It's alright to lose and learn | Bitcointalksearch.org

HajiBagi

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Quote from: Peanutswar on October 03, 2022, 11:27:56 AM

But not all the time it is good to lose money in crypto just to learn instead it is good and ideal that before making different projects in cryptocurrency-related is good to have a background check what are the things needed by a newbie by that you can get an idea where to start your journey next is if you can now manage the risk that's the way you make a decision it is good to make a risk or not with the journey you would like to take, again investment in knowledge and skills is a must before making an money investment.

Even though I know that nobody is perfect and that we all make mistakes occasionally, you have to be smart enough to understand the basics of cryptocurrency before investing any money in it. This is because mistakes in cryptocurrency are more serious than they are in other areas where mistakes are less likely to have a negative impact.
If you try to learn about it before investing your money in any project, investing is not risky. As a beginner, I advise having a good understanding of cryptocurrencies before investing. This should happen before you plunge headfirst into anything related to cryptocurrencies.

Huppercase

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When you lost and learn from it, make sure it never happened again, that should be a theme for you to succeed and also a reminder for the pain you have went through, that should be a motivation to look forward for righ path and forget about the loss.
There is no way that you can avoid loss in life but it is advisable to always be cautious, it will help you minize losses so that when they occur, it will be minimal and something you can over come, but when you don't put caution in the beginning, when loss occur, it will be big and to forget it will be hard for you to overcome.

lalabotax

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Quote from: Cynthia_sinach042 on October 03, 2022, 04:32:48 AM

I may have lost much though but I had learned
1. How to control my emotions in cryptocurrency:

This is one of the keys, and this is exactly difficult. Controlling emotions is something not easy, moreover after losing much, this will be very hard for me especially to be patient and calm enough, moreover to control my emotion wisely. This is hard. But, if we want to survive in this crypto world, there is no other choice, we must learn whatever happens, learn all things including controlling emotion wisely. So we can take the lesson wisely.

bakasabo

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I remember from my childhood that everyone were saying that we learn only from our mistakes. Find it very true. And our success is the a confirmation that we have really learned something. Learning without mistakes (or loosing) imho means that a person is doing something wrong or something is going wrong.

summonerrk

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Quote from: Cynthia_sinach042 on October 03, 2022, 04:32:48 AM

I recently posted an update about my bitter experience with cryptocurrency in over a year. I am not financially stable or okay yet but I am trying to build independence for myself, although I had read some theoretical approaches to things I went the wrong way and I paid the price in full.

Experience is important. If an experienced trader makes a profit, then this is a consequence of his experience. He knows why he got this profit. If an inexperienced person makes a profit, then this is luck. And no more.

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I wasn't alone on the road to wasteful investment. I had friends who joined me or most likely encouraged me into it, but right now they are cursing cryptocurrency.

You always need to be very careful about advice for friends. Money is very important, and losing it to your friends, based on your advice to them, can destroy a relationships.

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I may have lost much though but I had learned
1. How to control my emotions in cryptocurrency: before now I had issues with controlling my emotions generally and even though I had intelligence on certain things. My emotions becloud my sense of judgment. But after losing serially over one year in cryptocurrency I think that aspect is improved.

In casinos, trading, poker, esports, emotions are superfluous. You need to get rid of them, but you can only achieve this by getting a bitter experience.

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2. Letting people control you: I have come to discover that there are so many different characters in cryptocurrency both online and offline(close to you) many of them with different schools of thought on investment, trading, and cryptocurrency in general, as a newbie I have learnt that you ought be careful on the knowledge you get feed. Many of which are wrong, unproven, and sent out by the sender based on what they were paid.

You only need to trust yourself. Your conclusions are the most expensive.

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3. Throw in the towel on wrong approaches: I know many newbies are on the wrong path but are still very adamant about changing their ways. I had lost a lot but if I had remained in foolish stubbornness I would have lost more. So as newbies call it quit your wrong approach as soon as possible.

If a person is mistaken and deceives himself, then he will convince others of his conclusions. Do not give in to this - this is one of the most important rules.

tvplus006

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Quote from: Hamza2424 on April 15, 2023, 04:16:49 PM

I do agree that people should not hesitate to invest in learning and then starting their career but still after learning there is no guarantee that you won't lose...

No one can give you guarantees that after training you will not lose your money, since it will depend only on you whether you comply with risk management or neglect it. And the fact that even observing risk management you will not lose money is also not true, since not only beginners, but also experienced traders lose money.

Hamza2424

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Quote from: tvplus006 on October 03, 2022, 11:25:00 AM

Quote from: Cynthia_sinach042 on October 03, 2022, 04:32:48 AM

...I may have lost much though but I had learned ..

This is the main problem when many people start trading without having special knowledge for this. In this case, you gain experience while losing money, instead of spending money on training. At the same time, such training will take less time than if you learn it yourself.

I do agree that people should not hesitate to invest in learning and then starting their career but still after learning there is no guarantee that you won't lose. I respect seniors' thoughts but I have a different point of view on the same thing which is what you learn on your own and by your mistakes which experience you gain not any teacher or mentor can provide you. It's good to learn first and then start anything it will boost your skills, and your efficiency in the work but still, the experience will be your own. People like to run for a ready meal but this is the bitter reality that a ready meal/fast meal is not good for future health.

In trading the most common mistake that new ones do is running for the signals and this is where get beaten hard always...

m2017

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Quote from: Mpamaegbu on April 15, 2023, 04:00:48 AM

Quote from: lalabotax on April 14, 2023, 04:59:08 PM

It is alright.
It is normal
Moreover to lose and then to learn from the experiences that have big lessons about losing. This is because we need certain experiences to make us aware of what we are going to do.

The "No pains, no gains" ideology exemplifies this. Those who go to gyms will easily relate to it. The lesson from losses shouldn't be lost on traders. It should serve as bumps for sobre reflection and not as discouragement. Set backs and failures are necessary ingredients for greater heights, depending on how they're handled.

" It's alright to lose and learn" - I don't think it's alright and I would like to learn without loss, but it seems that this is impossible and almost everyone goes through this unpleasant path

It is better, of course, to learn from the mistakes of others, but to be honest, then your own mistakes will do for this.

I see that OP chose his own.

A negative experience is also an experience. The main thing is how to perceive it: the difficulty, the overcoming of which will elevate you. No goal can be achieved without losses and mistakes, which are constant companions.

You correctly noted that there should be an impetus for reflection. It is important. It is always necessary to analyze actions that led to mistakes and losses in order to prevent repetition. I agree that it's good to learn from mistakes, but it shouldn't go on forever, especially in investing. Otherwise, you can remain a beggar.

Silver005

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I concord with you my dear, life is All about taking risky, yes it is alright to lose and learn because with you been lose you won't learn, and there's this saying that says that a man is not counted on how many times he falls rather he is being counted how many times he raise up.. and again life is All about taking the risk and join the millionaires ok..

Talking about the emotional:is having past experiences with hard time will make your emotions to change because you got new experience great than before..

michellee

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Wanting to admit a mistake we have made is difficult, but you have the courage to do it and even realize that you have to change using other ways that can help you become even better. And as long as you want to keep trying and keep trying, you can get what you want.

I think you are more advanced than before because you realized your mistake in investing in crypto. So your losses this time and before can be recovered in the coming years. You can and must be patient and keep learning until you succeed.

Peanutswar

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In cryptocurrency investment you must prepare your budget but also your emotional state because its all about the battle of your knowledge and decision-making, that's why better to make an investment with your knowledge so you can identify with yourself if this is ideal to sell now or to buy still hold or to keep buying more asset. Dont, get to rely on the information of other people better to follow your gut because you can't blame them once you follow them because it's your mistake. This is one of the hardest parts is too much expensive to learn, we learn base on experience.

reizella28

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Quote from: Gallar on April 15, 2023, 03:28:26 AM

Surely it will be a struggle that you will remember and be proud of forever, because only some people can get back up when they experience failure or loss, especially in the crypto context. From that failure you can also take lessons that can be applied at the present time, and will make you more careful and continue to be mentally strong.

Quote from: Cynthia_sinach042 on October 03, 2022, 04:32:48 AM

1. How to control my emotions in cryptocurrency: before now I had issues with controlling my emotions generally and even though I had intelligence on certain things. My emotions becloud my sense of judgment. But after losing serially over one year in cryptocurrency I think that aspect is improved.

for me personally, controlling my emotions is the most difficult thing to overcome, because this is a matter of feelings, and it is the most difficult for me to control my feelings. And seeing you get out of the emotional zone, that's something great.

That's good to hear! You could do it a little by little no need to rush yourself that may cause you to be overwhelm. I found myself that I'm not good at opening up to other person that I fear they might use it against me. My way of overcoming this situation is having a time for myself and tried to be calm on any situation that can help me to decide properly. That can be used in my trading and investing journey.

Mpamaegbu

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Quote from: lalabotax on April 14, 2023, 04:59:08 PM

It is alright.
It is normal
Moreover to lose and then to learn from the experiences that have big lessons about losing. This is because we need certain experiences to make us aware of what we are going to do.

The "No pains, no gains" ideology exemplifies this. Those who go to gyms will easily relate to it. The lesson from losses shouldn't be lost on traders. It should serve as bumps for sobre reflection and not as discouragement. Set backs and failures are necessary ingredients for greater heights, depending on how they're handled.

Gallar

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Surely it will be a struggle that you will remember and be proud of forever, because only some people can get back up when they experience failure or loss, especially in the crypto context. From that failure you can also take lessons that can be applied at the present time, and will make you more careful and continue to be mentally strong.

Quote from: Cynthia_sinach042 on October 03, 2022, 04:32:48 AM

1. How to control my emotions in cryptocurrency: before now I had issues with controlling my emotions generally and even though I had intelligence on certain things. My emotions becloud my sense of judgment. But after losing serially over one year in cryptocurrency I think that aspect is improved.

for me personally, controlling my emotions is the most difficult thing to overcome, because this is a matter of feelings, and it is the most difficult for me to control my feelings. And seeing you get out of the emotional zone, that's something great.

Getmon

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Although we despise losing, it is an inevitable part of life. We should be able to do our best to avoid losing money on our investments, but if it falls short of our expectations, there is nothing we can do but learn from it. The worst thing that could happen is that we do not learn anything from our previous mistakes. We fell, learned from it, and then stood up and tried again. Because the number of times we get up and continue on our way to success is more important than how many times we fall.

MaterialMouse69

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Quote from: lalabotax on April 14, 2023, 04:59:08 PM

It is alright.
It is normal
Moreover to lose and then to learn from the experiences that have big lessons about losing. This is because we need certain experiences to make us aware of what we are going to do.
The problem is when you are not learning from the loss and continuing the same mistakes, this will result in other losses again. This means that we don't learn from mistakes and take on experiences. That is why the ways you are doing after losing in crypto investment will really depend on how you manage yourself, especially your emotion in all parties, including in daily life.

Losing money is normal when it's come to investing, trading, and some stuffs but you can refer this as a lesson; you can't get profit always, some times it's you gain more profit and sometimes you lose more that you bet or invest. If you're newbie to this kind of investing or trading, you need to understand that you can't always win, there's a chance that you lose so make it a way to get more profit. Don't lose your hope when you lose, make it as a lesson.

lalabotax

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It is alright.
It is normal
Moreover to lose and then to learn from the experiences that have big lessons about losing. This is because we need certain experiences to make us aware of what we are going to do.
The problem is when you are not learning from the loss and continuing the same mistakes, this will result in other losses again. This means that we don't learn from mistakes and take on experiences. That is why the ways you are doing after losing in crypto investment will really depend on how you manage yourself, especially your emotion in all parties, including in daily life.

Awaklara

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Quote from: DiMarxist on April 14, 2023, 03:34:11 PM

According to the Anglicist, they said experience is the in life,trade which is something not to be assumed but after losing at first then you realize it is all about risk your patience and endurance against lost that why is called investment.advisable to lose money in cryptocurrency or business in order to learn instead, it is good and ideal that before making various cryptocurrency-related projects,
if you want to investing in bitcoin you be a risk bearer, anything we do in life has risk, before persons invest in bitcoin, is training, focus and after focus is patient and endurance.

more beginners will not stick around when newbies don't have complete faith in Bitcoin investing. I mean those who are investing out of curiosity or just a friend push. they have no better understanding when it comes to holding Bitcoin in worse market situations. they panic easily and they will lose several times.
those who have faith will gain experience and lessons. but those who feel aggrieved then they will come out of this investment with fear. Beginners will still take risks, but they won't take risks forever.

DiMarxist

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According to the Anglicist, they said experience is the in life,trade which is something not to be assumed but after losing at first then you realize it is all about risk your patience and endurance against lost that why is called investment.advisable to lose money in cryptocurrency or business in order to learn instead, it is good and ideal that before making various cryptocurrency-related projects,
if you want to investing in bitcoin you be a risk bearer, anything we do in life has risk, before persons invest in bitcoin, is training, focus and after focus is patient and endurance.

Sandra_hakeem

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Goodnight, ohh Leo!!! 🦅

There are sometimes you don't have to give in to your loses...
For the fact that it's okay to lose, doesn't mean anyone should try out nasty ideas to see if it cuts... "The same thing you wanna covert, could eventually break you, be careful"... You seee, since the creation of BTC, Alot of peeps have been investing much in avenues to fork Bitcoin with which some have been successful and some haven't... So we keep having 'em shitcoins and limited projects getting synthesized every single day,..it might look really interesting to invest in but they don't even Last. So when it comes to these cases, taking risk to lose and thinking it's better-off is even more worse than kissing your same gender's ass.

Sandra 🧑‍🦰

Topic: It's alright to lose and learn (Read 800 times)