ryan23

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Jan 5, 2017
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  • Even the experienced ones can have that moment of panic. But they usually know when to accumulate instead.

  • Totally agree. It's the classic FOMO and FUD trap. New traders get scared easily and end up losing $ because they don't really know what they’re doing.

  • The next few months will be key. Are we all ready for the ride?

  • Depends on what job you’re in. A high-paying job can lead to financial stability, but if you’re stuck in a low-wage position, no amount of years will help you achieve financial independence. A side business or…

  • C’mon, that analogy is off. Regular money is used for daily stuff, while crypto is more about investment. So, people get into crypto expecting it to increase in value. Scammers use that hype to trick people who don’t…

  • IMHO it’s implied. The context connects back to previous discussions about Bitcoin helping the less fortunate.

  • A lot of people just wait for the government to save them. No matter how rich the government is, if people don’t take initiative, they’ll stay poor. They need to create their own opportunities.

  • Absolutely, focus on your goals and stick to your plans. Discipline comes from doing the same thing over and over, even if it’s tough. Enduring hardship builds that muscle.

  • Some people even quit their jobs to manage their own. They see potential in their business and want to take control. If you're hands-on, it lowers the chance of theft compared to giving full control to a stranger.

  • So, what’s up, Bitcoin enthusiasts? A big bank is saying we could hit $150K. Do you guys really buy into that? I think it’s totally possible, especially with the end of the year approaching. Seems like good things…

  • Mentors can be pricey, so I’m learning solo. Honestly, it’s made me more determined to understand trading better. I might not always succeed, but that just pushes me to get better. I also trust my instincts more now,…

  • Had a chat with a buddy about that. Those who shorted when we passed 120K got wrecked. Thought it would dip back but it didn’t.

  • Exactly. If I’m not careful, I start trading like it’s all about luck. That’s when the bad decisions come in.

  • So you’re saying it’s more about upgrading your surroundings? I don’t see any issue with that if it brings more opportunities. Sometimes a fresh environment is what we need.

  • That prediction kinda makes sense given the current price action. With only about 12 days left in the month, I doubt we’ll see a massive spike unless some major news drops. And honestly, I can't think of anything big on…

  • Easier said than done, right? Many find it hard to keep at it. It can stem from laziness or lack of motivation. But if you’ve got clear goals, you gotta enforce self-discipline.

  • I disagree with the gambling comparison. There’s a real chance for profit if you hold long-term. Trading is more like gambling because it’s all about short-term predictions.

  • I’m all about goals! Even when saving, I do it for future purposes. Motivation comes from having something to aim for. If you’re just going through the motions, the outcome feels pointless. Gotta have that fire to keep…

  • A trader is still a trader, even if they’re struggling. Just like gamblers. Strategies are what set successful traders apart from those who fail.

  • You need to track expenses to set an accurate budget. Without tracking, you won’t know where to allocate funds or if you’re wasting money.