Some clever ideas for your success!

[krenus]

The 1st principle: never lose your money.
The 2nd principle: look for opportunities and avoid big risks. Return must be greater than risk.
The 3rd principle: pay taxes.
The 4th principle: create a diversified portfolio:
various classes of assets, investments in each class of assets, investments in different markets, countries, and currencies + it's necessary to distribute investments in time.

Remember that there's no ideal time for investments. However, if you regularly invest in different assets,  you'll reduce the risk and increase the return in the long term.

6 main mistakes causing to fail:
1) Subjectivity in perception.
2) The belief that today's trend will last forever. Today's winners are tomorrow's losers!
3) Overconfidence in your knowledge and skills.
4) Greed, impatience, passion.
5) Geographic limitation.
6) Negative mood and the fear of losing. As we all know, people remember a bad experience much better than a positive one. We're afraid of losing money and lose it, in the end, because of our wrong actions.
Money is emotions, and we should be positive. If you don't control your brain - it will control you!
80% of our success is our psychological mood and the rest 20% depends on instruments and methods. Stop set yourself up for failure!
Of course, I understand that you won't become rich and successful quickly after reading my post. But I want you to focus on the positive!

Tell me, please, what kind of methods of psychological training you use? Thnx!

nice of you to suggest it! i guess our mindset matters a lot when it comes to any field where we want success and your rules include some deep psychological aspects, even subconscious related. great!

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[Cooper Bolton]

Well, these are really pretty good suggestion, especially the ones never to lose money and not to go for big. But the main point here is to remain cautious,whether the investment is big or small, not it just jump in anywhere just because it's intriguing, also not to enter in every sites cause the scammers are everywhere.

[Eleven86]

Well the real success was achieved by those people's who started investing when BTC was founded, they never thought about the risk. They were hopeful that one day it will be more and more popular, their patience gave them a loads of happiness as BTC was over the moon last year.

[LSt56]

indeed, some of the things you reveal look very easy to do, especially for those who are used to underestimating everything. Come on, we all don't just see how short a suggestion and writing are, but we also have to know the essence of the message and it will be very difficult to do. So in essence we must be able to control ourselves from the qualities that can make us lose.

[mohammedmattar]

The 1st principle: never lose your money.
The 2nd principle: look for opportunities and avoid big risks. Return must be greater than risk.
The 3rd principle: pay taxes.
The 4th principle: create a diversified portfolio:
various classes of assets, investments in each class of assets, investments in different markets, countries, and currencies + it's necessary to distribute investments in time.

Remember that there's no ideal time for investments. However, if you regularly invest in different assets,  you'll reduce the risk and increase the return in the long term.

6 main mistakes causing to fail:
1) Subjectivity in perception.
2) The belief that today's trend will last forever. Today's winners are tomorrow's losers!
3) Overconfidence in your knowledge and skills.
4) Greed, impatience, passion.
5) Geographic limitation.
6) Negative mood and the fear of losing. As we all know, people remember a bad experience much better than a positive one. We're afraid of losing money and lose it, in the end, because of our wrong actions.
Money is emotions, and we should be positive. If you don't control your brain - it will control you!
80% of our success is our psychological mood and the rest 20% depends on instruments and methods. Stop set yourself up for failure!
Of course, I understand that you won't become rich and successful quickly after reading my post. But I want you to focus on the positive!

Tell me, please, what kind of methods of psychological training you use? Thnx!

Very helpful tips
Some of them I know and do
Some have just learned
The utmost importance of learning and patience and not rushing
Thanks for the expensive tips.

[louie69]

I definitely agree with OP's information on the approach regarding the principles she had shared to the community and I think it is very useful to the people in this community.I think what is important is that when you invest cryptocurrency, just see to it that you were able to study the market trend of such coin. I you think the trend is good enough then you may start to invest and also, you need to consider other options and not just rely in one coin only.

[Nastinmel]

Thank you very much for such a wonderful compilation! Much of this is very close to me. The things are obvious, of course, but they really work, that's what my own experience shows!

[Biscutard]

I used all of your ideas during trading and holding, it does help me a lot when i can't think properly because of too much stress of looking at the market that your portfolio doesn't even move for a good profit. And yes, patience is the only key to success that's why i am trying to control myself when i'm almost going to lose it.

[CryptoToxicAvenger]

You have indicated important points. I agree with you. I would also advise you to learn how to filter the news about the coin and not to panic. Some news, just to induce panic and to weed out people. Therefore, we must always be on the alert and analyze the situation well.

[nwanne]

Today's winners are tomorrow's losers!

I love this quote though it goes in reverse because Today's losers could be Tomorrow winners that got to show that in cryptos nothing is steady, take the best decision you can today and never regret your decisions because no one can predict the crypto market, also always take your profit whenever you see them no matter how small it is, always bear in that what ever goes up will surely come down. that's crypto market for you.

[nelson4lov]

Just went through the thread. I'd like to say thanks to OP for making a meaningful and helpful post as this. Even though they're not much, I'm sure these tips would come in handy for me. If not now, in the near future. For instance, greed is a major cause of loss experienced by some crypto investors and traders. If we can get it under control, we should do just fine. Overall, Thanks for the tips!

[louisBSAS]

Well, these are really pretty good suggestion, especially the ones never to lose money and not to go for big. But the main point here is to remain cautious,whether the investment is big or small, not it just jump in anywhere just because it's intriguing, also not to enter in every sites cause the scammers are everywhere.

These principles are known to all smart people who earn on cryptocurrencies. But for beginners, they can be useful.

[Bakugan]

The 1st principle: never lose your money.
The 2nd principle: look for opportunities and avoid big risks. Return must be greater than risk.
The 3rd principle: pay taxes.
The 4th principle: create a diversified portfolio:
various classes of assets, investments in each class of assets, investments in different markets, countries, and currencies + it's necessary to distribute investments in time.

Remember that there's no ideal time for investments. However, if you regularly invest in different assets,  you'll reduce the risk and increase the return in the long term.

6 main mistakes causing to fail:
1) Subjectivity in perception.
2) The belief that today's trend will last forever. Today's winners are tomorrow's losers!
3) Overconfidence in your knowledge and skills.
4) Greed, impatience, passion.
5) Geographic limitation.
6) Negative mood and the fear of losing. As we all know, people remember a bad experience much better than a positive one. We're afraid of losing money and lose it, in the end, because of our wrong actions.
Money is emotions, and we should be positive. If you don't control your brain - it will control you!
80% of our success is our psychological mood and the rest 20% depends on instruments and methods. Stop set yourself up for failure!
Of course, I understand that you won't become rich and successful quickly after reading my post. But I want you to focus on the positive!

Tell me, please, what kind of methods of psychological training you use? Thnx!

Thank you for this , it helps me a lot. It makes me realize my mistakes before and I know that I can make decision wisely now. This is what beginners need rightnow when they feel hopeless. This add a knowledge on me because sometimes I feel like I cant achieve my objectives in crypto.

[fortelen]

many are not aware of the ability they have and this is what makes them fall in the loss. based solely on the limited knowledge but too confident in crypto even greedy. It results thus provide Boomerang worse for yourself and it's a lot to happen. many aspects that must be mastered in crypto and this will determine the outcome of this and sometimes forgotten.

[Supercrypt]

I lol at the first one. "never lose your money" Isn't that the truth, that is absolutely perfect. Yes never lose your money, if you do not lose your money than you gain more money and become rich, such an easy suggestion, why hasn't anyone think about that before I will never know.

Return should be bigger than the risk, that is another gold one, because risk is a calculate-able thing during trading and that is why you should calculate how much risk you are taking and how much the return will be and invest accordingly, these are all so obvious things of course. "Pay taxes" is of course the best one out of them, otherwise people are running away from government and not pay their taxes and walk away with it.

Even if they don't, eventually government wouldn't collect it anyway. These are really just econ 101 things that you should tell to kids at this point, everyone knows these things by heart, do they follow them or not ? Some do, some don't but even the ones who do not follow these rules still at least know about them.

[xuv500]

You have indicated important points. I agree with you. I would also advise you to learn how to filter the news about the coin and not to panic. Some news, just to induce panic and to weed out people. Therefore, we must always be on the alert and analyze the situation well.

Like you said the market looks scary and we are dependent on a bull run so that the market will gear up and turn hot. As the last quarter has started and still there is no change in CMC this makes everyone panic and lot of confusion goes either to sell it hodl. I will hodl in this tough situation I believe it will recover slowly and gear up again.

[Shatterlean22]

There is power in failure ,don't be too scared of failing because the more you fail the more you getting better in every angle ,failure is wining ,so just keep failing ,there is a big difference in theory and practical ,find your way yourselves so as to be a better person

[kyle999]

It's a good start up and good advice for some people invested lot of money in ico and get's scammed let's take a move on and find a good idea for putting our money in a good sense.

[missyqt29]

To me, the best idea is to practice the smallest things. I have read a lot of books on investing and theories to remember to invest in, but when I started investing, all the theories disappeared from my head. So my precious experience is to practice. wrong, fix, do not worry.

I think there is a one thing to summarize it all, in order to gain success in the cryptocurrency world, we should have one thing that we possess, and it is the will to continue our present condition. We should be consistent in our choices and we should be responsible about the consequences that is bound to our actions.

[jakiro.hovard]

In fact, there are many ideas, because today we see that the market is beginning to come to life, and the implementation of new ideas may seem very, very simple, the most important thing today is worthy awareness, and honesty is the most important thing.