Investment Become Gambling

[L E G E N D A R Y]

Bitcoin isn't like any other coins out there, and it also isn't a quick money scheme... Long term investment is only the most appropriate way of approaching Bitcoin... And that's coz it give folks the opportunity to learn, build their patience through experience, and also to understand more about Bitcoin while they are already involved in their accumulation... And when this patience and understanding is achieved through folks involvement, it tends to make it more easier to avoid any sort of investment mistakes...

Just because one spends a couple years in bitcoin or learning about Bitcoin will automatically make them immune to investment mistakes. Of course you'll still encounter situations that you'll eventually make a couple of mistakes, the only only difference is that you won't be completely naive and would know ways to be able to correct your mistakes early, rather than making more mistakes in an attempt to correct the previous mistake you've already made.

[Versatile_choice]

Just because one spends a couple years in bitcoin or learning about Bitcoin will automatically make them immune to investment mistakes. Of course you'll still encounter situations that you'll eventually make a couple of mistakes, the only only difference is that you won't be completely naive and would know ways to be able to correct your mistakes early, rather than making more mistakes in an attempt to correct the previous mistake you've already made.

Of course mistake is not limited to some set of people, rather it's something that happen to everyone, no one is above making mistake even though some people  claims that they don't make mistake but that's not true rather there are some certain mistakes they can't make it's called (unnecessary mistakes) this mistake is mostly done by newbies I mean does that have not gain enough knowledge about bitcoin investment, while those that have gotten the best knowledge about bitcoin investment can still make some mistake and those one's can be very expensive.

[riscohen4]

Bitcoin isn't like any other coins out there, and it also isn't a quick money scheme... Long term investment is only the most appropriate way of approaching Bitcoin... And that's coz it give folks the opportunity to learn, build their patience through experience, and also to understand more about Bitcoin while they are already involved in their accumulation... And when this patience and understanding is achieved through folks involvement, it tends to make it more easier to avoid any sort of investment mistakes...

Just because one spends a couple years in bitcoin or learning about Bitcoin will automatically make them immune to investment mistakes. Of course you'll still encounter situations that you'll eventually make a couple of mistakes, the only only difference is that you won't be completely naive and would know ways to be able to correct your mistakes early, rather than making more mistakes in an attempt to correct the previous mistake you've already made.

True talk bro. Experience nor really mean say person nor go ever make mistake again for Bitcoin or investment matter, mistakes go always happen one way or another. The difference be say, person wey don spend time for the space nor go just panic like newbie wey never understand wetin dey happen.

With experience, you go fit notice your mistakes early and correct am before e turn bigger problem. Na why learning and staying long for the market dey important. Most people actually learn pass from the mistakes wey dem don make before, because that experience dey teach lessons wey ordinary theory nor fit teach.

[Son Of Blockchain (SOB)]

Just because one spends a couple years in bitcoin or learning about Bitcoin will automatically make them immune to investment mistakes. Of course you'll still encounter situations that you'll eventually make a couple of mistakes, the only only difference is that you won't be completely naive and would know ways to be able to correct your mistakes early, rather than making more mistakes in an attempt to correct the previous mistake you've already made.

True talk bro. Experience nor really mean say person nor go ever make mistake again for Bitcoin or investment matter, mistakes go always happen one way or another. The difference be say, person wey don spend time for the space nor go just panic like newbie wey never understand wetin dey happen.

With experience, you go fit notice your mistakes early and correct am before e turn bigger problem. Na why learning and staying long for the market dey important. Most people actually learn pass from the mistakes wey dem don make before, because that experience dey teach lessons wey ordinary theory nor fit teach.

Mistake na part of human nature, we fit dey too extra careful to avoid am sometimes but na something wey be say, to totally avoid am dey inevitable cause as humans wey we be we must make mistakes at some point for our life and eh also dey relatable with Bitcoin investment cause at some point for a beginner accumulation journey one or two mistakes go occur.
 No be bad thing to make mistake oo, my papa dey tell me say "some people fail/make mistakes, so dey go learn from am then take correction" and na better truth but where the problem dey na when person make mistakes but fail to correct emself.

[yixichloro2xx]

Just because one spends a couple years in bitcoin or learning about Bitcoin will automatically make them immune to investment mistakes. Of course you'll still encounter situations that you'll eventually make a couple of mistakes, the only only difference is that you won't be completely naive and would know ways to be able to correct your mistakes early, rather than making more mistakes in an attempt to correct the previous mistake you've already made.

Of course mistake is not limited to some set of people, rather it's something that happen to everyone, no one is above making mistake even though some people  claims that they don't make mistake but that's not true rather there are some certain mistakes they can't make it's called (unnecessary mistakes) this mistake is mostly done by newbies I mean does that have not gain enough knowledge about bitcoin investment, while those that have gotten the best knowledge about bitcoin investment can still make some mistake and those one's can be very expensive.

We humans can never be perfect, we will surely make one or more mistakes, during our investment journey. The kind of mistake beginners often make during their early stage of investment  is because they are still learning, and sometimes act with emotions or little knowledge( eng when they see Bitcoin price rising, their emotions will keep telling them to sek5l out of their Bitcoin holdings, during the early stage of their investments) Even someone that has experience and knowledge is not free from making mistakes, because sometimes their overconfidence can lead to bigger losses. The important thing is that one should try to learn from those mistakes, in case they  meet it again in the near future, then they can know to avoid it. Learning from mistakes also increases your experience, when you exercise patience and self control.

[Ashawowo(OS)]

Just because one spends a couple years in bitcoin or learning about Bitcoin will automatically make them immune to investment mistakes. Of course you'll still encounter situations that you'll eventually make a couple of mistakes, the only only difference is that you won't be completely naive and would know ways to be able to correct your mistakes early, rather than making more mistakes in an attempt to correct the previous mistake you've already made.

True talk bro. Experience nor really mean say person nor go ever make mistake again for Bitcoin or investment matter, mistakes go always happen one way or another. The difference be say, person wey don spend time for the space nor go just panic like newbie wey never understand wetin dey happen.

With experience, you go fit notice your mistakes early and correct am before e turn bigger problem. Na why learning and staying long for the market dey important. Most people actually learn pass from the mistakes wey dem don make before, because that experience dey teach lessons wey ordinary theory nor fit teach.

When a newbie gets into bitcoin, it is okay if he doesn't know much and starts buying as soon as he has discretionary income, he just made the best option to get started and not allowing the fear of making mistakes hold him back, he can continue learning and unlearning about how to maintain consistency and manage his cash-flow properly as he remains in the market. The truth is that he would make a some mistakes and the extent of mistakes he would make varies with their learning capacity and access to authentic bitcoin investment guidelines. As long as the newbie doesn't give up, but remain committed to his accumulation journey, he would attain some maturity in learning and managing his cash-flow properly soon enough.

Those who delayed starting for learning are making mistakes and are missing out on opportunities to keep buying and getting further ahead in their accumulation journey, they may later encounter decision fatigue and keep procrastinating and not end up buying which is to their own loss that they delayed action. Bitcoin is better learned practically in the market. Time spent in the market with with commitment and consistency is worth much more than time spend outside of it and speculating on it.

[Nheer]

Just because one spends a couple years in bitcoin or learning about Bitcoin will automatically make them immune to investment mistakes. Of course you'll still encounter situations that you'll eventually make a couple of mistakes, the only only difference is that you won't be completely naive and would know ways to be able to correct your mistakes early, rather than making more mistakes in an attempt to correct the previous mistake you've already made.

Of course mistake is not limited to some set of people, rather it's something that happen to everyone, no one is above making mistake even though some people  claims that they don't make mistake but that's not true rather there are some certain mistakes they can't make it's called (unnecessary mistakes) this mistake is mostly done by newbies I mean does that have not gain enough knowledge about bitcoin investment, while those that have gotten the best knowledge about bitcoin investment can still make some mistake and those one's can be very expensive.

Mistakes are bound to occur in the cryptocurrency space and no matter how knowledgeable an individual is he or she can’t overcome this mistakes because they are part of the journey but we can reduce this mistake and losses by our knowledge and understanding of the market and also experience too but overcoming it is not something that could possible happen.
We must face some challenges and mistakes during our journey in cryptocurrency space but we are gaining much experience and understanding of the market that later on once we face such challenges we can easily know the right strategies to use and avoid it.

[Hardyrobust]

Just because one spends a couple years in bitcoin or learning about Bitcoin will automatically make them immune to investment mistakes. Of course you'll still encounter situations that you'll eventually make a couple of mistakes, the only only difference is that you won't be completely naive and would know ways to be able to correct your mistakes early, rather than making more mistakes in an attempt to correct the previous mistake you've already made.

Of course mistake is not limited to some set of people, rather it's something that happen to everyone, no one is above making mistake even though some people  claims that they don't make mistake but that's not true rather there are some certain mistakes they can't make it's called (unnecessary mistakes) this mistake is mostly done by newbies I mean does that have not gain enough knowledge about bitcoin investment, while those that have gotten the best knowledge about bitcoin investment can still make some mistake and those one's can be very expensive.

Mistakes are bound to occur in the cryptocurrency space and no matter how knowledgeable an individual is he or she can’t overcome this mistakes because they are part of the journey but we can reduce this mistake and losses by our knowledge and understanding of the market and also experience too but overcoming it is not something that could possible happen.
We must face some challenges and mistakes during our journey in cryptocurrency space but we are gaining much experience and understanding of the market that later on once we face such challenges we can easily know the right strategies to use and avoid it.

There are mistake that  an investor is not supposed to make during bitcoin accumulation phase. Though nobody is above mistakes so an investor may end up  making  some mistakes while accumulating bitcoin. But there mistakes that an investor is not supposed to make because they may end up losing there income all the bitcoin they have accumulated. So accumulating bitcoin using money that is meant for our daily needs such mistake should be avoided.

[GIF-JOBS]

Just because one spends a couple years in bitcoin or learning about Bitcoin will automatically make them immune to investment mistakes. Of course you'll still encounter situations that you'll eventually make a couple of mistakes, the only only difference is that you won't be completely naive and would know ways to be able to correct your mistakes early, rather than making more mistakes in an attempt to correct the previous mistake you've already made.

Of course mistake is not limited to some set of people, rather it's something that happen to everyone, no one is above making mistake even though some people  claims that they don't make mistake but that's not true rather there are some certain mistakes they can't make it's called (unnecessary mistakes) this mistake is mostly done by newbies I mean does that have not gain enough knowledge about bitcoin investment, while those that have gotten the best knowledge about bitcoin investment can still make some mistake and those one's can be very expensive.

Mistakes are bound to occur in the cryptocurrency space and no matter how knowledgeable an individual is he or she can’t overcome this mistakes because they are part of the journey but we can reduce this mistake and losses by our knowledge and understanding of the market and also experience too but overcoming it is not something that could possible happen.
We must face some challenges and mistakes during our journey in cryptocurrency space but we are gaining much experience and understanding of the market that later on once we face such challenges we can easily know the right strategies to use and avoid it.

There are mistake that  an investor is not supposed to make during bitcoin accumulation phase. Though nobody is above mistakes so an investor may end up  making  some mistakes while accumulating bitcoin. But there mistakes that an investor is not supposed to make because they may end up losing there income all the bitcoin they have accumulated. So accumulating bitcoin using money that is meant for our daily needs such mistake should be avoided.

We should not invest with money that we may need at any moment. In the hope of quick profit and on the basis of emotions and greed, many people invest their necessary expenses for hope to make quick profits, but such decisions are never rational, such activities only lead to bigger problems. Therefore, we must be careful in investing, do not take unnecessary risks here, invest only as much as you can, even if you lose, it will not affect your lifestyle, and of course we should invest money that we are able to maintain for a long time without any problems, because if we do not maintain the investment for a long time, then we will not get a good chance of success here.

[Versatile_choice]

There are mistake that  an investor is not supposed to make during bitcoin accumulation phase. Though nobody is above mistakes so an investor may end up  making  some mistakes while accumulating bitcoin. But there mistakes that an investor is not supposed to make because they may end up losing there income all the bitcoin they have accumulated. So accumulating bitcoin using money that is meant for our daily needs such mistake should be avoided.

It's true that there are some mistake that an investor is not supposed to make in thier bitcoin investment, but the thing is that those who are still new into bitcoin investment is likely to make those mistake due to insufficient knowledge. It is just like those newbies who panic and sell their bitcoin during the dip, and that is because they lack the experience or maybe it is thier first time of experiencing dip in the market so they might be worried whenever there's a correction dip in the market, those who are not discipline enough would sell during that process and by the time they see the market increasing then they will start regretting why they sold their bitcoin.

[Joeboy]

~snip...

Just because one spends a couple years in bitcoin or learning about Bitcoin will automatically make them immune to investment mistakes. Of course you'll still encounter situations that you'll eventually make a couple of mistakes, the only only difference is that you won't be completely naive and would know ways to be able to correct your mistakes early, rather than making more mistakes in an attempt to correct the previous mistake you've already made.

Avoiding mistakes and being immune to mistakes are two very different things, so maybe it's important you first understand their differences before trying to twist what I said... For a fact, involvement dosen't automatically make folks to be immune or incapable of making mistakes... Their involvement or say experience only get to reduce certain investment mistakes and help improve your decision making overtime... Also, a beginner mistakes is very much different from the mistakes that experienced investors make... A beginner mistakes are mostly frequent and severe than that an an experienced investor... For example, beginners could be driven by hype or price dip into selling their asset, and they do so coz they are yet to properly understand Bitcoin... But with their involvement, a time will come when they would learn about Bitcoin and so cease making such beginners mistakes...

[liasbaa]

There are mistake that  an investor is not supposed to make during bitcoin accumulation phase. Though nobody is above mistakes so an investor may end up  making  some mistakes while accumulating bitcoin. But there mistakes that an investor is not supposed to make because they may end up losing there income all the bitcoin they have accumulated. So accumulating bitcoin using money that is meant for our daily needs such mistake should be avoided.

It's true that there are some mistake that an investor is not supposed to make in thier bitcoin investment, but the thing is that those who are still new into bitcoin investment is likely to make those mistake due to insufficient knowledge. It is just like those newbies who panic and sell their bitcoin during the dip, and that is because they lack the experience or maybe it is thier first time of experiencing dip in the market so they might be worried whenever there's a correction dip in the market, those who are not discipline enough would sell during that process and by the time they see the market increasing then they will start regretting why they sold their bitcoin.

A new investor makes those mistakes in a way that is a learning experience. They sold out of fear when Bitcoin was falling and when the price started to rise, they will learn from their previous mistakes. They will not repeat those mistakes next time. This is how investors learn about Bitcoin and they become experienced.

If you do not make mistakes in the beginning of investing, you will not learn how and in what situations to correct yourself and how to continue to accumulate Bitcoin with discipline. You will be afraid of investing at the time when you buy Bitcoin with your required funds. Use discretionary income for Bitcoin accumulation and also buy at once with the extra funds you have.

[Son Of Blockchain (SOB)]

A new investor makes those mistakes in a way that is a learning experience. They sold out of fear when Bitcoin was falling and when the price started to rise, they will learn from their previous mistakes. They will not repeat those mistakes next time. This is how investors learn about Bitcoin and they become experienced.

If you do not make mistakes in the beginning of investing, you will not learn how and in what situations to correct yourself and how to continue to accumulate Bitcoin with discipline. You will be afraid of investing at the time when you buy Bitcoin with your required funds. Use discretionary income for Bitcoin accumulation and also buy at once with the extra funds you have.

It's true liasbaa, if mistake are not made some people won't understand Bitcoin investment better by investing the right way, so for a new investor it's normal to make mistakes and learn from it at that early stage instead of making mistakes maybe out of greed when the investor has advanced in the investment journey.
 When someone is in their early stage of learning or doing something the person might do it wrongly and it's also applicable to the early stages of accumulating Bitcoin, volatility is enough reason why many people make mistakes at the early stage but in the long run they'll understand that volatility is not a big deal then correct the mistakes made cause of it.

 

[Versatile_choice]

A new investor makes those mistakes in a way that is a learning experience. They sold out of fear when Bitcoin was falling and when the price started to rise, they will learn from their previous mistakes. They will not repeat those mistakes next time. This is how investors learn about Bitcoin and they become experienced.

You're right, some beginners learn from their first mistake while some learn from their 3-4th mistakes. Some beginners do regret of selling their holdings but when next they find themselves in such situation they will still attempt to sell because they might be feeling that the price might not go up like the other time since it's not controllable so they might be having some doubt. Truly holding bitcoin for Long term investment is not an easy task especially for those that hasn't gain enough knowledge about bitcoin investment. but it's just a matter of time as we would  definitely get used to it.

[gracreavix]

There are mistake that  an investor is not supposed to make during bitcoin accumulation phase. Though nobody is above mistakes so an investor may end up  making  some mistakes while accumulating bitcoin. But there mistakes that an investor is not supposed to make because they may end up losing there income all the bitcoin they have accumulated. So accumulating bitcoin using money that is meant for our daily needs such mistake should be avoided.

It's true that there are some mistake that an investor is not supposed to make in thier bitcoin investment, but the thing is that those who are still new into bitcoin investment is likely to make those mistake due to insufficient knowledge. It is just like those newbies who panic and sell their bitcoin during the dip, and that is because they lack the experience or maybe it is thier first time of experiencing dip in the market so they might be worried whenever there's a correction dip in the market, those who are not discipline enough would sell during that process and by the time they see the market increasing then they will start regretting why they sold their bitcoin.

A new investor makes those mistakes in a way that is a learning experience. They sold out of fear when Bitcoin was falling and when the price started to rise, they will learn from their previous mistakes. They will not repeat those mistakes next time. This is how investors learn about Bitcoin and they become experienced.

If you do not make mistakes in the beginning of investing, you will not learn how and in what situations to correct yourself and how to continue to accumulate Bitcoin with discipline. You will be afraid of investing at the time when you buy Bitcoin with your required funds. Use discretionary income for Bitcoin accumulation and also buy at once with the extra funds you have.

You're right, some of those mistakes are actually necessary for experience. Most new investors normally think everything will always go smoothly until they see their portfolio red for the first time. That fear alone can make them sell too early. But after going through it once or twice, they will start to understand how the market really works.
I feel that's how experience is meant to be sometimes, not just from reading or watching videos, but from actually making mistakes and learning from them personally.

[Hardyrobust]

There are mistake that  an investor is not supposed to make during bitcoin accumulation phase. Though nobody is above mistakes so an investor may end up  making  some mistakes while accumulating bitcoin. But there mistakes that an investor is not supposed to make because they may end up losing there income all the bitcoin they have accumulated. So accumulating bitcoin using money that is meant for our daily needs such mistake should be avoided.

It's true that there are some mistake that an investor is not supposed to make in thier bitcoin investment, but the thing is that those who are still new into bitcoin investment is likely to make those mistake due to insufficient knowledge. It is just like those newbies who panic and sell their bitcoin during the dip, and that is because they lack the experience or maybe it is thier first time of experiencing dip in the market so they might be worried whenever there's a correction dip in the market, those who are not discipline enough would sell during that process and by the time they see the market increasing then they will start regretting why they sold their bitcoin.

Being a Newbie doesn't mean the person is license to make mistakes. There is no doubt about the fact that nobody is above making mistakes but there are some mistakes that be avoided. Like I made mention in my previous post , using money that is meant for expenses for investing in bitcoin is a mistake that should be avoided by all including newbies. Selling when we are still on accumulation phase as a result of market trends is also mistake that should be avoided and we shouldn't say because someone is a newbie that they should make the mistake of selling as result of price decline before they can be able to learn.

[Antotena]

True talk bro. Experience nor really mean say person nor go ever make mistake again for Bitcoin or investment matter, mistakes go always happen one way or another. The difference be say, person wey don spend time for the space nor go just panic like newbie wey never understand wetin dey happen.

With experience, you go fit notice your mistakes early and correct am before e turn bigger problem. Na why learning and staying long for the market dey important. Most people actually learn pass from the mistakes wey dem don make before, because that experience dey teach lessons wey ordinary theory nor fit teach.

You remind me of a guy that lost $200k recently for using such coins on a hot wallet. This guy is who many people on the internet looks forward and loves him for making good money from the last bull run but just one mistake that he made clearly all the profit he made from the market and that explained what you said, nobody is immune to mistake although there are some mistakes that can be avoided and should never be experienced. If that guy use cold wallet, that mistake might not happen.

We need to open our eye to the market, it's almost everyday that we see new things, new format of scams and it seems they don't happen during the bull run, these scammers allow people to make all the money they want to make and after when there is nothing to make again they began running after people's funds they have invested and some wallet that have done some mistakes, those are the people they follow until they take everything from them, we need to be security woke.

[ASloveapg]

Just because one spends a couple years in bitcoin or learning about Bitcoin will automatically make them immune to investment mistakes. Of course you'll still encounter situations that you'll eventually make a couple of mistakes, the only only difference is that you won't be completely naive and would know ways to be able to correct your mistakes early, rather than making more mistakes in an attempt to correct the previous mistake you've already made.

Of course mistake is not limited to some set of people, rather it's something that happen to everyone, no one is above making mistake even though some people  claims that they don't make mistake but that's not true rather there are some certain mistakes they can't make it's called (unnecessary mistakes) this mistake is mostly done by newbies I mean does that have not gain enough knowledge about bitcoin investment, while those that have gotten the best knowledge about bitcoin investment can still make some mistake and those one's can be very expensive.

But we must learn about Bitcoin to avoid these unnecessary mistakes. Beginners are certainly more prone to making mistakes, so they are advised to start investing by gaining general knowledge first, so that the chances of making wrong decisions are somewhat less. Those who do not have knowledge about Bitcoin will generally make wrong decisions, that is why the decision to start without knowledge is wrong. A wise person can handle themselves in most situations, they have self-control as well as long-term faith in Bitcoin, due to which they do not develop a panic attitude, due to which their tendency to make wrong decisions decreases, because they know about Bitcoin and have faith. And this is what everyone should do to avoid wrong decisions, that is, they should gain knowledge.

[SPIDERMAN008]

A new investor makes those mistakes in a way that is a learning experience. They sold out of fear when Bitcoin was falling and when the price started to rise, they will learn from their previous mistakes. They will not repeat those mistakes next time. This is how investors learn about Bitcoin and they become experienced.

You're right, some beginners learn from their first mistake while some learn from their 3-4th mistakes. Some beginners do regret of selling their holdings but when next they find themselves in such situation they will still attempt to sell because they might be feeling that the price might not go up like the other time since it's not controllable so they might be having some doubt. Truly holding bitcoin for Long term investment is not an easy task especially for those that hasn't gain enough knowledge about bitcoin investment. but it's just a matter of time as we would  definitely get used to it.

Yes, long term holding is a very difficult thing. No matter how much one says, holding is easy, if the fund management is done correctly, there is no problem in holding, but when the price volatility is very high, then keeping the mindset of an investor becomes the most difficult test.

It is actually a matter of keeping one's decision unchanged over time. There are many people who have sold BTC the day they sold it, and since then the price has started increasing. Again, many people have bought BTC with a large amount after waiting for a long time, and then the price has started decreasing.

So just as it takes courage to invest in Bitcoin with this uncertainty, you also need to get the techniques of staying mentally stable to hold it for the long term. Only then will it be possible to hold it for a long time.

[BluebloodCXVI]

Trading is not actually same with gambling though many usually compare it to trading due to the risk in it and how easy it can be abuse easily.

I’m surprised that you’re oblivious to the fact that trading and gambling are technically related to each other because their core mechanic revolves around putting money into an uncertain outcome and hoping to make big gains, so that person is basically relying on luck but everyday isn’t Christmas you know, you can’t be lucky everyday. Many traders don’t like to hear this truth because it seems harsh but it’s just the fucking truth. If you remove all the fancy charts, the indicators and the twitter threads for a second, you’ll realize that most retail trading is built around speculations, prediction, emotions and risk taking so what’s the difference between that and gambling, it’s basically the same thing only with extra steps.

Many usually approach gambling and trading the wrong way , approaching gambling without the knowledge is like gambling with your money

There’s no type of approach or knowledge that you will use in trading or gambling that will make them any less riskier than they already are. A trader can analyze chart from now till tomorrow and still get destroyed by one unexpected news, same goes for a gambler too, he can calculate probabilities correctly but still end up losing repeatedly and the reason why this happens is because, probability does not guarantee a specific result.