A Crypto Career - The Psychology Of Investment

When it comes to the context of success people seem to have mixed reviews and opine just as the way they experience and feel about it.
Of course it is also true that success is very personal in any fields but also there are frequent failures on the way to gain the desired success or at least have the fragmented part of it. But most of it directly or indirectly depends on how one finds meaning to making a journey ahead of life.

A Real Time Scenario

Building a career in crypto is all about having a journey to carry on, sometimes tough period can lay a big impact to a task. Those who evaluate the short term success in achieving a few coins, a decent deal that provides a chunk of money in return or profit column soaring high for a moment and the next day watching the upward graph to go downward might cause frustration in the human mind that would most assertively create negative impact in a personal career no doubt.
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I have seen most of the people or so called experts to analyse a theory or the affairs of crypto based journey into a quantitative facts, as such it is the only means and deciding factor for reaching to a target. A person earning $200 worth of cryptocurrency by means of a successful trade or luck supporting one's favour is what the good side of it. But what about losing $400 from the single coin investment within 1 week of time ?

Will the mindset to build-up another asset base work as the same motivation before losing the amount have? Most probably not, because the players are human and no robot is playing it behind. There is one point to discuss and talk about, that is psychological barrier to a steady approach.

What is Psychological Barrier To Crypto Journey ?

People who have spare money to invest somewhere and optionally let the money work for gaining profit, if the amount of money doesnt bring any profit or at least less than 5% of investment, such type of risks can be taken and if money is lost in such circumstances - the investor will not get hurt or feel like losing because he was ready to face the lose and doesnt matter much to his wellbeing.

What if a person owns $1000 and he is willing to invest to a token that has seemingly high potential to be rewarding and with statistical proof, people have gotten reward with little deposits, then suddenly after few months of speculation he gradually seems to get low return and more losses than profit - that would surely dishearten him to follow on later.

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What it gets to the bottom line is the fact that - crypto journey is a learning process and only it could get better with days and months of experience. Comparatively speaking, when a person starts a career at the beginning, he would be captious at the little gains and losses, but when for trading or mining and certain time advances - then only a long term factor would matter and learning that building a nice "balance" is what the ideal option is to choose for.

Knowing and acting thereby that quite someday that volatility is going to play a big role helps one to adjust, sometimes to maximize profit and let lose little profit and in the end hanging up to a decent career with enough efforts raised and moving forward with it.

Thats the mantra which is universal forever.

Posted Using InLeo Alpha