Follow your mind! - page 4. | Bitcointalksearch.org

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: TIDOVEE on October 29, 2020, 12:16:26 PM

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.

Let me touch briefly on the itemized points:
1. I don't think it's an issue borrowing money to invest in trading or any project. That's if one knows what one is doing. However, my caveat here is that no one should get a loan from the bank to invest. Borrowing from friends or relatives is better than going to the loan sharks. I have my reasons for this.
2. Human wants are insatiable. So, I don't think any reward expectations are greedy. After all, what is much to one may be less to another. But I like taking profit above X 10 on my investments.
3. This third item is subject to different individual expectations and I solely believe that it's for that reason that we all have mentors in life. Mentors are those whose ways of life and business modules we imitate. "It is better you follow your mind during investment and bear the consequencies thereafter." While I understand what you meant by the bolded, I strongly caution that same wasn't for noob investors or traders. There's always a learning process. No one was born an expert. We grow by learning from others — and from our mistakes too.

FlightyPouch

sr. member

Activity: 1638

Merit: 300

What is wrong with borrowing money to invest? I think that is a great opportunity to widen your capital and start bigger. Unless you don't know what you are doing. It is not that great if you are gambling but I think in terms of borrowing someone's money to invest maybe into crypto currencies or other assets, I think it is not that bad.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Following your mind, following your instinct, not really it works all the times. Investing adhered with high risk, soliciting ideas from experts, cominmg from books, you can see a lot of brilliant ideas which is a big help to finally make a decision. But if we are a close-minded person, such a thing it never helps, they'll got refuse but have standing it of what they believe.

But above all, and before we've planned to make investment see to it that we have been equipped enough,
*capital
*knowledge

It is very hard to start investing if you don't have enough money to start. Borrowing from others is not a bad idea but mostly a reason also that causes your failure. Better to start that everything is prepared and so no other thing that will distract you.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: TIDOVEE on October 29, 2020, 12:16:26 PM

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest

Only stupid people will do this,never that i put this in mind and this is really insane idea.

Quote

2. Greedy expectations in reward

This is the reason why many lose in trading because of their looking for too much rewards while the truth is small amount is enough than losing.

Quote

3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.

well opinions are opinions it is our decision that matters,analyzing everything that come around will always the best security to use.

Natalim

hero member

Activity: 3164

Merit: 611

BTC to the MOON in 2019

Borrowing money, not really a good idea, if we do that, it shows we are newbie in investing and we don't really understand how unpredictable the market is. When you borrow money, the interest is fix but there is no assurance that you investment will succeed, so that's really the thing that everyone should avoid.

About listening to other people's opinion or call, not really a big deal to me as I also do it from time to time, and sometimes they are right, sometimes they are wrong, but in the end I should be the one to make a decision, otherwise, I'm just blindly investing.

cheezcarls

hero member

Activity: 2282

Merit: 659

Looking for gigs

You nailed it mate! Straight to the point! I always follow my own instincts rather than listening to the opinions of others (despite some of them are good, but not perfect). And also, we need to start managing our risks well (both time and money) and let our emotions and perspective be stronger in case your coin or token goes down. If I wanna borrow money, it's not a good idea to make it for crypto investing purpose (because it's considered high risk) and you struggle returning it back if the market goes down and may not recover anytime soon.

Boov

sr. member

Activity: 868

Merit: 256

Quote from: gabbie2010 on October 30, 2020, 12:57:39 AM

Quote from: TIDOVEE on October 29, 2020, 12:16:26 PM

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.

The most stupid decision for any investor to be taken is to borrow money for investment having read reviews, predictions from different sources like opinions however how reliable is their opinion? does the prediction or speculation has a proof to back up such an opinion? such an investment, of course its very risky to follow people's opinions verbatim without any personal research and findings, when such an investment failed automatically the investor becomes bankrupt.

Among the three listed above it is quite not possible that some of us could come to its mind to borrow money for investment. Here in our country, borrowing money were became a nature of one's life though i never did it for once in my life. Second greedy expectations in reward for me it is not also impossible each and everyone were hoping for a good pay rewards not that greedy mode but the amount of payment that was worth to your effort. And third thing, reliance of people's opinion, we have our own kind of strategic plan when it comes to investment. Theirs are only opinion, its all up to us if we were going to adopt their suggestions.

FACE 2 FACE

full member

Activity: 756

Merit: 103

Many novice investors have no choice - they are forced to be guided in their decision-making by the opinions of outside experts, since their personal level of understanding is at a much lower level. Therefore, this theme will applies only to those who are able to draw conclusions on their own and to a large extent adequately understand the issues of cryptocurrency projects.

JuSayCo

jr. member

Activity: 112

Merit: 3

Exactly. Some people easily believe to anybody else that is why they tend to be fooled and terribly failed in the end. I also don't like the idea of borrowing money just to put up an investment. I will rather use my own money if possible and carefully study the market movement, listen to other few opinions and then follow my gotfeel, my mind, so whatever maybe the result with my own actions, there is no one to blame of. I, myself will be accountable with my own decisions and deeds.

MCobian

full member

Activity: 1190

Merit: 117

Many people want to get rich quick from Bitcoin and make the mistake of using borrowed money for investment. In the end the market
didn't go according to plan, the price of Bitcoin went down, we couldn't pay the debt. Invest money that we can afford to lose is what it
has to do, and don't expect to get rich from Bitcoin instantly. And greed is a thing that belongs to humans, therefore control our greed
so as not to miss the opportunity to make a profit. The last one follows other people's opinions, which are not necessarily accurate predictions,
so avoid joining the trading signal group. Believe in your own abilities and thoughts in trading, if not a problem our analysis is wrong,
we can learn from every mistake we make.

kryptqnick

legendary

Activity: 3332

Merit: 1404

Join the world-leading crypto sportsbook NOW!

Quote from: TIDOVEE on October 29, 2020, 12:16:26 PM

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.

Borrowing money violates the rule of investing what one can afford to lose very seriously. As for expectations, I think that one should analyze how the price changed in the past and set up a realistic goal for cashing out.
And as for the third point, I think people tend to follow the opinions of others to blame others and relieve themselves if responsibility. They have the right to do that, but I agree that it's not a good choice.

The cure

jr. member

Activity: 448

Merit: 4

Quote from: TIDOVEE on October 29, 2020, 12:16:26 PM

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.

For me there is nothing wrong with borrowing money to invest or to trade for as long as you know your responsibility as a borrower and especially you should know how to control yourself so that you are not dazzled by your greed for what you will be earning for ,sometimes this will lead you to losing your money. The numbers 2 and 3 are related, sometimes others have predictions that are very nice and enticing to listen that is why we are attracted and believe in their predictions and hoping that we will earn huge profit but what happens is the opposite of its predictions, and it's end up losing.

Mulann2

member

Activity: 686

Merit: 35

I really do not think it is a wise idea to borrow money to invest in crypto, this market is highly volatile and unpredictable, what happens if the project you invest on turns out to be a scam, all your investment just went down the drain and you have no other means of paying back! That will be a bumper, better to invest what you have no matter how little it is, "a drop of water makes an ocean" just nurture your little investment to maturity.

lovesmayfamilis

legendary

Activity: 2072

Merit: 4265

✿♥‿♥✿

A lot of tearful stories have been heard lately. People who do not understand either cryptocurrencies or the market itself, but simply trusting their money to advertise or hundreds of analysts, very often have big losses. In my opinion, to be a successful investor, you must first know this direction. And constantly maintain and improve this knowledge, and only then invest in any assets. But at the same time, you need to understand that you should always be guided by the fact that your deposits have the amount that it is not scary to lose.

Oasisman

hero member

Activity: 2828

Merit: 553

Quote from: TIDOVEE on October 29, 2020, 12:16:26 PM

3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.

Are there people who's actually following baseless predictions that has been pulled out of thin air?
I believe crypto twitter has been flooded with such kind of baseless predictions, and I don't know If people are actually following these.

The most common mistake of a crypto investors is doubting Bitcoin and not buying while the price was low and then regret on the latter. This mistake has never aged lol.

gantez

full member

Activity: 1736

Merit: 121

Quote from: TIDOVEE on October 29, 2020, 12:16:26 PM

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest

I don't see any mistake here with borrowing to invest. The important thing is if you understand the investment you want to make. Agreed that cryptocurrency is not a certain kind of profit because it can't be predicted rightly but you can still try. You can borrow little so that you don't run into bigger financial problem when you lose the money.

nurilham

sr. member

Activity: 1484

Merit: 447

I used to be very violent and eager to quickly double my money. and finally I got into crypto but the first thing I got was not a sweet thing, but a bitter thing. I invested in a Scam project and until now I lost my money and I really regret this. Since then, my mind has opened and encouraged me to continue learning so as not to be fooled again.

Alucard1

full member

Activity: 574

Merit: 125

Quote from: TIDOVEE on October 29, 2020, 12:16:26 PM

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest

This is not totally bad if you have the money to pay it back even you lose from investment, but if you don't have then never loan just to invest, you know how risky investment is and there is no assurance that you may earn a lot of money from that so better to use your own money. Imagine if you lose from investment and you are still obliged to pay your loan, that is so bad, you will lose a huge amount of money from that.

Don't invest if you don't have enough or extra money, investment is not good for those people who don't have any work to sustain their needs because what if you lose then you would not have something to offer o your family, you'll end up hungry and empty money. Don't take a risk if you still cant sustain your basic needs.

davis196

hero member

Activity: 3234

Merit: 941

Quote from: TIDOVEE on October 29, 2020, 12:16:26 PM

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.

It seems to me that this forum topic should be in the Trading Discussion forum.
Investing your money based on other people's predictions and opinions is pure gambling.
I will have to correct you about something.It is NEVER good to listen to people's opinions.It doesn't matter how smart they sound.You should remember that opinion doesn't mean knowledge.
Like Lao Tsu said "If your life is based on what other people think about you,then you become their slave."
If we change "what other people think about you" with "what other people think about trading and investing",then you know what I mean. Grin

Mahdirakib

legendary

Activity: 1946

Merit: 1026

In Search of Incredible

I won't suggest anyone to invest in crypto with borrowed money. And I think not so much people do this. Taking other people decision might helpful but don't make your full investment plan base on other people's opinion. Listen to them who are experienced enough. Following mind choice isn't enough. Make your decision by observing and analyzing the crypto market.

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