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Usually the attempt to take a loan does not end well, because when you get a loan, you will pay not only the loan, but also the interest on it. So the expected return on the loan should be much higher than the loan itself. This raises the question - can we now expect more profits from investing in bitcoin. If so, when?
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In order to avoid mistakes as much as possible, you should start by simply observing how experienced traders operate. Then you need to analyze various strategies and choose the most appropriate one for your trading style. Of course, it is necessary to understand that it is impossible to avoid mistakes completely
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Usually the news is played out before it becomes widespread. As the saying goes, buy on rumor, sell on news. That is why you should not trust indicators at all. They show people's reaction to news, which have already been played out. It is necessary to look for hidden factors and signs, rather than focusing on what everyone sees.
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It doesn't seem specific enough to think that every human being is a wasteful spender, because for me it's just about a person's character to use something excessively for what he needs so that it must be called wasteful. But if you do research on this matter on several people with a very modest level of living, you will definitely find differences between some of these people so it won't be specific if everything is to be considered wasteful because basically there are humans who are able to save money for themselves.
Spending money should be reasonable. If you spend your whole life saving every penny, what is the point of saving money? Children who inherit money are likely to squander it quickly. In this case, money is evil. Therefore, a person should not be a spender or a miser. One should choose a reasonable middle ground. |
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During pandemic more people suffer and experience of hunger . Since we all know some government can't give all support of the community and due of pandemic everything was lost . Planting vegetables is everything I did in order to survive with my family , cause that time there's no work and transportation.
It should be clearly understood that the situation could happen again. Therefore, it is necessary to have a plan in case of a negative scenario. It is naive to think that everything is gone forever. Perhaps this is just a warm-up before something more frightening. That's why you need to think through your actions and your behavior right now - there may not be enough time later. |
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The creation of new currencies may not affect bitcoin in any way, as these currencies may simply not be used on cryptocurrency exchanges. new currencies can be used for internal settlements. So I wouldn't get too euphoric about this news. Plans can change repeatedly.
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Business with a friend is complicated by the fact that one initially trusts the friend. But that friend may end up being false, jealous, or lacking the right business qualities. Or circumstances may arise when the friend, without wishing it, will be forced to betray (due to financial circumstances or under threats).
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Not only mindset but the way of living. There is nothing worth noting that if someone wanted to change he needs to changes the way he do things. Mindset is just a generalized vague word. Let us say the person wanted to get out of poverty that is his plan and his mind is set on that plan. Doesn't change their mindset defeat their purpose of getting out of poverty? At most the best advice is to change his way of living. If he is lazy then be hard working. If he lacks knowledge then strive to learn. If he is shy then be confident. It is much better to list the things need to do than just saying vague stuff like changing your mindset.
To change their lifestyle, a person needs motivation. It is not uncommon for homeless people to enjoy their way of life. The ephemeral freedom, the independence from society, the ability to do anything - many of them find pleasure in it. They just get used to living in poverty - and don't even want to change anything. So it's the way of thinking that counts. |
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No matter what kind type of money you bring in your pocket as long as you can't manage really well on what you really need and what you want in living your life , i mean those people who have so much money in the bank tend to strictly spend their money compared to those who have less money in the bank tend to spend more due lack of financial literacy.
So yeah those who spend more than what they earn havent through much in living the life so they would always feel curious about stuff that they haven't owned.
Government policy today is aimed at encouraging people to spend more than they earn. Mortgages, affordable loans, fast money. Buy now and get a discount (and people buy on credit - even if they don't really need the product). A vacation trip - when a person spends in a month of vacation all the money they saved up for a whole year. The state benefits from credit bondage. Anything can be done with such people, and they will not be able to resist. |
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I feel what happened to you, when I first got into cryptocurrencies I'm also a victim of ponzi schemes in many times. I was so quick to believe in the promise that can be obtained by investing in them. It's not a huge amount that was lost, but it's still the essence of my hard work, so I'm very sorry. Now before i go in investing, first study the company that i want to invest , see if they have a great reputation and if they have proven things. But we know that they are good at making people smell good to attract a bite in their trap.
The best thing to do now is to study different investments such as staking, mining and many more . Remember always be careful and think twice before investing.
Any company can disappear or go bankrupt-even one with a long-standing excellent reputation. Some companies purposely create a great ephemeral reputation in order to disappear after raising a huge amount of money. Losing money is part of life, and you shouldn't dwell on it too much. You should try to find a positive even in this extremely unpleasant event. |
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The G20 meeting is first and foremost a meeting of global manipulators. So don't take their words or threats seriously. They, too, trade in the cryptocurrency market - and transactions are not necessarily made through exchanges. Therefore, it is not beneficial for them to impose a ban on cryptocurrency transactions. I don't think they will be sawing off the bough they are sitting on.
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It is difficult to find a golden mean between the degree of risk and the amount of profit. It is possible to risk a little for a long time, opening a trade and immediately closing it when the price goes lower. But will the profit justify the time cost. And there's always the possibility that one bad trade could wipe out all your profits.
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That is where many individuals get it wrong when it gets to acquiring knowledge first before considering going into trading, majority of people always put the profit before the knowledge, which is why a lot fall victim to scams and end up trading when they are supposed to be holding trading has its own risk, so you must be emotionally prepared to lose more money than you make. cryptocurrency is a process if you want to actually want to succeed.
Trading is actually very interesting if people can understand the process it's fun, and like said before is always about the profit for many, I think sometimes experience id the best teacher once you don't have the knowledge and you loose money then you learn.
Losing money is part of life. No one has ever lost anything. The main thing is to learn the right lessons from it. And you have to understand that in the beginning you can only lose money, and when in time you become immune, you can finally start making good money. Perhaps you need this bad experience so that you will always have good luck later on. |
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It’s common for the people while considering online assets, especially the crypto currency and most include with bitcoin.Actually it’s big money to save 80% of your income.Actually saving is good habit,but meanwhile have some fun with your money too.Then you can inverse Upto 50% as your savings.It’s my opinion,if you still have a idea to save 80% of your savings.I don’t have any objections you to inverse of 80% as your savings.If you are planned to inverse in bitcoin or crypto currency,it’s not at all decision with your mistake.It will expected one to save your money in crypto currency.
We can only talk about the safety of savings when the exchange rate is stable. And bitcoin is still too volatile. What safety can you talk about if you invested in bitcoin when it was worth 60,000 and two years later you urgently need money when it is worth 27,000? That's a clear loss of money, not preservation. And just because bitcoin has always gone up in value, that doesn't mean it always will. And you may not have two or more years to wait. |
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The more they talk about recession, the less likely it is to happen. I think recessions are a scarecrow just to take more assets out of weak hands. There will be a presidential election in the U.S. in November 2024. So it's unlikely that a recession will actually be allowed to happen. But if President Biden's administration finds a way out, it will give Biden extra points in the presidential race.
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The big lesson is that we should not be greedy and not run after quick profits to avoid any form of investment that we are not directly in a charge of or not 100% involved in it ruining, this is the only way to stay away from scams.
Most of those who fall victim to such investment scams are looking for third-party investors who will be in charge of their funds instead of being in charge of t investment themselves.
People who subconsciously want to lose money often look for high-risk projects to invest in. People who have invested, for example, in an MMM pyramid scheme, after losing money start looking for similar pyramid schemes again (such facts are not isolated). Gambling eclipses reason. |
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Nowadays, despite all the arguments about bitcoin's limitations and other advantages, people prefer to use what they can hold in their hands as a universal medium of exchange. Gold can be held in their hands, but bitcoin cannot. As for the value of gold - I don't think gold will rise in value indefinitely. Perhaps it will come to a certain stability soon.
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Money rules the world because most people who make up society will not want to perform one function or another without some kind of incentive. And money is the universal incentive. As a result, people become slaves to money (by money I mean any means of exchange). At one time they tried to build communism, but the mass of people are not willing to work for high ideas rather than incentives.
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Trading with emotions as a trader is wrong, it won't yield to any result. Trading with emotions is just as a revenge to gain back money that was loss. Trading needs to be done with a clear mind that is positive, trading with with emotions has exceed just trading. At this point trading it is no longer called trading but gambling just to obtain profits at all cost. If people have the real understanding of trading I don't think they will choose or make decisions to trade in emotions.
It is impossible to trade without emotions, because a human being is not a robot. It is impossible to control all your actions all the time, otherwise you will get "emotional burnout" or overstrain, as a result of which you will make a mistake anyway. You yourself experience emotions while trading, don't you? Most likely, yes. If you want to trade without emotion, set up a trading bot. |
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