New Year | New Resolutions - How you gonna manage your finances - 2021 ?

[verita1]

I agree that any wallet should have Bitcoin. We are surprised how Bitcoin came to conquer large capitals, investors have their eyes on Bitcoin. I would buy what is within my reach because I trust that its price will always continue to rise as planned. What is noticeable in the environment is Hodl Bitcoin because there are great expectations for this 2021 for which we must be vigilant.
Bitcoin is here to stay!

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[Ridwan Fauzi]

Good resolution for you, but you may need to prefer what time period to choose because it will have an effect on your psychology.

As we may know, bitcoin price is already high now if we compare with the previous years it means there will many people who will put the short entry to gain the profit. So, if you choose short term investment and you collect bitcoin with buying it per months you will not comfortable, your psychology will bad and you will sell your bitcoin in the lose situation. Different if you choose long term investment, although bitcoin fall sharply you will still comfortable to hold your bitcoin, because your intention is long term investment.

I have a resolution, maybe it will them with yours but I won't choose bitcoin as means of my investment place. Seem like ETH and litecoin is good investment since their price is still low and have many chances for the price up dramatically. The fundamental factor for ETH is good and it will continue until this year remind the DeFi system is still popular and a few time ago ETH developer has been upgraded their system which can make ETH transaction can run quickly of course with low fee per transaction, that way I choose ETH rather bitcoin.

[Bluto]

Personally I think I will just not put a lot of money into bitcoin for the first 2-3 months of 2021, unless I see that it starts to stabilize a bit. Even though I am sure BTC will continue to grow, I do not know for how long this will continue and whether BTC will have a mini crash or not. I'm not talking anything serious, but if the price falls 3-4k it will still be a bummer for those who invested during the ath.

Nevertheless I will still continue with my strategy of putting a few hundred bucks every couple of months cause it seems to work

I will maybe put a few dollars into Dogecoin since it's becoming popular just for its name and its price surpassed a cent recently. Who knows, maybe it will rise to 2 cents or even 3.

But in general I am not a hardcore investor and crypto is just a side hobby that happens to make me some money on the side.

[raidarksword]

I have high hope of this 2021 year and hoping all is well for me in my crypto journeys to earn profit thru airdrops and bounties wherein that's one of my new year's resolution to be able to join legit airdrops and bounties so that I cannot missed single opportunities to earn free money on crypto. I have some tokens as well that will surely be big in this year that's why I am full of confidence.

[Psynthax]

Maybe i'm too late but I'm gonna invest big portion of my salary this year like really.
Considering how things could went wrong in the blink of eye (pandemic) I guess it's makes me conscious that having emergency funds and the likes really important and learn to not be such a pushover I guess.

Maybe gonna ride the next crypto bullrun who knows 

[Sapphire915]

My new year's resolutions in managing my finances is, I'm gonna focus on saving. Though its really hard to save this time where we are still in the midst of pandemic and a new variant or strain of virus has came out in the other Countries. But, still I am hopeful and thinking more positively that I will be able to save at least 10% of my income and I am planning to invest in Bitcoins at the right time. I believe that Bitcoins will continue to rage on this year and its awesome movement will grant us all financial freedom and success in Crypto world and in the mainstream world as well.

[Shasha80]

We all definitely want 2021 to be better than 2020, therefore managing our finances must be much more effective. What I did was the percentage
for buying Bitcoin I increased, because I believe Bitcoin will reach $ 50,000 in 2021. And also I will reduce buying things that are not really important,
then looking for more side jobs so that my income this year is much greater than in 2020. I learned a lot from all the things that happened in 2020,
it turns out that we have to save more in order to secure our future.

[samputin]

Well, as for me, there's nothing huge plans regarding my finances. I'd just continue on hodling my bitcoins especially that the price is going higher, and sell just when I deem necessary or when I feel like it. I'd practice wise spending as well. I mean, I'll still buy things for sure but I'll make sure that such material is necessary and not just out of my demands. After all, the pandemic is still here so we should know how to handle our finances well.

Happy new year!

[Lordhermes]

To be sincerely speaking, I haven't managed my finances as well during the last year, I have been battling up with family issues at all times taking up my little savings, but this year I think I should reduce it a little.
I read a book titled "The richest man in Babylon" it advices about saving 1/10th of your salary no matter the amount earned,, saying let the 1/10th saved gives you more income. I will apply to this theory this year and upward.

[Bitbtc8]

I'm going to keep taking advantages of crypto and bitcoin itself, many are hunting for Bitcoin right now and the whole thing is not slowing down, I believe that this year will be a better year than 2020 for crypto and bitcoin, I'm ready to keep holding and also taking advantage of bear market too, there will definitely be some corrections along the way, also let's not underestimate altcoins because some of them are useful too

[jasonjm]

At this very moment when the market is highly volatile, I think it is not a good option for investment and I am looking to buy the dip after the pump finished. I have saved some amount for rainy day and will be looking to trade some amount and make profit along with long term investnent in BTC and ETH.

[jacafbiz]

My new year resolution is not to FOMO into any project this year, It is important to have Bitcoin in ones portfolio this year and to encourage others to allocation small portion of their portfolio to it, Bitcoin has proven to us that there with time you can only make profit

[RealMalatesta]

To be sincerely speaking, I haven't managed my finances as well during the last year, I have been battling up with family issues at all times taking up my little savings, but this year I think I should reduce it a little.
I read a book titled "The richest man in Babylon" it advices about saving 1/10th of your salary no matter the amount earned,, saying let the 1/10th saved gives you more income. I will apply to this theory this year and upward.

Do not be worried that you didn't saved enough money this year, do not even worry that you had to spend your savings this year neither. For two reasons, sometimes there is some emergency in our life and we have to end up spending some money, it is the system telling us we can't be ever rich with the way world works, one mishap in our life and we are back down, but you have to fight that and you are as we can see from your post, so do not worry it is out of your touch and you should be proud that you had enough savings to cover it.

Secondly and most importantly, it was a pandemic year, the super wealthy got richer obviously (look at Jeff Bezos) but we all got poorer, so not being able to profit this year obviously makes sense. Consider 2020 as a no show year for finances, as long as you are not bankrupted, you are still considered doing well.

[cryptofiend01]

I've always stuck with dollar-cost averaging method when dealing with high-growth or undervalued crypto and stocks. It's a pretty stress free approach for people who don't have enough time to manage their investments.

I have become wary of the Great Rotation for 2021. If you don't know what it is, look it up, it's good-to-know for any investors of all kinds.

[newwest]

At this very moment when the market is highly volatile, I think it is not a good option for investment and I am looking to buy the dip after the pump finished. I have saved some amount for rainy day and will be looking to trade some amount and make profit along with long term investnent in BTC and ETH.

On dips I would be investing and fearing to stay away from the market as it can bounce very quickly and do not want to miss out rally on that moment. So each month certain amount will continue to invest in bitcoin and some other coins which I think have a good potential in future to grow as well.

[ethereumhunter]

At this very moment when the market is highly volatile, I think it is not a good option for investment and I am looking to buy the dip after the pump finished. I have saved some amount for rainy day and will be looking to trade some amount and make profit along with long term investnent in BTC and ETH.

On dips I would be investing and fearing to stay away from the market as it can bounce very quickly and do not want to miss out rally on that moment. So each month certain amount will continue to invest in bitcoin and some other coins which I think have a good potential in future to grow as well.

That is what I want to do if I see the downtrend comes to the market. I do not want to be late to buy bitcoin or other coins because I realize that we still have more time to invest in any potential coins. But I think it is better to stick to bitcoin, and the other top 20 coin lists, so we do not confuse to analyze or to select the coin. When you can invest every month, you will see your money value can increase from time to time, but you will also see that the value will decrease. But you do not have to worry because if the price increases, you can sell it and make a profit.

[Freeesta]

The new year starts with good news. Already now BTC costs about $ 30,000, there has been no such growth for a long time. Do you think the popularity of cryptocurrency is related to the pandemic? Personally, I believe that cryptocurrency has a huge future, you just need to wait a little.

[Lucius]

Whats your plan?

My plan is the same as in previous years, to allocate as many fiats as possible to Bitcoin, and preferably to gold/silver as additional insurance. Furthermore, as before, trust politicians as little as possible, and do not trust so-called experts who say all their lives what suits them best at a given moment.

The goal of the world's elites is to keep as many people as possible poor and dependent on a system that makes them rich. The best annual decision for everyone, start thinking with your head and realize that small people are the only ones who can change the world for the better, but only if we unite and start changing the world together.

[sana54210]

On dips I would be investing and fearing to stay away from the market as it can bounce very quickly and do not want to miss out rally on that moment. So each month certain amount will continue to invest in bitcoin and some other coins which I think have a good potential in future to grow as well.

That is what I want to do if I see the downtrend comes to the market. I do not want to be late to buy bitcoin or other coins because I realize that we still have more time to invest in any potential coins. But I think it is better to stick to bitcoin, and the other top 20 coin lists, so we do not confuse to analyze or to select the coin. When you can invest every month, you will see your money value can increase from time to time, but you will also see that the value will decrease. But you do not have to worry because if the price increases, you can sell it and make a profit.

It is of course harder to do TA or similar research on a brand new coin, or even a a few month old coin, because it is still on the development process and anything could happen. However it is easier to do it on Bitcoin, even though you may or may not get the right answer from it, it is at least simpler to check it. I am in favor of finding decentralized currencies, there are so many currencies that have people in charge, XRP, BNB, BCH, BSV, USDT and similar, well stablecoins are already not good for investment because they are "stable", but all others that are centralized and run by some people are bad for me, I omit those and use the others in the top 25, and that is much better.

I would advise you to try to get away from those as well, they make no sense to invest at this current stage, you can already get profits from decentralized ones as well anyway.

[CryptoLogo]

To be sincerely speaking, I haven't managed my finances as well during the last year, I have been battling up with family issues at all times taking up my little savings, but this year I think I should reduce it a little.
I read a book titled "The richest man in Babylon" it advices about saving 1/10th of your salary no matter the amount earned,, saying let the 1/10th saved gives you more income. I will apply to this theory this year and upward.

I also read this book, but I have never been able to apply the tips therein in my life. Too many problems fell on me in 2020, which led to constant withdrawals from my accounts.
I believe that this year I will be able to take my finances under total control and implement as many tools as possible in my life.