Don't be too greed for more gains.... - page 3.

Yamifoud

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Quote from: Luzin on April 03, 2022, 06:00:03 AM

Quote from: nurilham on April 02, 2022, 06:21:51 PM

but besides that we also have to learn to understand and analyze the crypto market so that we can read the moment and determine when we can sell or buy crypto.

When trading many people find it difficult to determine when he exits the market. This is because they don't understand and maybe they have too greedy targets. Learning takes time, I think it takes a process. I'm sure it's because it's related to emotional and mental control. Since I've experienced that, it's very difficult to master that.

Perhaps, we all have carried that every day. I admit I'm greedy, I knew it but because I could manage properly, it never gives me a problem. Emotional and mental control, all it depends on what we think. Our mindset becomes more influential as we think more about earning big. Thus, if we are just contented with earning small that is not a problem, however, it was not our ambition. In fact, we work hard, we extend our patience, and that was because we wanted more, and I believe it was not greediness, it is just our goal.

Luzin

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Quote from: nurilham on April 02, 2022, 06:21:51 PM

but besides that we also have to learn to understand and analyze the crypto market so that we can read the moment and determine when we can sell or buy crypto.

When trading many people find it difficult to determine when he exits the market. This is because they don't understand and maybe they have too greedy targets. Learning takes time, I think it takes a process. I'm sure it's because it's related to emotional and mental control. Since I've experienced that, it's very difficult to master that.

nurilham

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Rushing and being greedy will only make us panic and get a lot of losses because we can't think clearly. Based on your experience or my own experience, having been in a hurry and greedy in managing crypto assets made me more aware and learned that all of this requires careful thought and caution. learn to control your own emotions so that we are not affected by the ups and downs of the crypto market. Do it calmly and patiently before deciding to buy or sell crypto. but besides that we also have to learn to understand and analyze the crypto market so that we can read the moment and determine when we can sell or buy crypto.

Oceat

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This is what actually happened to my friend who regretted after taking so long to take some profit since I always told him to sell it already because NFTs nowadays aren't gonna last long but he insisted that it will still pump a little bit more that's why he still holding but unfortunately the price suddenly dump and he lost the chance to sell it on ATH. And now he's still hoping that it will still pump even a little more but that's not gonna happen I told since it's already a rug pull.

Moral of the story – don't be too greedy and sell some to take some profit and that's what you called minimizing the risk of losing.

CryptopreneurBrainboss

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

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.

Firstly stop investing in crabs just because they have a very nice graphic and they get shilled to be the next big thing. Avoid falling for this crabs and you would not have issue just buying and holding onto fundamental projects like Bitcoin without having to bother about knowing when to take profit so you don't lose your investment capitals.

99% of the NFT currently existing will lose value in the next couple of years, while others will turn out to be scams. Know this and you won't be excited by them. They aren't no different from the hundreds of ICO that got launched in 2017 but are no where to be found in the market today.

Shamm

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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.

Viscore

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Quote from: Hypnosis00 on March 30, 2022, 05:33:55 PM

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

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.

Greediness is somewhat hard to control especially if you are living it. Of course, you can easily just think we can but the moment has come, when the price spikes, we just even think there is more. We commonly just say "don't be greedy" but in most cases, "we then just fail to follow".
Don't be greedy? unless if we don't need money.

As being an investor, we certainly live with this, we want more and that is why we risk more. For me, it wasn't bad for as long as you know how to manage it.

Greed is part of a human behavior and so its always inevitable and hard to control. And they say learn to be greedy when others are fearful. However, in crypto investments, greed is something that most of the time it does not help at all. Because of greed, we mostly end up losing the profits we expect to receive. Although investors are born with greed, but its better if we can learn to control it. And by selling every time we see good opportunities to make profits, and manage the risk, we can somehow control our greed. Though greed is not bad at all, but once not properly managed, it will result into huge losses.

Asiska02

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Nice, thanks for this advice. This also happened to someone I know that lost almost everything because of greed and wanting the price of the coins (altcoins) he had then to pump up. He lost about 70% of $5000 over a night. He still sees that as a nightmare till date. We learnt from that mistake he did then, we felt sorry for him but he just had to let go and face the market more as he had understood and learnt his lessons. That was really an eye opener for us all.

Ahli38

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your experience is exactly like mine. I also lost half of the profits I should have earned due to my greed and belief that the project I was involved in would continue. but it turned out that the project had no improvement and was monotonous even the investors ran out and sold the tokens. so the price drops drastically.

but from that experience I realized that investing in crypto or in tokens or coins whose fundamentals are weak should not be for the long term. enough to just make a profit and go.
and put away greed with all false hopes. because it can be devastating.

pakhitheboss

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NFT hype is slowly going down and in the coming days, the tokens related to those projects might well not be heard anymore as they won't have any value. If you had invested your time in acquiring Bitcoin then your greed would have been justified here. Anyways greed does cause a lot of problems such as scammers are always on the hunt of finding people who are greedy.

examplens

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I would change the subject of this topic to "Don't be too greedy for more gains, sold shit coins/tokens/nft, the end will come suddenly and will end quickly"
the most frequent scenario in most cases is when we talk about tokens without real support.
waiting for even better value is a way of thinking that is ok for all long term holders, but it is done with major coins. certainly not for tokens without special use value, nor most NFTs. Especially not something that is so easily given out, airdroped to random people.

Doan9269

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The truth remains that we all in one way or the other exhibit this greediness attitude of a thing knowingly or unknowingly to us, why is because human needs are insatiable and we all tend to use force on things that are meant to occur naturally, what makes many loose the entire profit to loss lies in doing things without caution, that's why too much of everything is said to be bad.

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Quote from: Finestream on March 30, 2022, 06:14:55 PM

Quote from: maydna on March 30, 2022, 11:23:34 AM

~snip~

Greed is nothing but a selfish desire one has to avoid. Because it can only lead us to losses. But if we can stay away from being greedy, we will start to acknowledge every single opportunity that comes. And making profits regardless of the amount is one thing that we should start doing than to wait for a higher price and yet, end up still losing. The only important thing in crypto investment is know when to buy and sell, that way you will never be facing huge losses at the end of the day.

Yes, that's correct. That is why we really need to control that greed that can prevent us from withdrawing the profits we have seen. Without controlling greed, we will surely be too late to react, which will result in the loss of profits that we should be able to get. We have seen how many people do not control themselves when they see the price go very high and do not close the trade immediately but want to get higher profits. Maybe it's not wrong, but we have to see the situation and conditions first so that we are not too late to decide.

qwertyup23

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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.

Experience is definitely the best teacher. No matter how much we advocate HODLing, until we are in that kind of situation, we will never personally feel the need and to learn from our mistakes if we did not stumble during your journey.

What happened to you OP was very unfortunate but that will serve as your backbone and foundation in investing again. Greediness can absolutely destroy your investments especially if you cashed out in a different time. While being greedy is not wrong perse, it is still better to create at least a contingency plan on how much price you are willing to stoop down before you cash them out or sell next time.

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

-snip-

Mistakes can be a very good experiences. And experience is the best teacher for us.
We have been talking so many times right here about what to do and what not to do. And greediness is one of the things that we must not put and must avoid in the crypto world. We don't need something super high enough by expecting the skyrocketing more and more even it has been reaching our target. Once you are falling down to the greediness, you may end up your life. Greedy will not be good at all, even at certain things that relate to picking new coins. Greedy is one of the most difficult thing to handel, but we must be able to handle it.Set a good target in order to avoid the greediness come into us

Finestream

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Quote from: maydna on March 30, 2022, 11:23:34 AM

Greed will give us nothing but prevent us from taking advantage of what is in front of us. Many people have experienced this, and we should not be like them and can always restrain ourselves from being greedy and taking advantage when the time is right. If you have regrets about your experience, you don't need to repeat it because you will not get the benefits you want.

Try always to take advantage if the price can go up two or three times to enjoy that profit, and you can also buy the coin or token later if the price drops again. If you can do that, you will always be able to take advantage at the right time.

Greed is nothing but a selfish desire one has to avoid. Because it can only lead us to losses. But if we can stay away from being greedy, we will start to acknowledge every single opportunity that comes. And making profits regardless of the amount is one thing that we should start doing than to wait for a higher price and yet, end up still losing. The only important thing in crypto investment is know when to buy and sell, that way you will never be facing huge losses at the end of the day.

decodx

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

.... 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.

This is actually quite common for newbies and we have all been in that situation. I was the same and it took me a while to "adapt" to the market but the important thing is that you don't panic! Take profits when you're close to the top and not when the pump is at its end. (try to sell before any price target is reached).

dataispower

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Actually in cryptocurrency investment the only thing that affect investors is the ability of monitoring their Profit and loses, some people really know when their are at lost but because of greediness they fall back to the zero that can affect their capitals, the best way of investment is not being greedy into investment, at least any profit you make at particular time you cash it out until it get to equivalent to your capital, after your capital is up to round some, you can leave investment for so long

Hypnosis00

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

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.

Greediness is somewhat hard to control especially if you are living it. Of course, you can easily just think we can but the moment has come, when the price spikes, we just even think there is more. We commonly just say "don't be greedy" but in most cases, "we then just fail to follow".
Don't be greedy? unless if we don't need money.

As being an investor, we certainly live with this, we want more and that is why we risk more. For me, it wasn't bad for as long as you know how to manage it.

Kasabus

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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.

Being greedy is never a good thing when it comes to investing and even in trading. That will stop you from seizing all the opportunities that is coming in your way. Always take time to sell and make profits if you see positive chances no matter how small it is. Being contented will help you to overcome your greed and you will start to chase every opportunities that have signs of profit making. As long as your not seeing yourself losing, that's a good sign that you are still profitable even with small amount of profits.

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