Don't be too greed for more gains....

Luzin

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Quote from: ShowOff on April 15, 2022, 02:56:01 PM

But if it's bitcoin, then you certainly won't be said to be greedy because so far only bitcoin has been able to maintain a consistent increase from time to time even though several other altcoin also exist. But you should also consider taking advantage if it's worth it to you.

Indeed Bitcoin is a coin that has a higher value even though it has experienced a great decline. From some of my experience the cycle goes on all the time, so holding on to a few satoshis might be worth more the following year. But when it comes to altcoins by far the longest and most enduring is the ETH cycle it is very similar to BTC. Either with a new coin, maybe there is a potentially better one. But for this time I think if you are trading then the right type is scalping. Buy earn profit then sell.

Issa56

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Quote from: Masplanc on April 18, 2022, 05:31:20 PM

Many beginners when they start cryptocurrency trading newly they are always desperate to make more gains from trading but as time goes on they tend to learn from their mistakes. It's only few beginners who really understand the results of been too greed to make gains.

Most beginners don't understand what cryptocurrency is about, most of them just hear about trading and they also decide to start trading, they don't really have passion for it, which is really wrong, in Cryptocurrency trading if you are investing in altcoins you should always know when you will leave the market.

firmino10

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elysian.finance

the purpose of every business or investment is to maximize profit. at what level do we draw the line and know that we have made the desired profit?. do we set a target for ourselves?. most of these new coin might not stand the test of time,so why not take the little profit and make other investment. but we learn everyday. greed comes from a place of not being contented and the regret that we would have made more. so we ask ourselves how much are we investing and how much we hope to make. what's the selling and buying price. these are vital questions to ask ourselves

BD Crypto

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BTC Rocks

In crypto market trading have much risks to earn money. Because you have to know about price prediction and have to know about the proper time to buy or sell. Otherwise you will lose funds too quickly.

TreyARC

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The biggest investing strategy is buying a coin or token before FOMO kicks in, the mistake that many newbies keep repeating is joining the FOMO race once they hear something big about the project or when the hype is active, I've made same mistake before and I learnt my lesson, profits won't stay the same for too long, its always an opportunity that needed a fast finger attention, sell or dips will take over.

Rabi3

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Quote from: Chipard on March 30, 2022, 05:00:30 AM

I want to share my experience as a newbie in crypto....I started my crypto journey in 2021, and that year is very bullish as a starter which I could gain almost $6,000 or more if only I wasn't to greed for believing it will go more higher... those gains are almost from NFTs (games and airdropped), I didn't take profit even it reached ATH until it fall to the hell lol Grin

and some are turning to rugged tokens Sad

. Im too late to asked for advice here in forum ( https://bitcointalksearch.org/topic/are-nft-tokens-a-good-long-term-investments-5388154 ) and now its too late that I took my profit which is less than half lol.... my advice to newbies in crypto here is always take profit don't regret if it goes up, don't be too greed. stay connected here in forum for advices.

it all depends on people's goals and what they want to achieve, if you were happy with the profits you made, you should have sold it and celebrated with it, what i like to do personally is to take some of the profit that i got (a percentage that i am okay with) and keep investing with the percentage left so that if anything goes wrong i won't be devastated by, at least i got something out of it and gained some experience too.

Masplanc

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Many beginners when they start cryptocurrency trading newly they are always desperate to make more gains from trading but as time goes on they tend to learn from their mistakes. It's only few beginners who really understand the results of been too greed to make gains.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

Quote from: Mpamaegbu on April 11, 2022, 06:31:07 PM

~

Actually many people are thinking like that. It is similar to my experience when I was trying my day trading in crypto. Without me experiencing losses that day, I would not be able to know that I am not suited for day trading. I kinda learned still the technologies like RSI and Bollinger Band though.
It might not be directly that my experience in day trading kept me moving forward, but still I did not gave up in how can I earn at least in crypto. I just took another route in short which was going for long-term.

ShowOff

legendary

Activity: 2618

Merit: 1181

What you need to know is that there are a lot of new projects regardless of whether they are NFT or other altcoins that you shouldn't keep too long when you know that ATH has been reached. You should take profits and turn them into whatever asset has more potential because to be honest you will only see a drop in price over time.

But if it's bitcoin, then you certainly won't be said to be greedy because so far only bitcoin has been able to maintain a consistent increase from time to time even though several other altcoin also exist. But you should also consider taking advantage if it's worth it to you.

Blank-Head

member

Activity: 115

Merit: 28

Quote from: Chipard on March 30, 2022, 05:00:30 AM

I want to share my experience as a newbie in crypto....I started my crypto journey in 2021, and that year is very bullish as a starter which I could gain almost $6,000 or more if only I wasn't to greed for believing it will go more higher... those gains are almost from NFTs (games and airdropped), I didn't take profit even it reached ATH until it fall to the hell lol Grin

and some are turning to rugged tokens Sad

. Im too late to asked for advice here in forum ( https://bitcointalksearch.org/topic/are-nft-tokens-a-good-long-term-investments-5388154 ) and now its too late that I took my profit which is less than half lol.... my advice to newbies in crypto here is always take profit don't regret if it goes up, don't be too greed. stay connected here in forum for advices.

Excellent advice and worthy of learning from your experience, in addition to what you have given, I would like to chip it after the profit stopped, could give you better options and opportunities.

Issa56

hero member

Activity: 1484

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Quote from: dataispower on April 15, 2022, 12:10:15 PM

Quote from: Issa56 on April 13, 2022, 03:48:53 PM

You don't have to be greedy when holding a coin, you shouldn't keep on holding a coin because of what people say, whenever you are holding a coin and you are in good profit, always make sure you take profit, you might just sell like half of the coin or you might sell the amount you invested and leave your profit but you should always make sure you take your profit.

You can keep or hold coin that is relevant and any coin that is not relevant is not good to hold, before we talk of greedy in holding cryptocurrency we should ask of the quality of the coin if it is altcoins or bitcoin. Bitcoin is good to hold to any year you like because bitcoin always appreciate any annual.why altcoins is coin when we talk of greedy is were it manifest, if altcoins increase you and profit is being made you have to leave the market because altcoins appreciate some time and before it will appreciate again it will be like next two years. Altcoins is not suppose to hold for long time. Thanks you for the information, so this is scammers ways of taking away of our coins

You are very correct, actually always advise most people to invest in bitcon, if you invest in bitcoin no matter how long you hold it your profit will be increasing but you know some people prefer investing in altcoins more than bitcon, those are the people that are not suppose to be greedy for too much gain, but if you invest in bitcon then you don't have problem.

alik111

member

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That's why new users shouldn't trade before they have enough trading knowledge. Otherwise anyone can lose whole funds.So before doing any trade you must have knowledge about chart and project analysis.

dataispower

sr. member

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Quote from: Issa56 on April 13, 2022, 03:48:53 PM

You don't have to be greedy when holding a coin, you shouldn't keep on holding a coin because of what people say, whenever you are holding a coin and you are in good profit, always make sure you take profit, you might just sell like half of the coin or you might sell the amount you invested and leave your profit but you should always make sure you take your profit.

You can keep or hold coin that is relevant and any coin that is not relevant is not good to hold, before we talk of greedy in holding cryptocurrency we should ask of the quality of the coin if it is altcoins or bitcoin. Bitcoin is good to hold to any year you like because bitcoin always appreciate any annual.why altcoins is coin when we talk of greedy is were it manifest, if altcoins increase you and profit is being made you have to leave the market because altcoins appreciate some time and before it will appreciate again it will be like next two years. Altcoins is not suppose to hold for long time. Thanks you for the information, so this is scammers ways of taking away of our coins

Smartvirus

legendary

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You know, greed is one emotion that is so difficult to tame for one that haven't experienced much loses and even at times, for those who did but failed to learn from there loses. To tame this, one needs to establish certain principles and live by them. There are those that sets a stop lose or take profit and should they monitor that its about to be hit, they adjust a little farther because of the little tips they want to get off the market.
It's one way to entertain greed and it could catch you when you least expected. Whole profiting, you could take put your capital and let the profit work for you. Humans are insatiable and that's a greed factor in everyone but your principles is all that could save you!

Issa56

hero member

Activity: 1484

Merit: 928

You don't have to be greedy when holding a coin, you shouldn't keep on holding a coin because of what people say, whenever you are holding a coin and you are in good profit, always make sure you take profit, you might just sell like half of the coin or you might sell the amount you invested and leave your profit but you should always make sure you take your profit.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

I'm one of those few people who believe that experience is a better teacher than knowledge, while hoping that my experiences don't turn out sour or bad. Whatever that happens directly to us is an experience that leaves an indelible mark on us. It's a better way to learn. Now that you've experienced it first hand that profit made can still evaporate if it's not taken off the table, I bet you won't allow that to repeat itself. In cryptos, it's not yet calculated as profit until it's taken out. Every veteran here will tell you that from experience. Next time, do a partial profit taking. You can take off 50% at a go and watch it run. If you're still not sure price will rise more, you can do another percentage taking like 20 or 30. That way, you won't lose.

ultrloa

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Quote from: Gosgosking on April 11, 2022, 05:46:39 PM

It is risky to accumulate profit. Anything can happen without any notice, what ever that brings profits traders are always advised to remove profits. Sometimes ago I loss both my capital and profit due to greed, I was adamant of taking away greed, if I had taking the profits it would have been more better than loosing every thing.

This is why we need to stop listening to people who always tell about more pump to come and mostly we can encounter these people on telegram and discord so I always shut those media channels when I trade so that I can always focus on my targets and can able to take the profits without getting bothered about more possible pumps. People always think profit is still profit and its good to accumulate rather than losing our money.

Gosgosking

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It is risky to accumulate profit. Anything can happen without any notice, what ever that brings profits traders are always advised to remove profits. Sometimes ago I loss both my capital and profit due to greed, I was adamant of taking away greed, if I had taking the profits it would have been more better than loosing every thing.

Proro

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Nice advice, greed is something most of us take for risk sometimes, when you tell such person it's greed he or she always see you as someone who can't take risk.

Actually there is difference between risk and greed.

Hyphen(-)

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Greed is one of the major elements that contribute to the loss of the first profit, as well as the whole loss of the profit and investment.
The advise is always the same: accept what little profit you have and move on, or wait for a better opportunity to invest more.
It's too greedy to expect a coin you invested in to multiply 20 times or more.

Topic: Don't be too greed for more gains.... (Read 542 times)