Market Dip is a Time for Savings Club

I remember when I was little girl, the climate around the neighborhood was doing the savings club.

Where bunch of women used to gather every month and save specific amount and have fund pooling.

In this type of the fund pooling, each member gets one round where they get to win the pooled funds. And that was means to be savings within the pooled funding with multiple women.

This applies to the crypto portfolio too. You may find that doing the savings club formula always works out for the times when you need the money.

How does this applies for the crypto dip times?

Let's talk about how we can model this in our crypto portfolio.

How can you make your own crypto savings club?

You start with one coin. Let's say bitcoin cash. You earn it through noise.cash or you buy it from binance or even write articles or the content in the read.cash.

Either way you have to keep the cashflow going on. And then keep the coin into savings like say coins like flexUSD or say some smartbch token.

Here the goal is routinely pick up coins which you are going to be holding long term and sell when the market is good.

So if not bitcoin cash you can choose another coin like say Binance USD. This way your money is protected in the stablecoin.

Your use of the stablecoin for the dip times would work out if you are going through any form of the emergency use.

Does this formula of savings works with the Bitcoin Cash?

Yes. The cycle for the savings work with the bitcoin cash. You can easily save, hold and sell as needed.

A lot of investors these days who have seen the matured up and down cycle of the bitcoin cash follow this model.

If you are into the investing first time this type of cycle of investment takes time to understand and learn.

What to do when market improves?

You start to withdraw the coins for your use case like say some expenses that you have to pay off. You start to do that once the market improves.

If the market again goes down, you have to choose the same formula of savings. You spend that money into the stablecoin the moment market starts rapid speed of going down.

Stablecoins are your friends when you see the market is going down. A lot of time the market movement and improvements are understandable through this way.

Cycle of Save, Invest, Hodl and Sell

You start with the habit of the saving of money. You then move into the investment cycle.

You hold and earn the interest of the coin or the tokens and then decide what to do with the invested returns that you can get.

Most of the time selling the returns if you need the money badly is a good option. A lot of people are approaching the cycle this way.

You don't have to hodl forever and choose to sell when it matters to you. Make sure you follow the cycle in a healthy way so that it continues to pay you.

How do you choose to make use of savings?

Savings are different concept for each one of us. I prefer to save the coins in batches and it's own purpose. I have recently blogged about it here.

But savings is personal for each one of us.

Do you follow savings model? How do you save and how do you plan and execute it?