When it comes to investments in Bitcoin don't wait till you make a mistake before you learn from it. Why not learn from others who have made similar mistakes in the past and have shared their story. This is money you are using to invest and you are following a path that will make you to lose your money so that you will now learn from mistake. Money lost cannot be recovered and you will live to always regret it. In investment don't wait to make your own mistake as there are some mistakes you will make in this life, you might not recover from it.
I can't agree with you on this point, it is definitely possible to recover lost money in investments. What do you mean by lost money? By lost money I understand that money lost after investing is lost money and if you think that amount lost is lost money then you are totally wrong. Invest and get rid of thinking that investment will only give you profit because if you want to take only profit share then who will take your loss share. Investing is risky and the investor has to take risk in investing. Why is it repeatedly said that investing will not only make you gain money but also lose your money that is why the investor is told to take the risk of his own money. In addition to taking the risk of own money, it is said to hold the investment for a long time so that if the money is lost after investing, the loss can be recovered later. If you invest and after investing some money is lost and immediately if you sell your investment and start investing again then it is not possible to recover the lost money.
It is ok but investment should not be sold or excited only if there is a small loss in the investment. Long-term investment means we do not mean that after investing some profit and loss and sell your investment within a few days, it is not called long-term investment at all. Make up your mind and develop risk appetite and have enough patience only then long term investment is for you.
In as much as we are trying to make some certain level of impression here, it is also important to understand what someone is saying before quoting them to add your opinion. As we are trying to share our view on a particular post, let's make sure we have proper understanding of the content of a post you are quoting, before we make other users look like they don't know what they are saying or make them feel like novice, because we want to gain attention. From my earlier comment that you quoted me, I never said when you invest you should only have a profit mindset. I understand quite well that profit and loss are part of investment. From my earlier post I was only responding to the user who said experience is the best teacher. And he said it is quite okay to make a mistake which will make him to lose money and then learn from it. I was of the opinion that it is better to learn from other people's experience who has been through that path, than following that same path that will make him to lose money before he can learn from his own experience. I have been following this thread for sometime now and I understand that investment can go both ways. But when it comes to Bitcoin investment you stand a better chance of profitability when you hold for the longer term.