But why not put some part of it into bitcoin? Maybe because bitcoin is not that sure to grow at least 3x in the next bull run? There's also Ethereum which has a good chance of doing a 3x in the next bull run.
I would like to diversify your crypto investment into at least 4 or 6 coins. You can try adding some coins that have less market capitalization for a chance of earning big than those coins at the top that are projected to grow 3x to 4x in the next few years. It would be something like this:
$2k - ADA
$2k - XRP
$2k - BTC
$2k - ETH
$1k - SYS
$1k - GALA
well, if after doing some research the OP found some good altcoins, then this is a very good choice. store assets in several places. but, I think not to focus on holding assets of more than 3 types of coins. Personally, I'd probably go for $4k for bitcoin, $3k for ethereum, and $3k for bnb. the potential for price increases that could occur due to the halving could be huge, especially for the three coins. If he believes ADA and XRP are good enough investments, then he just needs to adjust his investment funds. however I prefer to focus more on bitcoin than I tend to other altcoins. |
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I think the thing that makes a person still poor is difficult opportunities, many people are smart but they don't have the opportunity to work in companies or are given capital for businesses. Of course the role of the government is very important to raise the skills or abilities of its citizens who have potential but don't have the opportunity.
It is one reality that we're not given the same opportunities. There are smart and good people but because of a lack of opportunity, they don't get what they deserve. While on the other hand, there goes the opposite type of people and they get the opportunity that should be for other people. I can't blame them for landing those opportunities because everybody deserves every single chance. That's why those that have been struggling and dealing with hardship, they don't give up until they get the best opportunity that they can ever have. Yes, self-development is necessary. when people depend on the work provided, then people will remain in that state until he makes his own chance. there are many reasons why people continue to be poor, even when they have a great deal of knowledge. it's because they don't want to get out of their comfort zone. how many people do not have extensive knowledge, but they keep trying new things until they make it out of their poverty, even they bring their whole family to wealth. |
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in my own case the both are ok to me, for example am a bolt driver and aslo trade the financial market crypto and forex. Due to the current situation of world economy, inflation is getting more worse than before. so if one can handle both for me its a great choice.
in fact, the two types of work are very good combined, or done anyway. these two job potentials are huge. we know that many people take advantage of their offline work to support their online work, and vice versa. maybe, there are some people who tend to choose one of them so they focus. it doesn't matter, but sooner or later they also need to adjust to something online because the development of the online world is developing very fast. personally I do both. |
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well, that's a good suggestion, and I think most people already understand this. however, due to the high hype and fluctuation, as well as the low price, people take advantage of the short of meme coins, and try to take profits there. It has a high risk with a fairly high return. however, the high risk of meme coins is a really high risk. we don't know when the coin will become completely worthless, because it is not recommended to hold it in the long term, especially for new meme coins.
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It's all about having an easy life, the reason why I work so hard and always try to save money is because of myself and my family, there is nothing else that money is good for than to have a good life with your family, when health issue comes at least money won't be the reason why you lost your loved ones, money is a great tool to have easier life that's why we must work very hard at whatever we do to make money, in some years time we won't be able to work hard anymore due to old age, there is no better time than now.
Though saving must not be the main thing to achieve a better life, I believe that investment is the best way to having a fulfilling life because with investments you will increase your chances of accomplishing the money goal., those rich men out there got to where they are today by investing their money effectively.
investment really affects our economy in the future if the investment we make is really successful. however, we also know that saving is the thing to do. because all of these things are important, so many people suggest saving some or maybe 30% of the income they have, and 20% or more is used for investing and the rest is for living expenses and emergency funds. those are all very important aspects. many people have worked hard up until now and are using their money to save and invest with a view to the future. |
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Bitcoin has indeed been a very good choice so far. bitcoin is like a coin we have nothing to lose even in the long run. it is a low risk coin. Another coin that I think has great qualities after bitcoin is ethereum. before the price was as high as it is now, I was more likely to hold ethereum than any other coin, and that made me a sizeable profit. After all, those two coins are the coins that even today I still prefer.
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Meme coin by far, the chance of NFT really succeeding is lower than Memes, it is also not liquid as Memes, if a Meme coins not rugged then the chance of making money out of it is high. NFT seems like a wash trading to me or being used for money laundrying, the hype has died recently because I don't see how most of these useless Jpeg are going to hold value long term
between the two options, the best one to use is meme coins. So, I also think that people who have been in crypto for quite a while will be more inclined to choose meme coins over NFTs. this is because meme coins are still easier to use like shorts trading, or in the long term. the potential for growth is still quite large. however, I don't know with NFT. quite a lot of expensive NFTs nowadays have low prices. |
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It has become very difficult to avoid becoming a victim of scam schemes. There are many good projects that are getting scammed. Scams have become a really big problem in the crypto space. People's dependence on new projects is decreasing a lot. People cannot find out many good projects only because of scams. But I think one of the reasons for this is the decentralized nature of blockchain.There are many new projects which even after thorough analysis turn out to be scams.Innovative projects show nine out of every 10 projects work a huge potential for scams to emerge.
Well, a project that's good at first doesn't necessarily last. that's why we are emphasized to continue to conduct research on a project on a regular basis. sometimes, quite a lot of CEOs focus on development at the beginning of the development of their projects, but over time this will decrease and then disappear. this is the thing that I find most often from new projects. many projects are abandoned, or even become a scam. So, do your research in depth and continuously. if you feel that the project can not survive, then you just need to sell it. |
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Agreed. To find a life-work balance is hard but worth all efforts. The more important thing is that in the pursuit of balance, we have set a great role model to our kids. Parents are always children’s “heroes” and if we do nothing positive in life, they will be more likely to be less disciplined and live a miserable life. Nowadays kids are way easy to be spoiled and we, as parents, should both provide a good financial support, more time with kids, and draw a line not to spoil them for the sake of their healthy growth. It’s a difficult task as well but we should do it. No matter what. We should try, I would say. No one knows how to raise children properly. What we do know is that having enough money is not enough. Kids of rich parents would be perfect, if if it depended on money only. But we all know that in mane cases they are far from being perfect. So, we should focus not only on saving money for our kids' future, but also on their early education, because you can't compensate the lack of it with money. You're right, but saving money is also an important point if one of our goals is educating children. even today if you want your child to acquire good knowledge you also need money for that. So, raising money is very important for the future. we can teach our children good knowledge while we save. however, the positive effects of saving are numerous. In fact, besides education, you can increase your business or investment by saving consistently. |
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If OP consistently saves at least $1 for investment every day, then he currently has enough money to invest in crypto assets like ethereum, or bnb, or even bitcoin. that is if he has been consistent. if he increases his investment to $ 2 or more, then he has enough money now.
However, this can also be something we need to model. sometimes consistency like that will make us have great assets in the future. it's just that maintaining such consistency is very difficult.
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Well, I bought some fractions of Bitcoin at the price of $30K, ETH at $2,100 but unfortunately they have been going downward since then. The bearish trend in the whole market is still prevailing, which greatly impacts on coin prices. Despite the bear market, Bitcoin is still holding on its ground with its price not fluctuating over the top. However, the altcoins are becoming more volatile than before and I begin to doubt whether investing in altcoins is a wise choice. Did you invest in altcoins ? What do you think of the current altcoin market ? Please let me know.
Currently, the market condition is still continuing to recover, although sometimes the price decreases. i see that you bought bitcoin at $30k, and ETH at $2100. Currently, bitcoin is priced at $28k and ETH is priced at $1900, and they are still very close to your buying price. I honestly see this as a normal thing, you just have to wait and be consistent to buy. it is not an investment that will make you rich instantly when you buy it. So, I think you just have to wait until the price of your asset goes up. In addition, the potential for altcoins is still quite high. personally I am also still very interested in investing in ethereum and BNB. |
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I think the biggest obstacle to achieving financial freedom is an economic condition that is difficult to guess, I work with a monthly salary of around $ 560 and can be said to be $ 560 always run out every month because of a lot of expenses, I try to leave $ 100 for saving or invest but this is very difficult because of me Also help younger siblings to school.
well, at my place, $560 is a hefty fortune, maybe you can save with that. but as you said, that economic necessity is very hard to predict. It's just me, I think another issue that is also very important to pay attention to in achieving the goal of financial freedom is financial management. I've read several books that say that it doesn't matter how much money you have, but if you don't know how to manage your finances properly, then the money can run out in a short time without leaving any investment. In addition, many of us have salaries that are not that big, but they make good use of their money so that they are able to build a business that can make them achieve financial freedom. To be honest, I also have problems managing my current finances. |
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I will be more inclined to choose investments, and bitcoin is one investment that I think has enormous potential in the future. maybe a deposit to the bank is a safe way to make extra money, but we also need to have a large deposit so we can feel the interest each month. However, I prefer investing or bitcoin because I feel that with not so much money, we have unlimited potential to get big profits, but also with the same big risks.
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Why matters with crypto influencer? If They give better information why not .
there is nothing wrong with them, but you need to find out the truth of the information they convey, because sometimes there are enough crypto influencers out there who are paid to advertise a project that has little potential, or maybe even a scam. Also, it's better to believe in how you do your research rather than hearing research from other people. it's fine to listen to just looking for information, but you need to confirm that with information you get from other places. Well, even when people ask about a project in this forum, there will be lots of people who will give their honest response about a project. In any case, believe in yourself, and don't take information from elsewhere with 100% confidence. you need to do your own research. |
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yeah that really helps. With additional work, I can save and invest more confidently because I have free money that I save. On the other hand, I still have money for my daily needs. we really need additional work if it is to make us want to develop financially so that we become people who have far more financial freedom than continuing to be employees.
personally I can also save because of a side job. it's really very helpful, especially for people who work with a mediocre salary. when a person has a salary with not so much income and quite a lot of needs, it is difficult for him to save, I even felt this way until I found a pretty good side job, and was able to save with it. well, a side job is really very good for increasing and increasing financially. |
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I wonder why many prople are considering to start borrowing money to invest in cryptocurrency. This is high risk. Do they always think that investing in crypto will always earn much money? It is probably. But what kind of obstacles and ptoblems to meet if using money from the loans to invest. Moreover if we must pay the debt monthly. This will be high risk. It means that we force to invest more than we can afford, doesn't it?
well, that's a natural thing if we look at human nature, which always wants to get lots of profits instantly. However, the OP's case is that the money borrowed can be returned within one month, so it's not too risky if he has another job to repay the loan. it is sometimes done by people who want to immediately take a chance in trading, or people who can't wait to learn and make a lot of money. however, I think the wisest thing is not to need to borrow if he can pay off the loan within one month. he should study the movement of the chart first, before he actually has the money without borrowing. |
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the price increase potential ahead is pretty good, I think it's not wise to choose to focus on meme coins. it would be better to focus on popular bitcoins or altcoins. That's because the potential price increase is still far greater than Meme coins, and the risk is smaller. if you are targeting the price after the halving, then I would recommend Bitcoin or Ethereum. So far, these two coins are the best coins I've ever held in those days. meme coins are too risky for a moment like this.
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Actually there's nothing wrong in borrowing money it depends in the person how they take of it for example you borrow money because you want to put those as your finance into your business or any asset that has a good return so that asset makes the money into you to make more that could pay your debt. But if you are a person borrow money and you keep spending for your wants only that's the problem its not about the Borrowing it's about the person who borrow.
yes, there is nothing wrong in borrowing money, but it all depends on the circumstances and goals. maybe it would be wise to think about how to return the money before borrowing money, because there are so many people who are willing to take risks, then borrow money and invest in something that is uncertain. after the investment failed, he could not return the money, and resulted in frustration. After all, it was fine to borrow money as long as his intentions were good, and he could recoup the money he borrowed if his plan didn't work out. |
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when you have explained about the risks, and he accepts it, then you are beyond that responsibility. if you still feel bad about it, then stop giving information about trading to him, and tell him to find out the information himself. tell him that when you have started, then come to yourself and share about his experience. However, if you still want to guide him, then try to minimize risk by using a minimum deposit on an exchange to do a trial error in trading. maybe $10 is enough. I'm pretty sure that he will get an idea of what trading really is and the risks involved. However, it's all beyond your responsibility, and you don't need to feel bad about this, in fact, you are giving new knowledge to your friend.
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Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.
Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?
Usually, I trade before a bull run market or maybe the market is recovering like it is right now. if I feel that the amount of crypto I hold is sufficient, then I will wait for the bull run to occur. it can give me a sizable advantage. Besides that, in my opinion trading when the bull run occurs is quite risky. like people who trade bitcoin at ATH, it is quite dangerous, because when the price goes down, he needs to hold for a very long time to get their assets back. however, it seems to do a short is not a problem. it's just that, I prefer to hold when the bull run occurs and wait for a price that makes me happy to sell. |
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