SASC01KA3 || Take advantage of your youth, it allows you to take more risks
When it comes to important goals, becoming rich is still a state of mind that leads one to manifest it internally and externally. Wealth is not happiness but it does contribute. Whether trading 💹 or investing 📊 in assets, the learning curve should always be considered; they say that what is well learned is never forgotten. By taking opportunities now when your mental capacity is more malleable and receptive, you will be able to apply more possibilities to do things that may be more challenging later on. 🧠 🌩
Always have a watchlist. The answer will always be to bet on the player on your list who has the most potential in a certain period of time. Injecting 💉 capital into an investment is not the same as injecting capital into a trading opportunity. These are great times for investing as everything is cheap compared to months like May, when everything was green in my investments. Now it seems like I have to hit the sell button quickly in order not to lose what I have left.
Whether it's trading 📈📉 or investing 📊💹, I always make sure to check the markets on my two favorite tools, Binance and CoinMarket. If it is for trading, I often opt for assets that I already know such as $WIF $TRU $COS but that does not prevent me from reviewing other assets that have potential, as recently happened to me with ICP and AKRO. I checked that the assets had an annual and historical potential for interesting ups and downs and with a capital gain that was worth my time and money.
SASC01KA1 || US 🇺🇲 using crypto as a strategic reserve? That's old news.
Much has been said about Donald 🦆 wanting to use crypto as a way to pay off his debt. I agree, since the United States 🇺🇸 has the largest reserve of $BTC in the world, which is automatically followed by China 🇨🇳 However, it should be noted that Asians do not have the debt that Americans do. Likewise, many countries have already followed suit, such as El Salvador 🇸🇻, which is a pioneer in using the currency as a reserve and for use in national trade. I myself own more #Bitcoin than my own country, Mexico 🇲🇽. Still, I have faith that we will be the next to use those reserves later.
According to The Telegraph, neither he nor his wife will leave anything to their children. 😱😱
When they travel in 1st class, their children go tourist. Well, they intend to teach their children the value of money.
That is, if they want to travel in 1st class they must work ⚒ for it.
And what is money without knowledge or knowing how to use it?
I agree with him and his lovely wife. I tell my beloved wife that we must teach our children the same thing, they must learn what it costs to earn it. 🕯️📖💹💵💶
SASC01KA0 || I can't buy a house, would it be a good investment?
It is widely assumed that boomers, or even Gen Xers, had better opportunities to buy a home, and that they paid off their homes much faster before, and that even the minimum wage covered more. Build a good credit history, get a department store or credit card and pay your bills on time. Renting can be the first step before getting your own home. This is especially and lovingly dedicated to generations X, Y, Z and those to come. I happened to be part of generation Y.
Opinion on the crypto market crash: On August 4, 2024 my cryptos were still advertising around $2100, today, August 6, they are at $3500 MXN, resulting in a 66% increase in capital gain in 2 days. My opinion? Buy #BTC , #ETH , #TRU OM, HIGH, MKR or your preferred crypto, even memecoins like WIF or Pepe can be a good option, don't wait any longer. You still have time. While banks or other institutions; indices, bonds, promissory notes, government certificates, etc. grow approximately 15.2% annually, crypto can offer you that in days or months.
SASC00KA8 || Crypto purity vs shady investments in defense companies and others
One of the advantages that fascinate me about crypto especially #BTC ETH #TRU #SOL is its separation of defense purposes and more obscure purposes. ETFs, bonds, and now certain stablecoins like #USDT that are related to certain governments unfortunately sometimes only serve certain petty interests and do not serve the benefit of everyone, as they should be in an ideal world.
I am proud to invest and trade in cryptocurrencies that I know their purposes are for the benefit of more people than a single government.
Your 15-17% of Sofipo or S&P 500 vs my +100% of crypto! 🤑🤑🥶👽👽
One of my guys the other day told me that investing in crypto is risky. I asked him what he invested in, he answered real estate. I told him that the approach is different. Then I started to think that really, investing is investing, and if he liked his method, I think I should respect that, because it is better to inject money into something that makes a profit, than not to inject it into anything. Whenever I am teaching English to my students, when they are at advanced levels I teach them things about finance that can be useful to them. I teach them that the risk is greater depending on the asset they put their money in. However, the risk is reduced when you consciously know what to expect from your assets, always, and you are very sure of what you are doing.
The superiority of the investor over the trader 💹📈📉
Countless times when studying investments I hear business leaders seriously say, "I don't trade," as if it were a mistake or shame to trade. I could cite Hispanic people as English speakers. Nothing further from reality. The profile and activity is different, and necessarily varies depending on the objective of the person carrying it out. Similarities: A self-respecting trader or investor must be disciplined. They require studying, although the approach is different.
There are times when by diversifying you are putting the benches in a coffin ⚰ if you don't do the proper research. Putting money in a single currency thinking it is "safe" is a mistake. Nothing is 100% certain I must admit, but there are assets that will never go out of style. History tells us that Fiat money has not stopped devaluing. Not even from the so-called first world countries like the United States or the United Kingdom. It is enough to compare it with hard money like gold, how much it has been valued $PAXG
Check not only the current drops. There are times when there are better offers than others. Example, the $FLM token has a drop of -8.92% in the last 24 hours.
On April 24, 2024 it was +136.36% in annual comparison.
If at this moment I bought #Flm and it rose the same as before I would have a capital gain of +143.10%, which is great! However, the $HIGH token currently has a drop of -8.78% which is very good.
On June 6, 2024 annually, on the other hand, it had an interesting increase of +655.72%
About the new cryptos or tokens that come out ⚠️⚠️⚠️ As a speculator and trader when I focused on that especially, I remember that there were 4 incidents that marked my destiny: Inject money into... $PEPE $PSG
AguilasCPO (in the BMV) when it first came out. $SOL
Pepe's boom made me earn around $200 net Mexican pesos, around 70% capital gain. 💹💹 However, with Paris Saint Germain I lost around $600 Mexican pesos💸💸, I don't remember how much I had injected, but it was something considerable, maybe around -166% (correction, -66%), I insist I don't remember well.
When we talk about investing and trading, my philosophy will always be to educate by example. If I share observations it is because I do apply them on my own, involving my own finances without risking capital for expenses of my home or my family. Always diversify so that you have options where to put your money in case an asset is too expensive to look at another property. Even, if necessary, save an amount of capital for when there are no good options to invest waiting for more favorable times.