Topic: which choice is more painful.... - page 3. (Read 334 times)

No, the second one is more painful because if you do nothing and play everything safe during your whole life, you'll achieve nothing and will be an ordinary guy with ordinary possibilities, among ordinary people and today we live in a time where money and fame means a lot, it's painful for an ordinary person to see how people have amazing life but you are in your 40s or 50s and still work at warehouse, hating every day for not trying something that would improve your life.

If I had to choose between first or second option, I would choose first because I know that if I take a risk and sadly lose, at least I'll gain some experience and life only gets better with experiences. I would love to quote Thomas Edison: I have not failed. I've just found 10,000 ways that won't work.

The experience I have seen, if you talk about business and economics, for me of course I will choose the safe path to start, even though there are a few obstacles or risks, but what I do will produce good economic value in the future.

The first point is not so beautiful for starting a business, it's the same as taking a risk but it's not certain, but the second point has a good meaning. Starting it, don't be surprised if those of you who open a business need time and slowly want to become a successful businessman, It's a natural law that we often see where those who do business using shortcuts to get rich quickly don't last long, but those who do it slowly but surely, that's life.

I feel that option number 1 is more painful, because we already believe that the risk we take is in accordance with our estimates and plans, but after taking the risk and trying to make it work, we actually experience a loss, it's like we're being played with by it. some people may feel that it's worth taking the risk and it's okay even if they end up losing, but i myself tend to prefer playing it safe, getting the plan to fail is a painful thing and it's better for me not to take the risk if I know that it will fail in the end.

Both I guess, but I wouldn't dwell with it, and you shouldn't so that you can move on with your life otherwise it will really be hard for you if you keep on thinking of the what if. Or maybe if you have experience it, why not go for it the next time so that you will see the results and not regretting any? And that is part of human life though, you failed or didn't risk because you are afraid on the unknown.

One thing I learn in my existence is that we fear of anything, we want our lives to be predictable and easy. But we have to get out of that comfort zone. And again, we will really don't know the outcome until we go and try it even if we are afraid of it.

Option 1 is definitely more painful. I'm totally OK with Option 2. I don't mind living with the "what if". Those "what ifs" probably would've been way different in reality than the picture, that I've projected in my mind. Your mind can lie to you in various ways. Being delusional and daydreaming about different "what ifs" is one of them.
I'm not a person, who takes big risks and I have a "fear of failure", which is a big problem, because it's normal to fail here and there in life.
What matters the most is recovering from your failures and learning your life lessons.
Anyway, I feel that this forum thread has little to do with economics and finance. OP, maybe you should move it to another forum.

Infact in this is life, sometimes we take risks that even the outcome is just the opposite of what we want and sometimes we make decisions of not taking that risk because of one not being sure of what would be the outcome  and at the end we regret for not taking risks, but the truth is that we just need to understand this is how life is. Their is no guarantee that every risk taken must come out just the way one wants and not everything that is being neglect or looked down that won't bring forth good.

Surely anything can happen even when we think the decision that have been taking is the best. Life is all about risk and whenever nothing good comes out from it, their is no need to be painc.

#2 i should say on which at the moment that you have missed out on making some big money or profits, then this is more painful rather than on seeing your money is lost on an investment decision. We do know that once you do missed out some golden opportunity on making up something big, then it will really be giving out that huge regret on which this might really that last up for a certain days or period of time, but there are those who are individual who do easily just simply moves on at the moment that they had made out some mistake like losing up a trade. Losing up money but you do know that you had taken up the risks or the chance of losing money on which this will be building up that kind of self confidence on which we do know that mistakes are really that our learning stones to become that more better. For me its really that totally devasting or does give out that kind of shit feeling when you do miss out on something bigger profit. This thing will really be that always be remembered and keeps on going or coming back into your mind and will be regretting that you should have put up money earlier into said position, but well whats done is done and it will really be that up to someone whether they would be just simply move on and continue on what they are doing or will be keeping on thinking about it. You wont really be able to move forward if you wont be doing something. This is why when you do have some loses or missed opportunities then the best way for you to have is to simply learn up with those set ups and apply it out at the time or moment that you had encountered it again. So it will be that up to you on how you gonna handle yourself on such situation.

Mate, I dont think you should ever put the concept of "regret" in your endeavors.

Trading itself is a risky game, not everyone will see good numbers, they will go this way market will go sideways, dont let that bother you.
Fix your goal, you are here to make profit, so buy at the low and hold it for as long as you can till the market goes up and sell it. This is the only thing that is going to be full proof in making money - time is the only thing which will bother you in this.

Taking risky steps in day trading - I would never recommend it, you will invariably be in a loss before you know it.

And at times, just buying BTC at the low is what becomes important, look at big picture.

All this is good only if you are not keeping bitcoin as the major source of income. You must have income/investment cushion for backup.

You have not mentioned what type of risks we are dealing with. I mean it is always better to have risk to reward ratio calculated beforehand.
If by risk you mean believing in a project which I have researched and I find it a worthy pursuit then it becomes the question of believeing myself. And if I cannot even believe myself  how can I live a peaceful life. So I will choose first option one in that scenario.
If by risk you mean that I have to gamble or go into complete dark where I have no idea about my chance, I will take second option.

humans make mistakes and it is almost impossible to completely eliminate them from life but for you what would be more painful

1. you take a risk but it ends in a loss or;
2. you play safe but after time you see that you could have made profit if you took that leap

the first one could be more painful because you lose some money after believing that you could have find success in engaging in a specific project but the second one could also be more painful because you will be plagued with what if's but at least you would not have lost some money you just simply did not gain anything

what decision would be harder to live with?