Topic: Know your limits! (Read 783 times)
It would be proposterous that some new person to this game comes in and crushes right off the bat. That isn't how life works, you aren't great at something the first time you try it or even couple times. To get good at anything in life you need practice and much persistence. Without those two traits you won't make it anywhere, and crypto is no different. Don't beat yourself up over, learn and move on. We all have made bunch of mistakes but guess what, you can make it through it!
I fell like we are the same, all of the things that happened to him also happened to me, but I have been learning from those mistakes and trying to recover my self.
This may happen always we could tends to lose everything but all of the mistakes we had commit is acceptance and learned to recover your loss. Knows our limits in everything and proves that we can go stands working out, in cryptocurrency since market is volatile always learned to have a profit. 
I fell like we are the same, all of the things that happened to him also happened to me, but I have been learning from those mistakes and trying to recover my self.
What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
That's how cryptocurrency is and it will always be volatile as usual. Since i got here, i don't expect bitcoin to rise constantly since i already know it's volatile. Even tokens in ICOs are not 100% the price you will get when the tokens are listed on cryptoexchange.
What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
That's how cryptocurrency is and it will always be volatile as usual. Since i got here, i don't expect bitcoin to rise constantly since i already know it's volatile. Even tokens in ICOs are not 100% the price you will get when the tokens are listed on cryptoexchange.
thank for your sharing ! It's helpful
I'm really glad that this had brought up, I really wanted to hear those words as this inspires me a lot. I have to know my limits too for I'm human and for every human out there there's a piece of substantiation.
Good read. Yeah people tend to go overboard especially when it comes to earning money. One thing works, put all your money with the high hopes of gaining more returns with it. This is not smart investing but more on financial suicide if it fails.
People always blindly enter the market to expect to gain something!
Never carefully studied, but simply by their own feelings to buy and sell!
Panic selling in the face of loss! I used to be like this!
Never carefully studied, but simply by their own feelings to buy and sell!
Panic selling in the face of loss! I used to be like this!
Learning form your mistake is the first step that of the success. Nobody can be perfect and everybody at some point make mistakes but the earlier you can rectify means less scope of failure in future. Just be cautious and invest only the money which is extra and do not require on urgent basis.
Yes bitcoin has a unique and good time features and you can use bitcoin correctly you will be very grateful for you and if you don't use and flow with bitcoin correctly so i hope it will very good .
People always blindly enter the market to expect to gain something!
Never carefully studied, but simply by their own feelings to buy and sell!
Panic selling in the face of loss! I used to be like this!
Never carefully studied, but simply by their own feelings to buy and sell!
Panic selling in the face of loss! I used to be like this!
Learning form your mistake is the first step that of the success. Nobody can be perfect and everybody at some point make mistakes but the earlier you can rectify means less scope of failure in future. Just be cautious and invest only the money which is extra and do not require on urgent basis.
That's a good thought and advice, I'll take that note highly into consideration. It's quite obvious
we all want the same thing here and we all suffer similarly from poor decisions and limitations.
But in this market, limits aren't quite the same with everybody else's. I'm sure there are plenty
out there with lots of experience and well invested with or without limits. Though personally
I agree with the said advice, it would be wiser to know and set limits in this so we won't
end up losing much and be more productive. One step at a time, cryptocurrency with it's
alluring market and volatile nature can indeed tempt and over indulge people to buy more
than they can afford. Self control and contentment must also be practice and applied.
we all want the same thing here and we all suffer similarly from poor decisions and limitations.
But in this market, limits aren't quite the same with everybody else's. I'm sure there are plenty
out there with lots of experience and well invested with or without limits. Though personally
I agree with the said advice, it would be wiser to know and set limits in this so we won't
end up losing much and be more productive. One step at a time, cryptocurrency with it's
alluring market and volatile nature can indeed tempt and over indulge people to buy more
than they can afford. Self control and contentment must also be practice and applied.
Your problem is our problem too people are likely new in this thing is not knowing their limitations because they gaining knowledge about economics or in crypto that's why many people lost money in investing they gaining ideas to all people have experience in investing or trading but they say in the positive sides so definitely the new comers didn't expect the situation is, so they will be in negative ways before they know their limits or what exact limits they have.
Knowing your limits is always a good thing, in trading as in life. The important thing is not to set FALSE limits
Knowing one’s limits, setting the right limits and then remaining in those limits is not very easy. The most difficult part is staying within boundaries. For this, a person must have a very good self-control with a very calm nature. This takes time. Nobody is calm or patient by nature. A lot of work needs to be done. Trading is a risky profession and investing in bitcoin can also be risky for a person who gets panic quickly. Without knowledge, nothing can help actually.
I hope you are doing alright.
So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.
What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.
The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.
In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!
Economics and marketing is a real complex thing. Base on your personal experience, surely you missed something very important or forgot a very conclusive part of your journey to success. Remember that sometimes we need to go back to the basics to stay focus and maintain soundness of mind to make crucial decision and reminds as our limitation to survive being drown even into a glass of water. Quite a lesson to learn. So I'm writing this thread especially for me to get it all out but I hope it will reach to some other people who will find it valued.
For the last few years, I got serious about economics and crypto itself, I guess it's my passion. I find everything about money, economics, technologies, companies, crypto and many more very interesting. So I decided to try my luck, to go for this. I acquired a ton of knowledge, I followed the leading personalities in the economics (not necessarily crypto) and learned as much as I can. I spent months of reading because I really enjoyed it. Eventually, no regrets. So what I am trying to say is that I told my self to get into crypto as part of investments and then move to the stocks exchange but crypto as a start. My mistake? I convinced my father to hand my few thousands to invest into cryptocurrencies, and honestly, I wasn't wrong; my actions were.
The problem is the huge need for immediate satisfaction so I couldn't really HODL I guess and lost almost all of this.
What I am trying to say over here. That, those investments are based on a lot of speculation and knowledge but not only.
Sometimes no matter how a product is good, the team is doing great and everything is perfect. Sometimes the market itself isn't perfect.
So I'm trying to tell you KNOW YOUR LIMITS. Why so? Due to the high volatility (10% up, 10% down), I got addicted to this and all I wanted is to make 2x. I felt it was so close to me (to be honest if I wouldn't touch my money and just HODL almost no matter at what coin I would at least 3x). So I changed from a coin to a coin was looking for the closest pump, for instant profit I wanted it so hard without noticing I am losing very slowly.
The economy is a very complicated thing, I kept watching multiple long videos about the economy to look what I missed.
I am just a small letter in the whole bible, so I guess it doesn't matter. People believe they are different, but usually, they are not.
Plan a strategy and more than all, be patient and do not let emotions or urges get into your actions. Investments could be very nice but sometimes risky and harmful. Cryptocurrency, for example, brought the good thing, made every single person from his bathroom to invest and become a millionaire; that's a huge great thing but if you don't follow the basic rules it can be fatal.
In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!
I guess you were in a haste to make money from your capital and you did under study the coins you wanted to invest on and jumping in when they were already being dump, therefore, catching a falling knive.
My advise is that, you don't invest what you can not afford to lose. All that glitters is not gold.
I like your comment and advice. I so agree with you. Before indulging in something we must make sure to have knowledge about it. In business one needs to research first and make sure oneself is ready for whatever happens. My advise is that, you don't invest what you can not afford to lose. All that glitters is not gold.
thanks for your suggestion, it is very useful and i also agree with you, to invest bitcoin we have to be careful and not have to risk everything here
That’s some good advice for those who are in a hurry to make millions. I know a lot of people who are like tou OP, and they have this way of thinking wherein they are expecting their investments to double up right away and if it doesn’t; they’ll just pull them out and buy another coin instead of holding them. They can’t wait to make lots of money out of crypto which is the real deal with most people.
I guess you were in a haste to make money from your capital and you did under study the coins you wanted to invest on and jumping in when they were already being dump, therefore, catching a falling knive.
My advise is that, you don't invest what you can not afford to lose. All that glitters is not gold.
My advise is that, you don't invest what you can not afford to lose. All that glitters is not gold.
Yes you have to know your limits! always remember that there is time for everything ,season to gather and a season to sow be wise then and understand your market for we never know that will happen next!
In conclusion, don't put yourself above other traders or investors. Don't fall into the deep water. Actions should be taken very carefully and after a long smart thinking. I wish you the best!
That should be a must do when you are going to invest. Don't dive on deep waters to avoid being drowned. Investment should be done thoroughly with keen analysis to be successful.
People always blindly enter the market to expect to gain something!
Never carefully studied, but simply by their own feelings to buy and sell!
Panic selling in the face of loss! I used to be like this!
Never carefully studied, but simply by their own feelings to buy and sell!
Panic selling in the face of loss! I used to be like this!
I think you are right why I'm saying this i also be like that in the starting stage without knowing any of the trick and tips of the bitcoin i invest in in it but I also loss with the panic so I learned something thing with that losses.
People always blindly enter the market to expect to gain something!
Never carefully studied, but simply by their own feelings to buy and sell!
Panic selling in the face of loss! I used to be like this!
Never carefully studied, but simply by their own feelings to buy and sell!
Panic selling in the face of loss! I used to be like this!
I think you are right why I'm saying this i also be like that in the starting stage without knowing any of the trick and tips of the bitcoin i invest in in it but I also loss with the panic so I learned something thing with that losses.
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