Website Hosting for Just 20 ForumCoin ~ Advertise on ForumCoin
Share your Money Tips here.

Three Points for Saving on Cryptocurrency Investments

Postby Yugocean » 20 Oct 2022, 06:21

Cryptocurrency is a reality of today's era. A lot of time is invested in it so that it can be useful in future emergencies. But while investing in it, you have to keep three points in mind.

1) Long Term Investment : You have to make this investment for the long term, so its effect will be for a few years. Avoid panic sales during this time. For example, those who invested in BTC in the past 10 years have seen their investment multiplied hundreds of times in this bear market.

2) Investment is in crypto, not in centralised platforms:- You have made this investment to increase savings, not to take interest by increasing liquidity of any crypto platform, so keep it in your own wallet where you own keys. For example, those who put their trust in Celsius, etc., they are done. Those who keep it in their wallet are the owners of the assets.

3) Don't trade savings : You have invested for savings. You are not a trader. Do not trade with anything on any exchange; let the investment that has been made complete its term. For example, those who traded their bitcoins (then $6k) for DASH (then $300) in the interest of trade lost. Bitcoin is still over three times that value today, but Dash is not even 50 dollars.
  • 0

User avatar
Yugocean
 
Posts: 17,760
Referrals: 1
ForumCoin: 3,235

Re: Three Points for Saving on Cryptocurrency Investments

Postby oldbuddy » 23 Oct 2022, 03:52

Yugocean wrote:Cryptocurrency is a reality of today's era. A lot of time is invested in it so that it can be useful in future emergencies. But while investing in it, you have to keep three points in mind.

1) Long Term Investment : You have to make this investment for the long term, so its effect will be for a few years. Avoid panic sales during this time. For example, those who invested in BTC in the past 10 years have seen their investment multiplied hundreds of times in this bear market.

2) Investment is in crypto, not in centralised platforms:- You have made this investment to increase savings, not to take interest by increasing liquidity of any crypto platform, so keep it in your own wallet where you own keys. For example, those who put their trust in Celsius, etc., they are done. Those who keep it in their wallet are the owners of the assets.

3) Don't trade savings : You have invested for savings. You are not a trader. Do not trade with anything on any exchange; let the investment that has been made complete its term. For example, those who traded their bitcoins (then $6k) for DASH (then $300) in the interest of trade lost. Bitcoin is still over three times that value today, but Dash is not even 50 dollars.

I save my crypto by buying FUN Tokens and locking them for 90 days at a fixed interest rate. When they mature I sell them for Bitcoin or lock them again.
  • 0

Working on a New Side-Hustle

Since age is no longer creeping up on me, but rushing in like an NFL ball carrier on 4th down from the 1 yard line. it's very simple.
My 1st success has been https://cashcowtraffic.com/?rid=1631
User avatar
oldbuddy
 
Posts: 10,991
Location: Portland, Oregon, USA
Referrals: 40
ForumCoin: 792

Re: Three Points for Saving on Cryptocurrency Investments

Postby Yugocean » 23 Oct 2022, 06:00

oldbuddy wrote:I save my crypto by buying FUN Tokens and locking them for 90 days at a fixed interest rate. When they mature I sell them for Bitcoin or lock them again.

Fun token a POS in your wallet?
Or you are taking risk with centralised platforms?
  • 0

User avatar
Yugocean
 
Posts: 17,760
Referrals: 1
ForumCoin: 3,235

Re: Three Points for Saving on Cryptocurrency Investments

Postby augusta » 24 Oct 2022, 03:15

yeah one can keep crytourrency as long term investments so you can save your money that way.
  • 0

User avatar
augusta
 
Posts: 20,569
ForumCoin: 36

Re: Three Points for Saving on Cryptocurrency Investments

Postby nela13 » 24 Oct 2022, 11:25

Despite I have been earning crypto, I still have a lot to learn about it, for now, I just keep my earnings in coinbase and I haven't cashed out from cointiply due to the interest that they pay every week.
  • 1

nela13
 
Posts: 24,860
Location: Portugal
Referrals: 4
ForumCoin: 514

Re: Three Points for Saving on Cryptocurrency Investments

Postby Yugocean » 28 Oct 2022, 07:56

nela13 wrote:Despite I have been earning crypto, I still have a lot to learn about it, for now, I just keep my earnings in coinbase and I haven't cashed out from cointiply due to the interest that they pay every week.

And that is the problem, intrest from cointiply is luring you; best is to move them to coinbase pro, exchange it for POS, transfer to your wallet, and stake there.
  • 0

User avatar
Yugocean
 
Posts: 17,760
Referrals: 1
ForumCoin: 3,235

Re: Three Points for Saving on Cryptocurrency Investments

Postby Treborika » 28 Oct 2022, 09:28

I am now being interested in crypto long term Investments
  • 0

Treborika
 
Posts: 3,679
Location: Mombasa Kenya
Referrals: 2
ForumCoin: 250

Re: Three Points for Saving on Cryptocurrency Investments

Postby Yugocean » 29 Oct 2022, 11:20

Treborika wrote:I am now being interested in crypto long term Investments

Did you planned which crypto to buy?
Market is still down, good time to buy
  • 0

User avatar
Yugocean
 
Posts: 17,760
Referrals: 1
ForumCoin: 3,235

Re: Three Points for Saving on Cryptocurrency Investments

Postby augusta » 03 Nov 2022, 05:38

it is long term for me. it will help one to save money in the long run and everything becomes perfect.
  • 0

User avatar
augusta
 
Posts: 20,569
ForumCoin: 36



Your Ad Here.

Return to 101 Money Tips - New



Who is online

Users browsing this forum: Claude [Bot] and 0 guests

Reputation System ©'