Quote from: qwertyup23 on February 03, 2021, 09:29:50 AM

Quote from: digifinex.official on January 13, 2021, 09:37:51 AM

Starting out with cash..? Does journaling truly help ?

Remember if you are short-trading, avoid being greedy too much. In addition, even if you have the power to initiate your trades, DO NOT forget to remain 10% of your profits overtime. Imagine, you just set aside let's say around 100$/week, by the time you retire, you would be able to enjoy those winnings in the LONG-TERM.

In short, don't be afraid to cash out your profits. Even if garnering a profit in trading may be relatively difficult, avoid being greedy and as soon as you profit, decide on whether to cash it out or not. Be ready, however, you will be facing lots of mistakes and learnings along the way.

100 dollars per month until you retire is not enough money, but 100 dollars into bitcoin until you retire would make a huge difference, people should know their difference as well. If you invest 100 dollars into your bank account that would be 1200 dollars in one year, 12000 dollars in 10 years and 36000 dollars in 30 years which should be enough for you to retire unless you are a teenager, even in 50 years it is only 60000 dollars.

However if you invest that into bitcoin, and maybe a bit of altcoins as well, that could do 10x in 30 years and in 30 years you would have 360k instead of 36k that would be huge difference. Is it enough to retire? Depends on where you live but definitely good enough to live a decent life without ever working again even if you do not get interest rate from it.