You should exercise caution because your feelings and impulses could skew your judgment. Going into the market to trade requires having a clear head, analytical thinking, and a strategic mentality. As traders, we are well aware of how harmful it is to operate with an emotion-clouded head, know that doubt, anger, anxiety, concern, and the fear of missing out are the offspring of this. Control your emotions if you want to be a profitable and successful trader. Be a trader with discipline. |
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I do not have a strong belief that history charts are a reliable indicator of future developments. This statement perfectly expresses my feelings towards this chart. I believe that it fails to correctly predict any recession. Even if the chart shows that inversions of the 50-day SMA of the 10-year treasury rates minus the 50-day SMA of the 3-month treasury rates have preceded every U.S. recession over the past 50 years, there is simply no evidence from the chart that there will be a recession. There are simply too many unknowables that could alter at any time. The government might propose, among other things, new, advantageous economic conditions and policies. Anyways, I just feel that the chart is there to give us a head up but there always a 5% uncertainty involved and I am holding on to that.
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Selling the bitcoins you have accumulated over the years even when the market is not ideal to meet a need is the last resort for every bitcoin holder. I can agree with you when you said being a part of the forum has provided access to a wealth of knowledge and insight about the market and in many times as I can count, I have relied on the knowledge acquired here to make informed decisions regarding bitcoin.
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Hi Royse777, I know the campaign is still CFNP but I noticed that HajiBagi has just been accepted into another campaign (TrustDice). I would like to respectfully request that I take the slot or any slot whenever the campaign is opened for new participants. Thank you.
Please see my application below.
Current number of posts (including this one): 755
Rank: Sr Member
Merit earned in the last 120 days: 37
Warmest regards
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I agree with you that it is never too late to invest in bitcoin and also agree with you that the price is low now considering where the price would be in the next coming 10 years.
To a common man who is scared of loosing his money and is not a risk taker will not agree to invest in bitcoin now believing that bitcoin has reached its highest last price not knowing that bitcoin is like a landed property that appreciates in value as time goes.
To everyone who new about bitcoin before now and never invested in it or a newbie who is not sure of investing, it is never too late for you to do so. The time is now, there is never a perfect time or worst time to invest especially in bitcoin.
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You are already a risk taker the moment you thought of buying bitcoin or trading bitcoin.
Any transaction that involves you buying and selling is risky. You may buy but finds it hard to sell or sell below what you buy with rather than making profit you will be loosing.
Someone who invests in bitcoin or trades bitcoin is a risk taker in the sense that he might sell during bear market and he is at lost and in bitcoin no one knows when the bear market will will occure.
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In to this article titled, Women are getting more and more invested in crypto: Survey, they reported that: Survey results show that women are intensely interested in cryptocurrency. According to eToro’s data, ownership climbed from 29% in the third quarter of 2022 to 34% in the most recent quarter. This, according to the eToro team, indicates that cryptocurrency is “succeeding where traditional financial markets have sometimes failed,” which is why it has risen in popularity among women.
So globally, more women are getting in to cryptocurrency, why shouldn't they? The world is gender and the cryptocurrency market is genderless. I heard of a woman in the middle east who teaches girls to code and pay them in bitcoins. So this in my opinion is part of the reason that lead to more adoption of cryptocurrency among the female gender. |
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In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?
Failure and success remind me of the Chinese yin yang concept. The concept of yin yang is used to explain the interdependence and complementarity of opposing forces in nature and the universe, and to illustrate the importance of balance and harmony in achieving overall well-being. In trading like the op said it helps to create harmony of our emotions and to have a clear head when trading. |
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If I have to choose between day trading and a job, I will pick a job. A job is less risky than a job because a job doesn't require me to make quick decisions based on rapidly changing market conditions and even if I make small makes in my job, it wouldn't lead to significant losses. Also, my job is my job emotionally challenging that can lead to stress, anxiety, and burnout because I have to constantly be on top of my game and be able to react to sudden market changes. Last but not least, my job doesn't require a huge capital investment unlike day trading. Unless you are a pro trader, do not attempt day trading.
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In the past money used to be a store of value but not anymore judging from the worsening economic crises in the country where I reside and the rapid devaluation of the currency. Yes, devaluation is the word that tells that money isn't anymore a store of value. Depending on your point of view and stand point, Bitcoin can be argued as a store of value. At least I read one time where some people in a particular country took out their money from their banks to buy Bitcoin so as to wealth from falling. Real estate is to me a store of value. It's value doesn't drop. Gold and other precious metals act as a store value. In summary, the worth of money is not what it used to be because Bitcoin and other digital currencies are taking over. https://www.preciousmetalsinvestmentportfolio.com/ |
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Bitcointalk Username: mvdheuvel1983
SegWit BTC Address: bc1qvpmd0ax99vvzvvvlpenu9yg0fcklaxg0ctey3m
Merits Earned in 120 Days: 37
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Current number of post (Including this one):744
Rank: Sr. Member
bech32 address: bc1qvpmd0ax99vvzvvvlpenu9yg0fcklaxg0ctey3m
Merit earned in the last 120 days: 37
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Current number of posts (including this one): 743
Rank: Sr. Member
Merit earned in the last 120 days: 37
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Italy has their reasons for the ban and it you have done your research well you will see some reasons to it too. For example, Italy already has a policy on data collection and according to them ChatGPT is in violation of that policy despite it being designed to be compliant with various privacy regulations such as GDPR, CCPA, and HIPAA. Around March 20th, there was a data breach that happened and a lot of personal data was collected. Maybe they want to follow in the footsteps of countries like China, North Korea, Russia and Iran where Open AI is inaccessible. ChatGPT is overhyped, in my opinion. Even the chat program's developers recognized the threat it posed to people, yet the users seem unconcerned. |
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I will answer your query from the standpoint of a businessperson which I assume is what you are. There are several ways to increase capital investment. From experience this is what I have done - increase sales and reduce expenses. By doing so I have been able to gather funds that gave me leverage to invest. Secondly, I do this rarely when I am unable to get people to invest in my business (which is hard when you are first starting out), I take out a reasonable loan, one I know that I will be able to manage. I take it out and invest it in a capital asset to generate revenue to repay it.
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From what I have read, it seems Costa Rica situation is the same with El Salvador before they adopted bitcoin as a legal tender. In Costa Rica the US Dollar is used in addition to the Costa Rican Colón. I can therefore infer that their currency is weak. So, I think they are taking a cue from El Salvador, but they are trying to take it one step at a time. I saw on YouTube someone actually paying for eggs with bitcoin. The striking thing is that the seller was in her sixties. Bitcoin in transactions is surely easy to understand. I hope to see what's next for this central American country.
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Before you convince a sceptical person into buying bitcoin, you must first ask the person of their financial goals and find out how much risk they are willing to manage. You have the moral responsibility to tell your friend at as much bitcoin may have the possibility for significant gains over the long term and may be able to protect one's wealth from depreciation by serving as a hedge against inflation, it comes with a lot of risk and should never be taken with kids gloves.
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