4 Mistakes with Crypto Investing and How to Avoid Them

After a 50% correction, cryptocurrency might just be getting back on its feet. With the recent debate between some of the biggest names in crypto resulting in some positivity, is now the best time to be investing in cryptocurrency?

If you’re thinking about investing in crypto right now, then make sure you avoid these 4 common mistakes with crypto investing.

1. Investing Too Much

When people see the potential upside of the cryptocurrency market it’s hard not to get excited. But that upside comes with a lot of volatility and the value of any cryptocurrency is as subject to going down as it is up.

Before you invest, make sure you’re only allocating as much money as you could afford to lose. Major corrections happen all the time and some coins don’t recover.

2. Not Doing Your Own Research

Coin shillers are all over social media and YouTube. It’s quite common for coins with little to no fundamentals to be hyped up on the internet. Shortly after the hype comes a crash these coins never recover from.

Don’t just buy a coin because it’s being talked about on Twitter. Be sure to do your own research. It’s important to look at the price charts of coins to see how they have behaved in the past.

Also, be sure to research the company behind the coin and look into the practical applications of the coin. If a coin isn’t doing anything to move the crypto space forward then it probably isn’t going to survive.

Make sure you know about cryptocurrency in general too. Understand where the market has been and where it is going. Take a look at the following site for a run-down on the history of cryptocurrency.

3. Chasing the Pumps

When you’re looking into investing in crypto it’s easy to fall into the trap of choosing coins based on their percentage gains. You might see a coin that has done 80% in the last 24 hours. Buying into these coins isn’t necessarily a bad idea, but it is important to wait.

As with all other fluctuating investments, cryptocurrencies go up and they come down. If you see a coin that is moving quickly, wait to see when it settles, and aim to buy it when it corrects.

Learning a little about technical analysis can be a great way of finding the best prices to buy a coin.

4. Being Led By Emotions

The volatility in cryptocurrency can make it hard not to get emotionally involved. After all, it is your money. When your favorite coin drops 20% you might want to sell it.

It is important to remember that the market moves in waves and by understanding technical analysis you can plan your entry and exit points without having emotions lead the way.

Avoid These Mistakes With Crypto Investing

There is a lot of money to be made in cryptocurrency but these common mistakes with crypto investing can soon see the value of your portfolio decrease. As with any form of investment, only invest money that you can afford to lose and make sure you go into your investment with a plan.

For more finance and lifestyle articles like this one, be sure to take a look at the rest of our site.

Why You Need to Become a Skilled Trader

Traders need to execute the trade with precision so that they can become successful. However, for this, they need to become skilled. If you think, without being proficient in trading, you can become successful, you are wrong. Because, to trade properly, you have to know about the pros and cons of the market. Otherwise, you can’t understand when to place, and what sort of techniques you need to apply. That’s why the majority of traders are busy improving themselves. Because they know, if they don’t focus on making progress, they can’t cope up with the market.

In this post, we will discuss why the traders need to become skilled. Being a trader, you should know about this. Otherwise, it would become tough to get the motivation for trading. So, let’s know about these.

Financial Freedom

To get financial freedom, you need to know about the ways of winning the trades. Without learning about the art of trading, it’s not possible to make the money. Many traders don’t focus on knowing about the different types of techniques about the trading. For this reason, they can’t do well in the market. However, elite traders always focus on knowing about the dynamics of the market. For this reason, they might able to increase the win rate.

Trade like a boss

Pro traders know how to close the trades profitably. They choose the right trade and thus make a big sum of money. They also know, in which condition they need to place the trade. Because they have proper idea about the market. But, being a retail trader, if you don’t gain the proper knowledge about the market, it would become tough for them to execute the trade at the right time. However, if you want to trade confidently, you should learn about the market. You may also join here and learn from the free resources at Saxo. But remember, without having a strong knowledge, you should never take trades in the real market.

Trade with discipline

Professionals always maintain a routine so that they can do their work in time. To become a winner, it’s important to maintain discipline. But, to keep the discipline, you need to become a master of trading. In the initial stage, most of the traders can’t work with proper discipline. Because they are new in the field and don’t have enough knowledge and skills. But, with the time being, they will know about the market and thus understand the importance of discipline. So, being a trader, you need to improve your performance.

Fulfill the dream

If you want to fulfill your dream, you have to recognize the different patterns of the market with the help of indicators. Some traders take the high leverage as they have a lack of knowledge. For this reason, they will lose money. But, if they are pro in trading, they will understand, excessive leverage is not good for trading. Sometimes, it increases the risk.

As a trader, if you want to fulfill your dream, you need to firstly prepare for the trading battle. Because, without taking the right actions, it’s not possible to do well.

Trade with patience

Most of the traders face difficulties to keep patience. Due to this, they face a big problem. To get the potential trade set up, you have to keep patience. Because, every time, you will not get a good opportunity. Without getting the proper opportunity, you can’t make the money. But, newbies will not understand the importance of increasing patience. But, if they can gather enough experience about the market, it’s possible to improve the patience level. Bear in mind, if you act restlessly, you might face a major loss.

By reading this post, you might understand, why it’s important to trade like a pro. So, try to practice properly so that you can improve yourself. Otherwise, it might be tough for you to ensure success and reach your target.

Little Known Benefits of Old Gold Coins You Need to Know

It’s no surprise that gold prices rose almost 20% in the weeks after the stock market crash. Central banks were manufacturing unheard-of amounts of cash aimed at stimulating the economy. With so much cash floating around, the odds of inflation were very much a reality. Not only that, but the value of a dollar decreased dramatically.

While central banks can print an unlimited amount of paper money, you can’t do that with gold. Because of this, many see gold as a benefit and are happy to store their old gold coins in a safe place. Gold is still an asset when the value of a dollar slumps. As a result, many recommend investing in gold insurance.

Benefits of Buying Old Gold Coins

Buying gold bars or old gold coins is one of the more fulfilling ways to own it. You’ll get pleasure from physically being able to look at it and feel it. There’s something about pure gold that is most gratifying. However, owning gold has its disadvantages, especially if you have a lot. However, it’s a drawback most people wouldn’t mind having, and that is the owner must secure it. Still, gold has always been a traditional investment, and here’s why:

  • The price of gold increases when other currencies decline
  • Gold acts as a deterrent to inflation
  • You are not responsible for taxes until you sell it
  • No one needs to know you have it

While gold performs well sometimes, you don’t always know when it’s the best time to buy. It’s tough knowing when gold is low enough to purchase it since it doesn’t generate a steady flow of cash. If you invest in stocks, you know when the time is right based on the company’s performance. But if you have old gold coins, they could save your life. Well, depending on what coin you owned, you could be a million dollars richer.

Best Selling Old Gold Coins

You can buy and sell silver and old gold coins under the worst economic conditions, even during a massive currency devaluation. You may think that’s absurd, but if you look at other countries, you know it’s possible.

1833 $5 Gold Half Eagle Coin

If you have a 1833, $5 gold half eagle coin in immaculate condition, you have a rare keepsake valued at $1,351,250.00. This coin has magnificent surface depth and has an indistinct cameo impression. They even perfectly define the tiniest features. There are two like this in the world. Who has the other old gold coin like this one? None other than the Smithsonian Institution’s National Numismatic Collection.

1921 Roman Proof Saint-Gaudens $20 Gold Double Eagle

The grade on this $20 gold double eagle coin suggests that it’s in better condition than the previous gold coin. Experts mistakenly graded it as an MS-63 rather than the PR-63. They struck the original coin for Raymond T. Baker, who was then the director of the US Mint. Because Baker announced he was an uncle, the mint workers wanted to give recognition to his nephew’s recent birth. No one knows how many 1921 old gold coins there are like this one, but this one has a value of $1,495,000.00

1920-S Indian $10 Gold Eagle

Gold coins were widely and frequently distributed in 1920. It’s not surprising that the San Francisco mint struck 126,500 $10 gold eagle coins in that year. Most of today’s old gold coins are in extremely fine to near uncirculated condition. They don’t make the Mint State coins with the same respect and articulate manner as other coins. They lack finer design features. This is the finest known eagle with a value of $1725,000.00.

What is Risk Capital?

When it comes to investing, a truism to bear in mind is that potential reward is always directly proportionate to the level of risk you are willing to tolerate. While low-risk investments are best suited to most areas of your financial life, such as your index fund portfolio or your pension funds, it is important to buttress this with a small element of high-risk, high-reward ventures. This is where risk capital comes in.

Risk capital is, essentially, the proportion of your savings and income that is dedicated to riskier ventures. It is money that investors are generally comfortable with losing, as losing the money would not have a particularly adverse impact on their overall financial health. Risk capital is an important part of any healthy investment strategy. Let’s dive into how risk capital actually works.

Risk Capital is Similar to Betting

To fully understand the principles behind risk capital, it is helpful to look at the world of sports betting. When betting, the idea is to have a “bankroll”. This is a proportion of your funds that you are dedicated solely to betting as a form of entertainment. It is money you are happy to “spend” on that entertainment, meaning that, although winning the jackpot would be a nice bonus, it’s fine if you don’t.

Much like with risk capital investments, you can make smarter use of your betting bankroll by consulting material such as expert sports betting analysis and news, to help you make informed decisions with how you spend it.

Risk Capital Works Better for Certain Investors

It’s worth pointing out that, although risk capital should be a part of any investor’s portfolio, certain types of investors are better suited to higher amounts of risk capital. Obviously, younger investors who are in their 20s or early 30s and are just starting out can afford to incorporate greater amounts of risk capital into their portfolios.

This is because losses are not as keenly felt, as they have much more time to rebuild wealth over the decades. In addition, wealthier investors are more likely to have larger amounts of risk capital, as their larger and more diverse income streams mean that the “risk” element is always going to be less. You should always have an honest conversation with yourself over how much risk you can actually afford.

What is a Risk Capital Investment?

There are many examples of risk capital investments. The most important thing is that they could potentially result in very large and quick returns if they go the right way. Penny stocks are one popular example, as are volatile cryptocurrencies such as Ethereum and Dogecoin.

Day trading and forex trades are popular avenues for risk capital investments, as are large stock purchases from a single company, usually a hot-ticket item such as Zoom or Deliveroo. Many people use risk capital to invest in a small business, often a business belonging to a friend. This way, they are doing their friend a favor while also potentially lining themselves up for a big payday further down the line.

Risk capital is a way of making your spare cash work for you. The important thing is to make sure that any risk capital you invest is money you are 100% comfortable with losing. Once this is the case, you really have nothing to lose.

4 Benefits of Salesforce CRM Integration

Are you working with a CRM (Customer Relationship Management) platform? These systems are used by a multitude of organizations worldwide to manage sales and service, which are of core value for their success.

CRM platforms manage every information related to customer relationships, making them convenient for employees of different departments. They provide trustworthy reporting, automated messaging, dashboards, and collaboration between departments. Platforms like Salesforce offer a plethora of tools for sending and receiving data.

Get familiar with the benefits of integrating such a system.

Reliable reporting

Among the greatest benefits of Salesforce CRM integration is trustworthy reporting. It helps companies organize and analyze their data. Unlike the other systems for customer relationship management, it helps companies see the way in which leads and customers interact with them. Consumers can be categorized in one of the sales funnel stages as leads, opportunities, or sales. Learn more about how a sales lead works.

For instance, leads are the consumers who express interest in a particular business, such as through filling out a form. In spite of being prospective customers, companies aren’t certain whether these leads will complete their journey by making a purchase or using their services. In order for a lead to transform into an opportunity, it has to move towards the final stage of the sales funnel.

When a person puts an item into the shopping cart with the intention of making a later purchase, he/she becomes an opportunity. While social media platforms cannot show the location of potential buyers in the sales funnel, CRM platforms can. The reports provided by these platforms reveal the most successful ads, which guide leads down the end of the funnel.

The moment a person turns into a customer, companies shouldn’t finish their task of data collection and analysis. It’s of tremendous importance for organizations to collect data before the purchases of customers, as well as collect extra data on their habits following the purchase. CRM platforms provide valuable information through their reports, explaining the exact way in which people interact with companies.

Moreover, the data provided in these reports assists companies in improving the communication they have with the current audience and the individuals who have shown interest at some point in the past. These reports facilitate the decision-making process and help companies make important decisions. For further guidance on more effective communication with customers, go to this site https://www.business2community.com/communications/how-to-communicate-more-effectively-with-customers-02052769.


Another advantage of CRM integration is the use of dashboards. Every employee with login credentials can set up a dashboard to present different types of data. For instance, marketing directors can use these dashboards to display email marketing metrics, like click-through rates. Such a dashboard can show the number of people the email was sent to and those who opened it.

Conversely, sales directors can use these dashboards to discover the number of calls made within an hour and those resulting in positive action. Employees of different departments can create different dashboards, focusing on specific metrics and details. These can be configured with charts, graphs, and tables to showcase data more effectively.


CRM integration provides companies with an opportunity to use automated messaging. This type of messaging allows businesses to place individuals into drip campaigns. CRM platforms enable businesses to send automated emails to potential customers after these people take specific actions.

When a tour company notices that some of the site visitors are interested in a trip to Italy, it can create a drip campaign for trips in Europe. Automation is also helpful in removing people from particular drip campaigns after they’ve completed the expected actions. For example, once a person books the trip to Italy, there’s no point in sending further emails on this topic to prevent confusion.

The power of automation provided by CRM systems allows employees to reduce the time for lead nurturing in drip campaigns, use customer parameters to score leads, and handle customer questions with chatbots. Instead of wasting time on analyzing data, companies can serve their consumers in a better way by creating appealing marketing campaigns, working with consumers with complex needs, etc.


CRM platforms enable users to collaborate when working on the same file so as for every employee to keep track of the progress. The leading CRM platforms, such as Salesforce CRM Integration, rely on various tools to manage key business processes. Departments like marketing, customer service, and sales should work simultaneously to make customers happy.

Every time a salesperson has a conversation with a consumer, he/she should fill in its record with the newly obtained information. Later on, the other system users can access the shared record and learn useful info.

Final word

A CRM platform is essential for every organization looking to improve its relationships with consumers.

It benefits companies in many ways!

4 Top Tips for Getting Started with Investing

Growing your wealth and financial freedom is a huge goal to have, and investing is often the best way to meet it. Working smarter rather than harder is what most of the world’s self-made millionaires have done in order to get where they are today. Making smart investments over time can be one of the best ways to make your money work harder for you, rather than simply taking on more hours at work. Investing a percentage of your income on a regular basis is renowned as one of the best ways to growth wealth – but how do you get started? Keep these top tips in mind.

Get Advice:

If you are completely new to investing, it can be worth looking for professional financial planning advice from affiancefinancial.com to help you get started on the right foot. A professional can advise you on a number of different topics to consider including the best types of investments for you to make, how much you should invest, and more. They can also help you get started when you want to start diversifying your investments and looking into different avenues of growing your money even further.

Reduce Your Debt:

Becoming debt-free before you start investing is a good step to take. It’s important that you are in full control of your personal finances before you start making any investments, so pay down as much debt as possible. If you have a mortgage on your home, this is usually a debt that doesn’t have to be paid off before you start investing – although you might want to consider making overpayments on your mortgage once you have freed up cash by paying off credit cards, loans, and any other type of debts. There are various methods for paying off your debts quickly including the debt snowball and debt avalanche methods, which work by either paying off your debts starting with the smallest first or the highest interest.

Choosing the Right Investment:

It is important to spend some time considering which type of investment will be the right one for you to make. If you are just starting out, it’s best to start with an investment type that is fairly well-known and has a lot of information available on it for you to learn from. In addition, it is worth thinking about the type of risk that you are willing to take by making an investment, and opt for a low-risk choice to help you get started.

Budgeting for Investments:

Finally, every investment can be a risk, so it’s important to only invest money that you are prepared to lose. Never invest money that you might need to spend elsewhere like on your mortgage or priority bills payments. You should go through your income and expenses with a fine tooth-comb to determine just how much you can afford to comfortably invest on a weekly or monthly basis without putting yourself in any financial trouble.

Investing your money is a great way to build wealth, but many people struggle when it comes to getting started. Keep these tips in mind and start making your money work harder for you from today.

Why You Should Use an IT Service as an SME

Small or medium enterprises simply do not have the same resources as larger corporations. They have smaller teams of staff and less expendable cash to play around with, but this doesn’t mean that they can’t still be incredibly successful or even grow into a bigger business in the future. However, to do this, SMEs will need to consider their options and look at ways they can streamline their operations so they can focus on more important business goals. To ease the pressure on in-house teams and still get high-quality work, outsourcing certain jobs to other professional services could be the best solution. One service all SMEs should consider using is an IT management service, and here are some reasons why.

It Saves Time

Even if you do have a small IT team in-house, using an external service could provide them with additional support to help them manage their workflow. An IT management service can remotely update your business computers and fix any technical issues that might be slowing your team down so you can all get back to work as quickly as possible.

Increase Security

Any business must make sure their data is secure, as well as their customer details. In the digital age, there seem to be more complicated online threats that are evolving all the time, so it can be hard to keep up with this if you’re not an IT expert. This is where an IT service comes in. They can help to advise you on the best cybersecurity software your company should be using, as well as keeping it all updated to avoid any potential breaches.

24/7 Assistance

Another big benefit of using an external IT service is that you can get help from them at any time. If you have staff that is working at the weekends or pulling a late shift to complete a project, they will have access to IT support if anything goes wrong. You won’t have to wait until Monday morning to get help to fix your network; they can get on with it as soon as you notify them of the problem.

They Can Make Recommendations

As mentioned previously, your IT service can advise you on cybersecurity, but they can give you recommendations for other software that your company might find useful. It might be HR management, accounting, DevOps, or other communication tools that will get your teams working more efficiently.


If you’re concerned that using an IT service is going to eat into your budget, don’t let that stop you from giving it a go. Although it might seem highly expensive at first glance, they are very cost-effective when you consider all the positive outcomes they can offer your business. It’s a great return on investment when you see how your teams can be more productive.

There are a lot of services you can outsource to as an SME, but an IT management service is certainly one you need to try out first. You’ll be thrilled to see how helpful they can be so you’ll never have to worry about IT issues again.

A Comprehensive Guide to Short Message Service (SMS) Loans

How familiar are you with SMS loans? The application procedure for these credits is virtually the same as the application for unsecured loans; only the former can be obtained through a text message.

These microloans have short repayment terms and sky-high interest rates. Every applicant has to meet the eligibility requirements of financial institutions to get his/her application approved. Financial institutions impose minimum age and income requirements, as well as check the credit score of candidates.

SMS loans can easily lead to debt accumulation if the installments aren’t paid every month. Such scenarios usually happen when borrowers take out more than one microloan.

The guide below will introduce you to all aspects related to SMS loans.

What is an SMS loan?

SMS loans are short-term, unsecured loans available to borrowers after sending a text message to the bank offering them. Once you send an application, the answer from the lender is supposed to arrive in a few hours. Nevertheless, the procedure for obtaining such credit doesn’t just involve sending an SMS. Applicants are still required to sign an agreement, which is usually sent over email.

Moreover, in Norway, the amount of these credits is no higher than several thousand kroner. Most banks also provide a form on their websites for applicants to fill in instead of sending a text message. The interest on SMS loans is relatively high, and they must be repaid in a short timeframe.

The largest number of Norwegian banks offer microloans up to 30,000 kroner, not higher. The most extensive repayment period is twelve months. The inability of applicants to pay off the installments during the arranged period might lead to debt problems. See this page for some useful tips on dealing with debt.

Interest rates and fees

As far as interest rates are concerned, SMS loans have shockingly high rates due to the short-term nature of the credits. For instance, by borrowing 10,000 kroner to pay back in a twelve-month period, the interest and other expenses would approximately cost NOK 4,000.

The lower the sum you borrow, the higher the interest percentage. The same goes for the period of repayment. The shorter the timeframe, the more money you’ll pay for interest. Many applicants are confused by the sky-high rates when compared to the short length of the credit. Nevertheless, banks calculate the rates on an annual basis regardless of the repayment period. Even if you agree to pay the money off in two months, the interest will account for the entire year.

Borrowers should beware of potential debt problems interested in taking out an SMS loan. By taking out a single one, there is a low risk of defaulting on it. Some individuals, however, make the mistake of taking out several credits at the same time, which significantly increases their borrowing costs every month. Unless you wish to end up deep in the red, applying for a single microloan would be a wise decision.

Another thing to consider besides the interest rates is the establishment fee on SMS loans. If interested in applying for an SMS loan, these forbrukslån.no – SMS loan tips will assist you in making the best choice. The establishment fee is charged by banks once an applicant takes out a credit to cover the cost for providing him/her with credit assistance. In case the establishment fee is much higher than the borrowed sum, it tends to increase the interest rate.

The usual establishment fee charged by banks in Norway is approximately NOK 900. Some banks oblige borrowers to pay the same fee regardless of the loaned sum. In contrast, other banks lower the establishment fee if the loaned sum is small.

Application requirements

When applying for an SMS loan, every applicant is expected to consider the minimum requirements for getting his/her application approved. Age is an important factor considered by banks, as a person has to be old enough to be considered eligible. The age requirement of certain banks is for applicants to be at least eighteen years old, whereas most financial institutions require them to be twenty years old. The strictest lenders require borrowers to be twenty-five years old.

In addition, most banks don’t allow borrowers to submit an application if they’re over seventy or seventy-five years old. Lenders also take a close look at the income of borrowers, which isn’t universal. For instance, the minimum income requirement required by banks is between 100,000 and 150,000 kroner on an annual basis. Strict lenders impose a requirement for the minimum annual income of applicants to be NOK 250,000.

Fortunately, when it comes to SMS loans, almost all borrowers meet the minimum income requirements by lenders. Additionally, moneylenders consider the amount one is borrowing as a deciding factor. They compare the requested amount with the income of the applicant to assess the level of risk.

Besides the requirements imposed by banks, the government also obliges applicants to adhere to certain guidelines. Regarding unsecured credits, the Norwegian Ministry of Finance impedes banks from approving loans to applicants whose incomes aren’t sufficient to cover the necessities, such as food, insurance, rent, etc. See this URL https://www.investopedia.com/ask/answers/110614/whats-difference-between-secured-line-credit-and-unsecured-line-credit.asp#:~:text=Key%20Takeaways,as%20it%20riskier%20for%20lenders., to learn about the difference between secured and unsecured lines of credit.

Borrowers are also supposed to have an income that is large enough to withstand an increase of the interest rate of a minimum of five percent. Banks are prohibited from giving credits to borrowers that exceed their annual income by five times. As per these guidelines, loans have to be paid in fixed monthly installments in a period of a maximum of five years. Exceptions to these guidelines are only granted when the loan is used for the purpose of refinancing.

Credit score

The FICO score of applicants speaks volumes about their creditworthiness, thus explaining why banks take it into account when checking whether one’s application meets the criteria or not. This score is based on the age, credit history, and debts of individuals.

The credit score, however, isn’t considered a crucial factor when getting approval for a microloan. It should be higher than twenty points for an applicant to be seen as eligible. Although it won’t have a tremendous effect on your application, this score will undoubtedly influence the interest rates. Having a good score will help you receive low interest rates. The lower it is, the more money you’ll be required to pay for interest.

Early repayment

Borrowers who intend to settle their SMS loans faster can choose to pay larger installments. For example, by paying a double installment, the interest rates in the future will be reduced. Nevertheless, if you decide to use this opportunity, you’d have to contact the bank in advance for instructions on how to proceed.

Moreover, you’ll have to choose whether to stick to the existing repayment period or have it reduced because of the increased installments. It’s considered wiser for applicants to reduce the repayment term instead of keeping the original one.

Final word

SMS loans are the right choice for borrowers who have no time to waste visiting banks and discussing the terms with bank managers.

You are a text message away from getting the finances you need. Take your chance!

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