November 2018 archive

It is a Bitcoin evolution – How to maintain a price when trading crypto currencies

I have the impression that many people just don’t like the mindset. “It’s a mindset” not only yells at Eric Bugenhagen, but also applies to both trading and long-term investment. First and foremost, one thing belongs to this mindset: control over one’s own feelings. If you have these under control, you will also be able to develop good money and risk management. Greed and fear stand in the way of many. You get angry: If you had sold everything in time and put everything back in crypto in time! You would be a millionaire!

The problem is that these perfect moments are usually only recognisable in the retrospective. Of course, trends, indicators and patterns, supports and resistances can give instructions for action, but often it is one’s own emotional state that keeps one from selling or buying. You wait for the dip to go even lower, then you will invest in Bitcoin. You wait until the end of the rally to sell at the maximum. If you then act, you are often dissatisfied – you would have sold or bought earlier!

It is even worse if you act impulsively – you notice that Bitcoin Cash rises dramatically, sells all your Bitcoin in favour of Bitcoin Cash – and the price falls. In both cases, in addition to possible losses, one thing is particularly striking:

The Bitcoin evolution ruins his day

Therefore it should be emphasized again that one should adjust one’s Bitcoin evolution, so that the feelings of fear and greed do not control Bitcoin evolution. The classic advice “Don’t invest more than you can cope with” is not just a tip for preventing a private insolvency, but rather a tip to avoid exactly these pitfalls. You should therefore think about what you could get over.

Part of the mindset is that it is not just the Bitcoin evolution

The rule may still be slightly different as a trader than in the case of a long-term investor, but if the price drops dramatically, you don’t sell nervously in either case: Bitcoin Evolution Review 2018 » Full Scam Check. You look at whether there is a fundamental reason for the price fall or whether it is the usual fluctuations. Otherwise, you sell if you want to exchange crypto currencies for Fiat or spend them on goods – in other words, if you want to treat yourself or (in the case of the trader) think that you have reached your Bitcoin evolution trading goal.

With regard to the mindset, one will also gradually notice that the perception of profit and loss changes: Price gains are of course a pleasant thing, but in the event of price losses you will not only see the dwindling portfolio, but also buying opportunities. This view should be cultivated, as it gives you a certain peace of mind in times of price falls.

So far some thoughts to the mindset. In further articles, the path of the investor and the trader will be examined in more detail.

Mammoth task of digitisation – Dorothee Bär to become new Minister of State for Digital Affairs

One thing has been certain since yesterday: the CSU is sending Dorothee Bär to Berlin as Minister of State for Digital Affairs. In the future, the Bavarian wants to steer the German fortunes in the digital sector. The newly created staff position in the Chancellor’s Office is to bundle the concerns about network policy, broadband expansion, data protection and digitization in the book of the new grand coalition. The coalition agreement does mention topics such as blockchain and crypto currencies several times. How Bär positions itself will, however, first have to be seen. But who is Dorothee Bär?

To be a clock generator, to help German companies play in the digital Champions League, to tackle big things – this was announced by Dorothee Bär yesterday. As the new Minister of State, she will successfully lead the German Chancellor’s Office in the generational task of digitization. Thus the 39-year-old will be the new face for the digital of the Grand Coalition, which has been in power since Sunday.

Bär is one of the young conservatives who made it into the new Merkel IV cabinet. Like her colleagues Spahn, Scheuer and Karliczek, she is the driving force behind change and renewal, at least on paper.

They replace the old-fashioned squad and are supposed to represent the Bitcoin evolution

Bär in the CSU seems to be the right choice for this Bitcoin evolution review: digital topics have always determined their portfolio. Their Twitter profile is one of the most widely used among German politicians. Already in the last legislative period she was State Secretary for Digital Infrastructure, but at that time still in the Ministry of Transport. From there she particularly supported the Bitcoin evolution computer games industry, for example with the German Computer Games Prize. Now she wants to broaden her horizons.

Digitizing school lessons, promoting start-ups, broadband expansion, networking the health care system – these are Bär’s core themes. In a newspaper interview with Bild last week, she said that the state, in particular, must be a role model and a pioneer in digitization.

“Authorities must finally be networked in such a way that citizens don’t waste hours on offices just to change their registration, for example, so bear. Germany is “completely outdated”.

Mammoth task: Coordinating digitisation

With the creation of the new post, CDU and CSU are implementing their election program. It says that “digitization is a matter for the boss” and belongs in the chancellor’s office. This means that Doro Bär now has the real mammoth task ahead of him.

As a small inquiry by the Greens last month shows, 482 employees in the managing federal government, distributed among 244 teams in 76 departments, are currently dealing with digital issues. In the new Grand Coalition, several ministers are also responsible for the “top priority” of digital and network policy: the Ministry of Transport for broadband expansion, the Ministry of Economic Affairs for start-ups, the Ministry of the Interior for digital administration, the Ministry of Justice for data protection. The coalition agreement also hints at the establishment of a possible digital agency, a data ethics commission and a digital council.

Bär’s task now is to coordinate the whole thing, to pull the strings and vote – no easy task.