After losses don't let emotions weigh you down

[Danish Ali]

In the OP it is briefed of not letting you down on losses out of bitcoin and anything else. In recent days there happened the coldcard hack. By the time came through a person's reddit post mentioned by our forum member stating his long term saving of around 2 bitcoin being lost. Those were his entire savings in terms of investment. He lost everything and he lost hope on bitcoin, here there is no mistake on him. Once again to start from the scratch is very tough as it has taken him around 8 years for this. In such situation anyone will go low,  for god's sake he has emergency fund and with that he was able to sustain. So, at times when we hadn't made mistake and we were to take the outcome it'll surely make the person emotionally down.

It’s heartbreaking, but code-level risk is the cost of absolute sovereignty.

This is why multi-sig and redundant setups exist. Devastating for the guy, but it shows that even cold storage isn't a 'set it and forget it' magic box.

[Qhunman]

Losses may hurt but don't let it weigh you down.

Losing money in Bitcoin can destroy your emotions entirely.

Bringing fear, depression, regret and even frustration.

Yes, it will surely hurt  especially when it is something that is valuable to you but it also depends on how valued that particular thing is to you that will determine how badly you will feel. Bitcon is a very valuable asset, so it will hurt you if you lost in a trade or maybe your wallet was hack. This is why everyone must ensure that the money there are investing in bitcoin is what they can afford to lose because I believe that can also contribute to depression and regret. Bitcoin is not guaranteed, so to avoid ever experiencing those bad feelings then I think investors should learn to take their wallets security seriously and then they should also invest with what they are willing to let go,so that if something unusual happens to their bitcoin, they can easily gather their strengths and move on with their lives.

[savetheFORUM]

In conclusion
Loses occurs everyday, although is painful but don't let it weigh you down, Quickly learn from previous mistakes and apply self discipline.

People lose money everyday in the crypto space, but not all looses were as a result of poor security practices. And there are some looses that would happen to people they would lose interest in that project completely. There was this thread I came across on this Bitcoin discussion board, it was about a man who lost his Bitcoin investment due to a compromise involving his coldcard wallet. I really feel pity for them, because all their years of sacrifice buying bitcoin gone and gone forever.

That is true; it is definitely not something that happens to everyone, but the ones who do happen to are doing something that is a lot worse, and I think we should not be expecting something like this every single time. I think it is clear that we are going to end up with bad results for the long term, and the best thing we can do right now would be ignoring the losses. Well, not technically ignore them, because ignoring would mean that you learned nothing from them.

The smart way would be learning from them, studying trading and indicators and all around technical analysis and that way you would know when something goes wrong, you can study why it went wrong, and you can learn something from it to prevent the same mistake from happening again in the future. If you are capable of doing this, then you are going to make less and less mistakes. It doesn't mean you will never repeat the same mistake twice; you may, but at least you would be more careful, and you will get a lot better results over time.

[AYOBA]

I know that traders are losing but I do not know that bitcoin investors are losing except they sold their coins at the wrong time. If you have money to buy bitcoin and you do not want to sell it for some years, that is when you should invest in bitcoin. You can have unrealized losses for some days on period but bitcoin will still get to all time high after that.

Since I have been investing in bitcoin, that has been what I have noticed but at the end of long term of not selling, profit will be made as usual.

Yeah, is only those that doesn’t have patience about the Bitcoin investments losing mostly because some people’s think that once they invest they can able to sell at any moment and get a profits, and one thing about it is that the Bitcoin market is not stable it might happen that the time they’re plan to sell Bitcoin the market is down. So definitely their going to sell it at lost, but for the traders everyone knows that the trading is involve of so many risks that’s why I will never advise anyone into trading, because trading deserves a better understanding and attention.

[Queen uloma]

To Loss is always painful especially when money enters into bitcoin and it didn’t go as expected. It can bring fear, frustration and regret but one shouldn’t allow those losses to kill their confidence or mindset. Losses is part of investing, and instead of complaining or making emotional decisions, it’s better to stay calm and look for what caused the mistake. Self discipline is one of the best ways to manage losses.

Learn from what happened, make a good decision next time, and adjust your strategy. Losses can happen everyday but the most essential thing is to learn from them, remain focused and move forward. Don’t allow bad experience to stop you from becoming a good investor.

[Sonia_123]

In conclusion
Loses occurs everyday, although is painful but don't let it weigh you down, Quickly learn from previous mistakes and apply self discipline.

This your suggestions will be good for Bitcoin traders. This set of people monitors the market every day, intending to make profitable decisions. Traders might face daily losses or gains based on the market conditions. But for long-term investors, one Bitcoin=1BTC. There is no need to be worried because the price dropped since the price will increase in the future if you keep hodling. I experienced fear during my early days in Bitcoin, but over the years I have learned that there is no need to panic when the price drops. Just keep hodling.

Not only traders bur for every one because it is not only in trading that we make losses but in other aspect too. One can obtain losses too during various transaction of Bitcoin or not properly storing your coins which now expose them to scammers, lack of proper understanding during transactions, carelessness, unseriousness, trying to be too smart, disobeying rule and regulations and others can lead to losses which alot of persons learn their lessons from there and put things right in other to avoid more losses.

In bitcoin, one needs to be very careful if not you will learn your lesson in a hard way or regret your actions because lost coins due to carelessness can never be regained.

[HajiBagi]

There is no loss in bitcoin investment unless you don’t have a proper entry and exit plan to your bitcoin investment. For one that has invested in bitcoin at a lower price and sold at an higher price cannot face loss. Those that fall in this dilemma are mostly selling out of panic due to fall in price. If you as an investor stick to your plan of taking profit at a targeted price, you don’t have a problem of selling at loss because if your goal hasn’t being achieved, you won’t be pushed to sell no matter the condition of the market. Set the rule, stick to the rule, don’t pay attention to FOMO/FUD, and you’ll have a profitable investment in bitcoin.

Those who don’t trust bitcoin are the ones that loss their bitcoin, because when you don’t trust bitcoin or doubting that you will lose your money if the price falls, you will end up selling your bitcoin without knowing when you make the decision. Anyone who stick to their plan will never loss their bitcoin, because they will never consider selling even when the price is falling, they know that no matter how the price falls, the price will rise.

Anyone who understand bitcoin will not panic about the price, because i have never seen a bitcoin price fall and never rise again, no matter how much time it takes the price will surely rise even when bitcoin can not be predicted. People that  do not believe in bitcoin are the ones calling it a scam and spreading negative information about bitcoin because they can not admit their mistakes for selling their bitcoin.

[Agbam]

Losses may hurt but don't let it weigh you down.

Losing money in Bitcoin can destroy your emotions entirely.

Bringing fear, depression, regret and even frustration.

Yes, it will surely hurt y especially when it something that is valuable to you but it also depends on how valued that particular thing is to you that will determine how badly you will feel. Bitcon is a very valuable asset, so it will hurt you if you lost in a trade or maybe your wallet was hack. This is why everyone must ensure that the money there are investing in bitcoin is what they can afford to lose because I believe that can also contribute to depression and regret. Bitcoin is not guaranteed, so to avoid ever experiencing those bad feelings then I think investors should learn to take their wallets security seriously and then they should also invest with what they are willing to let go,so that if something unusual happens to their bitcoin, they can easily gather their strengths and move on with their lives.

The only loss of bitcoin that’s worth any sympathy are those who lose their money through hacks and fraudulent schemes that’s beyond their control. A trader who over leverages and loses his money is out of his own greed and choice. Bitcoin is a long term investment, the goal should be to hold for a reasonable long term.

I don’t think if you buy your bitcoin and hodl, you’ll ever be in loss except you decide to panic sell when price is dipping below your entry point.

[terrific]

I don’t think if you buy your bitcoin and hodl, you’ll ever be in loss except you decide to panic sell when price is dipping below your entry point.

That sounds very assuring.
Don't get me wrong but there can be some exception into this.
There were investors who did that during the peak and let's say being told to buy and assured that they're not going to lose.
But they were wrong, they're now currently at loss and so the timing is important on this to say that they will not ever have a loss.

[Agbam]

I don’t think if you buy your bitcoin and hodl, you’ll ever be in loss except you decide to panic sell when price is dipping below your entry point.

That sounds very assuring.
Don't get me wrong but there can be some exception into this.
There were investors who did that during the peak and let's say being told to buy and assured that they're not going to lose.
But they were wrong, they're now currently at loss and so the timing is important on this to say that they will not ever have a loss.

Okay I used the wrong words, I should have said you will not lose your bitcoin if you just buy and hold. Those who bought at the ATH price if they decide to hold through this dip, the market will recover and will surely see more ATHs. So technically you’re not in loss until you’ve sold your bitcoin.

Timing might matter but I don’t think it’s important if you’re going to hold for a long term, you don’t need to start waiting for a good entry price.

[DiMarxist]

In conclusion
Loses occurs everyday, although is painful but don't let it weigh you down, Quickly learn from previous mistakes and apply self discipline.

I don't agree that loses occured in Bitcoin every day, that will be putting Bitcoin on the bad spotlight. Are you talking about trading or investing, you have to make it clear because it's only in trading that loses occur on daily basis which replies largely on how , good the said trader .


Bitcoin has proven to be profitable. That is why among all the crypto currencies Bitcoin is the most adopted Bitcoin, the only persons that experience loses when it comes to Bitcoin are actually, the Bitcoin opportunist who  views Bitcoin as a way of making easy and quick means of making money, and so invest without thinking about long term basis. Investor who thinks about short term basis are the only once that will experience loses.

It's true that we need to prepare our emotions when investing in Bitcoin, but is not in the area of people experiencing loses which you are making it look.

[terrific]

I don’t think if you buy your bitcoin and hodl, you’ll ever be in loss except you decide to panic sell when price is dipping below your entry point.

That sounds very assuring.
Don't get me wrong but there can be some exception into this.
There were investors who did that during the peak and let's say being told to buy and assured that they're not going to lose.
But they were wrong, they're now currently at loss and so the timing is important on this to say that they will not ever have a loss.

Okay I used the wrong words, I should have said you will not lose your bitcoin if you just buy and hold. Those who bought at the ATH price if they decide to hold through this dip, the market will recover and will surely see more ATHs. So technically you’re not in loss until you’ve sold your bitcoin.

Timing might matter but I don’t think it’s important if you’re going to hold for a long term, you don’t need to start waiting for a good entry price.

That's much better.
We won't be losing our bitcoins but depending on the buying price will determine the outcome of our profit/loss.
But if someone decided to do it long term and I agree with you, there can be a lot of emotions being played into it along way by holding and experiencing the ups and downs of the market.
Yes, those who have held and bought during the ATH can still recover or at least break even. Yet, that's not the end goal if they have understood why we're telling to go long term.
As they wait for that recovery, if they are able and have the capacity to DCA then that's the better approach on this bear.

[Nwada001]

I think you need to learn to use your emotions to benefit you.  Typically when I feel like throwing in the towel on an investment, that is the bottom.  Similarly, when I feel like bragging about my gains, that is usually the top.  When you can learn to benefit from your own emotions and learn to sell when you get excited and buy when you're fearful, then you are not only not letting your emotions weigh you down, but are using them to uplift your portfolio. 

Your pattern is a nice strategy that requires not just patience alone but also discipline. I can understand the pattern of cashing out and taking profit when there is an increase and your mode feels like it, but it’s a different case when we want to talk about buying in every single dip situation. Some can’t hold the profit gotten from selling earlier, and not all also have spare money to take advantage of market dumps to their own favor.

[Nanga Parbat]

There won't be success and possible profits if after losses, traders and investors allow their emotions to rule over their minds. Instead, they should learn to overcome those emotions because this is the only way to start again and this time, they will be more less emotional but more focused and driven to their end goals and future profits.

But honestly, it's hard to combat with your emotions. A lot won't succeed on this battle. But if you are really steadfast and loyal to your goal, you will do everything even if it means setting aside your emotions in order to succeed and taste your final profits.

Controlling emotions is always hard for anyone, especially while you are having a defeat of lost things that have never been high because some losses bring big breakdowns. Recently, too many things have appeared on social media about losses and having worse consequences because people spend their lives having savings and doing hard work for their future, but they lose it all within just minutes with no chance of recovery. In trades or investments, things are different, but still, it all depends on the person who is suffering because if he has the ability to recover, he needs to stay calm and start from scratch again, but in most cases, it's never been emotions, mindsets, and age factors. Also, important people who love to fight and have sources sometimes are also able to fight back, but it's not for all.

[Russlenat]

Emotions are often the main reason why some losses in their investment or trade because they come up with wrong decisions and negative emotions. So if you let your emotions still control you despite of the current losses, you don't prevent yourself from further losses, but you are allowing those emotions to ruin not just your financial and psychological health, but also your peace of mind because constant losses would lead to emotional breakdown and make you broke in the long run.

Instead, learn to overcome those emotions that keep ruling you, stay strong and keep moving forward. Success does not matter how often you lose, but it matters more on how you stand firm and get back on yourself and stay motivated and well-driven again.

[Jubilee58]

Losses may hurt but don't let it weigh you down.

Losing money in Bitcoin can destroy your emotions entirely.

 Bringing fear, depression, regret and even frustration.

 This has really kills so many people mindset towards investing in Bitcoin, because after putting onces hope to get something and it ends up not working after, it really changes one mentality towards giving a try again.

After losses in Bitcoin, you as an investor is ought to have experience a loss while investing in Bitcoin.

Don't let your emotions brings you down, don't feel frustrated, stay calm avoid complain and apply discipline and make decisions.

Self discipline is an encouragement to kill emotions quickly, have a perfect plan and learn from the mistakes and move on.

Learning from loess means focusing on becoming   great and making a better decision on how to scale through losses.


In conclusion
Loses occurs everyday, although is painful but don't let it weigh you down, Quickly learn from previous mistakes and apply self discipline.

Not every investment ends in profit, their could be circumstances that could lead to losses in an investment, sometimes it could be the fault of an investor or it could also be the market situation which might be unknown to the investor. In Bitcoin investing there are several ways one can make losses or even loose his or her entire investment such as the use of an exchange to store your bitcoin asset, when an exchange is used to store your bitcoin asset, and their is an attack on that exchange, your bitcoin could be lost.
Another thing that could lead to lost of bitcoin asset is missing login details like your key phrase, pass phrase etc, when this happen your entire Bitcoin investment would be gone.
One can also loose his bitcoin through trading, and could lead to either partial or total loss of your Bitcoin asset, and many other ways. However, which ever way you lost your Bitcoin asset, you should be composed enough to know you can start again, and the lesson you will learn will also help you out not to become victim of your investment or make such erroneous mistake any longer.

[Antotena]

If you buy Bitcoin in the spot market and hold it, the price drop is not immediately considered a realized loss, unless you sell it.  However just holding it does not guarantee that you will make a profit in the future, because if you buy in wrong time, you can't make any profit. Long term holding or DCA can reduce the pressure of short term price volatility and market timing by buying regularly.

But If you do future trading with leverage, then the situation becomes much riskier. Even a small price movement in Bitcoin can create a large loss or liquidation in a leveraged position, so I would say that long term spot holding and leveraged futures trading are not the same type of investment.

When I went through OP post, I was surprised myself because I don't know how holding of Bitcoin can result into loss. The only loss that I think one will be starting over is when you have loss e everything, you don't have nothing to fall back to again and you have to start over again but if this is holding of a coin that resulted in negative price fall, then that one is nothing. Thee is no assets with value that does not fall with price, after sometimes it will rise back.

Unless you are holding a ponzi scheme but this is Bitcoin, there is nothing about Bitcoin that is not going to reverse. People that are here from day one knows how Bitcoin does make it recovery, the bull run will make the price go back to it's previous all tike high and if the market is good, you should be seeing a new all time high again, which that time you have the opportunity to take your profit and exit the market.

[Homemade-IQ]

Losses may hurt but don't let it weigh you down.

Losing money in Bitcoin can destroy your emotions entirely.

Bringing fear, depression, regret and even frustration.

Yes, it will surely hurt y especially when it something that is valuable to you but it also depends on how valued that particular thing is to you that will determine how badly you will feel. Bitcon is a very valuable asset, so it will hurt you if you lost in a trade or maybe your wallet was hack. This is why everyone must ensure that the money there are investing in bitcoin is what they can afford to lose because I believe that can also contribute to depression and regret. Bitcoin is not guaranteed, so to avoid ever experiencing those bad feelings then I think investors should learn to take their wallets security seriously and then they should also invest with what they are willing to let go,so that if something unusual happens to their bitcoin, they can easily gather their strengths and move on with their lives.

All what you said here are true, because nothing beats investing with what you can afford to lose. The set of investor or traders that break down emotionally after a loss is as a result of investing what they cannot afford to lose, but if any Bitcoin investors or a trader can invest or trade with only what they can afford to lose, they will be ok emotionally and psychologically.

So that is what all Bitcoin investors or traders should emulate in other not to be down emotionally after a terrible loss.

[Questat]

Emotions will create bigger losses if left uncontrolled, thus harming you more financially and psychologically. So the key here, don't get carried away with your emotions, you don't trade or invest for emotional contentment, but you trade for possible future profits.

However, the biggest challenge here, losses are part of the game. In fact, everyone must lose so they can learn their lesson. But there should be limits. And as much as possible, emotions shouldn't be highly involved as they could only bias our decision making and future actions.

[LogitechMouse]

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In conclusion
Loses occurs everyday, although is painful but don't let it weigh you down, Quickly learn from previous mistakes and apply self discipline.

"Investing and losses" for me are always together because whenever you're investing, there's always a chance that you will lose your money. I mean for newbies, their chances of losing money is higher since they don't know what they're doing, and they can easily get swayed by what they're seeing online. The more time you invest and the more experience you gained, the lesser the chances, but for me, it will never go to zero because even those pros out there at some point lost their money still when it comes to investing.

Speaking of the pain, I'm pretty sure that ALL of us here experienced that. Whether it's from buying at the peak price of Bitcoin, to getting liquidated whenever we went into trading, to losing your money due to bridge hacks to anything. We've experienced pain at one point, but the good thing about some of us here is that I believe that we can move on easily from it because I believe we are intelligent investors here and we only invest the money that we can afford to lose. As for those who went all in though, and had a very painful experience, I hope that your still fine, and didn't stop.

We're human beings so being emotional is inevitable. What we can do is to make better decisions based on the emotions that we felt from that one.