Follow your mind! - page 6. | Bitcointalksearch.org

so98nn

hero member

Activity: 2114

Merit: 603

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

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.

That’s coming pretty straight. Grin

Feels great to see that’s statement because I have fallen for this already. Specifically in trading section! There are horrible threads in that section with big advices. I also keep giving my opinion there but always put it as personal opinion and not the one which one must follow.

However, some of the threads are surely pretty good but of course post implementation of those strategies is far critical to avoid those “bad consequences”.

ChrisPop

legendary

Activity: 2324

Merit: 1035

Not your Keys, Not your Bitcoins

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.

Ridcan

member

Activity: 476

Merit: 31

The suggestions made on this subject are very correct. We should never judge people by their appearance. someone may have a good background, but in essence, they can be cheaters. Considering that we are all investors with certain difficulties, we need to do a lot of research before making an investment. Investments made with rhetoric are open to all kinds of consequences.

AjithBtc

sr. member

Activity: 1666

Merit: 276

Yes, following others opinion will make us happy if the result yields profit. If the opinion leads to loss it'll be a big regret. Understanding all these factors it is advisable to follow ones own mind, because in a short any form of changes can happen with the cryptocurrency market.

All the points stated by OP has value, but people have made themselves successful investing with the borrowed money. We can't say this happens with everyone, but it was possible in the past whereas the present market isn't that supportive for investing with borrowed money.

TIDOVEE

sr. member

Activity: 1246

Merit: 255

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.

Topic: Follow your mind! - page 6. (Read 919 times)