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Procrastinating always does more harm than failure, mainly in investing. While some people delay to purchase Bitcoin or any other assets, waiting for best price. But when prices dip, yet they hold back held in doubt. At the end, they miss out totally.
Work on your plans without hesitating. Waiting or overthinking for the perfect hour might cost more than making calculated risk. This may be for Bitcoin or another goal, steady actions wins endless waiting every time.
I will speak about procrastinating from a general point of view, people who procrastinate understands the adverse effect if they don't do what they are meant to do that moment but they choose not to, giving one excuse or the other. Procrastination in Bitcoin investment is what will make some investors buy at a price higher than they should have, most of them would complain about the price being higher and waiting for the price to fall, who knows if from there the price of Bitcoin will move up instead of becoming cheap, this is the reason why using strategies to invest and following a discipline route can help investors to do the right thing at the actual time.Work on your plans without hesitating. Waiting or overthinking for the perfect hour might cost more than making calculated risk. This may be for Bitcoin or another goal, steady actions wins endless waiting every time.
If you ask a gambler when you will stop, he may not be able to give you the right answer and he will continue to gamble twice as much because he does the opposite of what he is told to do and he will continue to gamble. No one stops even when he has the opportunity to stop because he gambles more to win. The statistics show that brave gamblers are those who have reached that point.
I think you do not want to stop gambling easily because you have enough money left and you want to have more fun.
I think you do not want to stop gambling easily because you have enough money left and you want to have more fun.
How religious the country is will also determine their gambling habits. It doesn't matter how wealthy the people over there are or how vibrant their economy is, if the country has more religious population their gambling activities will be extremely low compared with countries that doesn't care much about religion. So this should also be put into consideration when deciding why some countries gambles more than others.
Religion can be a big factor affecting the mindset of the people and influencing them not to gamble. But I see that money (income) is one reason why a rich country gambles more than a poor country. This is not just talking about the population but also the capacity of the individuals to spend on gambling. They don't gamble to win but just to enjoy their lives. It was a different story from those who live in poor countries, where they choose to risk and gamble for the sake of money. The differences that are seen between rich and poor gamblers are part of a natural process that is seen in most gamblers, but I think that a significant number of rich gamblers play to make money, but many gamble for entertainment. And conversely, poor gamblers play almost mostly to make money.
Earning money is hard, saving money is damn hard, getting rich and being able to live comfortably is insane.
For me saving just for short term, you can't earn anything and your wealth will decrease over time. People have to take big risk if they want to be rich, if they only take some risk or little risk, it's not enough.
What does big risk mean? it's a risk where you can lost all of the money you invest e.g. start a business, invest in new thing etc.
Nothing on earth is easy as we may think, if we wants to get rich or get poor it lias on our hand, because if we don't plan we'll from the earlier stage I don't think that we will plan we when is too late for us, so every time we see or opportunity we get, I think we have to grab it to become successful, something what makes some people to be poor today should be a mismanagement of funds from their early stage, so if you faill to utilise what you have, time shall come when you will have nothing, that's why people do talk of investment, when you have money you to spread your money to things that will give you return For me saving just for short term, you can't earn anything and your wealth will decrease over time. People have to take big risk if they want to be rich, if they only take some risk or little risk, it's not enough.
What does big risk mean? it's a risk where you can lost all of the money you invest e.g. start a business, invest in new thing etc.
If you always have money do not try to spread it you need to first analyse the market choose the chosen coins and then you need to make the right decision.
People who are eager for quick and fast money are usually the ones who do this, they are short sighted and are not in the long game cos they lack patience. They are traders and it’s in their nature to want to make gains quickly, so I don’t want to say it’s all wrong move, so long as they’re making profits and their buybacks is always on a price lower than they sell. The problem is the risk is higher with this practice and you have to be looking at the price chart always (hourly, daily).
This practice is bad and should not be supported especially in a thread like here where there are many newbies and potential investors who are seeking information on how to go about Bitcoin investment the right way and not make mistakes. If we support people to sell at the sight of profits with the hope of buying them back, a lot of them will run into problems which will eventually cost them pain at the end of the day. Why should we support short term buy and sell when holding for long is the right way for better profits and more peace of mind. If we encourage more people to adopt the DCA method of accumulating Bitcoin and holding for long term like a decade and above, we will see more successful, rich and happy Bitcoin investors in the future. I think we should focus more on this than anything. Why is it that alcohol ads are everywhere and they are easily bought in stores nationwide with only a warning of only drinking moderately and yet gambling is not allowed to be the same?
In roads, there are ads of alcohol. Where funnily enough is you shouldn't drink in. While driving. But still there are big ads and multiple ones in roads about alcohol and the warning that says Drink Responsibly. Does that one warning make it safer?
Why can't we just do the same with gambling? Alcohol consumption is extremely risky not only to the person consuming it but to the people around him. There have been so many cases of crimes due to alcohol consumption. Many people's health destroyed. So what makes it ok for alcohol ads to continue in public but not gambling?
In roads, there are ads of alcohol. Where funnily enough is you shouldn't drink in. While driving. But still there are big ads and multiple ones in roads about alcohol and the warning that says Drink Responsibly. Does that one warning make it safer?
Why can't we just do the same with gambling? Alcohol consumption is extremely risky not only to the person consuming it but to the people around him. There have been so many cases of crimes due to alcohol consumption. Many people's health destroyed. So what makes it ok for alcohol ads to continue in public but not gambling?
Alcohol has been part of society and culture for a long time, so it’s advertised everywhere and easy to buy. Even though it’s risky and causes problems, people accept it as normal with a “drink responsibly” warning.
Gambling is different it can quickly ruin people and families, so governments limit its ads and availability to protect people. Just putting “play responsibly” isn’t enough for gambling like it is for alcohol.
Hearing testimonies from different sources, I can only conclude that "You don’t need to be rich to invest, but you need to invest to be rich." Riches aside, investment can increase your financial freedom, but the problem with most people is procrastination, they want this BIG capital to invest, but it is not like that.
From real estate, stocks to crypto, we have seen people buying their assets that were deem worthless, but suddenly became their source of wealth. I remember someone who couldn't afford a land at the city center but wanted to invest. He bought it at a rural area where he could buy over 1 acre. Not long after, the government decided to build a Federal university in that locality. Right now, a plot of land there can buy a plot of land in the city center that he couldn't afford, that is the power of investing.
It mustn't be convenient, it mustn't be in thousands of dollars, a little that is being consistent about and carefully thought through could make that wealth. Start investing today.
Yes there is no doubt agreed its a complete scenario to motivate every person who wants to do something big or who wants financial freedom investment is for everyone. Because in this modern era this is the only way by going through a person can make his self this able to compete with the world. Investment has no specific rules or conditions it's just far until you don't try to understand. You don't need to be a millionaire to invest somewhere it's just to understand where the world is going and how to become rich by little investment in an authentic platform. This is the era of business not a job and there are many living examples they set themselves from bottom to up and become significant personalities to motivate others. And for success the only need is just to learn from them.From real estate, stocks to crypto, we have seen people buying their assets that were deem worthless, but suddenly became their source of wealth. I remember someone who couldn't afford a land at the city center but wanted to invest. He bought it at a rural area where he could buy over 1 acre. Not long after, the government decided to build a Federal university in that locality. Right now, a plot of land there can buy a plot of land in the city center that he couldn't afford, that is the power of investing.
It mustn't be convenient, it mustn't be in thousands of dollars, a little that is being consistent about and carefully thought through could make that wealth. Start investing today.
You are right, there are many living examples among us who have gradually become big businessmen from small traders and they have bound themselves with patience and certain rules due to which they have been able to establish themselves in life. Not only their inspiration, we need to apply our own strategies and mental skills at the same time.
Let's say when gambling, you follow a specific pattern. Let us use lottery for example. You bet on the same specific set of numbers. What would be more regrettable? Betting on the same set of numbers for the rest of your life and not winning or... changing up the set you bet on only for your old set to win?
Basically, would you rather bet on the same thing again and again then regret not exploring more or explore different kinds of bets then miss out on a win?
favourite numbers and lucky numbers Many people base their bets on such beliefs and follow their patterns. I have not seen any statistics of those gamblers winning a lot. But I think it is a consolation. The numbers you will see on the players clothes are their lucky numbers and most players believe in them. I am not tempted to bet or perform actions based on numbers while gambling. I involve myself in most gambling games with reality and using psychology. In the case of lotteries or spins or other gambling games where most of the luck is involved, choosing favourite numbers has no effect on winning or losing.Basically, would you rather bet on the same thing again and again then regret not exploring more or explore different kinds of bets then miss out on a win?
Every loss in gambling should be seen as a way for gamblers to gain experience so that they do not repeat the same mistake in the future. You may not follow the same process that you followed when you lost the next time or you may engage in gambling in a slightly different way. The wounds of losing and losing money in gambling take a long time to heal if you do not get another win. So I keep playing again to forget that moment of loss and feel peace in the wound after I win.
without money, there is no way that you can invest in bitcoin, so the best thing is for anyone to have a job so that when you start from there, because there is no other means that will be accepted when you have a means of earning, but when you don't have a means they how do you even invest so one of the best things to start with is for you to get a job then you will notice that that way you will be able to use the dca method easily because without funds there i no way you can do the dca.
And it depends on the kind of income you are getting, because when you are investing good money same way you will get good return so the money that is going in to buy matters a lot. After all, when you don't invest well then the returns will be small when you are not finacially stable then it will be better to figue things out before investing.
And it depends on the kind of income you are getting, because when you are investing good money same way you will get good return so the money that is going in to buy matters a lot. After all, when you don't invest well then the returns will be small when you are not finacially stable then it will be better to figue things out before investing.
To invest, a person can invest by doing any work, whether it is daily wage, job or business.To invest, it is necessary to have a source of discretionary income. If your source of discretionary income is from a job or working as a daily wage, then you can still invest if you want. If you are working and if you cannot get the meaning of discretionary income from it, then you may not be able to maintain the continuity of your investment. Therefore, you need to have the importance of proper financial management.
Bitcoin is very risky, there is no guarantee that you will be profitable if you invest. However, the possibility of profit is much higher in the case of long-term investment. Therefore, we can never say that we will be profitable if we invest.
Rather than expecting a meaningful return, you should continue to deposit Bitcoin in the long term. Because if you are overly interested in making a profit now it can be detrimental to your long-term investment.
I've been getting notifications from the Russian version of this thread regarding my recent sell-out.
So, my reason? I need the funds. There is no other reason; given that what was given to me had this much USD value, I had to sell them. It's either that or take a loan.
If my actions made the current holders upset, then I'm sorry; I meant nothing ill about it.
I still love the project, hence me wearing the signatures I made. Since I'm not promoting any project or participating in any campaign, might as well make use of this empty sig-space.
I do hope this project continues to grow and more people get encouraged to participate in the airdrops. Thank you everyone.
Investors will continue to be motivated by the use of signatures from important members like you on the forum to promote CHAMBY token. I have also been involved in this project for a several month and continue to save and it is a great token for long-term investors. This token is currently undergoing a correction period. It is the right time for investors to buy aggressively. Expect an impressive and upward trend of CHAMBY token in the future.So, my reason? I need the funds. There is no other reason; given that what was given to me had this much USD value, I had to sell them. It's either that or take a loan.
If my actions made the current holders upset, then I'm sorry; I meant nothing ill about it.
I still love the project, hence me wearing the signatures I made. Since I'm not promoting any project or participating in any campaign, might as well make use of this empty sig-space.
I do hope this project continues to grow and more people get encouraged to participate in the airdrops. Thank you everyone.
Sometimes it is necessary to take responsible risks. When I know how much risk I am taking and how much damage I can cause to my life as a result of the negative consequences. Considering those aspects, if taking a risk is right, then I do not hesitate to take that risk. I do not take big risks in gambling. In real life, I almost always take risks responsibly or in sports, I take risks responsibly. These risks are very important in life. Because such risks can either make you win or lose. However, responsible risk means that your chances of losing are low and if you lose, you will not suffer much.
Taking risks in gambling is less important than taking risks in real life issues that are profitable... people have their attention on the wrong things or should I say that they prioritize things that are not really important..I started thinking to myself that if I applied the same momentum and effort i put in gambling into other things then I'd definitely get results...well, I agree on this, the least you can do is to take responsible risks
You had a point here, however, the risk we take in gambling could also affect the way of life we live in, lets take for instance, a gambler who mismanaged fund in the name of opportunity to win a jackpot or had a sure game, use his entire savings together with other peoples fund with him to play a bet and everything went on being a disappointment as he found out that it was just an illusion and lose, what a predicament to him and a way to start all over, because the risk is too much, but not that we are going to avoid risk in gambling, but it must be such that we can be able to afford in case of the unexpected scenarios.
1. Allocate the amount of money you are prepared to lose for gambling.
2. Maintain a balance between your income and expenses.
3. Responsible gambling can increase the amount of winnings compared to random gambling, so be responsible while playing.
4. Use your time wisely to keep yourself free from the risk of addiction. Excessive time allocation for gambling should be reduced.
In conclusion, it can be said that gamblers will have a strong desire to win the jackpot but should be aware of their financial limits. You should not be aggressive in winning and should give breaks while playing.
⭐ Merited by JayJuanGee (1)
You should go for any investment only after gaining complete knowledge about this subject.
If you want to get all complete knowledge before you can start accumulating Bitcoin you might end up not getting started, the best way is to get started if you have your discretionary income ready, one of the best way to learn is to first get started for you will understand it more better as an insider than been an outsider as you can be accumulating Bitcoin and still learn along the process, Bitcoin investment is not very hard as most people think it believe you can start accumulating once your discretionary income is ready with the little basic knowledge you have about Bitcoin investment.Thank you for your activity. Our token is designed specifically to grow in the long term. Therefore, the token rewards all people who invest in it and punishes everyone who sells it, lol. The token is quite resistant to ragpool, scam and pump-dump schemes.
I absolutely agree Chamby token is designed to grow in the long term because Chamby token has grown massively lately. The investors who sold their Chamby token too early will be living in regret by now because they could have been in massive profit right now if they had held onto their Chamby token. I don't know how long the Chamby token has been in existence, but since Chamby token has overcome the bear market without dying, i believe Chamby token is totally free from scam, rug pull and pump-dump schemes. I wish i had found Chamby token when the price was very low, but i believe i am still early on this solid project. By and large, our token has not yet started to grow. Everything is still ahead. An impressive series of victories lies ahead. But there will also be serious corrections. However, corrections should be perceived as an opportunity to buy the token for the long term at a good price. As weak hands sell out, Chamby maximalists will buy the token from the market, creating a permanent deficit. Over many years, the token can grow by 100, 1000 or 10,000 times or more. So we are really only at the very beginning of the journey. Buy a ticket for a train that will take you very far.
***
Not everyone's income is the same. There are many people who work as daily wage earners. For example, after working all day, they are given a certain amount of money as salary, they can continue to buy continuously by adopting the DCA method every day. This will not be bad at all. Because all the people who work as daily wage earners cannot accumulate or save much money. Because they have daily income and they spend almost the entire amount of money from it, so if they want to buy daily by adopting the DCA method, then it is not a bad idea at all.
I don't like the idea of purchasing bitcoin daily, especially when the person is not rich. Only a rich investor can buy bitcoin daily based on his cash inflow is large daily. Like the person that you mentioned in your post above should not buy bitcoin daily because his discretionary income will be very little since you said when he gets paid, he spends almost the entire money to take care of his daily needs.It's better that such a person should pile up his little discretionary income for one week and buy bitcoin weekly. This will save him from the stress of buying everyday. If it's someone that lacks discipline on keep money for long, he can give the money to someone he trusts to keep it for him till the week comes to an end.
To invest in any business or any other platform, you must have a good amount of money. And managing that amount of money is easy for the rich but difficult for the middle class and very difficult for the lower class. And it is a time-consuming matter. Many may be scared by the price of Bitcoin, but in the case of investing in Bitcoin, if you only have the desire to invest, it is possible to go a long way.
A daily wage earner can arrange another income in any way. He can live his daily life with his previous income and keep the next income as savings. And it does not take much time. A daily wage earner can buy Bitcoin once a week instead of buying Bitcoin every day. He will not feel any pressure in it.
That is, Bitcoin does not guarantee investment only for the upper class, Bitcoin guarantees investment for people of any class or profession.
But looking at Bitcoin from a longer perspective, constant accumulation for a longer duration of 10 years or more is what's going to determine how successful you will be or not.
Gambling is still more preferred to me than drinking, because gambling is for fun and we are not going to compare doing it to that of drinking, because when one gets drunk, they go out of their senses, which can also make them to misbehave at any point, but in gambling, you don't experience such, except you can't manage to take risk and precautionary measures, the two could be ideally accepted if done in a moderate manner.
The experience of gambling is truly a fascinating one and it is unrealistic to compare it with drinking alcohol. I enjoy gambling more than drinking alcohol because gambling gives me pleasure and sometimes my pleasure increases many times with winning. The moment of losing hurts but a win can make you forget the moment of losing before.Drinking alcohol causes physical damage along with financial loss but I drink on various occasions and when I spend time with friends. I mostly refrain myself from drinking to avoid mental depression and further financial loss due to intoxication. I feel more comfortable in gambling because the joy of winning is combined with entertainment.
⭐ Merited by Julien_Olynpic (2)
We may have to wait for some more time to get listed on the exchange. Till then if we can continue to accumulation CHAMBY token regularly then we can get an impressive portfolio. Plan weekly for token accumulate through discretionary income. Keep doing CHAMBY for long term because its price is still in dips stage. If you want to buy this potential token then you can try this method. You can continue at least till the time of listing then you can get profit of several times your capital.
I don't think that a listing on a centralized exchange can happen soon. Unless we list our token on some small centralized exchange ourselves.
But in reality, such a listing doesn't have any particular benefit for us now. More precisely, the benefit could be in new traders, but at the same time it would slow down the growth of the token. Why could this be a bad scenario for us?
If we list the token on a centralized exchange, then quite a lot of liquidity from our reserves will be stolen by arbitrage bots. But are we pouring liquidity into the project, so that arbitrage bots steal it?
In fact, we need to pray that new listings happen as late as possible and not on our own expense. Without additional listings, the price will grow much faster.
***
Chamby has a supply limit. It is 180.13 billion tokens. More precisely, a little more, but for simplicity I have given this figure. Moreover, 3 billion tokens from this supply have already been burned and will never enter circulation. In addition, some part of the LP tokens from the Chamby pool - USDT have also been burned and will never be withdrawn from the pool.
I honestly believe that CHAMBY token is very young now and it should have been more limited for us to expect it to be listed on a centralised exchange during this time. Going forward we should focus on accumulation this token so that we become important member of this community. The communities of those coins that we see on centralised exchanges today were not so widespread at the beginning, but over time, these coins have gradually reached a great time. I firmly believe that CHAMBY token will reach an impressive level in the future.
A class can put pressure on the government regarding the negative effects of gambling and its social prohibition. If the impact of gambling for a country is seen to be expanding beyond a certain limit, then the government of that country can be strict towards it. You may not take such a decision well, but most of us gamblers repeatedly fail to keep ourselves honest in the gambling industry and violate the bankroll and lose additional money beyond our means. Along with our own financial losses it has a negative impact on the family and the wider society and the state. Although physical gambling is prohibited in modern times you can gamble online, it is much easier and ordinary gamblers continue to play despite the government ban.
We may have to wait for some more time to get listed on the exchange. Till then if we can continue to accumulation CHAMBY token regularly then we can get an impressive portfolio. Plan weekly for token accumulate through discretionary income. Keep doing CHAMBY for long term because its price is still in dips stage. If you want to buy this potential token then you can try this method. You can continue at least till the time of listing then you can get profit of several times your capital.
I don't think that a listing on a centralized exchange can happen soon. Unless we list our token on some small centralized exchange ourselves.
But in reality, such a listing doesn't have any particular benefit for us now. More precisely, the benefit could be in new traders, but at the same time it would slow down the growth of the token. Why could this be a bad scenario for us?
If we list the token on a centralized exchange, then quite a lot of liquidity from our reserves will be stolen by arbitrage bots. But are we pouring liquidity into the project, so that arbitrage bots steal it?
In fact, we need to pray that new listings happen as late as possible and not on our own expense. Without additional listings, the price will grow much faster.
Re: Everything you wanted to know about Bitcoin Strategic Reserve
Earlier this week, a number of conservative Republican opposed the "GENIUS Act" bill. But 206 Republicans and 102 Democrats supported the bill and last Thursday the bill passed the House, which was a milestone and exciting in the history of Bitcoin and crypto. The passage of the "GENIUS Act" bill will link Bitcoin or crypto to other assets like the dollar and increase its value. Analysts are hoping that the passage of this law will take the crypto and Bitcoin to a new level with the mainstream banking and financial system. Even the passage of the bill will positively affect Bitcoin as a strategic reserve in other US states.
Source- CBS NEWS
https://x.com/WatcherGuru/status/1946291084939677864