Let fear to lose be motivation to learn - page 8.

Pandu Geddon

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Quote from: Y3shot on September 29, 2023, 08:03:40 AM

Since I know cryptocurrency my biggest fear is to lost all my capital or large amounts in trading or investment, because of the fear in me I don't do things that I'm not sure of or things I don't know. My fear to lose have always been a motivation or a reason for me to know things concerning cryptocurrency, I fear to start trading when I'm of myself that I know nothing to trade , fear to start investment when I know that I don't have a source of income.

My fear have been a motivation to learn, even If I start trading I may lose but not to lose everything because of the understanding I have. My fear to lose have always made me to take the right decisions and not to make money money my first ultimate in trading and investment but understanding as my first priority.

I know some of my mates who are into cryptocurrency that phobia to lose but even with the fear to lose they still go ahead to trade. If beginners allows their fear to motivate them to learn first their won't be drastic lose in trading.

I see losses as the beginning of opening up new knowledge for trading or investing. I also failed in my initial trading. even now I can't make up my mind about making a profit in trading. I know it can be maximized with the skills we have. but everything can't just be learned without the courage to try. and losses are inevitable for every beginner who starts.

If you feel confident with the skills and knowledge you have, you must have the courage to try. even though it is a failure. but the most important thing is your attitude after gaining trading or investing experience. If you are trapped in that fear, then when you fail you may not come back again.

Mayor of ogba

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I know some of my mates who are into cryptocurrency that a phobia of losing but even with the fear of losing they still go ahead to trade. If beginners allow their fear to motivate them to learn first there won't be drastic loss in trading.

Even when you have prepared yourself with the necessary knowledge in trading the crypto market the first day you will want to trade you will be afraid of losing your funds in trading. Fear is one thing that stops someone from learning a new thing, leave fear aside and go ahead with your plans, if you do that thing and fail you be able to identify your errors, and next time if you do that same thing again you will be able to avoid those errors and do better on that. Experience is the best teacher if you do not leave your fear and try something new you will not have the experience and know how to do better

lionheart78

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It is normal to have fear and worry about the investment made with Bitcoin. I agree with @OP that to quell that fear, one must strive to learn and acquire knowledge about the venture he is investing with or trading with.

Knowledge is the best solution for fear since fear is caused by worries about unknown circumstances and having knowledge about Bitcoin trading, the cycles, and the patter of the Bitcoin market will assure us of something in the future. So learning these knowledge will make us diminish the fears and worries and we will have peace of mind holding our BTC and be ing patient to wait for the future great opportunity to profit.

tabas

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Quote from: Y3shot on September 29, 2023, 08:03:40 AM

Since I know cryptocurrency my biggest fear is to lost all my capital or large amounts in trading or investment, because of the fear in me I don't do things that I'm not sure of or things I don't know. My fear to lose have always been a motivation or a reason for me to know things concerning cryptocurrency, I fear to start trading when I'm of myself that I know nothing to trade , fear to start investment when I know that I don't have a source of income.

Don't trade and don't invest when you're unsure. But here's the catch, you can set aside trading and not learn about it but you need to learn how to take risk in investing. That's the way to go in order for you to gain on this market. If you're not going to learn how to invest and take risk, you'll gain nothing.

Quote from: Y3shot on September 29, 2023, 08:03:40 AM

My fear have been a motivation to learn, even If I start trading I may lose but not to lose everything because of the understanding I have. My fear to lose have always made me to take the right decisions and not to make money money my first ultimate in trading and investment but understanding as my first priority.

I know some of my mates who are into cryptocurrency that phobia to lose but even with the fear to lose they still go ahead to trade. If beginners allows their fear to motivate them to learn first their won't be drastic lose in trading.

Overcome your fear, that's what you need to do. Because with fear, it sets the mood to yourself not to try something new or what you really want to do which is to trade and/or to invest. When you always think first of fear, you'll not progress believe me. Just forget about your fear and keep on doing things with thought that you'll learn a valuable lesson whether you achieve success or not.

Odohu

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Quote from: Y3shot on September 29, 2023, 08:03:40 AM

Since I know cryptocurrency my biggest fear is to lost all my capital or large amounts in trading or investment, because of the fear in me I don't do things that I'm not sure of or things I don't know.

If you are overwhelmed with as a result of your investment, it means you are over investing and this is wrong. Irrespective of how lucrative it may appear, I think being about to invest only what you are comfortable with is the best decision. For clarity, you can never be sure of anything in life and even in cryptocurrency, there is no guarantees.

Quote from: Y3shot on September 29, 2023, 08:03:40 AM

My fear to lose have always been a motivation or a reason for me to know things concerning cryptocurrency, I fear to start trading when I'm of myself that I know nothing to trade , fear to start investment when I know that I don't have a source of income.

I will suggest you take some courses on psychology so you will be able to overcome these fears. You can search Mark Douglas on YouTube, he did some nice work about trading psychology. You cannot win in this market with this level of fear. Understanding that there risk involve and taking steps to mitigate these risks is what lead to success in investing.

Bureau

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I can relate to your fear and I do understand that losing money is scary. The fear of losing money would either end up in ignoring trading or encouraging us to learn to trade. Too much fear will lead to overthinking and overthinking in a risky venture will always lead to failure. The best way to overcome it is by gaining knowledge and following your instincts afterward. I would like to add that trading is risky, if you have the guts to trade and you are open to losing funds while learning then only you should venture into it. Otherwise, stay away from it and think of other options to double your investment.

Obim34

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Quote from: Y3shot on September 29, 2023, 08:03:40 AM

Since I know cryptocurrency my biggest fear is to lost all my capital or large amounts in trading or investment, because of the fear in me I don't do things that I'm not sure of or things I don't know. My fear to lose have always been a motivation or a reason for me to know things concerning cryptocurrency, I fear to start trading when I'm of myself that I know nothing to trade , fear to start investment when I know that I don't have a source of income.

My fear have been a motivation to learn, even If I start trading I may lose but not to lose everything because of the understanding I have. My fear to lose have always made me to take the right decisions and not to make money money my first ultimate in trading and investment but understanding as my first priority.

I know some of my mates who are into cryptocurrency that phobia to lose but even with the fear to lose they still go ahead to trade. If beginners allows their fear to motivate them to learn first their won't be drastic lose in trading.

HaHa... Talking about FEAR, it is normal as human and no person who does not experience such
From research we can tell that fear kills before an incident occurs, it kills ones self esteem, it kills ones efficiency, it creates doubt and deduces one confidence. it is our ability to overcome fear, by not letting it get the better part of us, it is unavoidable as human to have this fear but we have to work on our self esteem and let that phobia get behind
Trading is risky but speaking positively to the mind is the ultimate

CryptSafe

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Fear of the unknown has made lots of people remain in their comfort zones. It is a resistant force that gives one no reason to make an attempt to engage with what seems challenging to make end results. For some people, it is a way forward and to some people, it is a call for caution. When out of curiosity you make a move damning the result or outcome of the situation of the risk taken, you find out that you have learned something new. Ordinarily, one would not have done what you could have done if not for conquering fear. When you put effort into learning doing away with fear no matter the result of it, you find out that you have learned something new, and that knowledge you get keeps you up and doing. Until one conquers fear, one can not be able to make any move for achievement.

Hatchy

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Why being scared mate? There's nothing to fear when you have good knowledge and understanding of how Bitcoin works. You just have to be smart and carful type, not the fearful one. Your fear exposes you to more risk and I don't see how fear can motivate someone.

Quote from: Y3shot on September 29, 2023, 08:03:40 AM

I know some of my mates who are into cryptocurrency that phobia to lose but even with the fear to lose they still go ahead to trade. If beginners allows their fear to motivate them to learn first their won't be drastic lose in trading.

I won't call that fear, but thier ability to recognize that trading is risky and they should be aware of all potential risk involved before going into trading. I don't think newbies should allow fear or rather FOMO to be a motivation to them, I don't see how it motivates any one. But if you ask questions and do research properly, with enough knowledge theres nothing to be scared of when dealing with Bitcoin or cryptocurrency.

Yamane_Keto

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Being afraid of losing or losing some of your money in trading is a natural feeling. We all do not like to lose money, but what is not understood is the loss of all of your capital or large amounts, as it indicates a problem in your investment strategy. If you diversify your investments, the possibility of there being a loss will decrease. All your capital and the problem becomes how to reduce losses to be much less than profits and thus trading will be profitable. More learning will put an end to the idea of losing all the money from your head and will reduce the loss of large amounts. The only problem remains reducing losses compared to profits.

Mia Chloe

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So are you trying to say fear is your drive in the crypto space? Your write up seems to be a form of motivation to newbies but in the real world fear in trading or hodling will only cause losses because you find yourself selling your hodlings in dip instead of strategizing when to sell and hodl in bull.instead of letting fear drive you I suggest you allow experience and research take the place of fear.

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Since I know cryptocurrency my biggest fear is to lost all my capital or large amounts in trading or investment,

the main reason people lose in the crypto space is lack of sufficient knowledge and research I don't think if you have a good understanding of block chain and Bitcoin basics you will end up just losing your funds or hodlings.

Y3shot

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Since I know cryptocurrency my biggest fear is to lost all my capital or large amounts in trading or investment, because of the fear in me I don't do things that I'm not sure of or things I don't know. My fear to lose have always been a motivation or a reason for me to know things concerning cryptocurrency, I fear to start trading when I'm of myself that I know nothing to trade , fear to start investment when I know that I don't have a source of income.

My fear have been a motivation to learn, even If I start trading I may lose but not to lose everything because of the understanding I have. My fear to lose have always made me to take the right decisions and not to make money money my first ultimate in trading and investment but understanding as my first priority.

I know some of my mates who are into cryptocurrency that phobia to lose but even with the fear to lose they still go ahead to trade. If beginners allows their fear to motivate them to learn first their won't be drastic lose in trading.

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