1- Determining Investment Amount and Target
This is one of the biggest mistakes of those who first entered the market. Generally, people lose their money at the very beginning by not trusting it very much at the first time and by making very low investments or by trading much more than the amount you need to invest. I will convey this to those who started saving to buy a house or a car in the first place and suddenly threw away all their savings in crypto, for those who think that they cannot save that money by working, maybe they can also multiply it in crypto. Crypto is not yet a commodity asset. It has a volatile market. So buying crypto with all your money is risky, just like buying gold. I am against transferring all such savings to the crypto section. If it is a long-term savings plan, some of these must be funds, bonds and bonds. A certain amount of Gold must be purchased. So why shouldn't it remain as TL? At points where inflation is high, holding the currency of those countries will only mean that your money will melt. Please get the opinion of 2-3 people working in banks other than the bank employees for your investments in the bank. Why are there some deficits that each bank and branch needs to fill with 2-3 people? For example, you go to the bank and they say let's deposit it into this fund, you go to another and they say interest. Don't make a decision without getting a few different opinions. Let's get back to our topic. So, how much of this savings can we invest in crypto by risking it? This may vary depending on the person's personal situation and ability. But I believe that the maximum amount should be 30% of the savings for those who have no experience with crypto. You can do this not by investing in a single coin from a single point. In the second part, I will talk about how to do it in detail.
I will also offer a method for those who do not have savings but want to start saving for the first time and want to do this with crypto money. As you know, under the conditions in Türkiye, we cannot even make the salary at the end of the month, let alone invest. I understand you on this issue, but if you want this to improve, you need to start investing immediately. So, how should someone who is salaried or has a monthly income invest from scratch? One of the biggest mistakes in this regard is to throw all the money into crypto as soon as you receive the salary and try to increase the salary by trading. If you are not a professional, you just leave money in the system. You should stay away from making money by buying and selling without gaining the necessary training and experience. The most reasonable and accepted investment technique here is as follows. Your goal is to transfer a maximum of 10% of your monthly income to crypto investments every month. Why 10% because I don't want you to withdraw this money without actually making a profit. Investing more than this money causes you to get stuck and sell that investment before the time comes. I want to tell you this. For example, you receive 20 thousand TL every month, you instantly invest it in crypto and try to make a profit by buying and selling. Instead of doing this every month for 12 months, if you use the method I mentioned, that is, 10% of your salary that you will not withdraw without making a profit, for 12 months, you will see that you will have more money at the end of the year. Now, 2000 TL seems too little for you and you think that you will not be able to earn enough income to meet your needs. But believe me, you will make more money than trading with all your money. All you have to do is invest in a coin you like with 10% of your salary every month before the bull run starts in this market.
