2022 Savings and investment plan

[Juse14]

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.

I also feel the same way, although in the end it returned to the original price when I bought it. Hopefully it can be a lesson for us. It's not a mistake, and even if it must be said as a mistake it's not the end, but it's the beginning for us to be better in the future.

[Kodok Bencot]

The pandemic period is not over yet, new variants keep appearing so many types of businesses have not been able to rise, in my country unemployment has increased dramatically so I have to be creative to manage my finances so I can survive because of the increasing inflation rate, of course the best thing is to invest and cryptocurrencies are an alternative right.

[doomloop]

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.

Unfortunately pump and dump became a bit of a reality in the crypto world. There are so many people who made good amount of profit on this market, and that means they have a lot of money in crypto. This results with many of them using it to profit by pumping some smaller volume coins.

In the end, if you have 10+ million dollars, and you are looking at a coin with 2-3 million dollar volume daily, adding even 500k to that would increase the price like crazy, plus people would think that the coin is actually going high, you could also add in another 500k with like 50k per day for 10 days, which would still look good but not increase it like insanely.

So in the end, you just put in 1 million dollars to it, but suddenly the price is like 2x or something, you sell all of your 1 million dollars and it probably will be like at least 1.5 million dollars because of the pump, probably more. Could that turn out to be bad? Sure, whale could lose money too, but it is a risk they can take.

[Lanatsa]

The pandemic period is not over yet, new variants keep appearing so many types of businesses have not been able to rise, in my country unemployment has increased dramatically so I have to be creative to manage my finances so I can survive because of the increasing inflation rate, of course the best thing is to invest and cryptocurrencies are an alternative right.

Crypto could really be a viable option but you should mind off that there are also other things or options which you could take to make at least you do have lots of options to take rather than on focusing on single option.

Of course we should really do all sorts of things for us to survive and its relevant to make out some savings so that whenever you do end up on having no work or other source of income
then you do at least able to survive this problem.

If you don't prepare up on things then you would be fucked up later on.

[BuNga_cute]

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

The more strategies we have, the more choices we have when investing. We can use the strategy that best suits market conditions, to make it easier
for us to generate the profit we want. Because the market situation changes every year, depending on demand and popular trends. But as I said
before and you agree too, using the same strategy is not a problem as long as it is still relevant to the market situation. In the end, we really
shouldn't be influenced by the strategies that other people use, because sometimes the strategies that other people use, not necessarily
in accordance with our goals. Better we use a strategy that suits our goals, so that we can invest well and can generate big profits.

[Dunamisx]

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.

Actually if feels good for one to take measure of how progressive his or her business and investment is moving, i can remember the proceedings of taking inventory in data analysis record keeping, such method can be adopted in bitcoin by creating an excel sheet to store informations regarding your crypto transactions for record keeping, you can make use of this format given below:

                             
                   Savings.          Investment

1. Date
2. Start up capital
3. Amount invested
4. Description of investment
5. Cash out and date
6. Reason for Cash out
7. Others

Most companies and institution adopt inventory (record keeping) for future references and it helps take measure to be responsible for every activities carried out.

[batang_bitcoin]

The pandemic period is not over yet, new variants keep appearing so many types of businesses have not been able to rise, in my country unemployment has increased dramatically so I have to be creative to manage my finances so I can survive because of the increasing inflation rate, of course the best thing is to invest and cryptocurrencies are an alternative right.

It's one of the best ways but there can also be the other investment types. As long as you know what investment fits you and you understand how it goes, that's much better.
We have to plan well for this year because we don't know if there will be stronger variants and if there will be more implementation and coming back to lock downs.

[Congyang]

The pandemic period is not over yet, new variants keep appearing so many types of businesses have not been able to rise, in my country unemployment has increased dramatically so I have to be creative to manage my finances so I can survive because of the increasing inflation rate, of course the best thing is to invest and cryptocurrencies are an alternative right.

Crypto could really be a viable option but you should mind off that there are also other things or options which you could take to make at least you do have lots of options to take rather than on focusing on single option.

Of course we should really do all sorts of things for us to survive and its relevant to make out some savings so that whenever you do end up on having no work or other source of income
then you do at least able to survive this problem.

If you don't prepare up on things then you would be fucked up later on.

That's right, Crypto is still an option in this case but of course things like this need at least learning and knowledge so that at least we don't get caught up in crypto. During this pandemic, we can't deny that so many people are getting into crypto because this is an option to make real profits.
but they are not aware and just want instant here which makes them trapped in something wrong and not a bit of a scam just because they want something instant.
Being in crypto is not as easy as you think, at least we need literacy to make us more aware and able to take advantage of the opportunities here

[dunfida]

The pandemic period is not over yet, new variants keep appearing so many types of businesses have not been able to rise, in my country unemployment has increased dramatically so I have to be creative to manage my finances so I can survive because of the increasing inflation rate, of course the best thing is to invest and cryptocurrencies are an alternative right.

Crypto could really be a viable option but you should mind off that there are also other things or options which you could take to make at least you do have lots of options to take rather than on focusing on single option.

Of course we should really do all sorts of things for us to survive and its relevant to make out some savings so that whenever you do end up on having no work or other source of income
then you do at least able to survive this problem.

If you don't prepare up on things then you would be fucked up later on.

That's right, Crypto is still an option in this case but of course things like this need at least learning and knowledge so that at least we don't get caught up in crypto. During this pandemic, we can't deny that so many people are getting into crypto because this is an option to make real profits.
but they are not aware and just want instant here which makes them trapped in something wrong and not a bit of a scam just because they want something instant.
Being in crypto is not as easy as you think, at least we need literacy to make us more aware and able to take advantage of the opportunities here

Just needing some common sense on which you would really need to learn it first before tending to jump in to the bandwagon because this is new but doesnt mean that you wouldnt really make out some research.

Be aware on what you are dealing with and if you do see that there's a potential which could help you out on at least improving your life then it would really be just normal for someone to make out such
action and this is what i have done when im just starting into this market.It does involved lots of time and effort though but once you do have a good grasps then you would really see
its benefits later on.

[Tellek Garing]

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 a 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.

Because of the high risk of cryptocurrency investment altcoin have become the riskiest investment option as most of them are just pump and dump coins and if you don't know how to follow their market wave one can end up losing everything, but again, building a good portfolio with quality and more stable coins will guarantee a good return on the long run.
But the fact should that holding Bitcoin and ethereum may give stable and steady profits compared to holding highly volatile assets.

[beezee]

The plan I will do in 2022 is to save as much bitcoin as possible and then sell it when the price soars. And I will save it in all crypto tokens but I'll keep an eye on it In order to stay profitable, but still be careful too... because my plan is a little dangerous if all of that is not monitored.

[LastKiss]

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.

~snip

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.

Because of the high risk of cryptocurrency investment altcoin have become the riskiest investment option as most of them are just pump and dump coins and if you don't know how to follow their market wave one can end up losing everything, but again, building a good portfolio with quality and more stable coins will guarantee a good return on the long run.
But the fact should that holding Bitcoin and ethereum may give stable and steady profits compared to holding highly volatile assets.

A lot of people join investments in cryptocurrencies because many people share about instant rich or instant profits, they invest without any proper education rather than make it a stable investment they make it like a gamble. They should know the volatility in the crypto market but that doesn't mean the money they invest is gone although they sell it at a lower price. Keep calm and buy the dip

[Oshosondy]

Most of us would be looking for 10-100x returns thats why they do really intent out to deal with low caps or shit coins in short because they've been hoping for that probability.
Sounds dumb but even myself do really consider out on accumulation but of course you would need to find the best one and wont tend to make out some actions
without any basis or even thinking up because it would really be that risky on doing so.

I remember bitcoin made it up to 10x and more in 2020 to 2021. When bitcoin price falled in 2020 massively, people that invested and that cash out when the price reach $63000 this year will make almost 20x.

Some people believe in low cap coins, they invest but they are now losing. I have heard about many people telling why they follow altcoins and altcoins failed them. But many altcoins lose massively in 2021 but some are just shit coins.

Proper research can help, have more than one coins will help, but we should be careful. See EOS, proper research in 2019 and early 2020 will suggest people to invest in EOS but not a good coin that brought good return in the massive price rise of 2020 and 2021. Good research may not help in few cases.

[Congyang]

That's right, Crypto is still an option in this case but of course things like this need at least learning and knowledge so that at least we don't get caught up in crypto. During this pandemic, we can't deny that so many people are getting into crypto because this is an option to make real profits.
but they are not aware and just want instant here which makes them trapped in something wrong and not a bit of a scam just because they want something instant.
Being in crypto is not as easy as you think, at least we need literacy to make us more aware and able to take advantage of the opportunities here

Just needing some common sense on which you would really need to learn it first before tending to jump in to the bandwagon because this is new but doesnt mean that you wouldnt really make out some research.

Be aware on what you are dealing with and if you do see that there's a potential which could help you out on at least improving your life then it would really be just normal for someone to make out such
action and this is what i have done when im just starting into this market.It does involved lots of time and effort though but once you do have a good grasps then you would really see
its benefits later on.

well this is the point.
because there is a cause and effect and indeed when we do something good then the result will be good and vice versa.
learning is very important because indeed by at least multiplying literacy at least we will become more understanding not only in crypto but in any case.
As for the benefits that we get from our understanding, it is the result we receive from the results of the learning we do

[molsewid]

A lot of people join investments in cryptocurrencies because many people share about instant rich or instant profits, they invest without any proper education rather than make it a stable investment they make it like a gamble. They should know the volatility in the crypto market but that doesn't mean the money they invest is gone although they sell it at a lower price. Keep calm and buy the dip

That's the common reason I know from many newbies in crypto today is because of the instant profit, high profit that they have heard from other investors and traders. Well, actually I will not going to disagree with it because earning a high profit in crypto is very much possible but also losing it instantly is also very much possible if we don't have enough knowledge on how to deal with it. Most of them are being attracted by the hype which they don't know the principle of crypto, the volatility and the high risk of crypto.

[SirLancelot]

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.

I like this your plans but I will help you with few analysis and I believe it will help you to adjust some of them. First the fact that you are penning them down is a fantastic idea, once it is in the head it always end in the head, setting an amount is also cool, diversifying is also a great idea but saying you will take less risk will me you have high chance of not even doing well like you did last year. I guess what should be there should be taking more calculated risk and not just any risk.

[Shasha80]

A lot of people join investments in cryptocurrencies because many people share about instant rich or instant profits, they invest without any proper education rather than make it a stable investment they make it like a gamble. They should know the volatility in the crypto market but that doesn't mean the money they invest is gone although they sell it at a lower price. Keep calm and buy the dip

That's the common reason I know from many newbies in crypto today is because of the instant profit, high profit that they have heard from other investors and traders. Well, actually I will not going to disagree with it because earning a high profit in crypto is very much possible but also losing it instantly is also very much possible if we don't have enough knowledge on how to deal with it. Most of them are being attracted by the hype which they don't know the principle of crypto, the volatility and the high risk of crypto.

Because most newbies make decisions based on other people's opinions,  that's what finally makes a lot of newbies misunderstand crypto
and make them suffer losses. They think crypto can give instant profit, but in reality, to be able to make big profits in crypto, need a long process.
The conclusion is that before deciding to invest in crypto, it is better to learn about the crypto world first. So we understand how crypto works,
that way we can make plan or strategy that we think can make a profit. Without knowledge investing in crypto is just a waste of money,
because the risk of investing in crypto is very large. We have to do research and analysis ourselves, to be able to make the right decisions,
so the opportunity to generate profits is much greater.

[Oilacris]

A lot of people join investments in cryptocurrencies because many people share about instant rich or instant profits, they invest without any proper education rather than make it a stable investment they make it like a gamble. They should know the volatility in the crypto market but that doesn't mean the money they invest is gone although they sell it at a lower price. Keep calm and buy the dip

That's the common reason I know from many newbies in crypto today is because of the instant profit, high profit that they have heard from other investors and traders. Well, actually I will not going to disagree with it because earning a high profit in crypto is very much possible but also losing it instantly is also very much possible if we don't have enough knowledge on how to deal with it. Most of them are being attracted by the hype which they don't know the principle of crypto, the volatility and the high risk of crypto.

Once they do experience on being fucked up then this is the time that they would really learn for themselves on how reality works on this crypto space.Even myself when im still a noob does have this kind

of behavior or beliefs in mind which i wouldnt deny and for sure most people does have the same since we do start on being a newbie and when you do saw someone who do flex out some good earning

then that greed of yours inside will definitely poked up and thats the time you would be molding up different bad impressions.

[Alisha-k]

Do not take less risk OP, you may end up in the same situation you're trying to avoid, instead of taking less risk I suggest you take strategic and calculated risk, that'll be a better option.
And yeah, your plans are great, I just hope you're able to actualise them.

[doomloop]

Do not take less risk OP, you may end up in the same situation you're trying to avoid, instead of taking less risk I suggest you take strategic and calculated risk, that'll be a better option.
And yeah, your plans are great, I just hope you're able to actualise them.

Maybe he already took a lot of risk last year and got more losses but learned something from that and now he builds up a plan to not repeat the same mistakes again. Taking less risk can lead to lesser gains but that is what he wants, he wants to be stable as much as possible.

2021 has been a tough year to all of us and mostly to me of course. There were lots of problems that came and it drained me not only financially but emotionally and physically as well. Let's just hope that 2022 is a different one and if possible let us follow what the op is doing, do not just invest right away onto some thing but pause and make a plan first.