Nobody wants to appear dumb, or lacking in knowledge and experience; however, buyers and sellers want to
avoid losing money even more than they want to save face.
Not exact matches
Conquering the fear of
losing money and trades starts with acceptance; we have to first accept that we are going to
lose money and have
losing trades,
even if we try to
avoid them.
These days inflation is running at 3.1 % annually, which means that
even if you
avoid the risks of the market by stashing your cash under your mattress, you're still
losing 3.1 % of your
money's value every year.
Even if you don't beat the market, you're way better off than spending it and arguably, you're avoiding losing money to inflation if you're even keeping up with broader market retu
Even if you don't beat the market, you're way better off than spending it and arguably, you're
avoiding losing money to inflation if you're
even keeping up with broader market retu
even keeping up with broader market returns.
Basically, make it clear to them that
even if they pay you back as they promise, you're still
losing money at their expense, and the only way to
avoid that is for them to pay back your loans and reimburse you for the value
lost.
The choice is yours — but be aware,
even though Bitcoin has send exceptional strong performances vs. other financial investments — any cryptocurrency could fluctuate in value quickly and dramatically — and as such, you should
avoid tying up
money that you can not afford to
lose...