Post
Topic
Board Trading Discussion
Re: you need to overcome your fear of losing money
by
mx667
on 24/11/2017, 01:36:34 UTC
For us to overcome the fear of loosing money, first, we must prioritize our allocation of income. There should be money for investment, savings and expenses, the one for investment will be the we need to focus on, since it will help us in earning more income and will make our money work for us. If we know how to allocate out money, it will less the risk of losing money, in a way, it will give us a sense of security that we still have money saved, than putting it all on investments.

In the past, when I first met Bitcoin, I was too scared to invest because I was afraid that someday Bitcoin's price would go down and I would lose. I'm afraid that one day Bitcoin will disappear or go bankrupt. A few years later, I was able to figure out how to collect Bitcoin in a decent amount. But I'm still scared and do not want to invest. In the end I managed to get another job that did not affect my main income, that is doing Campaign in this forum. I am so excited and diligent to do Campaign. I wish I could collect Bitcoin that much in 1 to 2 years. After that I will save my Bitcoin, to sell it in the future when the price has doubled 10 times or 20 times. But I will not stop collecting Bitcoin if that's necessary. Now I'm not afraid anymore because I've seen a huge increase in Bitcoin prices.