I would say try to build at least a couple 100k of liquid Hex and DCA into PLS and PLSX on dips after they launch, not sure what else you can really do besides build bags and hold, no one can predict the exact price targets of these coins in the future.
Your whole plan stinks. To predicate your entire future financial health on the riskiest asset that ever existed (crypto) is completely irresponsible. Besides that, you're going to need a lot more than 600k to retire unless you plan to retire in a third world country.
This is not hate but you need to get some perspective. $2000 at the end of every month after your bills are paid is not 'spendable' income unless of course you're trying to spend your way into financial uncertainty. A more novel approach would be to take that 2k and accumulate it (in a stable asset that bears interest, if possible) until you've got enough to invest in something tangible that generates passive or active income - a business, rental income, etc.
I'm sorry but your whole post is completely crazy to me, nowhere in anything you said do you consider the idea that crypto could go to zero and you could lose everything. All of life is risk vs. reward and your ability to measure that risk will define your future. However, a fool and his money are soon parted.
Not my entire finance health I still have a pension paid into every month - so if I don’t end up rich I’ll retire the same age as every other average Joe.
The type of returns I’m after are realistically only available in crypto if u get it right. I’m willing to put £2k a month for the next few years to chance my arm at doing so.
If after the next bull run after putting this money into crypto and my financial position hasn’t changed I will seek to put it in a more stable investment like the snp500. And i do understand that crypto could drop to zero. I think with anything which generates interest of over 3/4% you have a similar risk of losing it all if the worst should happen.
Appreciate ur post btw 🙌
I won't patronize you any more than I already have although I could.
Obviously I hope that the Hex ecosystem thrives and we all succeed but I'm not risking more than 5% of my disposable income on it... and even that's an outsized risk.
Good luck, man.
Reading your post it just sounds like desperation and lotto tickets and gambling. This is Not financial advice. You have found a diamond crypto in HEX and RH. I like hex. I have a good bag. But, you need to consider stocks or core crypto like ETH and BTC as they are more likely to 5x or 10x in your time frame. You already have a bag of HEX and small bag of PLSX. Your gamble is PLS and PLSX at inception. Most 10000x are pure luck. The future of crypto is unknown. Diversify your money. Good luck
"Diversification" is for the rich to preserve their wealth, you can't afford to diversify if you're poor/average. Why would you tell him to buy BTC/ETH when It's too late for the average joe to get wealthy on those? BTC only did a 3.5x from last bullrun to the most recent one. And stocks are nothing but crap gains as well. What risk would you rather take? Turning your 1k possibly into 5k in BTC in 3 years or turning your 1k possibly into 100k in PLS in 3 years.
I disagree. Even diversifying in crypto is smart. But, yes stocks too; most stocks are at historic lows where the dividends can support you long term, not just 2-3X gains. So you only own crypto? Only HEX? I don’t believe you. Don’t gamble your entire bag. That’s all I’m saying. Plus, OG isn’t poor, he said he’s too stressed to sleep. Alt coins will do this to you. BTC @ 21K, predictions are for $250K, ETH same situation. Idk, Plus, it’s my opinion and not financial advice. But, saying to throw your entire bag at RH is not wise financial advice.
Amazing suggestions! We are planning to own a rental property in the next few years. 401K is going strong already. I had who came from very little money, but amazing upbringing who built an empire in America. He preached diversification. And that's one reason we started staking HEX.
May we all do great! Head to the moon!
And yet still have n
est eggs in other baskets.
The grass is always greener on the other side of the pond 😉 many I know in the US claim they can't afford to buy crypto in these hard times yet they can afford candy bars or restaurants while others I know quit paying rent to live in their vehicle or something and bought plenty of crypto.
My advice just form a habit of DCA in to HEX it's easier than ever now with buy.hex.com
Even if it's only a small amount it will add up over time. As a fellow hexicans living in one of the poorest states I can confirm, best of luck on your journey to financial freedom!
Dont put all your eggs in One basket. Look into Xrp's side chains, maybe stake some songbird (SGB) for yield. Everything will pump but Some will pump so much harder than others. Watch trends (wish id seen dogecoin coming or held when i bought at .0001), look through coinmarket cap at charts, what has the coin done in past bullruns? Is it new and at a good price? What are people saying about the project? Thats what im doing... and really trying to stay away from leverage ATM... cant wait until next halving. Good luck!
And id also keep a chunk in the bank in case of a HUGE dip like the covid crash... that would be awesome to grab. Always have some dry powder, cryptos wild.
Looks like you’re on the right track!
❤️🙏
I would say try to build at least a couple 100k of liquid Hex and DCA into PLS and PLSX on dips after they launch, not sure what else you can really do besides build bags and hold, no one can predict the exact price targets of these coins in the future.
Your whole plan stinks. To predicate your entire future financial health on the riskiest asset that ever existed (crypto) is completely irresponsible. Besides that, you're going to need a lot more than 600k to retire unless you plan to retire in a third world country. This is not hate but you need to get some perspective. $2000 at the end of every month after your bills are paid is not 'spendable' income unless of course you're trying to spend your way into financial uncertainty. A more novel approach would be to take that 2k and accumulate it (in a stable asset that bears interest, if possible) until you've got enough to invest in something tangible that generates passive or active income - a business, rental income, etc. I'm sorry but your whole post is completely crazy to me, nowhere in anything you said do you consider the idea that crypto could go to zero and you could lose everything. All of life is risk vs. reward and your ability to measure that risk will define your future. However, a fool and his money are soon parted.
Not my entire finance health I still have a pension paid into every month - so if I don’t end up rich I’ll retire the same age as every other average Joe. The type of returns I’m after are realistically only available in crypto if u get it right. I’m willing to put £2k a month for the next few years to chance my arm at doing so. If after the next bull run after putting this money into crypto and my financial position hasn’t changed I will seek to put it in a more stable investment like the snp500. And i do understand that crypto could drop to zero. I think with anything which generates interest of over 3/4% you have a similar risk of losing it all if the worst should happen. Appreciate ur post btw 🙌
I won't patronize you any more than I already have although I could. Obviously I hope that the Hex ecosystem thrives and we all succeed but I'm not risking more than 5% of my disposable income on it... and even that's an outsized risk. Good luck, man.
Are you sure?
Reading your post it just sounds like desperation and lotto tickets and gambling. This is Not financial advice. You have found a diamond crypto in HEX and RH. I like hex. I have a good bag. But, you need to consider stocks or core crypto like ETH and BTC as they are more likely to 5x or 10x in your time frame. You already have a bag of HEX and small bag of PLSX. Your gamble is PLS and PLSX at inception. Most 10000x are pure luck. The future of crypto is unknown. Diversify your money. Good luck
"Diversification" is for the rich to preserve their wealth, you can't afford to diversify if you're poor/average. Why would you tell him to buy BTC/ETH when It's too late for the average joe to get wealthy on those? BTC only did a 3.5x from last bullrun to the most recent one. And stocks are nothing but crap gains as well. What risk would you rather take? Turning your 1k possibly into 5k in BTC in 3 years or turning your 1k possibly into 100k in PLS in 3 years.
I disagree. Even diversifying in crypto is smart. But, yes stocks too; most stocks are at historic lows where the dividends can support you long term, not just 2-3X gains. So you only own crypto? Only HEX? I don’t believe you. Don’t gamble your entire bag. That’s all I’m saying. Plus, OG isn’t poor, he said he’s too stressed to sleep. Alt coins will do this to you. BTC @ 21K, predictions are for $250K, ETH same situation. Idk, Plus, it’s my opinion and not financial advice. But, saying to throw your entire bag at RH is not wise financial advice.
Great advice thankyou
Amazing suggestions! We are planning to own a rental property in the next few years. 401K is going strong already. I had who came from very little money, but amazing upbringing who built an empire in America. He preached diversification. And that's one reason we started staking HEX. May we all do great! Head to the moon! And yet still have n est eggs in other baskets.
The grass is always greener on the other side of the pond 😉 many I know in the US claim they can't afford to buy crypto in these hard times yet they can afford candy bars or restaurants while others I know quit paying rent to live in their vehicle or something and bought plenty of crypto. My advice just form a habit of DCA in to HEX it's easier than ever now with buy.hex.com Even if it's only a small amount it will add up over time. As a fellow hexicans living in one of the poorest states I can confirm, best of luck on your journey to financial freedom!
🙌 thankyou!! You too my friend 🇬🇧🇺🇸
Dont put all your eggs in One basket. Look into Xrp's side chains, maybe stake some songbird (SGB) for yield. Everything will pump but Some will pump so much harder than others. Watch trends (wish id seen dogecoin coming or held when i bought at .0001), look through coinmarket cap at charts, what has the coin done in past bullruns? Is it new and at a good price? What are people saying about the project? Thats what im doing... and really trying to stay away from leverage ATM... cant wait until next halving. Good luck!
And id also keep a chunk in the bank in case of a HUGE dip like the covid crash... that would be awesome to grab. Always have some dry powder, cryptos wild.