Topic: My Advices On How to Handle Failures - page 2. (Read 322 times)

Having a mentor is not bad per se, but I usually advise newbies not to have one during their beginning stage cause they will prolly not know how to handle things effectively, mind you that the network is decentralized, with privacy and anonymity being one very essential feature of the network, newbies are known to be naive about quite a lot things, from their security, to choosing coins to invest in, some newbies thus go on to leave all that in the hands of a 'mentor or expert' who in the long run either deceives such newbie for his own personal gain, or just outrightly perpetrates a scam.

Having said that, even if newbies are going to keep mentors, then they must understand the security protocols in the network, they should know that they can only seek advice from such person, and must carry out their own research, they also have to know that their seed phrase, private keys and other personal data should be private, even from such mentor. I usually prefer the sort of 'mentorship' one can get on Bitcointalk, it's not personal and you can learn a lot even with chatting with a user you admire, just learning through their posts and responses/replies to your questions and posts, and you'll acquire a whole lot.

I guess this is not about giving up, maybe its about having some good rest after the failure, and that means fixing yourself and trying again.

That's good to know that you really know how to handle stress, keep it up buddy.


Just like the stories of the most richest man in the world, they all have the same story of success, they came from nothing and now they have everything.

Life is full of chances and opportunities that you either take or let pass you by. You have to take the chances in life or you will not grow. Every chance or opportunity is an opportunity to learn and have the experience of doing something right or wrong. I used to make a lot of mistakes when I was younger. Because of my mistakes, I have learnt not to make them in the future. So I strongly recommend that you face your fears and take the chances of doing something you love or that you have been wanting to do. So keep trying, just have that little bit more courage, stick to your dream and never give up.

There is no definitive way to handle failures, and there is actually no definitive way to categorize what a failure is, as that is differently defined from person to person. The common denominator to all people is that failures are a part of life, that they happen more often than success, and that they should be considered as a learning tool. Only through trial and error has the human species been able to evolve (and every other species on earth) Your advice is solid and everyone should have that in mind.

Scripture, very good advice.
I think I read a story somewhere about the famous American inventor Edison.
He tried a hundred times to invent something and failed but he didn’t give up and in the end he succeeded.
Before crypto I also invested a lot of times in various projects and tried to make money on the Internet but without success.
The most important thing is to really learn from your mistakes, not give up and move on.

For forum related. There is no shame on admitting that you dis have mistakes or error. Everyone isnt perfect, and no one knows everything. If they mentioned or said something someone else thought wrong and in the end the guy proven wrong then thats perfectly fine. Admitying mistake isnt the end of the world.

Ive did so many past mistakes and every now and then I remembered it and change those that I did wrong.

Good compilation of notes which may help or motivates someone who is going through this situation. Apart from this I would like to add few

1. Learn what your need and how much risk you can take to reach the goals : because anyone can set their goals higher which isn't wrong but it is really possible for them to reach in certain time period is also important which depends on our current financial status so make short term and long term goals to reach.

2. Don't get manipulated : Most of the newbies commit this mistake they follow someone who is already rich and just do what they ask them to do but in reality it is going to benefit the manipulator not the users.

I just distract myself by playing video games 

That boosted you to keep trying and make yourself getting prepared for the incoming. We don't let these mistakes for us to think I quit, I'm a failure but rather make this a reason to work hard and as there is no sweet success if there are no failures and hardships. Responding to them in a positive way like smiling, keeping calm, and pretending to be okay is a way to easily find the best solution, and be thankful as well to the positive people who help us to understand and help us to stand despite these failures.

First time after a long while I'm seeing you write something encouraging, I'll merit you if I had some more..kudos
Well, it's imperative to have these pre-observations prior starting anything but since most of us are always in a hurry or greedy not to learn first, we always fall into the traps of mishappenings like this which will inquire us to sit back and learn what we were running from you see the point now?!
This is cool, why because very many newbies are gonna learn alot; "those ones that don't wanna fall a victim" . Aside from others, it also happened to me when I got registered to the forum:. I was tired of everything until I saw a part of a post that read thus; "sometimes you might get tired on the way, don't give up and remember the reason why you started" that kept me running until now .

Great post, congratulations!

But there's a thing I disagree with you about: having a mentor will teach you to repeat your mentor's mistakes. Learn, and do your own research.

But, most importantly, there are 2 things I'd like to add:

1. "Never invest what you can't lose". This may sound obvious, but lots of people hit the dirt on it.

2. Above all, be patient! A couple of days ago, I made a big mistake: I had 10 bucks (the minimum amount you can trade on Binance), and was itching to start doing something, so I went ahead and traded my BTC for XRP. Really, when I was waiting for the transaction to be confirmed, XRP price started falling. The last 3 days have been hell, as it kept on falling, until now it started going up. I'm far from earning any money yet, but at least I got my 10 bucks back, so now I can go back to BTC, or change to another coin. Won't do it though, I'll wait till Monday.

When it comes to failures related to the forum specifically, I agree. This is a forum, and human communication is important here. In my history of being on the forum, there were failures when there was a desire to quit everything. But only thanks to some people on the forum who constantly supported me, did I realize the beauty of this place. I am immensely grateful for this.
A note of yours is also essential: once you've received an error, you need to understand what to do so that it won't happen again. This applies to all life in general. Falling, we must be able to rise and become stronger.

In the crypto space, it is not all about to keep trying your luck and never give up. I bet you, you can keep trying and never get lucky. This space is all about skills and experience and then a little bit of luck.
If you don't have the right skills, you may not succeed at all.

It is better to give up sometimes, learn very well, then return and be successful.

"If you feel like giving up, remember the reason why are you here in the first place" - A quote from a close friend.

My crypto experience is been a roller coaster, sometimes its up but most of the time, its always going down.
Looks like I always have a bad day here, especially on losing some of my money with my investments and trading.
The life during this pandemic has been hard, losing your jobs and trying to find another one but ended up losing it again.
I almost give up, luckily I have a friends who always reminded to keep on trying, and don't lose hope.

Well, I tried to invest again in crypto market and try my luck here again and so far its getting better. I was able to buy at the bottom price and took some profit already, looks like the best experience in life is indeed came from a failure so I feel like I have the urge to share this to everyone, especially to beginners who still don't know the path to success but still here trying to learn things. I personally have the list to remember so I keep the pressure in me and it motivates me everyday, here's the list that you can also have.

1. Learn like never before - Cryptomarket is growing and almost every year there's a new trend, I'm too careless before about innovation and it cost me a lot of miss opportunity so this time, I'll me sure to study every trend, and will do my best to invest as much as possible because there's money on every new trend.

2. Learn from your mistakes - There's no perfect investors/traders, we all have commit mistakes but most of us failed to take advantage of those mistakes and quit easily so I highly encourage you not to give up easily if you lose money or commit mistakes, again learn from it and do better next time because there's always next time here.

3. Set up your Goal - This is very important, having your goal will take you the places that you really want to be and you will be more motivated. Always set up your goal, to keep yourself active and if you think you are still far from reality, that's ok because one day you'll reach your destination and that is because you never give up.

4. Have a mentor - I know its not easy to trust someone here, but I'm sure you have a friend that you can really talk about personal staff take care of those people because they can give you a good life lesson as well, and they will cheer you up every time you feel like giving up especially if you lose your confidence.

5. Be Thankful - What ever challenges you're into right now, always be thankful especially that you're alive everyday because that only means you still have the opportunity to correct things, to do better and to achieve your dreams so always be thankful.

These has been my realization after all the challenges I'm into in past couple of years, I know a lot more will come but I'm sure I am more than ready to face those challenges.

To all the beginners here, always do your best and do the right things, keep your feet on the ground because good things will come to you in the right time!  

Hardships and failures are preparing you for a brighter and greater things, keep moving!