Have your failures and then dont never lose money best advice to make money

[SUPERSAIAN]

In the Western world, failure is viewed very negatively; people say, "This person has failed," and may even be ostracized from society. Failures lead to success. The truth is, to reach the top, you have to start from the bottom. Through repeated failures, people begin to see the paths to success and identify their shortcomings. The biggest problem is actually the fear of failure, which prevents people from taking action.

[slapper]

Losing isn't actually a financial skill, not that. It's a psychological one. It requires this type of self-honesty where you have to separate the two constantly, what you wish to be true, from what is demonstrably happening in front of you. And most people are terrible at doing that. Not because they're dumb. Because ego is involved. And because you've already told people this was a good trade. Because when you sell now it's you admitting something you're not ready to admit yet.

Failing the young makes sense to me. It does. But failure has a useful window and it then closes. Or should close. At some point the lessons stop compounding and the damage just accumulates. You've somehow normalized risk tolerance, that made sense when you had nothing to lose.

Most persons don't ever close the window.

[Makus]

One thing that you need to know is that when it comes to being successful at 30 there is no assurance of that, you cannot be sure that by the age of 30 one would not continue to make mistakes but still i get your point, in your 20s this is the time to get things straight and you are going to make mistakes. The most important thing is that you are learning and acquiring knowledge. over the years I have comw to realise that no knowledge in crypto is a waste. Those that are afraid to fail or make mistakes wouldn't grow.

[Jewan420]

Failure is the first key to success. If you are unwilling to take risks due to fear of failure, you will never be successful. The best time to take risks is when you are young, when you are not dependent on others or you are not taking responsibility for anyone. You will fail again and again in your life, but never consider failure as a failure. Rather, failure will teach you something new.

The best time to invest in Bitcoin is when you are young, when you have less family responsibilities and less expenses compared to your income. Even if you have a strong financial foundation at a young age, it is easier to make any plans in old age. .So don't let your youth go to waste and value every penny.

[aioc]

Ur mindset should be that you dont lose not even 1$ keep that mindset and you will be successful.

It's hard to do that. There will be a point at which you need to take risks for profit, in a highly volatile market, and losing is inevitable
But losing is acceptable if it won't affect your finances. It's not about losing, it's about trying to regain those losses and maintain our profit. There is such a thing as calculated risk, where you allow yourself to lose a small amount of money to gain a big amount in the future.

[yhiaali3]

Few young people think this way; they lack the experience and understanding to grasp what they should do without guidance.

Yes, it's good that at a young age they have ample time to fail and learn from experience, but if they had guidance, they would avoid many failures and achieve success more quickly than we did.

The problem with young people is that they think they are exceptionally intelligent, and few accept advice. But I can't blame them, because we went through the same stage of life where we didn't accept advice from anyone.

[Pi-network314159]

Yes if you younger....few good years risk and have failures but after then dont lose.

taking risk at a younger age is very important because you are going to be familiar with the risk associated with it. although there might be some financial mistakes or or mismanagement of fund during those periods, but that will help to build up the person not to deviate when they are grown up. they will lose for sure but after then, they will learn by correcting there mistakes and grow a thicker skin and become a strong and dedicated investor. that's why they said "dont despise the days of your little beginning"  this says it all

Ur mindset should be that you dont lose not even 1$ keep that mindset and you will be successful.

you should not think like that, there is no business without risk, considering the nature of bitcoin you will realize that the market is volatile which means you will lose and gain, but the best way to go about it is just to buy and stack and not think of anything. because certainly at the initial stage you will lose before you regain in the future.

[Hanadawa]

One thing that you need to know is that when it comes to being successful at 30 there is no assurance of that, you cannot be sure that by the age of 30 one would not continue to make mistakes but still i get your point, in your 20s this is the time to get things straight and you are going to make mistakes. The most important thing is that you are learning and acquiring knowledge. over the years I have comw to realise that no knowledge in crypto is a waste. Those that are afraid to fail or make mistakes wouldn't grow.

Your 20s are a great time to take risks, and every failure can be a learning experience. At that age, most people aren't married yet, so they still have plenty of time to try various things. You also don't have to worry about family because whatever the risks, you're only responsible for yourself. But unfortunately, many people don't realize this and spend their 20s partying and just having fun. They think they're still young, so it's natural to enjoy whatever pleasures they have. And only when they enter their 30s do they realize that life is about striving and achieving financial freedom. You can't try many things in your 30s because you already have responsibilities, and people tend to see you as someone who is mature. I mean, the older you get, the fewer mistakes you can tolerate.

[michellee]

Young generation will gets benefits for that because they are in gold time so they can do many things to prepare their old time. They can face the risks, having long term investment such as crypto investment, and also grow their abilities and skills.

It will benefits for them because they will have more back up for their future. If they have Bitcoin investment for future, that will be their long term investments. They can prepare other things so they will ready to struggle.

If more younger can open their eyes seeing the opportunities, we will see many young people survive in the hard situation in the future. They can adapt with the hard and also helps others who needs and they can become pathfinder for other young people to survive.

[KiaKia]

Yes if you younger....few good years risk and have failures but after then dont lose.
The focus is on long-term value creation rather than short-term gains, often holding assets to improve them.
Less risky moves, safe ones are btc because if you never go all in there is always enough volatility lows and highs.
Right now safest way is crypto investments its in your wallet your keys ur control main coins like btc eth bnb always good.


Ur mindset should be that you dont lose not even 1$ keep that mindset and you will be successful.

This is a terrible advice,  failures are not a terrible thing, and there is no way anyone can protect themselves from failure, this is the teacher of human race, failure need to happen to many humans for them to stand up stronger, it's part of the process.

If you can't taste failure you won't become anything, I've not seen any invention that doesn't have a failure story, it's impossible, everything that we use as human today have withstand many failures for them to finally work.

It's ok to fail, but not learning anything after failure is where the problem is, such people will never grow.

[Ruttoshi]

There's no investment that's risk free especially, the cryptospace that's volatile in nature. However, I think investing in bitcoin is more sensible than altcoins because bitcoin has proven to be an asset that increases in value overtime.

One good thing with bitcoin investment is that you can be learning as you are investing in order not to make much mistakes. Perhaps, mistakes are there to make us stronger to ride on. Nothing is guaranteed in future only death.

[aylabadia05]

Young people have a different mindset because they are enthusiastic about things that present challenges. Older people are wiser in their thinking.
I don't agree with the other coins that OP mentioned, such as Ethereum and BNB, even though many people have achieved their desired targets, but when it comes to Bitcoin, I agree.
Since you also mentioned wallets, be careful when choosing a wallet and pay special attention to securing your keys for the safety of your assets.
Additionally, do not combine assets in one wallet. For Bitcoin, store it in a special Bitcoin wallet.

[WaySummit]

Our financial loss adds experience to us, and in the future, if we start making profits without making mistakes thanks to this experience, we will say that we are buying experience.

[Ndabagi01]

Ur mindset should be that you dont lose not even 1$ keep that mindset and you will be successful.

Taking losses are part of the risks, so you can’t keep in mind that you’re not going to be faced with at least a loss during the process of taking risk to invest. Being productive through an investment always sounds very much easy but in reality, it is never like that and one should desist from having such mindset in the long term.

Failures are part of success and we should not at any point think that we would not be guaranteed with one when all we usually think about is win upon wins. Failures make us know how to better position ourselves for incoming failures we may have to face. We should try and stick to the goals and make all instances we face to become a process to better ourselves for the future.

[Odogwu-Blockchain]

One good thing with bitcoin investment is that you can be learning as you are investing in order not to make much mistakes. Perhaps, mistakes are there to make us stronger to ride on. Nothing is guaranteed in future only death.

Yeah, whoever keeps learning keeps investing properly, whoever keeps investing makes mistakes the same time, whoever makes mistake gets stronger over time, no one can escape that no matter how perfect you may seems to be, and that's what makes the whole investment looks so interesting.
If you arent ready to make mistake, you cant get to the top, you cant ever get the balls to hold for as long as you cant.


 

[DPHOR]

Ur mindset should be that you dont lose not even 1$ keep that mindset and you will be successful.

For you to succeed you must look above this because in crypto investment you must lose and gain, if you wanna chased every single dollar then you should be ready to keep losing because you can never be that smart enough to make sure a dollar never passes you bye.
Of course, you must lose and also gain while making investment on digital currency except for a long time projection before you would be that beneficial to your investment.