Fiat & Crypto - Effective Expert Advise

[NotATether]

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.

Why would you need to learn economics? Most of that has nothing to do with cryptocurrency, and concerns local & global markets instead.

I hear a lot of things along the lines of "cryptocurrency is risky". Yes, no-name, unknown cryptocurrencies are risky. If you buy one of the more well-known ones, you know exactly what you are going to get from it.

[martinex]

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.

The question is What influences demand and price and what should we do beforehand?

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.

It's also true that wild fluctuations eliminate the attractiveness of each asset but that will eventually normalize on its own as gas fees for BTC have risen quite a bit in the near future and today they have started to fall.

Yes. That's better. If we already have BTC, it's better to just hold on until the time comes to execute.

[icalical]

Reading the replies here make me confuse about what advice what are you looking for, but as I understand, you currently only get enough income to meet your needs, without any spare money to be invested in crypto. My only advice would only be to reduce your spending, and trying to get more income, either by doing side hustle or keep trying to get a new job with higher salary.

All that being said, I believe we always able to reduce our spending if we want to, even if you can only spare few bucks for crypto investment if you do it regularly with discipline, doing DCA, you will eventually can get some profit.

[angrybirdy]

Reading the replies here make me confuse about what advice what are you looking for, but as I understand, you currently only get enough income to meet your needs, without any spare money to be invested in crypto. My only advice would only be to reduce your spending, and trying to get more income, either by doing side hustle or keep trying to get a new job with higher salary.

All that being said, I believe we always able to reduce our spending if we want to, even if you can only spare few bucks for crypto investment if you do it regularly with discipline, doing DCA, you will eventually can get some profit.

As per OP, He/She seeks an advice for some individuals who generates enough income but want a financial stability in life, For me I will advice reduce spending too or seeks Alternatives in expenses like do not live within your means only if you have an exact monthly income, Try to save and have a self discipline in handling your finances, By that you can save some amount that may be use in investing in crypto. One way to become financially stable is to upgrade your skills and net worth or by having Multiple job or business.

[Z_MBFM]

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 am not sure of the reliability of some cryptocurrencies in the crypto industry but I can vouch for Bitcoin. My advice is that you consider buying Bitcoin using DCA and focus on keeping it not just for the halving but for a longer time. But for you to achieve this it is also important to make provisions for emergency funds to cover your expenses in times of uncertainties. Some hodlers sold off their Bitcoin prematurely due to uncertainties. Since you are an old-timer in the industry I guess you know about keeping funds safely in wallets. You also stated that you are versatile in other businesses so diversifying your investment to other sectors outside cryptocurrency could also be helpful.

Investing in Bitcoin following DCA is a very good strategy.  Many people invest a certain amount or a certain percentage of their salary in Bitcoin in a week or month and some also invest in altcoin because cryptocurrency can give us much higher profit than other assets. And while selling other assets may be a bit of a hassle, Bitcoin can be sold and cashed in just a few minutes, and an investor has complete control over Bitcoin. So there is no fear about its security. But for other assets, if someone is a victim of fraud, it is easy for him to take legal action and recover it, but this is not the case with Bitcoin. Here you have to invest at your own risk and give yourself full security. And once one somehow loses his bitcoins, it cannot be recovered. But Bitcoin hacking is rarely seen.

[3kpk3]

Buy low and sell high! That's the best advice anyone can give you when it comes to dealing with financial currencies like BTC op. However, buying low and selling high is easier said than done which is why it's a risky endeavour.

Crypto is not something that you would want to dabble with if you are looking for stability in life thanks to its extremely volatile nature.

[wxa7115]

Buy low and sell high! That's the best advice anyone can give you when it comes to dealing with financial currencies like BTC op. However, buying low and selling high is easier said than done which is why it's a risky endeavour.

Crypto is not something that you would want to dabble with if you are looking for stability in life thanks to its extremely volatile nature.

That is not really an advice as anyone that is going long on any asset plans and desires to do exactly that, but how can we achieve such a thing? How can we become good enough to actually become a profitable trader?

That is what very few people can do and even less people can actually explain clearly, whether this is because they are relying on their instincts as traders or because they do not really want to share that information is anyone’s guess.

[kingvirtus09]

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.

Anyone who plans to become a trader here in crypto trading must first identify whether he/she/you is a long-term or short-term trader. Now that you know that you belong to those two, the second step that must be taken is to know what crypto assets you will buy to do trading activity here.

You can only get different ideas from some here in the crypto community, but the final decision is still in your hands. So you should know what your real goal is here in the crypto space so that, in the end, you don't blame or think badly of Bitcoin or cryptocurrency.

[EarnOnVictor]

Buy low and sell high! That's the best advice anyone can give you when it comes to dealing with financial currencies like BTC op. However, buying low and selling high is easier said than done which is why it's a risky endeavour.

Crypto is not something that you would want to dabble with if you are looking for stability in life thanks to its extremely volatile nature.

That is not really an advice as anyone that is going long on any asset plans and desires to do exactly that, but how can we achieve such a thing? How can we become good enough to actually become a profitable trader?

That is what very few people can do and even less people can actually explain clearly, whether this is because they are relying on their instincts as traders or because they do not really want to share that information is anyone’s guess.

Lol...Buying low and Selling high have been the way of trading the financial market from its inception and this is what they brought into cryptocurrency as well, it works for those who could learn and fully understand how to trade rather than for those who just copy and paste what they read and hear. I see cryptocurrency as one of the easiest ways to earn money but you must first have the needed experience and know how to protect your portfolio, if not, you will lose thinking it's one strategy/approach that would solely help you, and people make this mistake a lot.

Besides, if someone tells you to buy the high and sell the low, can't you use some other measures to ascertain your decision? You can use overbought and oversold indicators in addition to that, while someone like me will even add breakout strategies to it. All these reduce the falseness of the condition and increase the reliability of the buy low and sell high strategy. You might also want to remove from your mind the mindset that there is a secret in trading that some people do not want to share, I thought that too, but there is no secret anywhere, your training and dedicated trading will only distinguish you. I only knew this when I started earning consistently after over a decade of losses.

[panganib999]

Well, since you've got enough salary to get by and probably penetrate the cryptocurrency industry. it's all a matter of wills at this point and not a matter of logistics.

If you're worried about not knowing how to put your money on the crypto industry, I suggest going back to basics and investing on a dollar-cost averaging mechanic with bitcoin. Why? Bitcoin's the most consistent and most reliable cryptocurrency on the market right now. You put your money on bitcoin, wait for a few years or months depending on when you placed your position, and watch as the money flows in when the bull run arrives. At this point, I'd say it's not a matter of if you can invest in bitcoin for many people, since we're already in a period where you can literally invest peanuts on bitcoin and be consistent with this investment, and you'd still have something to reap afterwards when the whole market rewards you with price increases.

[Bitcoin_people]

If you are running after a goal where you want to be financially independent in the future then definitely I would say you need adequate amount of funds. If you want to make an investment you need to have a lot of money only then you can invest good amount and earn money accordingly in future. If you are interested in investing the money you earn there from a job, I think it should be a long-term investment. If you want to be rich with the goal of living a nice life in the future then I think you don't need to check the price tag. rather you plan long term and try to hold it by investing. If you can invest long term then you can be successful and rich in time. Moreover, you should invest in Bitcoin and hold it securely and do not discuss or share your investment with anyone else. If you invest using good strategies and save for future, you can get double profit at one time for sure.

[martinex]

It is good that you have realized you need some other source of income than what you get as salary. Salary is what you get based on the work you do for your company or boss and you can be fired any day your boss woke up on the wrong side of the bed and by that time, your "enough salary" will be gone. In other words, no salary is enough because you are still under someone business.

So grow your own business. You already have crypto knowledge, focus on it. At the moment you have the opportunity to make more profit by DCA on bitcoin and wait for halving. I think that is what many hodlers are doing now until they are done with the upcoming bull run.

It is true that what you said is that salary conditions which are no longer in balance with the level of needs force us to look for a wise way out and I think we should not waste too much time experimenting in choosing because investing in BTC is a proven and more productive option and BTC is not have time to waste explaining other potential points that the naysayers may not understand.

[michellee]

If you still have a steady salary from your job, you should continue with it. You can also continue your investment in crypto and wait for the value of your investment to increase sharply. At least that's what people who also work in the real world like you still do.

They are still patiently waiting for crypto to turn around. Their patience will definitely yield good results. If you continue your investment in Bitcoin, you will see the value of that investment increase in the future. When you have achieved big profits, you can sell it, and at that time, you will have succeeded in achieving what you want.

You can use the DCA method as people do. You can work calmly without thinking about market movements. You can also invest a little from your salary. That is enough to be able to have financial stability in the future. But if you don't do something, nothing will change about your life in the future. What we do now will give results in the future. Don't give up on the situation.

[Renampun]

Comfort Weather to Everyone,

It has been a long time outside cryptocurrency forum world that I have been with/to, and here I am still looking for another Plan to achieve my Goal which is to have the Life of not checking the  "PRICE on the PRICE TAG".

I'm trying to learn all Trades just to discover what I am good at. Unfortunately, I can't say that I have Learned and Discover my expertise yet, what I do recognize is I am versatile in everything in any kinds of industry I have worked with.

my Pay Grade currently  is just  Enough for the Skills that I am executing (Exchange for Fiat).

However, I know the capability of cryptocurrency because it has Facts of its growing Value, way back let's say 2009 up to date. I have known Names - evidently showed Lifestyle change because of Crypto Savings.

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".


P.S. Bees don't waste their time explaining to flies that Honey is better than shit - theyoganists. credits to the Owner of this quote

Have you ever asked why the richest people in the world don't retire early when they already have billions of dollars in assets? they are not greedy or dissatisfied with their achievements, but they want to continue being productive until they die. If you are satisfied with the stable salary you have now, then you are making a big mistake, you have to be brave enough to take the risk of investing elsewhere, you have to try everything, especially investing in cryptocurrencies, especially Bitcoin, because you will never lose and experience a loss of value of the assets from your investment.

[DVlog]

Have you ever asked why the richest people in the world don't retire early when they already have billions of dollars in assets? they are not greedy or dissatisfied with their achievements, but they want to continue being productive until they die. If you are satisfied with the stable salary you have now, then you are making a big mistake, you have to be brave enough to take the risk of investing elsewhere, you have to try everything, especially investing in cryptocurrencies, especially Bitcoin, because you will never lose and experience a loss of value of the assets from your investment.

When you know the secret to making wealth it becomes an addiction for some people who just want to keep doing it. This is not only a business for them but also something they enjoy like we do on vacation. Being productive is not a fun part if you are struggling to earn your living. We all want a cozy life without any hassle of work every day. Still, business minded people keep doing their work despite the wealth they have which is enough for the rest of their lives. This becomes a game for them that they enjoy and want to do until their lives end.

[kingvirtus09]

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.

The learn and get knowledge depends on what you want to learn. If it's about bitcoin investment or cryptocurrency, it can be said that it's really good that you delve into it and find out why it's a good investment for the future.

And it's also really good that before investing, you should have knowledge about allocating your capital, because once you can decide, you know that 100% of the capital that you will use in the crypto assets that you will buy to hold for a long time will have a profit. -term.

[AnonBitCoiner]

The learn and get knowledge depends on what you want to learn. If it's about bitcoin investment or cryptocurrency, it can be said that it's really good that you delve into it and find out why it's a good investment for the future.

And it's also really good that before investing, you should have knowledge about allocating your capital, because once you can decide, you know that 100% of the capital that you will use in the crypto assets that you will buy to hold for a long time will have a profit. -term.

Knowledge and learning is important for each type of business whether it is a cryptocurrency or sometimes else because without knowledge I don't think anyone will get positive results from their investment. Although cryptocurrency business requires more knowledge than any other business but knowledge in must in every field.

One should not use 100% of his budget in cryptocurrency because you will need it for something but unfortunately you will have no money therefore taking out your money from crypto investment before arising of of better timing then it is not suitable for you. I think little but extra money is a good option as it does not make you distress when you need money urgently otherwise you will not be able to fulfil your personal requirements.

[leonair]

Have you ever asked why the richest people in the world don't retire early when they already have billions of dollars in assets? they are not greedy or dissatisfied with their achievements, but they want to continue being productive until they die. If you are satisfied with the stable salary you have now, then you are making a big mistake, you have to be brave enough to take the risk of investing elsewhere, you have to try everything, especially investing in cryptocurrencies, especially Bitcoin, because you will never lose and experience a loss of value of the assets from your investment.

When you know the secret to making wealth it becomes an addiction for some people who just want to keep doing it. This is not only a business for them but also something they enjoy like we do on vacation. Being productive is not a fun part if you are struggling to earn your living. We all want a cozy life without any hassle of work every day. Still, business minded people keep doing their work despite the wealth they have which is enough for the rest of their lives. This becomes a game for them that they enjoy and want to do until their lives end.

For those who want to live a lazy life and earn money at leisure without doing any work, investing is the way to go. Among them, safe investment is investment in fiat money bank. And there are many other ways to earn a good profit by investing in Bitcoin. But there will be a risk here. Because the price of Bitcoin is not stable and its price does not only rise but suddenly its price falls drastically. But those who can be patient during these declines and hold them long term without panicking can reap a good profit from Bitcoin. So it depends on who is able to invest with risk taking.