Follow your mind!

[Distinctin]

Reliance on other people's opinions will give painful regrets. I tried to rely on other's opinions before because I'm not good at trading analysis. The feeling of losing to someone's opinion on trading is very different from losing on your own. I really blame myself for relying on others instead of learning it on my own. Since then, I didn't rely on others' opinions without relying on my trading knowledge.

If we keep that kind of attitude, no wonder that we never improve but just dying the same. We can't deny that there are a lot of people, traders who are doing the same, they are using other's time and skills for the benefits of their own but the result is that it won't sharpen their minds about trading.

Nothing bad about relying on someone, asking ideas to others but we should have to make our own decision as well. We need to practice standing by our own feet and to know how effective we are, and to know also how capable we are in regards to trading.

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[Sapphire915]

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 first is such a big mistake and regrettable for me if we just borrow some money for investment because we are not sure with everything about investment, whether it will become more profitable or we failed in the end. Second, is not really a good attitude in all aspects. People should learn how to manage expectations to avoid disappointments. And the third one is very common, which i usually applied in my personal life...however, I believe this is not a good habit to rely on others opinions and that it should be right to follow what our heart and mind tells us, so that we will never regrets and blame others in the end. You are very much right, we need to follow our mind in everything that we need to do.

[acquafredda]

After reading OP subject this Sun Tzu quote came to my mind: Know yourself and you will win all battles.
The art of knowing how to behave and act in any situation is the greatest achievement for a man and you can easily apply those teachings to what is being said in this thread.
One needs strategy and tactics to swim into this stormy ocean. Let's take the "borrowing to invest" as an example: I know some who made a fortune borrowing money and others who went into disgrace. It's a matter of balancing your goals with your means and no answer is the same for everyone. Always do some proper research before doing anything stupid and you may not regret it along the way.

[rodskee]

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

never do this please in terms of investing because you are not only risking your self but also others because those are their Money that you are betting and not yours

2. Greedy expectations in reward

This is also my problem in past when the Bull market happens in 2017 when i desire for too much income while the truth is i only have,until the fall happen and i am stocked.

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

try to use them as your weapon not to become a victim but not to totally take it,because sometimes our instincts will also save us.

[serjent05]

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.

There is nothing more important than doing our own research especially when we aim to invest in cryptocurrency.  It is good to look at the opinion of others but only listen to those who give good pointers and not just to anyone who utters assumptions without any basis.  At the end of the day, it is us who will suffer if we listen without weighing facts and doing research on things.

[Smartprofit]

There are members on the Bitcointalk forum who are very good at predicting the price of bitcoins.

If you read the posts of these people for several years, you will see that their predictions are very accurate.  I have a list of such people.  I know their weaknesses.  For example, one is good at predicting when the market is bullish, the other when the market is bearish.  I consult with them. 

However, I make all investment decisions myself.

[btc78]

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

nope this is red flag for me,I will never lend a money for my investment not unless it is to recover my existing Business in which i didthis last pandemic season.

2. Greedy expectations in reward

all of us are entitled to look for good reward but not too much that almost impossible to happen.

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

Why not just believe your instinct and your decisions?

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.

Don't listen to them just read their comments and suggestion but in the end make your own.

Me too, I don't recommend to lend some money for gambling or investment purposes because you can lose a great amount if you lose a certain game or the project you invested in is not legit. It is much better if you have your own money for playing gambling or investing into a particular project. Atleast you don't have to pay for the money you lend.

Exactly and this will prove your attitude in certain things if you cannot handle your desire while the truth is you have no Money to invest or play.
Better Wait for your turn and work for it than risking money you don't really earn.
and also when investing this is the character of people that we can realize what we are doing specially if you have already experienced losses and you want to try it again with Amount coming from other people.
Lets stop this behavior and be responsible in every investing even not inside this volatile market.

[smyslov]

I agree with you that total reliance on people what and where to invest is the gravest mistake you can do when investing, there are a lot of trap here, there are people who advice you to buy this coin because they are bag holders of this coin, or they part of the development team of that coin or they get a commission if you buy it.

It's ok to listen but following all their advice is what they will lead you in trouble, and you will seen found that your decision is what matter most, and sad to say many investors found this out after they lose a lot of money.

[Chris Barth]

You see, all three problems mentioned by the OP are common problems faced by majority of the traders. It's more like a gambler who knows what gambling is and yet goes to borrow money to gamble. And then having the greediest expectation forgetting that there's a tendency of things going wrong. If you try warning them, they won't listen. They just do their own thing and most times end up with much failure. Just ask around or observe. The average trader who is doing well doesn't have any of these three characters. My advice to new traders entering the market -> Avoid the above 3 characters and you're good for trade. They are the major reasons traders fail.

[CODE200]

There are members on the Bitcointalk forum who are very good at predicting the price of bitcoins.

If you read the posts of these people for several years, you will see that their predictions are very accurate.  I have a list of such people.  I know their weaknesses.  For example, one is good at predicting when the market is bullish, the other when the market is bearish.  I consult with them. 

However, I make all investment decisions myself.

Predictions are just subjective opinions of the users if I would be asked. Good thing those predictions are working but I guess those are all coincidence. There's no consistencies and that is enough to tell that there is no pattern in this industry. One could give a guess of what will happen next but to be certain of something is impossible. Listening to other people is not prohibited, depending on your decisions is also not. But at the end of the day, no matter what you believe or to where will you depend your actions, be sure to have no regrets because that will lead you to nothing.

[Gavirimannt]

If you follow your mind then you are going to end up making the same mistakes that you have liste,. In bitcoin and all digital currencies you have to follow a plan that you have set up after careful thinking and not just doing what your mind tells you. There Is so much to bitcoin and one of those things is that it is very easy to lose a lot of you are not focused on what matters. You need to be goal driven and not mind driven. As much as you are going to sue your mind to make the goal and plans, you should not always stick to what your mind tells you because it may lead you to make a lot of mistakes such as being greedy that you have mentioned.

[ethereumhunter]

If you follow your mind then you are going to end up making the same mistakes that you have liste,. In bitcoin and all digital currencies you have to follow a plan that you have set up after careful thinking and not just doing what your mind tells you. There Is so much to bitcoin and one of those things is that it is very easy to lose a lot of you are not focused on what matters. You need to be goal driven and not mind driven. As much as you are going to sue your mind to make the goal and plans, you should not always stick to what your mind tells you because it may lead you to make a lot of mistakes such as being greedy that you have mentioned.

Making a plan, analyzing before decide can help you to make a good decision. But sometimes, intuitions can be the final decision, which can help you to get the right sign to buy or sell in the current situations. But if you can not analyze better and only depend on your intuitions, that won't help you because your decision is not based on what you analyze.

[Smartprofit]

There are members on the Bitcointalk forum who are very good at predicting the price of bitcoins.

If you read the posts of these people for several years, you will see that their predictions are very accurate.  I have a list of such people.  I know their weaknesses.  For example, one is good at predicting when the market is bullish, the other when the market is bearish.  I consult with them.  

However, I make all investment decisions myself.

Predictions are just subjective opinions of the users if I would be asked. Good thing those predictions are working but I guess those are all coincidence. There's no consistencies and that is enough to tell that there is no pattern in this industry. One could give a guess of what will happen next but to be certain of something is impossible. Listening to other people is not prohibited, depending on your decisions is also not. But at the end of the day, no matter what you believe or to where will you depend your actions, be sure to have no regrets because that will lead you to nothing.

You have expressed a very important idea.☺

 Is it possible to predict the price in the market?  I think yes.  The price rises and then falls.  An analogy is a sea wave or a change of seasons. An experienced trader can predict changes in the price of a financial asset.  Just like a sailor can forecast a storm.  Forecasters predict the weather ...

In addition, there are manipulators in the cryptocurrency market.  An experienced trader sees these manipulations.  Solves these puzzles.  

Experience in cryptocurrency markets makes it possible to make a profit.  

There are not many experienced traders.  However, they can be found.

[TIDOVEE]

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.

Even though there is no investment that does not involve risk, just that the risk is lower than another, if you have another constant source of income to pay for borrowed money in case of disappointment that's still good. I consider the market fluctuations which we cannot control to say It would be dangerous to borrow money and lose in wrong investment or miss agreed time of payment.

[GDragon]

Of course you don't need to fully follow others opinions, you are reading opinions for you to assess it and find your own decision. It's like doing research, if you are not confident with the knowledge you have, then try reading or searching from others knowledge, perspective, opinion. That's how you assess opinion, you don't have to follow it, if you fully follow it without even understanding it, then it's your fault, not the person you get it from. You have to own every decision you make in life, in investing and etc. We are given the mind and the free thinking for us to use it, so don't blame someone who expresses there opinion. It's your fault because you follow it and decided to make it as your own opinion. 

[Asuspawer09]

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 is not a good practice when investing in cryptocurrency since losing your investment would just make it worst, but if you already have funds at then still loaning money to invest is a different story.'

-Being greedy is just the number one problem that every newbie should overcome and realize that earning is profit is not easy.

-It's kinda normal to depend on someone's opinion, I mean we kinda take everyone's opinion here in the forum depending on their rank. But the decision is still on us, the market is still a gamble so someone's opinion could be a jackpot and sometimes not. No one literary fully depends on someone's opinions if they are only one person telling you about it, it is more like the more people the higher chances.

[Shasha80]

Borrowing money will mess up your investment plan, this happens because there is no guarantee that investing in Bitcoin will work.
So avoid investing using borrowing money, just use the money we do have today. No matter the amount is small, as long as our strategy
and knowledge is good. Small capital can be big.

Regarding greedy, that are difficult for us to avoid, especially if we manage to get profits several times, it will increase our greed.
We will never be satisfied no matter how much profit we make. Without us knowing it, we will always want even greater profits.
Greedy must be avoided by controlling emotions when investing.

Finally, don't follow other people's opinions without analyzing them, we must believe in our own abilities. Because most people give advice
or opinions only for their own interests. So just follow the results of the analysis that we did ourselves. This is much more profitable than
following other people's opinions.

[lienfaye]

Thats why its important to understand what you're getting into before investing your money.

Gain knowledge first, the basic thing that we must do in order to understand the nature of crypto.

Stop relying on other investor's prediction because no matter how good it is as long as there's no concrete basis to believe that then it will not gonna happen.

[plast555]

There are members on the Bitcointalk forum who are very good at predicting the price of bitcoins.

If you read the posts of these people for several years, you will see that their predictions are very accurate.  I have a list of such people.  I know their weaknesses.  For example, one is good at predicting when the market is bullish, the other when the market is bearish.  I consult with them. 

However, I make all investment decisions myself.

that would be a very good thing if we could follow some experts advice and see their prediction about bitcoin's upcoming price drop and increase.
can you share the list of members and their posts with us here or send via PM,  I would really like to see what are they predicting about bitcoin. because for me. Bitcoin always been unpredictable. I thought something else an happened something else.

[(o)(o)ilikeboobs(o)(o)]

All of the above methods are capable of bringing us profits, even though the rate is low. I also know some friends who got rich after getting investment advice from others.
Investing in a loan is also a way to increase their money, they must have the ability to control the risk of their loan and investment.
Investing always has risks in it and we need to accept those risks regardless of any factors affecting your investment.