Topic: Emotions can hinder our success! - page 10. (Read 3932 times)
Yes! Its true, your emotions can act as an hinderance for your success. Not only in case of cryptocurrency,but in normal life also you have to be normal and have control on your emotions,otherwise it will end up with bad result which will later on make you realise. So keeping in mind that emotions can spoil your success, have control over your emotions while taking any major decisions
I think emotions are still necessary for success as it will help you get motivated in what you are doing, the problem is being too emotional and showing the wrong emotions that can hinder and destroy your success. It also applies in any industry not just in cryptocurrency.
"don't sell when you are in panic" perfect line I should have remembered when I did my worst trade ever. I sold one coin at around 5400 sats because I was too worried about the market. Just one day after, it started to rise and continues each day up to around 7500 sats. I feel like I'm a trash that time for a month if I'm not mistaken. Well, I still consider myself lucky enough because I was able to buy back at around 5200 sats when there came a very sudden dip after some time. This case is so isolated, it does not usually happens I guess.
Lesson learned, I should have not sold it at 5400 sats on the first place out of my fear. I should have studied the chart movements instead of following my emotions. That was part of my past, I am just so happy I had recovered.
Lesson learned, I should have not sold it at 5400 sats on the first place out of my fear. I should have studied the chart movements instead of following my emotions. That was part of my past, I am just so happy I had recovered.
In this process, the emotions must be unambiguous. But they should not influence the course of your thoughts. Because they can harm in choosing a coin or in out of quantity and this is very important in investing.
That is so true that when Emotion taking control, there are surely bad thing will become the outcome.
And that not just affecting in this cryptocurrency world, but also in another place.
And that not just affecting in this cryptocurrency world, but also in another place.
We have a seen a huge dip in the market this past few days after the ETF delay. I've read an article in cointelegraph that people are just overreacting on the said delay (https://cointelegraph.com/news/pantera-capital-ceo-investors-overreacting-to-etf-delay-should-focus-on-bullish-news). Honestly, I do agree with the article, there are a lot good news right now for market to experience a dip.
I think we need to control our emotions when investment is involved, don't sell when you are in panic. Try to think carefully and think more than 7 times before you click or do a transaction. ETF delay is not a bad news for me. I think it is a way for people to do panic selling and those rich people will abuse the dip and buy all the cheap BTC and after that, the ETF will be approved.
Right now, the market is green again and I think many people regrets selling their coins at a low price.
This is just my opinion, how about yours?
I think we need to control our emotions when investment is involved, don't sell when you are in panic. Try to think carefully and think more than 7 times before you click or do a transaction. ETF delay is not a bad news for me. I think it is a way for people to do panic selling and those rich people will abuse the dip and buy all the cheap BTC and after that, the ETF will be approved.
Right now, the market is green again and I think many people regrets selling their coins at a low price.
This is just my opinion, how about yours?
They only afraid to loss and that is realistic, in this situation who want lost money?. Can't control emotion is bad, everyone will say " yes " and I believe they already have experience about it. Keep follow our strategy is the best way to control emotion, so far only that thing can safe our asset. Just never give up with crypto and always positive thinking is better.
Most cases with the loss of the bank due to the fact that a person did not control their emotions and accordingly lost
I also had this experience
I also had this experience
I agree with you. I believe that not only in the cryptocurrency market or in our daily lives, we must remain calm in the face of difficulties. We cannot stop our success because of bad emotions. The world of cryptocurrency is very unstable. I hope people Be sure to maintain a good attitude and wait patiently
It is true, because in crypto, one that could make us successful is with patience. When we don't have a sense of patience, then we are the emotions. If in a State of emotion, we can do things that can harm. For example, i.e. do the panic sell.
ETF is definitely not approved, so you need to look for completely different ways to recover. And without emotions it is difficult to observe all this and do nothing. This is who can do this.
Yes I think so. Emotions can really cause a lot of problems especially when it comes to managing stress. The bear market can be stressful for everyone and if we don't control our emotions, we will end up selling at the low price. Emotions can stop us from being patient and can make us want to end the suffering of hodling. We will be forced to have weak hands if we don't do something about our emotion.
Emotions will inhibit and even destroy our success if we let it enter us and control us. the best is to hold back our emotions, stay calm. and positive thinking. that is the key.
someone really can't hold back his emotions because he is disappointed and his results are not satisfying for that it needs refreshment of mind and energy and patience for that need to be careful in stepping in towards a success.
emotions is a bad Advisor in decision making and therefore should not succumb to emotions.
if you decide to invest in crypto currencies or trade them you should have only a cold calculation, no emotions whatsoever. Invest free money - then more chances of your victory over your own emotions, and hence profits.
People are too greedy, they always forget about the risk in this market and they let their emotions to make a decision for them. Investing is not easy, controlling your emotion is not easy too but you must learn the process and learn how to forget that weak emotion. You need to be strong in this market so you will become more successful in the future.
if you decide to invest in crypto currencies or trade them you should have only a cold calculation, no emotions whatsoever. Invest free money - then more chances of your victory over your own emotions, and hence profits.
We have a seen a huge dip in the market this past few days after the ETF delay. I've read an article in cointelegraph that people are just overreacting on the said delay (https://cointelegraph.com/news/pantera-capital-ceo-investors-overreacting-to-etf-delay-should-focus-on-bullish-news). Honestly, I do agree with the article, there are a lot good news right now for market to experience a dip.
I think we need to control our emotions when investment is involved, don't sell when you are in panic. Try to think carefully and think more than 7 times before you click or do a transaction. ETF delay is not a bad news for me. I think it is a way for people to do panic selling and those rich people will abuse the dip and buy all the cheap BTC and after that, the ETF will be approved.
Right now, the market is green again and I think many people regrets selling their coins at a low price.
This is just my opinion, how about yours?
Do not worry, bitcoin and without this solution will grow up. Already many investors have realized that now the bottom of bitcoin and it's time to go before the next takeoff. So patience and shop my friends. I think we need to control our emotions when investment is involved, don't sell when you are in panic. Try to think carefully and think more than 7 times before you click or do a transaction. ETF delay is not a bad news for me. I think it is a way for people to do panic selling and those rich people will abuse the dip and buy all the cheap BTC and after that, the ETF will be approved.
Right now, the market is green again and I think many people regrets selling their coins at a low price.
This is just my opinion, how about yours?
Yes, this is a very good point because if you act based on your emotions in crypto, you will likely not make profit but loss. When ever the market is down, you should try to put your emotions aside and be patient enough to hold until the market recover from the fall.
You are right OP. Whoever wants to succeed in the crypto space needs a lot of courage. Courage takes away emotion and fear. Even businesses generally are not to be handled emotionally.
This is just the raw fact. So many people are controlled by their emotions. I have seen countless instances of such on this forum. People come here almost every time complaining if the mistakes they made; how the lost their investment; how the sold low and later the coin mooned and several others. We need to get to a point in this space, where we control our emotions and not our emotions controlling us. Ever since i realised this, i started to think differently when it comes to both buying and selling of crypto.
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