Topic: Don't be greedy at this time. (Read 1670 times)
Buying coin when it is already in a pump situations or in a high price is not suggested by the expert, but there are so many people that is greedy and they buy coin in a high price because they wanted a huge profit in a short period of time well that was thier way of making profit, but that is quite risky than buying in a low price coin, so i also suggest not to buy coin if the coin is already in a high price to avoid losses.
Newbies should rather learn some technical analysis to make better choices and reduce their losses instead buying blindly. There is guideline to trading and you need to follow it to the core. Anyone that hasn't bought enough at several dips we have overcomed shouldn't buy at this pump season. Just like the saying '' buy low sell high''. And not the opposite.
This is what I think as well, even if I think the price can grow more this is not the moment to buy anymore, the risk is simply too great for inexperienced investors, maybe they will get lucky but most likely they wont as even if the price kept growing newbies and their lack of financial education will come back to haunt them and they will lose money anyway, so it is better for them to use this time to learn how to trade and then invest in bitcoin once there is a significant correction. Buying coin when it is already in a pump situations or in a high price is not suggested by the expert, but there are so many people that is greedy and they buy coin in a high price because they wanted a huge profit in a short period of time well that was thier way of making profit, but that is quite risky than buying in a low price coin, so i also suggest not to buy coin if the coin is already in a high price to avoid losses.
Many people would like to grab every opportunity when bitcoin's price is pumped up, that is why they always make a bad timing when buying a bitcoin, and will just end up having losses when bitcoin's price suddenly goes down after increasing its price. People should definitely learn how to control their greed and practice to make their own strategy so that they will not make a quick and unsure decision, and to have huge losses. 
Greed is something that destroys us so we should avoid greed. People fail in business because of greed. And if you fall into this, you will expect worse. We must improve our business skills, one of which is to control our emotions while trading. The most important thing is that we do not repeat the same mistakes .
I'm saying for them they are newbie in trading platform. Don't be greedy. You see it that coin is going to pump and pump and you Think you should buy this coin.. Firstly Don't do it. And at this time all coin is pump so do not do it.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
Despite of the green market encountered right now, I still prefer to hold my btc and xrp coins. Corrections hasn't yet happening, I can't afford to lose what I have recently that's why it's so important to plan for every steps before perfect market will happen. Learning process takes months or even years, and if I'll be greedy I am not helping the community but rather contribute to the market drop down.
Its really a good advice but we're in the middle of the pandemic some of us really want to take the risk of being greedy but I think being greedy is not a problem if you know the price will go up and you will take profit.
It is a problem no matter what.
I know that there are a lot of people right now that are so desperate to earn, the fact that there are a lot of people scammed in our country because of the schemes they've thought would give them profit during the lockdowns. I know that we are all desperate but we should always remember that we should not be used by our emotions in these circumstances. We should think about it and act based on it. If we can't do it alone, there are a lot of people that would help us.
I'm saying for them they are newbie in trading platform. Don't be greedy. You see it that coin is going to pump and pump and you Think you should buy this coin.. Firstly Don't do it. And at this time all coin is pump so do not do it.
But if they follow you then still waiting up to now, and besides it is not being greedy ,that is a risk taking to invest even in Pumping market , Look when you posted this the price of Bitcoin is around 22,000-23,000 and look at it now?29,000$ meaning if they vested then they have 25% increase as of this moment and what if the price continues to 50k this year? that is more than 100% increase.
Quote
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
But you are correct because not all the time market will Make this movement ,it is better that we have knowledge and we have and we have defenses Like Stop loss or certain margin when to Sell out. Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
When it comes to cryptocurrency you don't have to be greedy or u might endup losing both ur profit and your capital, you should always know when to exit market and always make sure you use stop lose when trading!!!
Sometimes it's just irresistible to not execute a trade when a coin keeps pumping even when all speculation and prediction fails, a user or a newbie trader just goes all in with all money he has and purchases a coin/token in the hope that it will give them returns but mostly they lose rather profit. The only profit you can make in a volatile crypto market is achievable only when you hold your crypto for the long term. Only then you will be having enough profits to feed your satisfaction and greed. Else, just executing trades will give you an average profit and mostly losses.
You know the reason why some of the people became greedy? I think the reason sometimes is when they hear something in the telegram or other group apps spreading the FUD about the coin that will pump, and several of the community got hyped on it then they buy the coins
that it has been mentioned in the above, that's what I thought.
Newbies should rather learn some technical analysis to make better choices and reduce their losses instead buying blindly. There is guideline to trading and you need to follow it to the core. Anyone that hasn't bought enough at several dips we have overcomed shouldn't buy at this pump season. Just like the saying '' buy low sell high''. And not the opposite.
It's always a bad idea to buy altcoins when they are pumping, newbies don't just get the whole idea, the best time you can buy a coin is when thy are cheap in value and that only happens when market is in bad shape, the whole trick is getting the coins cheaper
Which is why we must concentrate on finding good coins, if you find a good coin and you do so for a good price and you buy then it is just a matter of time until the coin goes up in value, but the problem with that is that for the most part most of the coins in the market are scams or bad projects, which is why for the most part people prefer to concentrate in bitcoin, which is fine but there are moments in which it is a bad idea to buy, like right now in which the best strategy seem to be just to hold whatever amount of bitcoin you already have. I'm saying for them they are newbie in trading platform. Don't be greedy. You see it that coin is going to pump and pump and you Think you should buy this coin.. Firstly Don't do it. And at this time all coin is pump so do not do it.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
Yes, crypto trading is more difficult and seperate from others trading. Here, anyone have to select a token by portfolio and seeing the work from team not to see the pump or dump. Ya, sometimes have to buy dump season when its future is good. So analysis is main thing in trading time.
I'm saying for them they are newbie in trading platform. Don't be greedy. You see it that coin is going to pump and pump and you Think you should buy this coin.. Firstly Don't do it. And at this time all coin is pump so do not do it.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.
That's a good advice from a newbie to the newbies. Even I had took part in pump and dump programs when I was a beginner and eventually ended up losing significant capital from my portfolio.
At the end I had to quit pump and dump schemes and decided to do my own research and invest based on facts and figures.
So yeah, investing blindly just because the coin has been pumping is definitely a bad decision.
In trading you have to be able to handle your emotions from fear to greediness or meekness. You need to be a brute trader to be consistent; you have to learn and understand when to take profits and not be greedy, and also when to quit a trade and not be stubborn to hodl on to rekt. Always do your own research.
It's always a bad idea to buy altcoins when they are pumping, newbies don't just get the whole idea, the best time you can buy a coin is when thy are cheap in value and that only happens when market is in bad shape, the whole trick is getting the coins cheaper
Whenever people talk about greed, I remember the "greed is good" speech by Gordon Gekko, it is a movie obviously but it does explain to you what the insides of financial world is like. I think greed could be used very well, greed is not just about money neither, greed is about wanting more than what you have, and even more than what you need, greed for art, greed for knowledge, greed for love, they are all possible things and could be used alongside of greed.
In crypto world you could always be greedy in a healthy way, you should not go risk everything you have in a 100x leverage for one shot, that is the kind of greed that is bad and I would say stay away from that, however there is also a greed that is acceptable as well, like wanting more and more bitcoin, going into bitcoin heavily without making debt, those are nice kinds of greed if you could stay there.
There is a difference between ambition and greed, you are actually talking about ambition which is the natural desire to improve ourselves and our lives, ambition is good since it lead to great things, greed in the other hand is a never ending desire to get something and once reached to want even more, this is why it is discouraged because it never leads to anything good, at the beginning it may seem to do so because it has similar effects than what you see with an ambitious person, but over time you will see the difference as an ambitious person can have a healthy and diverse life while the greedy one only cares about still getting more and more of whatever they desire.In crypto world you could always be greedy in a healthy way, you should not go risk everything you have in a 100x leverage for one shot, that is the kind of greed that is bad and I would say stay away from that, however there is also a greed that is acceptable as well, like wanting more and more bitcoin, going into bitcoin heavily without making debt, those are nice kinds of greed if you could stay there.
You cant tell that ambitious peoples wont really be falling into the category of those who are greedy.It does depend on self awareness on how someone will able to control himself for him to follow
on what he had planned nor set earlier when he was just starting up.Most of us will definitely be forgetting on what we are aiming and do set when we had just started.
There is really a time that you will really be just longing for small potential gains and you said to yourself that you would really be contented with that and when the actual situation do happens
then thats the start of the changes yet your emotions will be one of the common factor that will affect on what you had planned earlier.
You should know on how to handle up and be prepare on what would be the possible situations that you might encounter along the way.Being greedy is normal but you should really be
controling into a certain extent because if you do let that greed control you then that would really be creating a series of problems.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
The hardest part in human nature is to control greed. The people who are in this space for years learned that greed is a really bad thing and tried to get rid of it. But for new people it will be a hard challenge.
Yes, controlling greed needs time to learn, and not many people can do that. Many people have fallen because of greed, and we must know how to avoid greed. As long as you can make a profit and know when to close your trade, you will not lose the chance to make a profit. But if you miss a time to sell because of chasing the profit, sooner or later, you will forget about making a profit while you can.
~SNIP~
The hardest part in human nature is to control greed. The people who are in this space for years learned that greed is a really bad thing and tried to get rid of it. But for new people it will be a hard challenge. Indeed, experiences will nurture oneself to be able to control such emotions such as greed in different situations as you may know the consequences of the actions you take. Having this control can contribute to your future status, and take the probable risk that leads towards your goal and plans. But being experienced doesn't mean that you're not at risk of falling to greed, cause there would always be times that tables turned the other way, against on how we anticipated it.
Greed is something that we can't remove but can be controlled. Most especially when it comes to crypto investment and even trading, greed is definitely the most powerful enemy of a trader that puts him into losses once not avoided. If we can make profits with the current market value, then why not grab it. Longing for something much bigger profits is good but definitely not advisable in trading cryptos.
It is better to control our greedy before it's too late because we already see many people or traders lose their control in trading. A wise trader will not chase the profit while he knows the profit in his front, and he will take that profit while he can try to make another profit later. We should know when to profit, especially if we can see that opportunity before that thing is gone.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Greed is something that we can't remove but can be controlled. Most especially when it comes to crypto investment and even trading, greed is definitely the most powerful enemy of a trader that puts him into losses once not avoided. If we can make profits with the current market value, then why not grab it. Longing for something much bigger profits is good but definitely not advisable in trading cryptos.
It is better to control our greedy before it's too late because we already see many people or traders lose their control in trading. A wise trader will not chase the profit while he knows the profit in his front, and he will take that profit while he can try to make another profit later. We should know when to profit, especially if we can see that opportunity before that thing is gone.
Jump to: