I spent 8 years researching only personal financial management & applied it 100% to the crypto market.
Here are 7 financial rules that crypto investors should know:
1. Live like a secret crypto millionaire
Absolutely stay away from "lifestyle creep". I have seen many people go from poor to investing in crypto and becoming rich. But then...
They live at the top of the ladder, showing off houses, cars, and luxury goods. They buy liabilities to satisfy their ego and glory in the eyes of others.
Control your spending before those around you control you.
Stop spending money on what you want, pay for what you need. Continue saving & buying crypto assets for the future.
Live like a secret millionaire today & tomorrow too!
2. Profit lock
You have heard the saying "profit taking is never wrong, never dies". But not sure...
If you only take profits out of USDT, you can still be wrong or die. You need to "lock in profits", i.e. need to convert it into fiat money & take it out of the market & into real life.
3. 50/30/20 Rule
Create a spending budget based on your & your family's income with 3 factors:
What do you think about stable coin USDT to store USD? I personally noticed that its price from June 2023 has been continuously below 1$. Will USDT lose 1$ forever? Personally, I transferred all my USD to USDC.
Today I took profit at $BNB , waiting for a more reasonable price I will re-enter because basically with $BNB any price under 1k$ is cheap.
Hope everyone has a tiring weekend counting $.
LIVE
PhuongLe_ManaMan
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Bullish
BNB has been moving sideways for the past 90 weeks, have long-term holders gathered enough BNB to prepare for the price increase or still going sideways for another 8 weeks.
Currently, due to influences from monetary authorities, the price of BNB is restrained, but this is an opportunity for long-term holders to have more time to buy BNB at a very bargain price, because compared to the scale of The current price is still too cheap for this exchange and its powerful projects.#Write2Earn #BinanceLaunchpool #binancelab
My personal opinion is that right now everyone is very excited because every time they buy, the price increases, the investment feeling is great, but when a chicken is fattened enough, the day of meat will come and that day will be over. come close.
To avoid becoming a fattening chicken, today I choose to eat slowly and transfer my investment portfolio to coins like $DYDX $MANA $GALA $MINA $XRP as a temporary shelter because the purchasing power of these coins is still at an average level and the price is moving sideways.
In addition, in the new investment portfolio, I focus on logistics #Logistics and IOT #InternetOfThings for long-term holding, but I am not too concerned about price fluctuations, simply after 4 quarters there may be profit and loss but After 5 years, I will not regret today's choice, the two coins I am holding for up to 5 years are $IOTX and $VET, because I have carefully analyzed the potential of these two fields above. crypto system, it has huge practical applications.
This is my personal opinion, just to share and find more friends with the same opinion, not investment advice. My name is Phuong Le and I invest in crypto.
Decentraland $MANA is forming a nice weekly candlestick pattern, RSI buying pressure is also in the average zone.
The possibility that the price will touch the 100-week price average is very high and the current price is quite far from the 186-week price average, so we have 2 opportunities to trade in these 2 price ranges.
In addition, the number of users in Decentraland has increased rapidly since the beginning of the year, and major technology companies are spending large investments in the virtual universe, virtual reality devices are gradually being born with very realistic features, so Building a virtual universe is no longer far away.
My personal opinion is to hold $MANA long term, the price will soon touch 1$ and higher. March will be for the virtual universe if the price breaks the diagonal.
Internet Computer Protocol (ICP) is a blockchain protocol capable of managing and operating a data network with nodes running on servers around the world.
ICP does not depend on any single computer system, but it operates on all computers in the system.
Is ICP's recent breakthrough really over? 🤔 #Write2Earn #Dfinity
Internet Computer Protocol (ICP) is a blockchain protocol capable of managing and operating a data network with nodes running on servers around the world.
ICP does not depend on any single computer system, but it operates on all computers in the system.
BNB has been moving sideways for the past 90 weeks, have long-term holders gathered enough BNB to prepare for the price increase or still going sideways for another 8 weeks.
Currently, due to influences from monetary authorities, the price of BNB is restrained, but this is an opportunity for long-term holders to have more time to buy BNB at a very bargain price, because compared to the scale of The current price is still too cheap for this exchange and its powerful projects.#Write2Earn #BinanceLaunchpool #binancelab
If you follow TRX then you will see that in 2023 TRX is a shining star.
TRX is continuously increasing in price and at present, TRX is approaching its highest price, along with the crypto wave and TRX's ability to operate effectively in 2023, TRX will soon break the resistance level of $0.15 and approaching $0.25 or $0.48 or higher.
#JustinSun is a young man with bold directions, he will make TRX a great investment in 2024. #Write2Earn $TRX
Vechain(VET) is an ideal long-term investment as Vechain is already a partner for large corporations. Meanwhile, Vechain's price is approaching the weekly resistance zone. If it breaks this resistance zone, the price could potentially reach $0.25 or higher. Of course, in the near future, there will be a wave of profit-taking. of short-term traders will cause the price to decrease by 12% to 20%, but I am still optimistic about Vechain in the future. #Write2Earn #Logistics #InternetOfThings $VET