Survive, be prepared, grow steady.
Personal Finance Trainer | 5 years of experience in Trading Market | Master's in Technology & Service Design based in Italy
Series 2 (P1): #Learn about low risk earning tools in the crypto market
In the last introduction part, I have already shared the Binance Earn Cheat Sheet which includes 9 different methods of earning passive income. (If you haven't read that post, you can take a look at the below image to know what methods I'm going to talk about)
Now, it's time to dive deeper in the first chapter: Low risk tools I mean, they are not hard, I guess. With simple earn, you just need to register your stablecoin to earn passive income day by day. Or with Launch pool, you can do the sam
Series 2: #Learn about ways to #earn in crypto market
The crypto market provides you with a variety of ways to make #passive_income. In this series, I will explain every earning tool in the Binance platform, and how to make your money grow effectively using these tools. Part 1: ways to #earn money in the crypto market As of 12th Feb 2024, there are 9 ways to earn passive income, the list below will tell you the risk of each way, as well as show you what kind of currency you need to start investing.
Part 3:#Learnabout building your own investment portfolio
Identifying your risk appetite is cruicle, you will be more certain in your investing decision.Before going to the detail, I will recap the last part in the image below. You will find the investing products with the level of risk here:Okay, so how do I know my risk appetite?Ask yourself the following questions:How old am I? (you might think this is a dumb question, but no, it's a research backed question)If you are young (20-30 years old), you can stay with high riskIf you are in the middle (30-50 years old), try lower down your riskIf you are somewhere >50 years old, don't risk too much, stay below medium riskHow frustrating will I feel if my portfolio temporarily goes down for 20-40%?If you cannot take that feeling, consider lower your riskIf you are greed for risk, stay with higher riskAm I investing with the money I need to use soon in the future?If yes, consider lower down your riskIf no, stay thereHow much do I want my money to growth every year?5-10% (low risk)10-20% (medium low risk)20-30% (medium risk)30-50% (medium high risk)>50% (high risk)How much time do I have to take care of my investment?Consider lower your risk if you don't have too much timeBut don't increase your risk if you have time (it doesn't work that way), just stay with your current risk capabilityAfter asking yourself these questions, I believe you will partially understand your risk appetite already 😌To wrap up everything, take a look at the image below, it will give you some pre-made options for you to choose. Be yourself, build your own, grow with knowledge!$BTC $ETH $BNB
Part 2: #learn identifying the risk of investing product
Understanding it will help you build a portfolio with diverse risks. Why then? Because you would wish to have your money not putting all in just one product. Once you lose, you lose everything, would you like that to happen? Guess notTo know the risk type, take a look at this image. Although this is pretty subjective, it’s not too far from a technical perspective.Choose your own products to invest in. I know that you are on Binance, to trade, hold coins, and dream of a rich future. But trust me,
Part 1. "Never put all eggs in one basket" is useless if you don't know what your risk appetite is.I would say you could be:Risk taker (invest >70% of your money into high-risk products, the rest on medium-risk products)Medium rare player (invest 30-50% of your money into high-risk products, the rest on medium & low-risk products)Safe protector (invest 10-20% of your money in high-risk products, the rest on low-risk products)(Don't try to find these names online, I made them up)Defining your ris
$BTC $ETH $BNB If you see anything like "a trader turns x($) into xxx($) by hodling this "x" coin", block it! Make it simple, ask yourself these questions to verify the reliability of the news: Who is that trader?Where did he/she share it?Was it a real person or just "he/she"?Is there a link to the original post?Even if he won that much, is the coin worth buying now? Keep in your mind that Fear of Missing Out (FOMO) is your biggest enemy. If you want to use Binance Square to learn something ne