Don't be in a Rush

[doc]

         -    Researching a coin is important when we are looking for a potential cryptocurrency that we believe can provide a high return on our capital. Because if we only rely on our opinion or hunch, there is a big chance that the capital that we will use in cryptocurrency assets will end up being nothing.

That's why it is very important for us investors to be wise in choosing the cryptos that we will invest in. It doesn't matter if we choose slowly, as long as we are sure that there will be a good return on the capital that we will use in a crypto asset.

Research takes time and of course we have to have the experience and knowledge to carry out research. This is very important to do before we invest in coins. Moreover, if we want to invest in new coins, this is very risky and we must have good knowledge in research.

[JunaidAzizi]

Personally, I saw some people recommending to each other that they should start trading because trading can make them rich in a short time, and they both agree on it. My personal thoughts are that trading is like an ocean, if you don't know how to swim, then you will sink in the water. This is a wrong mindset that comes in our youngsters, and they understand it when they lose everything in it. I can't understand why people always jump into things that they can't even understand simple basic terminologies, but still, they are doing it. I think maybe this is because of greed or poor economic conditions because both can lead you to earn a lot of capital in a short interval of time. I suggest to these types of people that don't come to trading if you don't know about it. When you have full control over it, then come, and then maybe you can earn more money in a short time.

[alltalk]

Personally, I saw some people recommending to each other that they should start trading because trading can make them rich in a short time, and they both agree on it.

This is really untrue, this will motivate more people with zero knowledge to trade carelessly. They only focus on how to achieve the same way? Unfortunately, those people aren't aware the risks. When they are experiencing problems, they won't be strong enough to survive. That's why many newcomers easily fail. They don't focus on learning, but they only focus on trying to get profits as quick as possible.

My personal thoughts are that trading is like an ocean, if you don't know how to swim, then you will sink in the water.

Exactly. That's why knowledge has a crucial role in trading. Without sufficient knowledge, we don't know how to trade properly. We don't know the effective strategy to earn profits, and we have no idea about facing the problems/risks.

I can't understand why people always jump into things that they can't even understand simple basic terminologies, but still, they are doing it. I think maybe this is because of greed or poor economic conditions because both can lead you to earn a lot of capital in a short interval of time.

Indeed. Greedy people don't care anything, money is their main focus. This makes greedy people unaware about the possible risks. They don't know that knowing the right way to handle problems/risks is also very important. Sure, sometimes the poor financial triggers people think unrealistically.

[milewilda]

Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move.

I feel it's partly the mistake of newbies because the other half is influenced by these so-called influencers and whoever posts their success story over social media or through edited videos on YouTube or other channels where these newbies watch and see them and start building dreams in their minds because they start feeling like they can also achieve the same results shown by those people over the internet.

That being said, it's true that someone who is newly getting into the market should first do their best to gain as much knowledge as they can about everything including the market, essential trading practices, best cryptocurrencies that they will trade, and risk-management techniques.

There are really those external factors on which it could really be affecting someones mindset and beliefs on which at the moment that they will really be that having those kind of
encounters on hearing up some hyping up about trading profits and everything then since you are still a noob then you would really be having those assumptions that it would really be just that
an easy thing and not something that you will really be that minding too much about the risks involved just because you've seen on how other people been trying out to elaborate and seems it is easy but its not.

[doc]

Personally, I saw some people recommending to each other that they should start trading because trading can make them rich in a short time, and they both agree on it. My personal thoughts are that trading is like an ocean, if you don't know how to swim, then you will sink in the water. This is a wrong mindset that comes in our youngsters, and they understand it when they lose everything in it. I can't understand why people always jump into things that they can't even understand simple basic terminologies, but still, they are doing it. I think maybe this is because of greed or poor economic conditions because both can lead you to earn a lot of capital in a short interval of time. I suggest to these types of people that don't come to trading if you don't know about it. When you have full control over it, then come, and then maybe you can earn more money in a short time.

Trading is the best way to make a profit in the near future, but we have to have skills and experience there/ People will think this seems easy to do, but in reality it is a difficult thing, because in trading we are not always lucky. Sometimes we also experience defeat and really test our emotions.

[SmartGold01]

Trading is the best way to make a profit in the near future, but we have to have skills and experience there/ People will think this seems easy to do, but in reality it is a difficult thing, because in trading we are not always lucky. Sometimes we also experience defeat and really test our emotions.

You know trading is not a quick get Rich scheme where you just go and start trading immediately you boom just lie that, instead it would require patient and consistency to enable you scale through your trading journey.
Still we must have patients to be able to trade out something important from it because when you are desperate you would end up losing continuously till you emptied your account, so knowledge and patient works more better.

[milewilda]

Personally, I saw some people recommending to each other that they should start trading because trading can make them rich in a short time, and they both agree on it. My personal thoughts are that trading is like an ocean, if you don't know how to swim, then you will sink in the water. This is a wrong mindset that comes in our youngsters, and they understand it when they lose everything in it. I can't understand why people always jump into things that they can't even understand simple basic terminologies, but still, they are doing it. I think maybe this is because of greed or poor economic conditions because both can lead you to earn a lot of capital in a short interval of time. I suggest to these types of people that don't come to trading if you don't know about it. When you have full control over it, then come, and then maybe you can earn more money in a short time.

Trading is the best way to make a profit in the near future, but we have to have skills and experience there/ People will think this seems easy to do, but in reality it is a difficult thing, because in trading we are not always lucky. Sometimes we also experience defeat and really test our emotions.

Trading is risky but doesnt meant that you cant really be able to have an advantage through it on which of course it would really be that basing or depending up on how
well you do make yourself on doing trades because if you wont really be having that kind of approach on which you would really be that preparing yourself on learning
things before you do make trades then you would really be that susceptible into tons of errors and mistakes on which we know that this is really that bad
when you do deal up with trading.

[Roseline492]

You know trading is not a quick get Rich scheme where you just go and start trading immediately you boom just lie that, instead it would require patient and consistency to enable you scale through your trading journey.
Still we must have patients to be able to trade out something important from it because when you are desperate you would end up losing continuously till you emptied your account, so knowledge and patient works more better.

You are right because that factor should always be the first thing somebody should understand before going into trading because is not a get rich quick business on the contrary patients is very important and funny enough patience doesn't even guarantee there success on trading because in as much as patience is very important but there are also things that comes first before the patience which is the technical knowledge of trading.

However reasoning it in another dimension I think patience normally involve more in terms of holding because it has to do with long term investment and the only way to have that kind of mindset is only patience, however the only thing I would advise someone that's just coming into Bitcoin for the first time is not to rush anything because any wrong decision will result to a serious losses.

[SmartGold01]

You know trading is not a quick get Rich scheme where you just go and start trading immediately you boom just lie that, instead it would require patient and consistency to enable you scale through your trading journey.
Still we must have patients to be able to trade out something important from it because when you are desperate you would end up losing continuously till you emptied your account, so knowledge and patient works more better.

You are right because that factor should always be the first thing somebody should understand before going into trading because is not a get rich quick business on the contrary patients is very important and funny enough patience doesn't even guarantee there success on trading because in as much as patience is very important but there are also things that comes first before the patience which is the technical knowledge of trading.

However reasoning it in another dimension I think patience normally involve more in terms of holding because it has to do with long term investment and the only way to have that kind of mindset is only patience, however the only thing I would advise someone that's just coming into Bitcoin for the first time is not to rush anything because any wrong decision will result to a serious losses.

Of course it's not doubtably that before one venture into the market he or she should be able undergo training I mean I kind of thorough knowledge to enable them make sound decisions on what they are investing on if not so it could be hard for them. The market is too fragile and volatile hence lots of things needs to be avoided to be able to scale through. Most importantly determination to control ones feeling such as when to sell/buy like the right to execute those things.

[Jamal Aezaz]

Trading is the best way to make a profit in the near future, but we have to have skills and experience there/ People will think this seems easy to do, but in reality it is a difficult thing, because in trading we are not always lucky. Sometimes we also experience defeat and really test our emotions.

Trading is a good way of earning and people can gain huge money through trading in short time but for it experience should be maximum in this field. There is no way to get profit through trading if you don't have experience and don't have any idea about the selection of coins, buying and selling and timing of holding as well as strategies to overcome your loss in trading.

If you are a good learner then you can learn about trading but it does not mean that you will not lose a penny through trading but the majority of experts also lose money if they move their step in the wrong way. People think that they will always win but winning in trading is not feasible because a person cannot achieve exactly the same as he thinks.

[ajiz138]

Trading is the best way to make a profit in the near future, but we have to have skills and experience there/ People will think this seems easy to do, but in reality it is a difficult thing, because in trading we are not always lucky. Sometimes we also experience defeat and really test our emotions.

Trading is a good way of earning and people can gain huge money through trading in short time but for it experience should be maximum in this field. There is no way to get profit through trading if you don't have experience and don't have any idea about the selection of coins, buying and selling and timing of holding as well as strategies to overcome your loss in trading.

If you are a good learner then you can learn about trading but it does not mean that you will not lose a penny through trading but the majority of experts also lose money if they move their step in the wrong way. People think that they will always win but winning in trading is not feasible because a person cannot achieve exactly the same as he thinks.

It goes hand in hand with the risk, because even though trading can give us profit in the short term, we also risk losing money in a very short time. I think it's comparable and we should know about this and not just look at it from the profit angle.

Well, many people make the wrong move at the beginning, they think that they can get profit in a short time, but they forget and don't even know what kind of risk they are facing.

[Jamal Aezaz]

It goes hand in hand with the risk, because even though trading can give us profit in the short term, we also risk losing money in a very short time. I think it's comparable and we should know about this and not just look at it from the profit angle.

Well, many people make the wrong move at the beginning, they think that they can get profit in a short time, but they forget and don't even know what kind of risk they are facing.

The majority of people are just thinking about the profit but they don't focus on the reality that its hazards are also very big so they are not ready to accept the loss when the market is down which causes the creation of tension full situations for them.

The probability of both loss and win are the same therefore it is important to make preparation for both win and loss as if we are ignoring any one of these and don't have any plan then risk will be higher so unfortunately we will not find good things from trading.

[debra]

The majority of people are just thinking about the profit but they don't focus on the reality that its hazards are also very big so they are not ready to accept the loss when the market is down which causes the creation of tension full situations for them.

It is because people are mostly motivated by successful traders. They want to reach the same thing, they want to succeed to get big profits, too. People sometimes forget that there are many failed traders. If they remember this, they must be careful and don't hurry to trade. They must focus on learning and try to be wise in using the funds in trading. People also won't surprise when they get losses if they are aware about this.

The probability of both loss and win are the same therefore it is important to make preparation for both win and loss as if we are ignoring any one of these and don't have any plan then risk will be higher so unfortunately we will not find good things from trading.

Yes, the chance to win or lose will be the same if we trade with lack of knowledge. It is actually like gambling if we trade carelessly with improper skills. However, if we have good knowledge, the chance to win should be higher. We must use an analysis, we analyze the potential of the coins and we predict the market future. This is probably increasing the chance to succeed.

[LogitechMouse]

The majority of people are just thinking about the profit but they don't focus on the reality that its hazards are also very big so they are not ready to accept the loss when the market is down which causes the creation of tension full situations for them.

The probability of both loss and win are the same therefore it is important to make preparation for both win and loss as if we are ignoring any one of these and don't have any plan then risk will be higher so unfortunately we will not find good things from trading.

The people that they are watching online might influenced them that's why they don't care about the negatives since what they are seeing online are purely the positive or should I say the profits coming from other traders. They don't see the losing trades of these traders. I guess we will all agree that even the expert traders are losing money still, right? Most of the traders especially those newbies don't know it hence, they think that if they will just follow what they're saying, the results will be the same for them, but it isn't therefore, they will lose and like you said, they aren't ready for it.

Trading is a risky way of making money, but for me, it's the most profitable one. Many have lost their money trying trading and when you're a first time, it's pretty much normal to lose money so don't go all in at first. Have some strategies and adjust as you make more trades. Over time, you will see the strategy that will work for you.

[Gurujebs]

The majority of people are just thinking about the profit but they don't focus on the reality that its hazards are also very big so they are not ready to accept the loss when the market is down which causes the creation of tension full situations for them.

The probability of both loss and win are the same therefore it is important to make preparation for both win and loss as if we are ignoring any one of these and don't have any plan then risk will be higher so unfortunately we will not find good things from trading.

You don't blame them, it's what they see they practice. Typically, there is always a bull run comes 4 years in Bitcoin and many people here already program to that lifestyle. They want to just make money within this period and since this is what is practice, even the new people in crypto are not left out from this. They are so focus on the money and doesn't even care about the loss that comes with it. Many people suffer alot from this consequence of not putting loss before profits.