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Tag: making money

  • A Solution For Crypto Trading Addiction

    A Solution For Crypto Trading Addiction

    The elements of crypto trading addiction and gambling are a consistent risk that we must always be on guard against.

    Are you Addicted To Crypto?

    If you’re feeling muscle tension, if you’re feeling a slight background anxiety, if you’re checking the price of Bitcoin and altcoins several times through the day (and night), if you’re thinking about trading while you’re engaged in other activities, then you could be edging into the dangerous area of trading outside of your trading plan.

    I must say that I’m as guilty of “the risk to trade compulsively” in these markets as anyone. It’s something I have to constantly guard against.

    The emotions you feel while you are trading are much more important than many people acknowledge. The negative emotions created by the addiction-style compulsive need-to-watch-the-markets can begin to affect all relationships in all areas of your life – and even your health.

    Self-Talk of a Typical Trading Addict:

    • I can’t miss this opportunity, the market is going to explode any minute now.
    • I need to keep checking the price to make sure I don’t miss out.
    • If I don’t make a move now, I’ll regret it later.
    • I have to keep taking risks and making trades to stay ahead of the game.
    • I can handle the stress, I just need to keep pushing myself.
    • Maybe if I just make one more trade, I’ll hit it big and all my problems will be solved.
    • I can’t stop now, I have to keep going no matter what.

    Addicted Trader Holding A Loser:

    An addicted trader holding a losing trade might say to themselves:

    • “I can’t sell now, the price will bounce back any moment”
    • “I’ll just hold on a little longer, it will definitely go up eventually”
    • “I need to average down my position, then I’ll make a profit”
    • “I can’t let this trade be a loss, I need to keep holding and hope for the best”
    • “I’ve already invested so much, I can’t afford to sell now and take a loss”
    • “If I sell now, I’ll miss out on potential profits when the price rebounds”

    An Experienced Trader Self-Talk

    A long experienced trader may say to themselves while holding a losing trade:

    “It’s okay, losses are a part of trading. I have a solid trading plan and I know that over time my strategy will lead to overall profitability. I’ll use this experience to learn and adjust my approach in the future.”

    The difference between the two self-talk examples is that the experienced trader is more self-compassionate and focused on the long-term plan, rather than being overly self-critical and focused on the immediate loss. They understand that losses are a natural part of the trading process and use it as an opportunity for growth and learning. This type of self-talk helps the trader to maintain emotional balance and a level head while navigating the ups and downs of the market.

    The experienced trader is more self-compassionate and focused on the long-term plan, rather than being overly self-critical and focused on the immediate loss.

    Trading for Financial Freedom

    Take a moment to reflect on what’s the main reason that you got into trading Cryptos in the first place? For many, it’s for Financial Freedom which is time freedom, security, comfort and all those things. I want to have my crypto money work for me, I don’t want to spend my time working for my cryptos.

    So if I’m trading in such a way that it takes away from these reasons, then I am feeling stress. And so what’s the solution? The solution always is to change your thinking. To review your long term goals in all aspects of your life and then find a way to participate in the cryptocurrency trading that is going to open up more space for joy in your life – rather than causing muscle tension, background anxiety, constantly looking and thinking about the market.

    Finding a Low Stress Approach to Crypto Trading

    Instead of feeling stress when you can’t be there to make decisions on the market, instead of the feeling that the market may get away without you. Focus on a low time commitment way to trade crypto that opens up more time, more space for joy and success in your life.

    If your trading doesn’t feel good, you have to review it.

    It may require smaller trading positions, eliminate margin trading and eliminate leverage trading. And then refocus. Past performance is not indicator of future potential. Diversify your time in the many aspects of crypto trading and investing rather than just watching the charts to see when the prices are going to take off into the next pump.

    It’s easy to get caught up in the excitement of the market, but if your trading doesn’t feel good, it’s important to take a step back and review your strategy. This is where emotional intelligence comes in. Emotional intelligence is the ability to recognize and manage your emotions.

    When you begin to feel relief you are on the right track, when you begin to feel good you’re on the right track, when you’re spending less time managing your crypto trades (your crypto trades are working for you rather than you working for them) when you find yourself joyfully participating in other activities and you never even thought about your positions – you’re on the right track.

    Overcoming Crypto Trading Addiction:

    One of the first steps in overcoming crypto trading addiction is to develop emotional awareness.

    You need to recognize the emotions that are driving your trading decisions. Seek the guidance of a financial health professionals. Read the book “Money Is My Friend,” and start to unravel your emotional beliefs about money that were scripted while you were a child. By understanding your triggers, you can develop strategies to manage them.

    Once you’ve developed self-awareness, the next step is to develop self-regulation.

    This means managing your emotions and avoiding impulsive decisions. Self-regulation is managing your stress levels or your energy levels by choosing to tell a different story in your mind. Start to incorporate stress-reducing activities into your daily routine, such as exercise, meditation, journaling, or spending time with friends and family.

    1. For chronic or extreme stress, this author recommends attending a guided hot yoga class which combines physical movement with breath work and meditation.
    2. The emotional rehearsal meditations by Dr. Joe Dispenza are also highly recommended.

    These meditations involve visualizing a specific event or outcome that you desire, and experiencing the emotions associated with that event as if they have already occurred.

    The idea is to create new neural pathways in the brain that are associated with positive emotions and outcomes, which can then help to reinforce positive behavior and reduce negative emotional states such as anxiety and stress.

    Dr. Joe’s meditation retreats have been shown to be effective in reducing stress and improving both physical and mental health, including stress management and emotional regulation.

    Balancing Crypto Trading with Other Aspects of Life

    There is a time to work hard and put the hours into studying everything you can about Cryptos… to make your spreadsheets and to make your trading plans… but then there’s a time to stop thinking and to enjoy other aspects of life.

    If you feel the signs of Crypto Trading Addiction, if you have been spending way too much time watching the markets, if it is causing stress in other areas of life… it’s time for some changes so trading take less time to manage – and you focus on more joyful activities.

  • Crypto Trading Mistakes When Winning, Mistakes When Losing

    Crypto Trading Mistakes When Winning, Mistakes When Losing

    In the beginning, I was making crypto trading mistakes on my losing trades, and I was making trading mistakes on my winning trades.  Even with a great trading plan, I could not successfully earn a profit. 

    Watch on YouTube

    This video may provide a shift in perspective that will help, if you are making the crypto trading mistakes where you’re losing more money than you should have, and you’re also making the trading mistakes where you’re not making as much money as you could have 

    Gaining Skills With Money 

    In just ten minutes per day, you can learn to apply repeatable laws of money that can help you get wealthy.

    How can this be true? Getting wealthy is a matter of making money, keeping your money, and growing your money. 

    Even if you are making money by working at a fast food restaurant, you can get rich over time, if you simply develop the habit of saving just $20 per week – and carefully make your savings grow with just a little bit of interest, compounded, year after year. 

    RELATED: A Simple Plan To Become A Millionaire

    The trouble that most people have – that prevents them from getting wealthy – is they do not feel good about keeping their money –  and they have not practiced feeling good about watching their money grow.  

    Instead, they feel good by spending their money.  They act on the slick sales message of debt-pushers ‘get it now with easy payments’, and end up paying interest on that purchase… in effect, they are compounding the growth of someone else’s money! 

    Keep watching the other videos in this series as a way to reinforce and practice rehearsing good feelings about keeping your money and watching it grow. 

    Before we can truly overcome the two mistakes that all traders make, we need to understand them.  This understanding comes from learning new knowledge, and second, from practice.

    Mistake One

    The first category are mistakes that we get punished for. We get punished by losing more money than we should have. Most people will learn from those mistakes over time – or they just quit trading because it’s not working for them. We’ll cover some specific strategies to help you prepare in advance to keep your losses small. It’s not wrong, and it’s not a mistake to take losses in trading – but if you are making the dollar cost averaging mistake we’ll cover in a moment, then your losses are much bigger than they should have been.

    Mistake Two

    The other category is harder to identify; these are mistakes we don’t get punished. That is, when we make this mistake, we simply don’t get the benefits we should have. We may never become aware of this mistake, because there is never a signpost that pops up to say  ‘You didn’t get all these extras!’. Later in this video series, we’ll review a pro tactic that overcomes this mistake and makes winning trades bigger!

    If you are making the mistakes where you’re losing more money than you should have, and you’re also making the mistakes where you’re not making as much money as you could have – then you want to break even in your trading, but you are struggling consistently, and it’s deeply frustrating for you.

    You can overcome these mistakes. It will take some practice, but it’s so worth it!

    Why We Make Trading Mistakes

    The reason we make these two categories of trading mistakes is fear and greed.

    The successful trader feels fear and greed, and the unsuccessful trader also feels fear and greed as well. The difference is, the successful trader feels fear and greed at opposite times to the unsuccessful trader! 

    Here are a couple examples to illustrate the point.

    Mistakes When Losing

    Let’s say we have two traders that go into an identical trade that moves against them; that is, they buy the same coin at the same place at the same time and price goes against them.

    Right away, the successful trader is fearful of losing money – and so he sells out of the position quickly. The unsuccessful trader starts to get greedy because he sees that the price is now lower than it “should be” – and it’s even a bigger opportunity to ‘buy the dips’.  

    They may rationalize: ‘So if I bought 100 coins at 100 satoshi and the price is now 80 satoshi, then I could buy another hundred coins and I would average out the price… therefore I would have two hundred coins at an average price of 90, so really I’m only down 10’, and, such a trader might begin to imagine potential profits as a way to avoid dealing with the current loss; ‘When the price rebounds I’m going to make it killing because I’m into this position when it was even a bigger bargain!’

    In reality, this trader is not managing risk correctly. 

    If the price should continue to go down – the trader now has a bigger position when he’s losing. As the price goes down, he may finally get to where he’s feeling so much pain that he has to get out of the position, and ends up with a much bigger loss than he should have. Naturally, this trader will feel discouraged and kind of panicky when he trades another position. 

    And actually, that emotion is a good guide.

    You want to be feeling confident and prepared when you are ready to put on a trade.

    Mistakes When Winning

    Let’s go to the second example where both traders buy the same coin, at the same time, at the same price – and it goes with their expectations so they’re both profitable. The successful trader now feels greedy – because he’s been proven correct – any buys even more of the coin to have a larger position.

    The unsuccessful trader, however, may be fearful of losing his profits and quickly cashes in the position – too soon. As time goes on the price continues to go in the direction they wanted, the unsuccessful trader now will feel even more anxiety watching the price go… and will head into the next trade with more uncertainty, fomo and doubt.

    And so many traders gets killed in the market – by making mistakes that cause greater losses and making mistakes that reduce their profits.

    Both of these mistakes are the result of trying to do the wrong job.  Most new traders believe they are responsible for making money in their trading… but this is not our job at all.  Successful traders know their job is all about managing risk.  Reducing risk on losing trades and increasing risk on winning trades.

    Surround Yourself With Success Thinking

    DigitalCurrencyTraders hosts a private community. Interacting daily in our membership area can help you change the way you think and feel about your trades – you CAN gain the knowledge and build the habits that successful crypto traders have! 

    While you are safely adding to your savings each week, you can gain more perspective on the challenges and difficulties of trading.  You can overcome mistakes.

    When you start taking smaller losses when you are wrong, and start gaining larger profits when you are correct, added together, you end up creating a cycle of steady growth of your investments, you can trade larger volumes – and dramatically expand your future wealth potential! 

    Both paper trading and backtesting are a good starting approach. You can learn and prepare for each stage of the trade before risking real money – yet a simulation lacks the realism… Paper trading and backtesting do not include the all important emotions of fear and greed that so often cause new traders to make bad choices and lose money. 

    Now you know how the average trader is affected by fear and greed and how these emotions work against them, holding them back from making great profits, and often causing them to lose their money. 


    In a later video, we’ll reveal how to overcome some additional ways that fear and greed may be working against you in your trading, so be sure to subscribe and hit the bell notification icon so you don’t miss out!

  • A Simple Plan To Become A Millionaire

    A Simple Plan To Become A Millionaire

    I want to share a simple plan to become a Millionaire. It is one of the most important financial concepts I’ve ever learned. I wish I would have thought about this more and ‘drilled for skill’ to make this knowledge into a belief and a habit when I was younger – as it would have led to my financial success more quickly. 

    How Anyone Can Become A Millionaire


    It is a very simple plan on how to become a millionaire.

    It applies to Fiat money, and in another post I show you the math and how to make plans to become a crypto millionaire – you’ll soon see that the simple principles below can be even MORE powerful when applied to cryptocurrency altseasons!

    Bob Proctor and John Kanary taught a series of fantastic ‘Born Rich’ seminars back in the early 1980’s. Yes, more than 25 years ago… it is so powerful you would think that everyone would know about it these days…

    One segment of this seminar on building prosperity, wealth and success, detailed the simple formula for becoming a millionaire with a plan that anyone could achieve. This segment of their seminar really struck me. It was a profound truth that I had neglected for decades.

    I listened to this segment many, many times. I wrote it out. I practiced reading it aloud. I created free webinars about it and I’ve included it in this book so I can teach other people – as a way of repeating it in my own mind with as much emotion and conviction as I can muster. Since that time I have been implementing this strategy – and the results are predictable, in a word… fantastic! 

    (And after I share Bob’s method – I’ll demonstrate how cryptocurrencies now provide even better results than Bob could have imagined back in 1982!)

    I paraphrase Bob as he commented…

    “Would you agree that you blow, waist or spend twenty bucks each week on things that you could do without?”  Bob asked.

    Imagine a different habit with me.  Imagine yourself folding up a twenty dollar bill at the end of the week and putting it into a simple wooden box. Now, imagine yourself folding up another twenty dollar bill at the end of the next week. See yourself placing it into the savings box with the first.  Each week, imagine placing another folded bill into the box. Each week you see your growing assets. Imagine the feeling of accomplishment you would have when you open the box and see a stack of eight twenty dollar bills – and you fold up another to add to the box.  As the weeks turn into months, and the months turn into seasons, each week, you set aside another $20. 

    Over a time of 50 weeks you have now saved $1,000 – and you have also created two very important habits. 

    You have created the habit of watching your money grow – and you have also created the habit of protecting that money from all the desires, events and opportunities that you faced from day to day throughout that entire year. Just imagine the accomplishment you now feel as you view that stack of money! As a matter of fact – the feeling of accomplishment has now become a habit for you, and you are building a deeper belief in yourself, wouldn’t you agree?

    Habits are hard to break, isn’t that right? 

    Now, think about this – imagine you established this habit in your youth, and repeated this simple plan through all of your working years, lets say from 20 years old until you were 60. At $1000 per year over 40 years, you would have saved $40,000. Correct? 

    However – this could have been worth more than one million dollars with ONE simple ingredient… one simple strategy that requires no more time and no additional effort! This one strategy, a simple bit of knowledge – could have made this $40k into more than a million dollars!! What is this magic strategy that can have such a profound effect on your wealth and comfort? 

    The Magic Strategy That Transforms Money

    The magic strategy is earning interest. Earning Interest?  How can such a small thing make that magic difference, you might ask?  

    Earning interest, and putting that interest to work to earn more interest – can have a dramatic effect on the success of our simple $20 per week savings plan! Let’s imagine that, instead of folding up your $20 bill and placing it in a wooden box with the others – imagine that you put that $20 to work on your behalf.

    If this money was to be , instead of the $40,000 you saved –

    invested and grow at a rate of 10% per year, you would have a total of $482,000

    If it was invested and grown at a rate of 12% per year you would have $840,000

    Invested at a rate of 14% per year, compounded monthly, you would have $1,490,000!

    And all you ever need, to ensure a comfortable retirement with more than a million dollars in the bank, is to know about the life-changing power of this little $20 per week plan, along with the magic of compound interest. 

    Anyone can do this.

    Bob Proctor was teaching this in 1982 – but 25 years later – WHY IS IT that less than 20% of our population retire wealthy??

    You may point out that bank interest rates are less than 3% per year on the very best savings account – and many savings accounts do not provide any interest at all…

    Well, later on – I’m going to show you a way that you can start with a micro-investment and start earning profits from the trends in cryptocurrency prices.

    But I’m getting ahead of myself.  We are going to get into the Bitcoin earning information right away, and then I’m going to show you how to start earning interest on your micro-investment… But before we do – reflect for a moment – on your current habits with money. 

    Three Categories Of People, And Their Money

    Bob Proctor points out the following simple truth: People fall into three categories when it comes to money:

    1. Their monthly budget is slightly negative and they are spending a little more money every month then they are earning

    2. Their monthly budget matches their income and they have no money at the end of the month.

    3. Their monthly living cost is less than their revenue, they put away regular savings.

    If you were to guess – what percentage of the population do you feel would fall into each of these three categories? 

    Recently a top respected Canadian newspaper, Global News, quotes that “Canadians are dreaming of retirement but they are not actually saving for it” and they point out the following facts:

    According to Statistics Canada, in 2012 just 23.7 per cent of Canadian tax-filers contributed to a tax-sheltered Retirement Savings Plan.

    From that, we can infer that 75% of Canadian fall into Bob Proctor’s first two categories – and it may be the same in other countries as well.

    Does Money Solve Money Problems?

    What if you gave more money to a person who has a habit of spending more each month than they have?  What if you gave more money to a person who has the habit of spending all the money they have?  Do you think more money solve their money problems?

    What about the example of people who have won the lottery, and within a few years they are in far worse financial shape than they were before they won the lottery?

    The truth is, more money just magnifies the habits that you already have with money.

    More money highlights the tragic flaws we have with money,
    or the virtues we have learned and nurtured about money. 

    If we trace back where your relationship with money began, it follows that the habits you have are a result of the actions you took.  Your beliefs determine your actions, and your beliefs were generated when you learned something. If we learn something, the new knowledge may not become a belief that changes your actions.  Just because we ‘know’ we should do something, doesn’t mean we will do it.  There is a space between knowledge and action.

    So the big goal is not to make more money to solve your money problems, because more money will just fall under the same routine and habits that you already have with money.  More money doesn’t solve money problems. 


    It is kind of a paradox until you change the way you think and feel about money.

    Throughout the rest of this video series, starting with goal setting for our micro-investing with Bitcoin and cryptocurrencies, you are going to learn the specific steps to make money work for you – but more than that… the feeling of accomplishment that you experience when you make money work for you, will completely change your belief about your future wealth.

  • How The Laws Of Money Apply To Crypto

    How The Laws Of Money Apply To Crypto

    What Do You Think About the Laws of Money?

    Get out your ‘Money Pen’ and your Trading Plan notebook.  I have an exercise for you that I want you to take action on and I want you to follow through and do it. 

    Don’t just think about this and agree with it… I want you to actually take the action.

    Taking action will show your subconscious that this new knowledge is already becoming a belief, and you are now making that knowledge into a habit.

    I want you to write this down and have this answer for reference later, so that you can see if your answer changes over time.


    My question is: 


    What would you do if all of a sudden you had some ‘extra money’?

    Write down what you would do if all of a sudden some extra money came your way.  Let’s not make it into a big lottery winning or something… imagine something realistic for you.

    What would happen if you had ‘a little extra money’?  

    Write down your answer what you would do.

    What would happen if you all of a sudden got ‘a lot of extra money’?  

    Again, write down your answer. What would you do?

    Use your ‘Money Pen’, and physically write down your answers in your ‘Trading Plan Booklet’
    you’ll want to review your answers in a few months or maybe a few years.  

    Keep a Trading Journal

    There is no right or wrong answer, it is the action of starting to create a success journal so you can speed up how fast you improve your financial success!

    Start the habit of writing your own trading journal.  Write down your answers.

    All successful traders keep a journal, for the same reason that all successful athletes keep a training log. It helps focus your mind back onto the next step in your long term goals.

    We’ll talk more about how a trading journal can help you correct your errors to reduce your losses and how your trading journal will help you reinforce correct thinking and increase your profits!  Your trading journal is really powerful. So start the habit now.

    The Laws of Money

    The earth and the cosmos works on exact principles. 

    The effects of gravity are so stable that we can land a satellite on an asteroid that’s going around the Sun.

    We can do incredible things with science because the laws of nature are that precise. 

    And the laws of money are that precise and reliable too. 

    This video series will place some of that precise knowledge into your hands. 

    You will begin creating new beliefs, which will change your habits – and in time, change your results. Because the laws of nature are that precise.

    How We Think About Money

    It’s important to consider how you think and feel about money. Fact is, you have already been interacting with money your entire life – as a child, you were taught habits with money by watching others, and as an adult you now have your own experiences with money. 

    Unfortunately, many of us only learned our financial habits from the slick sales ads from banks and credit companies, who profit from selling us into debt!! 

    Starting today, I ask you to review and become aware of how you feel about money. 

    Be open and honest about what your habits are with money – so that you can reject the propaganda of the legacy banking systems, and finally start modeling the good thinking and good feeling habits that wealthy crypto investors already use… and which I will reveal to you.

    The first focus is to show you how simple this is. and that anyone can do it. 

    You will soon discover this key: that money works for you – and not the other way around. You will discover how to change this new knowledge into an emotional, deep-in-your-gut belief. ‘Money works for me’.  When you are in firm possession of this key, it will inspire action. Action that you can ‘drill for skill’ until it becomes a habit that is as familiar as tying your shoelaces.

    And –  you also discover why most people FAIL – and how to avoid the most common pitfalls.

    How to Make Money

    Later in this video series, I’m going to give you some knowledge about how to make your money work for you and have it make more money for you. We also review exactly how to make this knowledge into a belief that changes your actions.  Change your actions and you can expect to change what you get as results. Changing your knowledge may not change your actions… so we need to know how to change our beliefs. 

    I’m going to show you exactly the specific steps of how I changed beliefs that were holding abundance away from me! 

    By repeating these principles over and over again, you can develop everything you need to make money, keep it, and make your money work for you!  As you repeat small success after small success, you will feel excitement and enthusiasm – emotions that help to rewire the way your subconscious thinks and feels about money! 

    You are going to embed in your mind the mantra: ‘Money Works For Me.’ 

    Repeat that three times in your mind: ‘Money Works For Me.’

    You are going to prove it. You will experience the satisfaction – and the benefits. You will be happy to repeat the success until it becomes a habit that is automatic.

    So here’s what I invite you to do… 

    As you go through my personal philosophy of financial success – I want you to think about how this applies to your specific situation – because not too long ago I was very much where you might be right now… I was struggling to pay bills. I was angry and resentful about money. I was passive-aggressive about budgeting, and as a result I had very little money. 

    For me, trading bitcoin on a well known exchange was like video game points.  It was separate money from my bank account that had a very different emotion connected with it. I could leave it without spending it and instead I began to practice making it grow and grow…  this is the very process I used to start fast – and I’ve never looked back!

    Knowledge vs Belief About Money

    Let’s begin with a review of how you think about money, and what effect those thoughts might have on making money and growing that money into a fortune.

    To begin with consider the difference between having ‘knowledge about something’ and having ‘a belief in something’. 

    Would you agree that difference might affect actions that you actually end up taking? And isn’t it true that your actions lead to the results that you end up getting?

    I’m going to share knowledge with you and demonstrate specific examples that have changed my beliefs. These new beliefs changed the actions I take with money – which, step by step, has lead to dramatically different and better results for me! 

    And I think these beliefs can do the same for you.

    Start Slow and Certain

    We begin with the focus of providing you a sequence of sure and certain financial successes – that you can repeat, and repeat – to build the all prosperity you desire and deserve. 

    You will prove to your subconscious mind that ‘money works for you’. 

    You, and many others who watch this video series, are going to become financially independent – I predict crypto millionaires – with a deep reservoir of assets. And then you’re going to purchase many fantastic fun things for your life!

    Why can I make such a bold prediction?

    Because…

    1. You will see how easy it is,
    2. what specifically to do,
    3. and how to build the beliefs that create new habits, that in the long run, assure your success.  

    Putting this knowledge into action can change your beliefs about money – and change the way you interact with money in all areas of your life.

    What is Risk Capital?  

    We are starting out our investing with Bitcoin and cryptocurrencies because we can start off with micro-amounts of ‘Risk Capital’ to begin investing and growing our money. 

    Starting with micro-investing with bitcoin allows us to skip some of the steps that investors had to go through in the past.  We no longer need to set up an account with a brokerage firm and deposit thousands of dollars to place our orders while paying high commission fees in order to start investing.

    Risk Capital is money that you could lose and it would have no effect on your assets, it would have no effect on your savings, and it would have no effect on your monthly bills and expenses. Risk Capital is truly ‘extra money’.

    The Risk Capital Hierarchy 

    Ideally, if someone taught you about money when you were young, you would already have the ongoing habit of saving part of your earnings. When the savings accumulated enough, you would purchase assets.  Your assets would produce revenue – which could be used as Risk Capital in speculative investing.

    If you are like me when I was beginning, you have a poor relationship with money and have no savings. 

    You must start out finding ways to earn free Bitcoin.  And while Bitcoin is money… it’s kind of separate from our regular living and job earnings with FIAT currency. So the little amounts of digital currency can be lost without risking your rent or mortgage payment, or your groceries… 

    Because these micro-bits of money can be lost without any consequence to you – that fits the definition of ‘Risk Capital’, no matter how small you are starting out.  For me, this is the ‘killer app’ that Bitcoin represents – the possibility for anyone to start of from nothing and begin micro-investing to establish new habits and new thinking about money.

    You are at an advantage to learn these financial strategies with cryptocurrencies because ‘Risk Capital’ has different emotional feeling connected to it, than does your survival money.

    Speculating and Investing vs Gambling

    It is important to make a distinction between speculating and gambling. Our focus is to stay away from the gambling mindset.  I’ll explain more about that later – but this course starts off with the long term, careful and considered mindset of an investor.

    Remember the chant ‘Money works for me’,
    and not ‘I’ll be lucky with money’.

    All of us are emotionally connected to money because it is part of survival, security, comfort and freedom. When you have lots of money everything’s a lot easier – when you don’t have money… not only are circumstances more difficult, but you may begin to doubt yourself. 

    I know. I’ve been there. I’ve had a long years of financial struggle. At the base of it, I put this book together as my own University.  I compiled the best lessons I learned and created my own universe(ity) so that I become more successful with money, and so I would become a better trader and earn profits consistently – as fast as possible.  

    Many trading gurus focus on the technical parts of trading and skip over the personal motivations that give us the power to overcome difficulty and keep going when success is not immediately evident.   In order to make ‘successful trading’ a long-term habit, you must have a personal connection with your deepest motivations. 

    Be sure to watch our videos on setting goals for success in crypto trading.

    Thank you for joining me on this journey on understanding how The Laws of Money Apply To Crypto. We have more than 50 videos in the planning, and your questions have already grown our list!  Please leave your requests in the comments below any of the videos in this series!

    Thanks again, be sure to hit the Thumbs Up and subscribe and hit the notification Bell icon so that you receive notice when the next video in the series is published. Sign up on our website to receive the video sequence for free and to learn about our premium services. 

    Trade Safe and Keep Those Losses Small