Topic: Enter the market with a loss mindset~what you can afford to lose - page 3. (Read 1200 times)
Investing in crypto is a joke, you'll lose your money instantly if you got it wrong. That is why if we are in the plan investing be sure that we are aware of what might happen to our money as it is either it grows or loses all. Keeping in mind that we are facing high risk, we can't just think all about the negative but have to urge ourselves to stay positive despite everything negative we've heard. We have to step up and level up our mindset as this will have a huge impact on our decisions.
Very true. Go in with what you can afford to lose or let go. It helps a lot thats why everyone is encouraged to in with a certain level of experience or training as well as not having the get rich quick mindset. Fluctuation in the market makes predictions difficult to get it right so it is advisable to take profits even though it can be sometimes difficult to do that
the market is open to everyone. But what we should do is to read the market before adventuring into it. because market of cryptocurrencies is like positive and negative. And that's while nobody is assured of the market and it's another factor while people have to encourage people not to lend before entering the market or not to lend for cryptocurrency investment. Investment in cryptocurrency should be a totally spell funds not real funds 
I love this momentum when we all have our equal chance to grab more altcoins that we love or even the main coin which is Bitcoin. ~
I think you should just focus on bitcoin, because many altcoins are going to die in this bear market.
Of course, it is not going to be something awesome if you make a lot less profit, there will be some people who hit it super lucky with a few altcoins and that would be super high profits and that would be something sad for you and upsetting to see those people making a ton of profit. This is why I believe that some people will make more but there will be a million who will make less that you will ignore. Hence price matters a lot in this case.
To have minimal losses when entering the market, you need to understand the market and financial literacy. I recommend you to read more about it in books. There are also many excellent sites like medium where there are articles about it. By the way, I recently found information about SingularityDAO there. This application is for me the most ambitious of the majority. I made a bet that this would be a successful project and decided to invest in dynasets. I really hope that this will be the right decision for me in the future. Has anyone heard anything about this?
To avoid market heartbreak buy and Hold preferably with an amount you can afford to lose. Losses is a must as far as crypto investment is involved. When the bull sets take advantage of it but with the current market situation if you don't understand the trend or your strategy isn't reliable enough stay clear. This is a point in the market where you trade based on how much research you have made. Stick to what works and avoid the noise from the crypto community
I love this momentum when we all have our equal chance to grab more altcoins that we love or even the main coin which is Bitcoin. ~
I think you should just focus on bitcoin, because many altcoins are going to die in this bear market.
I can see the reasons from both of you standpoints. One looks for the long term hold by buying when it seems low enough. While another look for the next bull run signal to make sure he's profit in short term. [..]
Yeah, he is referring to the short term. If anyone wants to invest for short-term then he need reversal confirmation. But for the long term, investment you don't need to read charts simply buy and and HODL What you're proposing here is "chasing price". I don't see it as a good investment strategy. Why would I wait for price to turn bullish before going in when I believe the crypto I'm buying is a good one? ..
Of course, everyone has their own strategy, which they adhere to. And if you think that the current price is acceptable for you, then no one will be able to keep you from shopping. I believe that purchases should be made only after the reversal of the entire cryptocurrency market is confirmed. Since it won't matter if I bought BTC for 10 or 13 thousand dollars if its price reaches 100 thousand.
What you're proposing here is "chasing price". I don't see it as a good investment strategy. Why would I wait for price to turn bullish before going in when I believe the crypto I'm buying is a good one? ..
Of course, everyone has their own strategy, which they adhere to. And if you think that the current price is acceptable for you, then no one will be able to keep you from shopping. I believe that purchases should be made only after the reversal of the entire cryptocurrency market is confirmed. Since it won't matter if I bought BTC for 10 or 13 thousand dollars if its price reaches 100 thousand.
I love this momentum when we all have our equal chance to grab more altcoins that we love or even the main coin which is Bitcoin. When crypto is in the sale like this many people avoid crypto since they really believe to media that tells Bitcoin is dead bla bla bla.. I pity them when they didn't know the risk and didn't know the opportunity behind that risk and only came back when the crypto price on the new ATH.
That’s when most of the people only came to invest because of greed, and that they always believe that the market will always be at its best, and when tough times happen, they eventually turn into weak hands and leave the market. Maybe because they know the risk in crypto but are not willing to take the risk because they lack the faith in crypto. 
~
if we believe in what we choose, then the current downturn conditions will be paid off in full with favorable returns in the future. just hold it with trust, we will get the benefit.
What you're proposing here is "chasing price". I don't see it as a good investment strategy. Why would I wait for price to turn bullish before going in when I believe the crypto I'm buying is a good one? If I believe that it has utility, I go in and not wait for someone to FOMO on it. Those who fear to lose anything at all in this game are those who end up losing. The plan should be to spot the one you want to buy and do so when the market seems silent on it. FOMO shouldn't be a thing with shrewd investors. To this point, I side with virasisog on their position.
That's right after the market moves to a bullish one some people who just wait without taking action will be left behind at the moment. because what happens is that they panic in making a purchase. it could be that such an action would trap him in a bull trap. we often see it happening in the market.
if we believe in what we choose, then the current downturn conditions will be paid off in full with favorable returns in the future. just hold it with trust, we will get the benefit.
~snipped~
It would be a better decision to buy coins after confirming that the market has turned bullish. In this case, the purchase price will be higher than the minimum, but this will prevent more significant losses that will necessarily occur if the market continues to decline after the purchase.
They say that while others are in fear, we should take the chance to fill in our bags. Those who are afraid during this season are also the same people that will be filled with regrets when the market recovers. One common mistake that most investors do is to fear the bear market but are afraid to miss out during the bullish season that they buy even during the ATH.
It would be a better decision to buy coins after confirming that the market has turned bullish. In this case, the purchase price will be higher than the minimum, but this will prevent more significant losses that will necessarily occur if the market continues to decline after the purchase.
It's a good think if everyone will invest with the mindset of what they afford to lose. This means you can buy at any price without being scared if it will dip more or not.
The issue is that most people never trade thinking about the possibility of losing money, they are always thinking on the best case scenario and how much profits they will make with each trade they make, this means that technically there is no amount of money they can afford to lose, and when they do lose money, as this is something inevitable in the markets, then they immediately get desperate even if the losses were small, which as you may guess force them to make several other mistakes from which then it becomes impossible to recover. 
One of the biggest mistake traders make is to only think about profit and not a possible loss in case the market goes the opposite way. When you are prepared for a loss, you also get to have a good risk management plan so that you don't lose everything in a single day.
This is true, and this also become one of my enemy when trade including greeds. When do trade that really necessary to emotionally stable and offcouse afford to lose is the number one.
It's a good think if everyone will invest with the mindset of what they afford to lose. This means you can buy at any price without being scared if it will dip more or not.
Indeed. However you cant expect everyone to enter with that mindset. Probably many people decided to become a trader with an ultimate goal to be a huge gainer. That also include to use their savings not knowing the risk of losing it. If only traders follow the basic rule of not using the money that you cant afford to lose then it wont be hard to accept even we fail because sometimes losing is inevitable.Anyway, we cant say if we already reach the top or the bottom of the price hence the decision is always up to us. If you think the price is decent enough to sell then dont hesitate. The same goes when the price is declining, buy as long as you're certain with the coin you choose.
Whenever you enter cryptocurrency, you have to enter cryptocurrency with the mindset of your loss.Those who can't work with a loss-making mentality will never be able to do anything good in cryptocurrency.Cryptocurrency market is a thing where you have to survive by losing.No trader can profit without loss. Those who have benefited will see that they have lost a lot of money in the past and then gained and learned a lot.
I agree but you should also train your mind to be a profitable trader, you should learn how to make profits even if we are on a bear market.I believe to become a good trader, you are still gaining profits even what the market condition is, bear or bull market.
I also believe that trading is not gambling where you already assumed you are at a loss once you started. Having a positive mindset is good, but you should be aware on the other side or negative will happen, you need to face it and be able to move on or you can handle it.
Whenever you enter cryptocurrency, you have to enter cryptocurrency with the mindset of your loss.Those who can't work with a loss-making mentality will never be able to do anything good in cryptocurrency.Cryptocurrency market is a thing where you have to survive by losing.No trader can profit without loss. Those who have benefited will see that they have lost a lot of money in the past and then gained and learned a lot.
It's a good think if everyone will invest with the mindset of what they afford to lose.
But not every investor will have that thinking, yeah, it's good if everyone will have that mindset but we can't force and apply it to everyone. Eventually, will learn from their mistakes and experiences that they'll invest what they can afford to lose and still be optimistic with the experience that they've got.This means you can buy at any price without being scared if it will dip more or not.
Yup, that will be for the ideal investors that have a long term vision to the market and actually knows what they do and won't be distracted from FUDs and other negative sources.
It's a good think if everyone will invest with the mindset of what they afford to lose. This means you can buy at any price without being scared if it will dip more or not.
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