2022 Savings and investment plan

[pinggoki]

It's better to make a background check which is the most ideal coin or asset good to invest in. For me, bitcoin is one of the most ideal it's already concrete and give a good profit and outcomes. But of course, be careful on the market volatility, not all the time it gives a good profit there's a supply and demand too. If you are planning to invest with altcoins it's a high risk-reward because not all the time they rise sometimes Rug pull happens.

Most of the time, I would agree with you that bitcoin should be a priority investment but right now, I don't think so. Bitcoin is for long-term so that can only mean that you can slowly build it up. What we need to focus on are the potential ones to boom because making passive income isn't going to be enough if you want to build your wealth.

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[michellee]

That is a good @OP. At least, you know what you want to do. This year will not come easily as the last year as the big bull run is already happening in the last year but we still have a chance to see another bull run come this year. As long as you can make a good plan and stick with your plan, you will get a good result. Finance management will be necessary so you know how much money you should use to invest in crypto and how you will diversify your investment. But as usual, do not just stick to altcoin but focusing on bitcoin will be better as bitcoin will be your main investment.

We do not need to have a big bull to make a lot of profit. The important part is to be stable, when the market is stable then you can calculate how much you could make. For example, if I invest into cake and stake it and make 100% return after one year, that means 1 cake I own will become 2 cakes. However, if the price drops 50% then I made zero income, but if the price moves 100% then I made 4x instead of 2x. When you do not have a stable market and end up with huge volatility like crypto, then you can't make predictions about how much you could earn in a single year.

This is why I believe that we should not be focusing on getting up all the time, sometimes we just need to focus on staying the same level. I am not saying that bitcoin should be 50k all year without ever moving, but at least make all the moves a bit more slower instead of hyped super increases in a week or super crashes in a day.

Most people expect to have a big bull run because that is their way to profit. It is what is in their mind so they start asking others about the coins that will be profitable to hold in the short term without trying to research themselves. Most of them do not know how long they should hold their coins and although they save I want to have a long-term investment, they still do not know when they need to sell the coin, even if they meet the top price.

However, we know that crypto has big volatility and it is why if people do not analyze the crypto movement, they will not find the right coins to buy. These situations are good for building a portfolio or managing our portfolio as the price seems not to go anywhere high or low. But if we are not careful, we can hold the coin for some time without knowing when the price will be back to the high price. I like to see bitcoin going up and down many times every day because we can use it for our benefits which means, we can buy low and sell high. If we can do that, maybe we can get a stable profit although the percentage of the profit will not always be the same, that is still profit to us.

[Lizzylove1]

I lost huge fund in 2021 due to lack of proper financial management. I allowed the market to take it which is not good. I should have been supper rich and close to retirement if I didn't leave my profit in altcoins. If I had atlest just convert 80% of my profit to bitcoin, the situation wouldn't have been as serious as it's today. This year is a year of taking profit to me and putting that profit to good investment in an offline project.

[TravelMug]

I lost huge fund in 2021 due to lack of proper financial management. I allowed the market to take it which is not good. I should have been supper rich and close to retirement if I didn't leave my profit in altcoins. If I had atlest just convert 80% of my profit to bitcoin, the situation wouldn't have been as serious as it's today. This year is a year of taking profit to me and putting that profit to good investment in an offline project.

Hopefully you learn your lessons, not saying that it's bad to invest on altcoins, but we all know the real deal in crypto market is bitcoin and there is where the smart money is going.

Not sure though if we can have a good profit taking year as it seems that we are in a bear market now, unfortunately, the best thing is to buy cheap at this current situation and hold it for a long time, at least wait for the next great bull run.

[btc_angela]

I lost huge fund in 2021 due to lack of proper financial management. I allowed the market to take it which is not good. I should have been supper rich and close to retirement if I didn't leave my profit in altcoins. If I had atlest just convert 80% of my profit to bitcoin, the situation wouldn't have been as serious as it's today. This year is a year of taking profit to me and putting that profit to good investment in an offline project.

Hopefully you learn your lessons, not saying that it's bad to invest on altcoins, but we all know the real deal in crypto market is bitcoin and there is where the smart money is going.

Not sure though if we can have a good profit taking year as it seems that we are in a bear market now, unfortunately, the best thing is to buy cheap at this current situation and hold it for a long time, at least wait for the next great bull run.

It is a good advise, it's just a question on how or if the investors has the mental toughness to hold for the time being, at least for me the next projected bull run could be in the next 3 years so that's a long time to be a investor. In any case, it is really a big test, but who knows, maybe when we starts to accumulate today and just be a holder, then maybe we will become a self made crypto millionaire in the next bull run when the price hits 6 digits.

[Anguwa]

2021 has given the best lesson for me in choosing projects to invest in, and this year I will be more careful, just like you, in managing my finances to get better returns and minimize risk.

Same here, the year 2021 has given the best lesson in my entire crypto experience, it thought a lot of lesson which include patience, this simply because i will be holding some tokens, then i sold them out for small amount, then after a while, the coin will do 2x, which means i should have a deep research about each project i invested on before making the decision of selling out my coins. All it means here is i am to take more risk.

[worle1bm]

I will be specific and all I will make comment about is bitcoin.

Many altcoins are shitcoins, if this year is not favourable their price can be worthless and never reach all-time-high again which should be what we should mostly avoid. Do more research.

This is not about trading or short term investment and may exceed a year.

Invest in bitcoin, if the price decrease, invest more. A time is coming when bitcoin will again reach all-time-high. All your investment will never at the time be in vain as you will make profit.

Right and we must invest our money into something that will give us returns in future not blindly invest in those shitcoins hyped at the moment which will loose their value with some time.This was what most of these altcoins witnessed as when the hype was over they started dumping in the market and investors loose their money so bitcoin is the best option for us.So for me also will try to get some of it and hold for long.

[davis196]

It seems to me that life gets harder to predict and making long term plans about the future might not be as effective as it used to be.You can't make rational decisions in an irrational environment.
The world is going crazy right now(or maybe I'm just watching too much TV,it gives me social anxiety).
I'm not going to make any long term investments in 2022.I'll just stick with BTC.
OP,how do you plan to diversify your assets and risk?Do you plan to buy real estate or maybe gold and silver?
Inflation is going to be the biggest issue for 2022.The pandemic might be the second big issue,because it might cause new lockdowns,increased unemployment rates and new stimulus plans.Nobody knows what will happen...


 

[carlfebz2]

Everyone has their own different investment plan. But you should create a plan for that

Having a plan than have nothing at all would always be better rather than on making no action in terms of savings because we know on how important this is.

This doesnt only talks about emergency funds but also could be possibly be applied when you do make out some investment too.Do you really like on a life situation on where

you do have a hard time on raising up yourself because you dont have money to spent? In terms of emergency on where you do tend to run into?

[Wawa2013]

I will be specific and all I will make comment about is bitcoin.

Many altcoins are shitcoins, if this year is not favourable their price can be worthless and never reach all-time-high again which should be what we should mostly avoid. Do more research.

This is not about trading or short term investment and may exceed a year.

Invest in bitcoin, if the price decrease, invest more. A time is coming when bitcoin will again reach all-time-high. All your investment will never at the time be in vain as you will make profit.

Right and we must invest our money into something that will give us returns in future not blindly invest in those shitcoins hyped at the moment which will loose their value with some time.This was what most of these altcoins witnessed as when the hype was over they started dumping in the market and investors loose their money so bitcoin is the best option for us.So for me also will try to get some of it and hold for long.

There is no doubt that Bitcoin is the best choice for investment, because Bitcoin will give us profit as long as we can be patient holding until the target
we set is achieved. However Bitcoin is different from other coins, Bitcoin is always able to recover every time it experiences a decline in price.
This means that investing in Bitcoin is safe, there is no need to worry if the price drops. In contrast to the majority of altcoins which will have
difficulty recovering if the price has fallen, the risk of investing in altcoins is indeed much risky. But that doesn't mean we can't invest in altcoins,
because if we do research and analysis properly, we will find some altcoins that are potential and good for investment. So we do need the best
possible planning in 2022, so that we can determine which coins are suitable for investment and can provide benefits in the future.

[harizen]

This means that investing in Bitcoin is safe, there is no need to worry if the price drops.

That can't be applied to average people. A good plan should always be associated not just by holding and waiting for the moon price but some actions that will turn the bearish market into an advantage. Bitcoin is no doubt a good investment for long and no question about that, but it doesn't mean we can't take advantage of other coins during the bear market. With the right timing, we can also profit from other coins due to the fact, their price is swinging at most cases playing within a specific general average price.

It might be hard or challenging but with focus and seriousness, better than waiting without doing anything.

[lovesmayfamilis]

From my little investment experience, I realized that at the moment I am ready to believe in only one asset, and of course it will be bitcoin. Several years ago, I had a lot of trial and error with altcoins. I found myself in a rather bad situation, having lost a large amount. Therefore, for today I concluded for myself that, to the best of my ability, but preferably regularly, I will invest in bitcoin. As, however, and the majority of those present here, nothing original. 

[bonyaserg]

For me, 2021 was a very important year, and in 2021 I invested in myself to learn more about new technologies and successful projects. I figured out for myself how to realize myself in 2022, achieve success and make big profits. So 2022 will be my most successful year, so in 2022 I decided to invest in the hottest coins like Bitcoin Ethereum.

[so98nn]

Yup skills! There you are. There is no point in playing blind in the crypto market. As far as my financial condition is considered for the last year cycle it was not that good as did not look after the crypto trades at all. The market and its cycles were way out of my head and so far I did not risk anything. The knowledge is very important to trade in bitcoin in commercial sense. It’s worst gamble ever but with hugest returns you can imagine.

In the skills, I’m also trying to adopt new kinds of artwork apart from Pencil Carving. I’m gonna explore digital paintings, chalk arts etc.

Technically speaking I’m keeping vision to expand my mining rigs. Currently only two machines running but slowly I have learnt huge lessons so far and using which I am going to develop it further.

[ChiBitCTy]

The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.

The goal of investing is to always be as diversified as possible at all time.  Whether we are looking at bitcoin, or mutual funds, stocks, bonds etc, diversification is what is key.  As a financial advisor this is something that I am constantly try to get through to my clients.  Those people who go all in on one asset class tend to get burnt.

If anyone here want's a little help with their portfolio's I'd be happy to help out a little.  I specialize in retirement plans but I am able to help across the board, just let me know!

[lixer]

A good plan should always be associated not just by holding and waiting for the moon price but some actions that will turn the bearish market into an advantage. Bitcoin is no doubt a good investment for long and no question about that, but it doesn't mean we can't take advantage of other coins during the bear market. With the right timing, we can also profit from other coins due to the fact, their price is swinging at most cases playing within a specific general average price.

It might be hard or challenging but with focus and seriousness, better than waiting without doing anything.

You can take advantage of other coins but I would say if you are getting into something that you are not sure about and only after the short term quick profits then you are doing it wrong.

I have seen too many people investing into things that they didn't really believe in and they just invested because they believed they could get in very quickly, make money as quickly as possible and then get out as quickly as possible as well. If you focus on doing things like that then it means you are going to end up losing money for sure.

So, invest into bitcoin and altcoins if you want to but make sure that whatever you invest into ends up being something you trust would be higher in 10 years. None of us knows what is going to happen in 10 years but you need to believe it and that is the key, it doesn't have to be true, just needs to be something you hope for.

[ven7net]

The year 2021 has come and gone and has left behind some great lessons, most especially as it relates to our economic life and how we balance the sheet at the end of every calendar year. I have drafted my economic plans for the year 2022 and may be interested in learning some lessons from them. The number one thing is to know how much capital I have and how long can I invest in it and what are the percentage profits turnovers, after that, I will look for the right investment to invest in and how much I should invest in it. Then I will try to diversify my investment. I will take less risk this year but make my finances more stable with some skills development.

You are right that you should always plan your future actions, including your future investments in cryptocurrency or other assets. As for the lessons that the past 2021 taught us, I can say that each year brings us lessons that we must learn and in the new year do so as not to make mistakes. In general, after each completed work, you need to summarize in order to be able to see both the achievements and the problems, and only after that move on to the job with experience and a new correct vision in your arsenal.

[herurist]

From my little investment experience, I realized that at the moment I am ready to believe in only one asset, and of course it will be bitcoin. Several years ago, I had a lot of trial and error with altcoins. I found myself in a rather bad situation, having lost a large amount. Therefore, for today I concluded for myself that, to the best of my ability, but preferably regularly, I will invest in bitcoin. As, however, and the majority of those present here, nothing original. 

a wise choice friend You have made the right choice, even though alt is not a mistake but indeed when compared to the actual risk I feel alt is more risky, especially for the meme coin there and some useless projects.
bitcoin is a great place to invest but certainly not for those who just need time to invest here.
but as long as you are sure the benefits will definitely be obtained

[Fatunad]

From my little investment experience, I realized that at the moment I am ready to believe in only one asset, and of course it will be bitcoin. Several years ago, I had a lot of trial and error with altcoins. I found myself in a rather bad situation, having lost a large amount. Therefore, for today I concluded for myself that, to the best of my ability, but preferably regularly, I will invest in bitcoin. As, however, and the majority of those present here, nothing original. 

a wise choice friend You have made the right choice, even though alt is not a mistake but indeed when compared to the actual risk I feel alt is more risky, especially for the meme coin there and some useless projects.
bitcoin is a great place to invest but certainly not for those who just need time to invest here.
but as long as you are sure the benefits will definitely be obtained

If you do like some sort of assurance then bitcoin would be the best choice but if you do like to play with fire then considering altcoins neither an alt or low caps then its your choice
but we know that the risks is way higher thats why we should really be mindful on making or taking such step because it would really cost us money if we do make a bad decision
but since this market is unpredictable then theres no way that you could really able to precise tell on what would happen ahead.

[uneng]

I will take less risk this year but make my finances more stable with some skills development.

That is a pretty conservative idea that to work efficiently demands a bigger initial investment amount, since the returns percentage is lower due to the risks also being low. On the other hand, stability is very important in someone's life, so if you are really able to achieve a decent profit with the strategy mentioned in your post, go for it!

To develop skills is also a good idea meanwhile. This way you open new paths to another professions and jobs opportunities.