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Quote from: Futurexxx on January 14, 2025, 03:08:13 PM

Quote from: Tamaperdana on January 14, 2025, 01:53:36 PM

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Quote from: Tungbulu on January 14, 2025, 06:41:23 AM

And you’re right, many of them get burnt but they never for once learn from that experience neither do they even get wiser for it. They just keep on repeating the same cliched dialogues and fake statistics, as if they are trying to convince themselves more than anyone else. It is like, bro, if you want to trade the market, do it right with a proper plan and strategy, and don’t get lost in all the buzz!

It's funny and stupid at the same time that they don't learn, they've this strong conviction from hell that they would find a better strategy to get profitable. Trading deals with them from both ends, they rarely can focus on any other things apart from monitoring charts as against investors that go about their other sources of income, make money and return to purchase when time is due. The employed ones amongst them sometimes perform badly at work. I've worked with a guy who focuses on his trades and gives less attention to his accounting duties, even if he's working, he's absent minded either thinking about the trades he opened, or suffering a burnout from some loses, finally, his records were laced with lots of errors, got laid off and arrested for missing funds.

From there and a few experiences myself, I learned that there are more troubles in trading much more than investing into Bitcoin and honestly, it's easier to be an investor than a trader.

This is where it is important to manage emotions or mentality when entering the realm of crypto or bitcoin. Because if we can't control our emotions well, we will definitely end up feeling greedy and wanting to make quick profits. So if you fall into this, it is certain that everything you do will end up not being good. So this is where it is important to think realistically and not get carried away by the news that is spreading, such as news about people who have become rich from trading crypto. Because this is very dangerous if we fall into it.

Because in my personal opinion, trading in crypto or bitcoin has a huge positive side if we carry it out with sound knowledge and good emotional control. But the mistake is, many people are trapped by the news, and think that trading in crypto or bitcoin is an easy thing. However, in reality it is not that easy. So what's wrong is not trading or investing, or even crypto assets. But what is wrong is the person who carries it out without proper understanding.

Talking about the bold words, do we need to manage our emotions as investors? No, managing emotions are for traders not investors like us.
As a Bitcoin investor, your job is to buy and hold, the secondary aspect is to having a good source of income and an emergency funds to sustain you during the emergencies, you have no business being emotional while holding your Bitcoin.
It is only traders that get f**k up time and time again because they think that they can outsmart the market not knowing that it is very and extremely difficult to succeed as a trader, unlike investing in Bitcoin that anyone can invest and be successful in it, if he is a long term holder and he has a source of income and an emergency funds kept aside in case of any emergencies arise in the future.

I think emotional control is also needed by an investor in Bitcoin. Even though it is true that an investor will not be as emotional as a trader, there are still times when an investor also feels irritated and afraid. As is the case at times when the price of bitcoin experienced a decline that occurred in recent years. For a bitcoin investor who doesn't have good patience, and has deep anxiety, I'm sure many people sold their bitcoin at that time. So if you look at this, I think controlling emotions is very important even for a bitcoin investor. Because in my personal opinion, bitcoin investors who will be successful in holding their bitcoins are investors who are able to control their emotions well. Because in my opinion controlling emotions is an important pillar that every investor in bitcoin must have. Because the logic is like this, people who cannot control their emotions well will definitely not go well in every job they undertake. And so does investing in bitcoin. Because you need to know, when holding bitcoin, the main enemy that will continue to haunt us is our own emotions. So if we can't control our emotions, it is certain that the bitcoin investment that we are carrying out will most likely fail along the way.

I wouldn't rush to say you are wrong because on a normal every human being has emotion but been emotional whenever the price of Bitcoin is not going well, to me I will categorized this people or investor as:

1. Investor who doesn't understand what is Bitcoin or how Bitcoin works because if they do actually know that Bitcoin is a volatile asset they won't be so emotional about it because definitely Bitcoin will still go up for sure.

2. Investors who invested what he or she can not afford to let go because any investor that invested what they can let go can or should not be worried or emotional about the market because they invested a money that they feel they don't actually need or money that won't affect them in any way.

3. A short term investor, most short term investors are always carried away by the market price