Yeah exactly. Some people are forced to jump into crypto because they knew someone who makes money out of it that is why they just take part without enough knowledge the reason why they got rekt. Even experienced traders sometimes lose how much more the neophytes. 😁

I think most people are like that, they get into the crypto world because they see other people doing the same thing, especially in the digital era like now, they will meet a lot of people who live in the crypto space and also many influencers who promote it. This.

That's actually a good thing, as long as they are willing to learn more to learn this crypto. Don't let them just follow other people without their desire to learn.

Quote from: DAMKAR on May 25, 2024, 05:09:59 PM

Yes, that's right, don't be greedy. When we have made a profit, we can sell it and convert it to USD, then wait for a correction to occur, we can buy potential coins again to hold. This is the best way we can do right now besides daily trading.

Greed can always put you at risk and if you are greedy to not accept the little profit then you will never become a profitable investor as many people whose wishes are not fulfilled remain unsuccessful because they remain unsatisfied.

It is better to accept little profit and invest it in another asset that you think will surely give you profit like that of bitcoin and Ethereum. But if you are not taking little profit then neither you can buy another coin nor you can find the already bought coins as a beneficial coin.

Our main enemy is ourselves, and greed comes from ourselves, so that's what we have to fight so that it doesn't control us and make us fall into unwanted situations.

In any case, greed will always end badly and as much as possible we should not follow it. The reason is that I believe everyone has that feeling, because it is a characteristic that humans have. So we have to win the war against ourselves.

Those poor gamblers who are driven by that interest or dream of getting rich through traditional gambling often lands themselves into addiction and other gambling problems.
This is the reason why they always advise gamblers against seeing gambling as a way to change their financial status, because it usually leads gamblers into making unrealistic gambling decisions that leads to losses and even more losses.

what you say is very good, where gamblers should not see that gambling will change their financial status, in short making gambling a place to make rich, it is something very ridiculous if someone has thoughts like that.

Gambling is something that must be done consciously that this is a form of game that can be used just for fun. Don't let your thoughts stray so that they become annoying later.

Del

If anyone is getting heated up after losing, that's a very big red flag and a sign that something needs to be changed.
If one is to engage in gambling at all, the approach should be as emotionless as possible. Getting frustrated with the outcome usually indicates that a person wagered much more than they could afford to lose.

I agree with you, when they become emotional when they lose, it means they have a target that should not be a target in gambling, namely chasing victory.

Maybe feeling disappointed because of losing is something normal, especially I won't deny that when I gamble I also hope to win. However, that hope is not for me to pursue, but it is a natural feeling that a human has. So when I lost I was normal, because from the start I knew the risks.

Good advice, we must have an emergency fund that is not in the form of crypto investment, because this is very risky.  When we need it we will sell our coins accordingly, we can suffer losses if when we sell the price of the coins falls.  It's best to use free funds to invest, because crypto is very volatile.

Yes, I hold fiat money for that emergency fund, because I realize that something we don't want might happen to us, even though I always pray that I won't be in a situation like that.

Even though we have never experienced something like that, we must prepare for it. Not having experienced it doesn't mean you won't experience it, right? although again I don't expect that to happen to me, and to everyone.

Quote from: ajiz138 on June 01, 2024, 02:17:39 PM

The Conference League had Fiorentina as favorites, then they lost to Olympiacos. The European League had Leverkusen as favourites, then they lost to Atalanta, and now the Champions League has Real Madrid as favourites, will something similar happen? worth watching.

Even in the FA Cup, which placed Manchester City as favorites, they had to lose to Manchester United. This season is indeed a season full of surprises in the final match.

In Conference League I disagree with Fiorentina as favorite team because Olympiacos success qualifying to final round after beating favorite team from premier league Aston Villa, but its true with Europe League as Leverkusen become favorite team but success beating by Atalanta.
This season full of surprised result after top teams unpredictable loss from not favorite team, waiting the champion league final will Dortmund make any surprising or Madrid will be the winner and face Atalanta on UEFA Super Cup next two months later.

Yes, maybe that will be a different opinion, because if we look at the previous match, Atalanta was also the team that managed to bring home a big favorite from the Premier League too, namely Liverpool. If we base it on that then it's the same.

Yes, Atalanta is waiting for who will be their opponents in the EUFA Super Cup. They are definitely looking forward to their opponents in that match. Whether it's Real Madrid or Borussia Dortmund, I think they are ready for both.

There are quite a few times in the past where I need to sell some of my Bitcoins because of some events that I can't even control. My mistake at that time is that I went all in on Bitcoin and other altcoins that I forgot to put some of my emergency funds, and when the time comes that I need it, I don't have anything and cryptocurrency at that time is also going down. I have no choice, but to sell some of my tokens just to have some money to use. I sold it at a loss.

I'm disappointed on my decision, but I just thought that at that moment, my priority is the emergency that happened than my portfolio hence, I did that thing. I learned from that of course, and now has emergency funds already.

An emergency fund is something we must always have, we should not only focus on investing while we forget to prepare money for unexpected situations. And what you experience is something that will make you better.

I also do the same thing, I always prepare an emergency fund, so that when in an urgent situation I don't have to sell my assets because of an unexpected situation. If we sell at a profit, it is still something good, but if we are forced to sell at a loss then it is something that is not good at all.