Convincing your mind to take risks

[awesomewebsites]

How to practically convince my mind to take more risks financially ? Like choosing crypto as investment instead of bank deposit.

 

[2020vision]

if you want to play crypto safe put money into btc or eth and dca for dips

 

[Allark]

This train of thought has always worked for me:
What if I don't take the risk / continue doing nothing? Where will I be in 1 year?

For me, being in the same place / not moving forward in life is much scarier than taking a risk with a chance of losing and having to start from scratch (obv not in the context of "put it all on red and pray" in a casino)

 

[spectrejoe]

How to practically convince my mind to take more risks financially ? Like choosing crypto as investment instead of bank deposit.

Bank investment are hardly ever worth IMO.

Sure they're "safe" but the money you'll make from them is negligible.

Every business has risks attached to them. It's all about managing them properly.

 

[OlafRustle]

You need to learn that you can deal with whatever consequences could arise from your risky action. In the end it's a self confidence thing.

Also: don't be stupid with your money. It's not a sprint to get rich

 

[zionbar]

How to practically convince my mind to take more risks financially ? Like choosing crypto as investment instead of bank deposit.

Bro, putting your money in the bank is being stupid not 'avoiding risk'.

The bank gives you basically no interest. If you dont want to 'risk ' it , put your money on the S&P 500 and let it be.. youll make 5-8% a year.. why the fuck woudl you live your money in the bank?

 

[hideath]

whatever will happen, you'll be fine,
think about things that you could do before but just hesitated

 

[xinase3501]

You will be better of hitting the casinos.. Bet on black..

 

[Crewchief007]

Hmmmmm...

How to practically convince my mind to take more risks financially ? Like choosing crypto as investment instead of bank deposit.

What you want to take is CALCULATED Risks.

In 2019, I had a conversation with a buddy of mine, SUPER intelligent guy, but he often takes RISKS versus CALCULATED RISKS.

He decided he was going to dive head first into Crypto; I asked him directly, "What is your knowledge base concerning Bitcoins, Crypto, etc.?"

It was NOTHING! Three months later, her lost roughly $12.5k, not a lot, but he lost it because he to risks versus calculated risks.

 

[IG Professor]

Mind: Put all your money on safecoin
Me : Forget about it

 

[IM Dude]

Bro, putting your money in the bank is being stupid not 'avoiding risk'.

The bank gives you basically no interest. If you dont want to 'risk ' it , put your money on the S&P 500 and let it be.. youll make 5-8% a year.. why the fuck woudl you live your money in the bank?

Bank in India gives 7-5% interest. I know in us and western countries they don't.
But ya they do in India.

 

[mistereu]

Either you do it in crypto, either in real life, it's not easy!

Lots of time i ask myself, if i only had 100 how could i make this 100 make more? Either online or on the streets, without going against any law.
Lots of answer came iin

 

[HustleTong]

Get married, mate
Your wife's shopping spree will force you to work even harder

 

[Rikabu]

allocated some money every month like putting it for food, rent, etc
now you have some money every month that you can risk on cryptos
when you're confident enough about the crypto market then play with your money