Topic: My Advices On How to Handle Failures (Read 365 times)

When i was new to this forum then never have thought that would spend so much time here and have setup the account on one my friends suggestions to learn about bitcoin basics but slowly when i spent time over here then i realised this is the most knowledgeable and useful forum where we can enter as a newbie but if we are dedicated we can learn so much.The thing is we all make mistakes and same happened with me that i sometimes post that was not correct or understand them in different way but the guidance of high rank and experienced members was there who tells what is right.

The best to survive and grow on forum is your dedication and passion to learn about various things on which we should focus which will eventually be highlighted in our post quality because when we have knowledge about something we can explain it a better way.

Learning from your mistakes and how to tackle various problems is the key to become experienced memeber like what will happen if you quit? You will gain nothing but if you remain constant you will surely gain enough knowledge to help others also.

So nice topic to bring up 

You have been also the same member who helps lot of members to correct their mistakes as newbie or high rank members so that they don't repeat it again and survive on the forum.So thanks for it and you are well recognised member of forum and good to hear that you made the best decision not to leave the forum early.

Never be in a hurry to make decisions, relax, take your time and go through what ever you want to do

Never allow your mistakes to weigh you down instead take it as your step to success.

Always learn from your mistakes because experience is the best teacher.

There's always a chance to bounce back, but it will always depend on how you handle your emotion so better to stay positive and think for a better way to learn from your mistakes.

I honestly used to this kind of scenario before, but I can't stop myself from thinking about the mistakes even if I try to make myself busy, so I guess the best way to handle those failure and mistakes is to accept it, and continue to move forward instead of escaping it, well it worked for me I don't know if it can work to other as well.

As comes of the crypto market, one of the struggles of the newbie or newcomers it what they should do where do they start. At that point you need someone to help you as an introduction, I experience that but the bitcoin talk serves as a guide to the things I need to know what is the possible risk and what is thing need to avoid after that i found up my self makes an improvement and share those things to other people too so they will know how to make it where I'm currently now. Failure and loss if assets is part of the market so if you think there a mistake why make it happen to learn from it knowledge is the most essential part to make a progress.

I send you a cyber hug. Take it easy. It hasn't been easy on any front, to tell you the truth. I think the issue will be that you're either investing in alts and they're turning shitcoins or you're buying Bitcoin at the top. However, don't panic if you're into Bitcoin and your portfolio is down now. At the present level, it's resting on support and I hope it doesn't break it. Hopefully, it reverts from here and goes up. You may want to buy more at this level to average out. It's sitting at $40,400 ATM.

How will having a mentor make someone to repeat a mentor's mistake? Isn't the mentor going to let them know how to avoid such mistakes that they (mentor) have already made?

Failure is part of human success, so, failure doesn't mean have ended everything in your life. It is for another starting point in life. Nobody is an high land. Everyone has fallen from one thing to another.

Also learning from the mistakes of others is also a way how to handle failure no matter the level one maybe,  no one is expected to be perfect In everything. Learning from the mistakes of others in the forum and in the cryptocurrency world should been taking as a serious lesson that can help to avoid so many ugly situations. I think learning from the mistakes of others makes the journey to be easier , it is a way opener.

LOL, there's really nothing to regret, self-correction is better than having to regret failure.
BTC >Games >Sleep >repeat

You should have added something very technical but important:
Learn to work SMART not HARD.
We all understand that hard work pays but that's if you choose to toil hard; are the not people that are doing less jobs and getting more pay? This is all about your IQ I mean to say', you don't need to kill yourself with going around to extract content from what people write about; you can always develop yours just byost of your misconceptions or fore-knowledge, you get my point? I'm saying this cus someone was asking me privately...Please mate, what should I post on the forum? I have made 2 post and I dunno what else to write about... Then I came back to myself and I recalled that no one helped me to post anything; I only troll the whole forum, looking for what's campartible with my brain and I wrote the little I knew..Please, let's not look at these whole scenerio like a storm in the day time... If I sailed through that stage, then you can.

The third point you mentioned about setting up the goal should be set up the goal, work real hard in silence and let the success make the noise. The point mentioned is very valid but striving and working hard and being consistent for the goal is what is needed the most.
People set up goals and make their mind. But sometime a good idea is not executed because they listen to their friends and people around who put them down rather than helping.  Sotochi is real example who is anonymous to people but the vision will stay forever.

Great post OP, but don't an advice is that as much as you keep up with trends, you shouldn't always be in a hurry to invest in them to avoid more costly mistakes, some trends turn out to just be hypes.


Don't always look towards learning from your own mistakes as well, the mistakes may be too costly, you may not survive. I'd rather say instead of looking to learn from your own mistakes, you should look to learn from the mistakes and experience of others, so you don't make same mistakes at all.

You are right that's why I only sleep and play video games, no time for regrets 

Good advice, the crypto market can't go our way, there are times when it goes up and down and that's what makes a lot of people fail. If we have decided to enter the crypto world, the risks involved must be accepted whether it is failure or loss. What is certain is that everything we do must be done properly to avoid losses because the profit or loss that will be obtained depends on how we manage the assets that we have in trading or investing. Don't be in a hurry and want a quick profit, everything needs a process and also mature skills so it does take time.

I quite disagree with this statement the bolded part above.
Newbies or even a high rank are equal and no need to keep your feet on the ground if you're a newbie, as long as you followed the rules you can interact with any discussion you want as long as it is relevant to the topic.  We're here in equal treatment.  I remember before calling the word "Sir" was forbidden because we're all here the same member and rank don't matter, just respect to each other.

All input was good advice, thanks for inspiring newbies and I like being open-minded newbies.

When you're the shy type, you barely going to get a mentor.

But in this digital age, what's good in a forum like this, everyone is going to be your mentor. And that's the beauty of this community. Well, if you have someone as your mentor, they really are going to work if you're still unfamiliar with the market.

They'll guide to have you invest into the good coins and if they're telling you something that you're not comfortable to invest with, you should always be curious as to why it has been suggested to you by mentor and try to question him why it's being suggested.

The only way forward is learning from your mistakes, the road to success is always bumpy and never smooth, I'm not surprised when ever failure occurs it's always part of the process I always say to myself, just make sure you learn from it that's the most important part.

Regardless of what else you wrote in this post if you can master then principle then nothing can beat you in crypto trading rather in any format of life. Life is continuous learning process and learning comes from mistakes we made in life.
Its very well said that, "To make a mistake is not a mistake but to repeat a mistake is a mistake".

How long does the distraction last??
It's temporary if I must say, and after that you still fall into deep thought or even depression, I'll rather suggest you device a more permanent means to get back on your feet after encountering a lose, it's not easy but it's possible.

after the video game ends, it will be reminded of the failure that has occurred before.
Sometimes I do that too, by playing games and also thinking about how to overcome these failures so they don't happen again. There must be a better development. rather than just playing the game without getting a problem solved.
Invest what you can afford and learn the knowledge that is really needed and do management well.

There are two (2) approaches to failure: either you quit or you continue and learn from your mistake.

While this is easier said than done, most people have chosen to quit especially if they are unexperienced in this kind of field. Unfortunately, quitting is somehow the easier option based on them. But if you truly understand the kind of investment you entered into, no matter how many times you fail, you will strive to at least recover your losses. This is a normal occurrence in the cryptocurrency sphere especially that we deal with volatile investments.