Bitcoin Forum

Why are so many people losing so much money in the coinage, or are they going to raise money to do it on it? It is clear that in this high-yielding and high-risk market, it is highly addictive. It's not just games and X products that can be addictive. It's also very addictive, like investing in coinage. A lot of people, whether they win money or lose money on this investment, have the mentality that they want to win more when they win, when they lose money, they want to win back. And the moment is staring at the dish, the tea is not thinking. Of course, there will be such a person on the coin, and it is easy to be addicted to it under the temptation of huge profits. Such people have not strong inner control, and many times are just for the thrill of winning money, but people with this mentality are generally the ones who lose money. So, in any case, be rational and control yourself?

And this reasoning is another vote for crypto being more a gamble game than investment. Even less a currency?

Ok, let's not go overboard with this. It is just natural for people to expect high returns on their investment. If you have ever bought a car or some other asset, you will want to sell it for the highest profit to make some good returns on your investment. You are not gambling when you buy and sell assets or stocks or any other commodity.

Bitcoin is no different than any other currency or commodity and the people trading in Bitcoin is the same people who are buying and selling cars and Gold and all those financial instruments on the financial markets.

in terms of investment you need to check the ICO very well and also go through the road map before you will invest in, secondly many projects are successful based on number of supporters.

It is the nature of man that he needs more and more. He is not satisfied with his profits. The more he earns and profits, his ego is not haapy with them. That's why many people lose their investment. Do not let your ego get in the way of your progress.

self control is a great quality of a person not just earning money at any field of life it can work positively so people must build it before doing any kind of work......

Not control, risk all, life is too short for control guys ;)

Bitcoin will turn into a gambling game if you leap into it and expects a quick profit. "The rise of the price does not mean turning into an investment."
If you know what you are doing and have definite plans, it will turn into a Bitcoin investment tool, otherwise, it just makes it possible for you to remit money at meager fees.
When you hear stories like a pizza man it comes to your mind that it is easy to make a profit, so control yourself

Is is still safe to jump in? Looks like all the hype around bitcoin died down..

self control is very tough when we fall in trouble but that time we should keep in self control. Self controlling becomes happiness. It is a property of human life which help to go to heaven. Life runs with problem. Where there is self control, there is a success. It has to eran by try. It is the symbol of happiness. Everybody sould try to do it. I have self control on mine. But,  sometimes I lost of my self control,  that time I try to cool my mind,  and more try to stay normal. This incident hardly happen. I know that self controlling is gifted by creator. It has into everyone, difference that somebody it express & another do not.

Self control in a very important trait, also it's very important to have an aim, develop a strategy and stick to what's working for you.

This state is not sustainable. Not so many fools will be fooled, and not many people can always make money through one method. Everyone will learn from failure and will be deceived the next time.

IF you are impatience in the cryptocurrency market you will lose a lot of money. Expecting a quick return on your investment can lead you to make decision which will not be in the interest of helping you make maximum benefit from your coins.

study first

I’ll take a compromise position. Sure, it’s important to control yourself. At the same time there is no gain without risk.
So the truth is somewhere at the middle: risk is necessary step on way to profit, but it need to be managed with a good strategy and self-control.

i am trying "control" but there is still a downtrend and my money are running out from me :D

In times like this when the market has dropped, the best course of action is to take no action at all!

Ride the storm out rather than jump from coin to coin. It also helps if you have your money in decent coins/projects too, as with shitcoins there's less chance of bouncing back up. (in my opinion)