spending a little to invest, by looking at the unfriendly market conditions in the last 2-3 months and until now the market has not shown good. if things like this don't improve then the economy in my finances will be out of control and can go out of plan

Foremost, I would also like to greet everyone with a happy new year again. It's so good to be in this forum with a new perspective and plans in mind.

It's nice that you have learned many things last year that made you evaluate and rethink your life decisions most specifically the financial aspects of your life. It's really true that it is better to have more and numerous streams of income rather than relying on just one because the more in-flow of the money goes to you, the more you can earn, save, and allot it to other things that you need or want. By having multiple sources of money-making ways, you can designate a more generous amount to your necessities and investments. And the more capital you have in an investment, the better since it is a passive way to make money without actually working hard for it.

But of course, still, remember that only invest what you can afford to lose because there is nothing certain in risking. You can either be rewarded and gain something from it or you can lose too. It's a 50/50 scenario and I think what makes it only less risky is by doing your own research first, planning ahead, organizing, and proper implementation. So if you plan to make another investment aside from having multiple hustles, make sure to have in-depth research about it first to avoid regrets later and to make sure that you will have the most out of your funds.

Right now, I plan to reinvest the moment I got my money from my currently existing investment. I'm just waiting for the proper timing and I'm still on the process of organizing my thought and ideas and putting them into concept, which soon later be an action. I don't have a plan to rush things. I want to take it slowly, but surely this time around so I won't repeat the same mistakes I did back then due to lack of knowledge and proper research.

I hope whatever you are planning goes well this year. Rooting for a wonderful year for all of us. Let's keep on doing the things that we love.

I have been here since 2017 and indeed I felt at first I felt that 2020 was my best achievement but I realized that it was wrong, 2021 turned out to be better than 2020 and even though many people complained this year because they bought at too high a price but I feel 2021 is something beyond my expectations.
By looking at the movement from year to year I am very confident about 2022 because I really believe there will be some that are beyond my expectations again this year.

The most important thing in being open to seeing the market is maybe we shouldn't panic too much about it because panic will only make you confused and doubtful in holding the assets you have.

2021 gives us a lesson from investing in crypto because many of us already bought so many coins from 2017-2020 and hold the coins. And when the crypto market starts to rise and we see our coins can hit the new ATH, we sell it and make a big profit. So in this way, we are learned how to have the patience to wait for the bull run and we already saw it happen in the last year. Yes, we must have another way to be our source of income and not just use one or two ways to make money as crypto offers so many things to us about how to make money from crypto.

We are already in 2022 and hopefully the negative trend that happened in 2017 when the market skyrocketed and then the market dropped in 2018 to 2020, many are afraid that if the market is red this year it will be more difficult to recover, I think we must be prepared with negative conditions and make another plan if the market continues to decline.

I had some ups and downs last year despite that my monthly average income has increased a bit compare to 2020 during the COVID-19 pandemic. But of course, mostly I lost money because of the bad trading and investment decisions that I've made especially in memecoins and shitcoins without doing my own research.

Right now despite that the cryptocurrency market is unpredictable, my goal is to manage and diversify my finances very well. Coz' as of late, I didn't monitor how much expenses I've spent every week, month, etc. So I am going to make it a habit starting today.

Happy new year to all crypto investors. This year will be a better year to us.
Many investors loss so much income in the last year base on the collapsed of the economy in the country. Since many countries are now adopting bitcoin in their serious country which will really  improve the economy and eliminate unemployment in the country. Many countries are ready to recover all they have loss during the pandemic that caused so many countries economy collapsing because of the covid-19 virus that was spreading all over the world. This year 2022 many cryptocurrencies are set to help their users to earn well from the community.

Having an extra stream of income is the fastest way for economic growth and if you most attained a balanced financial life then you don't rely on one source of income.
The year 2021 left behind some lessons and from that experience, we will develop our skills as that will enable us to invest wisely this new year 2022. I will be investing most of my time in personal skills development in cryptocurrency.