Psychology is one of the most important factors that a person can fail in investing in cryptocurrencies and even in his life.
When someone sends me a message to learn more about cryptocurrencies, the first thing they will ask me is, for example, with €100, how much will I make or even if I invest €100 can I lose it? These are some thoughts of fear and desperation that someone wants to get rich instantly and there is a great fear of losing their money.
I have met quite a few people who are involved in cryptocurrencies and investments there is not a single person that we will ask and they will tell us that I have not lost any money. I'm sure you will tell me there is luck and they can make quick money I will agree I just learned from an amazing book the richest man in Babylon that if fortune gives you easily whatever it is, it will take it from you just as quickly.
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How to learn about Cryptocurrencies
When we want to start learning about the cryptocurrencies I liken it to learning to ride a bike, there is always a person who holds us lightly and we continue because of our fear of falling, then we get used to the bike and do little by ourselves we will fall again we will get up again and in the end the bike will be a habit very easy.
So we understand that the fear of losing money greatly affects us making the wrong choices or even worse leaning in or selling coins just because the market went 1% down.
Target and Cryptocurrencies
When we start and want to know about cryptocurrencies we have to set goals and ask why us.
Because I want to start doing investments in cryptocurrencies
You will answer to make more money, fine
Because I want more money
Because what I pay from my job is not enough to do what I want.
What do you want?
economic independence
And it goes even further until you go very deep and see why and in the end you will see what you really want.
My scouting experience
It was an issue that worries me and even for us to fall into the trap that we all learned that to get something we have to work hard, we make a big mistake we have to work smart.
I hope you helped and found this article useful .. I expect you to tell me questions and thoughts in the comments below.