Jack Smit

ECB Report Highlights Low Consumer Interest in Digital Euro

A recent report from the European Central Bank (ECB) has revealed that European consumers show little enthusiasm for central bank digital currencies (CBDCs), raising concerns about the upcoming launch of the digital euro. The study, based on a survey of roughly 19,000 individuals across 11 eurozone countries, highlights communication challenges in promoting the digital euro to households.

When asked how they would hypothetically distribute €10,000 across different assets, respondents allocated only a small fraction to the digital euro. This suggests that traditional liquid assets like cash, savings, and bank deposits remain the preferred choices for most Europeans. The report also points out that many consumers see little advantage in adopting new payment methods, given the wide range of existing options available both online and offline.

While the ECB notes that the digital euro is unlikely to disrupt financial stability, its adoption may face significant hurdles due to consumer habits. To address resistance, the report underscores the need for a well-planned communication strategy. Interestingly, the study finds that many Europeans are open to learning through video-based education, suggesting that informative content on CBDCs could help increase public awareness and intrest


#USTariffs #Eurovision #news

How to Control Your Emotions While Trading Crypto

Trading crypto isn’t just about charts, indicators, and technical analysis—it’s also a mental game. If you can’t control your emotions, even the best strategy won’t save you from making costly mistakes. Fear, greed, frustration, and impatience can all cloud your judgment, leading to impulsive decisions that hurt your portfolio.

I’ve been in the trading game for a while now, and if there’s one thing I’ve learned, it’s this: the market doesn’t care about your feelings. You have to learn to manage them if you want to succeed. So, let’s break down some key ways to stay in control.

1️⃣ Don’t Let FOMO Rule You

One of the biggest mistakes traders make is jumping into trades because of FOMO (Fear of Missing Out). You see a coin pumping, and suddenly you feel like you’re missing the opportunity of a lifetime. The problem? By the time you enter, it’s often too late, and you end up buying at the top.

✅ How to fix it: Stick to your strategy. If you didn’t plan to buy that coin before it started pumping, don’t chase it now. There will always be another opportunity.

2️⃣ Accept That Losses Happen

No trader, no matter how experienced, wins every trade. Losses are part of the game. But a lot of beginners panic when they see red and either sell too early or revenge trade to "make back" what they lost—often leading to even bigger losses.

✅ How to fix it: Have a risk management plan in place. Only risk what you can afford to lose and use stop losses to protect your capital. Instead of getting emotional about a bad trade, analyze what went wrong and learn from it.

3️⃣ Take Profit—Don’t Get Greedy

We’ve all been there. You see your trade in profit, but instead of taking some gains, you think, What if it goes higher? Then suddenly, the price crashes, and you’re left with nothing. Greed makes you hold longer than you should, and that’s how many traders lose money.

✅ How to fix it: Set clear take-profit levels and stick to them. Taking profits in smaller portions rather than waiting for the absolute top is a good way to secure gains while still leaving room for more upside.

4️⃣ Don’t Trade Based on Emotions

If you’re feeling overly excited, frustrated, or even bored, don’t trade. Trading should be based on logic, not emotions. Many people open trades just because they "feel" like the market will go up or down. That’s gambling, not trading.

✅ How to fix it: Follow your trading plan. If a trade doesn’t meet your criteria, don’t take it—no matter how tempting it seems.

5️⃣ Step Away When Needed

Staring at charts 24/7 will mess with your mind. The crypto market is open all the time, which can make you feel like you always need to be watching. But the truth is, overtrading and obsessing over the market can lead to burnout and bad decisions.

✅ How to fix it: Take breaks. Step away from the screen, go outside, exercise, or do something else. A fresh mind makes better decisions.

Final Thoughts

Crypto trading isn’t just about making money—it’s about mastering yourself. If you can control your emotions, you’ll trade smarter, lose less, and make better long-term decisions. Remember, the market will always be there, but your mental state is what truly determines your success.
$BTC $ETH $BNB #TrendingTopic #AltcoinETFsPostponed
So take it slow, trade with a plan, and never let emotions dictatery
our moves. Stay sharp and trade safely!

Trading Tips for Beginners

I’ve been trading for over three years now, and I wanted to share some essential tips for anyone just starting in this field.

1️⃣ Risk Management

Only trade with money you can afford to lose. When you’re new, think of your initial capital as tuition—you're paying to learn. Personally, I started with just $20. Over time, you’ll start recognizing patterns, understanding market movements, and learning where to find reliable crypto news.

2️⃣ Spot Trading First

Before diving into futures, master spot trading. Learn how to set stop losses, identify safer coins, and understand market trends. There are plenty of free resources on YouTube—use them! Futures trading can be extremely risky, so don’t rush into it without a solid foundation.

3️⃣ Free Money Doesn’t Exist

If someone claims they can double your money or has a "secret" trading method, they’re likely scamming you. Think logically—if they truly had a way to make millions, why would they need your money? Stay cautious and always do your own research.

4️⃣ Losses Are Part of the Game

No one wins 100% of the time. Losses are a natural part of trading. Learn to control your emotions and avoid panic selling over small dips. The market moves in cycles—what goes down often comes back up. Beginners frequently make the mistake of selling too quickly after a minor loss. Patience is key.

5️⃣ Invest Step by Step

Don’t go all in at once. A smart approach is to invest a portion of your capital first, then buy more during dips. If the market rises, gradually add more and take profits along the way. This way, you minimize risk and maximize potential gains.

That’s it! I hope these tips help you on your trading journey. Remember, trading is a skill—not just a method you memorize. Be creative, stay patient, and most importantly, trade safely!

$BNB $XRP $BTC
#Beginner
#CryptoTips #Trading