Post
Topic
Board Bitcoin Discussion
Re: What you need to know about trading
by
HajiBagi
on 25/11/2023, 18:06:51 UTC
Most people think life is a bed of roses, is all about sunshine,  enjoyment etc not knowing that there's always a  tough time and the ability of one to overcome this time makes him great.  Tough time is the point through which poor and successful people emerges depending on the choices and decision they take.
Most traders and investors are inpatient they only think of the positive side of it ( making profit) not knowing there will always be a loss someday,  well most of them know but when they make losses they became frustrated and unstable,  some will give up because of that little experience.  Sometimes we make losses and we have bad experience like we offend God but no, we are only been tested.  Some of the spirit of a trader or invest is "I can make it mindset, resilience...

You made a valid point, buddy. A lot of people these days are impatient and don't think about losing money at all. I've seen a lot of people lose money because they didn't expect it to happen the way they thought. In any investment, if you don't experience any losses, you won't take it seriously enough to work harder the next time. Even in business, you will experience many losses and never understand the value of a profit. I know that everyone invests money or starts a business with the intention of making a profit, but it's also beneficial for us to understand how much our profits are worth.

I have witnessed a lot of people give up on bitcoin investing due to small losses, and I also know of a friend who is unwilling to make any more investments because he sold his bitcoin when he was having financial difficulties and did not make any money because the price of bitcoin had not increased since he bought it. This is the only reason he decided against making any more investments. In my opinion, there was no valid reason for him to stop investing in bitcoin because he did not sell his coin at a profitable time.