Setting Up My Financial Strategies For Success

in #hive-1679228 months ago

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Talking About Tokens, Trading, and Savings

I thought with the market cooling off from a spectacular rally, the subject no one could ignore for the past few weeks, I ought to cover what my plans are for this year. After all, I firmly believe in the following idea.

If you fail to plan, plan to fail.

Short, sweet, and to the point, I believe anything you truly want to accomplish should have some steps in mind. Either you prepare yourself somehow, or you end up like most, repeatedly telling others about how you had something you wanted to accomplish. I'm in too much debt, saddled with too much ambition, for leaving things I wish up to fate.

So, with a brief mention to savings rates, I finally pulled the trigger on the best one I could find. I will let my readers guess in the comments about where I found that savings rate of 20% APY.

Hint: It is not a traditional investment vehicle. I finally locked it in, since this first quarter I was largely unemployed. The few pennies that fill my pockets almost have to work as much overtime as I do, for me to clear the deficit in which my financials sit.

Given my aspirations, I want to discuss the tokens I want to hold moving into the next bull run.

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Might be high time I return to my books.

Token Picks For 2nd Quarter '24

Here's a short list of the tokens I am trying to accumulate.

  • HIVE
    With no need for lengthy explanation, stacking this asset lends itself to greater influence on this platform, and personally I believe, a greater return than most tokens.

  • NEXO
    As I found a project with a token centered on wellbeing and sound investment strategy, the only other token that comes to mind concerning safe yields is NEXO. They're compliant with the SEC, so much so they stopped offering their services to US citizens, which if you do not know, I am. So why stick with it? My assets are grandfathered in, since I began yield farming before their settlement with the SEC. I also firmly believe I could be a solid affiliate marketer, onboarding non-US citizens to the safety of lower, but consistent yields in the form of APY.

  • Memecoins:
    I heard down the grapevine that memecoins are the gateway to crypto adoption. Nobody gives a damn about the tech; once you're victim to an exploit, you'll care enough to at least look into what you're throwing money towards. How inspiring. Nonetheless, I'm making one myself, so how could I not consider them for the portfolio?

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Platforms of Interest 2nd Quarter '24

REDACTED got cool tools that already integrated REDACTED, that we can use for tasks and community engagement.

I'm not entirely at liberty to discuss who we've partnered with, since we're not exactly affiliated. They did give us this quest, so I have some platforms I plan to research for building communities and the like.

  • Guild.xyz
  • Galxe
  • TaskOn
  • Questn (not REDACTED-integrated but Gabe knows their founder)

The list is already quite long, from tokens to hold and buy to platforms to leverage and familiarize users with, but it's part of the process. I wonder, how many of my readers familiar with these tokens and things? What products do crypto users actually use? I am not referring to Twitter, since that place is a special public square of gambling. I refer to things your family, parents, grandparents, siblings might leverage if they heard about it.

Ultimately, it's a lot so I'll understand if there aren't many response to those questions.

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Accounts To Follow For Trade Opportunities

I share the above account on Twitter, because firstly, I don't recommend following exactly what he does, but learning from him instead. At times, I feel as though he speculates, and at others, it's clear he knows his parameters. His trade ideas, or signals if you heed his every call, represent opportunities. It's up to the individual though, the choice to invest, one way or the other.

I think at least doing my homework, that is, referring to his charts and following along their expected performances could improve your "reading" skills, for lack of a bigger window to gain experience. As with anything, trading and especially interpreting charts comes with experience that has no shortcut. Use it or lose it. Many don't even have to begin with.

Let's hope I do.

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I think this is really opening my eyes to a lot of things to realise. The truth is I need to start setting plans for my financial life also

Some people always believe that it is when they are getting old that they will start seeing the need to save financially which is not so

Meme coins are one of the fastest ways to make reasonable profit in cryptocurrency but at the same time, it can be funny that people can lose their money too
We have crazy memecoins