Topic: Be a wise investor - page 4. (Read 76845 times)
In the case of an intelligent investor everything will depend on yourself the crypto market is not stable it is not possible to be successful without controlling one's emotions the foolishness of gaining more in the beginning after greed will have more effect in losing. Need to start with a little capital this will allow you to gradually learn a lot about the market and increase the amount of investment by making good checks for less currency investments the wise investor must proceed according to plan.
Only some people will getting satisfy from little profit when they already spent their money because usually we want to fold our money multiple times from our investment. Better to take little profit than hoping for uncertain big profit.
When we take little profit from it, we can reinvest it to other potential coins as well.
When we take little profit from it, we can reinvest it to other potential coins as well.
Not because of loss, not because of wealth, all can be lost because of passions that you cannot control. Everyone cannot get rich if they rely on lust when making decisions. There is always a moment for every trader to make a profit, but because of the desire to get bigger, someone can lose the opportunity to get a profit. If you trade on Binance futures you can either become rich overnight or fall into poverty overnight. Being wise is very important in making decision.
You speak as if it seems easy to do. If you are new to investing it may be young but you try to go through the pain if the price is drastic.
Nothing is easy in life, not even in business. It is not that I talked like it is easy to do. We can do great things whenever we set our minds to it. I do not know why people think it is a terrible thing to lose in business. Losing should be a normal thing in business.
Those who are chasing untold riches as a rule are always left with nothing
This is why a lot of them fall victims to fraudsters and scammers. Their impatience to wait and nurse their investments to profit gradually often lead them to sorrow.In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.
You say everything right! I understood just like you when I lost my money. Now I have changed my approach and lowered my desires, taking on the responsibility of not losing my money.Since my desire to be rich hasn't gone anywhere I realized that this desire only hurts me. Now I have limited myself in the number of trade deals and it gives me the opportunity to analyze and think more before making deals.
Those who are chasing untold riches as a rule are always left with nothing
Always focus on you goals, and also think twice when it comes on making decisions. "Fear is an opportunity"
you also need to know what are things you truly understand, and then you invest. Concentrate on long-term results and always remember that you have the full responsibility for your investment decisions. keep hustling and be wise at all times!
you also need to know what are things you truly understand, and then you invest. Concentrate on long-term results and always remember that you have the full responsibility for your investment decisions. keep hustling and be wise at all times!
every whale would want abundant profits, it is natural because they have spent a lot of capital. What is very unfortunate is that a whale cooperates with other whales to play a price which is very detrimental for small investors / traders. be a good whale in a good way (not cheating). if the project you are holding is destroyed, it will cost you too
never risk less than 5% of your investment portfolio
Very dope point here 👍 I must admit, never risk more than 5-10% of your portfolio investing in a single coin, aside BTC or ETH. For some people, this is only obtainable in theory but they don't stick to the rules in practice, for others who take risk management seriously, they understand how useful this rule is.
In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.
What is wrong with aiming higher?
Don't take it as a mistake, greediness, and having a high goal is different. Also, usually, these investors are not really pushing themselves to earn a lot of money, some of them are just taking and maximizing the profit they can get and forcing them to earn more. They are careful, wary, and at the same time wanting to earn more, but for me not to become rich but to become successful.
You need to be lucky enough to invest on the right asset that has got the highest growth in short. It isn't possible to find the right one with ease. If you're wise and you've got large capital then you doesn't want to depend upon luck.
But in terms of cryptocurrencies, how can we know?
There are a lot of people holding thousand and thousands of cryptocurrencies and we never know who they are. How can we tell that they are successful if we never know who these people are? They are the only ones that can tell they are successful, other people can't tell how successful a man was if they will just be basing it on their wealth.
You are right, most of us probably made same mistakes. The important thing is we should learn from our past mistakes and never do it again. Investing in crypto is not a quick rich scheme but its more complicated than we might think, its not just about buying it because of hype but the quality always comes first.
Every investor has a different strategy, especially about their beliefs. but I believe that every crypto investor should have a certain target in his investment, I mean once that target becomes a reality then I hope that investors will take profits soon. and other important things are not greedy. people often lose money because of greed and dissatisfaction after gaining sufficient profits.
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Thank you for this advice, personally I've made alot of mistakes in investing recently, I lost over 2 eth just Last month being October, and till now, I still find it difficult to get over the shock, most especially when I check the market and see the price of eth going up, I begin to calculate how much my lost eth would have been worth by now and this makes me sick.
Crypto is not easy and no matter how long you've been in it, it's hard not to make this kind of mistakes.
Crypto is not easy and no matter how long you've been in it, it's hard not to make this kind of mistakes.
I guess the idea of being rich should not be the first priority here. Once joining to crypto world and/or working yourself so hard on office works, being rich shouldn't be your goal. Successful is the main goal in working non-stop. Once, you are successful money will not be a problem and I mean by that is you have all your resources, contacts, friends, skills, mindset, etc.
office works ? you mean you join crypto bounties and other free lancing jobs ? because crypto investing/trading is not an office work although some can track everything profesionaly and they make a chart , creat sheets , etc that is simillar to some office work . working for money means your goal is to get rich but if your goal is to not get rich you shouldnt have work on here or invest and trade but you only use your crypto for shopping and paying .
I guess the idea of being rich should not be the first priority here. Once joining to crypto world and/or working yourself so hard on office works, being rich shouldn't be your goal. Successful is the main goal in working non-stop. Once, you are successful money will not be a problem and I mean by that is you have all your resources, contacts, friends, skills, mindset, etc.
I'm wondering what will happen if altcoin season begins later and every shitcoins in the market still throws profits to holder's face, OP you will end up regretting your decision because HODL have been a part of crypto space since the beginning, holders knows that there is always a perfect time for them. I'm thinking you are too weak to be a holder
In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.
What is wrong with aiming higher?
Don't take it as a mistake, greediness, and having a high goal is different. Also, usually, these investors are not really pushing themselves to earn a lot of money, some of them are just taking and maximizing the profit they can get and forcing them to earn more. They are careful, wary, and at the same time wanting to earn more, but for me not to become rich but to become successful.
You need to be lucky enough to invest on the right asset that has got the highest growth in short. It isn't possible to find the right one with ease. If you're wise and you've got large capital then you doesn't want to depend upon luck.
In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.
The chance of getting rich in this world is always slime that's why most people are pure, don't expect this journey to be that easy, if it is everyone in the world will be rich, I'm guessing all you lack is patience, you've run out of patience and you have no clue when another altcoin season will come, look at the market today, still think altcoin season is impossible? In the process of trying to be a future whales you could lost everything,trust me this got me no where and I realized that I've lost tons of money because I was never contented, be smart and always take advantage of any project that brings you profit, do not stare at your wallet and say 'im gonna be rich in 3 years later' this is 1% out of 100% chance that it's ever going to happen, remember, been rich isn't the most important part of our lives but living a good life is.
What is wrong with aiming higher?
Don't take it as a mistake, greediness, and having a high goal is different. Also, usually, these investors are not really pushing themselves to earn a lot of money, some of them are just taking and maximizing the profit they can get and forcing them to earn more. They are careful, wary, and at the same time wanting to earn more, but for me not to become rich but to become successful.
You really needed to be wise of what investment you will do because it will dictate the future that you have. Most of the people who become rich is those who are investing to the project at beginning and if the project grow they get a lot of profit from their investment.
Most of the people right now are investing to the project who is already successful it is not bad but don't expect that he result is big just like the others who invested first so they gonna earn more compared to the lately investors.
Most of the people right now are investing to the project who is already successful it is not bad but don't expect that he result is big just like the others who invested first so they gonna earn more compared to the lately investors.
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