There are many many things that contribute to investors failure when dealing with cryptocurrency and if they failed to find those points of failure their crypto journey will continue filled with failure. As an Investors we make countless mistakes that we all forget it can lead to many failure.
Many of us looking cryptocurrency as one investment that is surrounded with many opportunities to grow financial, undoubtedly crypto is an transformative opportunity to have financial gain in the long run. But people concern about the volatility and regulations, likewise the market manipulation deprived many not to put their toes on the water.
To be sincere, crypto investment is a sweet investment and it going to revolutionize the world of finance whether the world like it or not, the future of cryptocurrency is bright.
Well, that is not exactly where I am heading to. "Why investors are failing in making a good crypto investment",
There is only one thing that is contributing to failure and unable to make a good crypto investment, and that is our attitude of sacred of losses. Right before we invest on crypto we all aware crypto investment is a risk taker investment that you have to be comfortable with risk. I want us to believe on something, if we don't accept on the crypto volatility there is no how we will make profit out of it.
Majority are scared of losses and they forget that there is no way you can win in every trade setup that there wouldn't be a tough and difficult time. Crypto is that investment that can make you rich in short period and also make you lost all your fortune in short period as well. But if we have to look how traditional investors who want to be part of cryptocurrency view it, we will understand that crypto is not something you have to scared of losing if you still want to invest for longterm. Traditional investors view it as investment that is highly speculative and can make you out for your comfort zone.
Failure is part of the game
Our fear of losses contribute more to our failure in crypto, but majority dont know failure is the part of the game. Because we are avoiding losses we end up rushing. That is, we end up looking for quick gratification and then forget to enter the market with logic that will lead us into success. Crypto is a volatile market, we need a system logic on how to enter the market not by looking for quick way to jump into the market.
Many other things like decision making, making a bad decision make people failed to make a good crypto investment, and it lead many back into scared of losing. We don't need to worried about losing, it is just a normal phenomenon in the history of trading crypto. But some investors still panic and sell upon the slightest movement that is contrary to their chosen trade.
Crypto is the future, let us have the long-term mindset so that we can get away with the fear of losing. I believe in long-term investing on crypto can make individual to be less worry about the volatility.
Thanks For Stopping, Happy Thanksgiving