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Author Topic: Let fear to lose be motivation to learn  (Read 1298 times)
Odusko
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September 29, 2023, 04:13:37 PM
 #21

There is an old saying about fear which goes like this:
Fear can save your life, but fear can never give you what you want, so what that means is that every life depends on fear, because is your anxiety that birth attempts, and once you conquer your fear, you have won the battle into self-realization.
So you have to know that everything you want is on the other side of fear and until you cross over to the other you can't get everything you want.
The same applies to both trading and investment and that is the reason you have to take only calculated risks and reduce the level of your fear at all times because not doing so may affect your decision-making processes which can lead to more losses.

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September 29, 2023, 04:21:11 PM
 #22

Being afraid of losing or losing some of your money in trading is a natural feeling. We all do not like to lose money, but what is not understood is the loss of all of your capital or large amounts, as it indicates a problem in your investment strategy. If you diversify your investments, the possibility of there being a loss will decrease. All your capital and the problem becomes how to reduce losses to be much less than profits and thus trading will be profitable. More learning will put an end to the idea of losing all the money from your head and will reduce the loss of large amounts. The only problem remains reducing losses compared to profits.
Their is no way one can avoid lose in trading, it is something that is always their that every trader will experience.  But the lose i am talking about is the one that is caused due to lack of understanding,  this type of lose always comes big.
I don't know what you guys are so crazy about trading. It is clear that the marketing that promotes it has you well eaten in the head. If you are afraid of trading, just don't do it. I'll give you another reason, well over 90% of traders lose money, this in the stock market, and I'm sure that with cryptocurrency trading is even closer to 100%. So if you are afraid of losing money with trading, you are right. So don't do it.
It is either to stay away from trading or to have a better understanding about it for better outcomes than to trade with no understanding expecting to get better results at the end of the trading exercise.
It is normal to have fear and worry about the investment made with Bitcoin.  I agree with @OP that to quell that fear, one must strive to learn and acquire knowledge about the venture he is investing with or trading with.  

Knowledge is the best solution for fear since fear is caused by worries about unknown circumstances and having knowledge about Bitcoin trading, the cycles, and the patter of the Bitcoin market will assure us of something in the future.  So learning these knowledge will make us diminish the fears and worries and we will have peace of mind holding our BTC and be ing patient to wait for the future great opportunity to profit.
Learning to understand is the main thing people need when it comes to trading and investment. Understanding is the only instrument that can help to get the kind of results everyone desires in trading.  This is what everyone needs but people try to do without learning , thinking it is just easy to make good trading.

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September 29, 2023, 04:32:19 PM
 #23

Since I know cryptocurrency my biggest fear is to lost all my capital or large amounts in trading or investment, because of the fear in me I don't do things that I'm not sure of or things I don't know. My fear to lose have always been a motivation or a reason for me to know things concerning cryptocurrency,  I fear to start trading when I'm of myself that I know nothing to trade , fear to start investment when I know that I don't have a source of income.

My fear have been a motivation to learn,  even If I start trading I may lose but not to lose everything because of the understanding I have. My fear to lose have always made me to take the right decisions and not to make money money my first ultimate in trading and investment but understanding as my first priority.

Fear is a natural emotion in every human being, no one wants to lose money when they invest their funds in Bitcoin if you are afraid to invest you will never achieve your goal if you don't want to lose your capital, investing in Bitcoin reduces your risks more than trading investors are not afraid to lose because they believe that one day they will make a large profit, If you are afraid to invest you will never achieve your goal.

If you do not have knowledge on trading you will be losing because you cannot win without knowledge on Bitcoin trading, with the idea of trading you will not be afraid because you know you will get profit because you understand the trading system, Is better you have a source of income before you begin your trip in investment or trading, You can simply utilize your profit and invest to make another profit but the price can change at any time, which is why you need to find a place where you can create money before starting investment.

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September 29, 2023, 04:37:39 PM
 #24

The fear that you will run at loss in a business is what will make you very careful in whatever decisions that you are making. In crypto trading it is even more worst because of the volatile nature of bitcoin. If you say that you being scared helps you to make the right decisions and steps, that good as long as it works for you.

It is better that when your mind is not at rest with trading, you need not to think of it, because trading is risky and you might end up running at great loss, especially as a newbie. I wouldn't dare think of trading because am cool with investing, as this gives me rest of mind since am investing in a long period of time.

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September 29, 2023, 06:18:51 PM
 #25

Since I know cryptocurrency my biggest fear is to lost all my capital or large amounts in trading or investment, because of the fear in me I don't do things that I'm not sure of or things I don't know. My fear to lose have always been a motivation or a reason for me to know things concerning cryptocurrency,  I fear to start trading when I'm of myself that I know nothing to trade , fear to start investment when I know that I don't have a source of income.

My fear have been a motivation to learn,  even If I start trading I may lose but not to lose everything because of the understanding I have. My fear to lose have always made me to take the right decisions and not to make money money my first ultimate in trading and investment but understanding as my first priority.

I know some of my mates who are into  cryptocurrency that phobia to lose but even with the fear to lose they still go ahead to trade. If beginners allows their fear to motivate them to learn first their won't be drastic lose in trading.


You don't need to be afraid of losing your money in trading, because it will surely happen, I remember my first time in Forex trading, I burnt my fingers, my coach then, told me it's very Ok, but it wasn't a large sum, it was just little as a beginner.

As first time trader, you just need to start with a little amount so you can know those mistakes you've made and learn how to avoid it.
Don't be too afraid, there is always victory at the other side of fair, fair is the veil that is in front of your goals, once you remove the veil you will see your dreams coming to reality. But try as much possible to equip yourself with knowledgeable trading skills, like do more your self-education.

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September 29, 2023, 07:12:32 PM
 #26

Fear sometimes can trigger the hidden grief in you, causing you to become more nervous than you should be ... Especially when you're not well schooled in the whole thing; Trading isn't something anyone should just wake up, relying on the tips from senseless and ADs promoting YouTubers... you'll eventually lose all your money!!
Some other times, to be free, you'd need to overcome your fear.

Sandra 🧑‍🦰



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September 29, 2023, 08:11:56 PM
 #27

Fear is an emotion that can be useful to us but we have to be careful or else it will make us docile.
That's why it's best to invest what you can afford to lose. It's good to be scared but it doesn't mean you'll let that fear make decisions for you. Try to be rational and analytical. Fear shouldn't rule you instead it should be a reminder that you need to be careful.

So are you trying to say fear is your drive in the crypto space?

OP never said fear is what drives him in crypto. He's only saying fear makes him cautious. Fear makes him take his time in whatever he does and to him it has made him make the best decisions.

R


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September 29, 2023, 08:12:34 PM
 #28

Since I know cryptocurrency my biggest fear is to lost all my capital or large amounts in trading or investment, because of the fear in me I don't do things that I'm not sure of or things I don't know. My fear to lose have always been a motivation or a reason for me to know things concerning cryptocurrency,  I fear to start trading when I'm of myself that I know nothing to trade , fear to start investment when I know that I don't have a source of income.

My fear have been a motivation to learn,  even If I start trading I may lose but not to lose everything because of the understanding I have. My fear to lose have always made me to take the right decisions and not to make money money my first ultimate in trading and investment but understanding as my first priority.

I know some of my mates who are into  cryptocurrency that phobia to lose but even with the fear to lose they still go ahead to trade. If beginners allows their fear to motivate them to learn first their won't be drastic lose in trading.
You said well, but newbies will not use their fear to motivate them to learn first, instead, they will try to be more skeptical and will try to learn from as many influencers as they can, they will try to watch trading videos, But I am saying again that they will not try to learn. Because they will be looking at the wrong videos and following the wrong influencers. They must be watching videos that are 5 to 10 minutes long and that would teach them trading, instantly.

They want to learn the trading overnight and end up learning nothing, and by losing more by not learning anything they will start to fear more because they know start to say others that they gave time on learning and learnt a lot but still we made loss.

They will say, crypto trading is gambling, etc. But the education with practical is what they should do and they should start to ignore videos that are 5 to 10 minutes long and they should start to follow influencers that are not only the ones having blue tick, while judge them with their past posts and history of their trades etc.

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September 29, 2023, 08:13:08 PM
 #29

You mean you let fesr affect your decision in crypto space?. If you are like that then I think you will miss some opportunities due to being afraid to lose your funds. Having some bad experiences is what makes us learn what to do and make good decisions instead of not trying at all. To be honest, it already happened to me where I am afraid to buy it and later that time, the price did increase and I miss the opportunity to sell for higher price.

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September 29, 2023, 08:25:08 PM
 #30

Fear sometimes is actually a good guide to decision making because our fear of certain things make us cautious about the possibility of what might actually happen if it all goes wrong. But fear also reduces your chances of making that decision and risk that might possibly blow you up, and I don't know of you actually familiar with the saying that implies "no risk no gain". Fear can limit this part in our life but sometimes too some risk aren't worth trying if you know what I mean.

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September 29, 2023, 09:08:09 PM
 #31

Since I know cryptocurrency my biggest fear is to lost all my capital or large amounts in trading or investment, because of the fear in me I don't do things that I'm not sure of or things I don't know. My fear to lose have always been a motivation or a reason for me to know things concerning cryptocurrency,  I fear to start trading when I'm of myself that I know nothing to trade , fear to start investment when I know that I don't have a source of income.

My fear have been a motivation to learn,  even If I start trading I may lose but not to lose everything because of the understanding I have. My fear to lose have always made me to take the right decisions and not to make money money my first ultimate in trading and investment but understanding as my first priority.

I know some of my mates who are into cryptocurrency that phobia of losing but even with the fear of losing they still go ahead to trade. If beginners allow their fear to motivate them to learn first there won't be drastic loss in trading.

Fear is the biggest enemy of success, you don't because of the heat in the kitchen and avoid cooking. That means you don't want to take risks, no risk no reward. One problem that people have is that they are not willing to learn, though trading is not for everyone but if you find it interesting you must pay the sacrifice, in the sense that you must dedicate a significant amount of time to learning.

 I started my trading journey around 2017 but that was not the year I began to understand trading,  though I didn't put enough effort until 2019 when I dedicated my time and energy to learning and there came improvement afterwards.

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September 29, 2023, 09:29:05 PM
 #32

Since I know cryptocurrency my biggest fear is to lost all my capital or large amounts in trading or investment, because of the fear in me I don't do things that I'm not sure of or things I don't know. My fear to lose have always been a motivation or a reason for me to know things concerning cryptocurrency,  I fear to start trading when I'm of myself that I know nothing to trade , fear to start investment when I know that I don't have a source of income.

My fear have been a motivation to learn,  even If I start trading I may lose but not to lose everything because of the understanding I have. My fear to lose have always made me to take the right decisions and not to make money money my first ultimate in trading and investment but understanding as my first priority.

I know some of my mates who are into  cryptocurrency that phobia to lose but even with the fear to lose they still go ahead to trade. If beginners allows their fear to motivate them to learn first their won't be drastic lose in trading.

For those who are still not capable to trade, it's better to fear not to trade so you can avoid inevitable losses. But if you are already in the trading industry, it's always a motivation to be fearful and to risk things like most of the successful traders often do. However, make sure that you know the weight of those risks so you can easily manage and overcome all those risks.

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September 29, 2023, 09:38:08 PM
 #33


I know some of my mates who are into  cryptocurrency that phobia to lose but even with the fear to lose they still go ahead to trade. If beginners allows their fear to motivate them to learn first their won't be drastic lose in trading.

That will depend on our risk appetite, some people can take it high while others just can take it low. Fear is a big factor that would affect our decision making and honestly, it was hard to deal with it when we already have that phobia. Therefore, better to keep it low and never make this a motivation because that still appears someday and becomes a reason for our losses.
We have to keep in mind that trading is too risky and it is hard to keep your mind strong if you already have the fear inside.
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September 29, 2023, 09:51:41 PM
 #34

The fear to lose is normal for us human beings. Because if you don't feel that certain emotion, you will look like a robot who have always been emotionless. However, I can see your good intention in your post. But always know that if you stay fearful all the time, it will never let you grow on your craft. Don't be afraid to lose, instead make it as your motivation to improve your trading knowledge and skills so you can lessen the risk to lose.
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September 29, 2023, 09:56:17 PM
 #35

I know some of my mates who are into  cryptocurrency that phobia to lose but even with the fear to lose they still go ahead to trade. If beginners allows their fear to motivate them to learn first their won't be drastic lose in trading.

It could be, and this might be more about how we become more careful and care about what we are going to do. Fear of losing money due to trading or investing is a reason for us to prepare ourselves carefully when we want to do it. So we want to learn and understand what crypto trading or investing in crypto is. So at least, we are not careless when doing or entering the world of crypto. This precaution is very necessary here.

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September 29, 2023, 10:09:37 PM
 #36

Since I know cryptocurrency my biggest fear is to lost all my capital or large amounts in trading or investment, because of the fear in me I don't do things that I'm not sure of or things I don't know. My fear to lose have always been a motivation or a reason for me to know things concerning cryptocurrency,  I fear to start trading when I'm of myself that I know nothing to trade , fear to start investment when I know that I don't have a source of income.

My fear have been a motivation to learn,  even If I start trading I may lose but not to lose everything because of the understanding I have. My fear to lose have always made me to take the right decisions and not to make money money my first ultimate in trading and investment but understanding as my first priority.
Conquering our fears as newbie traders depends on how much risk we are willing to expose ourselves in based on how much capital we have available. You can be having a $100 capital and be taking a risk that someone with $1000 should take in his trades.

If your  using $20 per risk you taking in eqch trade with $100 you've just 5 times of learning from it while,

With $1000 you have multiple times of 5 to learn on that fear taking the risk involved. So it therefore mean that capital has  a lot to do with  how much risk we can take as traders while trying to conquer our fears.


Quote
I know some of my mates who are into  cryptocurrency that phobia to lose but even with the fear to lose they still go ahead to trade. If beginners allows their fear to motivate them to learn first their won't be drastic lose in trading.

Even the experience trader with years of trading makes losses with or without fear losses will be there for traders, what's important is not to incur losses beyond our paycheque as that will be tragic.
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September 29, 2023, 10:19:40 PM
 #37

My fear have been a motivation to learn,  even If I start trading I may lose but not to lose everything because of the understanding I have. My fear to lose have always made me to take the right decisions and not to make money money my first ultimate in trading and investment but understanding as my first priority.
Fear doesn't sound like a good thing at all but in your case, I can say that you have the good or positive type of fear. This fear is not the crippling one but the  one that helps the individual take up full responsibility and accountability for their crypto assets. On the other hand, the fear that leads people to panic and sell off their assets is bad or worse type of fear. Well I would conclude that the more you know about Bitcoin.
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September 29, 2023, 10:32:53 PM
 #38

My fear have been a motivation to learn,  even If I start trading I may lose but not to lose everything because of the understanding I have. My fear to lose have always made me to take the right decisions and not to make money money my first ultimate in trading and investment but understanding as my first priority.





Kill your fear and make up your mind to learn and stop procrastinating if you have got the knowledge on how to trade,call I think you need right now is to let the fear of losing funds get in to your head because you can't win all the time meaning that you get to win sometimes and lose sometime again you can win all the time even though you are a winner.

Now if your aim of  trading isn't to make profit then don't trade because I don't think you are ready since making money is not your priority simply focus on building your knowledge on trading and hoping that you can really get better and make more profit than yo yever expected

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September 29, 2023, 10:46:36 PM
 #39

Since I know cryptocurrency my biggest fear is to lost all my capital or large amounts in trading or investment, because of the fear in me I don't do things that I'm not sure of or things I don't know. My fear to lose have always been a motivation or a reason for me to know things concerning cryptocurrency,  I fear to start trading when I'm of myself that I know nothing to trade , fear to start investment when I know that I don't have a source of income.
The fear of loss that you have within yourself when you are new to cryptocurrency is a very common thing, because it is very natural for someone to immediately experience fear when they do not have sufficient knowledge of what they have just learned about. Your motivation for fear of loss is very reasonable and quite logical because other people might not be so determined to trade or invest in cryptocurrency when they still don't have that much knowledge about it.

Quote
My fear have been a motivation to learn,  even If I start trading I may lose but not to lose everything because of the understanding I have. My fear to lose have always made me to take the right decisions and not to make money money my first ultimate in trading and investment but understanding as my first priority.
Fear that can generate motivation to learn is a very good fear, because with it you can avoid small losses after you learn everything related to trading and investing in the cryptocurrency that you like. Anything that can encourage a person to continue learning until he can truly control himself from his emotions and lust for profit is quite a good thing for that person. So I think the fear you have experienced is not a bad thing because it can lead you to more mature learning for yourself.

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KingsDen
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September 30, 2023, 07:46:14 AM
 #40

You may see it that fear has made you not to lose money in cryptocurrency when you do not have the knowledge of it. I understand that some newbies will always want to trade and invest when they do not know anything about cryptocurrency and Bitcoin. But I am also not impressed in your testimony because you are not supposed to be fearful of losing. If  you are very scared of losing your money, that means you may never make more money. What you need to do is simply to take your time and advance your skills in bitcoin trading and investment. When you have learnt alot, you will be confident and no longer afraid of losing.

Even  in our daily lives, we lose in one way or the other so stop being scared and do your best in the cryptocurrency market?

R


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LLBIT|
4,000+ GAMES
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