Almost 99% of investors want to deposit today, tomorrow they will become sultans. Actually it can't be like that. It could be possible that tomorrow it will be a loss and the next day it may still be a loss.
If we have lost, we have to pivot, analyze again, find out why, where did it go wrong, what is the future. Not if the loss is already screaming scam, blaming people who give "advice", following influence etc.
What we have to understand first is that there is no investment today, tomorrow you will become a sultan. Even next year or in 10 years, you will not necessarily become a sultan. Warren Buffet alone only returns 29% per year. And that means if we invest $10k, it will only be $12.9k next year, not immediately becoming sultan. Warren Buffet became a sultan because of consistent profits for decades. The key is patience, discipline and consistency in making investment decisions. Warren Buffet never loses? Of course, in 2015 Warren Buffet lost $444 million in Tesco shares.
In conclusion, it is very important to remember that losses are part of investing in bitcoin and cryptocurrencies and as investors, we must be prepared for them. Don't get caught up in negative emotions such as anger or disappointment when you experience a loss, but use it as a lesson to improve our investment strategy going forward.
I completely agree that losses are an inevitable part of investing, including in Bitcoin and other cryptocurrencies.
It is important to approach investing with realistic expectations and the understanding that consistent profit is not a guarantee, even for well-known investors like Warren Buffet.
Additionally, when we do experience losses, it's important to reflect on our investment decisions and make adjustments accordingly, rather than immediately jumping to conclusions or blaming external factors.
A more disciplined and patient approach can help us stay focused on achieving our long-term investment goals, rather than getting caught up in short-term gains or losses.
As with any investment, it's crucial to conduct thorough research, manage risks, and stay informed about market trends and developments.