Market perspective

So fast, we are close to the next week, week 47, and the new year is only 5 weeks away. 1 year has passed so quickly.

In this week’s post, I don’t want to talk too much about what’s going on in the cryptocurrency market right now because what needs attention has been fully shared by the community through various channels on the Thuancapital channel in particular.

What I want to share this week is solely about psychology or the difference in how we think about participating in the market. It is clear that the lure of profit drives most people to buy Bitcoin or Altcoins for the first time. There’s nothing wrong with that as most of the investors present in the market right now are the ones who are drawn to the attractive returns that the cryptocurrency market offers.

However, it is unfortunate that most people do not try to understand Bitcoin and the crypto market to begin with, but try to become an investor and then reluctantly become a trader. Trading itself is a very specific set of skills and disciplines that few possess. Those who are new to the cryptocurrency market will face competition from people with far more experience and knowledge than they do themselves. As a result, these inexperienced traders lose a lot of money and time to improve.

It is known that there is a huge difference in life between successful people and unsuccessful people, and the most obvious difference that many success researchers have shown is in thinking – thinking. The way you think and think will affect the bottom line in life no matter what area you work in.

An example that I can show here so that everyone can apply it on their own is the lesson that the Japanese writer Hideichi Takizawa taught in the book “Things Garbage Teaches Us”. He pointed to the huge difference in the way the rich and poor think about the amount of trash they throw away.

The rich man’s trash

1. There are many large capacity plastic bottles available.

From here it is clear that the rich have a frugal shopping habit. Easy to see, buying 1 2 liter water bottle is definitely always cheaper than buying 4 500 ml bottles. And not just drinking water, all other products will be cheaper than smaller ones when purchased with a large capacity and weight. Anyone who has a vision will surely know that.

2. Find fewer cigarette butts, wine capsules and energy drinks.

Rich people know how to protect their health, spend a lot of time doing sports and complement each other with a lot of medication, delicious food … They only raise the bar on special occasions or to reward themselves.

3. Rarely chips, chocolates, packaged snacks …

Fast food is not healthy, so these dishes are not prioritized.

4. There are lots of tennis balls.

Tennis is one of the most popular sports of the wealthy. Perhaps a luxury trend, but above all, their own health is very important to them.

5. There are many beauty products, skin care products.

The rich invest in their own health, not only healthy on the inside, but also beautiful on the outside. “Pouring money into yourself” is the smartest way to spend it.

The garbage can of the poor

1. There are many packs of chips, snacks, energy drinks …

Fast food is cheap, practical, and easy to eat for many people. Choose to fill your stomach with this type of food for many days. Your health will surely gradually deteriorate. Poor people only see immediate effects, but not far-reaching ones.

2. There are many plastic bottles, plastic bags …

These types of materials are certainly cheap, but are extremely harmful to the environment. The wallet costs only a few dollars, but the quality of life can be severely impaired in the future.

3. Piled up garbage.

A clean and tidy living environment helps people feel more comfortable and mentally sharper at work. However, the poor often delay this, which makes the place messy, unclean and sometimes full of rubbish.

My sharing this week may not have much to do with the market, but as I said earlier, thinking and thinking greatly influence our actions and those actions will lead to the next big change. This is true in most areas of life, even more so in the area of ​​investing and trading that you and I do.

Events of the next week

Notable events for everyone next week:

• 11/14 – November 15: Blockchain Economy Expo 2020 Dubai this is the first blockchain exhibition in the history of the “World Expo”. The Blockchain Economy Expo will take place as part of the 2021 World Exhibition at the Dubai Expo.

• 11/15 – November 21: Euro Finance Week 2021 is a conference dedicated to the finance, insurance and real estate industries in Europe and addressing topics such as economic and financial stability in Europe in the coming years.

• November 15 – November 16: Digital Asset Summit 2021 is an institutionally oriented cryptocurrency conference for asset managers and financial service providers.

• November 16 – November 18: Bitcoin A Lightning Summit adopted in El SalvadorThe introduction of Bitcoin in the Republic of El Salvador caused a stir around the world. This conference will take place over three days with the participation of world-renowned speakers, and 100% of the conference proceeds will be donated to support the development of Lightning Network.

• November 16 – November 18: GeckoCon – NFTS Gone Wild is Coingecko‘s NFT Conference of the Year, bringing together the key minds and voices of the NFT space to educate enthusiasts about the present and future of all irreplaceable things.

Below you will find notable news from the projects:

This is the important information for the coming week. I hope the information I provide in this article helps everyone.

Hello everyone and have a nice weekend.