Do Not be Greedy - page 27. | Bitcointalksearch.org

Albert211994

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Quote from: Vsamuel on August 31, 2018, 04:03:28 PM

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

If you are a day trader, that is just the right profit for a single order. But most of the people here are investors and holders. So, they have a larger target as profit. Not every one is inclined in trading. It is much safer for them to buy, hold for a long time and wait 'til the price doubles.

KorakPawon

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Well, yes. keeping up and wait for the bigger prices is not a wise choice. We have to take a risk sometimes since the world keep changing. when we are brave enough taking a lower profit, we can go through a bigger 'rock' to jump.

JohnWick_Bitcoin

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Quote from: Crypto_Spike_Factor on September 01, 2018, 09:22:09 AM

Yes, being greedy in this high volatility market will eventually set us apart from our initial target. But dont hold grudge towards our own goal setting. Change the plan but not the goals towards your dream.

People who are hoarding a huge amount of coins are not greedy but they are just very wealthy or you can call them whales since the market prices are dropping which means that you will be earning a huge amount of profit when the market prices starts to pump up again.

TelolettOm

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Quote from: MMS2017 on September 01, 2018, 12:30:22 AM

Now the people are greedy and they are selling bitcoin because of the price rise while if we stop being greedy in these days then profit is high and through savings we can further invest in crypto market.

greedy because when the price goes up one wants to get a bigger profit so that it sells it on a large scale without considering the risk. indeed, the way people sell coins is different and we cannot ban them.

Crypto_Spike_Factor

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Yes, being greedy in this high volatility market will eventually set us apart from our initial target. But dont hold grudge towards our own goal setting. Change the plan but not the goals towards your dream.

ChrisPop

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Quote from: Vsamuel on August 31, 2018, 04:03:28 PM

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

I don't like to set my profit targets by percents. I like to analyse the markets, draw some trendlines, some patterns and look at indicators to find the best place to lock my profits. It's imperative to not be greedy and control your emotions. Also I like to have a dynamic stop-loss. If you don't know what that is.. document yourself.

LuciferEveningStar

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Quote from: MMS2017 on September 01, 2018, 12:30:22 AM

Now the people are greedy and they are selling bitcoin because of the price rise while if we stop being greedy in these days then profit is high and through savings we can further invest in crypto market.

Being greedy to invest right now is very importang since the market prices are still low, this is the reason you should invest even more or hold your coins in order to earn more profit just like what happened last year.

Reid

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When you are already at the peak waiting for the moment for it to stop increasing you cannot stop being greedy.
I remembered when bitcoin was going to the roof. I am all ready to sell and yetI cannot click the button.
Why?
You are waiting for more. You are trying to see if it can still go way higher. When it falls, you are going to think it will be back until you realize it is way low that you cannot sell anymore fue to loss.
Hard to control greed when you are at that moment.

iv4n

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Quote from: rachelia13 on September 01, 2018, 02:22:16 AM

I totally agree with you, in doing trading we should not be greedy. It's better to get a little profit but continuously than hoping to get big profits that might not be realized or could take a long time because crypto market is difficult to predict and have a high volatility. Better a little profit or you have to hold your coins for a long time that may cause you lose the opportunity to get a continuous profit.

There`s a moment when you need to take what you think it`s yours. There`s a moment when you need to know how much you can handle, call it greediness and that`s something you need to have in yourself, and you need to control it, let it out when you think it`s time for that. Many times I made a parallel between gambling and trading, in both activities you need to apply different styles, strategies in order to make some profit, this implies having moments when you get into slowly and when you need to be fast and furious, choosing right moment and making a strike is what we can do to make the highest profit.

rachelia13

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I totally agree with you, in doing trading we should not be greedy. It's better to get a little profit but continuously than hoping to get big profits that might not be realized or could take a long time because crypto market is difficult to predict and have a high volatility. Better a little profit or you have to hold your coins for a long time that may cause you lose the opportunity to get a continuous profit.

dinoloverpete

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Quote from: Vsamuel on August 31, 2018, 04:03:28 PM

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

That's generally a good idea and especially so the more you have invested but for a lot of people they entered crypto because of the large gains that are on offer. They start with a small amount and a 20% increase just isn't worth it. For many with only $100 or so invested they're looking to make at least 10x or more before considering it to be anything worthwhile. I know for myself starting out with a few hundred dollars I don't even consider it to be worth cashing out now at around ten thousand, that's having hit quite a few 100% returns already. I think all this goes to show is that one blanket rule just doesn't cut it, people always have different circumstances and objectives and so they need to take their own path. Do what works for you and don't worry about what everyone else is doing. In fact I would say this advice holds true to everything in life and not just investing.

kakonhat

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Yes, you are right. we shouldn't be a greedy man or greedy investor. But the 20% is too small to take the profit. I don't know whom you mention for this. Yes if you mention by this percentage to scalper then it's good for them but maybe not for the long trader. I would like to get more because it's possible in the Crypto world. I love it forever.

MMS2017

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Now the people are greedy and they are selling bitcoin because of the price rise while if we stop being greedy in these days then profit is high and through savings we can further invest in crypto market.

rhodelmabanal

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Quote from: canman on August 31, 2018, 09:26:17 PM

Quote from: fernandoclause on August 31, 2018, 08:25:46 PM

this is true but maybe I will be crazy if every day I predict asset prices in the market every day and make my head dizzy hehe ... lol,
I like the risk so I will continue to trade assets in the market and enjoy the risks that I will get

Of course, only risky grass can give you good returns and I would love this. This market has shown signs of recovery in recent days and I am sure Bitcoin will soon reach $ 10,000 this year. The thing to do now is to use all your assets to invest because I am sure this will be the best investment in life.

If this market has good signs of recovery, then we must be strong enough to face such challenges like this. The essence of a good community can provide the people an assurance that we're not be left all alone. Being greedy is an attitude of a weal hands so better learn to control emotions.

canman

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Quote from: fernandoclause on August 31, 2018, 08:25:46 PM

this is true but maybe I will be crazy if every day I predict asset prices in the market every day and make my head dizzy hehe ... lol,
I like the risk so I will continue to trade assets in the market and enjoy the risks that I will get

Of course, only risky grass can give you good returns and I would love this. This market has shown signs of recovery in recent days and I am sure Bitcoin will soon reach $ 10,000 this year. The thing to do now is to use all your assets to invest because I am sure this will be the best investment in life.

fernandoclause

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Quote from: Awesomus Maximus on August 31, 2018, 04:56:01 PM

Quote from: Vsamuel on August 31, 2018, 04:03:28 PM

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin.

Yes if you invest and hold over a longer periods of time. But if you day trade, the margin for profit can be much smaller. Even a gain of 0.5-3 percent can make a difference if you are good at day trading. Experienced trades can make a good profit even with such small profit margins.

1-3% increase in asset prices in the market is very profitable for day traders but to get 20% difficult to get a day, it may take a few days or a few weeks to get 20%

fernandoclause

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this is true but maybe I will be crazy if every day I predict asset prices in the market every day and make my head dizzy hehe ... lol,
I like the risk so I will continue to trade assets in the market and enjoy the risks that I will get

Kemarit

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Quote from: hahay on August 31, 2018, 06:56:41 PM

Quote from: Vsamuel on August 31, 2018, 04:03:28 PM

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

Waiting for 95% to sell then you will need a long time, no one forbids to do that, because to reach that point will require extra patience. I think that depends on each choice, because I only know that those who hold bitcoin will definitely sell if the increase in prices on the market has made it profitable and will sell it soon, so it's very difficult to hold for a long time to get bigger profits like make a 95% profit, because there will be many obstacles during holding periods.

On obstacles or barriers you need to overcome is the mental toughness to hold and hope that you will not go on a process wherein you need money for emergency situations or stuff like that. If you are looking for 95% returns, I estimated that it would take 3-5 years to hold on a certain coin and that is very tough specially on bitcoins. So the decision is still up to you, whether you like to be greedy or just hold until such point that you need to sell and take profits.

kotajikikox

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Quote from: Vsamuel on August 31, 2018, 04:03:28 PM

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

Day trade no need to wait 95 percent profits earnings, earn a little is enough for the day traders rolled again the couns into another potential coins and hope gets again an small amout of earnings that's my trade strategy before. Waiting for 95 percent before sell are advisable for long term hold not for day trade.

Pasnik

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Quote from: Diced90 on August 31, 2018, 06:27:59 PM

Don't be greedy its an easy phrase to voice but its unbelievably hard to live up to especially when its against our human nature to do so.

Well, being greedy will resulted into lose of profit. Once coin is already increasing take profit this way can avoid to lose. Aiming for the huge of profit sometimes the outcomes is not good.

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