Advice for the season.

[BuNga_cute]

Don't bend to societal pressure of overspending 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 is good advice especially for those who are spending too much every holiday season without thinking about the possible things that might happen in the future. Instead of spending, it would be better to save and invest so we'll have something to gain by the middle or the end of the year. It's fine to have a bountiful celebration but we should also know our limits.

We really have to be wise in using the money we have, don't let us spend our money excessively to celebrate the new year. Moreover, our finances
are not yet stable and we also do not have savings for the future, which means we must be careful in managing our finances. Why are there more
poor people than rich people, because most people don't manage their finances well. The mindset of the rich is that more money they have is used
for investment, because investment will give you a bright future. Actually it doesn't matter to use the money we have to celebrate the new year or
use it for the holidays. The most important thing is that we can limit the amount of money we use, so that it is not used excessively.

[fullhdpixel]

Managing your income and expense is something that should be done by everyone and in every season, not just the holidays. It would not matter if you spend some extra on your family, they need you and they depend on you for their expenses if you are the sole bread earner - I dont see anything wrong in that. It is not possible to live alone in this world and be healthy.

But in case your trading or income was not upto the mark, spending a bit less helps to save some for the next year. Life is all about adjusting and compromises, you never get what you actually want but if your needs are like a common man, you will not face troubles.

Right now the holidays are over and the market is on the 41k USD mark. It is a good time to place orders on the bearish side and make the first profitable trades of the year.

Unfortunately it is not as easy as that. Sometimes you just can't say no to your family, money has this balancing issue between couples, if you have very little of it then you are probably either fighting or at the very best you are fine, people could be happy together without money and see this as "their" problem and not blame their spouses.

However when you do have money and you decline to spend it and just save it, unless your spouse is like you then you have a problem. If you tell your wife "honey we can take a 2 day break and go to some nice hotel and relax a bit but we are not going to do it because it is better to save the money", that is not going to be easy thing to make them understand.

I gave that example because that is literally what I am going through right now, I have a bit of money saved aside, and since me and my wife had a pretty rough period, she wanted to leave for a 2 day break, saying no while having the money was impossible so we will probably spend a very high amount for a useless "break".

[dark1234]

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 is a journey for a holder at a time when the mentality must be strong with falling prices if we sell at the time this topic is created maybe we will take it at this time but we don't do it so it's stuck to wait for a hold
and at this time we have to be able to strengthen our mentality because it looks like the price will continue to be steeper and if we have the courage to sell now and wait deeper to take it but we must have a steel mentality

[xSkylarx]

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 is a journey for a holder at a time when the mentality must be strong with falling prices if we sell at the time this topic is created maybe we will take it at this time but we don't do it so it's stuck to wait for a hold
and at this time we have to be able to strengthen our mentality because it looks like the price will continue to be steeper and if we have the courage to sell now and wait deeper to take it but we must have a steel mentality

It is called greed and it is able to control our emotions. That is the biggest reason and problem for the holder because they tend to sell it because they get scared like a spike drop. They think that bitcoin will die, so they will sell their holding, which is one of the characteristics of bitcoin. That means that you don't have trust in bitcoin because on red days you tend to sell your coin. Also, someone will be so greedy that they want to get all the profit but end up losing it all.

[syedakhlaque]

The winter season especially January proves expensive than other months. But there is inflation everywhere in the world. After the coronavirus, the whole world suffered and faced a financial crisis.it looks hard to meet the daily expenses. Now not only January but other all months look hard to spend. A few years before,We enjoy the winter(December, January)but today, the situation is different and hard for trips or visits.
But after all, we should plan for a better future. There is also the expectation for the rise in bitcoin price in January as last year, And we are hoping that we will earn well through stalking in the long term and through trading, mining also.

[Ngemmeng]

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 is a journey for a holder at a time when the mentality must be strong with falling prices if we sell at the time this topic is created maybe we will take it at this time but we don't do it so it's stuck to wait for a hold
and at this time we have to be able to strengthen our mentality because it looks like the price will continue to be steeper and if we have the courage to sell now and wait deeper to take it but we must have a steel mentality

when market conditions go down like today investors are in two difficult choices.
the first option is to sell and buy again when the market starts to recover and the second option is to hold and continue to hope that market conditions will recover soon. This bear market is indeed testing our mentality as crypto investors but we must dare to make decisions even though these decisions are full of risks.

[sulendra12]

January is usually a long month that carries along a lot of expenses, make plans and preparations now for tomorrow, spend wisely today.

The keyword is "spend wisely", I mean people probably need quick money to buy stuff during new year and early January anyway especially myself, I do need this money for my needs for this month to pay college and stuff. I have been saying this so many times and it just depends on the people itself, they probably need money in urgent compared to "rich people" in here.

[Spontaneous]

  This thread bumps in my mind and it's a great guide for my season. An all we know this month is more of an occasion and a routine we spend for that occasion. Yeah, before I've always thought about the present occasion and I spent more without manage but now it's a big pleasure to me that I've learned how to spend wisely my money on a self-learning budget and I just think it's also good to experience when in lacking money cause I can budget all that I need and wants just my perspective also.

[YOSHIE]

make plans and preparations now for tomorrow, spend wisely today.

Everything was designed and planned to perfection, just like in the previous year when it still looked like $6000/BTC, boomerang for all of us you unexpected expenses, it's the biggest disease that destroys all preparation from season to season.

This season everything has been frozen, I hope mid-season, what has been frozen doesn't thaw, so that time comes to thaw to spend everything.

[lixer]

The keyword is "spend wisely", I mean people probably need quick money to buy stuff during new year and early January anyway especially myself, I do need this money for my needs for this month to pay college and stuff. I have been saying this so many times and it just depends on the people itself, they probably need money in urgent compared to "rich people" in here.

It’s not bad to buy things, but it’s good to always give it a second thought before buying anything at all. You should break down every thing you’re planning to buy to needs and wants. And then know why you really want to buy these things, because sometimes, some of us are not really in need of most of the things that we do buy, we just buy some things simply because we see others are buying it and we want to be able to do what others are doing or be like them. And at the end when you look at all these things, you would see that they have no meaning at all.

[sulendra12]

The keyword is "spend wisely", I mean people probably need quick money to buy stuff during new year and early January anyway especially myself, I do need this money for my needs for this month to pay college and stuff. I have been saying this so many times and it just depends on the people itself, they probably need money in urgent compared to "rich people" in here.

It’s not bad to buy things, but it’s good to always give it a second thought before buying anything at all. You should break down every thing you’re planning to buy to needs and wants. And then know why you really want to buy these things, because sometimes, some of us are not really in need of most of the things that we do buy, we just buy some things simply because we see others are buying it and we want to be able to do what others are doing or be like them. And at the end when you look at all these things, you would see that they have no meaning at all.

That's why I said "urgent" on my last sentence, stuff I have to pay like my post above is really "mandatory" and they have meaning. People probably sell stuff because they are afraid the price would continuously going down so why would they refuse to sell it so they can buy it later on once they are ready for it? Sure if you buy stuff because of holiday then it would have no meaning but that's not my point.

[savetheFORUM]

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.

During times like Christmas season, is always best for us to look for ways to limit our spending. It is good to make a budget and make sure that you try to follow that budget that you have set for that month.

The Christmas period is really a time that comes with a lot of expenses, and like the OP has said, such pressure can be coming from family and friends; they can pressure you into making unnecessary spending that you might end up regretting later. It might be expenses that you happen to incur by going to parties and maybe sharing gifts and all that. So, it’s usually best to look for ways to curtail or avoid entirely, things that will result to you overspending in such period.

[Lanatsa]

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.

During times like Christmas season, is always best for us to look for ways to limit our spending. It is good to make a budget and make sure that you try to follow that budget that you have set for that month.

The Christmas period is really a time that comes with a lot of expenses, and like the OP has said, such pressure can be coming from family and friends; they can pressure you into making unnecessary spending that you might end up regretting later. It might be expenses that you happen to incur by going to parties and maybe sharing gifts and all that. So, it’s usually best to look for ways to curtail or avoid entirely, things that will result to you overspending in such period.

I don't mind much about spending way more than I do when it comes to holiday season since it do happens only once a year and you do have 12 months on saving up for that kind of expense.

Well, im that kind of person who do have that kind of mindset but there are people who are really that mindful about their spending which is instead on spending on various things
they do mind off about savings and investment opportunities which it isn't bad kind of mindset.

Spend on the amount that you are willing to spent off without having those regrets.

[ChiBitCTy]

make plans and preparations now for tomorrow, spend wisely today.

Everything was designed and planned to perfection, just like in the previous year when it still looked like $6000/BTC, boomerang for all of us you unexpected expenses, it's the biggest disease that destroys all preparation from season to season.

This season everything has been frozen, I hope mid-season, what has been frozen doesn't thaw, so that time comes to thaw to spend everything.

Yes, that's our weakness, we only prepare to gain, but we forget to prepare for the worst that might happen.
For the future, hopefully it can be a lesson and don't repeat the same mistakes.

That’s where the power of diversification comes in to play. You never know what’s going to happen and you always have to prepare for the worst. If we’re taking investments, the US Stock market has actually been doing pretty well as well as some of the more advanced international markets. To be diversified is to be prepared.

[Smitty Werben Man Jensen]

make plans and preparations now for tomorrow, spend wisely today.

Everything was designed and planned to perfection, just like in the previous year when it still looked like $6000/BTC, boomerang for all of us you unexpected expenses, it's the biggest disease that destroys all preparation from season to season.

This season everything has been frozen, I hope mid-season, what has been frozen doesn't thaw, so that time comes to thaw to spend everything.

Yes, that's our weakness, we only prepare to gain, but we forget to prepare for the worst that might happen.
For the future, hopefully it can be a lesson and don't repeat the same mistakes.

That’s where the power of diversification comes in to play. You never know what’s going to happen and you always have to prepare for the worst. If we’re taking investments, the US Stock market has actually been doing pretty well as well as some of the more advanced international markets. To be diversified is to be prepared.

I think we just need to share information and the rest if they are interested they better find out any information about crypto themselves,
they have to move on their own and we can't keep doing that either

[beezee]

make plans and preparations now for tomorrow, spend wisely today.

Everything was designed and planned to perfection, just like in the previous year when it still looked like $6000/BTC, boomerang for all of us you unexpected expenses, it's the biggest disease that destroys all preparation from season to season.

This season everything has been frozen, I hope mid-season, what has been frozen doesn't thaw, so that time comes to thaw to spend everything.

Yes, that's our weakness, we only prepare to gain, but we forget to prepare for the worst that might happen.
For the future, hopefully it can be a lesson and don't repeat the same mistakes.

That’s where the power of diversification comes in to play. You never know what’s going to happen and you always have to prepare for the worst. If we’re taking investments, the US Stock market has actually been doing pretty well as well as some of the more advanced international markets. To be diversified is to be prepared.

I think we just need to share information and the rest if they are interested they better find out any information about crypto themselves,
they have to move on their own and we can't keep doing that either

besides looking for crypto itself, it would be nice if we also continued to monitor the local market so that those of us who bought crypto did not have to panic selling.

[xSkylarx]

make plans and preparations now for tomorrow, spend wisely today.

Everything was designed and planned to perfection, just like in the previous year when it still looked like $6000/BTC, boomerang for all of us you unexpected expenses, it's the biggest disease that destroys all preparation from season to season.

This season everything has been frozen, I hope mid-season, what has been frozen doesn't thaw, so that time comes to thaw to spend everything.

Yes, that's our weakness, we only prepare to gain, but we forget to prepare for the worst that might happen.
For the future, hopefully it can be a lesson and don't repeat the same mistakes.

That’s where the power of diversification comes in to play. You never know what’s going to happen and you always have to prepare for the worst. If we’re taking investments, the US Stock market has actually been doing pretty well as well as some of the more advanced international markets. To be diversified is to be prepared.

I think we just need to share information and the rest if they are interested they better find out any information about crypto themselves,
they have to move on their own and we can't keep doing that either

besides looking for crypto itself, it would be nice if we also continued to monitor the local market so that those of us who bought crypto did not have to panic selling.

Most people who panic sell do so because they lack knowledge about cryptocurrency, and even a small dump can cause them to lose their minds and withdraw their money. However, if you have experience and knowledge about cryptocurrency, you are simply anticipating that it will return sooner rather than later, and there is no need to panic sell. Monitoring is not enough; you should also learn and gain knowledge as the cryptocurrency evolves over time, as it is becoming more complex.

[dezoel]

I think we just need to share information and the rest if they are interested they better find out any information about crypto themselves,
they have to move on their own and we can't keep doing that either

Basically something like Binance Academy, and maybe a few more additions. We just need to make sure that there are stuff that people could read, telegram channels they could follow, honest twitter accounts (not shady influencers) and just push people to right direction. We can't hold their hand, so we need to build websites (which already exists a lot) that means people could always find places to read and learn more about things.

If you can do that then we are talking about something that is definitely a proper path for newbies to take whenever they have a question. Since we would be done after we put all the needed information out there, rest is up to newbies, we can't do much after that, if they want to learn they will learn, if not then they could lose money and learn the hard way.

[browsiek]

I think we just need to share information and the rest if they are interested they better find out any information about crypto themselves,
they have to move on their own and we can't keep doing that either

Basically something like Binance Academy, and maybe a few more additions. We just need to make sure that there are stuff that people could read, telegram channels they could follow, honest twitter accounts (not shady influencers) and just push people to right direction. We can't hold their hand, so we need to build websites (which already exists a lot) that means people could always find places to read and learn more about things.

If you can do that then we are talking about something that is definitely a proper path for newbies to take whenever they have a question. Since we would be done after we put all the needed information out there, rest is up to newbies, we can't do much after that, if they want to learn they will learn, if not then they could lose money and learn the hard way.

I agree with what you said because it's true that we don't force others to follow us or force others to learn what we already know we can only provide information and provide a way, then after that it's their right to want to learn or not at least we have tried to provide information without having to force them to study it.

[Sayeds56]

I think we just need to share information and the rest if they are interested they better find out any information about crypto themselves,
they have to move on their own and we can't keep doing that either

Basically something like Binance Academy, and maybe a few more additions. We just need to make sure that there are stuff that people could read, telegram channels they could follow, honest twitter accounts (not shady influencers) and just push people to right direction. We can't hold their hand, so we need to build websites (which already exists a lot) that means people could always find places to read and learn more about things.

If you can do that then we are talking about something that is definitely a proper path for newbies to take whenever they have a question. Since we would be done after we put all the needed information out there, rest is up to newbies, we can't do much after that, if they want to learn they will learn, if not then they could lose money and learn the hard way.

Learning from mistakes of other is better than learning from your own by paying the price of mistakes. I think the best social Media to gain knowledge about crypto is YouTube where information about fundamentals of every crypto coin as well as videos to learn about Techncial Indicators for trading in crypto is readily available in many languages. Many traders make use of it and make money by investing and trading in crypto market.