Why is failure so important?
Most crypto investors when they start their journey in the market have a common desire: the valuation of coins / tokens acquired since the moment of purchase.
As soon as people start investing, they tend to want the purchased assets to readily appreciate. However, when the opposite happens and there is a devaluation - for whatever reason, sometimes due to the market's own bad mood -, many crypto new adopters regret having started investing, believing that they made a real mistake.
At the beginning of this journey, it is difficult for the investor to realize that strong falls can represent great opportunities, hence March last year, either because they make it possible for the investor to acquire coins/tokens at discounted prices or, even, through learning itself.
We learn from our mistakes. So, when we make mistakes and fail, we learn how not to deal with things and then we assimilate what should not be done.
Failure is a by-product of trying to succeed. To do something, we research, plan, obtain the necessary ingredients and then try to put it into practice.
Often, things do not go as we wish. And that's okay, this is part of the process. In this sense, understanding the importance of failure allows investors to understand some lessons that would not otherwise be possible.
In 1932, at the dawn of the aviation era, Amelia Earhart - a pioneer in United States aviation - described why all pilots should learn from mistakes:
“The knowledge of some aerobatics is considered necessary for a good flight. Unless a pilot has actually recovered from a stall [a term used in aviation to indicate a loss of lift from the aircraft] or has put his plane in a spin and taken it out, he cannot accurately know what these acts involve. ”
Pilots prepare in advance for a series of maneuvers, study all the relevant variables, in addition to hearing the experience of other pilots about any problems that may happen during the flight.
However, when the pilot is in the air, learning is different. What seems easy and obvious when you are on the ground, is much more complex during the flight. The learning developed in practice, through some deliberate errors, that is, unconventional maneuvers performed as exercises, enables pilots to solve future problems.
The first time the plane stops unexpectedly in mid-flight is a scary time for any pilot. However, those who practiced in similar situations are much more likely to respond appropriately, says Earhart.
The truth is that we learn valuable lessons when we experience failures and setbacks. Most of us desperately seek to avoid failure, for fear of its impact. However, making mistakes deliberately can give us the knowledge to overcome obstacles more easily in the future.
Accepting mistakes is an important process for most of us, regardless of the profession or activity developed. For investors, it is no different. The search for learning from mistakes is as important as getting it right.
If we don't practice failure, we can only fly safely on sunny days.
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