Enter the market with a loss mindset~what you can afford to lose

[Silberman]

So I guess it's all about our mindset, huh? So, rather than thinking that crypto is crashed but more like they're on sale. With that being said, our mindset should be that we're ready to lose our money when we enter crypto world. Sure, our purpose is to get profit, but in the process of that said profit we're going to face a lot of ups and downs, which is why if we've come well prepared I think we're good to go. I mean like it's all going to be sunshine and rainbows and especially with ho the market condition for the past few days or months.

That would be oversimplifying things too much for my taste, however there is no denying that your mindset is very important in any market, when people begin their journey to become traders or investors they look for all kind of information regarding entry and exit strategies but they do not take the time to do some soul searching and try to tell if they have what it is necessary to obtain the profits they want out of the market. And if they did such an exercise many of them will realize they are in fact not ready to become part of the markets, but since they do not do this simple exercise they invest in the market anyway which eventually brings them disastrous consequences for them and whatever capital they invested.

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[virasisog]

I love this momentum when we all have our equal chance to grab more altcoins that we love or even the main coin which is Bitcoin. When crypto is in the sale like this many people avoid crypto since they really believe to media that tells Bitcoin is dead bla bla bla. I pity them when they didn't know the risk and didn't know the opportunity behind that risk and only came back when the crypto price on the new ATH.

They say that while others are in fear, we should take the chance to fill in our bags. Those who are afraid during this season are also the same people that will be filled with regrets when the market recovers. One common mistake that most investors do is to fear the bear market but are afraid to miss out during the bullish season that they buy even during the ATH.

[Hamphser]

I love this momentum when we all have our equal chance to grab more altcoins that we love or even the main coin which is Bitcoin. When crypto is in the sale like this many people avoid crypto since they really believe to media that tells Bitcoin is dead bla bla bla. I pity them when they didn't know the risk and didn't know the opportunity behind that risk and only came back when the crypto price on the new ATH.

They say that while others are in fear, we should take the chance to fill in our bags. Those who are afraid during this season are also the same people that will be filled with regrets when the market recovers. One common mistake that most investors do is to fear the bear market but are afraid to miss out during the bullish season that they buy even during the ATH.

Get fomo'ed in short which is a common behavior into those people who are really that afraid on missing out the opportunity without even thinking back on accumulating or filling your bags while the market is on bear.

It might simple as it sounds to be suggested but this is something that shouldnt really be missed out and since you are targeting or aiming for making profits then you should do this necessary step
or else you would really be regretting that you had missed out the perfect timing for you to buy cheap.You wont realize until recovery of the market happens and have thought that
this market is already over.

[so98nn]

If entering with the current rates then I’m pretty sure no one literally no one will ever loose their investment in the upcoming future unless and until they become too much greedy about it. Current rates are 60-80% discounted considering various coins. Now there is only one way for crypto and that’s to go up and up. Bitcoin for example has already lost huge amount from its market and its not gonna fall beyond this point as there are miner holders, institutional holders. This is it, it’s gonna be profitable journey ahead.

[Silberman]

I love this momentum when we all have our equal chance to grab more altcoins that we love or even the main coin which is Bitcoin. When crypto is in the sale like this many people avoid crypto since they really believe to media that tells Bitcoin is dead bla bla bla. I pity them when they didn't know the risk and didn't know the opportunity behind that risk and only came back when the crypto price on the new ATH.

They say that while others are in fear, we should take the chance to fill in our bags. Those who are afraid during this season are also the same people that will be filled with regrets when the market recovers. One common mistake that most investors do is to fear the bear market but are afraid to miss out during the bullish season that they buy even during the ATH.

One thing that many people do not understand is that a great deal of the success of a trade depends entirely of the moment in which you buy, if you can buy at a very low price then the chances you can become profitable go up dramatically, but if you buy when the price is too high then it is difficult to obtain any profits, it is because of this that right now is a great moment to buy, but those which are inexperienced are afraid of doing so as they think the price may go even lower than the current level.

[Vaculin]

One of the biggest mistake traders make is to only think about profit and not a possible loss in case the market goes the opposite way. When you are prepared for a loss, you also get to have a good risk management plan so that you don't lose everything in a single day.

Another thing that affects trader's profits so much is greed and FOMO. People should know when to exit and enter markets to avoid losing every trade.

It's always certain that most newbies who come to the market just want to satisfy their greed, and they think that crypto is the right outlet for that. When in fact, crypto is very hard to be profitable, as it takes good knowledge and wise decision making to beat the losses in the market. While some have been taking advantage when the prices are low and affordable, others too are frustrated as they can't even sell their coins at a reasonable price. And that's how they start losing in the market, because they fail to realize that every market condition has its own opportunities to earn and make profits.

[GeorgeJohn]

You have to enter the trading platform with the interest of profit and loss. Otherwise you will never be able to profit by trading from a trading platform.There are no people who have not lost from the trading platform.With loss, maybe one day you can dream of profit. People are not completely successful in anything.

trading is a continuous practice, and their is no one who is hundred percent excellent or perfect in trading platform. It's clear that before you became successful in trading you most undergoes or experience trading kind of lost before you can account for success. And before you become successful in trading a trader most learn and understand the rudiments of trading.

[JoyMarsha]

In this crypto space, I only go by the flow of the market. Not by what peoples predict about the price of bitcoin cos that alone has taught me a big lesson and it has done more harm to me. I remember how I invested with the amount I can't afford to lose on bitcoin a year back due to, I was listening to different predictions from fellas about how bitcoin will hit $100k soon. Only that experience alone thought a big lesson I can't forget in a hurry

[cabron]

In this crypto space, I only go by the flow of the market. Not by what peoples predict about the price of bitcoin cos that alone has taught me a big lesson and it has done more harm to me. I remember how I invested with the amount I can't afford to lose on bitcoin a year back due to, I was listening to different predictions from fellas about how bitcoin will hit $100k soon. Only that experience alone thought a big lesson I can't forget in a hurry

Youre not the only one. Its always misinterpreted differently like buying every time BTC dips butnot telling you to buy when it bottomed. Some understood that every time frame has its bottom which short term traders take advantage of.

But always think that you will profit when you invest otherwise don't buy.

[Sanitough]

Because no one knows for sure, which price is the bottom and which is the top?
 

It is true that nobody knows the bottom or the top; this is why it is being preached that everyone (either a newbie or pro) should always take profits everytime in crypto currency. Thast way you don't have to worry about the bottom price or the top price

But it takes a professional trader to still make profits when the market is facing a big crash. Although we can do consistent profits if we learn how to be profitable regardless of the market condition, but newbies will always find it hard to adjust to a bearish market when all they think is that crypto is quick rich scheme to be profitable and get rich. However, experience can change everything, and mostly their concept on how crypto works. And losses can be their biggest motivation to always do things right even when the market is not that good and convenient.

[carlfebz2]

Because no one knows for sure, which price is the bottom and which is the top?
 

It is true that nobody knows the bottom or the top; this is why it is being preached that everyone (either a newbie or pro) should always take profits everytime in crypto currency. Thast way you don't have to worry about the bottom price or the top price

But it takes a professional trader to still make profits when the market is facing a big crash. Although we can do consistent profits if we learn how to be profitable regardless of the market condition, but newbies will always find it hard to adjust to a bearish market when all they think is that crypto is quick rich scheme to be profitable and get rich. However, experience can change everything, and mostly their concept on how crypto works. And losses can be their biggest motivation to always do things right even when the market is not that good and convenient.

Dont make yourself be minding about having that consistent profits but rather trying to mind on how you do make yourself sustainable despite of different market conditions that we do have here on crypto space.

Primary or main rule of investing here on this market is on having that investing on what you can afford to lose that kind of behavior which is something really very important.Set out limits and take up some border
line on when you should secure or exit out on the market with having corresponding profits.
Dont anticipate that you would really be ending up on positive always because losses would really be there and this is something normal that you would need to deal off with.

[goaldigger]

In this crypto space, I only go by the flow of the market. Not by what peoples predict about the price of bitcoin cos that alone has taught me a big lesson and it has done more harm to me. I remember how I invested with the amount I can't afford to lose on bitcoin a year back due to, I was listening to different predictions from fellas about how bitcoin will hit $100k soon. Only that experience alone thought a big lesson I can't forget in a hurry

Youre not the only one. Its always misinterpreted differently like buying every time BTC dips butnot telling you to buy when it bottomed. Some understood that every time frame has its bottom which short term traders take advantage of.

But always think that you will profit when you invest otherwise don't buy.

The market trend can easily tell you when to buy, and with the help of your own analysis you can be on a good timing, so I also don’t support those who are following others predictions, for me its too risky. The market is very volatile, no one can know the next trend so its important that you know what you are doing, and investing with the money that you can afford to lose is a big thing. Buy during bear if you see a good price to enter, don’t just buy without any analysis because you might be forced to sell that later on.

[bitcrystal]

It's a good think if everyone will invest with the mindset of what they afford to lose. This means you can buy at any price without being scared if it will dip more or not. 

[blockman]

It's a good think if everyone will invest with the mindset of what they afford to lose.

But not every investor will have that thinking, yeah, it's good if everyone will have that mindset but we can't force and apply it to everyone. Eventually, will learn from their mistakes and experiences that they'll invest what they can afford to lose and still be optimistic with the experience that they've got.

This means you can buy at any price without being scared if it will dip more or not. 

Yup, that will be for the ideal investors that have a long term vision to the market and actually knows what they do and won't be distracted from FUDs and other negative sources.

[topman21]

Whenever you enter cryptocurrency, you have to enter cryptocurrency with the mindset of your loss.Those who can't work with a loss-making mentality will never be able to do anything good in cryptocurrency.Cryptocurrency market is a thing where you have to survive by losing.No trader can profit without loss. Those who have benefited will see that they have lost a lot of money in the past and then gained and learned a lot.

[GreatArkansas]

Whenever you enter cryptocurrency, you have to enter cryptocurrency with the mindset of your loss.Those who can't work with a loss-making mentality will never be able to do anything good in cryptocurrency.Cryptocurrency market is a thing where you have to survive by losing.No trader can profit without loss. Those who have benefited will see that they have lost a lot of money in the past and then gained and learned a lot.

I agree but you should also train your mind to be a profitable trader, you should learn how to make profits even if we are on a bear market.
I believe to become a good trader, you are still gaining profits even what the market condition is, bear or bull market.

I also believe that trading is not gambling where you already assumed you are at a loss once you started. Having a positive mindset is good, but you should be aware on the other side or negative will happen, you need to face it and be able to move on or you can handle it.

[lienfaye]

It's a good think if everyone will invest with the mindset of what they afford to lose. This means you can buy at any price without being scared if it will dip more or not. 

Indeed. However you cant expect everyone to enter with that mindset. Probably many people decided to become a trader with an ultimate goal to be a huge gainer. That also include to use their savings not knowing the risk of losing it. If only traders follow the basic rule of not using the money that you cant afford to lose then it wont be hard to accept even we fail because sometimes losing is inevitable.

Anyway, we cant say if we already reach the top or the bottom of the price hence the decision is always up to us. If you think the price is decent enough to sell then dont hesitate. The same goes when the price is declining, buy as long as you're certain with the coin you choose.

[dansus021]

One of the biggest mistake traders make is to only think about profit and not a possible loss in case the market goes the opposite way. When you are prepared for a loss, you also get to have a good risk management plan so that you don't lose everything in a single day.

This is true, and this also become one of my enemy when trade including greeds. When do trade that really necessary to emotionally stable and offcouse afford to lose is the number one.

[Silberman]

It's a good think if everyone will invest with the mindset of what they afford to lose. This means you can buy at any price without being scared if it will dip more or not. 

The issue is that most people never trade thinking about the possibility of losing money, they are always thinking on the best case scenario and how much profits they will make with each trade they make, this means that technically there is no amount of money they can afford to lose, and when they do lose money, as this is something inevitable in the markets, then they immediately get desperate even if the losses were small, which as you may guess force them to make several other mistakes from which then it becomes impossible to recover.

[tvplus006]

They say that while others are in fear, we should take the chance to fill in our bags. Those who are afraid during this season are also the same people that will be filled with regrets when the market recovers. One common mistake that most investors do is to fear the bear market but are afraid to miss out during the bullish season that they buy even during the ATH.

It would be a better decision to buy coins after confirming that the market has turned bullish. In this case, the purchase price will be higher than the minimum, but this will prevent more significant losses that will necessarily occur if the market continues to decline after the purchase.