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2081  Economy / Trading Discussion / Re: How I handle crypto regret on: September 07, 2018, 07:19:53 AM
Regret is an inevitable state of mind in crypto at one point or another:-

why didn't I buy that coin when it was $0.50?
why did I sell this coin early?
why didn't I take profits on the way up, only to see the value fall 50% in a market crash? (a lot of us in the last crash!)
why didn't I buy the dip?
why did I FOMO and buy at the ATH and now I'm holding an unrealised loss?
why didn't I buy more of this coin?
We're all going to make "mistakes" that lead to a feeling of regret and self-admonishment.

I have a couple of strategies here to help me dampen the feeling of regret.

1. I have to realise that regret is largely based on a "maximalist"/perfectionist mindset, which is both unrealistic and unhealthy. We are attached to the notion of maximising profits. But what would that involve? It would involve being the perfect, machine-like investor. Always buying low, selling at an ATH, taking profits at the perfect time. It's an impossible standard to live up to.

If I make a profit, I compare my profits to the stock market. If you do THAT, realise you're likely "killing it" even with a "modest" 100% gain (it's ridiculous even to put "modest" here). If you can make a 10% gain a YEAR in the stock market, that's considered a success.

Also realise that the maximalist attitude is largely shaped around only hearing one side of the story of other people's trades. People boast when they're winning, and they're quiet when they're losing. Therefore, you can start to think that everyone's doing incredibly well.

2. I can only compare myself to the other me who didn't get into cryptos at all. That's your baseline to compare to. There really is no other baseline. It's damaging and outright delusional to compare yourself to the "perfect you" that always bought at the exact bottom and sold at the exact top. That you does not exist. It's a damaging fantasy that always leads to you beating yourself up about not making the most optimal decision at each and every turn. Cryptos can quickly lose its fun if you think along those lines.

Are you in profit (as in cashed out your initial investment + profits in fiat)? Then you're winning - you're doing better than the other you that didn't bother with cryptos. Congratulations. You should extinguish any regret, and actually feel contentment at your achievement. Forget the "what ifs?" - you made a decision that has made you better off financially and you've learned a fair amount along the way.

Are you holding an unrealised loss? Then know that it's unrealised and while that can be stressful, you're doing well to hold on and you can be proud that you haven't sold yet. It won't fix the regret so easily, but you have the hope your unrealised loss can turn into a realised profit.

Are you actually making a realised loss in cryptos? Of course, this is the hardest situation of all. All you can do is see it as a lesson you paid for. Nothing is without value, and you will have learned something along the way. You gave something a try, and financially it didn't work out. You may not be out of the game, so you could be in profit in a few days or weeks' time. Or maybe you've just had enough. Fair play. Know that you're actually in a big group of people. Lots of people have faced your situation and come out the other side OK. I lost a fair amount of money in Forex a few years ago. I felt crap for a while, then I stopped feeling crap. Luckily, life moves on. Actually, without that experience with Forex, I doubt I would have found any interest in cryptos - and I have profited from cryptos much more than my Forex losses - so there is that. Plus, cryptos are a LOT more fun than Forex.

I know that everything above is purely based on financial regret, and the counterargument is that "there's more to cryptos than just making a profit" - but when it comes to regret, it's almost always about money.

Those regrets are super relevant to today's market and there are also useful points we can all read and associate with. Thanks for sharing.
2082  Alternate cryptocurrencies / Altcoin Discussion / Re: Where to get reliable bounties on: September 07, 2018, 07:16:59 AM
Bounties are not always that simple to find never mind reliable bounties. However, this forum usually is a place to get them as members who need people make a post about it. Similar, other websites forum might do the same.
2083  Economy / Trading Discussion / Re: How to overcome my fear and how to start trading? on: September 05, 2018, 09:30:34 AM
The only way to overcome your fears is by making mistakes. That's to mean, get out there with some extra mony and make little investments jut to experience how the market works.
2084  Other / Serious discussion / Re: Should I teach myself Python on: September 03, 2018, 10:47:09 PM
For me Python is great, its a relatively easy language to learn with many tutorials and materials online and free access. Plus, the code can be tailored to so many things.
2085  Alternate cryptocurrencies / Altcoin Discussion / Re: Why token pay for listing of exchangers on: September 03, 2018, 08:43:10 PM
Is it necessary for token or coin to pay huge amount of bitcoin or ethuruem  for it to be listed on Exchange...
Why exchangers charge millions of dollars to get a token listed on their exchange?
Yes, it is because when token get listed on the big exchange like Binance, Poloniex and Kucoin etc. the demand and supply of token make them get a high value of users in trading that makes the project expensive in the market exchange.
That's the business way of exchange, just like you are renting a space in the public market just to sell your product and you need more people for the possibility of higher returns income from your product.

That's absolutely right. Like you pointed out already, there is a great incentive to force your token on exchanges because the value of that token will can be inflated several times
2086  Bitcoin / Bitcoin Discussion / Re: Downsides to crypto on: September 03, 2018, 08:41:38 PM
I'm of the opinion that there can be plenty downside to crypto if one was to really look for all the negativity in this market. Sure, there are some such as high risks and low rewards but when it goes big it will be felt.
2087  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Altcoin to invest right now? on: September 02, 2018, 10:55:46 PM
All altcoins have a bit of a difficulty at the moment but without hesitation my take will be on Ethereum as a coin to put my money in as I think the coin will go miles.
2088  Economy / Trading Discussion / Re: How to make a profit with the dump of the price in the market? on: September 02, 2018, 10:53:54 PM
To make money during market dumps is hard because you have to be glued to your computer to track all the market changes. Nonetheless, its not impossible humans can do it and interestingly bots can it too.
2089  Economy / Trading Discussion / Re: Does auto trading bot make good profit ? on: August 30, 2018, 09:35:43 PM
It really depends on the thresholds you place on the bot for the different coins but if used meticulously I think gains can be made off bots.
2090  Alternate cryptocurrencies / Altcoin Discussion / Re: will bitcoin be the biggest off all or will ethereum taking over?? on: August 30, 2018, 09:34:22 PM
The way it looks now it seems that BTC will definitely stay as the main future coin followed by Ethereum but of course these things are never fixed in place.
2091  Economy / Trading Discussion / Re: Correlations are decreasing - what does it mean? on: August 29, 2018, 09:48:43 PM
I think, it hints at the fact that the market is not as easy to predict as it used to and now there are are many more variables that need to be accounted for.
2092  Alternate cryptocurrencies / Altcoin Discussion / Re: Blockchain technology is the future on: August 28, 2018, 08:45:31 PM
The main western countries are finding it harder to accept the blockchain technology because of the challenge it poses but those countries outside these borders are very much reacting the opposite and they should because it will benefit them.
2093  Alternate cryptocurrencies / Altcoin Discussion / Re: 80% of ICOs from 2017 were scams. on: August 28, 2018, 08:43:33 PM
I would be a little bit skeptic about the actual numbers. Nonetheless, the number is high and one must really be cautious when coming into contact with new ICOs because it can be very frustrating down the line.
2094  Other / Beginners & Help / Re: What to do with scammers on: August 28, 2018, 08:40:52 PM
Caution is key and it really helps to turn you into that analytic minded individual. Opportunities are everywhere and most of them will probably not be legit, better to do all the research possible.
2095  Bitcoin / Bitcoin Discussion / Re: Psychology when entering the Cryptocurrency market. on: August 28, 2018, 08:38:49 PM
Psychology applies to everyone not just those who have entered the market space of crypto because even those who know enough about the market, or supposedly so, can also fall into the mind motions.
2096  Bitcoin / Bitcoin Discussion / Re: Blockchain without Bitcoin, is it going to happen? on: August 26, 2018, 09:47:12 PM
Blockchain is central to Bitcoin, we know that, right? To the questions of whether Blockchain can survive without Bitcoin, I think it be possible in the future if Bitcoin was to become less of a market dominator, only time can tell.
2097  Bitcoin / Bitcoin Discussion / Re: Crypto is dangerous.... on: August 26, 2018, 09:43:37 PM
One thing is certain. Crypto is not successful for everyone, especially when you first start out. The crypto market is unstable and uncertain, but at the same time by assuming these risks, some can also make a good profit. Its all about learning and expanding.
2098  Alternate cryptocurrencies / Speculation (Altcoins) / Re: WHEN WILL WE BE OUT on: August 25, 2018, 09:44:25 PM
I think at the moment the market should show signs of recovery or at least flat line survival unless there'll be a big negative event coming down the line. In equal measure, one must just have hope - I suppose.
2099  Bitcoin / Bitcoin Discussion / Re: What do you suppose will happen when BTC loses it's dominance? on: August 25, 2018, 09:42:23 PM
Unlike, many of the people on here, I'm not excluding the possibility for an end market dominance of BTC and it that was to happen the next better coin will simply take its place.
2100  Economy / Trading Discussion / Re: Trading with regulated brokers? on: August 23, 2018, 10:28:51 PM
Lets face it, they will tell you to invest specific minimum amount to trade and once you do that then you will have the strict limit of trading and earning the profits. In this case you must be having profits equal to or more than what you have invested into them. This is the rule for the trading121 website and I am not sure about the etoro but the sites which I used were the strict one about their rules. Guess what, we should not be trying out them because they get our money and its our fault if we cant reach the profits and take out the money.

I agree with you, I don't see why people would accept some sort of control swift away from yourself. My hinge, personally, would be to not give in to any broker or any of the kind because you'd only lose money or worse get it all stolen from you. Just as a piece of warning.
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