Follow your mind!

[carlisle1]

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

Only stupid people will do this,never that i put this in mind and this is really insane idea.

2. Greedy expectations in reward

This is the reason why many lose in trading because of their looking for too much rewards while the truth is small amount is enough than losing.

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.

well opinions are opinions it is our decision that matters,analyzing everything that come around will always the best security to use.

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[Kelvinid]

Following your mind, following your instinct, not really it works all the times. Investing adhered with high risk, soliciting ideas from experts, cominmg from books, you can see a lot of brilliant ideas which is a big help to finally make a decision. But if we are a close-minded person, such a thing it never helps, they'll got refuse but have standing it of what they believe.

But above all, and before we've planned to make investment see to it that we have been equipped enough,
*capital
*knowledge

It is very hard to start investing if you don't have enough money to start. Borrowing from others is not a bad idea but mostly a reason also that causes your failure. Better to start that everything is prepared and so no other thing that will distract you.

[FlightyPouch]

What is wrong with borrowing money to invest? I think that is a great opportunity to widen your capital and start bigger. Unless you don't know what you are doing. It is not that great if you are gambling but I think in terms of borrowing someone's money to invest maybe into crypto currencies or other assets, I think it is not that bad.

[Mpamaegbu]

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.

Let me touch briefly on the itemized points:
1. I don't think it's an issue borrowing money to invest in trading or any project. That's if one knows what one is doing. However, my caveat here is that no one should get a loan from the bank to invest. Borrowing from friends or relatives is better than going to the loan sharks. I have my reasons for this.
2. Human wants are insatiable. So, I don't think any reward expectations are greedy. After all, what is much to one may be less to another. But I like taking profit above X 10 on my investments.
3. This third item is subject to different individual expectations and I solely believe that it's for that reason that we all have mentors in life. Mentors are those whose ways of life and business modules we imitate. "It is better you follow your mind during investment and bear the consequencies thereafter." While I understand what you meant by the bolded, I strongly caution that same wasn't for noob investors or traders. There's always a learning process. No one was born an expert. We grow by learning from others — and from our mistakes too.

[ethereumhunter]

What is wrong with borrowing money to invest? I think that is a great opportunity to widen your capital and start bigger. Unless you don't know what you are doing. It is not that great if you are gambling but I think in terms of borrowing someone's money to invest maybe into crypto currencies or other assets, I think it is not that bad.

Borrowing money is not wrong, but most people who are playing gambling will use that money to continue playing gambling without thinking about how they will repay that money. As long as they can spend that money on gambling, they will play many gambling games and try to win the games. But if he uses that borrowing money to invest, that will be different because he can profit from borrowing money, and I am sure he can repay that money.

[Inkdatar]

What is wrong with borrowing money to invest? I think that is a great opportunity to widen your capital and start bigger. Unless you don't know what you are doing. It is not that great if you are gambling but I think in terms of borrowing someone’s money to invest maybe into crypto currencies or other assets, I think it is not that bad.

Well I'm not against with borrowing money to invest as long a person should know his responsibility to payback in time. Even though there is a huge risks the person should know indeed what kind of investment he is in. Investment is not easy and it is more challenging because we might not know what may the outcomes so sufficient knowledge is very important.

[Bitstar_coin]

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.

You are not far from the truth....
-Borrowing money to invest in crypto is one of the biggest mistake anyone can make especially when you are not very sure where to get the fund to repay the money back when things go south,

-Am also guilty of greedy expectations, sometimes we as investors expect so much from a project,  we expect the price to do x10 and even when we see a reasonable profit we refuse to take it, and then we may end up regretting our action,

-this is totally a wrong approach interms of investment, it is always better to have your own opinion which is why it is advisable to do your own research before making an attempt, we should learn to make our own decision, i.e collect different opinions and then make your own choice, sometimes people can be wrong and it will cost you.

[Crptomagma]

Yeah I consider these topic very important for all. In time of investing it’s important to seek for advice from others. There are few assumptions or rather predictions that end up in success and great outcome. Like the saying goes “ No man is an inland “ meaning man will always seek from advice or help from others when venturing into something new. Seeking for advice or others opinion isn’t bad, all you need is to be sure of the person you’re seeking advice from.

A few questions to ask yourself. Is these person really experienced in the field you want advice from? and many more important questions to ask. Well it’s also important to follow your heart and get it done.

[plast555]

Its not advisable to invest from a borrowed money. When you lose, you'll be responsible to pay that back no matter what happens. And I usually listened to other's predictions and comments. However, I always follows my own instinct. If others know how to read indicators and give their TA, we can also do the same by confirming it with our own.

As we know that being optimistic can help our decisions to be successful. Sometimes, listening to the other's opinion to help you grow is also essential.

Barrowing money from someone else to invest in your trading or other business could turn into a worst nightmare. specially in crypto trading where the risk factor is 50% or higher sometime.  in real life it is very common in some countries for business. most business take loan from banks to start their business. I would never do that in real life or in cryptocurrency field either. because if you loose others money in your investments you can force huge  consequences. 2nd and third option are natural. we need to control them but if we fell for them we'll loose our own money and we won't face any other risks.

[tanjiran]

Following your mind, following your instinct, not really it works all the times. Investing adhered with high risk, soliciting ideas from experts, cominmg from books, you can see a lot of brilliant ideas which is a big help to finally make a decision. But if we are a close-minded person, such a thing it never helps, they'll got refuse but have standing it of what they believe.
---

This only applies to people who have great luck. And this luck cannot be duplicated. We have to find our own path of success by learning a lot, trying a lot, so that we will get the best strategy according to our abilities. If it fails, then do the analysis so that there are no mistakes in the next step.

Being involved with the crypto world does require a lot of learning, it can't be just with enthusiasm. Knowledge is very important so you don't get caught by scams and losses. Crypto is also high risk so use cold money only, which you can accept the loss.

[24Kt]

Following your mind, following your instinct, not really it works all the times. Investing adhered with high risk, soliciting ideas from experts, cominmg from books, you can see a lot of brilliant ideas which is a big help to finally make a decision. But if we are a close-minded person, such a thing it never helps, they'll got refuse but have standing it of what they believe.
---

This only applies to people who have great luck. And this luck cannot be duplicated. We have to find our own path of success by learning a lot, trying a lot, so that we will get the best strategy according to our abilities. If it fails, then do the analysis so that there are no mistakes in the next step.

Being involved with the crypto world does require a lot of learning, it can't be just with enthusiasm. Knowledge is very important so you don't get caught by scams and losses. Crypto is also high risk so use cold money only, which you can accept the loss.

Experience will teach us many things in life not only in crypto. And that will take time and circumstances to learn things that are needed to combat what is presented in our lives. This will also give us wisdom on how to decide things that matter to us. One should really follow his own self because no one is responsible to your actions but yourself.

[Assface16678]

Following your mind, following your instinct, not really it works all the times. Investing adhered with high risk, soliciting ideas from experts, cominmg from books, you can see a lot of brilliant ideas which is a big help to finally make a decision. But if we are a close-minded person, such a thing it never helps, they'll got refuse but have standing it of what they believe.
---

This only applies to people who have great luck. And this luck cannot be duplicated. We have to find our own path of success by learning a lot, trying a lot, so that we will get the best strategy according to our abilities. If it fails, then do the analysis so that there are no mistakes in the next step.

Being involved with the crypto world does require a lot of learning, it can't be just with enthusiasm. Knowledge is very important so you don't get caught by scams and losses. Crypto is also high risk so use cold money only, which you can accept the loss.

Experience will teach us many things in life not only in crypto. And that will take time and circumstances to learn things that are needed to combat what is presented in our lives. This will also give us wisdom on how to decide things that matter to us. One should really follow his own self because no one is responsible to your actions but yourself.

I get the point but I think that's not how things work in this industry. Following one's though before doing an action is indeed correct, but atleast have a basis. For an instance, an investor suddenly invested in a crypto because he thought its platform will be having further developments and investing early into it will be advantageous. But the price fell in an instant because other people did not feel the samething towards that crypto. But action is already made perhaps in this situation. Who's to blame? Ofcourse, no one but you should learn from that instance. Reality will not always be depending on your expectations.

[Zemomtum]

I have followed people's opinion and end up in regrets. I have since then always rely on my own assessment and be responsible for my own choices and not somebody's else.

[gurjasmeetsingh]

I agree it's only mind game stage.there is neccessary to get much more knowledge about crypto  currency. This platform is used for concentration of our mindabout investment to get good earnings. I think without knowledge investment wii be get loss.so again l advised to the investors think before the investment.

[molsewid]

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.

[maydna]

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.

I am sure that many people have the same experience as you because when we don't have many trading skills, we will search for other people's guides, and that can make use follow their analysis without research by ourselves. But after we have more experience by following the others, we should realize that we need to learn more in trading so we can improve our skills and analyze better.

We don't need to blame ourselves because that is normal to have that experience. But we need to use our time to learn more about trading, and we don't have to depend on other people's analysis to decide.

[reliable]

Create a set goal for investment and the price levels around which you are ready to sell it. Once it achieves or near that mark sell it and book profits. Unless 100% sure of the price rise is around and do not have money then only borrow a limited amount else its best if can be avoided as in crypto anything could happen due to volatility.

[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.

[NeilLostBitCoin]

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.

[goldade]

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.

1. Borrowing money to invest is a big No for me. One runs the risk of running into a debt if such investment fails. I believe it's better to invest one's money no matter how little it maybe

2. I've come to realize that greed, in a human, is inherent just like fear and angry and ought to be mastered and controlled. One runs the risk all in an investment when one is too greedy

3. Sure it's great to consider people's opinion but many times, the heart or mind is right and should be followed. Personally, I like making my own decisions and taking responsibility for whatever consequences they come with.