We often don't want to hear it when the word 'loss' is mentioned. We try to carve ourselves out from such situations. When you fail to admit what is, it's more of you fooling yourself because what is can't be isn't. At my early stage of life I always hated the word loss, am I saying I do admire it now? Not necessarily yet I study its effects on our path to success. A child doesn't just get up and start walking. You'll observe him stand and fall severally, yet in each failing attempt, even at such a tender age a lot is learned.
I could remember one of my mentors who refused to pamper me and gave me the raw truth about my pursuit for financial freedom. How would you feel if a mentor told you, 'you'll fall to rise'?. I don't know for you but I felt a sense of disappointment having such an experienced mentor yet still having to first fail. I felt there was no time in my agenda for failure, how will I have to bounce back from a loss. He taught me well no doubt yet even in his wisdom he assured me loss if I was to ever go further.
Those words kept echoing in my head daily and I tried my best to make sure it wouldn't come to pass. As a young enterpreneur at my early phase I was determined to keep this clean sheet and suddenly bang! I lost it. I saw my small scale businesses fading in my very eyes. debt encircled me and I knew I was in big trouble. I came to realize that "no matter the number of books you read and theoretical knowledge you acquire, reality is far stronger"---dani-asi.
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You can't go far without experience, that's how nature trims every individual. It took me some time to get of debt and reestablish business, certainly I know I will push it to international level. That loss gave me a tough skin and shaked off fear. If your the word 'loss' strikes you so much fear, then here is another word to replace it, 'down time'.
No matter how you try to run, you can't just avoid loss, probably you might have lost someone dear to you. Not that you prayed for it to happened yet it could be an opportunity if you refuse to stay down. The earlier we understand that we could be hit, the better it would be for us to start building the needed resilience to face tough times. As I earlier said, loss is a downtime moment meaning it will certainly expire. You should read and learn from individuals who have climbed the stairs of success.
In short, we have seen this been displayed in the introduction of blockchain tech and cryptocurrency. We all saw when let's use 'bitcoin' for instance was first introduced, the price skyrocketed. It was something spectacular, what followed was a terrible and fear striking market crash that seemed this project's future had met its doom. It's part of those things to see how good a project is.
Just as fire refines gold, we saw a market crash shape the future of blockchain and cryptoverse bringing confidence into the ecosystem. institutional investors picked interest and as we speak possibilities have opened up even for the altcoin industry. This projects didn't run from the inevitable loss. Truth be told, if the price of Bitcoin never had that market uncertainty it wouldn't have drawn institutions to its table.
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Talking of being an investor or probably a short term trader. You can't just trade the market and dodge losses, that's how the system is designed. The zig-zag lines as I always say is very real and needful. When I meet friends who don't like accepting market losses I know there have little to no future in the financial market. They just get angry when the market is not in their favor, refusing to learn the needed lesson and improve upon it.
I have also met people who have refused to take on a project just because they fear the word loss so much. Looking for ways to maneuver the process without facing the loss factor is not promising. Am I saying you should take your investment capital and dive into any projects with the hopes of making it? Not at all, do your proper research and be prepared for any rainy day that surfaces. No one prays for an evil day to be upon him but in case it should, you'll definitely have to find ways to scale through it. Investing carelessly is without any doubt carelessness. We all know when we did all the best we could and it didn't work, that's an inevitable loss, the comeback is always astonishing.
To conclude, let me add, we have to know we run a world of ups and downs. Sometimes success is compiled out of days of losses. As I said, I have grown far more stronger and confident in business when I did bounce back at the scariest days of being an enterpreneur. Loss sets a pathway for us to be better, it's a needed correction to make innovative decisions. Inasmuch as you may ignore it, it also comes with values when well leveraged.
