Investment Become Gambling

[Moreno233]

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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.

It seems you are mistaken the point made by Choice and from my understanding, she is simply confirming the common knowledge that newbies are more likely to make mistakes than experienced investors. This is true because the experience is gained by learning from the mistakes of others or ours, a privilege a lot of newbies do not yet have.

It is also important to note that a lot of newbies developed interest in Bitcoin due to what they were told or what they read about Bitcoin which make them feel it is a shortcut to a life of affluence. They came with this mindset and some of them end up being trapped by the market when it refuses to surge and give them fast profits.

[The Founding Titan]

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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.

It seems you are mistaken the point made by Choice and from my understanding, she is simply confirming the common knowledge that newbies are more likely to make mistakes than experienced investors. This is true because the experience is gained by learning from the mistakes of others or ours, a privilege a lot of newbies do not yet have.

It is also important to note that a lot of newbies developed interest in Bitcoin due to what they were told or what they read about Bitcoin which make them feel it is a shortcut to a life of affluence. They came with this mindset and some of them end up being trapped by the market when it refuses to surge and give them fast profits.

Of course a newbie is most likely to have cold feet than someone who has been investing for a while but the fear of making mistakes shouldn't push s person away from starting their bitcoin investment, experience is a part of growth and the moment a person starts investing in bitcoin there are already building experience whether they planned on it or not.
Nobody should use the excuse that they are not experienced to delay their bitcoin investment, the only way to build experience as a bitcoin investor is to actually invest, if the person is uncertain then they can start with s little amount of their discretionary income and see how they handle it, with time they will become used to investing and won't be bothered too much about it again.

[Emjay24]

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.

Challenges should not deter us, In fact they are part of the process. While investing in bitcoin, there are necessary challenges we must be prepared to face as investors on a long-term drive which includes

• Challenges to maintain our consistent purchases
• Challenges in managing our cashflow properly
• Challenges to resist taking profits and trading our portfolio
• Challenges to remain focused on the long-term goal and not allow the market sentiments to cause us panic

These challenges must be experienced by the investor and his ability to keep striving to be on the right part, learn from his mistakes and adjust practices accordingly that would benefit his accumulation journey would determine their success on the long-run.

[L E G E N D A R Y]

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.

I’ll agree with you on this one here. Even some experienced investors at some point needs to figure out their own unique strategies or how and where to make some necessary adjustments, and these proceedings don’t always have some sort of a manual or guide that you can just follow and arrive at a your destination, so that means you’ll likely make some mistakes along the way, and this is just very normal for any investor, as long as you learn from your mistakes and make good use of the knowledge and experience from the lessons, and not allowing your emotions overtake and push you into making more mistakes.

[Yeesha]

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.

No matter how perfect and professional you are investing you will surely make mistakes, no one is hundred percent perfect. But too much of everything is bad, making a single mistakes is normal, beside the mistake of today is the greatest experience of tomorrow to whom it may concern, but making so much mistakes is a big problem. Bitcoin investment might look complicated for some individuals, and besides it is. But the best way to approach it in an understanding way. If an investor fails to understand his mistakes and correct them he will continue making countless mistakes and they might not meet their requirements at the end of the day.

[Proty]

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.

No matter how perfect and professional you are investing you will surely make mistakes, no one is hundred percent perfect. But too much of everything is bad, making a single mistakes is normal, beside the mistake of today is the greatest experience of tomorrow to whom it may concern, but making so much mistakes is a big problem. Bitcoin investment might look complicated for some individuals, and besides it is. But the best way to approach it in an understanding way. If an investor fails to understand his mistakes and correct them he will continue making countless mistakes and they might not meet their requirements at the end of the day.

So many people has been saying that no one is above making mistakes and that people learn from there mistakes. However, they failed to understand that there are mistakes that can make an investor to lose all there assets. Like falling for a scam, keeping or storing bitcoin in an exchange. I can remember my ugly experience with kucion, were I almost lost all my bitcoin if not for the grace of God. I believe that there are many who has lost there bitcoin through scam or by storing them in an exchange. It will be unwise for someone to repeat this mistake in the light that they want to learn from there mistakes. There mistakes some people has made that we ourselves don't need to repeat those mistakes.

[Denziiii]

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.

We pray we don't go wrong paths that will ruined things for us in this space, and on the records, you’re absolutely right. Mistakes are part of every investor’s journey, whether someone is a beginner or already experienced. Most beginners make emotional decisions because they are still trying to understand how the market works. When Bitcoin price starts rising or falling sharply, fear and greed usually take over their emotions, and that often leads to poor decisions like panic selling or buying at the wrong time.

Even experienced investors are not completely safe from mistakes because overconfidence can make them ignore risk management or think they can always predict the market correctly. That is why discipline, patience, and continuous learning are very important in investing. The good thing about mistakes is that they can become valuable lessons. Once an investor learns from a mistake, they become wiser and more prepared to avoid repeating it in the future. Experience is built through both wins and losses, and those who practice patience and self-control usually perform better in the long run.

[cxtreenal]

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.

No matter how perfect and professional you are investing you will surely make mistakes, no one is hundred percent perfect. But too much of everything is bad, making a single mistakes is normal, beside the mistake of today is the greatest experience of tomorrow to whom it may concern, but making so much mistakes is a big problem. Bitcoin investment might look complicated for some individuals, and besides it is. But the best way to approach it in an understanding way. If an investor fails to understand his mistakes and correct them he will continue making countless mistakes and they might not meet their requirements at the end of the day.

The amount of mistakes in long term Bitcoin investment will be relatively less/not there. If you are a trader, the amount of mistakes you will make will be countless because you started trading with the wrong decision. The amount of mistakes in long term Bitcoin investment is less because if you can invest through discretionary income from the beginning, it will not have a negative impact on your daily life. Accumulating Bitcoin through discretionary income cause that you will meet your family expenses along with your income and you will be able to accumulate Bitcoin regularly.

I personally believe that if you can accumulate Bitcoin every week through discretionary income in the long term such as two or three cycles you will not have to regret that action but you can expect a return of several times the capital you have invested.

[Youngrebel]

I’ll agree with you on this one here. Even some experienced investors at some point needs to figure out their own unique strategies or how and where to make some necessary adjustments, and these proceedings don’t always have some sort of a manual or guide that you can just follow and arrive at a your destination, so that means you’ll likely make some mistakes along the way, and this is just very normal for any investor, as long as you learn from your mistakes and make good use of the knowledge and experience from the lessons, and not allowing your emotions overtake and push you into making more mistakes.

You point are true and I agree with you because so many of our young once’s today investing is actually all about making profits, and they don’t have the understanding that before going into any investment you must have the ability to control emotions. Without having a better understanding about how this thing works mistakes will be constant and even if a person  feels like he or she has got a reliable formula, that formula will never work for ever the most important thing is being focus on learning, be discipline and also have patience.