Post
Topic
Board Economics
Re: Digital asset is for holding
by
Emitdama
on 18/01/2022, 21:56:01 UTC
Aside from equipping yourself knowledge and skills necessary for investment, it is also needed to assess yourself how long you are planning to hold and wait for your funds to mature. It is really necessary to ask yourself this thing because it could define how would your investment run the moment you decided to dive into it. Some prefer to hold for the short term only as they have limited resources and have the time to manage and monitor their funds. These people who prefer this kind of short term investment have the skills needed in order for their money to cycle up in most possible ways. Some just like to have and receive their profit easily and then repeat the flow to generate income. This is a good thing especially if you have minimal starting capital.
Predicting how long you could realistically stay in the crypto investment world is the first thing you could do, secondly how much you could put in there each month. I have done this long time ago and it has changed the way I invest and make money. I have to say, it is not making me super rich of course because I am not rich and I can't put that much money into crypto all the time, but it has allowed me to have a much better % than I ever had before.

Literally just these 2 things, knowing how long I can hold it, and knowing how much I can put in each month. Americans like to fill their 401k, Europeans like to do something else, every nation has their monthly retirement fund type of deal, whereas not many people think of bitcoin that way. Imagine putting just 10% of your salary into crypto each month, you would have been wealthy by now. I am hoping to be one in 10-20 years thanks to this method.