You see something and you just feel that's good. When you hear something negative about that, you usually do not like that since your subconscious mind thinks that's a good thing.
When it comes to making a financial decision, we may get biased by only considering one side. You will hear a lot of people say why that will change everything, that's the next big thing and it is something's killer. The way it represents, it draws more people's attention and gets a feeling that maybe they are right.
On the flip side, you also see people say why that will fail, that is a scam and you should not get involved. You might get distracted by noises. To ignore the noise before making any investments, you can study what the project does, what they have already achieved, what's their roadmap, and what they are saying whether that is feasible or not.
After studying the project, or investment opportunity, you have a clear idea. Now you are in a better position to consider the positive and negative sides. The terms are used to introduce and promote the project, is that only a marketing gimmick or that is true to a certain extent?
On the other hand, when you analyze the negative sides, you will have a good idea about how far that is true. You cannot get everything from one thing. There are some strengths and weaknesses.
What's your risk appetite? Even if you decide to invest, you can make a better decision about how much you are going to invest, set your target, and exit strategy. In case it goes in the opposite direction, you can take a small loss and exit from there. It will save your capital.
If you do not consider both sides, you may make the wrong decision. Maybe you think that's a scam and you will not invest there and miss a great investment opportunity. Or, you will invest your hard-earned money and end up holding the bag.
In this post, I am sharing my thoughts. This is not legal/financial advice. I do think you see similar things like the buzzwords something killer, decentralized, and the next big thing, but finally end up nothing.
So what do you think? Please feel free to leave your comments. Thank you for reading this post. I'll be back with another post.
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Hi, I am Rezoanul Vibes. I'm a content creator and passionate learner. I write about lifestyle, finance, martial arts, and digital marketing. I'm glad to meet amazing people all over the world.
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I have to agree that you should pay attention to both sides. It's the same for even regular positions in society as well and politics have been really skewed. For example, I like the precious metals trade but I don't really like buying them because if you zoom out enough, prices haven't really shown it to act as the gold bugs say so. However, it is true that is does work decently as a hedge incase things go bad.
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I found what you experience doing something is more important than what anyone says about it. You know how good that is for you. It helps to decide whether you like to invest there further or exit, or, even if you invest, you can define your position in a better way.
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