Follow your mind! - page 5. | Bitcointalksearch.org

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

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.

Gotumoot

sr. member

Activity: 1372

Merit: 261

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.

I never tried the first one even if I think that the investment would really give me a huge profit I know the risk in investment so I wouldn't try to put other money at risk.
I wouldn't be honest if I would say that I didn't expect any reward in investment there are times that I would count my profit even if I don't even have it yet.
And for the third I never did rely on people's opinion that is why I am still here in crypto because right from the start I have so many friends and even family members who thinks that I am just wasting my time on crypto.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need a Marketing Manager? |Telegram ID- @LT_Mouse

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 will just be a mistake if you borrowed the money and then invest it into something that has a high risk like borrowing in money to invest in HYIP's or borrowing money to invest into a company that promises to give a guaranteed X% interest which is we know ending up being a scam.

Borrowing money and investing it into something that you're knowledgeable with is considered a good debt. You borrowed money and invested it into a business and you're a businessman then you know how to grow the money you borrowed.

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

2. Greedy expectations in reward

There is no benefits in becoming greedy. Learn to be contented in whatever you have especially in rewards.

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

3. Total reliance of people's opinion. Among many others.

This is where proper research comes in.
There is nothing wrong in asking to other people especially expert ones but relying on them is truly a bad mistake. At least make your own research.

kentrolla

hero member

Activity: 1652

Merit: 569

Catalog Websites

Exactly, Many wonder it as a lottery but they need to understand this is entirely different. Borrowing money, lending for interest, loans etc guys kindly ignore it I am strictly against it because crypto is extremely risky, Invest with what you have and patience is key for making money here and obviously sharing opinions are valuable but make sure you invest according to your knowledge and mindset.

mikeauerbach

jr. member

Activity: 65

Merit: 2

Quote from: hossamdz on October 29, 2020, 03:23:15 PM

my most important tips in trading :
dont put all your eggs in one box .
invest only what you are ready to lose.
dont trade using your emotions .
follow those if you wanna make money in trading.

+ Always make your own research and read a white paper before making an investment.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

I am not totally against taking loans for making investment. As long as the person taking the loan is capable of paying back ( if he wouldn't be able to do so, i doubt anyone would be willing to lend him any money. Even if someone does give out a huge amount without any collateral, the lender is to be blamed for making such mistake), there is nothing wrong. I mean people take thousands of dollar as loan from banks to start a business. It's not like the person is going to gamble with those money.
I agree with the rest of your points though. People shouldn't get greedy and rely on peoples opinion. People will always tend to be biased towards coins they have invested in no matter how shitty that coin is.

Casdinyard

hero member

Activity: 2184

Merit: 891

Leading Crypto Sports Betting and Casino Platform

Quote from: Lorence.xD on October 29, 2020, 09:22:46 PM

Quote from: Mr.sprin on October 29, 2020, 08:51:32 PM

Every action has a risk that must be faced, trusting the predictions of others is allowed but not fully held, self-consideration must be learned crypto is important to hold.
do not put eggs in one box select coins, potentially like the top 10 coins, reduce the risk of loss.

That is what I am taking in my heart when I am trading. My friends says the same thing about the behavior when trading. OP has a point about following your own mind because in the end the decision falls back to you whether you want to do it or not.

IMO, it is more reliable to depend on the market analalysis alone, most of the time. If you will be affected by your emotions, regrets is more likely to follow given the uncertainties with the market behavior. What happens most of the time is that, investors and traders are making assumptions such that "market will keep continue increasing" but due to the nature of volatility, most of the time patterns are not working. Doubts are just normal but avoid making risky actions. Trends are somewhat beneficial if you are a trader, but due to inconsistencies, not all trends will generate profit. Mind or feelings will not be enough. Market analysis will also be lacking. Combination of these three with luck, will do it.

maxreish

sr. member

Activity: 1358

Merit: 326

Its not advisable to invest from a borrowed money. When you lose, you'll be responsible to pay that back no matter what happens. And I usually listened to other's predictions and comments. However, I always follows my own instinct. If others know how to read indicators and give their TA, we can also do the same by confirming it with our own.

As we know that being optimistic can help our decisions to be successful. Sometimes, listening to the other's opinion to help you grow is also essential.

TitanGEL

sr. member

Activity: 1036

Merit: 281

Actually borrowing money is a good way to raise funds if you do not have enough money to make investment but there is 2 big problem which are: the pressure to make profit and also the skills and the knowledge that are required in order to gain profit in the type of investment that you will do. I think it is better to have enough experiences, right mindset and right skills in order to grow the money that you borrow. In terms of greed, I think it is normal because we know that the market ia full of greed and fear; I think what is not normal if the greed control us wherein we do not have right mindset and wrong planning.

I will agree to the last mistakes and it is to relying on opinion of others. The strategy that we should follow is the strategy that comes up in our mind, where it can considered as our own conviction. There are always hype in this type of market and we should avoid it especially if we want to prevent huge losses and create profit in the market.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Quote from: Mr.sprin on October 29, 2020, 08:51:32 PM

Every action has a risk that must be faced, trusting the predictions of others is allowed but not fully held, self-consideration must be learned crypto is important to hold.
do not put eggs in one box select coins, potentially like the top 10 coins, reduce the risk of loss.

That is what I am taking in my heart when I am trading. My friends says the same thing about the behavior when trading. OP has a point about following your own mind because in the end the decision falls back to you whether you want to do it or not.

Mr.sprin

full member

Activity: 1554

Merit: 135

Buzz App - Spin wheel, farm rewards

Every action has a risk that must be faced, trusting the predictions of others is allowed but not fully held, self-consideration must be learned crypto is important to hold.
do not put eggs in one box select coins, potentially like the top 10 coins, reduce the risk of loss.

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: GreatArkansas on October 29, 2020, 05:52:26 PM

Most of the victims of this mistake are the newbies, those people who are just starting to learn different things. I admit this because of back before when I started to learn cryptocurrency, like buying Bitcoin or other cryptocurrencies, or trading. I really trust other random people on the internet in their own opinion and I ended being REKT.
Learning on our own and being positive in our own opinion is really important, we should learn how to trust our own instinct before other people.

I experienced that too when I was a newbie, I believed on those self-proclaim expert traders and I bought what they said. Without proper knowledge that time, I bought at a risky price and I ended up holding that coin for a long time. Trusting our own opinion is difficult to do because there are many factors that affect it.

GreatArkansas

legendary

Activity: 2562

Merit: 1399

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.
(....)

Most of the victims of this mistake are the newbies, those people who are just starting to learn different things. I admit this because of back before when I started to learn cryptocurrency, like buying Bitcoin or other cryptocurrencies, or trading. I really trust other random people on the internet in their own opinion and I ended being REKT.
Learning on our own and being positive in our own opinion is really important, we should learn how to trust our own instinct before other people.

suzanne5223

hero member

Activity: 2786

Merit: 657

Want top-notch marketing for your project, Hire me

1) Investors can actually money in form of fiat or stablecoin to increase his capital if hehase adequate knowledge in crypto trading if the market is in good condition as we are now.
2) With the volatility in nature of cryptocurrency market greedy in the expectations of reward is the last thing an experienced trader will have in mind.

Serious475

full member

Activity: 574

Merit: 101

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.

These three factors can really make an investor disappointed. We don't have to borrow money just to invest because investment can wait and if the project we invested doesn't have a good result, we will only lose our own money unlike when we borrow a money we need to pay for nothing. Every entrepreneur really needs to take risk but not this too much risk. Don't let your self have a greedy expectations in reward because if we have that, we will get disappointed since we are expecting for a big reward on that specific project. Total reliance of people's opinion is really one of the most risky thing and I am one of the victim. We can trust people but we should study about the project first before we believe on what they are saying. We should calculate first before we do an act that we will regret if we fail.

palle11

sr. member

Activity: 2366

Merit: 332

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

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.

As to advise and the way it goes with trade, is better you have a little knowledge about what you are receiving advise for. Trading isn't very easy to understand for a newbie, so having someone advise on it while you don't have basic idea, you can get lost and lose all your capital.

Wesleyeric

jr. member

Activity: 54

Merit: 4

Yes this is a nice topic, what works for me here may not work for you, follow your mind and your opinion. I do noticed that some people here listen to what people say, they do follow people opinions,Is good to follow your opinion and what you think is Possible for you, Look at bitcoin what ever you come up with you do it, anything you think and you realize it ok for you then go ahead, there is no need of following too many opinions from people,and by the end of the day,You talk negative about it because it didn’t work for you. Every one here has different destiny.

hossamdz

member

Activity: 84

Merit: 37

my most important tips in trading :
dont put all your eggs in one box .
invest only what you are ready to lose.
dont trade using your emotions .
follow those if you wanna make money in trading.

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Quote from: ChrisPop on October 29, 2020, 01:46:48 PM

Borrowing money to invest is how you leverage your financial power. Borrowing is an investment professional's best friend. It is imperative to have a thorough risk management strategy, though or this "superpower" could transform into a "handicap".

I think point 2 and 3 from your list are the worst. Greed can make someone lose his mind. I know from personal experience. Always have a goal and KEEP YOUR EMOTIONS IN CHECK. I can't emphasize this enough.

Everyone has the right to his own decisions but I don't think that borrowing money to invest in Bitcoins or anything else isn't good idea. The first rule of investing is that you put the money you don't need. Risk can be too big and crash your ability to handle it so at the end you might find yourself in real problems.

carlfebz2

hero member

Activity: 2926

Merit: 722

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.

1. Its dumb to be done but there are actually people who do really consider this as one of their options without even thinking that they are putting themselves into deeper trouble
when things turns out opposite on what they had expected.

2. Part of human being of being greedy and i cant deny that we do already forseen the possible profits that we can make and believing that it would really be an easy
one until the reality will slap up your face and do prove it wrong.When you are experienced then you wont thought of this much.

3. Being dependent is just really a sign of being too lazy to learn up for yourself this is why people do really decide to rely to others when it comes to decisions
but when the time comes that they're done then they will make out self realizations that they are just wasting off their money.

Topic: Follow your mind! - page 5. (Read 919 times)