Fiat & Crypto - Effective Expert Advise

[gunhell16]

I'm not an expert in this industry; I just know something that can be considered in cryptocurrency anyway. Maybe what I can tell you is that you should continue "Do your own research."

Because you know that scams and fraudulent schemes still exist in these things, the second is to choose a long-term investment because you also know that cryptocurrency is very volatile in the market. The third is don't just stick to one crypto asset; you should try to look around for other cryptos that also have the potential to keep up with Bitcoin when it rallies, like ETH and BnB, and this is where the DYOR dude comes in.

[AmoreJaz]

I'm not an expert in this industry; I just know something that can be considered in cryptocurrency anyway. Maybe what I can tell you is that you should continue "Do your own research."

Because you know that scams and fraudulent schemes still exist in these things, the second is to choose a long-term investment because you also know that cryptocurrency is very volatile in the market. The third is don't just stick to one crypto asset; you should try to look around for other cryptos that also have the potential to keep up with Bitcoin when it rallies, like ETH and BnB, and this is where the DYOR dude comes in.

in every investment, you always need to do your own study and not just rely from someone else's opinion. because learning on your own will give you better insights on a particular subject. it will also give you a hint if your investment is going in the positive direction or not.
as we have seen throughout the years, thousands of alts have been created, and yet only few survive and still trading in the market. some may give you profits but more then likely it is only for short-term. discard as soon as you can get profit as they will disappear without a warning.

[bettercrypto]

I'm not an expert in this industry; I just know something that can be considered in cryptocurrency anyway. Maybe what I can tell you is that you should continue "Do your own research."

Because you know that scams and fraudulent schemes still exist in these things, the second is to choose a long-term investment because you also know that cryptocurrency is very volatile in the market. The third is don't just stick to one crypto asset; you should try to look around for other cryptos that also have the potential to keep up with Bitcoin when it rallies, like ETH and BnB, and this is where the DYOR dude comes in.

in every investment, you always need to do your own study and not just rely from someone else's opinion. because learning on your own will give you better insights on a particular subject. it will also give you a hint if your investment is going in the positive direction or not.
as we have seen throughout the years, thousands of alts have been created, and yet only few survive and still trading in the market. some may give you profits but more then likely it is only for short-term. discard as soon as you can get profit as they will disappear without a warning.

Perhaps another approach would be to consider anything that can generate cryptocurrencies in order to generate passive income. This is a good example of earning crypto assets, just as staking, yield farming, or P2P, as long as you can produce cryptocurrency profit.

Alternatively, we might diversify our revenue sources by using cryptocurrencies. Because by doing so, financial instability can be improved and risk can be mitigated.

[Out of mind]

✂️✂️

Before coming to crypto space, I tried many types of business to grow money but didn't get much profit. But I worked hard and earned money, but still I was unable to increase the money from there in my daily life. I have seen that investing in fiat currency is not very profitable but investing in virtual currency is very profitable. Many people have shared their experiences here on how they made money by buying bitcoins and making mistakes for a long time and then doubling their profits later. Accordingly, I think that if someone buys and holds bitcoins it will give him a lot of profit which fiat currency cannot give if he holds it for years. So I think it is possible to make a lot of money by investing in bitcoins, but it must be long-term as short-term investments do not yield that much profit. Short term investment is always risky, so it is better to invest in long term virtual currency, which gives double profit compared to real currency.

[Bushdark]

I'm not an expert in this industry; I just know something that can be considered in cryptocurrency anyway. Maybe what I can tell you is that you should continue "Do your own research."

Because you know that scams and fraudulent schemes still exist in these things, the second is to choose a long-term investment because you also know that cryptocurrency is very volatile in the market. The third is don't just stick to one crypto asset; you should try to look around for other cryptos that also have the potential to keep up with Bitcoin when it rallies, like ETH and BnB, and this is where the DYOR dude comes in.

In any investment we are putting our Money, we need to make sure that we don't some research whether it isncrypt7or fiat. When it comes to investment, there are some project or investment that would tend to give us good profits but all we have to do is to learn it very well and utilize the skill we have learnt into it to make more money from it. Just like we do see some cryptocurrency traders that had been in the market for a very long time, they have took there time to learn and understand the market and when it comes to making profits, they are in for it.

[Marvell1]

If you have invested in bitcoin, you don't need to invest in altcoins for diversification and it is not called portfolio diversification to minimize risk because it is all crypto, and all are dependent on bitcoin. If bitcoin collapses, there will be no altcoins that can continue to exist to minimize your risk. Diversification is when we invest in unrelated assets such as gold, real estate...But is diversification really necessary when our capital is so small? Why don't we focus on a single investment to get maximum returns?

Personally, for me, I can say that altcoin is a game, and investing in it is based on an individual's decision to choose if they can play the game because it's either a win or a loss; nothing is certain. Some people invest in altcoins, and they get lucky along the line to make a profit from the altcoin they invested in; meanwhile, they still invest in bitcoin too. Investing in altcoin might not really be bad for an experienced crypto expert who knows the ins and outs of the market. Definitely, they can be able to handle the risk and also know when to sell the tokens when the price is dumping, but for newbies in the crypto space, altcoin is something they need to avoid until they become more knowledgeable about crypto.

I don't hate anyone who invests in altcoins because it's their choice and I'm also not saying don't invest in altcoins. What I just want to say is that investing in altcoins should not be considered diversification if someone wants to reduce the risk of their portfolio. As I also said, the entire market depends on bitcoin, so how can it be said that investing in altcoins is diversification?

Regarding investing in altcoins, anyone can invest in altcoins as long as they know what they are doing and know the risks they are taking. The higher the risk, the higher the profit, and it's worth a try for the brave.

[arimamib]

I'm not an expert in this industry; I just know something that can be considered in cryptocurrency anyway. Maybe what I can tell you is that you should continue "Do your own research."

Because you know that scams and fraudulent schemes still exist in these things, the second is to choose a long-term investment because you also know that cryptocurrency is very volatile in the market. The third is don't just stick to one crypto asset; you should try to look around for other cryptos that also have the potential to keep up with Bitcoin when it rallies, like ETH and BnB, and this is where the DYOR dude comes in.

in every investment, you always need to do your own study and not just rely from someone else's opinion. because learning on your own will give you better insights on a particular subject. it will also give you a hint if your investment is going in the positive direction or not.
as we have seen throughout the years, thousands of alts have been created, and yet only few survive and still trading in the market. some may give you profits but more then likely it is only for short-term. discard as soon as you can get profit as they will disappear without a warning.

business, especially investment, is something you need to do on your own will and knowledge, because it contains risks for your life to afford that you can't blame others if you fail. when you start an investment or a business, that means you have passed the phase of learning, you are entering the phase of real life.

the high risk high reward investment in cryptocurrency is something that you need to have high confidence to start. beside you need to know the insights of the subject, you also need to have learned from others' experiences, because this investment keeps on evolving years after years. cryptocurrencies business also plays with psychology aspect that you can't get it just by learning from informations you read.

[Dr.Bitcoin_Strange]

Regarding investing in altcoins, anyone can invest in altcoins as long as they know what they are doing and know the risks they are taking. The higher the risk, the higher the profit, and it's worth a try for the brave.

Yes, you are right. Oftentimes, when I make some kind of criticism about altcoin, I usually have a few people attacking me, but yeah, I am just saying what I have realized that altcoin is all about. I am not criticizing anyone investing in altcoins, but what I mostly criticize is the pump-and-dump characteristics of those altcoins, which don't have any period or season, and also the fact that those projects normally have one problem or another. As a matter of fact, I have also invested in some altcoins in the past. Even though I want to invest in altcoins now, I can because I already know the risk involved, and I will equally make up my mind that if I lose my money in the process of investing in an altcoin, then I will not feel regret. Marvell1, I get your point.

[Marvell1]

Regarding investing in altcoins, anyone can invest in altcoins as long as they know what they are doing and know the risks they are taking. The higher the risk, the higher the profit, and it's worth a try for the brave.

Yes, you are right. Oftentimes, when I make some kind of criticism about altcoin, I usually have a few people attacking me, but yeah, I am just saying what I have realized that altcoin is all about. I am not criticizing anyone investing in altcoins, but what I mostly criticize is the pump-and-dump characteristics of those altcoins, which don't have any period or season, and also the fact that those projects normally have one problem or another. As a matter of fact, I have also invested in some altcoins in the past. Even though I want to invest in altcoins now, I can because I already know the risk involved, and I will equally make up my mind that if I lose my money in the process of investing in an altcoin, then I will not feel regret. Marvell1, I get your point.

Who attacked you? You are investing with your own money and you are just giving your thoughts about the market, no one has the right to attack or criticize you because they are nobody. We are simply sharing investment experiences with each other. If we do not have the same opinion, we should stop discussing, there is no reason to attack each other. No one has the right to criticize anyone, because they are not necessarily better than us, they are not our parents. I always think we are here to help each other make money, not here to prove who is right and who is wrong.

[wxa7115]

business, especially investment, is something you need to do on your own will and knowledge, because it contains risks for your life to afford that you can't blame others if you fail. when you start an investment or a business, that means you have passed the phase of learning, you are entering the phase of real life.

the high risk high reward investment in cryptocurrency is something that you need to have high confidence to start. beside you need to know the insights of the subject, you also need to have learned from others' experiences, because this investment keeps on evolving years after years. cryptocurrencies business also plays with psychology aspect that you can't get it just by learning from informations you read.

Learning on the job is very common these days, but there are many occupations in which this is not possible or at least it should be discouraged, and a job like trading is the wrong place to try to do this.

Because the risks are simply too high and the level of competition is very high, to the point a newbie trader often losses all their money in just a matter of months, so anyone that dreams with making money out of the markets and sustain themselves in that way needs to become skilled traders before they risk a single dollar in this market.

[Vishnu.Reang]

People who don't have patience then I would like to say one thing to them that they need to stay away from crypto investment. You cannot become millionaire within month or year. You have to stay calm in market's ups and downs. Most of the traders thought that they will get very good return in short term without doing anything. A short term investment is really not worth in this field. Before invest in such things first of all you need to prepare mentally for lose as well. Make sure that you have you have enough financial resources, never depend upon crypto only.

[EarnOnVictor]

So In conclusion, I respectfully ask "what is your Effective Expert Advise for a Person (me) that has enough Salary but still want more Financial Stability using cryptocurrency".

No salary is enough, it's in the future after retirement you will understand this most important if you are such that likes to enjoy the good things in life. However, it's an opportunity for you to earn more and use the good salary to your advantage as the money invested is not a waste, this is particularly if invested rightly and wisely.

I believe the job that is earning you that big salary will surely be demanding as well, nothing goes for free. This is why I know that you might not be able to get involved in some direct businesses, yet, the following should do well to help you earn more;

1. Investment in Cryptocurrency
2. Land and Real estate
3. Treasury Bills and Government securities
4. Partnering companies with a guaranteed annual percentage return
5. Buying of Shares
6. Oil & Gold ETFs

By the way, this is general advice, DYOR and be sure to learn what you committing your asset to. As you can see, these are both online and offline dealings and this is how best the investment life of everyone should be, you mix them in case.

Specifically on Cryptocurrency as you requested, invest in Bitcoin and some alternative coins too. A bull run is coming where multiple earnings on crypto investments would be made, so you might want to get started now. But please, read your eyes on cryptocurrency before you commit your money. You might want to read for;

1. The best wallets
2. Payments (Buy & Sell)
3. Privacy and Security.

[bestcoins1]

Perhaps another approach would be to consider anything that can generate cryptocurrencies in order to generate passive income. This is a good example of earning crypto assets, just as staking, yield farming, or P2P, as long as you can produce cryptocurrency profit.

Some of the approaches you have mentioned really need to be tasted or experienced by cryptocurrency lovers in various regions. Because some of the things you mentioned are often intended to generate profits, so they need to be approached and studied in order to get passive income. However, I personally still like trading on the stock exchange even though I also like staking, I just don't really care about staking because I still prefer to use capital for trading.

Alternatively, we might diversify our revenue sources by using cryptocurrencies. Because by doing so, financial instability can be improved and risk can be mitigated.

There are indeed many alternative jobs, but sometimes not everyone has the time to do them so there are many people who still focus on their main job to continue earning money passively even though the amount is not always the same every month. And regarding risk is something that must be faced by everyone who wants to develop in their life because risk cannot be avoided in every job except by fighting it. We can also see how the lives of people who don't want to face risks develop, where they will only enjoy what they already have without getting anything through newer things in their lives.

[benalexis12]

Once you start learning about this cryptocurrency, continue and don't stop, because as you learn about it, you will discover even more the deep concept that it can contribute to and help every individual who enters this industry.

This is also an important thing to research first. This is also the beauty of the fact that it is not necessary to take out money immediately, and no one dictates to us that this is the amount of money we should take out; there is no such thing; instead, we ourselves decide what we want to do here in the crypto business.

[Aanuoluwatofunmi]

Why should i think about going for fiat when I know that bitcoin is available for use, I may not go that far in taking risk with any altcoin i don't know much about, but bitcoin is far profitable to Invest and hold than fiat currency, there are multiple ways or means we can make use  of cryptocurrency to help us achieve some of our financial goals and investment plans for profitable achievements while we may not get any of these from using fiat currency.

[Negotiation]

Learning about crypto is really good if you do proper market research and investment will bring good results. Crypto market is not stable but long term investment will give good profit if you just wait patiently. Cryptocurrency is a decentralized virtual transaction currency that can be used to purchase goods and services an alternative form of fiat currency. These currencies are unregulated and hence people trade them for profit the price depends a lot on the market demand it is volatile and as with any stock market trading market conditions it is better to have crypto as well as other alternatives.

[Promocodeudo]

Both fiat and crypto are good because both of them have their functions and individuals choose either based on the solution they can give individually, unless your are talking in terms of value, yes, crypto has more value than our usual fiat because the price can rise most times without obstruction, it can also drop drastically without any sign of such event occurring, but the truth is, it has not been made to be physical, so for anyone to make use of it, he or she must change it, unless in the case of firms that accept it as a means of payment, but I must tell you that, in terms of value, it is only bitcoin that has more value than any of this crypto.
Have we forgotten that we can still invest with money, what about real estate and other things that are profit-oriented, individuals should be left to decide what they actually want.

[Crypto Library]

So In conclusion, I respectfully ask "what is your Effective Expert Advise for a Person (me) that has enough Salary but still want more Financial Stability using cryptocurrency".

I wouldn't say that I'm an expert on the economics of cryptocurrencies or fiat currencies. However, what I have learned from being involved with crypto currency over the past few years is that investing here is very risky unless you know the right way to invest. Now to know the right path, you need to know how much your ability is, you have to invest depending on your ability, it can be long-term investment or a short-term investment.
Your situation is very similar to mine. I myself do not know much about cryptocurrency trading. I have tried short-term trading several times but I have faced loss due to my lack of knowledge about technical analysis. So currently I have thought of long term investment and yes of course it is Bitcoin. I will also tell you that if you have a stable income, separate a percentage from it every month or every week and invest in Bitcoin for a long time using the DCA method. Here you will have less risk and more security

[ancafe]

Learning on the job is very common these days, but there are many occupations in which this is not possible or at least it should be discouraged, and a job like trading is the wrong place to try to do this.

Because the risks are simply too high and the level of competition is very high, to the point a newbie trader often losses all their money in just a matter of months, so anyone that dreams with making money out of the markets and sustain themselves in that way needs to become skilled traders before they risk a single dollar in this market.

It's not so bad if one knows how to do it and there are some difficulties for newcomers if they want to get involved in trading. But if we never try then we will never know how to start and from there we can learn to correct some basic mistakes. There are several possible ways one can go about it when one decides to trade, by taking a responsible trading approach and after learning some technical things perhaps one can try small amounts first in practicing one's trading skills.

Dealing with risk issues is important because if someone cannot make decisions it will affect them psychologically and in the end they will face unavoidable losses. Skills will be formed when someone has learned the basics of trading and experience is a path that can lead someone to make responsible trading decisions.

[God bless u]

Yes everyone should first learn and get knowledge and if someone get knowledge and then stop to learn then he will not be able to take knowledge because new things are introducing in crypto space so always continue to learn as knowledge cannot be completed ever. Sharing knowledge is also very crucial because at some point other will take help from it or at some point you will correct your knowledge as it is not necessary that what you have learned will always be accurate.

Those who make investment have no need to take out money quickly because anytime the market can go higher but those who are trading will make an immediate decision. Don't forget that beside bitcoin there is no more acceptable and successful coin and in strategies there is no other better strategy than having a patience during harsh situations.