Mindset and personal expirience, how important is it in crypto? - page 2.

Ailmand

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Quote from: Yalovtsev on March 06, 2018, 03:10:03 PM

The very top to go with a strategy that you understand how you'll act in them to buy,or keep on market activity,or 10-20% fix. a couple of days,a lot depends on this!For example, I understand that it is better to remove part of the perspective in dolgosrok, and part of the trade, and look at the movement of the market in the first place,as it affects the direction of development

I agree. However, I would say that every aspect of a person comes into play, if that could help in making good deals in the end. Whether one has a certain kind of attitude, emotional control, good strategy and a lot of assets to do business, if he would not use it for his advantage, then it could all go in vain. Therefore, as much as there is a hierarchy of consideration one must use, I would say that using all thing at your disposal including one's attitude plays a key role in making good business.

reypinioco

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Yes it is,investors who has a lot of experiences will know which projects or coins will give or achieve success,that is why experience is really needed the mindset will give you a good idea how these projects will ends,if they have potentials or not so thats why we need to have good mindset look for the future of each project.

jackolinyoko

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It is very imporant because if you dont have good experince and your mindset is too weak you wont get any success,you should look into the future of every investments you are doing so that you will have more chance of getting success,holders will always win and those people who will sell their coins early wont have good gains.

cryptobobo

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Of course it is very important mindset will dictate how will you play the investments you are joined to,most of the failed investors has weak mindset,and those who are very successful has a mindset which you cannot be read,they are always looking forward than the current investments,this will give them more chance of getting success in the future.

Buyingallcoinsz

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Having the right mindset and having the right skill set is integral to anybody success at crypto. Best part of it all, is that since the industry is fresh and new anybody can learn these skills and anybody can become a successful trader. Main reason why people aren't is because they think crypto is some get rick quick scheme and that couldn't be further from the truth. You need to have a lot of discipline, mainly in emotional and money management skills. And that is much easier said than done, in actual execution it is hard to not let our emotions get involved because we are human.

Ah that's a great one!

cryptonero

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Quote from: randomhumster on March 06, 2018, 03:00:27 PM

People with business background
They invest their money and time to their business and count only on themselves. They understand several important things:
- nothing valuable is given for free
- invested money doesn’t return immediately
- you always need to have a plan/strategy
This expirience and skills help a lot in crypto world. This knowledge always comes at a price and these people already learnt it before coming here.

This is the reason why the big players are always making success compare to an average people,mindset is very important in every investments that we are taking,because these average people always wants to have an easy money compare to these people who knows some business marketing,which will look into the future expectations.

boyjackyou

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Good mindset will always have good outcome,those people who doesnt have good plans in their life will surely wont get their goals easily.Im sure not all of the people are thinking the same but a business minded personl will always have an advantage to the people who are typically doesnt know any business background.

Bit Tuka

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Learning to plan and to decide things properly plays a gery great role in the world of cryptocurrency. It enables you to do tough decisions and long term planning makes things work.

G14tz87

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In an innovation training, a trainer gives an idea of the mindset, innovation and experience of an event that could happen in crypto.

cryptopussies

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Nothing in this world can achieve that so easy,we need to work hard so that the efforts will be paid someday when the cryptocurrencies reach its full potential it would be better for us to do everything we can until there are still hype in our community.Cryptocurrencies could really become our new money in the future,digital money makes our life easier that is why we should stick with crypto.

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legendary

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Quote from: randomhumster on March 13, 2018, 03:48:41 PM

Quote from: electronicash on March 13, 2018, 02:15:40 AM

i'm just one of the average people and I don't have any business background except that i treat my job as a business that I work for someone loyally and industriously that i kept him earning more than i could have. while i also invest in cryptocurrencies, i have my own dreams to fulfill as well.

those average people sure does have their own dreams of becoming millionaires and i guess btc is the first thing that comes in mind after learning people got rich because of it.

You sir, have a very good attitude. Some people I know (and work with) never do more than they are told to. They don't try to do their work better, they don't care. I can't imagine them in crypto. With this attitude they will loose everything.

Having a very limited amount of emotions when investing is going to allow you to get money. Work hard after researching the project that you are in.

randomhumster

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Quote from: electronicash on March 13, 2018, 02:15:40 AM

i'm just one of the average people and I don't have any business background except that i treat my job as a business that I work for someone loyally and industriously that i kept him earning more than i could have. while i also invest in cryptocurrencies, i have my own dreams to fulfill as well.

those average people sure does have their own dreams of becoming millionaires and i guess btc is the first thing that comes in mind after learning people got rich because of it.

You sir, have a very good attitude. Some people I know (and work with) never do more than they are told to. They don't try to do their work better, they don't care. I can't imagine them in crypto. With this attitude they will loose everything.

electronicash

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i'm just one of the average people and I don't have any business background except that i treat my job as a business that I work for someone loyally and industriously that i kept him earning more than i could have. while i also invest in cryptocurrencies, i have my own dreams to fulfill as well.

those average people sure does have their own dreams of becoming millionaires and i guess btc is the first thing that comes in mind after learning people got rich because of it.

SoulEaterRR

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Everything is important and experience and knowledge, without knowledge it is impossible to gain experience. And experience is gained over the years sometimes at the cost of one's own mistakes. Many ICO now recruit inexperienced developers and it turns out that everything seems to be good, and inexperience leads to stagnation. It is difficult but necessary for everyone who is here.

tonmoycrypto

newbie

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offcourse if you have a positive mindset in individual coin where you put your money thats good sign for every investor . I personally not day trader i do collect lots of data and knowledge when i chose any single coin to invest my money . so i think crypto market is depends of lots of factor everyone should be learn first then deal with crypto .

andrei56

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Quote from: randomhumster on March 08, 2018, 11:21:46 AM

Quote from: explosion on March 07, 2018, 12:47:04 PM

Speaking about altcoins trading, I agree, there should be some background and experience. For example, one should at least have heard about Forex schemes. And mindset matters as well - as it does everywhere. The conclusion I can make, trading is not for everyone and not for average people.

Sometimes not only traiding, but also investment at all. People who see crypto as magic trick that will make them rich amy also fail easily. we saw so many investing on hype at $19k and then dumping it mid january as it was going down. everyone needs to learn to maintain portfolio.

This not only happens with bitcoin many people invest in stocks thinking they are going to become millionaires by just investing in the right stock if the story sounds similar to what happens in bitcoin it is because it's the same story, people invest in bitcoin thinking they will get easy and fast profits but those that got the best profits are the ones that have invested for a long period of time and that have held their coins.

randomhumster

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Quote from: Treshkilling on March 09, 2018, 04:15:48 AM

I agree with you, experience in business and investment greatly helps in the cryptocurrency market. But I'm not one of those people. I'm just a regular guy who decided to do it. Realizing that I do not have the necessary knowledge and skills, I joined the team, paid for their training and insight, and now began to understand this area. Help more books, not necessarily about the cryptocurrency, and about the business, it is important to properly configure your thinking in the first place, good luck to all in the endeavors)

Smart move! Getting expirience and educating yourself helps in any area. But when you joined, did you have this in mind, orlearnt it the hard way?

Treshkilling

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I agree with you, experience in business and investment greatly helps in the cryptocurrency market. But I'm not one of those people. I'm just a regular guy who decided to do it. Realizing that I do not have the necessary knowledge and skills, I joined the team, paid for their training and insight, and now began to understand this area. Help more books, not necessarily about the cryptocurrency, and about the business, it is important to properly configure your thinking in the first place, good luck to all in the endeavors)

rommelzkie

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I am a forex trader and a small time buy and sell guy in our city. These are my personal experience before i jump in on trading crypto and joining ICO. My past experience helps me a lot on trading. However, I do have losing trades. As of the moment i am - 50% loss in one of my Altcoin. I dont want to sell it because i know that it will go back to normal price in the future.

And now i am looking for good crypto to buy again.

randomhumster

jr. member

Activity: 97

Merit: 6

One my friend who bought bicoin for $16k sold it today with a huge loss. He said crypto is not what he expected and there is no way to profit from it. I take it as a confirmation of mu thoughts.

Topic: Mindset and personal expirience, how important is it in crypto? - page 2. (Read 562 times)