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So the problem with 21st century America is lack of self control.

I agree with you that credit cards are a great way to manage your payments. Use the perks, enjoy the convenience and safety, and pay the balance each month. So Americans are not addicted to easy credit, they just don't have the discipline to responsibly manage the credit that is made available...

I think that was Vic's point. The American public is addicted to easy credit. The whole system is based on buy now pay later. You can have instant gratification for only god knows how many easy payments at 20 plus percent interest. Can't make a payment, switch to another card company for an...

Right that was a wake up call as to how much power the government has. Probably no protection. I guess thats why you diversify into other assets. I mostly start with a small position and scale in as the price increases. With a small position my stop loss keeps the loss small. As price...

Ya, this is where I get confused. Fot stocks I have a broker. When I want to buy a stock I put the order in with the broker who routes it to an exchange where it is filled. The stock is then held in my account with the broker, not with the exchange. Back in the day I could get the broker to...

2023 Credit Card Debt Statistics | LendingTree Unfortunately, most people with an active credit card account don’t always pay their bills in full. A November 2022 LendingTree survey found that just 35% of cardholders say they always pay their credit card balance in full every month, while 65%...

Like youself I pay my creditcard balance in full every month. Good money management. But I wonder how many would have to declare bankruptcy if they had to pay the full balance. Look at the number of people who live paycheck to paycheck.

I can see the difference in our thinking. You are dealing with what if and I try to deal with what's happening now. I don't look at what if I had bought at 15k, because I didn't and there is nothing I can do about the past. If I don't but any BTC and it goes to a million, I haven't lost any...

In reality it's a number that changes with each trade. Not sure of the value of such a number. For any given time period take your account balance and subtract it from your starting balance and divide by the number of trades you made. (assuming you didn't add capital) If you go on tilt your next...

I'm not sure how I give up profits? Why wouldn't I be able to get in? I usually like to buy stuff making new highs. If BTC takes off without me, I haven't lost anything but opportunity. Thinking that I have lost because I didn't own any BTC is FOMO. It's not something I'm concerned about. Now...

Not sure where you got the idea that I've had losses. Buying the uptrend has worked out fairly well. Much better than holding from the top like some people. But that's neither here or there. You don't have to be concerned about how I'm doing. My networth is greater now than when when we first...

I already like CTO Larsson, even though I never heard of him. That has been my arguement all along, BTC is a great vehicle for trading, HODLing could eventually be a disaster. Trade what is, not what you hope it will be. Had to look up the meaning of orange pilled, haven't got there yet but...

Except when it doesn't!! That's why you have a money management strategy.

Benjamin Cowen Issues Bitcoin Warning, Says History Suggesting BTC Heads Much Lower – Here’s His Outlook - The Daily Hodl

The turtles were fortunate in that they traded Dennis's money. Easy to be a millionaire trader when you strat with a million dollar account. Trend following still works!!!!

What did you do, move to El Salvador? :) Are your Tradingview and express VPN subscriptions billed in BTC or fiat? Bitcoin moves about 2.5% per day. At least thats what the Average True Range (14) shows on my charts. Now 3% on a 10 dollar purchase doesn't sound like much but when you apply it...

You actually know your own track record, know how you trade and what your weaknesses are. Now ask the question!!

I have to assume that you are billed in US Dollars. Do you have to go thru an intermediary to convert BTC to USD? What kind of exchange rate applies? I know I can buy stuff in the US with Canadian dollars but I usually get raped with the exchange rate. Better for me to convert to US and pay USD...

And yet the stock price is down over 5%; Go Figure!!

No restrictions on the amount you can transfer?