Topic: Don't be too greed for more gains.... - page 2. (Read 542 times)
That's FOMO ( fear of missing out) when you buy or acquired NFTs that many people did buy or acquired when it becomes trending or reaching ATH at that moment. There are some times that when we have our balance have grown then we still want to wait for it to grow which is a sign that you are starting to get greedy. It's part if our nature that sometimes even those who are not greedy will become greedy when in a dire situation. In my opinion, this will be your lesson why being greedy is not good and even though you're in a dire situation is you should not become a greedy person.
Greediness has been one of the biggest challenges of man right from the time of creation, same greedy led Adam to eat the fruit of knowledge of Good and evil in the garden of Eden. Right now it's still the same challenge most investors and traders are facing in this volatile market. I've been a victim of it several times and I knew what it cost me, Until I put it under control. In summary of my point, it's in you to rule your world of greediness and put it under total control hence you're gonna get recked.
Many people are successful in crypto but they can't catch it. The main reason for this is the greed that drives you towards Destruction. Everyone should remember that there is no end to what people want. From birth to the moment of going to the grave, they will just keep asking for getting more and more. So try to be satisfied with little. You will be successful.
In most cases, such mistakes are more common among new traders. You must research particular assets. You have to analyze how logical your request is and you have to ask accordingly.
In most cases, such mistakes are more common among new traders. You must research particular assets. You have to analyze how logical your request is and you have to ask accordingly.
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 
and some are turning to rugged tokens 
. 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. 
Treat it as one of your mistakes from wrong decision making. This is very common, and we all fall in the same result, losses. But what is more important is that you learned your lesson and for sure, you won't repeat the same mistake again. and some are turning to rugged tokens . 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. Greed can sometimes create positive results, but in most investments, its definitely very unhealthy and sometimes detrimental. So never be ruled by greed, sell when there is good opportunity, and lastly, be contented even in the small profits you gain. As long as you're not losing, you have nothing to worry.
In my little period learning and practicing trading (mostly on demo account), I've learnt to deal with greed, the last time I traded on FX, I blew my demo account because I was greedy: I've been trading using the strategies I've learnt and I've been able to manage my trades but suddenly I started having interest in following someone's signal cause the guy always post his trade profits, I was surprised that the first of his signal that I would follow cost me my demo account, I blew the account in few minutes, I ought to have opted out of the trade but I felt his signal couldn't fail and I was going to make a huge profit if that trade had gone has predicted, but I lost! My demo account that I've built with confidence for months vanished in minutes. It's not easy because we are humans, but learn to control yourself, learn to control your greed!
I have met people who buy many coins at the same time and then lose all. They do not analyse what is actually going on in the market and they buy them just because they heard someone saying buying cryptos will give them profits.
Yes you're right, going through a thorough research is very important, not that one has to believe any news released online about coins but your personal conviction will discern wether to invest or not, although our personal greediness also contribute to many loosing their investments, some coins can be successfully launched and last just for few months before folding up, for those that are smart enough to withdraw their coins before it crash will realize profit while those that are greedy enough to wait longer for the coin to eventually rise higher fall the victim and the value run down to the lowest level.
I have met people who buy many coins at the same time and then lose all. They do not analyse what is actually going on in the market and they buy them just because they heard someone saying buying cryptos will give them profits.
The thing is you need to be satisfied with the profits you are having because there are always chances that it will go up or down so we can't always regret it.Some people will become greedy as you said and not sell their altcoins when prices are rising but then after it is dumped they regret their decision.The base for most scams is also greed as you fall victim to some attractive offers and lose control over your funds.So avoid this and gain profits if you can.
If you are too greedy, you will fall into the arms of liars, and where there are people, there will be politics, there will be rulers, and the greedy will be taken advantage of.
For me, this always becomes one of the basics of trading, moreover if we are new to this. We cannot guess the exact oredicrion by 100%, that is why we are better to prepare every probability that may happen.
In my opinion, it is better for me if I am setting profits in some levels based on the price increase.
But, I will also commonly take a note that it is better to at lease save the capital at least, and let others to be the price target of takong profits.
In my opinion, it is better for me if I am setting profits in some levels based on the price increase.
But, I will also commonly take a note that it is better to at lease save the capital at least, and let others to be the price target of takong profits.
The concept of trying to use one stone to kill all the birds in the forest is what normally causes this late "Had I known" regret. Because at times when the price of a coin get pump so high they tends to get carried away and forget actually how this things work, because whatever goes up most surely comes down. And that's why it's good to always have an investment goal.
Plan + execution = successMany people have their plan or goal, however, there is no execution has been done which makes this useless. Greediness is very common to most of us, we believe this is the reason for our losses and regrets. Mostly we got out of our plan because of the influence of our mindset and mostly we missed selling our coins during ATH as we usually think about more profit. I don't believe it was wrong but in this kind of market, the volatile nature and fluctuating prices went it wrong.
The concept of trying to use one stone to kill all the birds in the forest is what normally causes this late "Had I known" regret. Because at times when the price of a coin get pump so high they tends to get carried away and forget actually how this things work, because whatever goes up most surely comes down. And that's why it's good to always have an investment goal.
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 and some are turning to rugged tokens . 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.
You got 6000 dollars just from NFT airdrops? Care to elaborate? and some are turning to rugged tokens . 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's always the hypes to be honest. Regardless of what type token is it in the future, it will always be about hypes for obvious reasons of number of contributions plus the demand of course. NFTs here in my country won't just die, maybe due to how interactive and "fun" it is to have that "play to earn" concept and not just all charts and graphs of sort.For shitcoins, it's not for the faint hearted people.
Some people are so greedy that they want to take over the whole world.
But some people like me work hard all day to earn enough money for education.
I do not have time to get deeper and deeper into Bitcoin technology.
So it is better to help others instead of increasing your assets.
They do not feel enough of what they've got so they want to look for more.But some people like me work hard all day to earn enough money for education.
I do not have time to get deeper and deeper into Bitcoin technology.
So it is better to help others instead of increasing your assets.
As long as it doesn't conflict with what they want to get and doesn't use improper means, they can be like that to get what they want.
You can also look like them as long as you can divide your time between making money for education and preparing for your future.
Everyone has the same opportunity and it depends on how that person will use it.
Helping others is great but you should also prepare for your future by adding more to your assets for your future.
Some people are so greedy that they want to take over the whole world.
But some people like me work hard all day to earn enough money for education.
I do not have time to get deeper and deeper into Bitcoin technology.
So it is better to help others instead of increasing your assets.
But some people like me work hard all day to earn enough money for education.
I do not have time to get deeper and deeper into Bitcoin technology.
So it is better to help others instead of increasing your assets.
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 and some are turning to rugged tokens . 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.
and some are turning to rugged tokens . 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. My advice to newbies is different from yours.
Taking your case as an example, what I advise them to do is to first get informed about personal finance, and with basic concepts such as having a contingency/emergency fund, risking only the money they don't mind losing or diversifying the risk.
What you say has all the characteristics of an impulsive person who knows nothing or little about personal finance and investment, who because of this ends up investing in the coolest thing of the moment (high risk, of course), and who ends up losing everything.
Better to take your story as an example so as not to repeat the same thing.
We are all people who commits a mistake in our lives, don't worry mate cause every mistake we made there are many lesson we learn and as a normal person it's a normal that we feel greedy sometimes in order to gain more but we must focus and think that greed is not the best way to practice it's better to think smarter and relax our mind if we feel greed cause green can not gain us what we want. Sometimes when our bad luck had come greed will bring us to loss.
True. Our mistakes is responsible for the height we have reach, mistakes makes us to be stronger and achieved much. Greed has killed so many good trade, sometimes what makes us to loss money in trading is having too much confidence of making more profits not just greed alone.
Greed is the main problem and prevention to gaining profits from cryptocurrency. Recently I have learned a costly lesson. Although this isn't the first time, lost this way previously as well. Invested again on a shitcoin but didn't sell in profit, but suddenly it become useless somehow. So taking an exit when you have a good profit is a better decision always during crypto trade or holding. Just don't be greedy to make more money or become a millionaire overnight. This is a big problem in the cryptocurrency world that we have to play with carefully.
Its always happen with when a crypto use not analysis about market condition i also lost lots of money because of this reason. But sometimes i remember about 1 days when i lost 1.5 k just because of buying and selling one token without understand the process on pancakeswap!! Even though this token made 10 to 20x after i lost this. Just only because of greed and without dyor!!
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