It's alright to lose and learn - page 2.

Mr.right85

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Quote from: Cryptomultiplier on April 13, 2023, 02:18:29 PM

Well, if there is no loss, there won't be an avenue to appreciate gain. Same goes for war/conflict versus peace time.

I like the way you've coined the first analogy to eventful events but, not so much the second even though it suits. We remains a very detested event that lives one with bitter experiences often for life. The magnitude at which it projects pain is certainly more than you can have in investment loses and so, I don't see it to better describe what goes on here.

It's good that OP was able to have learned something from his or her lose and that means, you did lose something in the gain of experience. If you hadn't learned anything at all, then we could say you have truly lost. It doesn't mean you can't lose again as loses is inevitable in the battle for making profits but, you get to count your experiences and get better as you go.

Cryptomultiplier

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Well, if there is no loss, there won't be an avenue to appreciate gain. Same goes for war/conflict versus peace time. What is important is the knowledge gained and lessons learned. That's what makes the difference.
I admire your courage OP, and how you refused to relent on your effort to keep grinding.
It really isn't easy mostly when you go against the sound or popular opinion of those who think they know better. The best you can do is keep focus intact, fulfill all achievable goals and practice the lessons you learned from the errors you made.

Obari

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You fail at first to gain a knowledge about something
Experience is the best teacher they said at first you might think you have all the knowledge about 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
There was an advice of not investing in money that you cannot afford to lose and I think it is very accepted to listen to such advice in other to avoid mistake that can make you regret investing in crypto currency

Kelvinid

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Quote from: Rockstarguy on October 07, 2022, 08:38:34 AM

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

4. No shame in starting from scratch: using myself as an example I am starting fresh and going back to the very basics and I am not ashamed to admit that. The good news is that I am better experienced and more mature.

It is always better for beginners not to rush into cryptocurrency without learning it , there is no shortcuts to cryptocurrency. It is wrong to start up cryptocurrency without any knowledge, having knowledge about cryptocurrency is the success in cryptocurrency. Starting crytocurrency without no knowledge is a waste of time and waste of money. Cryptocurrency is all about knowledge which is the key, it is impossible to put knowledge aside and expect to do well in cryptocurrency. Knowledge is power 💪.

Well, at least learning the common terms gives you an advantage. But of course, we never have to be contented with this as it was best to become more knowledgeable than just the basics. As we are still here and investing in crypto, learning is still ongoing and our mindset is also improving. Yes, it certainly takes time before we fully understand how the market works and that is why we should not have to give up easily when we suffer losses and difficulties for this is just about measuring our capabilities as well.

Rockstarguy

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

4. No shame in starting from scratch: using myself as an example I am starting fresh and going back to the very basics and I am not ashamed to admit that. The good news is that I am better experienced and more mature.

It is always better for beginners not to rush into cryptocurrency without learning it , there is no shortcuts to cryptocurrency. It is wrong to start up cryptocurrency without any knowledge, having knowledge about cryptocurrency is the success in cryptocurrency. Starting crytocurrency without no knowledge is a waste of time and waste of money. Cryptocurrency is all about knowledge which is the key, it is impossible to put knowledge aside and expect to do well in cryptocurrency. Knowledge is power 💪.

Obari

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Quote from: GeorgeJohn on October 04, 2022, 03:40:40 PM

Having the mindset of losing funds and understand what you don't know is not a good conception indecencies that can lose everything at a particular time.

I totally agree with you sir. I really don't agree with the idea of seeing things as being alright while losing and hoping to learn from the process of your loss. There are possibilities of you making huge profits, while still learning and that is why mentorship comes in, not just mentorship but the right mentorship in this case.

In cases of trading for instance, there are demo accounts that allow you to absorb as much loss as possible while practicing with your virtual funds which can be topped up if exhausted. There are also possible cases of you losing and not making a single profit while claiming to learn through the process which is never acceptable by me in particular.

I totally agree with you on learning the necessary rudiments of a particular thing before jumping into it with real time funds.

Quote from: Kasabus on October 05, 2022, 02:31:54 PM

Lossing is part of the process to learn but it doesn't mean that we could lose huge amount of money to learn something. There are statement of other which lose tons of money which we can learn from and maybe their experience could be a good basis for us so that we can also learn.

Yeah losing is also a part of learning not a deliberate one which could have be learnt from lessons of others.

Bhig Daddy

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However, it is not always advisable to lose money in cryptocurrency in order to learn instead, it is good and ideal that before making various cryptocurrency-related projects, it is good to have a background investigation to see what are the things needed by a newbie by which you can get an idea where to start your journey next is to see if you can now control the danger because that's how you decide whether it is good to take a risk or not with the journey you would like to take, once again investment in knowledge and research

RockBell

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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.

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.

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.

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.

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.

4. No shame in starting from scratch: using myself as an example I am starting fresh and going back to the very basics and I am not ashamed to admit that. The good news is that I am better experienced and more mature.

When people first started using cryptocurrencies, the markets were all green, so some are just getting experience, which is actually a good thing. However, anything that has to do with investment requires you to be ready to learn. Once you calculate your profit, you should always keep in mind that there will undoubtedly be a loss. However, most people are aware of this and are willing to learn from their mistakes. I like this post because it emphasizes the importance of choosing which knowledge to consume and how poor energy may negatively affect your business. improvement is very much allowed in this life, I sometimes go back to basics to refresh feeling something is missing. just learn and move on.

Ziskinberg

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Honestly, nobody wants to lose money in investing but the sad thing is that it was used to make people realize something wrong with their doings, and their strategies. I could assume that everyone has been experiencing this one before they reach their goal and it be a blessing in disguise because if we never experience it like this, might possibly we never improve.

It wasn't wrong to lose but what it went wrong is to quit and are afraid to face the consequences of being here.

EarnOnVictor

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The OP didn't clarify the wasteful investment made in Cryptocurrency, all I could read the general is lamentations that are common to any risky or leveraged asset. This made me guess that he/she is referring to the future trading aspect of Cryptocurrency because the holding and spot trading couldn't have caused damage to a huge extent without the hope of recovery.

It is good to invest your money in only what you know and fully understand the risk involved. Once you learn with a little amount, you can become professional with time with low risk. However, the aspect of discipline is crucial having known and fully mastered a good trading system and plan.

Kasabus

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Quote from: Taskford on October 03, 2022, 05:30:19 PM

Lossing is part of the process to learn but it doesn't mean that we could lose huge amount of money to learn something. There are statement of other which lose tons of money which we can learn from and maybe their experience could be a good basis for us so that we can also learn.

The only matter here is how we absorb the information we receive and those learning experience we encounter since if we keep pushing on things unnecessary maybe we will lose more and that's not totally ideal to us.

Losing will always be inevitable, so whether we are pro in trading or not, the most important thing is how we will overcome it and learned from it. Some may decide to quit after losing, while others continue to take the risk because the more you experience losses, the more you will be motivated and become more determined to reach your goal. However, if we can avoid losses as much as possible, it will be better, but the good thing about losses is that they always bring new lessons to learn and make us more strong and independent.

Z390

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It's alright to lose but it's wrong to blindly invest in something you don't understand, all in the name of "it's alright to lose" you will end up losing a lot, it's wiser to learn all the basics and understand how blockchain works, this will enlighten you more about which project to invest your money on and which ones to stay away from, if you just keep throwing money at any projects to understand that Whitepaper could be copied or smart contracts can be manipulated you will pay too much for the wisdom, something you can learn for free before starting your investment journey.

GiftedMAN

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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.

Bringing emotions in cryptocurrency kills faster than loss. Everyone in the crypto space will advise you not to involve your emotions when investing or trading in bitcoin because it has cost so many people their hard-earned money so your ability to fight and control your emotions determine how successful you want to become. Go get more knowledge, add a little of your instincts and apply calculated risk you sure going to bounce back on all you have lost due to your emotions.

Franctoshi

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They said experience is the best teacher, but is better to learn from someone else's experience. This is Cryptocurrency space and there no way loosing money is not involved, especially when you're new to the industry, expected and unexpected will happen when you're not being careful.
However loosing money here is normal but don't get recked. It has happened and is good you've moved on with your life and let the past be in the past , therefore let all this be a lesson to you.

Bholutefe

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In my own opinion, I believe that keeping focus and aiming at a better achievement for the sake of improvement in every aspect is very essential in life and in the crypto world especially. Once you are in a particular show and you know how it feels, then you will know what it takes to either win or lose. Everything doesn’t comes with a Win-win all the time, there are shinny days and there are also dull days. The most important thing is just to get use to whatever the side of a coin has to offer you. Being emotionally down is not the solution, rather you have to train yourself the more into becoming better than you were. Success is not guaranteed bet it is certain for every goal getters and achievers when it comes to the crypto world. We just need to learn from one another in one way or the other. Loosing money in the crypto world is not the end of the world, rather, we learn from our past errors and mistakes in order to avoid repetition.

Natalim

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It is very often we commit mistakes that result in losing but never do we think this will be the reason to think of our failure. Yes, it was okay to make mistakes and losses some money because in that way we learn something from it. I'd say this is not an unusual thing to happen in crypto, especially in trading but from that experience, it helps us become more cautious and mindful of our doings for we don't want it to happen again.
We lose, we learn, and we improve...that is how we develop ourselves into a better one.

yazher

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Quote from: Marykeller on October 05, 2022, 05:26:45 AM

We, humans, are bound to make mistakes. We learn from our mistakes. That's the most important approach to mistakes "learning. The mistake done in life are to teach us a lesson so that we'll learn from them and be wiser.

It does feel so bad when you made a bad investment in crypto. The majority of us here have experienced it, even the top crypto analysts fall victim to the crypto wrong investment example, Luna. Luna everybody was thinking that it won't get rug-pulled ended up as the most talked about investment gone wrong. That's crypto for us all

That's right almost everyone has their own the same experience where they failed to invest in the right coins and lose their investment due to a number of reasons. The important thing here is the experience and also you can tell the others how bad it was to invest in the wrong project and to avoid them falling into the same trap. There are lots of coins out there which really make it hard to decide. These scam coins like LUNA are making it harder to decide. that's why rushing and getting fast to jump to the hype coins is not really a good idea.

Marykeller

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We, humans, are bound to make mistakes. We learn from our mistakes. That's the most important approach to mistakes "learning. The mistake done in life are to teach us a lesson so that we'll learn from them and be wiser.

It does feel so bad when you made a bad investment in crypto. The majority of us here have experienced it, even the top crypto analysts fall victim to the crypto wrong investment example, Luna. Luna everybody was thinking that it won't get rug-pulled ended up as the most talked about investment gone wrong. That's crypto for us all

bakasabo

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Quote from: hatshepsut93 on October 04, 2022, 06:00:15 PM

You are not guaranteed to make money trading crypto or any other asset, no matter how much experience and knowledge you have. No one knows for sure where the market is going, at best you can be right more often than wrong. Viewing trading as some sort of craft that you can learn and live off is a mistake, lots of people try to do that and very few manage to succeed, don't think that you are special.

The best thing you can do with crypto is buy Bitcoin, hold it for 2-4 years and sell during a bull market if you need money or continue holding. That's way more profitable and less risky than engaging with altcoins.

Not quite sure if holding Bitcoin is more profitable than interacting with altcoins. Altcoins always were more profitable, when Bitcoin was more stable or a guarantee of success.

I dont think it is really possible to "learn crypto trading". Nothing new then "buy low sell high" is invented yet, and we all know that rule from very childhood. With trading imo, it is best to be at right place and time. But that is impossible to learn.

hatshepsut93

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You are not guaranteed to make money trading crypto or any other asset, no matter how much experience and knowledge you have. No one knows for sure where the market is going, at best you can be right more often than wrong. Viewing trading as some sort of craft that you can learn and live off is a mistake, lots of people try to do that and very few manage to succeed, don't think that you are special.

The best thing you can do with crypto is buy Bitcoin, hold it for 2-4 years and sell during a bull market if you need money or continue holding. That's way more profitable and less risky than engaging with altcoins.

Topic: It's alright to lose and learn - page 2. (Read 800 times)