Don't be scared to start all-over

[tech30338]

I was going to ask the question on;

How do people allow losses to define their future?

I don’t think people actually do that. To tell themselves that they would only have to lose again if they tried.
I think where the psychology can play certain roles is in terms of the individual having to weigh in on the time spent to accumulate what was lost, the struggle and how much work that had to be put in and gets discouraged on repeating as, they might have being exhausted on having to go through all that only to loose it all.

Where it gets even worst is when, it was due to no fault of theirs, haven’t don’t all they could to the letter but somehow, they get hit from where they least expected or thought secured: it’s so difficult coming from that.

I think loss of confidence is a major factor that often gets underestimated, and not just about the money they lost. The there is, when someone ends up experiencing a very heavy and tragic loss just after putting in their best or believed to have done everything right, their confidence level drops dramatically, because they believe they’ve done their best or the way they felt was right and it still failed, and so the next attempt might just feel like repeating an experience that they’ve just paid dearly for. At this point, it’s not just about losing again, it’s more about whether they can actually do better than what they believed was their best and whether it would actually lead somewhere better this time.

Some people always dwell with the failure of the past this will stop you from going further or to be successful, other traders even lost everything but with one trade they are back  into track, never think of what happen before always focus on what's ahead of you, if you always think of the failure, the result will also failure because you already make a barrier on what you can do, meaning you already set the ceiling of what you can achieve.

[Oyoyoma_yu]

It is actually heartbreaking to loose your investment to scammers, and platforms which pretended to be genue, and turned out stealing your investment, and as a beginner such thing can make you loose interest in Bitcoin investing, and also make you feel Bitcoin investment is not even genue. And some of us here who are new are biggining to to understand the way Bitcoin investing works, and how we can actually stay safe as Bitcoin investors. Before now, I was familiar with these fake Bitcoin investment that promises very high return on your investment, and I actually think that is how money can be made from Bitcoin, not knowing it was all fraud. Am actually learning a lot here which is making me to be more cautious on how I approach Bitcoin investing without being deceived again.

[Fordsmith]

Crypto can teach you some very expensive lessons. Greed, FOMO, and trusting the wrong people can wipe out years of progress pretty quickly.

The important thing is learning from what happened. Starting again with a smaller amount and better risk management is still better than repeating the same mistakes. Slow progress is still progress.

[Gost ms]

Crypto can teach you some very expensive lessons. Greed, FOMO, and trusting the wrong people can wipe out years of progress pretty quickly.

The important thing is learning from what happened. Starting again with a smaller amount and better risk management is still better than repeating the same mistakes. Slow progress is still progress.

If a person makes a mistake once, we can call it a mistake, but if a person makes the same mistake again, it is a crime. Because if a person is aware of the method and if he knows what action to take, if he takes a wrong decision in the meantime, then it is definitely a crime.

Every person needs to start investing at the beginning and after starting investing, it is necessary to continue acquiring knowledge. When a person continues to acquire knowledge and does not buy, he may be afraid of the market falling and may move away from the humaneness of buying. Therefore, the first action of every person should be to find the humaneness of investment and the source of discretionary income and continue to buy and continue acquiring knowledge.

[liasbaa]

Crypto can teach you some very expensive lessons. Greed, FOMO, and trusting the wrong people can wipe out years of progress pretty quickly.

The important thing is learning from what happened. Starting again with a smaller amount and better risk management is still better than repeating the same mistakes. Slow progress is still progress.

You don't need to trust anyone to invest in Bitcoin. Analyze the market and accumulate Bitcoin regularly with a long term perspective. You have used the word crypto but I would say learn about the difference between shitcoin and Bitcoin and analyze the market yourself and make a decision. The person you trust may not trust you or give you the right advice, so it would be better to refrain from doing risky things in investment. Accumulate Bitcoin regularly through discretionary income, keep yourself free from the risky effects of shitcoin because you have to bear your capital and responsibility.

It is important to learn from the mistakes that will be made in investment. If a mistake is repeated, your chances of loss will increase. Learning from mistakes and gaining skills in fund management can reduce the risk to a great extent.

[Johnlomape]

Crypto can teach you some very expensive lessons. Greed, FOMO, and trusting the wrong people can wipe out years of progress pretty quickly.

The important thing is learning from what happened. Starting again with a smaller amount and better risk management is still better than repeating the same mistakes. Slow progress is still progress.

If a person makes a mistake once, we can call it a mistake, but if a person makes the same mistake again, it is a crime. Because if a person is aware of the method and if he knows what action to take, if he takes a wrong decision in the meantime, then it is definitely a crime.

Financial mistake can repeat itself many times and this is not because the person in question really want to make the mistake but in business, mistakes will happen even when you think you are strong and you can prevent it. There is need to have a mentor if you are someone that loves making money and doing business.

Every person needs to start investing at the beginning and after starting investing, it is necessary to continue acquiring knowledge. When a person continues to acquire knowledge and does not buy, he may be afraid of the market falling and may move away from the humaneness of buying. Therefore, the first action of every person should be to find the humaneness of investment and the source of discretionary income and continue to buy and continue acquiring knowledge.

Why must you call it a crime if it's not a punishable offense. We all make mistakes in life and if the mistake is repeated, that does not mean that the person is stupid or does not know what they are doing. There are mistakes that are unpreventable and in this case it can happens multiple times and that do not mean that the person is stupid for making the same mistake multiple times.

[Tmoonz]

Crypto can teach you some very expensive lessons. Greed, FOMO, and trusting the wrong people can wipe out years of progress pretty quickly.

The important thing is learning from what happened. Starting again with a smaller amount and better risk management is still better than repeating the same mistakes. Slow progress is still progress.

You don't need to trust anyone to invest in Bitcoin. Analyze the market and accumulate Bitcoin regularly with a long term perspective. You have used the word crypto but I would say learn about the difference between shitcoin and Bitcoin and analyze the market yourself and make a decision. The person you trust may not trust you or give you the right advice, so it would be better to refrain from doing risky things in investment. Accumulate Bitcoin regularly through discretionary income, keep yourself free from the risky effects of shitcoin because you have to bear your capital and responsibility.

It is important to learn from the mistakes that will be made in investment. If a mistake is repeated, your chances of loss will increase. Learning from mistakes and gaining skills in fund management can reduce the risk to a great extent.

Anyone accumulating for the long don't necessarily need to analyze the market before they can accumulate Bitcoin, market analysis are mostly done by the short traders mainly to maximize short term profit, but for those with a long perspective, they are in for the regular buying provided that they have their discretionary income without analyzing the market, some one can actually make mistake and when it happens learning from it should be the only right thing to do, one can't keep repeating the same thing and expect a different result and that is reality.

[Pablo-wood]

Anyone accumulating for the long don't necessarily need to analyze the market before they can accumulate Bitcoin, market analysis are mostly done by the short traders mainly to maximize short term profit, but for those with a long perspective, they are in for the regular buying provided that they have their discretionary income without analyzing the market, some one can actually make mistake and when it happens learning from it should be the only right thing to do, one can't keep repeating the same thing and expect a different result and that is reality.

Majorly short term traders and P2P merchants. These folks are just interested in short term profits and quick spikes. An accumulator is like a blind buyer who sees every opportunity as a buy period regardless of the trend, FUD or market sentiments. A true long term investor ignores the market moves because their view is towards the bigger picture of new ATHSLs which comes in cycles making higher prices for every time it's set. Sometimes discretionary income might not be enough. Although it's advised to invest within our risk level but to get the best of a new upward trend it requires an accumulation big enough to yield good profit.

[ndutndut]

Crypto can teach you some very expensive lessons. Greed, FOMO, and trusting the wrong people can wipe out years of progress pretty quickly.

The important thing is learning from what happened. Starting again with a smaller amount and better risk management is still better than repeating the same mistakes. Slow progress is still progress.

In trading, especially when you're just starting out, greed, FOMO and choosing the wrong assets to trade often become costly traps in the crypto world and it's hard to avoid them at the beginning. Plus, sometimes one fatal mistake can wipe out years of hard work in a short time. But what we need to understand and realize is that the most important thing isn't how big your losses are, but whether you are able or willing to learn from them and change the way you act going forward.

So, starting again with a smaller capital while applying tighter risk management actually shows your maturity in the crypto world. Even though the progress you make might be slow, it's still progress, and the bitter experiences you went through before will turn into valuable lessons. The point is don't be afraid to start from scratch even from zero, because it's those experiences that usually build a stronger foundation in your trading journey.

[Yeesha]

Crypto can teach you some very expensive lessons. Greed, FOMO, and trusting the wrong people can wipe out years of progress pretty quickly.

The important thing is learning from what happened. Starting again with a smaller amount and better risk management is still better than repeating the same mistakes. Slow progress is still progress.

In trading, especially when you're just starting out, greed, FOMO and choosing the wrong assets to trade often become costly traps in the crypto world and it's hard to avoid them at the beginning. Plus, sometimes one fatal mistake can wipe out years of hard work in a short time. But what we need to understand and realize is that the most important thing isn't how big your losses are, but whether you are able or willing to learn from them and change the way you act going forward.

So, starting again with a smaller capital while applying tighter risk management actually shows your maturity in the crypto world. Even though the progress you make might be slow, it's still progress, and the bitter experiences you went through before will turn into valuable lessons. The point is don't be afraid to start from scratch even from zero, because it's those experiences that usually build a stronger foundation in your trading journey.

You've said it all, majority of traders know the challenges that they face and what they do to keep going despite the difficulties. The great opportunity that you must maintain before taking a step is to overcome your fears, if not you will not be able to determine where you are heading to. Trading is not a joke play and should not be taken lightly as long as you are willing to protect your finances. Your loss shouldn't be the reason for your seat back, in fact that should be your source of knowledge, but never allow it to drive your motivation, if not you will end up being more hopeful, risking more of your money. Trading doesn't work that way, you need to be calm before making any decision.

[L E G E N D A R Y]

Some people always dwell with the failure of the past this will stop you from going further or to be successful, other traders even lost everything but with one trade they are back  into track, never think of what happen before always focus on what's ahead of you, if you always think of the failure, the result will also failure because you already make a barrier on what you can do, meaning you already set the ceiling of what you can achieve.

You see, learning from a past experience that turned out as a failure is totally different from allowing that experience to control your next decision or action. When people fail to remember such experiences, they can easily fall into that very mistake again and again, but dwelling on it on the hand, may potentially destroy their confidence and even stop them completely from taking future necessary steps. Rather than carrying that emotional weight with you everywhere you go, the best thing would be to rather learn from that experience, use the lesson learned from that to avoid repeating the same mistake again, but make sure to let down that weight and just leave it behind.

[Jostern]

Anyone accumulating for the long don't necessarily need to analyze the market before they can accumulate Bitcoin, market analysis are mostly done by the short traders mainly to maximize short term profit, but for those with a long perspective, they are in for the regular buying provided that they have their discretionary income without analyzing the market, some one can actually make mistake and when it happens learning from it should be the only right thing to do, one can't keep repeating the same thing and expect a different result and that is reality.

You’re absolutely right, an individual who is buying and accumulating bitcoin for the long term, wouldn’t appreciate speculating about the market, they would be mostly interested in buying and accumulating bitcoin no matter what the price of bitcoin is currently in the market, but people who are more interested in a short term profits are people who are mostly interested in speculating and suggesting when we are going to have a market dip in price, however they don’t know that they’re missing out on good tremendous opportunities of having more bitcoin in our portfolio, so it’s better to buy and accumulate bitcoin rather than waiting for a dip that we don’t know when it’s going to happen, buying bitcoin now is better than waiting and speculating about the market and price of bitcoin while waiting.

[WhoYouCantKill]

You’re absolutely right, an individual who is buying and accumulating bitcoin for the long term, wouldn’t appreciate speculating about the market, they would be mostly interested in buying and accumulating bitcoin no matter what the price of bitcoin is currently in the market, but people who are more interested in a short term profits are people who are mostly interested in speculating and suggesting when we are going to have a market dip in price, however they don’t know that they’re missing out on good tremendous opportunities of having more bitcoin in our portfolio, so it’s better to buy and accumulate bitcoin rather than waiting for a dip that we don’t know when it’s going to happen, buying bitcoin now is better than waiting and speculating about the market and price of bitcoin while waiting.

Attempting to predict the next dip can become a major distraction from the actual goal of consistent accumulation. The bigger problem is that, when you decide to target or wait for a better entry point, then you’ll have to try to get two things right before that can work, the first is when to stay out and the second is when to get back in. But that’s the problem, it’s not always possible to predict accurately when the next dip may come so you may end up waiting way much longer than expected and still won’t see the dip because you just might not know if the current price you’re seeing at that time is actually the lowest you’ll be seeing in a long time.

[Peanutswar]

Crypto can teach you some very expensive lessons. Greed, FOMO, and trusting the wrong people can wipe out years of progress pretty quickly.

The important thing is learning from what happened. Starting again with a smaller amount and better risk management is still better than repeating the same mistakes. Slow progress is still progress.

When you are new in crypto most of us committed in mistake but I dont recommend following what other mistakes learn from their mistakes you dont have the same path of them burned few bucks and asset just to learn. We have seen tons of traders do always liquidate their investment with different factor such as less knowledge, greed and FOMO now at your own you seen this already.

I used to be that so I do often tell to my friends keep learning and if you lose your money, analyze what are your mistake and learn from other people. In this market you cant survive on your own unless you are well dedicated and skilled.

[Issa56]

It is actually heartbreaking to loose your investment to scammers, and platforms which pretended to be genue, and turned out stealing your investment, and as a beginner such thing can make you loose interest in Bitcoin investing, and also make you feel Bitcoin investment is not even genue. And some of us here who are new are biggining to to understand the way Bitcoin investing works, and how we can actually stay safe as Bitcoin investors. Before now, I was familiar with these fake Bitcoin investment that promises very high return on your investment, and I actually think that is how money can be made from Bitcoin, not knowing it was all fraud. Am actually learning a lot here which is making me to be more cautious on how I approach Bitcoin investing without being deceived again.

Nobody will be happy losing their money to scammers, which is one of the reasons everyone needs to be ready for any situation. Scammers will always look for ways to take advantage of you, and in some cases, they will even chat with you on Telegram to see if you are trusting them. For this reason, never give them space to even talk to you, and those who are new should take security seriously because you lose what you have when you don't take security seriously.

And do you guys constantly create a lot of phony businesses that are so intriguing that they encourage people to try them out? However, many people continue to fall victim, which is why we constantly advise people to be cautious and to always ask questions. In addition, everyone must conduct their own research because that is the only way things can be even more secure when you do your own findings from whatever is pushed to you to invest in.