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now understand cryptocurrency thanks to Binance
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Mart25
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#MY 2025 BINANCE SAVING GOALS #$ Setting a saving goal for a year on Binance platform involve various strategies and considerations based on one’s personal financial situation, investment objectives, and risk tolerance. After carefully consideration of my own financial situation, investment objectives and my risk tolerance level. This is how I have set out my Binance savings goals for the year 2025. 1. Goal: Save and grow a total of 1,600 USDT by the end of 2025. 2. Period: January 1, 2025 - December 31, 2025 3. Time Horizon: 1 year 4. Current Amount: 400 USDT 5. Monthly Saving Amount: 100 USDT Total Duration: 12 months Monthly Contribution: To reach 1200 USDT in savings by the end of 2025, excluding current principal of 400 USDT and investment growth. 6. Investment Strategy: I will rely on USDT and a mix of cryptocurrencies such as BNB, BTC and ETH, for potential growth. Specific Allocation: 80% in Binance coin for stability and for long-term growth 20% in high-potential altcoins or decentralized finance (DeFi) projects. Investing in stablecoins may not yield significant returns, but it provides a safety net. I will use Binance earning products like staking or savings) to generate additional income on my stablecoin holdings. 7. Tracking Progress: I will set up a spreadsheet to track my monthly contributions, investment growth, and overall progress towards my goal. I will re-assess my investment strategy every 4 months to adapt to market changes or personal circumstances. 8. Risk Management: I will be guided by current data where the need be to diversify my investment portfolio to mitigate risks.
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