Topic: Don't be greedy – a short goose story - page 3. (Read 634 times)
Didn't read all of it and since it is about greed then I'll just share why being greedy won't help anyone no matter how rich you are. If you aee very rich then you can buy as much as you want and let the money talk. If it is about buying something like buying crypto then you are being greedy at that and if the price decrease then good luck with that. 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.
There is no easy money in investing. I just saw a play and earn application that has a gambling feature that went shutdown and of course, they don't know who the developers are. Greedy people who thought that they will earn money thru that game invested many hoping to earn more money, but it didn't happen. Greediness in humanity is already there and there's no way we can remove it. The only thing that we can do is to teach ourselves how not to be greedy thru discipline.
Are you talking about the recent scandal about gold farming online on our local? It became popular that all my friends invested on it and recruiting there family. They became greedy when they that many influencers is promoting this game on their respective channel that cause this game so popular and scam tons of money. They are using the cover up of casino to hide their ponzi farming.This kind of scheme never stop because there’s always a greedy people that willing to bite the dust once they knew someone popular endorsing it despite the project itself is too good to be true in the long run.
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.
You are right, Sir! It is very important, because it is also a sort of education to prevent a loss. We should know how to secure a profit and not risk to lose it. Many people have done such mistakes and only education can help to prevent such mistakes. Especially in Crypto market, where we can always see a huge risk. Crypto is a good source of big profits when we aren't greedy. We need to protect our goose.
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A story that I've heard so many times when I was a kid. A short story that was being told to us by our teachers back when we are still young.
Who would've know that this short story that I've heard so many times already can be a big help when it comes to investing
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I just started trading yesterday and so far I'm not at a loss, but I barely got some profit. Well, I'm a newbie in trading that's why. I'm teaching myself how to be patient. I'm teaching myself how not to be greedy.
There is no easy money in investing. I just saw a play and earn application that has a gambling feature that went shutdown and of course, they don't know who the developers are. Greedy people who thought that they will earn money thru that game invested many hoping to earn more money, but it didn't happen. Greediness in humanity is already there and there's no way we can remove it. The only thing that we can do is to teach ourselves how not to be greedy thru discipline.
Who would've know that this short story that I've heard so many times already can be a big help when it comes to investing
.I just started trading yesterday and so far I'm not at a loss, but I barely got some profit. Well, I'm a newbie in trading that's why. I'm teaching myself how to be patient. I'm teaching myself how not to be greedy.
There is no easy money in investing. I just saw a play and earn application that has a gambling feature that went shutdown and of course, they don't know who the developers are. Greedy people who thought that they will earn money thru that game invested many hoping to earn more money, but it didn't happen. Greediness in humanity is already there and there's no way we can remove it. The only thing that we can do is to teach ourselves how not to be greedy thru discipline.
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
Or let’s conclude that bitcoin is not a get-rich-quick scheme so it needs to be hold for long term, and just sell it when you think you are already in profits. And never focus on greed, as being greedy will create wrong decisions in life. And if you are always in a hurry to make profits, you are losing the opportunity to gain huge profits in the future so just learn to be patient despite of every market uncertainty. 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
~snip~ Because when mentioning coins, it means that there are no special restrictions and are still quite common, while currently only bitcoin is able to maintain investment value in the long term.
The Right one in my opinion, Buy and HODL Bitcoin
good point and should be important when the words "coin" are meant with lots of altcoins to choose from. Bitcoin should indeed be the main investment with minimal risk compared to altcoins.The Right one in my opinion, Buy and HODL Bitcoin
Bitcoin is the spearhead of all altcoins, and the movement of altcoins is governed by bitcoin.
Buy and HOLD Bitcoin is most recommended, it will be a good long term investment and give you more profit.
Do you believe greed is one of human nature?
From the story you quoted above, it can be concluded that humans will never be free from greed. Someone who already has a mountain of gold, surely aspires to add another mountain of gold. People who already have cars want to own private jets, and so on.
When the price of the crypto asset that you hold has exceeded the predetermined target limit, that's when you start to hesitate to release it at the price you want. You must think there will be an even higher price increase afterwards, this is what is called human nature. Satisfaction will never be lost on someone as long as he is still alive.
From the story you quoted above, it can be concluded that humans will never be free from greed. Someone who already has a mountain of gold, surely aspires to add another mountain of gold. People who already have cars want to own private jets, and so on.
When the price of the crypto asset that you hold has exceeded the predetermined target limit, that's when you start to hesitate to release it at the price you want. You must think there will be an even higher price increase afterwards, this is what is called human nature. Satisfaction will never be lost on someone as long as he is still alive.
Greed is never a good idea because it can ruin all your profits when you are having more of Loss.
To underline why we should avoid greed, here is a short story from ancient Greek writer Aesop:
It is a very simple story but it is also true for crypto: don't get greedy because it could result in a big loss, where all your profits are gone and you end up at a big loss, no chance to recover it.
Do a detailed research, avoid risky Altcoins and keep your coins safe.
Be happy from what your profits are at and don't get greedy because it is always a good idea to avoid risk.
Don't murder your goose = HODL your Coins.
Though it is a story but true, greediness does not bring anything good under any circumstances. But it can be called a natural religion of man. When people are able to know the impacts of greed, they try to get red of excessive greed. But controlling greediness in some causes very difficult. Meanwhile the OP mentioned a story that nicely illustrates how a greedy man brings about his downfall.To underline why we should avoid greed, here is a short story from ancient Greek writer Aesop:
Quote
There was once a Countryman who possessed the most wonderful Goose you can imagine, for every day when he visited the nest, the Goose had laid a beautiful, glittering, golden egg.
The Countryman took the eggs to market and soon began to get rich. But it was not long before he grew impatient with the Goose because she gave him only a single golden egg a day. He was not getting rich fast enough.
Then one day, after he had finished counting his money, the idea came to him that he could get all the golden eggs at once by killing the Goose and cutting it open. But when the deed was done, not a single golden egg did he find, and his precious Goose was dead.
The Countryman took the eggs to market and soon began to get rich. But it was not long before he grew impatient with the Goose because she gave him only a single golden egg a day. He was not getting rich fast enough.
Then one day, after he had finished counting his money, the idea came to him that he could get all the golden eggs at once by killing the Goose and cutting it open. But when the deed was done, not a single golden egg did he find, and his precious Goose was dead.
It is a very simple story but it is also true for crypto: don't get greedy because it could result in a big loss, where all your profits are gone and you end up at a big loss, no chance to recover it.
Do a detailed research, avoid risky Altcoins and keep your coins safe.
Be happy from what your profits are at and don't get greedy because it is always a good idea to avoid risk.
Don't murder your goose = HODL your Coins.
Cryptocurrencies also have many investors who have lost everything hoping for additional profits. As this platform is highly volatile, people get carried away with the get-rich-quick dream as soon as they come in this platform. For this reason excessive greed works in him and he invests all his assets in a wrong place without paying attention to any rules and becomes bankrupt.
Many have also held on their crypto assets in hopes of further gains despite having good return. I think one of the biggest mistakes that people have made from crypto,which is only greediness. So one should not be overly greedy from anything.
Greed is a mistake that we need to avoid when investing because greed will encourage us to do things that are not natural for us to do so that in the end we have to suffer losses, we often see many beginners or some other investors who are unable to control their greed have to suffer losses because usually when the market price is rising they will rush to buy at high prices because they want to make more profits in a short time by relying on the luck factor without implementing a strategy.
realizing that you need to think rationally.
Yeah I agree totally with you and rational thinking is one of the best way to comb mental and emotional stress associated with crypto, rational thinking which is simply hoping for the best while expecting the worst and with this idea, one would simply start practicing the use of stop loss(SL) indicators while HODLing.
Greed in all sphere of life is very bad and most times, ends up with negative result and cryprocurrency isn't exempted on this principle of greed, "the higer the greed, the riskier it gets"
In my country, this tale is called "The Tale of the Goldfish." We are taught from childhood not to be greedy, but for some reason, growing up, many forget about the first lessons. But it can also be said that we all have our ambitions. Someone is ready to stop at 10 percent of the profit, but for another person, this is not enough. You need the experience to understand all the risks. If you think that the market will always go up, you can get disappointed very quickly and not have time to sink to the ground from your illusions. Just set a goal for how much profit you will be satisfied with, realizing that you need to think rationally.
Greed is always to be an enemy for everyone you should avoid this one but sometimes you can't resist it. You must know how to take profit when it comes to trade and if the greed is still with you please take half position and set your stop loss at BEP+ level 
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When you lose a dollar the emotion is real but when you profit a dollar it feels not enough that is one example of greed
.When you lose a dollar the emotion is real but when you profit a dollar it feels not enough that is one example of greed
..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...
I would interpret this story differently)) This is more like how many beginners are trying to earn a big profit in a short time without observing risk management. In this way they turn trading into a casino, betting all their money wanting to increase it, but as a rule they end up losing their deposit.
Turning trading into a casino is the wrong way, there will be many risks when trading does not go according to expectations. Like Putting eggs in one basket and when the basket falls then all the eggs will break.
Beginners who have never studied the correct trading techniques only expect instant profits quickly, even though there is no quick profit that can be obtained if they cannot carry out a good trading strategy and carry out some analysis to determine market conditions. They are even too greedy and only produce losses.
That's a nice fiction; it has really explained alot -- atleast to peeps that can get into an imaginary line, along with it.
"SLOW et STEADY" could go a long way rather than getting too obsessed by the feeling of having everything at once, lame. That's one of the things that greed would incure; it'll make you feel you're too weak to take a step forward and get the greater part of the "Golden Egg" (as transcribed from the story) or two slow while giving it time to reproduce gradually.
My advice to rookies out there: It doesn't pay off to be greedy, you'll only end up loosing everything once you begin to feel like going back to get some that fell on way or trying to speed up the process.
Sandra 🧑🦰
"SLOW et STEADY" could go a long way rather than getting too obsessed by the feeling of having everything at once, lame. That's one of the things that greed would incure; it'll make you feel you're too weak to take a step forward and get the greater part of the "Golden Egg" (as transcribed from the story) or two slow while giving it time to reproduce gradually.
My advice to rookies out there: It doesn't pay off to be greedy, you'll only end up loosing everything once you begin to feel like going back to get some that fell on way or trying to speed up the process.
Sandra 🧑🦰
..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...
I would interpret this story differently)) This is more like how many beginners are trying to earn a big profit in a short time without observing risk management. In this way they turn trading into a casino, betting all their money wanting to increase it, but as a rule they end up losing their deposit.
Good story but this shouldn't be use to picture 'not taking risk' , if you are earning too less and you believe that patience is the solution you are fooling yourself, Greed should be treated as a weapon and if you use it right it favors, there are times when been Greedy is the way and there are times where doing nothing and enjoying what you have is the key.
Patience is a rich virtue. If the country man had enough patience the goose will still be laying eggs till date. And if the country man needed more money diversifying his income would have been the best option instead of killing his main source of wealth with greed. I learnt a lot from the story and it has so much morals taught.
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Greed is never a good idea because it can ruin all your profits when you are having more of Loss.
To underline why we should avoid greed, here is a short story from ancient Greek writer Aesop:
Not all perspectives can be combined with the stories you share, this story is closer to the parable of the fairy tales that I often tell children before they go to bed. Don't worry, this is just an analogy and the story doesn't make any sense because the goose lays golden eggs.To underline why we should avoid greed, here is a short story from ancient Greek writer Aesop:
And it's true that greed is another part that can destroy a person, but I think it's also good when greed is used to buy bitcoins. Isn't this the goal many people want, to collect as many bitcoins as possible and store them long term before ATH arrives.
Quote
It is a very simple story but it is also true for crypto: don't get greedy because it could result in a big loss, where all your profits are gone and you end up at a big loss, no chance to recover it.
Do a detailed research, avoid risky Altcoins and keep your coins safe.
Be happy from what your profits are at and don't get greedy because it is always a good idea to avoid risk.
Don't murder your goose = HODL your Coins.
Your second point is also a little confusing, you are trying to give an idea of avoiding risk, while in the last paragraph you mention "HODL Your Coin".Do a detailed research, avoid risky Altcoins and keep your coins safe.
Be happy from what your profits are at and don't get greedy because it is always a good idea to avoid risk.
Don't murder your goose = HODL your Coins.
This idea is far worse than killing the goose that lays the golden eggs. Because when mentioning coins, it means that there are no special restrictions and are still quite common, while currently only bitcoin is able to maintain investment value in the long term.
The Right one in my opinion, Buy and HODL Bitcoin
The motto of the story is not selling anything that gives you profit regularly.
In that case, your story doesn't make sense, because other than selling bitcoin you can not make profit. If you hold 1 bitcoin after six months the amount is same 1 bitcoin.
While in the story the goose lays golden eggs regularly/daily. Which farmer can sell and make profit. Nice try By the way.
In that case, your story doesn't make sense, because other than selling bitcoin you can not make profit. If you hold 1 bitcoin after six months the amount is same 1 bitcoin.
While in the story the goose lays golden eggs regularly/daily. Which farmer can sell and make profit. Nice try By the way.
Don't murder your goose = HODL your Coins.
Are you sure about the "="? Do your coins lay golden eggs, or they increased in number after someday?
The point of this story is to not sacrifice your cash flow for short-term profit. But Bitcoin doesn't have any cash flow. The only way to profit from Bitcoin is to sell it. Selling Bitcoin is not an equivalent of killing a goose that lays golden eggs. You can use the profits to buy Bitcoin later at a lower price.
Greed is what also makes people miss out on selling at a profit when the price is high, and then regret it when the price crashes.
Greed is never a good idea because it can ruin all your profits when you are having more of Loss.
Greed is what also makes people miss out on selling at a profit when the price is high, and then regret it when the price crashes.
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