Post
Topic
Board Trading Discussion
Re: you need to overcome your fear of losing money
by
tabas
on 19/12/2016, 09:19:23 UTC
Actually, losing is a part to every decision we make and nobody want to try this or nobody wants to lose money. And when it comes to investing, the fact that this is a possibility has unfortunately, turned a lot of people off and  made them choose not to invest at all. I used to be like that, too. I was strong believer that when it comes to my hard-earned money, "its better to be safe than sorry."
Sometimes we need to take risks, as long as the risk is a calculated one then there is not need to avoid it, every time you drive you are in risk of crashing, but since you take the precautions necessary you reduce that risk at a minimum, the risk is still there but is now a lot more manageable.

Every trade has got risks, importantly there is no need to fear of losing because price fluctuation is quite normal with bitcoin. This surely gives you better profit if you can hold the bitcoin for a long time if price variation doesn't happen equal to the profit that's been targeted.

Yes, because once you have accepted that there is a chance of losing that will not hurt you once you lost. And if you have the fear of losing money then you are not worthy to accept some risks in investments for all types of investments has risks. Even though you are just into holding of bitcoins still there is a possibility that instead of getting profit, you will have losing chance.
Holding could not only make you losing the chance but also losing the value of your bitcoin even though the amounts of your bitcoin will remain the same but its value will be either increased or decreased depend on the current price. everything in this world which can make profit or atleast make an additional money having the value and it's really normal.if it didn't then people around the world must be already rich

I don't think that by just simply holding your bitcoins will make you lose the value of your bitcoin. Because many are believing that the more bitcoin we will be holding the more chance of making our bitcoins to have higher value because of its price increase but still we must not be confident with that. As there is a also a chance of losing its value.