Scare money don't make real money in crypto

[Chilwell]

don't invest in crypto with capital that you're afraid of losing, instead invest with what you can afford to lose.

This sounds as a summary note to what is expected of everyone of us to do before investing, make your research and ensure the investment you are considering, investment can give you 100% turnaround or risk-free attempt, the level may varies and their outcome as well may not be the same, ensure that any investment you are taking is based on your intention to make a profit, and that you can also afford to risk it.

You have highlighted some of the important parts, everyone you see engaging in crypto is having the mindset of making profit, once we have that determination we should not put doubt in our decision, because that is what make some people to lose focus. Not in crypto alone but also in any kind of investment. We should always make sure that the money we can afford to lose should be the one to be involved in all this kind of risk, because we cannot avoid taking risk if not we will not grow.

The kind of mindset that most people have when it comes to bitcoin investment is what lead to a big discouragement, the assume they can have 100% profit and that is why most of them could not be able to cope.

[MorganaX]

This is what I have learned about cryptocurrency trading, and you should always have the confidence to go into it, knowing that you have the required knowledge and abilities to be a trader, so that you don't go into it with uncertainties when trading. Always prepare for the worst and expect the better to come, as there is always a risk in trading regardless of how professional you are being professional, but you can minimize this when you are very sure of what you are doing in Trading.

Experience builds confidence and not just knowledge, having the technical know how is important but what makes you take bold steps overtime is the experience that you have gotten overtime. No matter how skilled you are as a trader you can never be too certain about anything concerning the crypto market because having knowledge doesn't mean that you control the market, anything can happen.

You must have it at the back of your mind that you can incur losses at anytime, in the long run risk management reduces the losses that you incur.

[Odusko]

Scared money, 8 like that phrase and those who have Scared money meaning money that they will be scared to lose- such money can not help you as an investor, experience have thought us a lot of things and how to manage the risk that comes with cryptocurrency investment or trading. At the same time, this knowledge builds confidence in investors to make the right investment decision, investing your leftover cash on bitcoin and other crypto is the best approach because we already know to volatility of the market and how to avoid putting the money that is meant for emergency expenses into bitcoin such approach puts you as an investor under pressure to exit the investment even when the market value of those assets is not ffavourable

[Agbe]

It Should be noted that, there is a big difference between someone who is investing and someone who is into trading. Within the context of this thread it's important that we separate the two because when you talk about risk factors and using only money that you can avoid to losing on your investment it only applies to traders. When trading you should remove this type of mindsets of using a big money investing such as the bigger the money you use in trading the bigger your potential profit. So many people has been wrecked due to believe like this. Crypto currency trading is one thing that has no guarantee, we can only talk about taking risk when we are talking about investing. Because when we are taking about investment there are no risk factors ifvan investor is investing with the mindset of long term and is keeping the right safety and security procedures when investing. Investing should not be seen or grouped as taking risk because the risk factors are nothing when compared to trading.

[danieldavidd]

I grew up in a family where by you kids doesn't make decisions for themselves or trying to do something that will better your life and the family, that fair of making decisions for yourself will moved out you and what people doesn't know is that. those who are ready to take the risk wisely to make money are the ones who make smooth profit.

[Makus]

I think besides crypto currency investment, any kind of investment like even the Dangote IPO that recently launched may involve an investor to use funds that they are scared to lose naturally, so as it concerns crypto currency trading or investing like using a particular strategy like DCA, the funds you use might have other real world uses,  but it is because you believe the place you intend to throw the money into would in the long run bring good returns, that's why you invest in it.

So being scared is just an emotional reaction and it shouldn't stop you from believing in the results you aim to achieve when you go against the fear to invest, be it in trading, in accumulating or in any other form of investment.

Being scared could also be an indication that you are taking more risks that you are not really supposed to take at that particular phase you are in. If you are financially and mentally capable of enough to invest a certain amount of money in Bitcoin I don't think that you are going to be scared of losing, the problem with a lot of people is that they invest way too much and when the market crashes they start panicking.

[AYOBA]

Let's talk about real money, it doesn't always come with taking bigger risks in the market, we can make quite good profits as long as we're consistent in the market and we completely how the market operates, we're talking about how to calm down and not panic when the market is moving against your plans and not towards your direction, consistency, determination, risks management and DYOR in every sector you find yourself because they attributes to generating real money in the market.

The reason why those that are consistent in the market are still lose their money? Is because they do panic when they see that the market didn’t go towards their direction, and everything in life is matter of patience. Because you can just invest and within a week your expecting a big profit from the market, nowadays that the market is not even stable has make things to be more worse, but we hope that with the little everything will be okay; those that panic and rush to sell their own might regret later in the future.

In general, all what I'm trying to say is simple, don't invest in crypto with capital that you're afraid of losing, instead invest with what you can afford to lose. Perhaps I'm here and willing to explore and know more about the Crypto market, to grasp your opinions about the complex phrase "scare money don't make real money in crypto"

Best thing to do when it come to crypto is that first learn the basics of crypto before investing so that you will know how does it operates, not that you will just jump into in without a proper knowledge about the fundamentals of the market.

Secondly is what you stated earlier in your first line. If you where to start the investment using the amount of money that you can afford to lose; do not invest with your emergency funds, because that you will make you to lose everything together with your capital.

[Crypto_Timothy]

In general, all what I'm trying to say is simple, don't invest in crypto with capital that you're afraid of losing, instead invest with what you can afford to lose. Perhaps I'm here and willing to explore and know more about the Crypto market, to grasp your opinions about the complex phrase "scare money don't make real money in crypto"

You need money to make money, this is a fact we now live with and the same time, you can either multiply the money or lose the money but to make more money, you must have money at hand and to be frank this has been the nature of how many has evolved overtime.
If you are scared to lose money yet you still want to invest, probably because you see what others are doing and you feel like you don't want to left behind, so you follow the crown and invest. Now because you don't understand why you invested or what you invested in, that fear of losing is what will make you make improper and impromptu decisions that will eventually lead to you losing the money.

If you must still invest, I will always recommend you take time to study and do real research. Doing researching helps with gaining confidence and that same money you were scared of losing, you instead start seeing it as a tool to growth your wealth and once you start seeing like that, you just might make it so.

[ruykeri]

It Should be noted that, there is a big difference between someone who is investing and someone who is into trading. Within the context of this thread it's important that we separate the two because when you talk about risk factors and using only money that you can avoid to losing on your investment it only applies to traders. When trading you should remove this type of mindsets of using a big money investing such as the bigger the money you use in trading the bigger your potential profit. So many people has been wrecked due to believe like this. Crypto currency trading is one thing that has no guarantee, we can only talk about taking risk when we are talking about investing. Because when we are taking about investment there are no risk factors ifvan investor is investing with the mindset of long term and is keeping the right safety and security procedures when investing. Investing should not be seen or grouped as taking risk because the risk factors are nothing when compared to trading.

You are right, Trading and Investing are not the same thing. And if we are talking about investing in an asset like Bitcoin, then of course long-term investing is less risky. There is also risk in investing, but it can be controlled. But short term trading has a lot of risk and price prediction has to be done, which is not possible. If you cannot maintain the right entry and the right buying time, the risk of trading increases a lot. The risk of trading and investing is not the same but both have risks. But in the case of long term investing if you can create a backup fund from discretionary income and invest then it is possible to continue investing for many years. As a result the possibility of profit increases. And if you sell Bitcoin at the wrong time without keeping the right mindset then that risk is mainly created for personal wrong decisions. Bitcoin does not force anyone to invest or sell.

[Franklyn-wood]

This is what I have learned about cryptocurrency trading, and you should always have the confidence to go into it, knowing that you have the required knowledge and abilities to be a trader, so that you don't go into it with uncertainties when trading. Always prepare for the worst and expect the better to come, as there is always a risk in trading regardless of how professional you are being professional, but you can minimize this when you are very sure of what you are doing in Trading.

The excitement people get from the outside world of Bitcoin is what drves there interest into investing in Bitcoin, when all they thing is the profit they want to gain from there investment, they then ignore the aspect of taking time to learn all the basics of Bitcoin to avoid ignorance that could lead to losses. Scare money sometimes it's not about the money but the tension behind the fear and how to handle it, which can lead to selling of investment before it mature. Lack of proper information about Bitcoin could lead to fear and pressure.

[James161]

All my years of trading, I've come to understand this phrase "scare money don't make real money in crypto" to be more of a context and a complete complex term. In crypto, this complex phrase is used to stimulate traders and investors in the market to take the bigger risk in the market despite the losses that follows. When we're talking about scare money, we're talking about money investors and traders are scare of losing, money you can not afford to lose in trading, this is one of the reasons why it's important to invest with what you can afford to lose inother to refrain from unwanted financial pressure.

Let's talk about real money, it doesn't always come with taking bigger risks in the market, we can make quite good profits as long as we're consistent in the market and we completely how the market operates, we're talking about how to calm down and not panic when the market is moving against your plans and not towards your direction, consistency, determination, risks management and DYOR in every sector you find yourself because they attributes to generating real money in the market.

In general, all what I'm trying to say is simple, don't invest in crypto with capital that you're afraid of losing, instead invest with what you can afford to lose. Perhaps I'm here and willing to explore and know more about the Crypto market, to grasp your opinions about the complex phrase "scare money don't make real money in crypto"

“Well said!  I believe the key to crypto investing is understanding the risks, staying informed, and making wise decisions. The phrase ‘scared money don’t make real money’ shouldn’t mean taking reckless risks. Never invest more than you can afford to lose, and never let the fear of missing out control your decisions. Patience, knowledge, and discipline matter far more than gambling with your future. Keep learning, keep exploring, and always do your own research! My god

[Bright0515]

“Well said!  I believe the key to crypto investing is understanding the risks, staying informed, and making wise decisions. The phrase ‘scared money don’t make real money’ shouldn’t mean taking reckless risks. Never invest more than you can afford to lose, and never let the fear of missing out control your decisions. Patience, knowledge, and discipline matter far more than gambling with your future. Keep learning, keep exploring, and always do your own research! My god

Good advice, most people that still make mistakes in their investment in bitcoin know all of these but it's one thing to know something and it's another thing to actually practice it. A lot of people have these ideas on the right steps to take, they are being reminded countless times on the forum but they still get distracted. Self control is important, some people can be patient for a very long time and all of a sudden start doubting if they can actually make profit from bitcoin in the long run and eventually they end up selling their coins.

[Princess Leah]

~~~

Good advice, most people that still make mistakes in their investment in bitcoin know all of these but it's one thing to know something and it's another thing to actually practice it. A lot of people have these ideas on the right steps to take, they are being reminded countless times on the forum but they still get distracted. Self control is important, some people can be patient for a very long time and all of a sudden start doubting if they can actually make profit from bitcoin in the long run and eventually they end up selling their coins.

Having conviction is one important thing every investor must have asides patience, discipline and good decision making, and why is because the future of Bitcoin isn't guaranteed and could discourage people to withdraw their money especially when the market undergoes correction for too long.

 However having conviction would help remove sudden doubts since the investor would have strong believe that Bitcoin would still recover regardless of how long it takes. With that they'll have no reason to worry about making irrational decisions out of emotions.

[Fiasem20]

“Well said!  I believe the key to crypto investing is understanding the risks, staying informed, and making wise decisions. The phrase ‘scared money don’t make real money’ shouldn’t mean taking reckless risks. Never invest more than you can afford to lose, and never let the fear of missing out control your decisions. Patience, knowledge, and discipline matter far more than gambling with your future. Keep learning, keep exploring, and always do your own research! My god

Good advice, most people that still make mistakes in their investment in bitcoin know all of these but it's one thing to know something and it's another thing to actually practice it. A lot of people have these ideas on the right steps to take, they are being reminded countless times on the forum but they still get distracted. Self control is important, some people can be patient for a very long time and all of a sudden start doubting if they can actually make profit from bitcoin in the long run and eventually they end up selling their coins.

You know say to know something and to put am to practice na two different things,those bitcoin enthusiasts wey dey panic sell dem already know say bitcoin na volatile asset and any period wey bitcoin dey face price decline dem dey sell out of fear so i no go talk say people wey dey panic sell na because of lack of knowledge,but lack of knowledge dey also make people dey sell their coins.To me I no dey consider the volatile nature of bitcoin as risk because if bitcoin no dey volatile how those people wey dey buy only during the dip go take accumulate bitcoin aside that one sef when bitcoin drop even those people wey no dey only buy during the dip dey still accumulate more bitcoin for their portfolio,to me the major risk wey anyone suppose consider na how to secure their coins for the long term.

[Beke_26]

When you let your fear detect for you, always panicking during investment, this may stop you from calculating the risk involved in market drops and thereby prevent you from earning huge returns . The crypto market is extremely unstable and as such , investment  requires a calculative and precaution major . Scare money will always make you sell at loss instead of recognising instability as one of the features of the digital market. Fear of missing out can make one to buy at the top and sell the bottom. Overly cautious is not a good strategy for digital and so I would rather advise anyone who is venturing into crypto to Invest the amount of money he/she can afford to lose.

[Chibit01]

I grew up in a family where by you kids doesn't make decisions for themselves or trying to do something that will better your life and the family, that fair of making decisions for yourself will moved out you and what people doesn't know is that. those who are ready to take the risk wisely to make money are the ones who make smooth profit.

If I get you correctly, you mean your family don't allow you guys to make decisions for yourself, even when you have turned adult? A lot of things which happen in some families I really can't relate to. 

Investing is not just about risk, we have calculative risks and the ones which are not worth it. We just can't wake up and jump into buying any coin that comes our way and regard it as taking a risk when we are just literally throwing away money. I like to take risk when I see that it's worth it.

[Sunshine1525]

I grew up in a family where by you kids doesn't make decisions for themselves or trying to do something that will better your life and the family, that fair of making decisions for yourself will moved out you and what people doesn't know is that. those who are ready to take the risk wisely to make money are the ones who make smooth profit.

If I get you correctly, you mean your family don't allow you guys to make decisions for yourself, even when you have turned adult? A lot of things which happen in some families I really can't relate to. 

Investing is not just about risk, we have calculative risks and the ones which are not worth it. We just can't wake up and jump into buying any coin that comes our way and regard it as taking a risk when we are just literally throwing away money. I like to take risk when I see that it's worth it.

Thank goodness am not from such family, cause Bitcoin or crypto investment aside, imagine having a good opportunity to make wealth but you can't seize it even as an adult cause your family doesn't support it. God knows I'll break any rules holding me back and seize the opportunity, maybe they can also avoid me if my decision made me successful.

You're absolutely correct, one shouldn't just invest into any digital currency for the sake of taking risk cause at the end it could end up being the worst decision cause there are good coins likewise shit coins. Bitcoin remains the best for investment but the investor would also need to be calculative, understand it and use good strategies to make it successful in future.

[DiMarxist]

All my years of trading, I've come to understand this phrase "scare money don't make real money in crypto" to be more of a context and a complete complex term. In crypto, this complex phrase is used to stimulate traders and investors in the market to take the bigger risk in the market despite the losses that follows.

I think those that are smart enough knows what this statement means and they wouldn't take it out of context. This should not be something that stimulates traders and investors to take careless risks but a reminder that you should invest an amount of money you can afford to lose or your discretionary income, this is because there is nothing certain about the market, you can lose at anytime.

In general, all what I'm trying to say is simple, don't invest in crypto with capital that you're afraid of losing, instead invest with what you can afford to lose. Perhaps I'm here and willing to explore and know more about the Crypto market, to grasp your opinions about the complex phrase "scare money don't make real money in crypto"

A lot of investors and traders are aware of this but they ignore because they want to make quick money, this is the reason why they don't apply risk management or invest amounts of money that they can afford to lose. This is my first time hearing this phrase but it explains itself.

[ASloveapg]

This is what I have learned about cryptocurrency trading, and you should always have the confidence to go into it, knowing that you have the required knowledge and abilities to be a trader, so that you don't go into it with uncertainties when trading. Always prepare for the worst and expect the better to come, as there is always a risk in trading regardless of how professional you are being professional, but you can minimize this when you are very sure of what you are doing in Trading.

The excitement people get from the outside world of Bitcoin is what drves there interest into investing in Bitcoin, when all they thing is the profit they want to gain from there investment, they then ignore the aspect of taking time to learn all the basics of Bitcoin to avoid ignorance that could lead to losses. Scare money sometimes it's not about the money but the tension behind the fear and how to handle it, which can lead to selling of investment before it mature. Lack of proper information about Bitcoin could lead to fear and pressure.

And this is why you cannot be blind in any investment, but you must have the mentality and ability to manage it properly. Bitcoin is a volatile investment and you will have to face a lot of volatility in the investment journey, but by ignoring all these volatility, you have to continue your investment without any loss, and for this it is important to understand Bitcoin first and have the ability to manage Bitcoin properly. No one can ever achieve success from Bitcoin in a sure and simple way. You have to survive here, ignore volatility, manage your greed and emotions, and be stable towards long-term goals. But you have to move forward by knowing why you are investing in Bitcoin, what risks are involved in it and what are the possibilities, and how to manage these things. Everything can be destroyed by one wrong decision, and therefore you have to learn to manage your investment properly through caution.

[Jaycoinz]

I'm a nutshell it is important to only invest an amount of money that you can afford to lose, the reason why a lot of people end up losing their investments is because they sell their coins out of fear either because they invest  their emergency funds or amounts of money that they cannot afford to lose. Scarce money should not be used to make many form of investment because there are risks involved