Do Not be Greedy - page 28. | Bitcointalksearch.org

dunfida

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Quote from: signaturecoin on August 31, 2018, 06:28:01 PM

Quote from: Baofeng on August 31, 2018, 06:04:17 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

I think this is more applicable in altcoins. Many don't understand that most altcoins are just for pump-and-dump. If you are lucky and was able to enter before a pump, then its better to simply dump then and take the profits instead of hoping that it can grow more. And what you are describing fits the category of a good exit plan. 20% or higher is already a good dividends and I would love to take it anytime of the day.

Greediness in financial investment is very common because when people find their profits too high they will not be able to see things around in a general way. I believe that things are becoming more difficult for investors as the market fluctuates more and causes more difficulties for investors.

The greediness of a single person can blindly affect them without them noticing because when they already saw what's coming they tend to ask for more which then they started to become a greedy person. They just don't realize it yet because of what they saw and their hopes are getting fired up by that time. But they will only realize it if they already see the price that's dropping gradually day by day.

hahay

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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

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.

signaturecoin

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Quote from: Baofeng on August 31, 2018, 06:04:17 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

I think this is more applicable in altcoins. Many don't understand that most altcoins are just for pump-and-dump. If you are lucky and was able to enter before a pump, then its better to simply dump then and take the profits instead of hoping that it can grow more. And what you are describing fits the category of a good exit plan. 20% or higher is already a good dividends and I would love to take it anytime of the day.

Greediness in financial investment is very common because when people find their profits too high they will not be able to see things around in a general way. I believe that things are becoming more difficult for investors as the market fluctuates more and causes more difficulties for investors.

Diced90

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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.

Lpim01

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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

Individual satisfaction is very important and we also be contented even in small amount as it only what we've got. We cant stop others to push themselves and aiming high cause it only encourage them to work harder. And I've never find it bad also. We have different goals and wants, and I may say that greedy is not a right word to describe that certain person.

EXtremeAEX

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Greed (as well as a number of negative feelings) embraces us during the trade. It is difficult to struggle with this feeling. Greed periodically occurs throughout the time. Someone can fight it, but some don't. It is absolutely true that one must be able to sell in time. To achieve this goal, it is necessary to draw up a plan before commencing a bidding on the coin. Only strict compliance with the plan will help in the fight against greed and such negative emotions.

Baofeng

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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 think this is more applicable in altcoins. Many don't understand that most altcoins are just for pump-and-dump. If you are lucky and was able to enter before a pump, then its better to simply dump then and take the profits instead of hoping that it can grow more. And what you are describing fits the category of a good exit plan. 20% or higher is already a good dividends and I would love to take it anytime of the day.

darkangel11

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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

Only 20%? That can be a general rule of thumb, but in Bitcoin a 100% rise in the bull market is a rare thing. Usually it's 300% or more. Sure, we can keep selling at 20% rise, but what would be our advice when it reaches 25% and you've sold at 20? Buy back and risk losing money when it corrects or maybe wait for the correction to happen and buy then? It's not that easy. If you look at the previous bubble chart, if someone heard about Bitcoin in January, bought at 18k USD and waited for a 20% gain, he is fucked now, even though he thought "20% and i'm out!" Cheesy

richminded

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Quote from: wizmo on August 31, 2018, 04:41:51 PM

It's easy to say that don't be greedy but it's actually very hard to control yourself from greediness. There are very few people that can control themself and avoid their loss. Most of people will get greedy by trading in crypto because it's very volatile and it can make anyone millionaire in very short time.

Its ok to be greedy to achieve your goal as long as you are doing it right but of course you must still know how to control yourself. If there’s a chance of taking profit then grab it, securing your profit is one way of achieving your goal in life. The market will continue to grow at no specific time.

carlfebz2

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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

Not only that yet most coins nowadays wont really be easily give you that kind of profit or growth on a short period of time which means you would still need to wait a certain amount of time. Even if you do make compounding it wont really be that easy unlike on last years movements it is attainable but for now it isnt possible. Greed is always been a problem for a certain trader which lack on contentment will always push us to trade even we are already on profits.

Johnyz

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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

This is ideal for every trader, if the coin hits your target price sell right away and don’t wait for the higher price because you cannot be sure if its already the peak so better to take profit than to lose that chance. Don’t be greedy as long as you make profit you are doing good in this market.

Awesomus Maximus

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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.

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.

wizmo

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It's easy to say that don't be greedy but it's actually very hard to control yourself from greediness. There are very few people that can control themself and avoid their loss. Most of people will get greedy by trading in crypto because it's very volatile and it can make anyone millionaire in very short time.

FlamingFingers

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Quote from: harizen on August 31, 2018, 04:15:58 PM

Good example is the 2017 hype. There are lots of altcoins last year who rose from over 200% to 300% price increase and it created a thinking that those coins are worth to hold for long.

Oh, man... Where have you been? https://www.theatlas.com/charts/B1pWqcDQM

harizen

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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

Somehow agree for other altcoins, yes. Purely a hype.

Good example is the 2017 hype. There are lots of altcoins last year who rose from over 200% to 300% price increase and it created a thinking that those coins are worth to hold for long. And the most common mistake happened, buying and acquiring lots while the price already on over 100% increase. Honestly it's fine for me if they understand the risks but to expect 100% that their decision is 100% accurate then that's wrong.

Most of the said altcoins only experienced one single push at the top and their current volume now is quiet uninteresting to put a risk now. So yes, always consider dumping an alts if their price is already experiencing a tremendous price increase.

FlamingFingers

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Sure, that's a good plan for people who want to play in the safe zone. However, most investors are in the crypto market to get rich quickly. 20% might seem good for people who are doing this on the side, but others' plan is, the greater the risk, the better the reward. And cryptocurrencies don't just reach 95%+ profits, in the long run, 1,000%, 5,000% or even 10,000% are not strange to the crypto scene.

Vsamuel

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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

Topic: Do Not be Greedy - page 28. (Read 5100 times)