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Author Topic: Risk-takers always ahead financially  (Read 642 times)
SayNicck (OP)
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February 03, 2021, 02:51:51 PM
 #1

  Life is all about taking risks and the same thing applies to getting money. You can't just fold your arms wishing you had money, the best way of being ahead is by getting started.
  When opportunities that can lead to money arrive, many people out of fear, laziness and curiosity always doesn't grab them and they'll be waiting for someone to try so they can see the outcome, that doesn't make you smart it'll only delay or stop you from encountering your financial breakthrough.
  You should cultivate the habit of being well-informed about the financial opportunities circulating around the globe so when you get the chance never allow fear, laziness or being too curious to stop you. money is not for the weak so be brave.
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February 03, 2021, 03:09:00 PM
 #2

Not all times but most of the times risk-takers made the most profit, they are the most educated and most involved in the market, they checked the coins with good potential, and they always want to be an early bird in every good project, because they know there are hidden gems on new projects, once a risk-taker always a risk-taker, because they know what and how to look and why it's worth the risk.

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February 03, 2021, 03:29:42 PM
 #3

about it all, I think quite human, as a form of nature. However, what makes us want to move forward is only one thing, which is the need to continue living from day to day.
remember to pay attention to your thoughts, for thoughts will become words. heed your words, for they will become actions. watch your actions, because it will become a habit. pay attention to your habits, because it will become a character. and watch your character because it will be destiny.
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February 03, 2021, 04:09:42 PM
 #4

Not all times but most of the times risk-takers made the most profit, they are the most educated and most involved in the market, they checked the coins with good potential, and they always want to be an early bird in every good project, because they know there are hidden gems on new projects, once a risk-taker always a risk-taker, because they know what and how to look and why it's worth the risk.
Well, this risk takers are also not just jumping blindly into the waters that they will try to swim in, if you get what I am saying. My point is, we shouldn't romanticize this thing about risk takers being a successful person, yes some become successful but because they have a game plan. They just didn't become successful because they took the risk, that is just scratching the surface, as @aioc says, they are early birds but they are also hardworkers, they see opportunity when it comes, they do not think like other people, and more importantly they have a safety net. Seriously, if you are going to take risk, you better have a safety net, it never hurt that when you fail you have a bounce back of money to reset.

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February 03, 2021, 04:12:34 PM
 #5

It is my opinion that successful people in business and finance
learn to identify different types and different levels of risk and
are able to make a play based on what they know.

I'm not a business person and I'm not involved in finance but
I took a risk 11 months ago and borrowed FIAT to buy Bitcoin
at an approximate 10% interest rate.

That was a risk! but I knew there was going to be a bull run
after the Halving [2020] so I took that risk.

The loan will be paid off next month, its been a slog to get it
repaid but the risk has been rewarded.

R


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February 03, 2021, 04:26:35 PM
 #6

There's a saying that "The greater the risk, The greater the reward" which says it all on most of things we do. This saying can be applied on everything but on some rare occasion it isn't.
In bitcoin, most of the people who mined, invested, and hold unto their coins early way back 2013 are the most richest person and had the most profit of all. Also, early adopters of other crypto such as ETH, XRP, USDT, BCH and other top crypto had the most profit than anyone else as they have managed to invest on it when the value of each of it very low. Most ICO's way back 2017 and 2018 are the most profitable crypto that boom in the market as of now but not all of ICO has successfully managed to maintain themselves which ends up on a loss and dead or shitcoin.
This also applies when gambling as the greater the risks is when betting the higher the rewards are.

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February 03, 2021, 04:28:09 PM
 #7

I want to say.... something. It is not risk-takers that are financially successful... It is the people who manage risk the best, that are successful. I know of a lot of people who managed risk very poorly and they made bad decisions in high risk situations and they lost everything.  Sad

You have to divide risk into "Low" / "medium" / "high" risk categories and then you have to divide your investment funds into these categories according to your different strategies.

Every portfolio should have exposure to all three categories and you must manage that very well to be successful. (DO NOT just rush into high risk.. hoping for the best)  Wink


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February 03, 2021, 04:36:09 PM
 #8

taking risks from the start is better than taking risks that cultivate later on. quite realistic, it is said to take a risk with the percentage obtained, and it is taken into consideration. if not decide for it, then when else? waiting will become a thing of the past when everyone is successful with all the decisions. so what are you waiting for? execution right now.

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February 03, 2021, 04:57:46 PM
 #9

Clearly, to have money, you need to be able to take risks. But risk is not just a lack of fear of losing your money. I think that risk means allowing the possibility that you can lose money, but do everything possible to prevent this from happening and be well aware of the situation, have the necessary information.

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February 03, 2021, 05:59:08 PM
 #10

 Life is all about taking risks and the same thing applies to getting money. You can't just fold your arms wishing you had money, the best way of being ahead is by getting started.
  When opportunities that can lead to money arrive, many people out of fear, laziness and curiosity always doesn't grab them and they'll be waiting for someone to try so they can see the outcome, that doesn't make you smart it'll only delay or stop you from encountering your financial breakthrough.
  You should cultivate the habit of being well-informed about the financial opportunities circulating around the globe so when you get the chance never allow fear, laziness or being too curious to stop you. money is not for the weak so be brave.

I dont think so but its better to risk up something if you do really plan to gain up something or make yourself advantageous when it comes to financial aspect since you are
really having the opportunity to earn compared to those who havent really make any actions.You can really risk up something to earn something but always take out
safe precautionary measure to make yourself able to avoid those being wrecked up completely.Only risk out on the amount that you can afford to lose.
Its true that you can possibly make out money but always think off that you can lost on other way around too.

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February 03, 2021, 06:08:09 PM
 #11

Investing in BTC is a risk already. One day the price can be so high the next day could be different. We are risk taker and if BTC can go high as $100K as they said, we are financially ahead. But the reason why some didn't actually invest in BTC is because the news is telling the public that bitcoin is a scam/Ponzi. If most of them listen to the media who tells BTC is a scam, they are not going regretting it when they learn financial institutions are staking up Bitcoin and they see Elon Musk, one of the richest person in the world supports BTC. It prevents them to become risk taker.

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February 03, 2021, 06:14:40 PM
 #12

Life is all about gambling and risk-taking in which you will never win in life if you don't know how to risk and gamble yourselves. Risk-takers and gamblers in the real life are those people who want to be on the front line for them to get their financial wants. Those people who are scared of taking the risk are always behind in the walls of "What if's". Always think that all of the risk-takers are the ones who are succeeding in life.

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February 03, 2021, 06:17:39 PM
 #13

  Life is all about taking risks and the same thing applies to getting money. You can't just fold your arms wishing you had money, the best way of being ahead is by getting started.
  When opportunities that can lead to money arrive, many people out of fear, laziness and curiosity always doesn't grab them and they'll be waiting for someone to try so they can see the outcome, that doesn't make you smart it'll only delay or stop you from encountering your financial breakthrough.
  You should cultivate the habit of being well-informed about the financial opportunities circulating around the globe so when you get the chance never allow fear, laziness or being too curious to stop you. money is not for the weak so be brave.

I truly support this statement and I am one live example! When bitcoin was introduced back in 2009, then I was very active into online money making world and I indeed came across bitcoin. I used to have a powerful laptop of that time where I could have easily mined a great quantity of bitcoin. Just out of laziness and less curiosity, I didn't enter that market and carried on with the freelancing work. I know I could have become a millionaire by now but I can only look back at my mistakes!

So yes, people who are willing to take risk and willing to adopt the unknown, have better financial future!

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February 03, 2021, 07:59:12 PM
 #14

  Life is all about taking risks and the same thing applies to getting money. You can't just fold your arms wishing you had money, the best way of being ahead is by getting started.
  When opportunities that can lead to money arrive, many people out of fear, laziness and curiosity always doesn't grab them and they'll be waiting for someone to try so they can see the outcome, that doesn't make you smart it'll only delay or stop you from encountering your financial breakthrough.
  You should cultivate the habit of being well-informed about the financial opportunities circulating around the globe so when you get the chance never allow fear, laziness or being too curious to stop you. money is not for the weak so be brave.
This isn't really true. Risk-taking might look very adventurous from the outside but it's suicidal if done without an adequate Risk Management technique. Everyone gets opportunities in life. Obviously grabbing opportunities requires some investment. In some cases, it requires an investment of your time while in some cases it requires an investment of your capital. Especially in these fields related to finance and trading people generally invest heavily without even thinking of an exit and risk mitigation strategy which ultimately just leads to huge losses for them. It's good to take risks but always risk what you can afford to lose. It can be your time or money.
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February 03, 2021, 09:19:22 PM
 #15

  Life is all about taking risks and the same thing applies to getting money. You can't just fold your arms wishing you had money, the best way of being ahead is by getting started.
  When opportunities that can lead to money arrive, many people out of fear, laziness and curiosity always doesn't grab them and they'll be waiting for someone to try so they can see the outcome, that doesn't make you smart it'll only delay or stop you from encountering your financial breakthrough.
  You should cultivate the habit of being well-informed about the financial opportunities circulating around the globe so when you get the chance never allow fear, laziness or being too curious to stop you. money is not for the weak so be brave.
This isn't really true. Risk-taking might look very adventurous from the outside but it's suicidal if done without an adequate Risk Management technique. Everyone gets opportunities in life. Obviously grabbing opportunities requires some investment. In some cases, it requires an investment of your time while in some cases it requires an investment of your capital. Especially in these fields related to finance and trading people generally invest heavily without even thinking of an exit and risk mitigation strategy which ultimately just leads to huge losses for them. It's good to take risks but always risk what you can afford to lose. It can be your time or money.
Its really suicide if such steps had made without any proper planning or goals that had been set.even though we do see those guys do earning big but we dont

know on whats the the risk that they had put through into those investment that they do had which it did luckily result to be profitable but if not then that would
surely be a big loss into their part.Just like whatt others said that you wont gain nothing if you wont risk nothing.
When making money then those people who do risk out will really have that chance to make profits.

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February 03, 2021, 09:36:27 PM
 #16

  Life is all about taking risks and the same thing applies to getting money.

And risking also makes people poor when they lose all their money while trying to start a business or investing. The only thing that separates the winners from losers is luck and smart decision making. You could make money by taking risky choices with bad odds, like investing in ICO or altcoins, but most likely you will lose - while those who invest with positive expected value are likely to succeed, unless they get a really bad luck.
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February 03, 2021, 09:52:39 PM
 #17

Depends on you if there is a chance you want to risk and this is an opportunity to why not? People are taking a risk because they to make chance about their live risk is a lot changer sometimes this is the only thing you need to have a good and better life but not all the time you are winning with your risk, take care on your decision. In life, some of the neutral people who not taking risk are the one who is not improving, those risky takers mostly become the successful one.
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February 03, 2021, 09:56:08 PM
 #18

  Life is all about taking risks and the same thing applies to getting money. You can't just fold your arms wishing you had money, the best way of being ahead is by getting started.
  When opportunities that can lead to money arrive, many people out of fear, laziness and curiosity always doesn't grab them and they'll be waiting for someone to try so they can see the outcome, that doesn't make you smart it'll only delay or stop you from encountering your financial breakthrough.
  You should cultivate the habit of being well-informed about the financial opportunities circulating around the globe so when you get the chance never allow fear, laziness or being too curious to stop you. money is not for the weak so be brave.

I am not really sure about this. Risk is for sure a big factor but I do believe that living on the edge might not be a thing for most of us since every human have their own emotions and their own way to deal with things and taking risks might not only make you more anxious but it would also create emotional instability.

Therefore if you do think you would be able to not only analyze your funds properly but at the same time you would be able to take the emotional risks that comes with this lifestyle you should go for it!!

But I do think that before anything else
"You do need a backup"
"You always need a backup"

Backups might save you and your family ! There is nothing wrong with living on the edge but just be safe.
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February 03, 2021, 10:20:47 PM
 #19

  Life is all about taking risks and the same thing applies to getting money. You can't just fold your arms wishing you had money, the best way of being ahead is by getting started.
But in certain cases, it's better to fold and live another day.

  When opportunities that can lead to money arrive, many people out of fear, laziness and curiosity always doesn't grab them and they'll be waiting for someone to try so they can see the outcome, that doesn't make you smart it'll only delay or stop you from encountering your financial breakthrough.
Still a risk though, not many people are willing to go that route because obviously, the next day they might not have the money to feed their family and bring food in the table. So it could be a calculated risk, if you go all-in and you lose, you should have at least a back up plan.

  You should cultivate the habit of being well-informed about the financial opportunities circulating around the globe so when you get the chance never allow fear, laziness or being too curious to stop you. money is not for the weak so be brave.
Yes, but for me it will just make things complicated, just focus on opportunities that you are familiar with.

R


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February 03, 2021, 10:43:58 PM
 #20

Entrepreneurship has let us know that irrespective the sincerity or how legit is business looks like that life is all about risk, before adventuring into cryptocurrency, businesses such as importation and exportation of goods that is all about risk taking, no business that can stand firm without risks, using trading as a case study of risk because not every time a trader trade and make profit so at movement of trading is taking risk, and its obvious that risk takers always propagates, so in summary take risk and in everything concerning in cryptocurrency.


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