Topic: Also consider your mental State of health while investing for wealths. - page 6. (Read 1304 times)

I can compare this with gamblers doing gambling when they're not on the right state of mind as they're likely to lose. And the same goes with altcoins investors that they're choosing everything that they see and relies on the hype that these projects does have despite not having a good state of mind. Investing is actually requiring a lot from our mental state and if you're not prepared to take risks, you've already lost your battle towards gaining or getting ROI. There are investors that are too hyper with their investing activities, they don't mind the 'DYOR' suggestion by many because they've just overheard it from someone who have made a lot of money and so, they also want to invest.

Hal ii will be useful for ourselves in assessing a risk profile so as not to focus on one asset, you need diversified investment and need to have a good money management so that a good source of income so that your investment is in good condition, things that interfere mentally are usually because we cannot accept the fact that what we have is lost, For example, investing in real estate, we use our money to invest in that sector everything is affected by disasters and everything is lost and of course it will make me stressed, this is a simple thing to destroy your mentality, whatever assets we invest in including bitcoin if we have good management will have a bad impact, many people are made crazy by this.

You have a good point, most people tend to forget that investment also has its risks and that is also something to take Into considering when investing, you won't cry to anybody that bitcoin crashes or something unforseen happens to bitcoin or any other investment so it is a good thing to invest what you can tolerate to lose. The biggest mistake most people make is to get to optimistic about anything, yeah bitcoin is probably the best investment asset that we have in the world now bit that doesn't mean its immune to life and unforseen events, and this questions the viability of having all your value in one asset especially as an established investor cause nothing is guaranteed.

Well, acquiring Bitcoin and DCA aren't bad suggestions, but they are indeed generic ones. I mean, the majority of users here who're giving out advice don't take into account how much someone can take mentally, nor can you blame someone for panicking during a market crash, you aren't to blame for someone else's inability to keep their cool during bear markets. I believe we've all experienced such crashes, and while now we may have a completely different approach, as newbies, it was perfectly reasonable to feel frustrated.

Having a cut-loss strategy like you mentioned is essential, especially when dealing with altcoins or actively trading, and this is what most of us fail to do because it's unfortunate to deal with a loss if we fail to put a stop to it when it's at least early.

This thread is an important thread to us all not just for the beginners alone. Putting out mental state into consideration is very important when we are about to invest in crypto because of how volatile bitcoin and crypto investments are especially if you are investing heavily on altcoins because altcoins cannot be trusted and there might be a big dump that can affect mental state of mind which is why you need to mentally stable before you invest and you should also avoid FOMO.

You would really be able to expect when it comes to this manner on which you would really be able to see those kinds of generic suggestions but you cant blame them if they would really be giving Bitcoin advises.
You cant blame them because when it comes to long term then this is something that will really give out that kind of worthy long wait but of course it will really be that depending on the entry point.
On the time that you are really just that starting with this market and see out your money that decreasing then you would really definitely be having that kind of impression that it might be going to zero.
This is where you would really be cutting your losses on which it would really be that a waste on having that kind of approach.

Its always important on having that consideration that emotion is something that you will be needing to control but since you are noob then lacking of experience
will really be something giving out a toll for you. Mental state would really be strengthen on the time that you would be getting that kind of experience which its a normal condition.
You would really be able to get yourself having that kind of grasps if you are really that preparation.

That's a great point, and it can actually be seen in this forum quite a lot. When you see newbies's questions on what coin or where to invest, you'll see the generic advice to buy Bitcoin, DCA, and so on, and honestly, I agree. Bitcoin has proven it's a relatively safe investment; however, as expected, it also has its ups and downs. It was a little more than a year ago that Bitcoin had plummeted below $20,000; someone who has gone all-in on Bitcoin because they thought it was a panacea is going to have serious issues keeping their cool.

Unfortunately, we often overlook how important mental health is and the strain financial troubles cause, and investing is no different. I personally suffered it when attempting trading during the second COVID-19 quarantine; it's a subject that is not often discussed on the forum as well.

  There's a saying which says,  HEALTH IS WEALTH" if you agree with me then, you should have it at the back of your mind that when you have health that is when you can be able to go about your daily activities. when you are not in a good health condition, you can't be able to show much concern on even the money that you gathered. Do you agree with me if i say no amount of money can buy health? And if you don't agree with me then tell me how much you can buy it. maybe in USA, China or England.
You can only say that you pay hospital bill but that doesn't mean you can automatically be healthy after paying it
They say if you don't take risk, those who take it will hire you to work for them. But still that doesn't mean if you are taking it you should put all what you have. no.  If you are trying to invest, is good to be careful and also know the kind of business you invest in. Also make sure you think of the other path. That's,while you are thinking of the gains and profits also consider the loosing path as well.
   Some time,most people fall sick due to the financial failures they had. Some even die with this illness.  Some even go bankrupt and never rise again.

You know a lot of people that are wealthy and people that are looking for a way to be healthy, they porsue money and neglect the abnormal condition within their body system. You see, the human body you are seeing has a way that it does a self repair but their are some conditions you don't have a choice than to support the self repair with some medications and in some rare condition, you have to replace it and the only way to know about this is proper going for check ups but a number of us ar guilty of this, we don't go for regular check ups.

If you check this forum, we have a lot of people here that are guilty of this as fuck, ask them the last time they went for check up and they will tell you they have no idea but meanwhile they can spend atleast 2 hours here a day when the time with your personal doctor wouldn't exceed an hour unless when you have a vital condition that requires special attention. Health is wealth, we need to take that seriously.

Its understandable specially if its our first time on where there would really be those kind of freaking out kind of situations on the time that you have seen your investment is really taking up some negatives
just because you have lacked that kind of experience and awareness on how this market works then those things would really be just that a normal reaction but just as been said that on the time that
you would already be having that kind of experience on such condition then you would really be able to make yourself handle whenever you do be able to experience it again.
It would really be just that normal that there would really be those kind of reactions but just been said on the time that you do have a good grasps on everything then you would really
be more that relaxed in compared on the time that you were just that starting.

Everyone has emotions and one cannot control it but can reduce it to a great extent therefore if you are not familiar with the market and you are doing your first investment then you will be mentally disturbed by watching market fluctuations but once you know that it is a normal part of a market then you will be able to act normal during such circumstances.

There are also lots of individuals who never have control of their emotions so such types of investors cannot benefit and cannot minimize their losses. I think every person should be able to stay calm when the market is not in favor because win and loss are both connected with each other.

That is just it  a lot of individuals are so attracted to how lucrative businesses could be and they are not hesitated to bump in because they are desperate to make profits.

Meanwhile... They fails to make research to even know how legitimate the investment could be as all they want to invest and make the profits. Alongside they could risk going extra miles not just to invest what is affordable Incase of lost but they out of greeds top more of capitals to an already invested funds while they have not secured their first move of capital.

While on the eagerness on chasing these profits, the fails to consider the possibilities of the investment breakdown which can be effective to their health. Quite unfortunate that many has ignored their health and prefer making money while on same cost they losses their funds and also looses their normal state of healths.

Many people are ignoring and ignoring this golden rule and this is happening most especially in the cryptocurrency market. Many people naively think that bitcoin is a low-risk, but high-reward investment and they invest everything they have in bitcoin. They even think that saving is a waste, they like to invest it all in bitcoin and think that it will make them rich in the upcoming bull season.

There is no denying the potential of bitcoin, but it seems many people are becoming too delusional when relying on stories of getting rich by buying bitcoin 10 years ago. And they are blinded by greed without knowing that the risks they face are not small.

Considering one's state of health when making high risk investment is a right approach to mental health because most investors don't really think about the state of their mental health due to the fact that they are involved in too many investments at a time so trying to always keep up-to-date which each of their investments can lead to mental disorders because the brain will be so stressed due to calculations on how your investments plan will work accordingly.

It is not bad to be involved in too many investments or high risk investment because almost every investment is full of risks as the possibility of making profits is almost equivalent to the possibility of losing as well so while making investments more especially the once that has higher risks, it will be good to run a background checks and balance to see if you can be able to withstand in a case of loss.

And it is also important to always seek for health advice from a physician or visit a therapist to guide you on how to handle issues that concerns emotions and how to always stabilize your state of mind.

One important rule about investment is that never put all your money in a business no matter how legit it looks. Always invest what you can afford to lose so that if anything goes wrong the blow won't be severe. Unfortunately, people are still making this mistake and when they lose everything they develop serious health challenge or even die because of the shock of starting all over from the crash. We really need to be wise when making financial decisions.

Yes it is, and maybe anyone can answer my question and choose the one that you think is better to choose between forcing to invest in a state of stress due to other things with the risk of experiencing adverse effects on your health or not investing at all (not getting a profit) and the benefits are most likely that you will not experience a bad situation on your health then which one would you choose? I think the first is not an option because it is useless for you to succeed in making a profit but if the process has an adverse effect on your health that maybe the money from the profit will be lost again by hospital fees.

Of course as you said that the best step is to first solve the problem that is being experienced or at least you find a little time to calm your brain and mind so as not to be too stressed and when you feel good enough then only then can you invest or challenge a market to open a position. What we must understand in this case is that investing or trading is always recommended to be done based on favorable situations and conditions such as when you are feeling fine because decision making must always be based on calmness to be able to make the right decision, and in fact forcing ourselves to trade when we are under stress will only lead us to bad results because decision making is not based on common sense and rational mindset due to you being in a state of stress.

IMHO, this topic is a lowkey in our society. But I like it that it is getting the interest of many and the attention that it needed to have. Because many folks don't still believe how important is the mental state of everyone whether you do investing, studying or even in working as an employee.

While we put time, money and effort for our investments. It is a must to think of how it is going to be when you're investing and you have to make sure that you're prepared not just financially since you're taking a risk but also mentally.

Just like in marriage, you should be prepared with the same thing as it's going to be a commitment and that's what it should be in investing too. Because you worked hard for your money and you have to make sure that you have calculated the risk where you are investing it.

All I can say if I see a situation like that is work or invest with what we can spend and be prepared to lose with it because at the end of the day even though it is dealing with money but when we are prepared in understanding the risk and the worst possibility that we lose value when the decline happens then we should indeed be prepared with such a thing.

If at the end of the day we think that everything that happens is a risk and we are prepared to lose (not that we want to lose) then indeed we will not feel stressed when our expectations are different from the reality.

The problem is that a lot of people don't want to expect that because they only see the sweetness but don't see what the bitterness is like and seem to eliminate it so that when the worst possibility happens they are not able to deal with it mentally or the pressure that occurs.

I agree,just like they'll always tell us that "health is wealth.Come to think of it guys how do you intend to enjoy all these wealth and attained luxuries/achievements when you don't seem to have enough life of yourself again.

Some of these threads are not just mere threads and writeup.Once in a while,it is good to remind people of how essential their physical and mental health should be cherished and put into consideration always.Just so you know,if you want to live a good life,make money and build your wealth/finance;if you want to enjoy your wealth and riches,ensure to keep an eye on your health because without good health,it is difficult to enjoy the benefits of your wealths.

Anything can be achieved if you have good health,even studies have shown that health has a greater impact on happiness than wealth so let's be intentional about been in charge of our health/wellbeing.Always be proactive and responsible for yourself because no one can treat you better that you'll treat yourself;it dangerous to let somebody love you more than you love yourself.

If you are not fine mentally and can't handle any further stress maybe its more better for us to step aside the thoughts about investment. There's always a lot of time for that since what is more important for now is our healthy so best to resolve any ongoing issues since once we are fine and clinically declared recovered from mental stress or troubles then maybe at that time we could able to start our investment journey since for sure that we can focus on many things that we want to happen. Compare when there's a lot to think of and for sure that we cannot take care everything since all of it will just messed up since we are not fully in control in our emotions. What bad thing about this situation if we lose all our money because of those mistake we commit then maybe we might receive a lot more stress and that could possibly end up to more worse condition to us.