Follow your mind!

[kentrolla]

Exactly, Many wonder it as a lottery but they need to understand this is entirely different. Borrowing money, lending for interest, loans etc guys kindly ignore it I am strictly against it because crypto is extremely risky, Invest with what you have and patience is key for making money here and obviously sharing opinions are valuable but make sure you invest according to your knowledge and mindset.

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[LogitechMouse]

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest

This will just be a mistake if you borrowed the money and then invest it into something that has a high risk like borrowing in money to invest in HYIP's or borrowing money to invest into a company that promises to give a guaranteed X% interest which is we know ending up being a scam.

Borrowing money and investing it into something that you're knowledgeable with is considered a good debt. You borrowed money and invested it into a business and you're a businessman then you know how to grow the money you borrowed.

2. Greedy expectations in reward

There is no benefits in becoming greedy. Learn to be contented in whatever you have especially in rewards.

3. Total reliance of people's opinion. Among many others.

This is where proper research comes in.
There is nothing wrong in asking to other people especially expert ones but relying on them is truly a bad mistake. At least make your own research.

[Gotumoot]

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.

I never tried the first one even if I think that the investment would really give me a huge profit I know the risk in investment so I wouldn't try to put other money at risk.
I wouldn't be honest if I would say that I didn't expect any reward in investment there are times that I would count my profit even if I don't even have it yet.
And for the third I never did rely on people's opinion that is why I am still here in crypto because right from the start I have so many friends and even family members who thinks that I am just wasting my time on crypto.

[gabbie2010]

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.

The most stupid decision for any investor to be taken is to borrow money for investment having read reviews, predictions from different sources like opinions however how reliable is their opinion? does the prediction or speculation has a proof to back up such an opinion? such an investment, of course its very risky to follow people's opinions verbatim without any personal research and findings, when such an investment failed automatically the investor becomes bankrupt.

[Mahdirakib]

I won't suggest anyone to invest in crypto with borrowed money. And I think not so much people do this. Taking other people decision might helpful but don't make your full investment plan base on other people's opinion. Listen to them who are experienced enough. Following mind choice isn't enough. Make your decision by observing and analyzing the crypto market.

[davis196]

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.

It seems to me that this forum topic should be in the Trading Discussion forum.
Investing your money based on other people's predictions and opinions is pure gambling.
I will have to correct you about something.It is NEVER good to listen to people's opinions.It doesn't matter how smart they sound.You should remember that opinion doesn't mean knowledge.
Like Lao Tsu said "If your life is based on what other people think about you,then you become their slave."
If we change "what other people think about you" with "what other people think about trading and investing",then you know what I mean.

[Alucard1]

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest

This is not totally bad if you have the money to pay it back even you lose from investment, but if you don't have then never loan just to invest, you know how risky investment is and there is no assurance that you may earn a lot of money from that so better to use your own money. Imagine if you lose from investment and you are still obliged to pay your loan, that is so bad, you will lose a huge amount of money from that.

Don't invest if you don't have enough or extra money, investment is not good for those people who don't have any work to sustain their needs because what if you lose then you would not have something to offer o your family, you'll end up hungry and empty money. Don't take a risk if you still cant sustain your basic needs.

[nurilham]

I used to be very violent and eager to quickly double my money. and finally I got into crypto but the first thing I got was not a sweet thing, but a bitter thing. I invested in a Scam project and until now I lost my money and I really regret this. Since then, my mind has opened and encouraged me to continue learning so as not to be fooled again.

[gantez]

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest

I don't see any mistake here with borrowing to invest. The important thing is if you understand the investment you want to make. Agreed that cryptocurrency is not a certain kind of profit because it can't be predicted rightly but you can still try. You can borrow little so that you don't run into bigger financial problem when you lose the money.

[Oasisman]

3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.

Are there people who's actually following baseless predictions that has been pulled out of thin air?
I believe crypto twitter has been flooded with such kind of baseless predictions, and I don't know If people are actually following these.

The most common mistake of a crypto investors is doubting Bitcoin and not buying while the price was low and then regret on the latter. This mistake has never aged lol.

[lovesmayfamilis]

A lot of tearful stories have been heard lately. People who do not understand either cryptocurrencies or the market itself, but simply trusting their money to advertise or hundreds of analysts, very often have big losses. In my opinion, to be a successful investor, you must first know this direction. And constantly maintain and improve this knowledge, and only then invest in any assets. But at the same time, you need to understand that you should always be guided by the fact that your deposits have the amount that it is not scary to lose.

[Mulann2]

I really do not think it is a wise idea to borrow money to invest in crypto, this market is highly volatile and unpredictable,  what happens if the project you invest on turns out to be a scam, all your investment just went down the drain and you have no other means of paying back! That will be a bumper, better to invest what you have no matter how little it is, "a drop of water makes an ocean" just nurture your little investment to maturity.

[The cure]

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.

For me there is nothing wrong with borrowing money to invest or to trade for as long as you know your responsibility as a borrower and especially you should know how to control yourself so that you are not dazzled by your greed for what you will be earning for ,sometimes this will lead you to losing your money. The numbers 2 and 3 are related, sometimes others have predictions that are very nice and enticing to listen that is why we are attracted and believe in their predictions and hoping that we will earn huge profit but what happens is the opposite of its predictions, and it's end up losing.

[kryptqnick]

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.

Borrowing money violates the rule of investing what one can afford to lose very seriously. As for expectations, I think that one should analyze how the price changed in the past and set up a realistic goal for cashing out.
And as for the third point, I think people tend to follow the opinions of others to blame others and relieve themselves if responsibility. They have the right to do that, but I agree that it's not a good choice.

[MCobian]

Many people want to get rich quick from Bitcoin and make the mistake of using borrowed money for investment. In the end the market
didn't go according to plan, the price of Bitcoin went down, we couldn't pay the debt. Invest money that we can afford to lose is what it
has to do, and don't expect to get rich from Bitcoin instantly. And greed is a thing that belongs to humans, therefore control our greed
so as not to miss the opportunity to make a profit. The last one follows other people's opinions, which are not necessarily accurate predictions,
so avoid joining the trading signal group. Believe in your own abilities and thoughts in trading, if not a problem our analysis is wrong,
we can learn from every mistake we make.

[JuSayCo]

Exactly. Some people easily believe to anybody else that is why they tend to be fooled and terribly failed in the end. I also don't like the idea of borrowing money just to put up an investment. I will rather use my own money if possible and carefully study the market movement, listen to other few opinions and then follow my gotfeel, my mind, so whatever maybe the result with my own actions, there is no one to blame of. I, myself will be accountable with my own decisions and deeds.

[FACE 2 FACE]

Many novice investors have no choice - they are forced to be guided in their decision-making by the opinions of outside experts, since their personal level of understanding is at a much lower level. Therefore, this theme will applies only to those who are able to draw conclusions on their own and to a large extent adequately understand the issues of cryptocurrency projects.

[Boov]

There are so many costly mistakes investors make that may be regrettable. Such as
1. Borrowing money to invest
2. Greedy expectations in reward
3. Total reliance of people's opinion. Among many others.
My emphasy is the third. It is good to listen to people opinions but not all opinion counts. Many here just make confident predictions that has no base, go to prediction topics in our bitcointalk to confirm this.and you know how painful it is when you lose just on someones prediction. It is better you follow your mind during investment and bear the consequencies thereafter.

The most stupid decision for any investor to be taken is to borrow money for investment having read reviews, predictions from different sources like opinions however how reliable is their opinion? does the prediction or speculation has a proof to back up such an opinion? such an investment, of course its very risky to follow people's opinions verbatim without any personal research and findings, when such an investment failed automatically the investor becomes bankrupt.

Among the three listed above it is quite not possible that some of us could come to its mind to borrow money for investment. Here in our country, borrowing money were became a nature of one's life though i never did it for once in my life. Second greedy expectations in reward for me it is not also impossible each and everyone were hoping for a good pay rewards not that greedy mode but the amount of payment that was worth to your effort. And third thing, reliance of people's opinion, we have our own kind of strategic plan when it comes to investment. Theirs are only opinion, its all up to us if we were going to adopt their suggestions.

[cheezcarls]

You nailed it mate! Straight to the point! I always follow my own instincts rather than listening to the opinions of others (despite some of them are good, but not perfect). And also, we need to start managing our risks well (both time and money) and let our emotions and perspective be stronger in case your coin or token goes down. If I wanna borrow money, it's not a good idea to make it for crypto investing purpose (because it's considered high risk) and you struggle returning it back if the market goes down and may not recover anytime soon.

[Natalim]

Borrowing money, not really a good idea, if we do that, it shows we are newbie in investing and we don't really understand how unpredictable the market is. When you borrow money, the interest is fix but there is no assurance that you investment will succeed, so that's really the thing that everyone should avoid.

About listening to other people's opinion or call, not really a big deal to me as I also do it from time to time, and sometimes they are right, sometimes they are wrong, but in the end I should be the one to make a decision, otherwise, I'm just blindly investing.