Ask Leo : Why does loss take away the confidence to take risks in Cryptocurrency?

in LeoFinance2 years ago

Technically looking at how we live and what we do in our daily lives, we would discover that most things in this world requires risk. Some people do buy some goods when cheap and then they wait for price to go high so they can make profit from it. The truth is that the price might later drop lower than you bought it and then stay there.
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Everything in this life involves risk and we are just tend to overlook many things.
Now when talking about taking risks in cryptocurrency, people tend to see it as a great deal and they mostly stay away from it and later on mostly regret not taking the risk or action when it was needed.
Many great people we see today are people who takes risk to get to where they are and no successful person out there will tell you he didn’t take any risk to become financially successful.
There is no doubt that losses takes away our confidence when dealing with risks generally and also in the crypto space but we all have to have the mindset that taking risks is part of our daily lives and what we just have to do is have confidence and give it a try. There is a saying that says that those who takes risks with confidence tend to succeed than those who takes risk with fear. That is not a saying actually, I just thought of that now😂. But looking at the bright side we should all know that taking risk is part of our daily lifestyle and all we just have to do is know where taking the risk pays most.
Don’t just take risks in things that are not worth it and research on valid and verified things before taking the risk .
Do not let the losses you encounter take away your confidence in taking risks.

Thanks for viewing my post and do have a lovely day

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