carlfebz2
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April 09, 2019, 12:12:16 PM |
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Successful investors stay calm when the market is going down, and thinks logically instead of involving their emotion. A good example is those how have FOMO during the market rush in 2017. This didn't think logically, but continue to be an "irrational buyer', and we all know what happened to them. And set your goals, if not then your decision will also be on the ups and downs.
There are days you want to sell, even if you didn't really the money. But if you have goals then you can clearly focus on it so emotions is out of the equations. Of course all investors, one time or another have suffered loses as well, don't let this losses affect you negatively, but use it as your inspiration so that you can reach your goals.
Mistakes that causes loss of money is really inevitable on this market as a trader or investor.Yeah, you are right that these things should not be hindrance for you to proceed on what you are doing. Successful investors do have that kind of mentality on following up their goals and limits. This do require strong discipline and versatility on possible kind of situation to be faced ahead.
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jjjfff
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Crypto.BI
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April 09, 2019, 12:13:13 PM |
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Statistically in the long run most famous speculators end up broke.
Unless you do the Warren Buffett type of thing where you keep buying in the long run (what we call hodl) then if you're trying to guess market movements you'll either end up broke or even.
That's what statistics say. The most famous traders in history hit some homeruns which made them famous but in the long run they ended up broke.
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incomefromcoins
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April 09, 2019, 01:32:19 PM |
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controlling of emotions and investing when market is complete downtrend and moreover studying the fundamental of the coins is important for successful investor
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traderethereum
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April 09, 2019, 01:47:57 PM |
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Selling or buying investments ? As a bitcoin trader the hardest decision that we can ever take is , selling our beloved cryptocurrency and this is preety hard because of :-
1. Our emotions 2. Our lack of knowledge 3. Hope !
Selling and buying investment will be a good idea for traders and investor because that will gives us a chance to make a profit from cryptocurrency. But yes, that will need control of our emotion, and we need to add more information to find the right coins and then we need to hope that what we buy can increase in the future. The investors need to have a source to search the information so they can decide to invest or not.
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TheUltraElite
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Take good care of your parents!
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April 09, 2019, 02:15:55 PM |
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Good investors that are successful are not made in a day they have to master the art of discipline, patient and learning from one's mistakes. Good investors know when to cut losses we cannot make a profit all the time. There are times that a trader makes lose but reducing is what matter most.
In the first place they are just investors or small time investment bankers. Thats where they rose from. With trading stocks and commodities gradually moving the precious metals and now cryptocurrencies. Although crypto is a new sphere to them some like it while other dont. I dont think calling some good or bad is our job to do. We should not judge someone like that but rather see what mistakes people have made and search methods not to make them ourselves. In my opinion that is what makes us "good", or rather "better" than others. Skill development has a different importance altogether in trading and investing and being good in that will help us in the long run.
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yulchatar
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April 09, 2019, 06:10:09 PM |
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Sometimes it's very difficult to cope with emotions because we are all living people with our feelings and emotions. But I agree with you that it's necessary to try to turn on a cold head and a sober mind and not regret selling some kind of coin, even if after that it went into growth.
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DoublerHunter
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April 09, 2019, 06:51:51 PM |
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Being a good investor in cryptocurrency, we must have good research on what coins we are going to pick as an investment. In this case, it is really to decide on your own because of having a barrier itself and that is an emotion and being afraid to get a loss. Investors must have good timing and of course, it must courageous to commit decisions. One thing that can good investors have didn't listen to any FUD news.
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GregH37
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April 09, 2019, 09:02:30 PM |
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Mistakes that causes loss of money is really inevitable on this market as a trader or investor.Yeah, you are right that these things should not be hindrance for you to proceed on what you are doing. Successful investors do have that kind of mentality on following up their goals and limits. This do require strong discipline and versatility on possible kind of situation to be faced ahead.
Uuhm… I don’t really think so. If you really know how this works and you can analyze the market perfectly, all those things can be avoided earlier. There are people who never take their time to know where the market is heading, they just go straight into it with hope they will make profit, but it doesn’t work like that. You should take your time and study the market before you do anything. someone has truly said “the investment market takes money from the hasty one and gives it to the patient one”
Facing all the tests for our patience and then conquering in those all tests will definitely make anyone as a good investor for sure.
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DAVETUN
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Bitcoin is the currency of this age
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April 09, 2019, 09:45:52 PM |
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You are a good investor when you separate emotion,from you investor and ensure your decision is base on fundamentals guiding the project and the team involve, also ensure you take profit at every stage and not wait for unrealistic speculations.
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PlusOne88
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“Tackling Climate Change Using Blockchain”
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April 09, 2019, 11:14:11 PM |
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What keeps emotions blocking your way is the fact that you are afraid to lose what you have. The other idea in connection to these is that the money you have invested is quite huge for you. Take these things out and you could wait without emotions holding you back even for a century because you are not afraid to lose your money. Perhaps do not start when your capital is very big. Start with a small investment that you are not aftaid to lose.
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1Referee
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April 09, 2019, 11:59:10 PM |
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Statistically in the long run most famous speculators end up broke.
Unless you do the Warren Buffett type of thing where you keep buying in the long run (what we call hodl) then if you're trying to guess market movements you'll either end up broke or even.
Warren Buffett is a value investor who buys anything that has long term fundamental growth value, where the dividend aspect is very important too. In the long term most of the companies he invested in did extremely well, so if you add the income through dividends, it's all increasing in value alongside his main investments. 5% dividends become 10-15-20% dividends value wise. I respect him a lot for his passive yet very effective way of investing. He shits on Bitcoin and Gold because these assets don't produce anything, therefore are completely useless to him. The main reason he is so outspoken against Bitcoin comes from the fact that reporters are out to make him say harsh things, because that generates views/clicks. My target in the very long term is to follow the Buffett route, but for now I prefer to expose myself to more risk with how Bitcoin is still in its infancy. We reached insane price levels with very little adoption, so imagine what will happen with the price when we do have a solid level of adoption focused on currency use and store of value.
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shesheboy
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April 10, 2019, 12:51:32 AM |
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What keeps emotions blocking your way is the fact that you are afraid to lose what you have. The other idea in connection to these is that the money you have invested is quite huge for you. Take these things out and you could wait without emotions holding you back even for a century because you are not afraid to lose your money. Perhaps do not start when your capital is very big. Start with a small investment that you are not aftaid to lose.
im an invesor and i only invest what can i afford to loose but i cant deny the fact that im still worrying about my investments . i guess its normal for a human nature to to be emotional and feel woried at all times most especially if that is about money talks or money related matters . what only makes a person a good investor is his investment choices . he must posses a good knowledge and skills so that he can win his trades more effectively .
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waynechong1995
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swing!
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April 10, 2019, 12:52:17 AM |
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It's always a test against yourself and well I believe you can't beat the market, but humans do, yet it doesn't play a too major part in crypto as trading style could be predetermined and precise like by bots, good investor should really sensitive on the market and position, assessing once in awhile but maintaining a good position, a good position is so important imagine shorting bitcoin over a period after the drop is basically experiencing market boom
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Kimonoe
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April 10, 2019, 02:09:46 AM |
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What keeps emotions blocking your way is the fact that you are afraid to lose what you have. The other idea in connection to these is that the money you have invested is quite huge for you. Take these things out and you could wait without emotions holding you back even for a century because you are not afraid to lose your money. Perhaps do not start when your capital is very big. Start with a small investment that you are not aftaid to lose.
im an invesor and i only invest what can i afford to loose but i cant deny the fact that im still worrying about my investments . i guess its normal for a human nature to to be emotional and feel woried at all times most especially if that is about money talks or money related matters . what only makes a person a good investor is his investment choices . he must posses a good knowledge and skills so that he can win his trades more effectively . right, the prediction of the market going forward, supported by various reasons, I think is the main requirement for choosing an investment. besides that discipline and mentality to stay on the path of analysis will be a challenge
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Ailmand
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April 10, 2019, 03:48:08 AM |
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Upon entering cryptocurrency, we should all know how to handle our emotions. It what makes every traders and investor strong. If we can't handle our emotions, we can't deal we the changes in the market. It will take a lot of courage for you to surpass the challenges as an investor because holding would take a lot of journey in here.
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Malsetid
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April 10, 2019, 04:00:52 AM |
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Upon entering cryptocurrency, we should all know how to handle our emotions. It what makes every traders and investor strong. If we can't handle our emotions, we can't deal we the changes in the market. It will take a lot of courage for you to surpass the challenges as an investor because holding would take a lot of journey in here.
I think that's a prerequisite if you're trying to be an investor though having emotional control can be developed over time with trades you make. Gathering experiences and knowledge is also as important as having emotional control so consistently exposing yourself to the maket helps a lot.
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coin-investor
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April 10, 2019, 04:57:48 AM |
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Buying and selling are part of the investment strategy, the worst thing that could happen to you is when you do not when is the right to buy and when is the right time to sell you should first educate yourself before plunging in any investment that requires you to buy and sell at the right time.
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ausbit
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April 10, 2019, 06:41:52 PM |
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the prediction of the market going forward, supported by various reasons, I think is the main requirement for choosing an investment. besides that discipline and mentality to stay on the path of analysis will be a challenge
Anyone you ask would just say that the reason for the market to be going down is because people are selling their coins and I think that is true. If there are other reasons that can cause the market to go down or up, then I don’t know what they are. Analysis even are not always accurate, just like they have been saying that the price will go up last year but it never did. I think what’s important is taking into account every single detail in the market regarding our investment and at the same time emotionally detaching our minds and making stable decisions and that’s what makes a investor successful.
This is the reason, always long term investment is good. And if you want to go for a long term investment you should have the knowledge about cryptocurrency and study the price and know what’s likely to happen for as long as you planned to leave your money in it. After that you can invest a little amount and hodl it for a long term while you wait for the price to increase and you can make profit.
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mersal
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April 10, 2019, 07:31:07 PM |
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A good investor must be confident it will be the most important thing that a person that have to invest and get a profit for his investment in the future for this we need lots of hope and trust with our investment then only it will happen.
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playboy654
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April 10, 2019, 07:58:19 PM |
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I think you are right without these qualities we don't have the possibility of making the profit for our investment because we are invested here without any trust but the hope will make you to stay stronger here in this field.
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