This is likely called like using another loan to cover for the old loan and some people live their life like that and it is nothing wrong for them that way. This is certainly a problem for some people though because they can not stand the feeling of not being able to repay their loan. One challenging thing about loan is that the collateral is at risk of forfeiture when you are not able to repay and this is why people do another loan to cover the old one.

Nothing has happened yet that we are to express panic for a collapse of price but know it that it is normal for the price of bitcoin to retrace after a while of steady bull run. The retracement will happen but nobody knows how far down it can pull the price. For instance for the past 24hours the price have been slowly dropping but considerably still holding strong for now.

I think you are right. So many people depend on it without actually confirming if the outcome of the meeting have direct impact on bitcoin and like you said, I don't think it has effect on bitcoin. Such outcome can affect stock and fiat but not bitcoin because they are regulated and controlled but bitcoin is not, therefore you can't limit any investment in bitcoin so it fluctuate on itself.

No I don't think indicators market analysis produce useless results if only you understand it. Indicators are not studied in isolation from charts and if you can do a proper analysis, you can understand it. Although sometimes fundamental can change the charts map but you should also know how to tackle the fundamental as a trader. If you are over staying in the market after you have made reasonable gains then you can be taken away by the winds of fundamental if you are not trading with stop lose.

This is like what happened during the covid-19 pandemic year in 2020 around February during the bear season that bitcoin started to increase. At this time it was so doubtful that bitcoin was going to increase despite the hard effect of the time caused by social distancing, closing of businesses and quarantine of people all around the world. But this never affected bitcoin price rather it went higher. Now it is another uncertainty happening with speculation of price but I think it may come out taking much people unaware to the extent or direction of price before the next halving.

Lol this is the same thing. Catching up with the trend means wanting to set yourself up for the right trend and getting the trend right means easier profit, profit is additional money  . Anyway my point therefore is while catching up with the trend, don't take the wrong hasty decision and invest all you have just because of your convinction that price will automatically start improving. Remember to invest what you can bear to lose. The market don't go up all the time, the corrections are still there

Sorry you have just shared the same idea as I did. I'm sure nobody likes chasing high price or ATH for DCA. Yes if you have to have a particular price in mind as the range you want to DCA then it is still same point and idea that I shared. IMO, I don't like highs for DCA and I think likewise more hodlers don't too. So doing an analysis to wait for price getting there is part of trading also and DCA is either considered as hodling or trading depending on what you have in mind and when you decide to sell.

It is not gambling if you want to do the right thing. All forms of trading involves research and you must have to do that. It is when you don't do that you think of it as gambling but it is not. You have your indicators and research guidelines to go through and also the chart is important. Gambling has no chart and it outcome are strictly based on luck.

Usually it is the real thing to happen in market when the price go up or down. Liquidity and volatility is what traders use to trace or chart out the market direction and with this, it is understandable that the movement or waves are not steadily in one direction except it is going on trend but it will be for a particular moment.

I think one major factor setting rich people apart is that they are always positive in what they are doing. They dream big, set the goals to achieve it and they pursue it with positivity. Having a positive mind is a plus to getting your goals to transform into reality. If you are positive then even when you far, you will easily get up back because you have already conceived the light. Very few people stumble into riches, many plan and fight for it positively for it to come to them.

I don't believe so that a beautiful and comfortable place can be harmful. Such beautiful place can only be harmful if in the real sense there are other beautiful place better than the one we have or are in. In other words if we have reached the pinnacle of our career and acquire all the good things that can make us comfortable and are not looking for more, making it our comfort zone so how will it now be harmful or dangerous to us? No it won't if we have reached the peak of our life and identifying, providing and making somewhere our comfort zone, that is what it is.

It is normal for price to retrace after some bull move and if this happens it won't be a surprise. The resistance levels around 21,000 couldn't stop price to jump to 23,000 and now we have seen a little stop at 23,000.

Hence, I think the next coming week is going to determine if the price level of 23k will be a strong resistance to push price down for a bull correction before the next move but for now, I'm going to stay and watch until the new week to avoid being trapped on the weekend because it is always funny during the weekend.

I'm yet to see the benefit of CBDC at the moment. It is a centralised system that is not free from government interference and manipulation. Well if it is a way to get some US Dollar in exchange like converting or outright sale in exchange for dollar, I would go for that but if not and if there are other alternatives then I will go for the next option.

There is possibility for this because saving of money takes alot of sacrifice that you have to deprive yourself of certain luxury to accumulate your money either in the bank or at your closet. In other words, it is the same thing with bitcoin hodling as it is the same process of deprivation for that time of accumulation and savings. However for bitcoin, you will be more encouraged to do so because of the high expectation of increase in the value of what you are hodling in the future. For example with the last month that bitcoin has been appreciating, it is also reflecting in the portfolio of hodlers certainly which is an added advantage to the culture of hodling of bitcoin.

There is similarity in both and that is the spirit of savings that you still have to retrain yourself from unnecessary spending for fiat and dumping for bitcoin.

I think it is the same story and we share the same measure of scam to it. Investing in Ponzi scheme is a scam already because it will eventually fail. Also back in the past ICO was all over the place and investing on it then seem like it was a sure way to financial independence but it never happened, it all ended in scam. This is the story so far but there is still light at the end because some investment still give you hope for increase soon during the bitcoin bull.

The best for DCA is not to do it by random or weekly or monthly as you said but you need to do an analysis on your own first to check your support and resistance levels and then monitor through the chart to see where price will probably move to before you go in. Basically, it is good that you DCA when the price has dropped because you will have more chances of profit than when you buy on the high after price has broken for bull direction.

Renting is not bad because someone need a place to live and before you think or do anything, this is important but what is bad is to rent an apartment that is beyond your earning income, that is what is bad. If you rent an apartment that you can still eat and make your other expenses balance then you have rented according to the seize of your income but if after you have rented the apartment then you allow other aspect of your financial live to suffer, you have not done a good calculation of your rent expenses. Usually you are suppose to have @least 10% of your income out for rent and not 20% or 30%.

Little things matter in trading and this is why I like this aspect of the post. Some losses that we encounter can be because of little things that we don't put or do right in our order. Things like having patients before taking out your trade is important. Being careful to do a detail analysis can set you right on your trade instead of being in a haste and afterwards regretting taking the trade at that time.

Except that you are talking about Forex trading that has been a while but cryptocurrency trading will not be attributed to the wealthy and stable people in the society. Hodling crypto is far older than trading crypto and cryptocurrency itself is around 11 years old while the wealthy in the society have long been wealthy
before crypto trading became this popular and moreover many wealthy people don't openly associate themselves with cryptocurrency. Someone like Warren buffet as one of the wealthy doesn't publicly support crypto.

Well this is a possibility and something that could be watched out on but what I'm thinking is that the hacker may still decide not to go through such means and sell gradually through P2P. I believe though that the address may be identified but nothing much may come out of it. Don't make mistake of being hacked.