Topic: Don't be greedy – a short goose story (Read 621 times)

Even though it's just a fictional story, in the story of the goose, we can learn a very valuable lesson.  It's true, greed can be very detrimental in any investment, including cryptocurrency investments such as Bitcoin.  The cryptocurrency market is very volatile, and the price of Bitcoin can change drastically in a short amount of time.

While Bitcoin investment can bring great returns, it can also come with big risks.  It is very important for investors to have a clear exit strategy and adhere to it strictly.  This means that investors must have realistic profit targets and when to sell their assets.

There is nothing wrong with seeking profits in the cryptocurrency market, but excessive greed can lead to unnecessary and even dangerous speculative actions.  Therefore, it is recommended that investors always take the time to do research, understand the market and diversify their investments.

However, it is important to remember that investing always involves risk, and it is never certain.  In this case, smart decision-making and disciplined exit strategies are essential to avoid greed and regret later.

Yes, you were very right then. Not just in crypto but in all types of investments, patience is of high necessity. With patience, you will never be led to wrong decision making and lose everything you have, because you always chose to weigh things first and if its right, then that’s the time you will follow the go signal. Just like in bitcoin, everything is done perfectly for long term, so if you lost your patience along the way and decide to take shortcuts, you will never be successful in the end but only lose your future profits.

Emotion was one of your enemies when it comes to trading or investing, if you get aggressive positively you could easily make mistakes on your trades maybe sell your bitcoin at the wrong prices.

I do get greedy sometimes especially back in the day when I still do daily trading when you do future trades it has leverage so you could possible loss your portfolio if you do not put a stop loss on your trades. I mean it's an easy money thing so you could easily get greedy most of the time.

In my opinion and experience the best thing to do is to have a plan and set your goal, or just be early so that you would have a lot of leverage.

As my experience greed can blind people. When we blind we always can't figure what is right and what is wrong? what is right path and what is wrong path?. So we choose whatever we feel. Then booom! Everything is destroyed in one decision. 

Greed has long been recognized as a negative human trait, and numerous tales and stories cautioning against its dangers. Lots of religions and philosophies, like Christianity and other belief systems, have identified greed as one of the seven deadly sins, further emphasizing its negative impact on individuals and societies. That Aesop story about the dude and the golden goose is a real cautionary tale about being too greedy. So, this dude got super antsy and wanted to get rich quick, so he did something pretty dumb and killed the goose. Turns out, that was a terrible idea because he lost his supply of golden eggs and ended up losing a bunch of money.

In the crypto world, people can get hella greedy in all sorts of ways. Investors might get tempted to go after fast profits without doing proper research or risk assessment, which could lead to making reckless investments in risky or speculative altcoins. It can also make people do shady stuff like pump-and-dump schemes or other illegal things to make money.

Guys, we gotta keep our cool and not get too greedy when dealing with crypto. it's key to do our homework, spread out our investments, and watch out for risks when we're making decisions. It's super important to not let our emotions get the best of us and give in to greed. That can mess with our head and make us do some crazy stuff.

You have reminded me of my trades which i made back in 2020 maybe in start of 2021 i dont remember, well there was a campaign running from our university to promote farmers to grow more wheat and to help them to adopt new technologies. (Note i am a student of bscs but was assigned to join the compaign) well, i was doing trades that days and i went to field with fellows and they with them and i sometime check the charts on my phone.

I was not a good trader back then well not a good one even now but gain a little bit of experience. That day i made 15$ and i was ok then i saw another opportunity which i made while my mind was busy in another thing and i thought of that entry as good and entered the market, after some time marke tcame down i thought that's ok no tension and when i sleep at night and around 2 AM i checked my trade and i was liquidated (it was a future trade) i lost all of my profits and investment.

Point is same as you mentioned, we should not fall prey to our emotional sentiments controlled by greed which is a sign of immorality too. I made many mistakes and left trading for few months took a break and still on break. But i think, now i feel more confident after reading your post hehe.

One of the common mistakes investors make is when they notice that their investments have yielded into something, instead of them to either sell 50% or sell everything and be in stable USD, they rather fall in love with the project, that is when you see these projects bring out different news to capture everyone attention like the PayPal partnership integration and google cloud things we have seen in the past, they think this partnership will be as support for holders and believe no one will sell but crypto will always be crypto, single bad news is enough to tank the market by 50% downward.

Since I was a child, I have heard the tale multiple times. It is very popular. The story has a lesson to teach about patience, contentment, and greed. It can be interpreted in a variety of ways when it comes to investing. Earning money quickly without having to deal with the emotional ups and downs of the coins you hold. And, holding your coins for its long term benefits and not getting tempted each time you see little gains. If you ask me, neither is bad. Earning money is the most important matter here. They are both profitable investments, regardless of size.

We all know that a lot of the downfall in the society today is as a result of greed and personal interest and this can lead to loss and disappointment decision taken should be carefully observed and also the level of our instinct rises according to our thoughts

Sure, because being greedy is part of emotions. So if you manage to control your emotions, you should be a person who is not greedy. Because I've experienced that. I tend to want to quickly recover losses, so I want to continue trading, even increasing the amount in the trade. But in the end I lost it all. So there is a very close relationship between Greed and Emotion in trading. You have to master emotions so that you don't get greedy.

Greed is part of emotion, trade with emotion is little bit tricky but believe me it is always like this  .

Always know how to take profit and know how to stop loses it the best for now.

But if you still greedy when trade, make sure you put stop loss above your entry zone hahaha

In all aspects, greed always brings out negativity in life. There’s no such people who are always greedy end up successful in life. Yes, they may be profitable at first, but eventually they start losing all their gained profits because of greed. In bitcoin, greed should always be discouraged. Otherwise, if you invest with greed, you might keep on missing the opportunities to make profits, because you are much focused on bigger profits that you wish to achieve from bitcoin.

the first time i heard this story was when i was still in school, and at that time i just understood it was a good story but as time goes by, this story contains some serene meaning how a greedy person will only end up with a loss.

in business, gambling, trading, romance...people who are greedy and selfish will only become people who don't get anything, they want everything instantly and quickly but don't want to accept the laws of nature ^{(that everything needs a process)}

A trader must definitely avoid greed in investing, making more profits must have an understanding of the investments being carried out, otherwise greed will bring people to loss because they continue to be forced by lust in relation to trader.

Trying to make a profit must have a strategy in investing, people cannot rely on luck and this is not the nature of investing, the rest is greed will make everything disappear and get out of control of the investment we are living.

Greed is a deadly ill habits, it controls your selfish desires with impatient to have everything. Sometimes things act of taken what belongs to others end up making you in losing everything you have. People are hunting for cryptocurrency with scam minded or greed can do anything to siphons other people coins to their treasury wallets. Is big eyes that's causing it. We call OYU'UKWU for my local dialect. They're never contented.

As a trader or investor if you can be able to have self control over greedy then a bigger problem has been solved which reduced loss in the market.  Greed will only make one to think every profits is still small to go with and trying to make more profit  will only end up in losing everything. Greed and lack of patience this are the things that makes trading to be very terrible for some people. It is very important to learn to accept every profits we have no matter how small it is.

It's really very meaningful to every traders so that we don't take risks of our hard earned assets. Actually I have learnt a lot because I already made too many faults. Faults are likely investing on a memcoin, investing on a coin which is fundamentally weak and trading with high leverage which may liquidate all of our assets because of high leverage. So we should learn a lot and have good trading strategies otherwise we also do regret. Best wishes for every traders hope you will not kill your goose by being greedy.

What a sad tale of that country man, he has made a terrible mistake of his life, being greedy can never be a good thing because it can ruin someone's life while also causing you to lose all your profit, isn't necessary when you are greedy you'll make a big profit especially in cryptocurrency is just a matter of patience and time everything will be achieved, something that may even end up taking life can never be a good thing to do.

Greed is never a healthy thing, especially when it comes to investing in cryptocurrency. I've been investing in cryptocurrencies for a while now, but I've never wanted to be greedy and end up in a bad situation since being pleased with what you have is preferable to pursuing something enormous and losing your money. To succeed in cryptocurrency, you must be wise about what you are doing and invest within your means so that even if you lose money, you will not feel bad about yourself because a greedy person can never achieve their genuine goals.

Greed is wanting to get more when we don't know whether it will work how we want it. We believe it can work well, but in reality, it doesn't go how we want.

We can make big profits but must also consider the situation and conditions. And related to the current market conditions, we don't need to be greedy, especially if the market hasn't improved yet and still needs time to recover. It is enough to take profits as needed because we can still get other benefits on another day.

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.

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.

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. 

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Greed can be said to be a natural human religion but it is important to learn to control it. It is important to know exactly how an investor can fall into crypto and how to avoid it. Otherwise at any time this greed can turn the crypto track. For those who are new investors, it is better to collect golden eggs one by one not for all.

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.

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.

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.

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. 

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 .

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.

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.

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.
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.

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.

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.

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  .

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

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 🧑‍🦰

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.

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.

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.

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".

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.

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 not only a bad thing in crypto it's also in some religious groups, it's also known as a part of a"seven deadly sin" or a "cardinal sin".
That's an old but good story and AFAIR when I was a child, it's on the TV series that I always watched.

The same story in our real life, greed will put us in the worst position if we didn't think about it first before taking an action.
In crypto, we should think that investing is good for a long-term process not only for short-term purposes.  I believed investing in altcoins or those coins that under the pump and dump is being greedy which someday will put your fund at high risk and it could be lost without knowing you.

There is the lesson about greed, but I can also identify the meaning that we should not be impulsive and too quick with actions, we should always take second moments to rethink actions to be taken and if possible, get opinions on it before acting to avoid as much as possible the possibility of making bad and wrong decisions that you will get to regret. Just as we get good ideas in a moment, so also do bad ideas that you should not try come to you. Making impulsive decisions with your investment, increases the chances of loss.

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 is insightful, the country man got too greedy, and greed comes with a price and he paid for it.

Relating it to bitcoin is a smart one, as a bitcoin trader, you should know when to draw your curtains and not get too greedy, patience they say, is a virtue, and that should be what a every trader should have.

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.

This is a sad country man story, I feel for the loyalgoose who keeps delivering a golden egg each day who's loyalty was betrayed by the action of the countryman who allowed greed and unimformness lead him to great and unrecoverable loss.

Relating this to cryptocurrency investment is way two closely related factors that have really affected most cryptocurrency investors.

One needs to be loyal to any coin that has proven to yield profits and we should make up our minds about what we want if we are holding for long-term or just short-term investors.

Being short-term is to be highly calculating to know when to take profits and how to deal with risk and avoid greed.

The story of the countryman is that of high type of greed and he wants to get everything at once but ended up losing the source he was getting the golden eggs at least once in a day. Every person who is greedy will go that part eventually. If we compare the price of bitcoin last two months to what it is today, we can see it has added 3k, that is from 17k to 20k. Being patient is what a hodler needs and halving is yet coming, I think we may see high volatility this time with the rate of price increase.

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

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.

Good story we should learn from it that " Greed is curse ". Patience is the key to success when we apply it to Cryptofied. You need to get proper knowledge before doing anything and in cryptocurrencies, if you start before knowing the basics can get your all saving lost in some time.
Be smart learn before doing anything.

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.