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Topic: Do not fall for success stories of bitcoin investors - page 4. (Read 458 times)

legendary
Activity: 3276
Merit: 2442
You should read their stories and learn from them. Yes they become rich because they were mostly lucky but they also had curiosity which is as important as being lucky. That’s what I learned from these stories at least. Just because you read them, doesn’t mean you will be like them and some if those rich people went broke later too so there is that. Meaning, everyone has a unique story even though they look alike at the first glance. In the end you should focus on what you are doing instead of having too much interest in what other people do. Otherwise you’ll lose your own way.

People read books to learn from other people’s mistakes and experiences but only a few actually learn something unless they experience the same stuff themselves. Reading a story doesn’t affect their thinking in any way. Then obviously reading a book is a waste of time for these people. They can read lorem ipsum and they won’t notice a difference.
sr. member
Activity: 1554
Merit: 334
Totally agree, behind all of the success in those stories, there's a lot of heartache, tragedies, and mistakes but they never tell that because that part of the story of that successful person isn't exactly inspiring for people to know about. Never get to carried away listening or reading about these stories, most of the time, it's the fault of the people that would read these stories that they fail miserably in what they want to achieve, they're already an adult that can think for themselves and they should know by now how life for each individual is going to be different no matter what and it's already a common sense that these stories serves as an inspiration and not the exact blueprint to a successful life.
hero member
Activity: 1190
Merit: 901
Livecasino.io
I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?
In my own estimation, I think that investors are more likely to share a story about a loss than about profits in bitcoin. Their stories of loss are everywhere on the internet - on blogs, forums, Twitter, Facebook, and other social media platforms. And they do it for two reasons which may be intentional or not. They are, to garner sympathy from the public and secondly for it to serve as a example to new investors to carry out a thorough research and understand the market before they make any investment. I would say that for security reasons most investors unless the big ones are very hesitant to share their bitcoin success stories.
hero member
Activity: 1442
Merit: 775
I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story.
Most of people lose money in the market as traders or investors and even successful investors do have times when they made mistakes, bad decisions, bad capital and risk management so that they got losses, even big losses.

If you notice, actual successful and honest investors, through their speeches will sometimes share their painful lessons from their past losses. Because they can not be mediocre speakers and educators if they don't share their losses, lessons they learned with newbies who want to learn from them.

If any successful investor only says about success, there is hidden fact the person does not want to say and it's hard to trust him or her words.

Warren Buffett’s failures: 15 investing mistakes he regrets
full member
Activity: 1470
Merit: 108
I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?
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