Do you know that feeling of being too emotionally attached to a project, because of how much you love the community, to the extent, you find it so hard to sell any of your asset. People like this are called Maximalist, we see them in the bitcoin community, we have them here in the Hive community, as a matter of fact, I am one of them. I am a hive maximalist, because I find it hard to sell my Hive asset, only when I have explored all options and selling my hive is the only way out. I have so many investment opportunities but lack of capital is preventing me from investing in them, my attachment to my hive asset is preventing me from withdrawing the required capital needed for the investment.
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No matter how we preach about not being emotionally attached to any investment or asset, we still find ourselves getting too attached to assets. In your investment portfolio there are lots of crypto currencies you have long term goals hope on, because you feel the asset is worth keeping and have long term goals potentials. Life is a risk, we have to take risks most time to achieve what we want. Scared money makes no money, I have come to understand that now. If you are scared of spending money or risking money you will end up getting stuck in your current financial state. Which is totally not bad, if you are comfortable and complacent with that state, then you can be there and maintain it and dont let anyone make you feel bad for choosing that.
But if you are the type that is trying to elevate from your current financial state or investment state but scared of risking your money, you won’t get to anywhere. Fear of the unknown and failure are the main reasons we don’t make certain decisions in life. This is why people fear people who have nothing to lose, a man that is fearless and has nothing to lose can risk anything. Someone that has experienced failure before and bounced back will not be so scared to risk an investment because they know how to bounce back. So as an advise to myself I will always remind myself that in the digital asset investment game, I should always choose myself first and do things I think will favour me. I feel like removing a part of my asset and investing it in a project I feel will be fruitful and yield more profit, then doing it should be my focus. If the end result comes out positive, I can always buy back the asset and replace the capital I borrowed from myself. if it doesn’t work out, there is no need to beat myself up, but rather, dust myself up and hope for a better future.
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I am always scared of investing hugely. The few times I have tried, I lost all. So I prefer to go slow and steady which sometimes doesn't even give me what I really need.
But one thing I just recently learnt is the fact that sometimes you need to take risks and be prepared to fail if you want to succeed. I have lost so many opportunities because of fear of taking big risks.
Thank you for sharing
exactly. i dont like the feeling of regret of not taking that investment action
Trading is heavily influenced by emotions. High risk comes with a substantial reward. I've wasted a lot of opportunities just because I was unwilling to take a risk due to emotion.
I believe managing emotions is a skill that all traders should learn since taking risks could pay off handsomely. But it's also crucial to just risk as much as you feel comfortable losing should the investment fail.
Posted Using LeoFinance Beta
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