2022 Savings and investment plan

[FanEagle]

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.

As for this year I have plans to engage in a lot of other activities, and not just in investment. I would like to make sure that I’m going to have multiple streams of income, and I’m already working towards that and the way I see it, it is becoming quite successful, because I’ve been able to set up quite a few means of income and they are working. Then as for cryptocurrency investment, I’m always looking for ways to better my skills and also be good at what I’m doing. From this year to the next years to come, I have plans to invest and hold for a long term, probably when we see the next halving and another all time high price take place. That’s the level of patience I’m ready to have now.

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[Pamadar]

You know what I have learned from the last year up to now? Don't panic. That's the main lesson that gets me through trigger-happy selling. And I'm not saying that you need to be one of those crypto preachers that yell from the top of their lungs not to sell, hodl forever, and such bullshit. It's not that, it's just the fact that if you miss out on one opportunity, that doesn't mean another won't present itself sometime in the future. Patience is key here, so don't dwell on missed opportunities, look forward to new ones. 

Exactly. Since we all know that this crypto market is very volatile and that's why we see prices keep on fluctuating, so there is no room to be panic since all of these are just for temporary. Prices may definitely be dumping this time, but in the next days or months, we will see them pumping again. So patience is what we should always keep. If we aim for more profits this year, then we should be more knowledgeable, be more focus and stay positive, and of course stay calm and relax when see you prices are falling. In that way, you will really progress on your investments, even it means missing some of the opportunities.

Very important to have that long patience, though, if you really understand the market.

Patience will be developed and you will be able to work with how the situation will bring you, setting your plans and
staying with how you project the market is really important. There are many people who failed from this business
due to failure of anticipating and change plan in a bad timing.

[Oceat]

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.

As for this year I have plans to engage in a lot of other activities, and not just in investment. I would like to make sure that I’m going to have multiple streams of income, and I’m already working towards that and the way I see it, it is becoming quite successful, because I’ve been able to set up quite a few means of income and they are working. Then as for cryptocurrency investment, I’m always looking for ways to better my skills and also be good at what I’m doing. From this year to the next years to come, I have plans to invest and hold for a long term, probably when we see the next halving and another all time high price take place. That’s the level of patience I’m ready to have now.

That's a long way to wait if you just want to wait for a bull run like this then I guess you miss the chance to accumulate more last year that's why you have to do it in the next bull run/Bitcoin halving. But for now, you should focus on your business in fiat so that next time to see how cheap Bitcoin next time you'll be able to buy more and hodl until the next bull run. If only I've got more money to invest in Bitcoin I would do it actually but sad to say I can't.

People who have the chance shouldn't let it pass because one day you'll regret what you could have done in the first place.

[BuNga_cute]

~

2021 wasn’t a bad year for me.it was really good and I was able to achieve a lot in it. I think that the mistake that most people do make is that they are always trying to gain everything; they don’t even think of the right time that they are meant to take a particular action, all their mind is just focused on trying to gain as much as possible.

It is always good, and the best for us, to be taking our steps slowly and not try to rush everything that we are doing.We can always start taking small profit whenever you feel it is right. And you should also have a target that you are trying to reach, if not, you would be like a soldier on a mission with no plan at all.

I am very satisfied with Bitcoin's performance in 2021, even I managed to make a big profit in 2021. I managed to get all that because I had a good
plan from the start, so I could get positive results. Therefore, entering 2022 we must also start planning the investments that we will make. We have
to determine what strategy we will use to be able to generate much better profits in 2022. Moreover, the crypto market is very volatile, if we don't
plan well, there is a possibility that we take the wrong decision. Don't let us fail to get positive results this year because we didn't prepare a good plan.
I believe most people who manage to make big profits, they don't get it by chance, but I believe they have done careful planning beforehand.

Just do the same strategy prior to the 2021 bull run and you'll eventually make a profit in the next bull run. I'm not saying the bull run will come soon or this year, but it will definitely come, what we are going  to witness this year might be a huge correction, so we also have to be ready with that, see it as an opportunity to accumulate rather than a situation where we should panic and dump everything we have.

It's a pretty good idea to use the same strategy this year as we will use in 2021. If we really think that the 2021 strategy is still relevant and able
to give us profit this year, we can try to use the same strategy, rather than trying a new strategy that is not necessarily as good as the previous
strategy. Even so, we still have to prepare for the worst-case scenario, if it turns out that this year the price of Bitcoin moves much differently
from what happened in 2021. The conclusion is that we should never be satisfied with having only one strategy, we must have a backup strategy
if the market moves not according to our predictions.

[globalpain]

~

2021 wasn’t a bad year for me.it was really good and I was able to achieve a lot in it. I think that the mistake that most people do make is that they are always trying to gain everything; they don’t even think of the right time that they are meant to take a particular action, all their mind is just focused on trying to gain as much as possible.

It is always good, and the best for us, to be taking our steps slowly and not try to rush everything that we are doing.We can always start taking small profit whenever you feel it is right. And you should also have a target that you are trying to reach, if not, you would be like a soldier on a mission with no plan at all.

I am very satisfied with Bitcoin's performance in 2021, even I managed to make a big profit in 2021. I managed to get all that because I had a good
plan from the start, so I could get positive results. Therefore, entering 2022 we must also start planning the investments that we will make. We have
to determine what strategy we will use to be able to generate much better profits in 2022. Moreover, the crypto market is very volatile, if we don't
plan well, there is a possibility that we take the wrong decision. Don't let us fail to get positive results this year because we didn't prepare a good plan.
I believe most people who manage to make big profits, they don't get it by chance, but I believe they have done careful planning beforehand.

Just do the same strategy prior to the 2021 bull run and you'll eventually make a profit in the next bull run. I'm not saying the bull run will come soon or this year, but it will definitely come, what we are going  to witness this year might be a huge correction, so we also have to be ready with that, see it as an opportunity to accumulate rather than a situation where we should panic and dump everything we have.

It's a pretty good idea to use the same strategy this year as we will use in 2021. If we really think that the 2021 strategy is still relevant and able
to give us profit this year, we can try to use the same strategy, rather than trying a new strategy that is not necessarily as good as the previous
strategy. Even so, we still have to prepare for the worst-case scenario, if it turns out that this year the price of Bitcoin moves much differently
from what happened in 2021. The conclusion is that we should never be satisfied with having only one strategy, we must have a backup strategy
if the market moves not according to our predictions.

That's the most important thing as long as it's still relevant to me it's okay to use the same strategy,
besides that we also need to prepare a new strategy first because market conditions can change,
but again it all depends on each person

[lienfaye]

You know what I have learned from the last year up to now? Don't panic. That's the main lesson that gets me through trigger-happy selling. And I'm not saying that you need to be one of those crypto preachers that yell from the top of their lungs not to sell, hodl forever, and such bullshit. It's not that, it's just the fact that if you miss out on one opportunity, that doesn't mean another won't present itself sometime in the future. Patience is key here, so don't dwell on missed opportunities, look forward to new ones. 

Indeed. There's a perfect timing to profit so we need to be more patient and dont let the past failed experience affect us on our future decision.

Last year's experience for me is quite good, I made a huge profit for taking advantage the season to take profit. For this year I plan to be more careful and do my best to set aside my emotions when making decision because its not easy to control.

I will follow the same plan and strategy that I did last year but it will depend on the movement of the coins because it can be different this time.

[xSkylarx]

I guess your investment plan will certainly work for 2022. But make sure if you chose to invest in shitcoins or meme coins, make a deep research first so you will have good basis why you think those projects will make it to the top in the future. Sometimes, shitcoins could be more profitable than those established coins, but nevertheless, there are still higher chances for good and established altcoins to be more profitable compared to shitcoins. So always think before you decide.

Some people usually like to hop on shitcoins and meme coins because they feel that these coins are likely to have up to a thousand percent return on their investment.

But, that’s not usually the case, because it is almost impossible for you to find a coin that is going to see such increase or even be successful at all. And most people who invest in shitcoins hardly gain anything from the investment.

I agree with this since most people new to crypto will jump when there is a hype coin, which I do not understand or they are just so dumb that they don't do their own research about that coin. If you are a newbie, I do say that you will make a couple of mistakes before you can fully understand the best coin to invest in, which is really a hard lesson, but as long as you learn from your mistakes, then it is better than making a couple of mistakes again.

[Similificator]

Good decision. If only the masses value knowledge more than profits lee people would lose money. But then again, few people would also gain money lol. But seriously though, you should strictly follow that plan. If you do, you will find the flaws in that olan by yourself and will learn which parts to change in order to make your plan more productive. The point is, you did a good job not being impatient anymore(if you were in the past) and are treading the waters carefully by reducing risks and prioritizing knowledge and experience more.

I believe you will succeed. Goodluck.

[Emitdama]

Some people usually like to hop on shitcoins and meme coins because they feel that these coins are likely to have up to a thousand percent return on their investment.

But, that’s not usually the case, because it is almost impossible for you to find a coin that is going to see such increase or even be successful at all. And most people who invest in shitcoins hardly gain anything from the investment.

Yeah, I have tried it in the past, when I felt that it was a way to go, because a lot of people kept saying that shitcoins has chances of increasing in value so I tried my luck, and despite I was very selective with the coins I selected, it still didn’t really workout. I had to even sell some of them at loss, until now they have not even increased at all. So, sometimes it’s best to leave all these shitcoins and focus on the good ones that are top of the list.

[Kasabus]

Some people usually like to hop on shitcoins and meme coins because they feel that these coins are likely to have up to a thousand percent return on their investment.

But, that’s not usually the case, because it is almost impossible for you to find a coin that is going to see such increase or even be successful at all. And most people who invest in shitcoins hardly gain anything from the investment.

Yeah, I have tried it in the past, when I felt that it was a way to go, because a lot of people kept saying that shitcoins has chances of increasing in value so I tried my luck, and despite I was very selective with the coins I selected, it still didn’t really workout. I had to even sell some of them at loss, until now they have not even increased at all. So, sometimes it’s best to leave all these shitcoins and focus on the good ones that are top of the list.

Exactly. Shitcoins should never be given given high priority since they don't have much demand already that can grow their value so most likely, they stay valueless or they eventually become those trash coins. And its a good way that we should focus more on good and established coins since there are high chances that they will grow even more because of unending support from its community. Although they are also affected with the current price decline, but we know for sure that they will always recover from having their prices dumped.

[Vaculin]

I guess your investment plan will certainly work for 2022. But make sure if you chose to invest in shitcoins or meme coins, make a deep research first so you will have good basis why you think those projects will make it to the top in the future. Sometimes, shitcoins could be more profitable than those established coins, but nevertheless, there are still higher chances for good and established altcoins to be more profitable compared to shitcoins. So always think before you decide.

Some people usually like to hop on shitcoins and meme coins because they feel that these coins are likely to have up to a thousand percent return on their investment.

But, that’s not usually the case, because it is almost impossible for you to find a coin that is going to see such increase or even be successful at all. And most people who invest in shitcoins hardly gain anything from the investment.

I agree with this since most people new to crypto will jump when there is a hype coin, which I do not understand or they are just so dumb that they don't do their own research about that coin. If you are a newbie, I do say that you will make a couple of mistakes before you can fully understand the best coin to invest in, which is really a hard lesson, but as long as you learn from your mistakes, then it is better than making a couple of mistakes again.

The fact that most of the new investors these days came on the market with less knowledge but very eager to make profits so they always chose those hyped coins over those established coins for quick profits. Yes, they are really making profits from them but only in a short period of time, and after that they keep on losing already, to the extent that what they lose is bigger than what they have gained. Hopefully, this will be an eye opener that we should always be equipped with knowledge before making such investments because this will help us not to fall investing in wrong coins and end up wasting our time and money.

[carlfebz2]

I guess your investment plan will certainly work for 2022. But make sure if you chose to invest in shitcoins or meme coins, make a deep research first so you will have good basis why you think those projects will make it to the top in the future. Sometimes, shitcoins could be more profitable than those established coins, but nevertheless, there are still higher chances for good and established altcoins to be more profitable compared to shitcoins. So always think before you decide.

Some people usually like to hop on shitcoins and meme coins because they feel that these coins are likely to have up to a thousand percent return on their investment.

But, that’s not usually the case, because it is almost impossible for you to find a coin that is going to see such increase or even be successful at all. And most people who invest in shitcoins hardly gain anything from the investment.

I agree with this since most people new to crypto will jump when there is a hype coin, which I do not understand or they are just so dumb that they don't do their own research about that coin. If you are a newbie, I do say that you will make a couple of mistakes before you can fully understand the best coin to invest in, which is really a hard lesson, but as long as you learn from your mistakes, then it is better than making a couple of mistakes again.

The fact that most of the new investors these days came on the market with less knowledge but very eager to make profits so they always chose those hyped coins over those established coins for quick profits. Yes, they are really making profits from them but only in a short period of time, and after that they keep on losing already, to the extent that what they lose is bigger than what they have gained. Hopefully, this will be an eye opener that we should always be equipped with knowledge before making such investments because this will help us not to fall investing in wrong coins and end up wasting our time and money.

A very common noob behavior specially if they do someone who do make out big money on crypto then they do tend to follow up on the same path without minding that much on what are the risks
involved until reality do slap out into their faces and do made them realize that this isnt something easy for someone to handle out.Of course you would need to have bback up plans and of course
savings is just a typical stuff to consider out.Everything should really be in planned and dont tend to rush up into something without having reconsideration on
what things should be done or else you would really mess up big time.

[dezoel]

You know what I have learned from the last year up to now? Don't panic. That's the main lesson that gets me through trigger-happy selling. And I'm not saying that you need to be one of those crypto preachers that yell from the top of their lungs not to sell, hodl forever, and such bullshit. It's not that, it's just the fact that if you miss out on one opportunity, that doesn't mean another won't present itself sometime in the future. Patience is key here, so don't dwell on missed opportunities, look forward to new ones.  

Indeed. There's a perfect timing to profit so we need to be more patient and dont let the past failed experience affect us on our future decision.

Last year's experience for me is quite good, I made a huge profit for taking advantage the season to take profit. For this year I plan to be more careful and do my best to set aside my emotions when making decision because its not easy to control.

I will follow the same plan and strategy that I did last year but it will depend on the movement of the coins because it can be different this time.

Not many people calculate the future all that much. If you save somewhere like %50 of your salary, there is a good chance you could literally retire in 10-15 years of working. The difference is that your payments are what dictates your life and the lower you bring yourself down the less you need to work. Most people see crypto as a way to get rich quick, but if you use crypto as investment then you are looking at something that is far better, far more profitable and allowing you to retire far earlier as well.

Many people have monthly plays, or even yearly plans but NOBODY does a decade long plan. The moment humanity realizes bitcoin is a retirement fund and not a get rich quick scheme, will be the time when people will make more profit from bitcoin as well. I personally approach it that way, and I am doing far better than I could ever hope for.

[TheUltraElite]

Controlling finances every year for me is a bit difficult, without investing and trading money will not spin.

You dont have to take risky investments if you are not in a position to. Playing safe is possible in the market but your returns might not be too high. To play safe, buy low and sell high, but choose some proper points. Save money every month and cut down on costs that you can possibly eliminate.

You know what I have learned from the last year up to now? Don't panic. That's the main lesson that gets me through trigger-happy selling.

Both trigger happy groups are at the verge of collapsing when the market goes in the opposite direction, this can and must be prevented by placing orders only after choosing a proper entry or exit point respectively.

And I'm not saying that you need to be one of those crypto preachers that yell from the top of their lungs not to sell, hodl forever, and such bullshit. It's not that, it's just the fact that if you miss out on one opportunity, that doesn't mean another won't present itself sometime in the future. Patience is key here, so don't dwell on missed opportunities, look forward to new ones. 

Those people are likely doing the opposite, so dont take their words to be always true, here only your decisions matter. And selling is as important as buying is in order to cycle the money, like @Alisha FR says "Spinning"

Only with patience can people place proper buy/sell orders at a profitable range, otherwise they will end up panic buy/selling which only leads downhill.

[oHnK]

Controlling finances every year for me is a bit difficult, without investing and trading money will not spin.

You dont have to take risky investments if you are not in a position to. Playing safe is possible in the market but your returns might not be too high. To play safe, buy low and sell high, but choose some proper points. Save money every month and cut down on costs that you can possibly eliminate.

You know what I have learned from the last year up to now? Don't panic. That's the main lesson that gets me through trigger-happy selling.

Both trigger happy groups are at the verge of collapsing when the market goes in the opposite direction, this can and must be prevented by placing orders only after choosing a proper entry or exit point respectively.

The psychological condition of an investor greatly influences his decision to invest.  If you really have a lot of time to manage your portfolio, I think being a trader is the most profitable position than investing in the long term and only expecting value growth and the worst option is to cut loss when it doesn't fit the criteria.  Don't be time-blind and ignore all the signs.  Long-term analysis is also very decisive, don't hold long term on shitcoins that we don't know what the project is.  The worst condition is like SQUID coin.

[Pamadar]

In 2021 I made a lot of mistakes, namely investing in coins that pump for a moment which is in the top gainers tab coinmarketcap, now is the time to switch to investing in top coins so that I can make savings and investments in the future because I hope to be able to retire from work and enjoy vacations soon and do a hobby that I love.

Learning how to adjust is one of the best tool to acquire when you are into this investment.

We all commit mistakes and we are all experienced losses during our trading activities, but the good mindset to take is to be able
to catch up on any learning knowledge in avoiding to make another.

If you know how to use that mistake to favor your next trade, it will increase your chance to establish an investment plan for long
term venture, it depends on how you adopt and you pick the best project to hold.

[Oasisman]

In 2021 I made a lot of mistakes, namely investing in coins that pump for a moment which is in the top gainers tab coinmarketcap, now is the time to switch to investing in top coins so that I can make savings and investments in the future because I hope to be able to retire from work and enjoy vacations soon and do a hobby that I love.

Well, that's a pump and dump type of coins, you'll get good profit from it when you know how to ride and you knew what you're dealing with in a short period of time, but it bears more risks that investing into a coin that already have established their names in crypto space.
Fortunately, what you choose to be investing next really suits your plan on some early retirement to enjoy a better life without all the pressure and stress from your day job. Crypto is the real life hack.

[Japinat]

In 2021 I made a lot of mistakes, namely investing in coins that pump for a moment which is in the top gainers tab coinmarketcap, now is the time to switch to investing in top coins so that I can make savings and investments in the future because I hope to be able to retire from work and enjoy vacations soon and do a hobby that I love.

Well, that's a pump and dump type of coins, you'll get good profit from it when you know how to ride and you knew what you're dealing with in a short period of time, but it bears more risks that investing into a coin that already have established their names in crypto space.
Fortunately, what you choose to be investing next really suits your plan on some early retirement to enjoy a better life without all the pressure and stress from your day job. Crypto is the real life hack.

These are only good for people who love to risk. Pump and dump are for those who understand how the market moves or let's say an expert to that. However, if you don't have that kind of skills, then maybe holding good altcoins and bitcoin will make you profitable in the future.

Investing in crypto is risky in general, that's why you need to learn how to play the game.

[$crypto$]

In 2021 I made a lot of mistakes, namely investing in coins that pump for a moment which is in the top gainers tab coinmarketcap, now is the time to switch to investing in top coins so that I can make savings and investments in the future because I hope to be able to retire from work and enjoy vacations soon and do a hobby that I love.

Well, that's a pump and dump type of coins, you'll get good profit from it when you know how to ride and you knew what you're dealing with in a short period of time, but it bears more risks that investing into a coin that already have established their names in crypto space.
Fortunately, what you choose to be investing next really suits your plan on some early retirement to enjoy a better life without all the pressure and stress from your day job. Crypto is the real life hack.

These are only good for people who love to risk. Pump and dump are for those who understand how the market moves or let's say an expert to that. However, if you don't have that kind of skills, then maybe holding good altcoins and bitcoin will make you profitable in the future.

Investing in crypto is risky in general, that's why you need to learn how to play the game.

I think we have to be alert to that risk because pump and dump are unavoidable but when choosing the wrong altcoin as top gainers then it will be a loss if choosing the right one will certainly be profitable in the future but in 2021 pump and dump so many of us will not smoothly choose the right coin of course some feel a momentary loss.
Studying and learning techniques is essential for a basic part of any investment you make, it takes skill not luck.

[poldanmig]

In 2021 I made a lot of mistakes, namely investing in coins that pump for a moment which is in the top gainers tab coinmarketcap, now is the time to switch to investing in top coins so that I can make savings and investments in the future because I hope to be able to retire from work and enjoy vacations soon and do a hobby that I love.

Lack of knowledge in investing often makes us suffer losses, in the last few months I also experienced the same thing as you, several times I was stuck with new coins that experienced hype moments in triggering price increases, and until now my money is still stuck at the highest price the coins.
Frankly investing in the top 10 cmc crypto is a pretty safe step for the money we have, because after all the coins in the top 10 cmc are trusted coins and of course have a strong community.