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starring small gives you the opportunity to build confidence and in order for you to be able to confident enough to invest huge amounts youneed to start small. Waiting until you have the huge capital that you need has a lot of disadvantages, you are losing the time you are supposed to gain experience and you might not even get to invest later on. it is better to start from somewhere by accummulating whatever you want to invest in, taking a step is better than taking none. It is important to always follow the process of things
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If you have good enough skills but don't have any formal certifications, then no matter how much skill you acquire, your job evaluation will be low. To be successful in your life, you need to acquire both types of education, that is, in addition to earning your institutional certificate, you need to acquire skills. That is, first you go to school, then you acquire skills. Both skills and school are important, but it is not easy to achieve success with one without the other.
That's the importance of education, you don't necessarily need to acquire a degree to amplify your skills, the most important thing is to obtain formal education, that means you should be able to speak fluently and also be able to read and write. if you have skills and lack the ability to communicate fluently it might affect the services you render. school helps you learn how to interact and also other basic things needed for you to be successful in your business or skills you have. Formal education is very important and shouldn't be skipped
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For some people that don't understand what gambling really is when they hear the word gambler all that comes to their mind is someone that is irresponsible, careless and not mindful of what he does. some even assume that the person is a smoker or drug abuser but they might be wrong. A gambler is different from an addicted gambler, they are able to take responsible risks and also accept the outcomes of gambling. Gamblers know the risks they are getting into and they take it without allowing their emotions cloud their thoughts if they end up losing.
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Gambling is better when you just do it to have fun rather than trying hard to make profit from it, I always take my mind off from making profit and focus more on entertaining myself in that way I don't get to feel disappointed when I end up losing, winning becomes an added bonus when I get it. emotions are only going to make you get carried away, emotional gamblers cannot bet responsibly. gamblers that chase losses do that because they fail to keep their emotions in check. without discipline one should not be involved in gambling
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Answering this based on the fact that it is an assumption, if gambling were to be a course of study people that would take it seriously or apply to study it would be less than those who do not, there is nothing wrong in studying this but there is no point in doing so because it is a game, dedicating time to study something that is all about luck is a waste of time honestly. Gambling can be learned without going to an institution to learn it. if gambling were a course there are people who would definitely go for it but it would be a bad decision
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I suppose that distinction might somewhat fit with my own sense of one of the distinguishing areas, even though surely I know in practice the two will frequently overlap.. so in common parlance, some of their practices and/or mindsets (as black boss put it) are likely to overlap.
I do tend to gravitate towards my own definition, yet I am not going to proclaim that my own ideas are not going to clash, from time to time, with various definitions that I read and also sometimes cause tensions that might not always be necessary to have since ultimately there is still quite a bit of latitude in what guys do and how they describe what they are doing.
I recall one time a few years ago, I was explaining my own practice of selling on the way up and buying on the way down as portfolio management rather than trading, since I was selling without any expectation of buying back, yet if the BTC price drops below a certain amount, then I end up buying back, yet I don't give a shit if the price drops or not, and I would prefer that the price would not drop, so I am selling such a small amount and with an expectation that the BTC price will continue to go up and I will be forever locked out from being able to buy the sold amount at an equal or lower price than what I had sold it at, and therefore I make sure that my sell amounts are sufficiently small and also within amounts of BTC that I consider to be extra amounts that I own.
I am not even going to proclaim that my own perception of the matter, my attempts to distinguish between investing and trading, and my practice around my own bitcoin holdings is unambiguously clear even though I proclaim that within my own system of my BTC portfolio management I am not trading when I sell BTC as the price goes up.
I get your point, and viewing from your angle there is a bit of clash between investing and trader. But here is what I think, just as every business and investment has a specific time of reaping profits, bitcoin is not an exception and you're definitely not a trader for taking some portion of a long term profit that you've held for a long time even when you still end up accumulating, and that's where it gets a bit messy and clashes with the ideology behind trading but again there is still a bit of difference that completely separate this from actual trading. Traders don't have the ability and patience to hold an asset for years, left alone holding for few cycles without repeatedly selling off a larger portion(or everything) at the peak price and buying again at the dip. However if there is another distinction between investing and trading then it's, traders sell off their profits as well as their capital when price gets to a peak within short time span while investors only sell a fraction of their profit after a long term holding of bitcoin when necessary and still ends up encouraging the accumulation journey, and this is where your sustainable withdrawal method comes in. But after a long term investment, if the investors sell off everything then i think he has drifted from being an investor to a businessman. Furthermore, to prevent panic and emotional instability, this usually leads to an investor's mentality and attitude in interacting with their surroundings. Because if the surrounding environment always creates negative things that can influence the investor's thoughts and mentality, then one day the investor will definitely feel the pressure influenced by the surrounding environment which will cause bad things for him.
Yea, to an extent, the investor might panic if he or she heard of any bad news about Bitcoin, but that would be extremely hard for someone that invest only from his discretionary income because it's a money he can afford to lose, and since the investor is only thinking long term, he might not panic like someone that bought Bitcoin and be hoping for quick profit , so the motive of the investor will play a big role if he will panic in time of a dip or not. I would have agreed with you because there is no certainty that price will continually go up, but for an asset class like bitcoin, if anyone panics then it's obvious they still have a trader's instincts and has not seen the big picture yet or attian the required investment span to be called an investor. Though people starting their early accumulation journey often falls in this category and this is where the need of a mentor comes in play. When they see their mentor not negatively responding to the market but rather excited to see price dip they might as well feel a bit of relief and confused at the same time until they realize the opportunity that lies within the dip acting as a leverage for buying more at cheaper rates.
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being personally disciplined on your own is better than gambling discipline bu this isn't really the same with everyone, there are people that already disciplined and there also people that to instill discipline while they are gambling but i prefer to be disciplined before considering gambling is better so you don't have to deal with the negativities of gambling. Going through gambling discipline isn't for everyone some might get caught up or twisted in the process, it is better to work on yourself first
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winning from the first trial can be a result of luck or skill but whatever it may be it is not possible to win consistently, even if you apply skills you can't continue winning. There are sport bettors that lose after winning because they keep trying to make more attempts to make profit. not stopping after winning might lead to addiction if you continue making it a routine. people that got addicted to gambling started out like this and overtime it became an habit they couldn't control. After winning from the first trial there is no need to continue
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people are gradually turning religion into a joke because of the ridiculous things they apply it to. Gambling has nothing to do with religion and cannot be controlled by it. This isn't the statement of someone that does not believe in prayers but it is a logical way of reasoning. prayers can work when it comes to other things that are necessary but Gambling is just a game and for anyone to start praying when they are Gambling simply means that they str scared of losing, only those that gamble irresponsibly are scared of losing
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Am very sure you now understand the difference between the two, so among the two which one are you? One good thing about what you said here is that, you've understand what a real investor and a trader stands for
Lol I didn't say I'm just getting to understand the difference between an investors and a trader, I only expressed my love for the way Phong Lee did his explanation. Besides I've been in the forum for a while now and also been tracking JJG and learning from his wisdom so I clearly understood the distinction between the two. And for your question, there is no way I'll ever pick trading when I can just make a long term holding and have a leverage of time for doing other important things, and due to my tight schedule trading is a no for me. So now my question is, are you a trader or an investors and why?
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Must you here it from a big firm like microstrategy before you know the difference between a traders and an investor? Because to the best of my knowledge, sir jayguangee has been doing that here for long and for free, so what microstrategy is saying is nothing new. Anything that involves buying and selling of Bitcoin for short term gains is trading, while buying and holding Bitcoin for two more circles or more is an investment since you are hoping to reap the dividends of your Bitcoin investment while holding for a very long time. Additionally, investors only sell when their investment has made a massive ROI over the years, not for quick profit as traders do, that wouldn't have any significant impact on their finances or changes their financial status. This is where you're getting it wrong, the reason for bringing up a contextual approach to the same knowledge is for the purpose of opening the mind, to solve same problem from different angle. However JJG has been doing a good work here in the forum and for a fact he's a mentor and that's also the reason a why a lot of person mimics the way he explains to make a good contribution to the forum, this is also how a lot of person sees Microstrategy as a motivation when it comes to bitcoin investment, so pardon me if I'm too obsessed with some prominent figures I see as models that inspires my long term journey as well. There is a saying that success leaves clues, and i don't mind starting from the way successful people talk lol 
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From my perspective, it is not always clear in regards to what the difference is between investing and trading, even though we have surely described various aspects that many of us consider to be trading rather than investing, yet the line is not exactly clear, sometimes, and sometimes we might end up arguing about the difference between investing and trading.
It seems that one of the ways that we have tried to differentiate investing from trading is to proclaim that investors ongoingly buy bitcoin and they do not sell their bitcoin, except maybe to sell and replace.
So we might suggest that three ways of accumulating bitcoin is to buy right away, DCA and buy on the dip, yet selling to buy back cheaper does not count as investing and it is trading rather than investing.
If I could remember vividly, earlier this month I was scrolling through X then I saw an interview of Microstrategy CEO Phong Lee explaining the difference between trading and investing in Bitcoin and i so much love the way he puts the concept. Let me paraphrase what he said " traders are more like people with multiple screens in front of them making buy and sell decisions at the milliseconds levels whereas investors are those who buy an asset when ever they have the opportunity to raise capital to buy" and the distinction from his explanation is the sell choice that he didn't mention while explaining the role of an investor, meaning investor are commonly not know for making sell decisions anytime they like. However since investor don't make quick sell decisions that means their goals are definitely fixed on continually buying and holding long term asset like bitcoin and not shitcoins or shit projects that requires selling after a few month.
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$50 sent toward the repayment of my loan, please confirm
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No, everyone must not invest in bitcoin but should it comes to that in the future it's going to be one of the best investments choice everyone will be making. People that invest in bitcoin don't invest in because it's the only option of digital asset they've available to them, of course, there are dozens of investment options, but when wanting to invest into any asset there are particularities that would have to attract you which other supposed assets are lacking. When we look at limited supply, decentralised, a store of value and hedge over inflation and many more, these are features that bitcoin is known for, which many others so-called fiat related assets lacks.
Here's my thought on this, even if it's not compulsory for everyone to invest in bitcoin due to the possiblity of it becoming an important currency in the future it's wise to start accummulating as much as possible in order not to start when it becomes too expensive. Accumulating bitcoin has so much benefits and it is also going to help those that has no interest in it. when you are in a different country as a result of an emergency or something else having bitcoin is capable of making run financial transactions getting stranded. I don't think it is still a matter of interest anymore, it might get to a point where it would be important for everyone to have
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Trading can be very difficult and if you are not cautious and patient you might just get frustrated with it. one lesson I've learnt from trading is to always move at your own pace and mot that of another trader. just because you heard that a trader used a small amount to grow his trading account to six figures doesn't mean you should no longer stick to your trading strategy, this is a mistake that I learned in the past and I really lost a lot. Trading is an endless school of learning, no matter what you think you know the market has ways of surprising you. Always take responsible risks, trade with an amount you can lose and take it one step at a time
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My own opinion, I won't fake my condition, but I try to avoid to show my real condition and try to be someone who being grateful. It's a bad thing if you act pity or trying to praise your friend over his good life especially you did it many times, they will think you're looking for something and you're just influence a negative activity to them.
When they invite you to doing an expensive thing, don't try to fake it by agree with their invitation if you know you're not a financially capable. Also, don't agree and ask them to fund you, instead reject their invitation, once they ask the reason, be honest with your condition.
speaking of hiding your real condition makes a lot of sense, there's a difference between living a fake life and when you are owning up to responsibilities and getting things done in your life eve when you are limited financially. There are lots of successful people that only gives out a helping hand to people that they see with potentials, I order words no one would want to sow on a ground that is not fertile. no matter how bad things might be people who are willing to help wants to make sure that you are not a lazy person but at the same time they are aware of the fact that you are not really in a good place but you are doing your best to come out of it
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I don't follow any influencer so that's something that is of any problem to me. influencers plays a very huge role when it comes to gambling, there have lots of people that idolise them so definitely whatever they advertise would always be accepted by those that idolise them. people should always remind themselves of the fact that these influencers are just paid to promote, and sometimes we call them gambling influcers when they are not even gamblers. why do casinos reach out to them if they are not gamblers, will, it's simple it's because they habe the platform that they need. Gambling ads shouldn’t dictate the choices you make as a gambler
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They keep trying to recover even when they know that the odds are against them because they find it difficult to accept their losses. when gamblers don't accept their losses they always end up chasing knowing that it's a 50/50 thing. This is one of the dumbest things anyone can do but due to desperation they lose all form of logical reasoning at that moment when they start chasing losses. winning back losses is something that is never guaranteed the risks of doing is very high. Some gamblers even go as far as using the martingale betting system to quickly recover forgetting that there's a chance that they might lose multiple times if they keep trying
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Not really accurate, you don't need to gamble as a path to learn how to make responsible decisions as an adult. Making responsible decisions is all about being disciplined and mature mentally. There are lessons we learn as gamblers but this doesn't mean it stops us from making messed up decisions. for those that are not gamblers it would be unwise to start gambling just to curb irresponsible decision making. Being in control over your gambling activities can indeed have a huge impact in other areas of life but you must understand that this doesn't really apply to everyone, some people can still make terrible decisions and still be able to gamble responsibly
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Not saying that teens don't need money but at that age you are meant to be provided for because you only have one job at that age and that's developing yourself educationally. unless you don't have guardians or anyone to help you out then in such situation it would be difficult to survive. Ths Inflation is here to stay whether we like it or not and it affects both adults and teenagers as well, it's even worse for adults that has responsibilities to take care of, how do you think they get by? Teenagers should learn valuable skills at that age and take their education seriously because it would definitely pay off in the long run
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