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Author Topic: Advice for the season.  (Read 766 times)
Rruchi man (OP)
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December 20, 2021, 04:38:30 AM
 #1

Don't bend to societal pressure of over spending during this festive season, make serious plans for the celebrations and the coming year, Don't fall into the trap or bend to the pressure of selling off a percentage of your cryptos to  spend this festive season, a new year is coming. January is usually a long month that carries along a lot of expenses, make plans and preparations now for tomorrow, spend wisely today.

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December 20, 2021, 05:52:33 AM
 #2

Don't bend to societal pressure of over spending during this festive season, make serious plans for the celebrations and the coming year, Don't fall into the trap or bend to the pressure of selling off a percentage of your cryptos to  spend this festive season, a new year is coming. January is usually a long month that carries along a lot of expenses, make plans and preparations now for tomorrow, spend wisely today.
I'm not like that person. Even if somebody is telling me that we should do this and that to make it a better feast, I don't call on it. I know how to fix my expenditures and how to budget. There's really no need to be that elegant if you're on a budget. Just accept the fact that there's no need to be showy about how wealthy you are with other people. Just be wise and simple and that would do the thing since this holiday seasons are always long and we need to be tight on budget.

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December 20, 2021, 06:19:12 AM
 #3

Don't bend to societal pressure of over spending during this festive season, make serious plans for the celebrations and the coming year, Don't fall into the trap or bend to the pressure of selling off a percentage of your cryptos to  spend this festive season, a new year is coming. January is usually a long month that carries along a lot of expenses, make plans and preparations now for tomorrow, spend wisely today.
Just don't believe in FUDs and don't fall for FOMO's. Easy to say though tbh, just that finding those FUDs and FOMOs is actually the hard part. That's why DYOR, and judge for yourself what you should do, no need to pressure yourself into following others though if that's what you're go-to strat is, then be my guest. Though really the safest option here is to invest what you can afford to lose so that even if everything goes to hell, you'd still be able to live yourself pretty well without having many worries about debts and whatnot.

R


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December 20, 2021, 06:37:38 AM
 #4

well, everyone needs a new plan and learns the shortcomings of the previous plan so that the potential profit that we can get in the coming year can be bigger this year. well, to be honest i still have the same plan, which is to buy some crypto to hold for a long time, especially BNB as i'm pretty sure the price will go above $1k in the near future. it's just, we really need to see and improve the plan.
however, we are indeed very easy to move because of FUD and HYPE. This year, I'm like that too. it's really hard to hold back when those things come. I even had time to invest in P2E, but I thought the project was a potential scam, and is currently not developing. well, if i just focus on investing, maybe now i have enough assets. well, a lot of things have to change.

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December 20, 2021, 07:04:31 AM
 #5

Don't bend to societal pressure of over spending during this festive season, make serious plans for the celebrations and the coming year, Don't fall into the trap or bend to the pressure of selling off a percentage of your cryptos to  spend this festive season, a new year is coming. January is usually a long month that carries along a lot of expenses, make plans and preparations now for tomorrow, spend wisely today.
I'm not like that person. Even if somebody is telling me that we should do this and that to make it a better feast, I don't call on it. I know how to fix my expenditures and how to budget. There's really no need to be that elegant if you're on a budget. Just accept the fact that there's no need to be showy about how wealthy you are with other people. Just be wise and simple and that would do the thing since this holiday seasons are always long and we need to be tight on budget.
We should be wise to control our expenses monthly, no matter if we face a new year or anything, including the season in crypto because that will relate to our budget. Every people will have their own plan related to what they want to do in the next year so we can not just follow the other without calculating our money and preparing for the next year. That is our money so we need to fully control our funds and know how to use the money. So I do not feel too serious about seeing what other people will do next year.



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December 20, 2021, 07:15:11 AM
 #6

we don't just focus on getting a lot of results, but we have to manage expenses so that they can be used as well as possible, so that we still have a lot of money left to invest, so that later we can manage finances well, where our old age can be facilitated. The temptation to buy things that are not needed today is very much, so we must be wise in spending them

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December 20, 2021, 07:28:36 AM
 #7

People can do whatever they want with their cryptocurrencies.Selling them is one of the options.
Why are you even giving this advise?Are you too afraid that the people will sell their crypto and the crypto prices will drop? Grin
The holidays won't break people's wallets.I've never seen anyone going bankrupt due to way too much overspending in the holidays. Grin
Selling a few hundred dollars worth of cryptocurrencies in order to spend for gifts and food won't ruin my financial situation.
What makes January more special than all the other months?Do you have bigger expenses in January?
I usually don't spend more money in January,compared to the rest of the year.

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December 20, 2021, 08:06:44 AM
 #8

Don't bend to societal pressure of over spending during this festive season, make serious plans for the celebrations and the coming year, Don't fall into the trap or bend to the pressure of selling off a percentage of your cryptos to  spend this festive season, a new year is coming. January is usually a long month that carries along a lot of expenses, make plans and preparations now for tomorrow, spend wisely today.
I'm not like that person. Even if somebody is telling me that we should do this and that to make it a better feast, I don't call on it. I know how to fix my expenditures and how to budget. There's really no need to be that elegant if you're on a budget. Just accept the fact that there's no need to be showy about how wealthy you are with other people. Just be wise and simple and that would do the thing since this holiday seasons are always long and we need to be tight on budget.
We should be wise to control our expenses monthly, no matter if we face a new year or anything, including the season in crypto because that will relate to our budget. Every people will have their own plan related to what they want to do in the next year so we can not just follow the other without calculating our money and preparing for the next year. That is our money so we need to fully control our funds and know how to use the money. So I do not feel too serious about seeing what other people will do next year.
Budgeting is the key to it. You don't have to be that stylish and decorous just to say that you had a prosperous year. But if you're that type of person that regardless of your financial status and situation and you're that festive, no one can stop you from doing that.
Just be wise how you're going to celebrate, just for the sake of celebration any type of celebration whether your table is full of food or not, as long as you're keeping up with your loved ones, I think that's the most important thing on this holiday season.

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December 20, 2021, 08:14:53 AM
Merited by lovesmayfamilis (1), Rockstarguy (1)
 #9

Don't bend to societal pressure of over spending during this festive season, make serious plans for the celebrations and the coming year, Don't fall into the trap or bend to the pressure of selling off a percentage of your cryptos to  spend this festive season, a new year is coming. January is usually a long month that carries along a lot of expenses, make plans and preparations now for tomorrow, spend wisely today.
Prodigal spending should be discouraged, but if someone need money for Yule, why not spend the one necessary to be spent. In fact, I have converted some bitcoin to my country fiat for Yule spending. In fact, I have spent some. I have my holdings in bitcoin, not in my country's fiat. I do not have any option than to convert some.

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December 20, 2021, 08:19:16 AM
 #10

the economy is something that will be interesting to see the follow-up to and regardless of what happens after this season it depends on what we do. It is our large or small expenditure that determines and of course these actions will have an impact on the finances we have later.
don't be too fixated on other people hold your coins while you can even if it's difficult I think it's a very doable thing as long as there's nothing urgent

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December 20, 2021, 09:24:11 AM
 #11

Is just the year that's ending and we are starting another year which you have to survive, if you endup spending your money unnecessarily this festive season then you will have to pay for the reckless spending you did during the festive period after the new year starts. I believe everybody have to celebrate during the festive period but whenever you are spending make sure you spend on necessary things and save money to prepare for the new year.

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December 20, 2021, 09:58:42 AM
 #12

Good to remember Satoshi, who was tweaking the last few details of Bitcoin around Christmas in 2008.

Remember this and focus on being productive instead of buying useless stuff.

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December 20, 2021, 11:21:51 AM
 #13

In my country, there is a sign of how you will celebrate the New Year, so you will live the whole year. Therefore, people do not regret setting lush tables with various kinds of food, holding festivities, and do not spare money on gifts for loved ones.
But I always agree with the OP and the others  that for all the holidays, there should be a spending limit that you can allow yourself.
And of course, at this time, exchanging bitcoin for fiat is not a very sensible thing, but if there are no other means, then it is also not worth depriving yourself of holidays and the pleasure of giving gifts to loved ones. You never need to put off your life for later. Live in the here and now.

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December 20, 2021, 12:04:18 PM
Merited by lovesmayfamilis (1)
 #14

Don't bend to societal pressure of over spending during this festive season, make serious plans for the celebrations and the coming year, Don't fall into the trap or bend to the pressure of selling off a percentage of your cryptos to  spend this festive season, a new year is coming. January is usually a long month that carries along a lot of expenses, make plans and preparations now for tomorrow, spend wisely today.

I can agree that everyone should spend as much as their abilities allow, but I do not agree that someone should refrain from selling a certain percentage of BTC to allow themselves and their loved ones to enjoy the upcoming holidays. There is only one life, and we will only see 2022 once - and who knows what will happen next year, maybe our basic human freedoms will be even more limited.

In addition, Bitcoin comes first as a currency, and only then as a store of value - and when more people would think that way, Bitcoin would have a much better chance of succeeding the way its creator envisioned. So do not hesitate to spend at least a small part of your BTC, who knows what awaits us next year - a long crypto winter or some crazy regulations.

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December 20, 2021, 02:06:24 PM
 #15

Advice for the holiday season

-Fluids like gasoline are denser at colder temperatures. Consumers can get more gasoline per volume filling up their tanks in the cooler hours of early morning or late night, than they would in the warmer afternoon.

-If burning wood to stay warm becomes necessary, avoid burning termite treated lumber which can contain toxins like arsenic.

-Indoor mildew and mold which can multiply out of control during high humidity in winter can be killed with a mirror reflecting direct sunlight.

-Black friday and the christmas holiday season are normally the highest transactional volume for bitcoin and cryptocurrencies, with I think january being the lowest volume month. Whether these trends will remain constant or shift is anyone's guess but january I think is usually a slow month of the year as far as crypto goes.

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December 20, 2021, 02:55:11 PM
 #16

Good management and management should not spend one moment and then the next moment we will starve. Well, always save money and it's not too easy to be tempted to sell everything. At a minimum, set aside what is currently in your portfolio. Since 2022 no one knows, it could be a profitable year. Spend moderately, and keep crypto at a stable value if you are not ready to face a correction or in Bitcoin can increase profits even more.

However, ideals collide with needs, everything becomes a necessity for us to sell what if it can give us the strength to survive the market waves.

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December 20, 2021, 03:46:12 PM
 #17

Don't bend to societal pressure of over spending during this festive season, make serious plans for the celebrations and the coming year, Don't fall into the trap or bend to the pressure of selling off a percentage of your cryptos to  spend this festive season, a new year is coming. January is usually a long month that carries along a lot of expenses, make plans and preparations now for tomorrow, spend wisely today.

This depends on your goal as an investor and for your long-term plans. Remember that every investment is soon to be withdrawn and cashed out as fiat. It depends upon the purpose on which the investor has allocated it for. For example, you invest in order to purchase something in a given date; or you invest for future expenditure.

Many investors have already cashed out some of their investments due to this season. While it is advisable to HODL your cryptocurrencies for long-term profit, I also do not see the problem of converting them to fiat if it is for a purpose that they think that is beneficial to them.

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December 20, 2021, 03:54:22 PM
 #18

Don't bend to societal pressure of over spending during this festive season, make serious plans for the celebrations and the coming year, Don't fall into the trap or bend to the pressure of selling off a percentage of your cryptos to  spend this festive season, a new year is coming. January is usually a long month that carries along a lot of expenses, make plans and preparations now for tomorrow, spend wisely today.

That is if you don't have real need for it. Your investment is meant to help you to finance your challenges when the time come for it. You don't have money and go begging all the time that means you don't really have good plans for yourself. Agreed that you don't need to cash out every time you have little challenge, that is financial mismanagement and frivolous spending but if you have personal things you need to do with money, why not look back to your investment especially if it has got to some high and with profit.

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December 20, 2021, 04:35:41 PM
 #19

It's another season to spend and it can't be avoided just that it can only be minimized. When the Christmas comes around in my part of the world it's time where people come together to celebrate their achievements, state their challenges, get to meet with new faces and recreate lost bonds. Spending this season can't be avoided it can only be minimized that's spending wisely
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December 20, 2021, 04:41:15 PM
 #20

Don't bend to societal pressure of over spending during this festive season, make serious plans for the celebrations and the coming year, Don't fall into the trap or bend to the pressure of selling off a percentage of your cryptos to  spend this festive season, a new year is coming. January is usually a long month that carries along a lot of expenses, make plans and preparations now for tomorrow, spend wisely today.

Money management is very important not only in trading but also in real life. I always save for funds for such an occupation where I may spend some money if needed. I like a person who participates in social activity because it keeps us positive and relief our stress. But overdoing anything is not good.

Actually, it's common that the market will take a correction before Xmas. People plan to travel with their family or friends and to bear that expense they sell their share.
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