It's alright to lose and learn

[Taskford]

Lossing is part of the process to learn but it doesn't mean that we could lose huge amount of money to learn something. There are statement of other which lose tons of money which we can learn from and maybe their experience could be a good basis for us so that we can also learn.

The only matter here is how we absorb the information we receive and those learning experience we encounter since if we keep pushing on things unnecessary maybe we will lose more and that's not totally ideal to us.

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[Cryptomultiplier]

Some of the greatest lessons learned have come from observing mistakes and then making the necessary corrections. Your story of loss is among many told and what I love the most is your resilience in not relenting. You did not allow the loss to change your perception about how to reap the benefits from something you know is promising.
I have learnt and still learning the best way to trade Bitcoin, but have also encountered some losses. Just as rightly put, there is the right way to trade, which if upon learning it, one can make a profit immeasurably.

[Oceat]

Lossing is part of the process to learn but it doesn't mean that we could lose huge amount of money to learn something. There are statement of other which lose tons of money which we can learn from and maybe their experience could be a good basis for us so that we can also learn.

The only matter here is how we absorb the information we receive and those learning experience we encounter since if we keep pushing on things unnecessary maybe we will lose more and that's not totally ideal to us.

Yes, I agree and this may sound like unfair but that's how it is and everyone are on the same track as the OP just like what the newbies are experiencing in their first time/mistakes. Losing is not a failure or end it just means it's the start of the new beginning because you have to learn all of those mistakes in the past in order to move on into the future or else you'll get stuck there forever.

Some may learn it the easy way and some will learn it the hard way. Just keep grinding and learning.

[Rengga Jati]

Loss is a part of process.
 From loss, we can get the experience
From loss, we can get right evalutaion
From loss, we can learn more things
and from loss, we can decide what to do for the next strategy

A loss will be valuable f we can really take the lessons and evaluation from the loss, and arrange better and more suitable strategy that work really for our trading.
But, if we cannot learn from loss, this means nothing. and gettng worse.

[LogitechMouse]

I wasn't alone on the road to wasteful investment. I had friends who joined me or most likely encouraged me into it, but right now they are cursing cryptocurrency.

This is the reason why sometimes; I feel hesitant towards teaching other people around me regarding cryptocurrency in general. It might come to a point where they will blame me if their initial investment is at a loss.

1. How to control my emotions in cryptocurrency: before now I had issues with controlling my emotions generally and even though I had intelligence on certain things. My emotions becloud my sense of judgment. But after losing serially over one year in cryptocurrency I think that aspect is improved.

Being emotionless is one of the important factors when it comes to investing. Only anime watchers will know this but if you know the Protagonist of the anime "Classroom of the Elite" then be like him or if you didn't watch it yet, watch it then you might become emotionless after watching it .

Anyway, I'm full of emotion when I started investing into crypto and because of that, I made reckless decisions. I sold at a loss, got FOMO'ed etc. etc. but over the years, I learned how to be emotionless and until now I'm still the same. I don't care about the volatility. I don't panic at all, and I always stick to my strategies.

2. Letting people control you:  I have come to discover that there are so many different characters in cryptocurrency both online and offline(close to you) many of them with different schools of thought on investment, trading, and cryptocurrency in general, as a newbie I have learnt that you ought be careful on the knowledge you get feed. Many of which are wrong, unproven, and sent out by the sender based on what they were paid.

That's also the reason why I always research twice before making decisions. In the world of internet, there are always information out there that are fake that's why don't focus on one but, if possible, research twice. Letting people control you is a bad thing. Just follow your decisions based on the research you've made. Just follow your own strategy that works for you.

4. No shame in starting from scratch: using myself as an example I am starting fresh and going back to the very basics and I am not ashamed to admit that. The good news is that I am better experienced and more mature.

Traders started from scratch. Businessmen started from scratch. Everything comes from a scratch.
There is nothing wrong with starting with scratch. What's wrong is that you will not start to make that scratch. If you made a mistake, start over again. Successful people made mistakes more than what you think before they became a successful one. The first try you might fail, the second one you might fail again, if you succeeded in the third one and you already know what will do then that will make you a successful one.

[lovesmayfamilis]

There is a good saying that says that the one who does nothing makes no mistakes. 
And accordingly, such a person will not have anything that could make his life better. It is only through mistakes that we acquire a thick skin called experience. 
It can even be said that if you do not give up after some losses, then you will definitely have a white streak ahead. A lot of people are disappointed in bitcoin, and only those who have a core of life, as a result, find success.

[Pmalek]

Judging by the post history, her friend's experience happened before August 30, and the OP admits that she had no money then - and her experience comes almost a month later, so in my understanding, both events are timed apart.

The posts aren't exactly easy to follow. In the post from 30 August, she does mention she had no money to invest back in the days when they discovered that "Bitcoin invest" platform on WhatsApp. But only a month after that, she already talks about her negative experiences with investing in crypto. Finally, in the OP of this thread, she claims to have been on the losing side for over one year. It's not easy to follow the timeline. 

[bakasabo]

I find it normal to lose and learn, as we "learn from our mistakes". But I suggest first to learn as much as possible from other people failures, as that might limit the amount you lose. That is why such topics and forums are important. However, a person must make conclusions from his and other peoples losses. Simply reading and knowing is not enough. In addition, a person must be brave and oriented on result, and dont drop everything after a failure.

[Lucius]

~snip~ 

I also noticed that the year was mentioned in the OP, but I took it as a reference to this current year, at least it made sense to me considering the post history. However, that timeline doesn't seem so important to me in the sense that it all really happened, although I have to admit that there are a lot of personal experiences of some members that are, to say the least, doubtful.

[traderethereum]

I find it normal to lose and learn, as we "learn from our mistakes". But I suggest first to learn as much as possible from other people failures, as that might limit the amount you lose. That is why such topics and forums are important. However, a person must make conclusions from his and other peoples losses. Simply reading and knowing is not enough. In addition, a person must be brave and oriented on result, and dont drop everything after a failure.

If we can learn from our mistakes, it can add lessons for ourselves so that we can improvise our abilities to be better than before.
In addition, by learning from our mistakes, we can find out where the mistakes are and avoid them later when we start again.
And if we can continue to learn and practice it, it can be more useful for us so that our abilities can improve.
Once we find out where the fault lies, we can continue what we started and the results will differ from before.

[Marvelman]

I also noticed that the year was mentioned in the OP, but I took it as a reference to this current year, at least it made sense to me considering the post history. However, that timeline doesn't seem so important to me in the sense that it all really happened, although I have to admit that there are a lot of personal experiences of some members that are, to say the least, doubtful.

Definitely. Some of the sob stories and personal experiences we see here are quite frankly just not believable. Even if they did happen, they would definitely not be as traumatic as many of these people make them out to be. And when I see these kinds of posts, it makes me wonder about the validity of those experiences and whether or not they're real or just people trying to get attention or sympathy and pity. I'm not saying that all experiences posted here are false or made up, but there are some that definitely appear to me to be dubious at best.


OP, it's perfectly natural to experience a range of emotions when going through a financial loss and it’s okay to feel angry, sad or otherwise upset, and everyone should feel free to express them. It might be hard to think of your loss as a positive, but you will undoubtedly learn from this experience, no matter how painful it is. This can help you plot a better course for your financial future, and save you from drawing on debt again if the economy takes a turn for the worse. Even people who file for bankruptcy go through their own period of self-reflection, and each person has to decide if they want to try to chase their dream again, or if they want to take a much different path.

[_BlackStar]

OP, it's perfectly natural to experience a range of emotions when going through a financial loss and it’s okay to feel angry, sad or otherwise upset, and everyone should feel free to express them. It might be hard to think of your loss as a positive, but you will undoubtedly learn from this experience, no matter how painful it is. This can help you plot a better course for your financial future, and save you from drawing on debt again if the economy takes a turn for the worse. Even people who file for bankruptcy go through their own period of self-reflection, and each person has to decide if they want to try to chase their dream again, or if they want to take a much different path.

Of course, a person can always express his feelings no matter what he is going through. However, if due to losses in trading activity, then it should be a valuable lesson for the future.

Losses and failure should not make them weak, it should be a good momentum to increase their knowledge and experience in the future. By nature crypto trading is a risky activity, so considering the consequences is important. The best advice for everyone is to always invest in with money can afford to lose, this will keep emotions under control.

[Pokapoka124]

I recently posted an update about my bitter experience with cryptocurrency in over a year. I am not financially stable or okay yet but I am trying to build independence for myself, although I had read some theoretical approaches to things I went the wrong way and I paid the price in full.

I wasn't alone on the road to wasteful investment. I had friends who joined me or most likely encouraged me into it, but right now they are cursing cryptocurrency.

I may have lost much though but I had learned
1. How to control my emotions in cryptocurrency: before now I had issues with controlling my emotions generally and even though I had intelligence on certain things. My emotions becloud my sense of judgment. But after losing serially over one year in cryptocurrency I think that aspect is improved.

The famous quote “What doesn’t kill you makes you stronger” has a lot of truth to it. We have all had our good and bad days in the crypto space. Most were in my newbie days trying to learn about bitcoin in telegram groups and channels. I don’t need to continue for you to know how that went. The loss led me to the forum and looking at how I started I’m grateful for the experience.

2. Letting people control you:  I have come to discover that there are so many different characters in cryptocurrency both online and offline(close to you) many of them with different schools of thought on investment, trading, and cryptocurrency in general, as a newbie I have learnt that you ought be careful on the knowledge you get feed. Many of which are wrong, unproven, and sent out by the sender based on what they were paid.

Knowledge is power. Lack of information results ignorance and ultimately cause bad decisions. All this can be avoided if newbies do their own research. With the right information, one can scale through without being a victim. As a rule of thumb it’s a must to do your own assessment of any investment you may be interested in. Be skeptical about every investment, money doesn’t grow on trees.

[qwertyup23]

4. No shame in starting from scratch: using myself as an example I am starting fresh and going back to the very basics and I am not ashamed to admit that. The good news is that I am better experienced and more mature.

No need to be shamed. You dont need to impress other people to see that you made it. Someone is only doing that to make himself visible. A true crypto enthusiast doesnt need to brag anything he founded or aqcuired. Learning in crypto could be hard but if you are open to a lot of criticism and even accept that there are people who are more succesful than you then it will be okay. Remember that we have our own success story and yours are just yet to start so be patience.

Everything and everyone has to start from somewhere. I remember reading this quote where it stated that "In order for you to be good at something, you must suck at it first." Do not be ashamed from starting all over again from scratch and being a beginner- every veteran and crypto enthusiast was once a beginner!

Experience will always be the best teacher along the way. No matter how many times you read books about cryptocurrencies, experience will teach you something that just cannot be learned from reading. In addition, it is one of the most effective ways of personally experiencing cryptocurrencies.

[GeorgeJohn]

Having the mindset of losing funds and understand what you don't know is not a good conception indecencies that can lose everything at a particular time. So it's encouraging to understand the rudiments of everything concerning what you wants to venture into before taking a risks, so that if it goes wrong you will correct yourself without completing of the were the error emanate from.

[Mate2237]

In life "experience is the best teacher", those who are from the silver spoon family and they know that they want to be among the middle class, they hustle and struggle. And in the process of the hustle they lose and lost valuable things along the line. Those who think well like to live alone and build their lives from there. They don't like "mama thank you" at that stage of their life. Some time the wasteful investments made by you on the net or offline are to know the areas you will not invest again and also direct people not to go there.

That is why there is a general saying that, "it was a bitter experience but you learned lesson from it". Everyone has their emotion on cryptocurrency. If one does not control his or her emotion on cryptocurrency, one might even attempt suicide because the movement of the market. Some people even borrowed money to invest and when the market is not going up to their expectation. They might think the opposite.

You don't have to control by others because of cryptocurrency. Mostly online people will want you to send them money for them to use it invest for you. I always tell people instead of giving money to people to invest for you, they should come here and learn how to do it and invest it by themselves.

[Vaculin]

4. No shame in starting from scratch: using myself as an example I am starting fresh and going back to the very basics and I am not ashamed to admit that. The good news is that I am better experienced and more mature.

You should have started from the basics when you first began your journey. Knowledge is the first thing you gain when planning an investment, before you consider putting in your money.

With the current situation, you're not starting from the scratch, you're restarting now, with a bit of experience.
Many of the high ranked members here, might have made one or two mistakes during the start of their Bitcoin journey, and have learnt valuable lessons along the way.

Every successful investor has its own humble beginning, and it’s not a shame that they mostly started from a scratch. And for sure, mistakes and losses are very possible these days. However, with OP, even if he is already restarting already, the good thing is he never resort into quitting. That’s the attitude we need in crypto, we should always move forward despite from all mistakes done and not move backward. That way, you will grow as an investor, that will help you throughout your valuable journey in crypto.

[Finestream]

Of course learning from a mistake is good, it is more like making the most out of an already bad situation, but you know it's pretty much better if you had learnt without making that mistake, that way you'd still have learnt, but the difference is you'd not have suffered any loss in the process, but i guess it is what it is.

Having said that, i think it has become quite common for newcomers to learn the hard way, whilst i feel sorry for their losses, i think most of these losses were simply self induced, and if quite a lot of them hadn't thought about cryptocurrency as a get-rich-quck scheme i'm pretty sure they wouldn't have had to endure losses in their learning process. Well i hope you've truly learnt your lessons because in this network people hardly do that, there are investors who jump on every new project and investment, despite the fact that they have lost so much money to pump and dump coins, but they still jump an any new one that's released, just blatant rinse and repeat.

Well, people will always say, there’s always a second chance for everyone, and it’s up to you how you will handle it in order not to fail again. Same goes with OP. I believe right now he’s more than enthusiastic and positive about his investment, and he’s more patient than before because he now understands the crypto investment. But just don’t expect that you will not fall again and face some losses, that is very normal in this very uncertain crypto market. What is important is that you know how to move forward.

[Sanitough]

But not all the time it is good to lose money in crypto just to learn  instead it is good and ideal that before making different projects in cryptocurrency-related is good to have a background check what are the things needed by a newbie by that you can get an idea where to start your journey next is if you can now manage the risk that's the way you make a decision it is good to make a risk or not with the journey you would like to take, again investment in knowledge and skills is a must before making an money investment.

Well, if you tolerate yourself to always lose than making profits, that will be another story. You will never be successful in the end. However, if you decide to always DYOR first so you can gain good knowledge and skills before taking investments, you will most likely to create minimal losses. That way, even if you lose, you still learn from them and become more motivated.

[isaac_clarke22]

~

No worries, OP.
I believe that many of us are feeling this when we fail in everything and not just in crypto, since we almost see all the time the success of people in social media and does anyone realize that it is quite rare for some people to show off their struggles like the specific struggles that they're going through.
Props to you, OP to showing off your struggles and not just the successes that you get. Small or big. Wishing you the best for success though!