Crypto industry is full of temptations

[Furball808]

Hot Take: Not everyone will reach their goals in crypto.

This is not to discourage anyone. But rather to help others wake up if they’re in a trance. Members can talk all day about what you should do, what you should avoid, what you should plan for, what you should consider and etc in the forum and someone still won’t follow through. I am not saying we all should follow one basic template. I know we all have different paths but please consider that being in crypto means facing many temptations.

You will be tempted to sell bitcoin. You will be tempted to buy a new shitcoin. These are all temptations we must avoid or else you will be part of groups of people with no aspirations.

[odunybiz]

Hot Take: Not everyone will reach their goals in crypto.

This is not to discourage anyone. But rather to help others wake up if they’re in a trance. Members can talk all day about what you should do, what you should avoid, what you should plan for, what you should consider and etc in the forum and someone still won’t follow through. I am not saying we all should follow one basic template. I know we all have different paths but please consider that being in crypto means facing many temptations.

You will be tempted to sell bitcoin. You will be tempted to buy a new shitcoin. These are all temptations we must avoid or else you will be part of groups of people with no aspirations.

Temptation can be easily overcome if things are done right. Enough lessons gives you better insight that Bitcoin is far better than altcoin. This helps you to build more hope on buying Bitcoin. Accumulating Bitcoin with only your discretionary income and keeping emergency fund will help you to avoid unnecessary sells. Discipline and focus work alongside to keep hodl to your Bitcoin and moreover there is a clear different between investors and traders. Clarification to the part you belong helps you more in the space.

[Hypnotizer]

Temptation will always be there, and that’s why Discipline is important… discipline is built through staying grounded during times of temptation and sticking to the plan no matter what.

Discipline itself is very broad and it is important, everyone planning to or already investing in anything especially Cryoto requires to have a high level of discipline and he must be able to avoid greed or chasing after very quick profits.

Hot Take: Not everyone will reach their goals in crypto.

Sure yes, when you don’t have a good plan for investing or you couldn’t stick to the plan by perseverance, patience and consistency then it’d be hard for you to achieve your goals.

[Luzin]

I am not saying we all should follow one basic template. I know we all have different paths but please consider that being in crypto means facing many temptations.
You will be tempted to sell bitcoin. You will be tempted to buy a new shitcoin. These are all temptations we must avoid or else you will be part of groups of people with no aspirations.

Those who dare to take different risks will have different profit opportunities, even though it is more risky to lose. Mathematically, Bitcoin is indeed the safest asset in terms of value risk because user trust is very high and Bitcoin is the primary choice for investment assets. Choosing a shitcoin is not wrong, but remember, it's not for long term holders come to make a profit and leave. It may not be temptation, but it's a choice, so I won't blame them. Even those who believe in shitcoins can become rich. So everything is an opportunity, there’s just a difference in risk and profit.

[Catenaccio]

You will be tempted to sell bitcoin. You will be tempted to buy a new shitcoin. These are all temptations we must avoid or else you will be part of groups of people with no aspirations.

Bitcoin has yet been dead and it won't die too.
Altcoins are abundant in numbers and many of them already died, and if you check this market historical snapshots over years, you will see how strong Bitcoin has been, and how weak altcoins are while even top coins not only lost their top positions but even died with time.
https://coinmarketcap.com/historical/

Check the snapshots, and read this following article to understand about "potential" altcoins, and stay away from them.
How many crypto coins have died?

With Bitcoin, use Dollar Cost Averaging strategy for your investment.
Dollar Cost Averaging with costavg.com include exchange fee.
https://costavg.com/

[CONVOAI]

The temptations you mentioned are true but avoiding temptations is not the only solution but rather then how to manage risk properly is more important. If someone tries new coins with a small portion and puts the larger portion in good coins then he can both learn and avoid big losses. So I think a balanced approach can be more effective than taking a completely hard stance.

[Asiska02]

You will be tempted to sell bitcoin. You will be tempted to buy a new shitcoin. These are all temptations we must avoid or else you will be part of groups of people with no aspirations.

The volatile nature of the market is what brought about temptation in the whole market. You’ll be tempted to think many things that will not benefit your investment, but if you stick to your long term aspirations about Bitcoin, you should still be able to neglect some external factors that could trigger you to make unbelievable decisions that will affect your investment.

At the point of investment into bitcoin, you would have had your whole point clear on what you want to achieve from the market, stick to it until the end and don’t allow the volatility of the market make you feel like you won’t get it right. Bitcoin has been on an uptrend overall from inception, isn’t that convincing enough that your investment is not lost and you’ll profit from in the long run? Think about this more often when you feel down about your investment, it’ll encourage you more to reach your goals.

[melinoe]

To overcome all of these, all you need is knowledge and a proper income to keep you afloat not tempting you to take the risks presented.