Topic: Another example is how greed destroy crypto investors. (Read 805 times)

I guess that's a feeling everyone will experience at least once in their crypto investment journey. We must admit that it is difficult to control greed, but if we do not control it, the end result is loss. Always have a plan and goals when investing and always remember that we are here to make a profit, called profit only when the money is already in our account. We should be grateful for what we have achieved, only by being grateful can we control our greed.

Coming from a legendary rank, that's very shocking  . , I have invested hundreds of dollars in a crypto project that turns thousands of dollars through launchpad like you but I took profits, your mistake is you failed to take profits when you made double, even if the coin keeps surging you must pull out your initial capital.

make your strategy at the initial investments and always follow your strategy until you succesfully liquidated, your financial decision shouldn't be based from your emotion otherwise this kind of case gonna let you make really bad decision in your investments journey. I guess greedines is always the main reason that so many of us failing to get advantage of the market even though we know our investments already increasing in value.

greed will arise when an investor has ambition and becomes hopeful that the coins or tokens that we invest will generate 100x - 1000x.
but that greed we will not be able to avoid and every investor must have experienced it. indeed rather than being patient to hold on to the long term but if we remember that investing in new ICO or IDO projects has a higher risk than projects that have existed for a long time.
i myself have also experienced greed after investing in a new project ICO and when the price went up to 20x i didn't sell it and now it has almost no price at all.
since then i have never again invested in ICO, IDO or launchpad and chose to invest in coins that have been on coinmarketcap for a long time.

Unfortunately crypto gives people a type of power that they have never received before, allowing to build their own markets. Even though hedge funds and bigger players started to go in, crypto is famously belongs to people, even when those big players joined, we ruled the market and we decided where it will go.

It means it doesn't follow any of the traditional market rules, and all based on hype and opinion. This is why there are a lot of people who uses that power and gets greedy with it and end up losing money because of it. If you are too greedy when the market already gave you a lot, you are going to end up with a big loss for sure, there is no return from that.

Speed and greed kill investors more than wine and women.

No wonder we see so many traders eventually becoming similar to gamblers and common people making the assumption that trading is a type of gambling and shuns it. Luck and skills play their role everywhere but being diligent beats them all. A diligent trader would read the charts, buy only from their allocated budget and not make hasty decisions but play it safe. Eventually they are the ones who are successful as long term players.

So have patience and dont get greedy in trading or if you have been greedy and lost, learn a lesson and mend your techniques.

Reasons people are losing are very common. We all know that because it is taught in many courses, groups, communities but what is taught is on paper, in theory. To have loss or profit, people must actually participate in market, with real money, not with demo trading.

When it comes to something real financially, emotion and ability to control emotion decide loss and profit. Very rare people can control emotion and become winners in the  market. Others can not control their emotion then they make emotional decisions that lead to loss.

"Be greed when others are fearful and be fearful when others are greed". This saying is very famous but to apply it successfully, very rare people can. The market is zero sum and a minority of winners own most of capital and profit in the market.

A good or best way to eliminate emotion is to invest long term. Then you will not care about emotion and reaction with market daily or weekly.

As others say, a profit is not truly a profit if it wasn't spent or sold. In other words, if we got lucky, we should take our initial investment back to feel and hold that indeed our investment have flourished. Also, I agree, we should plan our investments more carefully and project when would be the right time to harvest the fruits because if we let the greed override us just because of the trend, I'm afraid that the path will just lead us into losses that we can't afford.

I know the feeling. When greed takes over, the investor becomes a gambler and a gambler always loses against the house. Been there, done that.

An investor should never ever let his emotions affect himself. That's the most dangerous thing an investor can do to himself, losing his control over his emotions.

Sometimes you need to be happy with what you have or what you made. Sometimes you need to know when to leave the table.

I know it is hard, I know it feels like you are leaving the money behind but it is that feeling which forces you to make mistakes.

It's sad to hear this. But this is exactly the fate of some of us here. Sometimes you don't want to be greedy, so you sell your token after seeing x5, and then after selling, the token starts pumping like mad, so you miss out of a pump. Other times, you try to be greedy, so you hold even when the token is pumping hard, and then, just before you know it, it rugs and you lose everything.

So, when t comes to cryptocurrency, just know that the dev is never your friend and people are buying that particular token for different reasons. So don't be a bag holder, sell and take profit when you have the chance.

Greed really destroys people. Especially those who are more greedy are destroyed more quickly.However, one should never overdo this cryptocurrency.You should be satisfied with this cryptocurrency when you get it.I have also lost a lot in life with such greed. I placed a trade on futures trading platform seven to eight days ago there was initial profit but due to over crowding I am now in big loss.I am totally confused as to what to do now but I want some opinions from everyone whether the market will turn a bit better in a few days.Or cancel my order with loss.

Let's say it was the main reason why many people are losing but also this is a reason why people reach their goal because of their aggressive pursuit and greediness to reach their dream. Therefore, I'd say that greediness is bad if mismanage but if it is doing good and controlled, that absolutely a reason for our success. It fails because we fail to decide the right thing and many people got this.

Greed is the main enemy for an investor. Greed can destroy us even in seconds. We must devise strategies to prevent greed from taking over us. one of them we can take capital and profits and leave some for us to leave in our portfolio, it will suppress greed. I have done this and can be said to be successful in suppressing our natural nature, which is greed.

It works just like the 'crash' game at casinos. You keep seeing your multiplier going up, but become too greedy to leave before the game crashes, until it finally crashes and you lose your entire bet because you wanted a bigger slice of the cake. Altcoins' market is an advanced crash game. You can make some profit on short run, but the more you 'play', more likely it is going to be you are going to hit a deep loss.

The proposal of an altcoin must be analyzed very well before investing. If you rely only on speculative profit through trading with pump and dump, it's not a good investment at all.

Yes bro, greed and fomo always the reason why investors always lose funds and also fall into scams. If you were contented with your first trade this would not have happened to your funds. This are the tough choices an investor needs to make when it comes to selling, sometimes the revers is the case, after selling the price keeps going and you will be in total regret (especially when the project is such that has all the ingredients to succeed).
If it was something easy to detect, investors would pull out their investment immediately they sense the project has the tendency to scam but that is not something very easy to know. Too bad this has happened.  

But of course, that was true and many IDOs and ICOs performed very well then. Sadly, not any more. In 2021, launchpad was very much profitable. The ROI (Return On Investment) was unimaginable (I doubt if we can return to that era again), profit was assured even with the first distribution which was often 10% of the entire quantity individuals bought. I say this from experience.

True, greedy will make us regret and of course make others lose money, greedy in Cryptocurrencies is to continue hold even though it is a big profit, and when the red market occurs then regret because it does not sell when it is clearly able to get profit.

Most people are aware that greed will cost us, but when we are in that situation and see those profits, we don't want to let it go, it is for those moments of weakness that we have to pay dearly. It can be said that these things will be repeated often if we do not have a specific goal in the first place because basic greed is very difficult to control. For me, I learned that once I hit my goal and make a profit I will never look back at that coin again, can say forget it even if it goes higher or it gets dumped, we shouldn't care once we take profit or sell.

When we're trying to get the best from the market, we don't intend to make things worse but only the best of it. But, some events really are turning things from our expectation and making things go unplanned.

That happens when you're not satisfied yet with what you're seeing despite that you've made a profit already. Still, you want to insist and go for more as you try to make money from it.

So what is your point of buying and hodling if you won't sell them even at their ath? Don't tell me that you are just a coin collector? But I think it won't work on here since cryptos has a lot of supply and there are always people that are willing to sell their coins for some cold cash. What coins was that by the way? If that was btc, eth or other top crypto then the decision of hodling it until now can be fine but if not then you will have a slim chance for them to recover.

You only need a miracle and some whales may try to pump it up. The last thing that you said is correct however there are still people like the op who are tempted to ride a moving train. Some of them are already lucky to earn but they got greedy and expect for more so what they receive instead is a bad karma or a loss.

You are right and this I as have said in my previous post that, being greedy in crypto investment has been stressed enough that investors shouldn't be greedy and also have a target of when to take profit and forget what happens net.
Also, I see that this was a new project, some Investors always clamor for investing in new projects claiming that is where you can easily make 50X-100X from investment which could be so as you mentioned but investors also forget that these new projects are prone to RugPull and are more risker.

It's quite unfortunate and to be candid, issues of this nature are experienced daily by people in the cryptocurrency space. Most people can relate with this and that's how we gain our experience. I'm so sorry for the sad experience but that doesn't mean you're greedy, you were only trying to get best out of the market and that's what most people do.

agreed with this one, even though we know how we should invests, but greedy is really difficult to control since our greediness always forces us to either keeps waiting until the value goes higher, some of us might mistake it for patience actually it's just greed, meanwhile the end results is that we gonna lose all the unrealized increase of value in our assets at the end which is really disappointing.

I think this strategy to adjust and make to gain more profit can also be a risk because you have to keep watching the price to adjust it and this will keep you steady there and stress you. At some times it gets higher when you are suppose to cut out your profit but the price drop making you lose some potential profit away from your gain. Using stoploss adjustment is not better when you are pulling it down , you lose more if you miss your profit target.

I don't think holding too long will cause a loss, it depends on whether the coin you are holding has potential or not or it is just a junk coin, and not a held coin for a long time will also bring great profits. That is why before investing we always have to research and classify our portfolio, what are long-term goals and what are short-term goals. OP mistake, I believe we all make this mistake, this is not only to remind newbies but even old investors make this mistake, once you fail to control your greed, you will become the object of scams.

It means that not all long-term holding is promising and worthy. There are some pros and cons of long-term holding, and there are some ways to make our long-term holding to be worthier and more promising. This will largely depend on what cryptocurrency we are holding for so long. If it's Bitcoin, this will certainly be more promising. But if it's altcoins, then it's no better guarantee, especially if it's from a new project. Many investors are disappointed because holding new project tokens is too long so their value always decreases and even disappears into dead coins.

There is no perfect investment strategy and money management, eventually the correction will happen on the markets. Risky altcoin markets have huge potential but the higher reward means higher risks. After few attempts to break  ATH level on charts can be analyzed as the end of bull momentum that means it is exit time for me but greedy investors keep holding position to get more and more. Greed and fear are two enemies of traders.

we should not give up with our mistakes or something else ,if we were in this condition and still feel Regrets maybe its not our world. To get success in crypto market we will face many failure included greedy that maybe make our profit turn to losses. Always do research on every projects we Will buy ,make sure we have target to take profit.

Ouch this should have given you a headache after thinking through why you never took profits early like you did for the 1.5x, but then again sometimes greed can be rewarding if you ask me imagine if you didn't take profits out at 1.5X and waited for the 5X to happen... It would mean that more profits secured and a good investment story to tell. But unfortunately, we can't be masters of all trades which is why we need investment plans that can be followed mechanically...E.g If the portfolio grows 5X we need to remove profits to secure the bag no matter how promising an asset may seem which might actually be a solution of removing emotional decisions and allow for a more disciplined funds management.

actually its not bad idea to get back and make investment again but be smart and of course make sure that the project who want to pick again for investment has a potential to make new progress especially when it comes long run because many investors have faild on it as they're still assuming that it still can promise since they got good return from it.  Nope its always good to took some times to analyse the project very well to assure that your money is still in a safe hand.. Be smart and be wise!

I've been doing this kind of strategy that is selling bit by bit of my token holding if I'm uncertain of where the price would go. It's effective in having less regret when the price is going more than you are expecting. I've been on different market scenarios and regretted on many things about selling early but I always think that profit is profit no matter how small it is. If I regret so hard, One of my copping mechanism is not to view that certain token for some days or weeks so that I can reset my mind and won't affect my emotions in getting greedy because of the regret I experienced.

It's just the same isn't it? I mean you already made money, but you look back and see that the price is going up and you don't want to missed the boat and wanted more profit.

So the OP re-invested and still didn't sell when he had a opportunity to make a profit again because he wanted more. I think that is the classic definition of being greedy in crypto market. For me once a sold and make money on a certain project, I don't look back so that I won't regret my decision specially if the price goes up again, just saying.

In this case, the correct strategy would be to sell in parts when the coin reaches a certain price range. This is what is used by most traders. I also prefer to move the stop loss higher as the price increases. In this case, when the price of the coin is adjusted, you fix the profit at almost the highest possible price.

agreed with this, what's important is that after making profit we shouldn't even regret even if the value of the coin is keeps rising because that's how it is with investments in general you just never could make 100% forecasts in regard of the value of the coin you invested in, you just acts according how much you wanna make from your investments in general.

I understand that there is a good understanding why it's hard to trade, and why it is easier to say "buy low, sell high" but at the same time there are a lot of people who make huge mistakes as well, and that's obvious.

It means, even though it is not easy to trade, it is easy to not trade in a silly way and you could avoid that. Sure the great traders still make mistakes, but they make them a lot less and even if they fail to make a profit, it could be in a reasonable way and that makes sense. This is why I doubt that it would be hard to stop trading in a silly and newbie ways, just learn how to trade and even if you make mistakes it would be fine.

First of all sorry for your loss OP. I just hope that you did not lose any money that you need for you daily life, in the end i think the most important thing that you need to remember as a crypto investor is that you should never ever invest money into cryptos that you need, because there always is the chance that you lose all of your invested money as it just happened to you.
Also i would say that greed is the main factor why we are all here in the crypto space. We all heard stories of those guys that bought cryptos for 10$ like 5 years ago and that are now millionaires and we are dreaming about achieving the same event though we know the chances are like 1 in a million so i would not be to hard to yourself.

I think almost all of us experience this kind of mistake.  I also has an altcoin that were once less than a dollar.  I got around 3k+ of it and the token was pumped to $19+ I failed to sell it thinking that it will surge more.  So I keep on holding the token until I realized it was too late to sell because the token become worthless.


There are instances when a token on launchpad gives profit to investors, so many investors try their luck and invest during the initial stage of coin selling.  But we must make sure that we had done our research before investing in these kinds of projects.


True, we must not FOMO after we sell at a profit.  Often times  investors got burn when they buy back during the price surge.   We should wait for the right time such as correction and price drop and make sure that the project developer will not abandon the project.

Like you, i have many similar experiences in crypto investment.  But most of the time i bought at high price but price was crashed, even right now i hold a few coins if sold it at the right time then definitely i made 2x-4x profit, but now those tokens almost worthless. So, i think i lost due to excessive greed.

Many have made the same mistake, myself included. As you say, greed is one of the main mistakes in our life. I came to the conclusion that if you have already made a profit, you should not return to this, but it is better to forget and move on.

Launchpad prices and market prices after 6m show a huge difference, and this not similar to IPO markets, here the losses prevail and investors who buy in huge amounts at tokesales are the biggest losers if they have not sold at the first pump.

Sadly this also means that the project would no longer be profitable for any new investors and also not develop further eventually the devs will vanish just like they appeared, leaving the investors hanging.

This is also true and this is the reason why trading ends up being linked to a game of chance like the dice game on casinos.

I'm sad to hear that. One thing you should avoid, do not buy tokens in large quantities when the tokens are still in the Launchpad (ICO) stage. Because some Investors believe that Launchpad will give them a return on their investment.

Second, if you have sold tokens and then get a profit, I don't think you should buy again when the price is still high. So, just stop there.

This is easier said than done. Only those who don't trade will think it's an aberration to sell for profit and then want to buy back at a dip. Of course, that's what it always seem like until you discover that the coin you just sold isn't slowing down and then the anxious ones will start chasing price. They end up buying at a higher price and are exposed to more risk than they would've been the first time. You're right. However, what isn't that easy is the advice to buy into another coin. No one truly can tell what project will be an explosive winner so they can quickly invest in it. This is why this industry is highly speculative. We can only take a guess by navigating the murky waters with the aids of indicators and fundamentals.

Sad heard about your losing but become experience at the future how to manage and stop greedy when investing in cryptocurrency actually with altcoin listed and available exchange with dapp only. I think early listing some coin from launchpad have good impact with price increase, but remember few days later price will going dump if your project joining without have good roadmap seems listing on CEX market. You have get profit with 1.5x from launchpad price but better spent each 50% to sell with different price, if later going pump you still have chance earn much profit more than 1.5x, but if price down you still get back with your capitall.

Learning from the mistakes of others is something we must do so that we can get something that can help us in developing what we already have. As long as we don't chase profit, we can overcome the greed that will come upon us because we will think that if we already have profit, we can immediately take it. We can also control our emotions and see if we can still wait a bit or if we should shut down and take advantage of it. But that happens to many people, including me because it is not easy to control emotions, especially when you see a green candle appear in front of you.

Such situations are very common when investing in sheet projects. I invested in a project called Citizen Finance that dealt with Metaverse Gaming. There my investment was $1200 and after holding it approximately six moths i sold it for $1500. At that time the price per token was $52 and I sold it for $85. But within a week of the sale, the price of the token rose to $340. But my luck was good, I wanted to invest again but the price was too high, I waited for a while. Later they changed the smart contract and drastically down the token price to cents. Scammers are constantly creating traps so don't be much greedy.

Oh, that saddens me to hear. People don't have to go through it to understand the potential dangers of the crypto realm, but it is expensive nonetheless. You've given me hope that I won't have to say this to you a second time: maybe we can all learn something from the mistakes of others. I agree that, in addition to our knowledge, our emotions are critically important, and that greed is among the most significant things that could lead us astray. When making financial decisions, we should put our emotions in check and rely more on reason. Keep this in mind at all times: despite the difficulty, it is not impossible.

They also have another version of distributing new tokens, called IFO. If you look at the trading volume of tokens launched on pancakeswap, you can see that most of them are not even 1 million. You can look here. If I see that a new ido is preparing to list on pancakeswap only for now, I will not participate there because the risk of REKT is very high.

Yeah but it must be noted if the whales who pump the tokens might be losing as well. It can't be denied if the pumpers might come from the team itself who are pumping the price to attract the more buyers. Sometimes this strategy being used by scammers to attract more victims to come and they will be filing the pool with more and more liquidity in the market.

this is the reason if you have liquidated your investments you should instead invest in other coin instead, even if the coin that you just liquidated seems interesting and could grow even further but if you instead reinvests again it will immediately losing its value, if you invested in some very fluctuative coins before, it's wiser if you then move on and instead reinvests in better coin like eth.

Most IDO reach until pancakeswap listing. Once after that the regular trading volume could help them listed on next tier of exchanges. Many stop there due to the lack of funding required to get listed. Very few move further from pancakeswap. This is how majority turn to be scam, even when the team and project objective is good.

The developer is a person financially interested. Most IDOs held on Pancakeswap are scam, in other words REKT. If there is an opportunity to make money on such tokens, then only at the beginning, when there is hype, then all these tokens after the launchpad start to fall in value very quickly. Such tokens are very expensive to hold and very often the deposit from holding such tokens for a long time can decrease dozens of times and leave the investor with a lot of garbage.

When investing, we do not only manage finances properly, but we also have to control our emotions. Because some people do sometimes make
the wrong decisions when they can't control their emotions well. Actually as long as we can stick to our plan when investing, which we will sell
at the target we set, everything should be fine. Or it will be much safer if we take profit after we are already profitable and don't be obsessed
with big profits. But because humans are greedy, which always wants to make as much profit as possible. Finally, profits that should be easy to get,
can just disappear because of uncontrollable greed. That's why it's important that we focus on the plan and always control our emotions well.
And most importantly we must be able to learn to be grateful with a small profit.

That's why it is always said 'never trust the dev'.
Sorry for the lose mate. This is crypto and shits like this are bound to happen.

But to be safe side, always invest what you can afford to lose, cause it might happen.

If only if you immediately exit the market when you have benefited from the initial investment even if only with a small amount then you don't have to feel it, but because we are human beings, we certainly can't always avoid greed and maybe almost all members in this forum too I've felt the same way you are feeling right now and I personally also experienced it when dealing with shitcoins last year.

I have my own solution with that even though I rarely invest into new projects.
Not seeing the price movement of that token at all whenever I got a profit already.

Trust me forgetting and not seeing that token's price is very hard because every time, you will be tempted to look at it and see if it goes down or up, but it will all comes to one word and that is DISCIPLINE. It's very hard to not see at the price of it but if you will think of a way to not look it then that's good.

Maybe do other things for a few hours like going outside or simply playing online games. That might help you, but still there are some investors who can't control themselves. I don't blame the thing that the OP did because many investors are doing the same as well, but maybe this serves as a lesson not only for the OP but for us as well who are investing into new tokens.

Yup.
At the end of the day, we'll all go back to private blockchains, as we'll own our privacy. Just like cash.
People getting tired of hacks and info leaks will just move into proof of work privacy coins with strong capabilities.

I'd look into https://twitter.com/beamprivacy if I were you. I'm currently mining at a loss, but idc tbfhwy. 

Sorry about your loss, i can relate to your story. As cool as the idea of a digital currency might seem, it's a mine field. You can lose a lot within a twinkle of an eye. It has been used to defraud so many naïve people trying to invest in it. My opinion is that it's not wise to invest your money in Bitcoin or any cryptocurrency. If you put all your eggs in a basket, you might suffer a complete loss. But when you invest some funds in the stock market, other funds in bonds or ETFs, and some in real estate, you increase your chances of higher earnings and fewer losses. One thing I'll advice you not to do is invest in bitcoin or cryptocurrency in general. There are lots of fake investment companies out that look real but they are not, they'll sweet talk you into investing with the aim of getting huge returns in a short period of time. It's all a lie, they'll take your money and keep asking for more or do a rug pull leaving you penniless. I've been a victim of a cryptocurrency scam, well organized fraud. I'm glad i was able to recover my investment with the assistance of the vaultech team. I explained my issue to them through  vaultechservices @ protonmail . com and my issue was resolved. I wont advice anyone to put their hard earned money in crypto. Its a good thing to invest, its another thing to be wise about what to invest your money in. Cryptocurrency is surely not one of them. 

it has actually happened frequently, so many traders out there getting greedy and missed the right chance of realizing their profits.
These kind of greedy traders think their asset gonna grow everyday for eternity but that's really isn't the case at all, correction is always there for any altcoins that has gained tremendous valuation so far.
even bitcoin always gonna have correction, therefore if you think you have made quite the return of investment it's always great to make decision of realizing your return of investment so far.

Greed will surely make us lose everything like what you experienced. Never chase profit even if it seems easy to do because we don't know what will happen in the next minute. If you have managed to get 5x profits, you better stop chasing it and enjoy your profits and look for other coins. This is a valuable lesson for all of us that if you get a big profit, immediately leave it all before you lose your profit.

This is a good example that no one can get rid of greed once and for all, there will come a time where greed will take over once again and you will make the same mistake, even a pro-investor or trader can still be a victim of his or her own greed.

Together with greed the thought that somehow an investor is special and the market will simply bow to their desires is one of the main causes of people losing so much money in the markets, after all with tens of thousands of altcoins in the market to invest in a single coin and believe that we are going to pick the right one and it will skyrocket right after we bought is nonsensical, so even if it did happen it would mean nothing as we would have gotten lucky and nothing more, and sooner or later that luck will run out.

There are a lot of bad projects on launchpad I am also a victim of these tokens we all thought that projects coming from launchpad are great because of the criteria and the requirements these developers are following on launchpad, but make no mistake about it, you still need to do your own research and be very diligent don't rely on the launchpad or support coming from an exchange, rug pull projects are like this, they like to go where legit projects are going 

A developer may have the notion to pull the plug but they are essentially cheating the investors.

No investor wants this to happen, but talking from the perspective of an investor, one would like to reduce the risk by exiting the asset at a high price before the developers have a chance to rugpull.

This type of mindset will actually lead to a very unhealthy market but it is the case with majority of altcoins - since I dont like this personally, I avoid investing in altcoins nowadays. But for saving the invested money, one would always think to pull out before they pull out.

Greed is not the only thing here, people are hopeful and have goodwill for the project and scammers take advantage of that.

very sad, but true what you say greed destroys our wealth, the same study with me. I've felt that way too. and from then on I just took 2x the profit from Launchpad after that I left it

yes i've seen that kind of people, and most of them are probably never gonna learn that greed could destroy their investment despite already having lost their investment for many times because they are so hellbent thinking they are the choosen ones that gonna make the most out of the market meanwhile really they aren't.
profiting through investment requires logical thinking instead of just pure speculating, holding for too long gonna be harmful for the investment since bullish run not gonna lasts forever anyone should definitely learn from that and greed usually only destroys our investment.

We should sell when we are at a profit.  But not all who do not sell are greedy, I think they have trust in the developer and are very positive that the market will continuously uptrend.  In your case, if you set your selling price and it has not been met, I do not think that it is greed when you end up bag holding worthless crypto because of a rug pull.  It is an unexpected event, and probably already a plan of the developer, from that no one can do anything.

I agree, we all have that kind of situation in the end and there is nothing that could be done to stop this, we can only limit it. I know for a fact that we are going to end up with something that will be a bit more selfish, and hope that even though we know it is risky, we could take the profit during the increasing period, and leave before it's rug pulled and let the bomb explode in others hands.

I am not too upset that sometimes it explodes while we are holding it. We deserve it, and we lose money there, but then we learn from it and we get better at it as well, that is how we should approach these things and not any other way, it would be a lot better.

Not really a good opportunity. That is good only if you hit the right project. But how many projects in a launchpad actually succeeded? How many presales of crypto project tokens have actually given a positive return? It is true that there are a handful of them that actually profited but those are more like exceptions rather than the rule. The rule is that investing in launchpad and presales are risky because many of them will fail.

usually investing in launchpad or presale is a good opportunity. sometimes new coins can give us an advantage when listed in the market. I've experienced the same thing, when the coin listed on the market increased by more than 80% and that's where we have to make a decision between selling or waiting. In my case, I immediately sold it when it was listed and bought it back when the price dropped. If possible.

Inevitable and understandable kind of situation. Though it may be called as greedy, but it is the profit that we are always looking for. Not just profit, but huge profit. A high risk high return kind of investment are like gambling. You'll never know whether you win some or lose everything. These rug pulls are kinda being normalized by crypto investors, we are all aware of it but because of its high rewards once you perfectly timed how you enter and exit a project, that's make a lot of people takes advantage of, just like how these scammers take advantage of the people who's chasing to get a huge short term profit.

Yes bro, unfortunately sometimes you don't see it as greed, you thought you are being a smart investor. I have had a similar experience but in my case, it wasn't a rug pull but the price dumped so hard I sold for way less than I should have. Mine wasn't a direct investment but a bounty reward that did like x20 and above and I didn't sell until it dumped so hard. Lol, it was funny and foolish at the same time. I guess these are everyday crypto lessons.

The person responsible for the greed is the trader and with time traders realize this and that they need to book the profit and sell to buyback at lower price. With bitcoin and altcoins, the selling chances are often less explored because people like to hold. While this seems good for the community, it is bad for the trader's portfolio.

Of course one should sell when in profit, depending on how much the coin has gained over time. Not doing so means missing an opportunity and the recycling of money refreshes the traders mindset which tends to become stagnant over time when holding.

Such examples are common though, not just in crypto but also in fiat markets.

always happens in crypto. like whatever we believe in the project, there will definitely be moments like this. what else in the newly launched coin. I've been having a big loss lately too. just make it a lesson. If ithink about it again what i do it's pretty stupid.

So what kind of launchpad it is? Im feeling curious about this. If this is launched through the garbage launch pad like pinksale and any token that was coming from this launch pad is not even worthy to be called as investment. It's only a short time multiplier tool. Im sorry for your lose but you have been learning a lot from that case. Participated in the launch pad didn't give guarantee for token to be used as long term investment.
I guess if that scam token was getting launched through garbage launch pad site. Can you tell me what's that?

Nothing bad with it I think, just that greed on well, projects that you know would probably fall off in the long term isn't that good. Greed isn't necessarily bad, imagine if you pulled out when you made 5x more when you invested again, that's a result of your greed. You just made a mistake in judging on how long you should hodl it, and honestly, if it comes to altcoins, I'd almost always sell after making a profit, even if it was rather small, especially if it was a new project. Most of them are just full of hype and manipulated so whales could profit imo.

It is easy to say that we are disciplined and not greedy but when it comes to reality it is hard. Especially when the market moves very fast and you are still undecided to follow the old plan or to gamble for a possible very big gains. It happened to me and possibly to most that trade and into investing. We humans are born greedy that is the reason many of us only learned the hard way. Sorry for your loss OP and better luck next time. Maybe you can tell us which new projects you plan to invest next.

It's really sad what happened to you so we know how you feel now, especially those like you who have also experienced that, I think almost everyone here has been through that. But what's worse is that we don't learn because we can't be content. I admit that that has happened to me a few times but in a different way but the concept is almost the same. The one for me is in NFT gaming, which sent me to FOMO and hype. There is no one else to blame but ourselves unless we are directly deceived. We have nothing else to do but accept and always remember so that it does not happen again and again.

There's never a clean sweep when it comes to taking profit in trading. There's always something left behind. I don't go back looking for that which is left behind. I move on once I've got my capital covered. No regrets. I behaved like OP in the past, trying to rebuy after I had sold and taken profit. Most times I went in all and got burnt, of course. My strategy this day is take profit, and if I feel strongly about the project after selling I rebuy from the profit. The recouped capital must not be tampered with when I'm buying back. That way, whatever ill that happens to the project won't affect me completely.

I believe that using Binance Smart Chain (BSC) or any of their launchpad even pancakeswap is a gamble.
Most of the projects that are already rugged pulled have existed in Binance Smart Chain (BSC), there is still a lot of them, and a lot of coming.
So yeah, taking profits early is always a good move here.

Listing on a centralized exchange does not guarantee that the price of the coin will not decrease after the pump and will be traded below the TGE price. As a rule, after such a dump on CEX, large investors buy coins before the subsequent dump.

Sorry to hear that OP but i think stuff like that happened to most people that are active in the crypto space before. I did not make the same mistake as you did but i made other mistakes. For example i took part in a few private sales in 2020 and in early 2021 because i am part of a few launchpads and in May of 2021 my portfolio had significant value at least for my standards but of course i did not sell and today my portfolio has only like 2 or 3% of it's ATH value from back in 2021.
Also i sold my waves when they were at around 50$ each which was a good sell obviously but i wanted to buy them back once they are below 4$ but now yesterday Waves took a jump from 4$ to above 8$ at the moment so i already regret not buying back at 4,50$, but that is how it is.
I also don't buy waves now i just wait. If it will not fall again i have just missed that opportunity.

Can I know whats the project name? Actually Ive got what youre feeling. I had too many regrets not taking profit on some of my shitcoin activity that supposedly gain some good and decent one but not able to monetize due to my greedines. This is really a tough to mustard when it comes to crypto since we want more and we cant be contended to what we already have. Some say sorry is not sorry. But thats life in crypto either you lose it or win it.

I think that participants in this market quite often face a similar situation. It is very difficult to predict the price movements of cryptocurrencies, and especially new tokens. Therefore, I consider this situation almost typical. If we don't take risks, we won't make a profit. The only thing we can do is to study the general movement of the market and the specific project whose cryptocurrency we are interested in. Then there will be fewer such failures, but they will not disappear anyway.

This is what I'm afraid of if the tokens are not listed on a centralized exchange at the time of listing, they will simply walk out and scam investors.
I prefer to choose the lauchpad that is on the exchange, even though sometimes the profits are not as expected.

Isn't this like those multilevel marketing/pyramid schemes type of effect? It might not have the same concept, but the initial feeling that you get whenever you get a successful trade or gain in a particular asset would make it seem that you will get something even better in the long run. Hence, keeping your money at the start makes it ideal, but then it's just a losing position for you.

I think the big letter "G" on everyone's head would make you lose a lot more than you are willing to, and that's just how many people get down and fail with their financial stuff.

I agree that this would make it seem that you have lost everything, but no matter, don't think about it too much and move on. Everyone who has experienced this, including me, has and should've learned their lesson with this.

Sorry to hear about your loss I admit that being too much greedy is not healthy at all unfortunately most of the people in crypto industry are investing their money by falling in greed they don't consider to find out the advantages and disadvantages of the projects before investing in them although it's very hard to ignore greed in crypto space nevertheless we must invest according to our risk management and I believe in this case you will have done that.

Thank you for sharing your experience, this means a lot not just for the newbies and also the old investors like me that sometimes in doubt and thinking of what I shall do when I want to invest and also when I'm already in profit.

There really are experiences like this that makes us want to be simple and be happy with any amount of returns and profits that we make. That means that any profit we make, counts as profit no matter how low or high it is.

Another lesson we can take away from this incident is we have to diversify the profits into another projects not into the same old basket unless it is bitcoin in my opinion, if you did that you might saved atleast 50% of your capital amount which was the profit you made initially in the same project.

Thank you for the reminder. Unfortunately, people have the need to be reminded every so often about taming their greed. You are an example. You must have been very much aware of this kind of market. But still you fell for it. So this is not just a mistake that is committed exclusively by newbies. Even a legendary sometimes makes this error.

Greed is always around the corner. It is always a threat. It is always there tempting us to make the wrong move. It's great to be reminded of this once in a while. And for people to avoid committing the same mistake.

I sorry this has happened to you and you lost your investment, unfortunately this is something that happens almost everyday, scammers spend all their time and effort to try to make their project seem as legitimate as they can, however there is nothing inside, so people think that they are investing in a project that is serious when they could not be further from the truth, which in return creates a very negative attitude against altcoins and projects which are legitimate are the ones that have to pay the price and face great difficulties trying to attract investors, as the more people get scammed the more reticent they will be to ever invest in the altcoin market again.

A few days back I bought a token from Launchpad. After they Launch on Pancakeswap I made 1.5X and sold. I was happy with that. But unfortunately, the token price grow double every day, then I bought again at the higher price. I thought this was a chance to multiply my portfolio again. Even though it grow 5x but O didn't sell that due to greedy behavior. Eventually, the project rug was pulled and skipped with all the funds. That means I lost everything even including my initial investment. This is how greed destroys us and scammer takes the advantage.