IV hydration therapy has much to do with just being taken during the time when you are sick. In Sun City the IV hydration therapy is becoming quite a common thing. The people here are now becoming aware of the goodness of taking IV hydration therapy. Thanks to the IV hydration therapy Sun City CAcenters, which will be found in many parts of the city.
People here often visit the IV Therapy Sun City CAcenters and take IV hydration therapy for numerous, fantastic benefits. The IV Infusion Therapy Sun City CAdoes not only provide drip infusions but also incorporates vitamins and micronutrient supplementation, antioxidant therapy, and extra supplementary wellness services. The people in Sun City take hydration as a dose for restoring their energy so that they can work and party all through the month and also get numerous benefits out of it. Let’s discuss the major outcomes of taking IV hydration therapy.
Out of numerous benefits, immunity is one. Immunity plays a vital role in protecting us from various diseases which we don’t even think of. Every day we come across so many infectious germs which go inside our circulation through food, water, air, etc. if our immunity is not activated properly, we would fall sick every now and then. When we take IV hydration therapy with antioxidants, vitamins, minerals, and other important nutrients, we are giving our immunity a strong boost. This in turn saves our bodies from various big and small infectious diseases. Taking IV therapy every month is like preventing your body from infections and other problems.
Replenishing vitamin levels in our body is also a major benefit of taking IV therapy. We all know that we get a major portion of our vitamins from our food. Eating and healthy eating are two different things, unfortunately, we are just able to ‘eat’ because of our busy life schedules. This leads to a deficiency of vitamins in our bodies which leads to a diseased body. We don’t realize how vitamin deficiency is gradually affecting our bodies until we fall sick. Healthy eating is a very good habit but because we are unable to practice it, the IV Vitamin Therapy Sun City CAworks here for replenishing vitamin levels. Replenishing vitamin level means giving your body exactly what it wants.
People keep on working and working and don’t realize that their body is getting damaged internally due to accumulation of toxins. Detoxification of the body with IV hydration therapy is also quite common because it is the most reliable method of doing it. We can take antioxidants orally also but the problem in oral intake is that most of the part of the dose is lost during absorption but when we take antioxidants through IV infusion it goes directly into our bloodstreams and there is no loss at all.
The IV Wellness Sun City CAhas created much awareness amongst people so that they can take care of their health even in their busy schedules. It’s a very good practice because wellness is better than illness.
Replenish 360
A Division of Palm Desert Resuscitation Education, LLC
“Renew the body, refresh the mind, and restore performance”
Aluminium is considered to be one of the finest metals in all sorts of constructionworks.It is widely used in construction of multi-storey buildings because of its inherent properties like lightness and corrosion resistance. In many Middle East high-rise apartments aluminium is used for the construction of exterior facades, walls, ceilings, window screens, screen doors, staircases, shelves, railings and many other applications. Because the Middle East climate is extremely harsh throughout the year, aluminium proves to be an excellent selection for the construction industry.
The Middle East climate is extremely hot which adversely affects the external doors and windows of the home. Even the internal doors and windows are affected by the heat of Middle East. Also, there is a need of protection in big villas and high-riseapartments. Protection from insects and bugs, protection of pets, protection of children from windows and much needed protectionfrom intruders. The flimsy mesh used for screening doors and windows are not very effective in the scorching heat of Dubai and they do not provide long lasting services.
To overcome this problem, the mosquito mesh Dubaimarket has now launched the latest safety screens that should be a part of every Dubai home. These safety screens are used for constructing fly screen door abu dhabi, mosquito nets, window screens, screen doors and what not. All these safety applications use aluminium as an essential material for their construction. The frame in which these safety screens are installed are made of aluminium only. Because aluminium is very light weight it is easy to transport and due to its corrosion resistant nature it lasts for decades giving a much longer life to the newest safety screens available in the mosquito net Dubai market and all across UAE.
Aluminium is an intrinsic material for construction in high rise buildings when there is a requirement for safety applications. These safety applications include fly screens, mosquito screens, window screens etc. The mosquito net Dubaiindustries are now manufacturing mosquito screens made of stainless steel enclosed within aluminium frames which have around 10 years warranty. These safety screens are stronger and longer lasting unlike the conventional flimsy meshes which needs to be replaced every now and then. The fly screenmarket would have not been updated without the use of aluminium frames.
As stated earlier that different levels of security and protection is always needed in the homes of Middle East. The screen doors are also becoming quite popular in Dubai homes and across the UAE because it provides high level of protection from bugs and insects. They are also extremely tough! These screens allow natural ventilation and peaceful sleep without the use of AC. These screen doors used for protection also use aluminium as an important material for making the frames in which the mesh is enclosed. These screens do not use any kind of screws or mechanical fixatures for attaching the mesh and the frame. This helps in avoiding corrosion and therefore lasts longer.
Nursing is a very noble and rewarding profession for females. It is the best career option to start with if you are aspiring to join the healthcare industry. If you too are thinking about becoming a nurse or joining a Certified Nursing Assistant (CNA) Program then you need to know more about nursing and assistant nursing courses and career so that later you can be proud of your decision.
Nursing is one of the most opted careers in the entire US and 90% of students who finish their nursing course are immediately hired in the healthcare industry. However, it is important to get your certification course done from a nationally accredited academy or university. When it comes to offering quality education the Southern California Nursing Academy, Inc. is the pioneer in providing Nursing Assistant School and other paramedical courses. We are giving this suggestion because the SoCal nursing academy is certified by national health departments like the California Department of Public Health (CDPH), Aide and Technician Certification Section (ATCS), and Training Program Review Unit (TPRU).
The nursing course is not just about mugging up the books and passing the exam, it’s more about having practical knowledge and experience in hospitals with patients. A nurse is solely responsible for making a big difference in anybody’s life every day. Every day there are patients of a different kind, gender, age, and severity. A good nurse has to take care of all kinds of patients.
It should be noted that an assistant nurse is different from a registered nurse is different. As it’s clear from the name itself that the role of the assistant nurse is to work along with the registered nurse in healthcare departments. If the performance is up to the mark, the assistant nurse gets a very good opportunity to top up their career and become a registered nurse.
The Southern California Nursing Academy, aka SoCalis one of the leading academies for higher education in Nursing assistant training programs and other paramedical professional courses. The academy always stresses preserving and promoting the well-being of its students as well as the patients and staff members. The students are trained by highly qualified medical and nursing professionals so that they gain not only theoretical but also practical knowledge.
The students, after completing their Certified Nursing Assistant Programare able to work diligently when they are given a chance under the veteran nursing team because they are able to enhance their nursing skills even better. The students who come out after CNA Certificationare confident enough to proficiently assist the veteran registered nurses who are in this profession for many years. This confidence can only be gained only when the students are trained by highly qualified professionals.
Firstly you have to look out for a CNA Programs Near Me get a certification from there, then you can keep working and learn as much as possible because there is ample to learn in the healthcare industry. Grab the opportunity, a great career is waiting for you.
Are you planning your career in healthcare industry but don’t know where to start from? Actually, we all got stuck with this problem at some point of lives where we couldn’t decide how to give our career a good start. Let’s help you a bit with this problem.Healthcare industry is a vast industry and there are numerous professions which can be pursued but nursing is one of the best professions for females. If you go for a nursing course, it is the most employable coursein US and also in the entire world. It means the chances of getting employment are very high once you finish up your nursing course.
To be honest, no one can become a veteran nurse overnight. It takes time, patience and lot of practical knowledge to be a good nurse. As a beginner you first to be a nursing assistant and for that you need to join a Certified Nursing Assistant (CNA) Program from an academy which is in compliance with the USA standards. A CNA program is an entry level nursing course which imparts the students with basic and knowledge and skills which are required to be a nurse assistant. Those who wish to work in the field of nursing and patient assisting in future can start with this program. After finishing the course, the students can immediately start working or study further for becoming a registered nurse.
For the students of Indio, the Southern California Nursing Academy Inc. is offering a Nurse Assistant Training Program (NATP)which covers a group of course units that are inclusive and easy to understand. However, there are many other academies and institutes which are offering online and offline courses and are open for all who are interested in learning. The students are suggested to keep in mind that whichever academy they select for the certified nursing assistant program,it should be accredited with the Govt. health departments and comply with the US standards.
Requirements for Nurse Assistant training Program
There are very basic requirements to be eligible for the NATP. The candidates wish to enroll for the NATP should be at least 16 years of age with basic knowledge of English and IT. They should have at least higher secondary certification to the start with the nurse assistant training.
After completion of the Certified Nursing Assistant (CNA) Programfrom good academy the students will be proficient in: basic nursing skills, understanding the psychological and social problems of the patient, knowing about patients’ safety and rights, elderly abuse recognition and how to report it. They will also able to understand special needs of the patients, mental and developmental disorders, mental illness etc. There might be some academies which are offering online courses too but nursing is not about just remembering some data and passing the exams, it’s about lot of practical clinical training. The more practical knowledge you have, better nursing assistant you would be. When you are at good hands with your knowledge, you can top-up from assistant nurse to registered nurse.
Corona virus or Covid-19 has been the most deadly pandemic we encountered in our life. It has affected people all across the world in different ways. In this pandemic we all have to act immediately as soon as its slightest symptoms arise. Delaying in acting upon the symptoms, the symptoms keep on increasing and because the corona virus attack is related to our respiratory system, in the worst case the patient can undergo a cardiac pulmonary arrest. This is the reason the CPR classes have been updated keeping in mind the cardiac pulmonary attack happening in Corona patients. In the Moreno valley CA alone numerous CPRMoreno valley CA classes were initiated immediately for the frontline healthcare workers so that they not only act quickly during the Covid-19 emergency but they also know how to protect themselves and people around them.
The latest CPR and Corona updates in Moreno Valley CA
The importance of CPR Classes Moreno Valley CA has gained huge importance because it is the need of the hour. It means the sooner the healthcare worker takes up the CPR classes, better it would be. We all know that Covid-19 is a life threatening virus which enters our body and causes flu like symptoms. However if the symptoms are not treated on time, they become severe. In more severe cases the virus extends its line of attack on our lungs and our respiratory system and in extreme cases, it may lead to cardiac arrest. When a Covid patient becomes serious he needs a ventilator. Cardiac pulmonary resuscitation is the best life saving action which can be performed if in any case there is delay in getting ventilator.
During this Covid pandemic many health care workers have taken CPR Certification Moreno valley CA because they wanted to be indentified and remembered as Corona warriors. As this disease is highly infectious the CPR done on Corona patients involves higher risks. Proper knowledge about it is very important and it has to be done using safety measures and precautions because it is highly infectious disease. If any patient is suffering from Covid-19 he needs to be kept quarantined unless he becomes well.
The Moreno valley CA government has been constantly supporting the hospitals and frontline healthcare workers so that they can fight this pandemic in an effective way. Although the present situation of Corona virus pandemic is somewhat better than before due to arrival of vaccine but deep down we all know that we are still not completely safe. We can be caught even after taking almost all the precautions. Therefore the Moreno Valley government has always been focusing on the safety of its people and asks everyone to be ready for the worst situation. The government also emphasizes on people to take the CPR Classes Moreno Valley CA and get ready for any emergency situation if it occurs in their family or acquaintance.
Already nearly 1000 people in the country encounter cardiac pulmonary arrest each day outside the hospital only and there is no one to help them unless emergency services arrive. With a little CPR knowledge you could save someone’s life.
The CPR San Bernardino CAinstitutes have been offering first aid, CPR, ACLS, BLS and other important life saving classes for the healthcare workers and healthcare aspirants who want to be a part of this industry. However it is not so that the CPR Classes San Bernardino CAare meant only for someone who is working as healthcare professional or want to be a health care worker. It can also be taken by normal persons who wish to enhance their knowledge and be a life savior for someone.
Whether you are an advanced healthcare professional or are you just a normal person, you need to be a part of CPR Classes San Bernardino CAif youwish to help people around by saving their lives? It’s a common notion amongst people that only an advance healthcare worker or a doctor can save someone’s life. It is true to some extent, but it doesn’t means that we are not capable of saving someone’s life if he or she faces an emergency.
Institutes offering First Aid Certification San Bernardino CA have defined emergency as an accident or incident which causes sudden ceasing of breath and heartbeats. Most of the accidents lead to cardiac pulmonary arrest which leads ultimately to death. The immediate action which needs to be done is the CPR. Yes we are talking about cardiac pulmonary resuscitation or CPR, which has been proved to be a life saving process for many people.
The CPR Certification San Bernardino CA is recommended for all, because you never know when you can get a chance to save someone’s life. Now let’s suppose a situation where you find someone who undergoes a cardiac pulmonary arrest.
You called emergency responders or the emergency medical services; still they will take at least 10-12 minutes to arrive at the emergency point. What would you do if you are unaware of any kind of CPR technique; probably you won’t be able to do anything and that could be fatal for that person. Now suppose you are well versed with the CPR technique and start using your knowledge. To your surprise, the life of that person could be saved until he is taken to a hospital for further treatment.
This is reason the CPR San Bernardino CAinstitutes have always stressed healthcare professionals as well the normal person to take the CPR classes and get well versed with the CPR procedure. You will get AHA certified and you will eligible for healthcare jobs in almost reputed organization of US.
If you still think that CPR Certification San Bernardino CA is not for you or you don’t find it of much importance than you should know that about the figures that every year around 383,000 persons encounter cardiac pulmonary arrest outside the hospital. That averages to about 1000 persons each day only in the US. Don’t you think out of those 1000 persons someone could be in your acquaintance? If you have the CPR training, you can make a significant difference with your small gesture. If you can save someone’s life, it would be great.
Every year there are about 350,000 out-of-hospital cardiopulmonary arrests in the U.S alone. They are the main cause of deaths and only 10% of victims survive out of the cardiac pulmonary arrest. The CPR Perris CA institute has published an article stating that if someone encounters cardiopulmonary arrest out of the hospital, in that case, 911 access and cardiopulmonary resuscitation (CPR) are the first two links followed by quick defibrillation for “chain of survival”. Without these links, death is certain. The above facts and figures clearly state that if someone encounters a cardiopulmonary arrest, his chance of survival is only 10% and that if all the links of the “chain of survival” are correctly followed.
Even after so many cases happening around CPR is not as widespread as it should be. People are still skeptical about the importance of knowledge about CPR. If you have the same question that should acquire the knowledge of CPR or not then, the answer to this question is certainly a big ‘Yes’. The facts and figure say that cardiopulmonary it is the main cause of deaths and you never know who could be the next victim. When you take up CPR classes, the very first thing which is taught at the CPR Classes Perris CA is that how you become a rescuer if you encounter someone with cardiopulmonary arrest and how you can make difference between life and death. Quick CPR performed by the rescuer increases the chances of survival by two-folds.
Accidents and mishaps can occur anywhere and with anyone, you never know who could be the next victim, and if you encounter someone undergoing cardiopulmonary arrest in your acquaintance, you can easily intervene only if you have proper knowledge of CPR. Even after calling 911, the help would take at least 8-10 minutes time to arrive. During this time, your knowledge of CPR can save someone’s life, which is certainly a great achievement.
Those who attend the CPR Certification Perris CAare initially taught to recognize the signs of a cardiac arrest by looking at the oral expressions. This is very important because some might think that they are seizures but actually, it may be a cardiac arrest. The CPR technique involves pumping near the heart with regular intervals followed by artificial respiratory sessions. The chest compressions are done at a specific point which has to be accurate so that the results obtained are optimum. Every piece of knowledge is important because CPR is related to the most vital organs of our body i.e. heart and lungs. This is the reason the American Heart Association updates the CPR certification courses every five years based on the latest researches and outcomes. Those who already have First Aid Certification Perris CA should upgrade their knowledge with the latest updates.
Anyone should not think he or she will not require CPR knowledge, it’s a must for everyone, not the healthcare workers. If you are updated with the latest CPR skills, you can be a part of saving someone’s life.
The web has changed the manner in which we market our organizations. rather than relying on the more seasoned “thump and drop” strategies, you presently need to consider on-page advancement, off-page enhancement, catchphrase examination, internet advertising efforts then undeniably more.
Many Companies like to re-appropriate this work since it is incredibly tedious and with the consistent changes in Google calculations, remaining up so far on the freshest necessities can leave you with less an ideal opportunity to consider the everyday running of your business pushing ahead.
When attempting to locate the most noteworthy IT Company in India, there is an assortment of things to need into thought to help you to distinguish the least difficult organization which will work with you and help push your business to the most elevated of program rankings, assisting you with making progress pushing ahead.
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The main thing to appear for once you are utilizing on the web correlation destinations to search out a top IT organization is to spot how long they need been doing business. Just work with the most noteworthy three, anything short of which won’t give you the outcomes you’re hoping to figure it out. Think about the most noteworthy three companies that upheld age. Clearly, the more drawn out the corporate has been doing business the higher as they will offer long stretches of information and information in showcasing to help your business to develop.
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The client degree of consistency is a few things you might want to appear to be intently at and can have a high relating to your choice pushing ahead on which IT organization to choose to help develop your own business. The standard for dependability is which level of clients the corporate holds utilize their administrations on an on-going premise.
When watching the client consistency standard, have some expertise in companies that have as near the precarious edge of 100% maintenance as could really be expected, 99% is right, as organizations can’t keep 100% of their clients pushing ahead. the corporate is doing everything right to convey onto a particularly high volume of their client base, which recommends that their clients are now appreciating the compensations of utilizing this organization for their web-based promoting.
The last advance is to appear at the scores regarding on-page improvement, off-page enhancement, detailing, and watchword examination, guaranteeing the corporate you select to help develop your business and accomplish results can furnish you with the most straightforward prompts the more drawn out term.
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Einstein is often quoted in the field of economics. The saying “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it”, or something to that effect, is often attributed to him along with the associated “Rule of 72”.
The story of that being an Einstein quote is almost certainly apocryphal, and the Rule of 72 is definitely not Einstein’s work (as if the father of Special and General Relativity needed a cheat method to estimate logarithms! ), BUT – the essence of the quote is absolutely true.
Compound Interest is an incredibly powerful way of growing wealth in a relatively easy and safe manner, with the major variables in the equation being Initial Investment, Interest Rate, and Time.
As much as we would all like to be rich, that isn’t a reality. Compound Interest presents one option for the “not rich” to possibly become a part of “the rich”. It’s a method which is highly applicable in the crypto world, and one which I personally use daily.
Earning Interest
At the moment, I reinvest every crypto gain I can back into the crypto market. Anything I earn from my blogging gets invested, and dividends paid get invested. Airdrops, hard forks, competition winnings, donations, staking rewards… every last little bit goes back into crypto. I have never withdrawn a single sat.
In this way I earn interest not just on what I initially put in, but also on my earnings. It’s not all strictly “interest” per se, but the effect of holding assets which increase in value over time is essentially the same as interest.
Taking profits is the opposite of that. Taking profits removes money from the interest earning equation, and leaves you with less earning potential. For that reason, it’s important to get it right, you don’t want to shoot yourself in the foot by taking profits in a manner which will hurt your investment.
Looking at the three variables of compound interest, we can see where and how manipulating each variable changes things.
Initial Investment is the amount of money that we put in. The more money we put in, the more we earn (how many of you wish that you had put more money into crypto when you started? I know I do!). You can add money into crypto after your initial investment, and it’s a good idea to do so, but the general rule of thumb is: “the sooner you put it in, the better”. Of course I understand that we put money into crypto as it becomes available to do so, so please, this is not me saying “don’t DCA!”, but rather “it’s better to go big early than to invest in a piecemeal manner over a period of time”.
Interest Rate is something which we don’t have much control over. Yes, we can chose which coins to hold based on their returns, but we can’t control how they increase in price, and we alone can’t determine something like the interest rate earned on a staked coin. Indeed, even though there are coins which offer a very good APY, e.g. 20% or more, this figure pales in comparison to the gains that cryptocurrencies themselves make during a bull market. The majority of “interest earned” in crypto comes from the gains in value that cryptocurrencies make during bullish periods. As I write this now, I have six coins which have gone up by more than 20% in the last 24 hours alone, that’s the “interest” I want to compound!
Time is the variable over which we probably have the most control. For the patient investor, time can be the great equaliser. It’s the way that a more patient poor investor can catch up to a less patient rich investor. Time is the reason that investing sooner rather than later is a good idea. The longer your money sits in crypto, the more chance it has to earn “interest”. For instance, if you invested $100 invested today in a coin which averages an annual price increase of 50%, it would be worth $150 a year from now. But if you left the same $100 for four years, it would be worth just over $500.
The difference is non-trivial: the $150 payout means that you’ve earned an average profit of $50 per year. But the $500 payout means that you’ve earned an average profit of $100 per year – double what you would have earned with the shorter investment! What if you left it for 10 years? Then you would have $5766, an average of $567 per year!
Doubling your initial investment would double the profits you make, but doubling the TIME that you leave the money invested for, that leads to exponential returns! For this reason, it is absolutely vital not to take profits too early! When you take profits, you no longer earn gains on all your interest, and you invalidate the benefits of the compound interest equation.
Taking Profits
The key to successfully taking profits is simple: if you are able to do so – don’t take any.
I’ve been running the numbers for some time. I knew a bull run was coming and I knew that it would be a good profit taking opportunity. I also remember that during the last bull run I found it difficult to divorce my emotions from my trading decisions. in preparation for that, I decided to determine a profit-taking plan before the market hype set in.
After many attempts, this is what I found: There is no scenario in which taking profits works in my favour. No matter which strategy I use, no matter how much (or little) I take, no matter how seldom I take profits, no matter at which BTC price I take profits, I end up losing out in the long-run. And by “losing out” I mean significant losses.
I sat for many hours with the spreadsheet below, working and reworking the figures and strategies.
I found that the second you take profits instead of reinvesting them, you break the power of compound interest. Though I already knew this before going to the spreadsheets, I was hoping to find a way that I could take small profits while not affecting the later figures by much. There is no such way, not unless you’re willing to take profits that are insignificantly small, and what would be the point of that?
The thing with compound interest is this, it is most powerful in the last few periods for which it is calculated. So if, for example, you earn compound interest over a period of 10 years, the greatest gains, by far, are realised in the final two years of investing.
Going back to our earlier example – the $100 which became $5766 after 10 years – more than half of that amount is made during the final two years. After eight years the return is only $2563, meaning that $3203 of the $5766 is earned during the final two years.
If I took profits of just $10 of the $150 I had after the first year of investing, it would translate into the loss of $384 after 10 years. Taking $10 in profits after 1 year means that I get $5382 instead of $5766. And $10 taken from $150 is only 6.7% – hardly a large amount.
The message is clear: taking profits today greatly hinders your ability to make big profits in the future. The longer you reinvest everything, the better – by a HUGE margin!
There is a caveat…
Taking profits – without hurting your investment
There is a way to take profits without harming your investment. In fact, you can help your investment along.
Unfortunately, the old maxim applies to this scenario: “there is no such thing as a free lunch.”
As with most things in crypto, if you want greater rewards (or a higher “interest rate”, if you want to see it that way), you need to accept higher risks.
IMPORTANT: Accepting risk is not for everybody! I am a BIG fan of the HODL strategy, and for good reason. It gives a great return, it’s safe, it’s easy and just about anyone can do it successfully if they are patient. If you are risk averse, new to the market, in a fragile economic situation, not good at market analysis or just in doubt, then I suggest that you just continue to HODL. It’s all I’ve been doing for years, and I’m not sorry.
For those who do want to take profits and not hurt their investments, the solution is fairly obvious: sell at the top and then buy back in at the bottom. During this process, you can take a little profit on the side – as long as you buy back at least as much crypto as you sold!
While this sounds obvious and easy, it isn’t. The reason for that is simply that nobody has a crystal ball which can predict the future. We NEVER know when we are at the top of the market and we NEVER know when or for how low it is going to dip. For this reason, we have to compromise when we trade: either we sell too soon and leave some profits on the table, or we risk missing the top (and therefore our opportunity to sell) entirely. The inverse applies at the bottom of a bear market.
Things change VERY fast in crypto. Your chances of hitting the very top of the market, or even calling the top within about 10% of it, are almost zero. Imagine you sell your BTC at $200 000 because you think that’s the market top, and then BTC keeps on climbing for three more months, up to $350 000. That’s a realistic scenario. How will you feel then? It’s a bitter pill to swallow, and the temptation to FOMO back in would be very real!
Similarly, let’s say you sold near the top and are waiting for a buy-back level. You want to buy at $40000, but BTC hits $75000 and then turns positive. What then? These things happen! In April of 2018, BTC dropped to $6500 and then started climbing again. It climbed for three weeks, up to almost $10000 before slowly turning negative again. How would you have felt during this time if you had been waiting for a price of $6000? Would you have been able to wait, or would you have panicked and forced a FOMO buy to avoid missing out?
You can not ignore the mental effects of trying to time the market and you can not ignore the fact that the risks are real. BTC may NOT hit your buy price! You may well miss the re-buy point entirely, that’s a real risk. Throughout 2019 I heard people say over and over again: “I’m just waiting for one more drop to $6000/$5000/$3000 before I buy”. Perhaps those guys were lucky, they got the rapid dip at the start of the Covid-19 drama, though I suspect that by then most of them had already capitulated and bought back in at a far higher price. But even after the March 2020 Covid dip, I still heard people waiting for another $6000 or $5000 or whatever price they wanted, only to see BTC keep on climbing and climbing to the prices we see today. So the risks of missing the boat are real, as are the stresses involved.
Good information is crucial to the making of good decisions. This presents a challenge to us. It is vital that you acknowledge just how new cryptocurrencies are as an asset class. While we have seen a few market cycles in the past, we still have a statistically tiny number of cycles from which to work. We do NOT have well established trends or models yet, at least not ones accurate enough to trade on. We have best guesses based on extrapolated data, but we know that those guesses will grow increasingly inaccurate over time.
Remember: you are not special. You are not the one to which the rules do not apply. Most amateur traders lose money. Fact.
I am working hard to try to determine the most accurate trendlines possible. I am also devising a profit-taking system of my own based on those trendlines. It is a “sell and rebuy” system like the one described above, but it is still a work in progress. I believe that I am getting close to a good and accurately predicted strategy, but even so, it’s still susceptible to the risks mentioned above. I have started typing a post about my strategy, but like the strategy itself, it’s still a work in progress. If I can get it to a level at which I am 90%+ confident in it, I will share it with you and will execute the strategy myself.
Further Considerations
Before I end this post, there are a few more considerations which I would quickly like to mention.
When taking profits, plan which currency what you wish to sell into. Fiat currencies are an option, but I do not recommend them. Fiat currencies are immediately traceable by governments and banks, once you sit with fiat transactions, you sit with the issue of paying tax on your crypto gains. As I have said before: crypto has NOTHING to do with your government or banks, and they have no right to tax you on it – provided that you leave it in crypto. If you’re careless or cowardly enough to tell your government what you are doing in the world of crypto, well then, that’s your fault. Remember: the most effective way to imprison a person is to get them to build the prison walls within their own mind. Are you your own jailor?
What that means is that it’s probably best to trade BTC into stablecoins. As much as I hate stablecoins – they’re really just money-making schemes for centralised entities – I hate fiat currencies a whole lot more. Yes yes, I understand that stablecoins form a bridge for users and that they offer convenience and familiarity. But if they are so terribly necessary to crypto, how is it that I never need to use them? That will change if I decide to take profits. I’ll sell BTC and hold it in stablecoins, and then buy it back later. Note, I said stablecoinS. Since I don’t really trust or believe in any of them, I’ll trade into several of them, in order to split the risk.
If I do take some profits for myself, chances are that I’ll invest some of that money in precious metals. While inferior to crypto in many ways, there is still serious value in Gold, Silver and Platinum (hot tip: I think that Platinum is going to do very well this year!). Holding precious metals helps to further spread risk and is a good idea. Just note that the precious metals market is also complex, not to mention highly regulated. DYOR before you even dream of getting into it. (Leave the more exotic precious metals like Rhodium and Palladium unless you really know what you’re doing.)
I will never sell all of my BTC. I don’t see myself selling more than half, and that’s a maximum figure. I need to mitigate some of the risks, risks like “BTC just keeps on climbing” or “Tether turns into a full-blown exit scam and goes to zero”.
There is another consideration: so far I’ve only really spoken about BTC, what about the altcoins? When and how does one take profits on them? That’s a particularly difficult question and there is no simple answer to it. Some altcoins are staked long-term and can’t simply be sold without sacrificing major future gains, if at all. Some, like exchange coins, may do well during periods of bearish selling and may be worth holding no matter what the market does. Some may be going through periods of great adoption and increasing in value despite an opposite market trend. Some may benefit from a hype event such as a main net launch.
It is my opinion that most altcoins are undervalued. I measure altcoin value in sats. Apart from a few over-hyped coins, most of which are currently in the top 20 by market cap, I expect most good (not the hoards of trashy ones which are designed to make someone a quick buck) altcoins to see new ATHs when measured in sats. Taking profits in altcoins is about having realistic expectations as to what total market cap the coin might reach, and about not missing selling opportunities due to excessive greed. When I sell altcoins, I sell to BTC. The job of my altcoins is to help grow my BTC stack. At the end of the day, BTC is my one and only long-term store-of-value coin, so it makes sense to bank my gains in BTC.
Exactly when and how much I bank is hard to say. I truly believe that some of my altcoins have the potential to rival some of the largest companies in existence today. Cryptocurrencies are not the same as shares in a company (in most cases), but they behave in a similar fashion. There is no reason why we can’t have trillion dollar market cap altcoins. Because of this, I will probably never sell my way entirely out of a good altcoin, at least not for the purpose of taking profits. Instead I will sell e.g. 10% of it at a specific sats value, and another 10% at a value 5x higher than that, and another 10% 5 x higher, etc.
The final consideration I wish to mention is financial situation. It’s easy for me to say “Don’t take profits!”, but for some people it may be impossible not to do so. I am acutely aware of the dire financial circumstances in which many people find themselves, especially in these times of government mandated economic shutdowns and rapidly rising costs of living (inflation – note that real inflation and government inflation figures are two vastly different things!). I know that some people may have to sell their crypto even though they don’t want to. I sympathise.
What I do suggest to people in such a situation is: do your best to cut every other expense to the bone before selling off your crypto. From personal experience I can tell you that I took a 50% income cut two years ago. The way I survived was to start budgeting from the ground up. I terminated every contract, account etc that was costing me money, and focussed on paying off interest-bearing debts. I cut luxuries out altogether: no fancy phones, no new clothing, no vacations, no eating out, etc. I’ve even (politely) refused to let my wife buy me birthday presents since 2018. It’s not pleasant at first, but you soon get used to it. The long-term goals are more important to me than the short-term pleasures and I’m honestly not unhappy living this way. I’m sure that it actually does me good. Even so, I acknowledge that I’m lucky: I still get paid something – many people don’t, I could afford to pay off my debts – most people can’t.
So as a final message, I say this to you: do whatever you can to keep as much as you can afford to in crypto. I am staking my own future in it, and I know that every dollar of crypto I save today is potentially $100+ of crypto in a few years time. Whatever you do, I wish you luck and prosperity.
Yours in crypto
Bit Brain
All charts made by Bit Brain with TradingView
“The secret to success: find out where people are going and get there first”
~ Mark Twain
“Crypto does not require institutional investment to succeed; institutions require crypto investments to remain successful”
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