Being greedy comes with a lot of regret in the future. Greed kills and can make you lose everything in a second. The story is perfect to describe it as a bitcoin investment, it gives an insight of how the cryptocurrency market functions. We should be prepared to face the outcome of the market but so also we should know when to cash out our profits and not let greed lead us to regrets later.
The story could be interpreted in this way... In the crypto market nothing is certain, and it is full of ups and downs. You have to know the value of the coin (goose) you have and you also need to have a good understanding of the market and know when to take profit and move on to the next project than waiting for x100, x200 or x250 which might never happen and at the end of the day you will be filled with pain, anger and bitterness as a result of greed. 
Topic: Don't be greedy – a short goose story - page 2. (Read 610 times)
This is not greed, it is just ignorance.
No, it is greed but reasons of greed are very numerous. Making profits and wrongly believing to be able to make more profits is also an issue of greed.
Because many people have made profits and mant to make even more but such people will eventually end up making a loss after all, which is very sad of course.
It is greed.
Many people don't understand how the crypto market works, there is a time to take profit and a time to invest, if you don't understand this you will easily go into panic mode.
If you are into altcoin investment you need to study the Bitcoin dominance chart, you will know when money will go into altcoins after Bitcoin is done with pumping, whenever Bitcoin dominance is up altcoins will keep getting crushed and whenever the dominance is going down altcoins will increase in value, many people don't know this.
The reason many people keep holding coins instead of taking profits is that they think the price is going up, they thought they understood a thing but they do not. This is not greed, it is just ignorance.
If you are into altcoin investment you need to study the Bitcoin dominance chart, you will know when money will go into altcoins after Bitcoin is done with pumping, whenever Bitcoin dominance is up altcoins will keep getting crushed and whenever the dominance is going down altcoins will increase in value, many people don't know this.
The reason many people keep holding coins instead of taking profits is that they think the price is going up, they thought they understood a thing but they do not. This is not greed, it is just ignorance.
Greed kept lots of investment below their expected standard in the market because they sold it all at 20k ATH back in 2017. It didn't occur to them that bitcoin can hit a better ATH again. That's what we get out of greed. Like the story of the goose, the money would finish and the investor will realize how too late it is to regret. While in the bitcoin market, I've understood the importance of investing our bitcoin wisely, not just hodling alone but knowing the right business to put our profits other than spending it on things that won't yield profits. Hence, we are supposed to enjoy the process, but with limited amount, not to run out of profits and also work hard to make extra money that'll go back into bitcoin investment.
I've heard this story and also seen bitcoin compared to the goose that lays golden eggs.
That said, the story can be interpreted in a different way: don't be too greedy, sell your coins when you're in profit because most investors usually lose. Be in profit, even if it's just 10%. Don't hope for 200% as you may never get it.
Being a hodler myself, I prefer your way of seeing things, OP. I'm not going to give my bitcoin away for a fraction of its ATH price. The lower it goes below the ATH the more stubborn I'll be. If they want my bitcoins they'll have to offer an arm and a leg
True. Stay away from greed and you will never lose from your bitcoin investment. If the market is in profits, then take time to sell. It’s not necessary to sell only when you see maximum profits, what’s more important here is you never sell for a loss. The more you become more greedy, the more you chase for bigger profits, and it’s devastating when the moment you decide to sell, bitcoin price suddenly drop sharply. That’s the consequence of long term hodling without wanting to sell even for minimal profits. That said, the story can be interpreted in a different way: don't be too greedy, sell your coins when you're in profit because most investors usually lose. Be in profit, even if it's just 10%. Don't hope for 200% as you may never get it.
Being a hodler myself, I prefer your way of seeing things, OP. I'm not going to give my bitcoin away for a fraction of its ATH price. The lower it goes below the ATH the more stubborn I'll be. If they want my bitcoins they'll have to offer an arm and a leg
Though it is an old story, it is always relevant. I first heard and read this story as a child. Greed is bad for everything, not just crypto. It also destroys the soul and life. I've written similar things about scams many times. Only when we are greedy will we be deceived. The majority of hacking incidents are caused by greed. As a result, we must be realistic. To earn cryptocurrency, you should take a straightforward approach. This really isn't a shortcut.
Greed never brings out the best in us, but certainly the worst. Once we are influenced with greed, we mostly end up with negative feelings like envy, depression, which lead us into losses and pains, and that are destroying our mind and soul eventually. That’s why if we can live life righteously, without the presence of greed, we can always avoid these negativity in life that will not bring any good for us in the long run. 
Most business and trading are destroyed by greed. People are so impatient that we barely ever wait for things to happen as they should. We constantly strive for expediency so that we won't consider the effects of our avarice.
Most of the time, a slow, continuous income or profit is preferable and more advantageous than trying to get everything at once. It's possible that you will lose everything you have worked for.
Even when the returns on your investment in bitcoin are not what you had hoped for, you must maintain your patience. Someone who put all of their savings into bitcoin in the hopes of making a quick profit without any wait because he will ultimately lose everything he has invested in the bull run.
Most of the time, a slow, continuous income or profit is preferable and more advantageous than trying to get everything at once. It's possible that you will lose everything you have worked for.
Even when the returns on your investment in bitcoin are not what you had hoped for, you must maintain your patience. Someone who put all of their savings into bitcoin in the hopes of making a quick profit without any wait because he will ultimately lose everything he has invested in the bull run.
In crypto, We alt to decide our loss stopping point and when to take profit, if one don't know when to do the exact, then the person is not fully ready for crypto trading and investment.
Most times 10-30% added to my capital I pull out. Unless it's a token am willing to hold for long time.
It depends on how you trade, because different body have different measures of Trading strategies, profit making in trading is basically depends on you ability to know chart and understand the particular coin you are trading on potentialities, if you scrutinised a coin and know the potentials, nothing will make you not be curious of pulling your capital out when is not profitable, both when the potential is encouraging the investor will likely hold the coin until it experience a next bullrun, so selling out your invested coin is dependable on the observation of the investor, probably if it will be profitable or not if time goes on. Most times 10-30% added to my capital I pull out. Unless it's a token am willing to hold for long time.
Though it is an old story, it is always relevant. I first heard and read this story as a child. Greed is bad for everything, not just crypto. It also destroys the soul and life. I've written similar things about scams many times. Only when we are greedy will we be deceived. The majority of hacking incidents are caused by greed. As a result, we must be realistic. To earn cryptocurrency, you should take a straightforward approach. This really isn't a shortcut.
Greed will never end up anything good, but will definitely ruin our life and put us into a lot of losses instead. That is why those newbies who are motivated with greed have never seen successful in crypto. Though they find some short term profiting, but still it end up with nothing. So there’s no actually shortcut in success, and greed and selfish desire will never make a person successful.
Yes, that's a great analogy! The lesson of not getting greedy and being content with what you have applies to many aspects of life, including investing in cryptocurrency. It's important to do your research, invest in reliable and established coins, and not to take unnecessary risks in the pursuit of quick profits. Holding onto your coins and not giving in to the temptation to sell them in a panic can also help prevent big losses. Overall, taking a cautious and disciplined approach to investing in crypto can help increase your chances of success in the long run.
That's a very interesting story with good moral lesson you have there, as it teaches about the importance of being patient in the midst of both hard and difficult times. Because just as the owner of the goose couldn't wait a single day for it to lay a new egg and sell, so do we have some individuals in the crypto world just like that, who thou wishes to enjoy the bull profit of Bitcoin, but yet can't afford to withstand whenever there is a slight bear market, but rushes to sell their coins at cheap price and later go about regretting.
So I hope with this story by O.P, newbies and other forum members, will be able to understand that patience is a virtue, and as such never let your emotions lead your actions.
So I hope with this story by O.P, newbies and other forum members, will be able to understand that patience is a virtue, and as such never let your emotions lead your actions.
Greed can have a bad impact on the psychology of investors when they lose their investment funds, it requires caution and a strong mentality because cryptocurrency investment is like a double edged sword. The ups and downs of the crypto market are always used by investors to generate profits, there are many techniques that can be applied so as not to fall into greed.
As prices improve and asset values start to increase, never get carried away with bigger profits because you never know what will happen in the next few hours. Immediately take what is yours and come back when the price is low.
As prices improve and asset values start to increase, never get carried away with bigger profits because you never know what will happen in the next few hours. Immediately take what is yours and come back when the price is low.
isn't that also not a wise choice without a consistent planning. it looks like a freak when it sees the pump and it shows profit.
just do the planning from the start, so it's either a time frame, or a selling price range for a certain profit. investors can already make the plan from the start. and it will be quieter to do.
but to be honest, when looking at the pump of course there will be a feeling of wanting to wait for the peak. so it's a shame when we miss it. even though the risk is that we will actually be trapped in some conditions that we don't want.
Greed can have a bad impact on the psychology of investors when they lose their investment funds, it requires caution and a strong mentality because cryptocurrency investment is like a double edged sword. The ups and downs of the crypto market are always used by investors to generate profits, there are many techniques that can be applied so as not to fall into greed.
As prices improve and asset values start to increase, never get carried away with bigger profits because you never know what will happen in the next few hours. Immediately take what is yours and come back when the price is low.
As prices improve and asset values start to increase, never get carried away with bigger profits because you never know what will happen in the next few hours. Immediately take what is yours and come back when the price is low.
Don't murder your goose = HODL your Coins.
Disagreed and it appears misapprehension of story. It's good idea to take profits, otherwise your profits might shoo away without yourself realizing a penny.
Prominent coins like btc, ethereum are good but they should also be allocated a portion in your portfolio.
We need education to avoid greed and don't fall for it.
Success is defined by knowledge + experience and in crypto, greed is a very common cause of failure.
We can only avoid greed when we really know greed is not beneficial at all in crypto. Is doesn't matter if it's a risky ICO, risky coin or risky trade. We need to be aware of it.
Greed will lead us to bad decisions and cause a big loss for us.
After realizing it, it would be better for everyone to avoid it as well because if you are only aware of it while acting greedily, I don't think there will be any real success that we will get. So avoiding greed after realizing it is a much better thing too while continuing to increase knowledge and asking those who have experience, of course. Now I rarely hear about ICOs, because what I really see now is AI and Metaverse, which are probably better than ICOs. So that ICOs are very rarely seen and also heard of in the crypto space anymore now. Success is defined by knowledge + experience and in crypto, greed is a very common cause of failure.
We can only avoid greed when we really know greed is not beneficial at all in crypto. Is doesn't matter if it's a risky ICO, risky coin or risky trade. We need to be aware of it.
Greed will lead us to bad decisions and cause a big loss for us.
This story has been commonly heard by people, both in the forum and outside the forum. This story has a special connection with Crypto investors/traders, greed can cause what you should get to just disappear.
In addition to the several important points that you have explained above, take profit needs to be prioritized and stop losses must also be executed to maintain asset value. You can collect profits little by little as long as you are consistent with the initial plan, when profits start to come to you, don't be tempted to get more.
In addition to the several important points that you have explained above, take profit needs to be prioritized and stop losses must also be executed to maintain asset value. You can collect profits little by little as long as you are consistent with the initial plan, when profits start to come to you, don't be tempted to get more.
greed is indeed a destroyer in all fields, many people who are greedy become miserable. so is the case in the crypto sector as well.
Greed always breeds uncertainty which ends in failure and destruction.
it's better to be grateful for what we get, don't complain too much and don't be greedy in whatever field we are in.
Greed always breeds uncertainty which ends in failure and destruction.
it's better to be grateful for what we get, don't complain too much and don't be greedy in whatever field we are in.
I see greedy as enemy of success sometimes because when you are too greedy you will like to lose everything easily. This make me remember a time that I was using ideas of getting 2 odd every week and stake it with $50 and I was making $50 Profile every week despite it was gamble I was always lucky and always won the games every weeks continuous like five weeks, one day I just decided to increase my profit and change the 2 odd to 5odd and stake it with all profits I have gathered over five weeks once, so that i can make hug profits once and that is how I lose everything have gathered over five weeks once.so from that time I don't always see greediness as opportunity again.
We have to prevent ourselves not to be greedy and because greedy is part of human nature so there's nothing we can do about it but to never getting greedy.
We need education to avoid greed and don't fall for it. Success is defined by knowledge + experience and in crypto, greed is a very common cause of failure.
We can only avoid greed when we really know greed is not beneficial at all in crypto. Is doesn't matter if it's a risky ICO, risky coin or risky trade. We need to be aware of it.
Greed will lead us to bad decisions and cause a big loss for us.
We have to prevent ourselves not to be greedy and because greedy is part of human nature so there's nothing we can do about it but to never getting greedy.
We need education to avoid greed and don't fall for it. Success is defined by knowledge + experience and in crypto, greed is a very common cause of failure.
We can only avoid greed when we really know greed is not beneficial at all in crypto. Is doesn't matter if it's a risky ICO, risky coin or risky trade. We need to be aware of it.
Greed will lead us to bad decisions and cause a big loss for us.
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