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Author Topic: One Beauty about Bitcoin investment.  (Read 700 times)
kuriboh
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August 12, 2024, 11:13:11 PM
 #81

If you're a trader, you don't also have to stare at your monitors 24/7 but someone who's seen the opportunity on every second on the market.
Like those that have been trading with futures, they have to watch out their trades and look at them all day long.
I do agree about the beauty of investing on Bitcoin. You don't have to be so good at anything at all but as long as you're good taking that risk, that's all what it takes together with your money to start investing in.
Bitcoin investment is a good thing. The thing to do with Bitcoin B and deposit it in the bank is something like that. If you think long-term and keep investing in bitcoins gradually, you'll see something good come of it eventually. I have also seen a lot of people who invest little by little and continue to invest and earn a good amount from Bitcoin.

If you do anything besides business, I think you should invest in Bitcoins and continue to invest in them. You don't have to look back if you think long-term.

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August 12, 2024, 11:25:42 PM
 #82

Well, it's true that making profit in Bitcoin doesn't require you to do anything than just to invest, hold for some period of time and take profit when you reach your expectation. But the reality of making the investment is that you have to work all day, work from Monday to Friday and look at the monitor if that's really the nature of your job, doing all that is so that you can be able to raise the capital which you can invest into Bitcoin and you still need a sustainable income source to rely on, so that you can be able to hold your Bitcoin until you make profit.
I agree with you because investing in bitcoins definitely requires time and earning those profits definitely requires a lot of hard work and time. If a man does not put in a lot of effort and enough time, he will never make a profit and never invest. If I sit I will never be able to invest bitcoin not only bitcoin investment I will not be able to manage my family so in life must work hard if not hard work not be able to earn. Although we don't have Bitcoin investment as easy but it won't be because Bitcoin investment is not easy. But after investing here one must go through due diligence. As the saying goes, freedom is harder to defend than to gain.

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August 13, 2024, 02:12:09 AM
 #83

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.
If that's the only reason for you to run an investment in bitcoin then you should try working somewhere else that doesn't require looking at a computer. When we come to this industry, we may not initially pay attention, but as far as observation itself we see the issue of hedging from processes that are directly related to bitcoin and this power is what actually drives us to get involved further.

Personally, I keep monitoring my computer screen or smartphone to see the market movement towards bitcoin, although maybe not regularly every day. There is pleasure when seeing the market movement become greener and there is always accumulation when seeing a decline in the market towards bitcoin. The approach pattern is up to each individual's ability, whether it is used in the DCA pattern or others because when we have the opportunity, we definitely want to look for something more.

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August 13, 2024, 02:25:46 AM
 #84

Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?

But where you are going to get the money to invest on crypto if you don't have a regular job? Unless your family is uber rich and all that stuff, you need to study and get a good paying job first before you can invest money in crypto and then just let it sit to accrued profits over time. And not everyone has money to invest, just like the rest of us here, we might started with just a signature campaigns to get Bitcoin and then go to trading to multiple it. So it's a bad analogy to be honest, as it you are treating investing in Bitcoin as something like a magic bean, that will solve the financial problems. It's not, you still need to work your ass off and when the time that you have extra money in your pocket then that is the best time to invest.

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August 13, 2024, 02:51:05 AM
Merited by ancafe (1)
 #85

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.
If that's the only reason for you to run an investment in bitcoin then you should try working somewhere else that doesn't require looking at a computer. When we come to this industry, we may not initially pay attention, but as far as observation itself we see the issue of hedging from processes that are directly related to bitcoin and this power is what actually drives us to get involved further.

Personally, I keep monitoring my computer screen or smartphone to see the market movement towards bitcoin, although maybe not regularly every day. There is pleasure when seeing the market movement become greener and there is always accumulation when seeing a decline in the market towards bitcoin. The approach pattern is up to each individual's ability, whether it is used in the DCA pattern or others because when we have the opportunity, we definitely want to look for something more.

I would imagine that many of us are going to want to attempt to monitor our investment into bitcoin, especially if we are serious about it and serious to attempt to build it up and to even potentially try to keep track of how much we invested as compared to how our investment might be going up or down in value (price) with the passage of time.
 
There might be some points in which we might not really want to micro-monitor it, and surely some personality types are different than others in terms of their desires to keep track and/or to potentially look at bitcoin every day, once investing into it.

I know that sometimes if I am actively buying bitcoin, then surely I am monitoring it, and perhaps if the BTC price is going up then I might be looking at it fairly frequently, yet sometimes if the price is going down, I might not be paying as much attention unless I have some kind of a threshold that I am considering buying some more.. but otherwise if the BTC price is just bouncing in a range and not triggering me to buy and is not triggering my attention to see how much my value "on paper" might be changing, then maybe I will go through periods of not really looking at the price as much or the size of my BTC holdings or whether the value of my BTC holdings is going up or down.. .. but then also for years, I have had a system in which I will annotate the value of my BTC holdings as compared to various other assets and/or currencies that I have on a periodic basis, so sometimes, even if I don't want to look, I am forced to write it down (based on monitoring systems that I had already established for myself to follow).  

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August 13, 2024, 03:09:30 AM
Merited by JayJuanGee (1)
 #86

I would imagine that many of us are going to want to attempt to monitor our investment into bitcoin, especially if we are serious about it and serious to attempt to build it up and to even potentially try to keep track of how much we invested as compared to how our investment might be going up or down in value (price) with the passage of time.
 
There might be some points in which we might not really want to micro-monitor it, and surely some personality types are different than others in terms of their desires to keep track and/or to potentially look at bitcoin every day, once investing into it.
It is very difficult not to look at the price of Bitcoin especially if you are a frequent user of the internet. Crypto news will always pop up on social media or some web page and it might push you to want to monitor the value of your investment. I am more tempted to look at my investment when the price of Bitcoin is going up. It gives me a sense of satisfaction that I have not invested wrongly. When I get the news about a price drop, I simply stay away from my investment to avoid any form of fear or discouragement. Looking at my wallet in the early days of my Bitcoin adventure caused me so much anxiety that nearly resulted in some health problems. Until I discovered that the beauty of Bitcoin is that the period of price drop also gives another opportunity to keep accumulating especially if you are applying the DCA strategy. But it will be great to get to the level where one doesn't care about the movement of the market for a long time until it gets to the planned threshold.     

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August 13, 2024, 04:17:13 AM
 #87

I would imagine that many of us are going to want to attempt to monitor our investment into bitcoin, especially if we are serious about it and serious to attempt to build it up and to even potentially try to keep track of how much we invested as compared to how our investment might be going up or down in value (price) with the passage of time.
 
There might be some points in which we might not really want to micro-monitor it, and surely some personality types are different than others in terms of their desires to keep track and/or to potentially look at bitcoin every day, once investing into it.
It is very difficult not to look at the price of Bitcoin especially if you are a frequent user of the internet. Crypto news will always pop up on social media or some web page and it might push you to want to monitor the value of your investment. I am more tempted to look at my investment when the price of Bitcoin is going up. It gives me a sense of satisfaction that I have not invested wrongly. When I get the news about a price drop, I simply stay away from my investment to avoid any form of fear or discouragement. Looking at my wallet in the early days of my Bitcoin adventure caused me so much anxiety that nearly resulted in some health problems. Until I discovered that the beauty of Bitcoin is that the period of price drop also gives another opportunity to keep accumulating especially if you are applying the DCA strategy. But it will be great to get to the level where one doesn't care about the movement of the market for a long time until it gets to the planned threshold.     

That is one of the great things about any of the guys who are early to bitcoin and if they can get it into their heads that they are going to be buying bitcoin no matter what  (perhaps as often as every single week) for their first 4 years or maybe even longer than that, maybe they will be buying no matter what every week for their first 6 years, and then after they pass a certain amount of time and BTC accumulation, they can reassess where are they at and whether they might consider to adapt their strategy to something else... There are some guys who might already realize that continuing to buy for 4 or 6 years straight had really been working out well for them, so they decide to continue such practice of continuing to buy BTC weekly.. and then maybe they are getting further and further along in their bitcoin accumulation journey that they might consider some ways to adjust their strategy..

So then the ongoing practice of frequently buying BTC and even keeping their buys weekly, then the dips in the BTC price may well help them to feel somewhat better about the dips, even though surely the longer that any of us accumulate bitcoin the more that we end up profiting when it goes up, even though in our earlier years of accumulation, it actually works to our advantage if the BTC price does not go up very fast so that we will have time to accumulate more BTC since it can take a quite a bit of time to have cashflow coming in that is sufficiently enough to contiue to buy BTC with it.

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August 13, 2024, 10:28:13 AM
 #88

It’s a pretty low-maintenance way to invest, especially if you’re into DCA or just holding onto your assets.
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August 14, 2024, 01:54:28 AM
 #89

I would imagine that many of us are going to want to attempt to monitor our investment into bitcoin, especially if we are serious about it and serious to attempt to build it up and to even potentially try to keep track of how much we invested as compared to how our investment might be going up or down in value (price) with the passage of time.
 
There might be some points in which we might not really want to micro-monitor it, and surely some personality types are different than others in terms of their desires to keep track and/or to potentially look at bitcoin every day, once investing into it.
It just comes naturally because we are investing with money so monitoring our investments becomes a form of self-motivation. The difference is what causes us to panic because we don't fully understand the investment process that is being carried out, which causes panic when the price gets hit down. But some people are unique and it may be true that some people just don't want to check for whatever reason.

If you want to avoid panic then you should focus more on accumulating bitcoin than checking it regularly. Unless one can avoid panic when the market gets hit down and I think that can be achieved if one is already at a maturity stage in investing. If you look at it further, there should be no need to panic because after the price drops there will be a time when it will rise again and that is the simple way of thinking.

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August 14, 2024, 08:15:31 AM
 #90

I would imagine that many of us are going to want to attempt to monitor our investment into bitcoin, especially if we are serious about it and serious to attempt to build it up and to even potentially try to keep track of how much we invested as compared to how our investment might be going up or down in value (price) with the passage of time.
 
There might be some points in which we might not really want to micro-monitor it, and surely some personality types are different than others in terms of their desires to keep track and/or to potentially look at bitcoin every day, once investing into it.
It is very difficult not to look at the price of Bitcoin especially if you are a frequent user of the internet. Crypto news will always pop up on social media or some web page and it might push you to want to monitor the value of your investment. I am more tempted to look at my investment when the price of Bitcoin is going up. It gives me a sense of satisfaction that I have not invested wrongly. When I get the news about a price drop, I simply stay away from my investment to avoid any form of fear or discouragement. Looking at my wallet in the early days of my Bitcoin adventure caused me so much anxiety that nearly resulted in some health problems. Until I discovered that the beauty of Bitcoin is that the period of price drop also gives another opportunity to keep accumulating especially if you are applying the DCA strategy. But it will be great to get to the level where one doesn't care about the movement of the market for a long time until it gets to the planned threshold.     

I think there is only one way to avoid the habit of constantly checking the price of Bitcoin - to occupy yourself with such important things that you will not be able to constantly look at your smartphone. I think this includes raising children, taking care of your health or your favorite thing. We all understand that the amount of money on the deposit is important, but still, money is only a means to achieve our true goals.

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August 14, 2024, 08:28:15 AM
Merited by JayJuanGee (1)
 #91

Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?

But where you are going to get the money to invest on crypto if you don't have a regular job? Unless your family is uber rich and all that stuff, you need to study and get a good paying job first before you can invest money in crypto and then just let it sit to accrued profits over time. And not everyone has money to invest, just like the rest of us here, we might started with just a signature campaigns to get Bitcoin and then go to trading to multiple it. So it's a bad analogy to be honest, as it you are treating investing in Bitcoin as something like a magic bean, that will solve the financial problems. It's not, you still need to work your ass off and when the time that you have extra money in your pocket then that is the best time to invest.
Investing in bitcoin is much more attractive than any job but where will we get money to invest in bitcoin if we don't work? But I think we don't need to wait until we have a stable or high income to start thinking about investing in bitcoin. No matter what your job is and how much you earn, as long as you plan to use your salary wisely and can still invest in bitcoin, you should start your bitcoin investment quickly. Don't wait until you have a stable job and a high income because you will never know when it will come to you and you will probably never invest in bitcoin.

But I agree with you, OP is making a pretty bad comparison comparing bitcoin investing to regular work. I don't see any correlation here.

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August 14, 2024, 08:35:02 AM
 #92

One beauty about Bitcoin investment is that one doesn't have to stare at a computer all day.
 As many as 40% of American jobs expected workers to pretend to be working while staring at a computer screen and faking a frown, before earning benefits as salaries  from an investment of their time  spaning into years, all day long.

 Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?

But how can the 40% of American workers gain the money to invest in bitcoin?
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August 14, 2024, 10:25:00 AM
 #93

according to my understanding, it's just camouflage in living real life in the world, as if having activities that produce results, but for me it would just be a waste of time if you only relied on work in the crypto world and you should do real work to get monthly results and crypto becomes a sideline after the main work is finished.

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August 14, 2024, 08:27:01 PM
 #94

On your question, that time starts when you decide to become a long -term investor. Long -term investment uses a better DCA method.

Actually it is not much different, maybe the way I convey it is different. It could be that what he said is easier for you to understand compared to what I said. And I also stood on the same thought about the duration of one year in investment. One year will not be able to ensure that investors will get a return as expected because it is too short, considering the very volatile crypto market.
Provisional conclusions, 1 year is not feasible to be mentioned as a long -term investment duration, but the short term.

Hopefully we are talking about bitcoin instead of shitcoins, especially if we are referring to investing.. Crypto is a pretty fucking vague term, and hopefully, no one really believe that DCA would actually work with something as vague as crypto.. even though it is a good idea when we are actually able to specify that DCA and/or investing is a good idea when it comes to bitcoin.. especially when considering the investment timeline to be 4-10 years or longer in regards to any new buys of bitcoin that are made.

I understand that the denominator of crypto as you put a thick sign shows something that is not clear because of the large number and cannot be ascertained as to what the future will be like in the future.
Yes. I'm talking about bitcoin and not crypto. The DCA method used in the long -term Bitcoin investment plan is better. This is like a repetition, but I intend to say that Bitcoin is Bitcoin and Crypto including Shitcoin. Bitcoin type of investment that promises because of its value.

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August 14, 2024, 10:37:57 PM
 #95

If you're a trader, you don't also have to stare at your monitors 24/7 but someone who's seen the opportunity on every second on the market.
Like those that have been trading with futures, they have to watch out their trades and look at them all day long.
I do agree about the beauty of investing on Bitcoin. You don't have to be so good at anything at all but as long as you're good taking that risk, that's all what it takes together with your money to start investing in.
Bitcoin investment is a good thing. The thing to do with Bitcoin B and deposit it in the bank is something like that.
Bitcoin to deposit in the bank? I can't say if that's what actually you're saying or you do actually is saying that.
Because there's not a lot of banks that do accept Bitcoin deposits and we don't need to do that when we can keep it on our own.

If you think long-term and keep investing in bitcoins gradually, you'll see something good come of it eventually. I have also seen a lot of people who invest little by little and continue to invest and earn a good amount from Bitcoin.

If you do anything besides business, I think you should invest in Bitcoins and continue to invest in them. You don't have to look back if you think long-term.
That's true, there's no rocket science needed for that. Keep on investing and saving Bitcoin and it will save you someday in the future.
It is what's happening right now and there's no need to be an expert on it and all you have to do is to hold and keep it while you can until you are ready to sell it.
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August 14, 2024, 11:39:13 PM
 #96

If you are investing for Bitcoin for long term, you don't have to check the price daily or weekly just save your seed phrase in a good secure place and delete the app from your phone. And you can check the price just once a month.
Or set alarm to receive the price of bitcoin whenever there is fall and rising. And when the price down then buy more to fill the wallet.
Bitcoin investment is indeed less risky for those who knows well how to manage this kind of investment, but for those who simply invest for greed, it certainly turns out that it’s highly risky for them. Acquiring knowledge and clear understanding on the market is the key, otherwise you will get easily panic and resort into wrong decisions which will lead into a lot of mistakes and inevitable losses.

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Today at 02:50:13 AM
 #97

On your question, that time starts when you decide to become a long -term investor. Long -term investment uses a better DCA method.

Actually it is not much different, maybe the way I convey it is different. It could be that what he said is easier for you to understand compared to what I said. And I also stood on the same thought about the duration of one year in investment. One year will not be able to ensure that investors will get a return as expected because it is too short, considering the very volatile crypto market.
Provisional conclusions, 1 year is not feasible to be mentioned as a long -term investment duration, but the short term.
Hopefully we are talking about bitcoin instead of shitcoins, especially if we are referring to investing.. Crypto is a pretty fucking vague term, and hopefully, no one really believe that DCA would actually work with something as vague as crypto.. even though it is a good idea when we are actually able to specify that DCA and/or investing is a good idea when it comes to bitcoin.. especially when considering the investment timeline to be 4-10 years or longer in regards to any new buys of bitcoin that are made.
I understand that the denominator of crypto as you put a thick sign shows something that is not clear because of the large number and cannot be ascertained as to what the future will be like in the future.
Yes. I'm talking about bitcoin and not crypto. The DCA method used in the long -term Bitcoin investment plan is better. This is like a repetition, but I intend to say that Bitcoin is Bitcoin and Crypto including Shitcoin. Bitcoin type of investment that promises because of its value.

If you are talking about bitcoin, then it seems better to use the term bitcoin rather than referring to crypto, and we might get confused about what you are talking about.

1) Self-Custody is a right.  There is no such thing as "non-custodial" or "un-hosted."  2) ESG, KYC & AML are attack-vectors on Bitcoin to be avoided or minimized.  3) How much alt (shit)coin diversification is necessary? if you are into Bitcoin, then 0%......if you cannot control your gambling, then perhaps limit your alt(shit)coin exposure to less than 10% of your bitcoin size...Put BTC here: bc1q49wt0ddnj07wzzp6z7affw9ven7fztyhevqu9k
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Today at 06:52:54 AM
 #98

Compared to how easy an investment in cryptocurrency would pay off well and is a sure hedge against inflation, be it by trading and using or not using bots and AI integrations or by DCA strategy in varying fractions or lump sum or by mining bitcoins and being so serious as to own a mining farm or by diversification of wealth into owning Bitcoin since made possible for large pocket investors too, with the spot ETF approval, it is just fascinating how a crypto investor wont spend as much time staring at their computer screen all day before they make or accumulate wealth by investment in cryptocurrency.

What is your opinion?
The reasons may vary, but I think more about art in assessing investment in Bitcoin. Why I say that is because investment talks about expecting profits and it takes art to achieve it all. But most people talk about strategy because with strategy we will make investments more profitable. Bitcoin became hedged in an attempt to achieve financial freedom and it was hardly found in previous investments that existed. About a strategy or purchasing pattern that is carried out and maybe that is the basis for how someone should learn.

But staring at the computer to see Bitcoin's journey in the market is a satisfaction in itself for investors. If we talk about calm trading, then your assumption that you don't need to look at a computer will invalidate all these arguments because they have to use a computer to carry out trading. So this small reason is not a reference because everyone has a different view of the involvement of investing in bitcoin.

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Today at 10:55:36 AM
 #99

The reasons may vary, but I think more about art in assessing investment in Bitcoin. Why I say that is because investment talks about expecting profits and it takes art to achieve it all. But most people talk about strategy because with strategy we will make investments more profitable. Bitcoin became hedged in an attempt to achieve financial freedom and it was hardly found in previous investments that existed. About a strategy or purchasing pattern that is carried out and maybe that is the basis for how someone should learn.

But staring at the computer to see Bitcoin's journey in the market is a satisfaction in itself for investors. If we talk about calm trading, then your assumption that you don't need to look at a computer will invalidate all these arguments because they have to use a computer to carry out trading. So this small reason is not a reference because everyone has a different view of the involvement of investing in bitcoin.

Honestly, I did not quite understand what you meant by art. And why, in your opinion, this art approach contradicts strategy in trading? I would say that developing strategy only benefits your way of trading, because you define some standpoints for yourself which help you navigate through the market. And following strategy doesn't obligatory mean that you would have to stare at the screen all the time. It really depends on your trading style and your self control abilities.

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Today at 01:22:14 PM
 #100

If you are investing for Bitcoin for long term, you don't have to check the price daily or weekly just save your seed phrase in a good secure place and delete the app from your phone. And you can check the price just once a month.
Or set alarm to receive the price of bitcoin whenever there is fall and rising. And when the price down then buy more to fill the wallet.
Bitcoin investment is indeed less risky for those who knows well how to manage this kind of investment, but for those who simply invest for greed, it certainly turns out that it’s highly risky for them. Acquiring knowledge and clear understanding on the market is the key, otherwise you will get easily panic and resort into wrong decisions which will lead into a lot of mistakes and inevitable losses.

It is quite surprising how the same phenomenon, such as trading, is very dependent on the knowledge of what is sitting in front of the screen. For a beginner, trading is two options: the price will rise and the price will fall. And this is actually gambling, because such a trader does not know about technical analysis and averaging positions. He is like at the helm of a ship, but has no idea how to steer the ship. Therefore, knowledge and self-development are very important in trading. As well as your own conclusions, obtained through bitter experience.

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