trendcoin
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July 03, 2022, 03:12:53 PM |
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I don't think the two have to create a dilemma. Maybe it is not possible to learn while winning, but it is very possible to win while learning. Therefore, the main point may be the subject of education. Anyone who trades in financial markets - at least on a basic level - needs to do some reading on financial literacy... Also, I have no words for Luna and similar shitcoins. Those who buy this and similar coins will never learn. :)
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fullhdpixel
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July 03, 2022, 05:11:56 PM |
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Sometimes we will learn ways to see more clearly after our failures, which is good for the OP, but I think many people will find it difficult to see that when they are still immersed in their dreams. The dream of profit or loss has not ended. A perfect strategy is not something everyone can implement, and it is also recognized from the forerunners. Only when we really experience everything, will we have a more complete view of finding opportunities in the future. in this market as well as in life.
Your own experience is invaluable, because only in this way can you learn the lesson best. Until a person himself loses money due to a long-term holding of a scam token, he will not begin to record a profit. Or until the trader loses money on a big dip, he won't put stops. At first, you think that you are smarter than others, but life takes such a price for lessons, and it’s good if these lessons are learned on time. This is why I always suggest coming back after a loss. I have seen a lot of people who quit crypto all together after they lost everything to Luna for example. That isn't a reason to leave, that is a reason to stay even longer. Because, you already lost your money to Luna once, you will be much more careful about that not happening to you again. This is why we should be focusing on getting back on the horse after we fall. If you ever rode a horse, you know that you can't become a great horse rider without ever falling from it. This is why if you lost your money in crypto, that is great news, of course everyone would prefer if they never did, but that is impossible.
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Spack17
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July 03, 2022, 07:37:38 PM |
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Learning has no age and limit. This also applies to the cryptocurrency market. Therefore, you learn something new in every transaction you make. It should not be divided into winning or learning. When you win, you learn new things. But of course, you learn a lesson when you lose the most. So never get offended by the game when you lose. Always focus on doing better.
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Fredomago
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July 03, 2022, 07:58:17 PM |
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Learning has no age and limit. This also applies to the cryptocurrency market. Therefore, you learn something new in every transaction you make. It should not be divided into winning or learning. When you win, you learn new things. But of course, you learn a lesson when you lose the most. So never get offended by the game when you lose. Always focus on doing better.
Always find ways to learn in whatever outcome take place when you trade, it will help you to move forward and not to dwell with mistakes that you commit, and also, with good anticipation on your next entry, it will possible that you will have different outcome, Win or lose as long as you find ways to accumulate good knowledge upon, your chance of success is far better. It's your own path that you are directing better to start from small steps and learn things one by one and not to rush things up. Losing small money then learn is better than jumping into conclusion and burned huge amount of your capital.
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DrBeer
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July 03, 2022, 08:16:26 PM |
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What the author of the topic described is not something unique or surprising. Let's be honest - which of you started working with crypto in 2017, had a financial education, studied financial and investment management? Personally, I had a basic institute courses in economics, and separate courses in entrepreneurship. I can’t say that I had the same result as the author, rather, on the contrary, I earned well, but ... I didn’t manage to fix everything and turn it into liquid things. I only managed to buy ... what I planned to buy for the last 2-3 years, and set aside a certain amount as a "financial pillow". It took about 50% of what I earned in 2017. And the second 50% of what we managed to earn eventually turned into ... about 5% -10% ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) No, this is also money, but - not received or, more correctly, profit that was not fixed IN TIME, turned out to be quite significant. This was an excellent lesson, and prompted to study more deeply similar assets, the investment market and speculation. Once again I was convinced that a negative experience is the most useful and memorable! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I recommend everyone to study the subject matter, read specialized materials, communicate on topics of interest, and constantly develop. This will be the key to a secure and quality life not only for you, but also for your families.
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sovie
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July 03, 2022, 08:54:02 PM |
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What the author of the topic described is not something unique or surprising. Let's be honest - which of you started working with crypto in 2017, had a financial education, studied financial and investment management? Personally, I had a basic institute courses in economics, and separate courses in entrepreneurship. I can’t say that I had the same result as the author, rather, on the contrary, I earned well, but ... I didn’t manage to fix everything and turn it into liquid things. I only managed to buy ... what I planned to buy for the last 2-3 years, and set aside a certain amount as a "financial pillow". It took about 50% of what I earned in 2017. And the second 50% of what we managed to earn eventually turned into ... about 5% -10% ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) No, this is also money, but - not received or, more correctly, profit that was not fixed IN TIME, turned out to be quite significant. This was an excellent lesson, and prompted to study more deeply similar assets, the investment market and speculation. Once again I was convinced that a negative experience is the most useful and memorable! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I recommend everyone to study the subject matter, read specialized materials, communicate on topics of interest, and constantly develop. This will be the key to a secure and quality life not only for you, but also for your families. Life is a real challenge - every day you learn new thing and then you make promises that you will not make those mistakes in your life ever again and then you do the same mistakes again. I am not very strict with my rules.... and I keep on making mistakes all the time - learning and learning through out my life and not getting the lessons.
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Quidat
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July 03, 2022, 09:15:03 PM |
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What the author of the topic described is not something unique or surprising. Let's be honest - which of you started working with crypto in 2017, had a financial education, studied financial and investment management? Personally, I had a basic institute courses in economics, and separate courses in entrepreneurship. I can’t say that I had the same result as the author, rather, on the contrary, I earned well, but ... I didn’t manage to fix everything and turn it into liquid things. I only managed to buy ... what I planned to buy for the last 2-3 years, and set aside a certain amount as a "financial pillow". It took about 50% of what I earned in 2017. And the second 50% of what we managed to earn eventually turned into ... about 5% -10% ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) No, this is also money, but - not received or, more correctly, profit that was not fixed IN TIME, turned out to be quite significant. This was an excellent lesson, and prompted to study more deeply similar assets, the investment market and speculation. Once again I was convinced that a negative experience is the most useful and memorable! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I recommend everyone to study the subject matter, read specialized materials, communicate on topics of interest, and constantly develop. This will be the key to a secure and quality life not only for you, but also for your families. Life is a real challenge - every day you learn new thing and then you make promises that you will not make those mistakes in your life ever again and then you do the same mistakes again. I am not very strict with my rules.... and I keep on making mistakes all the time - learning and learning through out my life and not getting the lessons. There's no such thing about pinnacle of knowledge and its true that this living on this world does give out that never ending kind of learning on everything which doesnt only limit out on investment but also in everything we do encounter on life which does really need awareness and knowledge for you to be able to go on living without any problems since you could really get a good grip out of it. You would definitely learn up on any mistakes that you do because thats how things works.You cant just be directly to be professional or experienced on everything which means that you would really be experiencing errors or mistakes but after that you would eventually learn and you would know on things that you could encounter on next time.
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CryptoHeadlineNews
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July 03, 2022, 11:20:59 PM |
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1. Money management is very important. It is better to have some plan than no plan. 2. Opportunity will come again and again so do not FOMO. 3. Anything could go to zero no matter how big the project is(Luna disaster).
So in summary, I think what you are trying to say is that these are the lesson you learnt from the best selling money management book "Rich Dad Poor Dad" written by Robert T. Kiyosaki. Because I ones read it, and to be frankly speaking it actually changed the way I thought about money, used money and handled money ever since that moment. It is a book anyone who seems to unlock the untold truth about money needs to go grab, and I am sure you will definitely thank me later.
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Desmong
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July 04, 2022, 01:11:37 PM |
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I don't really get it like you win or you learn. Does failure really attract learning? Is failure attached to learning? We all need to learn not looking at it whether we are young or aged. Learning should come to us everyday and if we think of winning without learning then most time it doesn't works. Learning should be a daily interest and it should keep going.
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DVlog (OP)
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July 04, 2022, 04:41:55 PM |
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I don't really get it like you win or you learn. Does failure really attract learning? Is failure attached to learning? We all need to learn not looking at it whether we are young or aged. Learning should come to us everyday and if we think of winning without learning then most time it doesn't works. Learning should be a daily interest and it should keep going.
It depends on what type of learning you are referring to. We can learn a lot of things by reading books or watching tutorials but when we need to work on those things by ourselves it won't give us the same output. This happens most of the time because we lack any experience. So when you are doing something by yourself you will make mistakes and understand why that happens and how to overcome that. So there is not anything called a failure here if you think this way. Either your attempts will be successful or your mistakes will teach you how to be successful next time. Failuer is just a word.
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bitgov
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July 04, 2022, 06:39:41 PM |
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I don't really get it like you win or you learn. Does failure really attract learning? Is failure attached to learning? We all need to learn not looking at it whether we are young or aged. Learning should come to us everyday and if we think of winning without learning then most time it doesn't works. Learning should be a daily interest and it should keep going.
depends on the mindset of people - most of the time - - people have strong nerves and they get right back up after a failure. But some get disappointed and loose all the hope. In both the case. Life goes on! one should get out of the trauma the sooner the better.
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Kasabus
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July 04, 2022, 07:16:51 PM |
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Recently I was reading one of the famous books called " Rich Dad and Poor Dad". This quote just changed my thoughts and reduces my depression. Like many others, I myself also made a huge loss in this recent BTC crash.
When I first came to the crypto world I start with only a laptop. This was all I have and I made a good amount of money because of the last bull season. But because of poor money management and lack of experience, I took a big amount of loss too. I do make some losses but the lesson learned is priceless.
1. Money management is very important. It is better to have some plan than no plan. 2. Opportunity will come again and again so do not FOMO. 3. Anything could go to zero no matter how big the project is(Luna disaster).
Now I know how cash circulates into the crypto markets. I know fundamentals are the most important part of a project. I again could do mistakes in the next bull season but I will be more mature than to handle the situation. I do take some losses but the lesson it gave me would save a hell lot of money in the future.
This is why in the crypto market, either you win or lose in trading or investing, the result will still be worth it. Because if you think you lose your funds, that mistake also teaches you and leaves a good lesson to learn, which i think will be a good motivation to improve yourself and not to do the same mistake again because for sure you will gain the same result. So definitely, there is still a win-win scenario that takes place. And while you chase for profits but still end up with some mistakes, i think that's also part of learning in crypto.
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og kush420
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July 04, 2022, 08:40:28 PM |
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This is why in the crypto market, either you win or lose in trading or investing, the result will still be worth it. Because if you think you lose your funds, that mistake also teaches you and leaves a good lesson to learn, which i think will be a good motivation to improve yourself and not to do the same mistake again because for sure you will gain the same result. So definitely, there is still a win-win scenario that takes place. And while you chase for profits but still end up with some mistakes, i think that's also part of learning in crypto.
Not in crypto world but also in all phases of life we are so learning good or bad lessons. Be it gambling - our personal or professional life decisions we are always learning. Life is so unpredictable and so is gambling so your have be extra care in each bet.
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Hamphser
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July 04, 2022, 09:34:24 PM |
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This is why in the crypto market, either you win or lose in trading or investing, the result will still be worth it. Because if you think you lose your funds, that mistake also teaches you and leaves a good lesson to learn, which i think will be a good motivation to improve yourself and not to do the same mistake again because for sure you will gain the same result. So definitely, there is still a win-win scenario that takes place. And while you chase for profits but still end up with some mistakes, i think that's also part of learning in crypto.
Not in crypto world but also in all phases of life we are so learning good or bad lessons. Be it gambling - our personal or professional life decisions we are always learning. Life is so unpredictable and so is gambling so your have be extra care in each bet. All phases in life indeed and not only limited on gambling but also in other aspects where failures do make out that learning so that you would really be making yourself more better compared back into the past or when you are just starting on what you are engaging on.Not all would really be having that kind of mindset since they do directly quit when experiencing unfortunate events but this isnt something that should really make yourself to do so because its part of the learning process. You do win or make profits but mistakes and errors is something that cant really be removed or avoid on thats why always presume about those probabilities or chances because it cant really be that simple on dealing specially if it do touches on investing and specially with gambling which we know that winning is really in lowest chance or odds specially for long term aspect.
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sovie
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July 04, 2022, 09:48:41 PM |
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All phases in life indeed and not only limited on gambling but also in other aspects where failures do make out that learning so that you would really be making yourself more better compared back into the past or when you are just starting on what you are engaging on.Not all would really be having that kind of mindset since they do directly quit when experiencing unfortunate events but this isnt something that should really make yourself to do so because its part of the learning process.
You do win or make profits but mistakes and errors is something that cant really be removed or avoid on thats why always presume about those probabilities or chances because it cant really be that simple on dealing specially if it do touches on investing and specially with gambling which we know that winning is really in lowest chance or odds specially for long term aspect.
Very nicely stated. We are always learning - at every step of our life. I know a person who is 82 years old. And he mentions - that he still makes mistake - God know when he will learn not to be fooled by other. Every time we meet a different juggler in our lives - in professional and personal life both. The only thing we can do is not to trust anyone blindly.
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Captain Corporate
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July 04, 2022, 09:58:35 PM |
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If you are capable of learning, then yes even losing is not a big deal, but how many people could actually do that? I personally hope that the best thing we could do about crypto is just buying as much as we can afford and just keep DCA your way into wealth. Anything about that seems like a trouble. Why would I need to "learn" something when I make a mistake? Why would I make a mistake? Just buy, keep on buying, buy each month, and then when you are old be elon musk, thats it. Why do something more than that? Never made any sense to me that people are so fired up about making some profit on trading.
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GowithMi_GMAT
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July 04, 2022, 11:05:15 PM |
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Trading when fomo on coin occurs has a very big risk, especially if we lack information about the coin so that we can buy or sell coins at the wrong time so that we get big losses, in the case of Luna for example there I think there must be a lot of people who suffered a big loss due to following the FOMO flow at that time because he thought Luna would recover quickly because of the problem without changing the coin status, but what happened was quite the opposite. So it all can indeed be an expensive lesson.
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Theones
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July 04, 2022, 11:40:59 PM |
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Trading when fomo on coin occurs has a very big risk, especially if we lack information about the coin so that we can buy or sell coins at the wrong time so that we get big losses, in the case of Luna for example there I think there must be a lot of people who suffered a big loss due to following the FOMO flow at that time because he thought Luna would recover quickly because of the problem without changing the coin status, but what happened was quite the opposite. So it all can indeed be an expensive lesson.
Luna was disaster - my two friend lost confidence over coins after they have see the LUNA faith. They wished they would not have wasted their money in LUNA and keeps on telling everyone not to invest in coins. However there are other people who are happy investors in coins.
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Slow death
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Leading Crypto Sports Betting & Casino Platform
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July 04, 2022, 11:53:02 PM |
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Trading when fomo on coin occurs has a very big risk, especially if we lack information about the coin so that we can buy or sell coins at the wrong time so that we get big losses, in the case of Luna for example there I think there must be a lot of people who suffered a big loss due to following the FOMO flow at that time because he thought Luna would recover quickly because of the problem without changing the coin status, but what happened was quite the opposite. So it all can indeed be an expensive lesson.
Luna was disaster - my two friend lost confidence over coins after they have see the LUNA faith. They wished they would not have wasted their money in LUNA and keeps on telling everyone not to invest in coins. However there are other people who are happy investors in coins. I see youtube channels (Brazilian channels) encouraging people to buy this altcoin because they still believe it can recover, something sad because it seems that most people didn't understand the seriousness of the situation, the guys from luna can still face judicial proceedings or it could still be hiding more things that would make the price drop even further. but to my shock luna became Terra Classic ( LUNC ), honestly, I thought that the creators of the project would be ashamed of themselves and close the project, but they went to create another shitcoin (they changed the name) and the price did not go up, unlike the project looks dead
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AicecreaME
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July 05, 2022, 02:24:38 AM |
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Trading when fomo on coin occurs has a very big risk, especially if we lack information about the coin so that we can buy or sell coins at the wrong time so that we get big losses, in the case of Luna for example there I think there must be a lot of people who suffered a big loss due to following the FOMO flow at that time because he thought Luna would recover quickly because of the problem without changing the coin status, but what happened was quite the opposite. So it all can indeed be an expensive lesson.
I've seen many people in the group I belong to suffered massive losses from the sudden unexpected dump of luna. Unfortunately, some of them lost so much beyond what they can afford just because of the hype coming from the mainstream media. This is why it's important to know something before investing to avoid regrets and losses. Investing because of the hype and fear of missing out might cost you a lot if the odds won't be on your side. Which oftentimes happen because that's how the market moves. Sudden fluctuations happen then and there so you must know how to read the trend and do technical analysis not only lucky guessing.
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