Your experience highlights an important lesson for anyone investing in cryptocurrency: it's important to do your research and avoid being driven solely by greed or fear of missing out. While it's certainly possible to make money in the cryptocurrency market, it's also highly volatile and subject to rapid changes in value.
In order to minimize your risk and increase your chances of success, it's important to approach cryptocurrency investing with a long-term perspective and a diversified portfolio. This means carefully researching each coin or token before investing, keeping up with market trends and news, and avoiding the temptation to make impulsive decisions based on short-term gains or losses.
By staying informed, being patient, and avoiding excessive greed or fear, you can increase your chances of achieving long-term success in the exciting and ever-changing world of cryptocurrency
Topic: Excessive greed is detrimental to investment (Read 1724 times)
We have a same faith towards crypto investments and due to greed I did not make profit from the last crypto bull market 2021 until it crashed down and it go down with my investment as well. I hold too much that's why my portfolio is down 90 percent and al I have to do is to wait for another bull cycle so that I can get my investment back or even take a little profit from it. I learned a lesson that always take a profit and always be contented no matter what may profit, big or small.
Lessons for those who are new to the market when they are inexperienced to control assets to avoid more losses. I see that it is not only you, but in the past because I was too greedy to be engrossed in ICOs because of my belief in profit, I have lost a lot, but failure will make us stronger anyway. And hopefully you will also see the market movements later but that, and build yourself a good strategy, never fomo follow someone but always do your own research, and be satisfied with the results goals you set out earlier.
We have a same faith towards crypto investments and due to greed I did not make profit from the last crypto bull market 2021 until it crashed down and it go down with my investment as well. I hold too much that's why my portfolio is down 90 percent and al I have to do is to wait for another bull cycle so that I can get my investment back or even take a little profit from it. I learned a lesson that always take a profit and always be contented no matter what may profit, big or small.
There are tough times for crypto investors. There are those who lost all of their investments. I think 14k usd has been a very good experience, at least you still have assets. If it's money you forgot, there is a possibility that you will return to your old money when the time comes. But this is a little bit of the next rise time of your assets, how they will work, there are a lot of factors whether they can do good marketing.
The problem I can see now is the survival of these tokens that OP is holding, will they survive through this bear market? That is the most worrisome question, PYR is doing fine but I am not sure of other projects like Myidenitity coin and the other, if I am OP I would sell and reinvest in the better projects, he can make more than that 14k in a bullish market. 
There are tough times for crypto investors. There are those who lost all of their investments. I think 14k usd has been a very good experience, at least you still have assets. If it's money you forgot, there is a possibility that you will return to your old money when the time comes. But this is a little bit of the next rise time of your assets, how they will work, there are a lot of factors whether they can do good marketing.
It's okay to be greedy as long as you still have some logic in your investment decisions, if your greed actually gets to you causing you to miss so many opportunities. generate good returns just because you think their value might increase more than your greed will actually bankrupt you.
Having an understanding of what bitcoin could do for you is not an excessive greed. You could hold it longer than you should, you could ignore the 60k+ price and keep holding it, while it goes down to under 20k and people could say you made a mistake, but when the time comes you will be the one laughing with all of your money.
Sure, if you were good enough trader to pick the top and pick the bottom and keep trading that way you would be rich, but you could make a mistake while doing that, you could sell or buy at wrong prices, what if you saw it go from 10k to 40k and sold? then it goes to 68k? Or what if you buy when it goes down to 35k and it goes to 16k? Holding is the better version of all of this.
Sure, if you were good enough trader to pick the top and pick the bottom and keep trading that way you would be rich, but you could make a mistake while doing that, you could sell or buy at wrong prices, what if you saw it go from 10k to 40k and sold? then it goes to 68k? Or what if you buy when it goes down to 35k and it goes to 16k? Holding is the better version of all of this.
Everyone is greedy but most people see this from the wrong angle, those Shibainu guys, that turned a few quid into millions, are greedy? those that hold on to BTC for years before selling are they greedy? Greed is good but you need to believe that the coins or the tokens that you are holding are the next big thing, this is why you need to do your own research and stop waiting for these influencers to spoon-feed you because they are there to dump on you. I still believe there are still many 10X, 20x, 50X, and 100x in the space currently but you need to find them and research them, hold them with strong conviction not all of them will survive but if you find 10 gems, and invested $100 into each that makes it $1000 investment and just 2 of the 10 gives 2x, you have 2X your investment and some will dump but most will do 2X at least. The most important thing is to have a goal, if it is 10X you want from your investment take profit and let the rest run, this is very important pay yourself
Basically, greed is already a bad virtue, excessive greed will only get worse. It adversely affects human nature, not only in investment, it makes people easy to change by greed, selfishness, ambition and has the ability to make people become cruel and cruel. Every problem has two sides - and the consequences of greed are manifold. "Be greedy when others are fearful and fearful when others are greedy" - Warren Buffett.
In investing, excessive greed makes people want to achieve more, higher but lose their sanity. Anyway, greed is sometimes good, but it is also very dangerous.
In investing, excessive greed makes people want to achieve more, higher but lose their sanity. Anyway, greed is sometimes good, but it is also very dangerous.
Shitcoins? To be honest, I never thought of profit when I heard about shitcoin. I don't deny that there are indeed shitcoins that will provide benefits. But the percentage may be 1 in 100 or higher than that. A lot of the shitcoin projects I've come across have ended horribly, and only a few have provided investors with profits and those only lasted for a short time. For beginners I would not recommend them to invest in shitcoin, in my opinion it's the same as plunging them.
There are way too many people that way. Look into all the coins and tokens that have 10 million dollars or less marketcap, and look into their groups and you will see that there are tens of thousands of people from all around the world that are looking to make some sort of profit with the shitcoins they are shilling. Obviously it is not going to happen that easily, but that doesn't mean that it would be a smart decision at all, it would be basically one in a million chance and they are looking to be that one in a million, but they think they have like one in a hundred chance not realizing the insane amount of risk they are taking out of nowhere.
This is why I highly suggest people to not follow twitter influencers because it definitely looked like a big deal to many people at the time when they saw these returns, but what they didn't see was there were thousands losing their entire savings while a few people made these profits. So those examples made people think it was possible, but made them forget the odds.
In my opinion there are 2 kinds of greed in investing namely.
1. with greed we have the potential to get big profits, because we are not tempted by small profits and hold on tight, so that in the end we get big profits.
2. Greed can result in big losses and the cause is because when there is a price increase, they don't sell because they speculate the price will go up very high.
but in reality it wasn't long before the price fell very quickly, so that the coins we held were be cheap and eventually resulted in huge losses.
but I think in this case we should be able to enjoy whatever happens.
1. with greed we have the potential to get big profits, because we are not tempted by small profits and hold on tight, so that in the end we get big profits.
2. Greed can result in big losses and the cause is because when there is a price increase, they don't sell because they speculate the price will go up very high.
but in reality it wasn't long before the price fell very quickly, so that the coins we held were be cheap and eventually resulted in huge losses.
but I think in this case we should be able to enjoy whatever happens.
Shitcoins? To be honest, I never thought of profit when I heard about shitcoin. I don't deny that there are indeed shitcoins that will provide benefits. But the percentage may be 1 in 100 or higher than that. A lot of the shitcoin projects I've come across have ended horribly, and only a few have provided investors with profits and those only lasted for a short time. For beginners I would not recommend them to invest in shitcoin, in my opinion it's the same as plunging them.
There are way too many people that way. Look into all the coins and tokens that have 10 million dollars or less marketcap, and look into their groups and you will see that there are tens of thousands of people from all around the world that are looking to make some sort of profit with the shitcoins they are shilling. Obviously it is not going to happen that easily, but that doesn't mean that it would be a smart decision at all, it would be basically one in a million chance and they are looking to be that one in a million, but they think they have like one in a hundred chance not realizing the insane amount of risk they are taking out of nowhere.
we must experience losses before completely earning , but the problem here is that ? becoming greedy , when we become not contented in small profit m instead people keeps seeking for easy money things that only shitcoin can give us ,a nd also the problem is that you can lose big percent than earning in this coins.
try not to become greedy and you will see how much you can earn . little but surely.
Those people who are looking for shitcoins to make a bigger profit will always end up with something horrible in the long run and not make enough money at all. Because those are riskier when they are offering and promising so much, because most of them are filled with either hopes of the dev or just pure lies.try not to become greedy and you will see how much you can earn . little but surely.
Sure the dev that created it will think that each token should worth 5 dollars, but when it worths 5 cents there is no reason why he should make it higher, he promised that at the start and sold it for that much to you, but after it's on the market, it's everyone's chance to drop it and that's why it's always a risky move and should be avoided.
we must experience losses before completely earning , but the problem here is that ? becoming greedy , when we become not contented in small profit m instead people keeps seeking for easy money things that only shitcoin can give us ,a nd also the problem is that you can lose big percent than earning in this coins.
try not to become greedy and you will see how much you can earn . little but surely.
Those people who are looking for shitcoins to make a bigger profit will always end up with something horrible in the long run and not make enough money at all. Because those are riskier when they are offering and promising so much, because most of them are filled with either hopes of the dev or just pure lies.try not to become greedy and you will see how much you can earn . little but surely.
Sure the dev that created it will think that each token should worth 5 dollars, but when it worths 5 cents there is no reason why he should make it higher, he promised that at the start and sold it for that much to you, but after it's on the market, it's everyone's chance to drop it and that's why it's always a risky move and should be avoided.
because some are already that aware but they are still continuing on trying out to deal up with this because they do know about the opportunity or chances for them could give out that huge profits.
Of course we do know on what are the risks chance and probability but surprisingly there are still people who do really love on touching up these things
which arent that recommended if you are really that too mindful about spending money through investment.
we must experience losses before completely earning , but the problem here is that ? becoming greedy , when we become not contented in small profit m instead people keeps seeking for easy money things that only shitcoin can give us ,a nd also the problem is that you can lose big percent than earning in this coins.
try not to become greedy and you will see how much you can earn . little but surely.
Those people who are looking for shitcoins to make a bigger profit will always end up with something horrible in the long run and not make enough money at all. Because those are riskier when they are offering and promising so much, because most of them are filled with either hopes of the dev or just pure lies.try not to become greedy and you will see how much you can earn . little but surely.
Sure the dev that created it will think that each token should worth 5 dollars, but when it worths 5 cents there is no reason why he should make it higher, he promised that at the start and sold it for that much to you, but after it's on the market, it's everyone's chance to drop it and that's why it's always a risky move and should be avoided.
A bad experience can make us better, because if we talk about a good experience then that is our initial goal when entering this scope of cryptocurrency.
experience is the best teacher , but if we continuously doing that same mistake? then that would be either stupidity or greedy.Quote
But what you said is true, that very often new investors repeat the same mistakes, not even just new investors but people who have been here for a long time still repeat their mistakes even though they are not too big and fatal.
wrong , there are few investors that do the same mistake ,I myself consider as investors but I only commit that mistake once .Quote
From this we can see that the experience will really mean a lot, and we already feel it now, especially for me who really feels the positive impact of it.
then you are a good student , as you learned the best about option of investing . 
These are things that we learn at the start, and then sometimes forget about it at times and need to relearn them in the future. But as long as this exists and the results are always the same, we are going to end up with no problems at all. I know that it is not something we should be proud of to make the same mistakes again and again, but multiple times of same mistakes guarantees that you do not make the same mistake again in the future.
We should be focusing on how we could make a profit after we learn that and it could end up with much better results in the future as well, because we would be able to focus on what to do and already know what not to do anymore.
indeed, when we first get to know cryptocurrency, there will be many stories that we can tell. On the one hand, of course, from the story, many have had bad experiences. if we remain interested and enthusiastic in the world of crypto then we can make that mistake a lesson, the main thing is that we understand what was our mistake, and what to do next. but many new investors often repeat the same mistakes, therefore we need good psychological health from ourselvesWe should be focusing on how we could make a profit after we learn that and it could end up with much better results in the future as well, because we would be able to focus on what to do and already know what not to do anymore.
try not to become greedy and you will see how much you can earn . little but surely.
we need to experience bad things here before learning deep and I think that is normal in all investing platform because experience is the best teacher , even those expert trader/investors now are once has their own story to tell about their failures.
so let them have what is necessary and that is losing first.
The funny thing that I noticed, which I wanted to explain, was the fact that even the most senior experienced trader could still make the mistakes that only a newbie would make. Not because veterans are stupid about it or anything, of course not, they know what they are doing, but at the same time we are all human, and humans make mistakes, sometimes even trivial mistakes as well.so let them have what is necessary and that is losing first.
This is why it's not really about making zero mistakes as you get better, it is about limiting the amount of mistakes you do, maybe a veteran could make a simple mistake, but they won't do it frequently, it will be a rare thing and newbie would make it commonly and all the time until they get better.
I don't want to look at it as funny but maybe a negligence ? or over confident at least?
but i still have respect as long as there is no greedy attitude on those losing.
we need to experience bad things here before learning deep and I think that is normal in all investing platform because experience is the best teacher , even those expert trader/investors now are once has their own story to tell about their failures.
so let them have what is necessary and that is losing first.
The funny thing that I noticed, which I wanted to explain, was the fact that even the most senior experienced trader could still make the mistakes that only a newbie would make. Not because veterans are stupid about it or anything, of course not, they know what they are doing, but at the same time we are all human, and humans make mistakes, sometimes even trivial mistakes as well.so let them have what is necessary and that is losing first.
This is why it's not really about making zero mistakes as you get better, it is about limiting the amount of mistakes you do, maybe a veteran could make a simple mistake, but they won't do it frequently, it will be a rare thing and newbie would make it commonly and all the time until they get better.
These are things that we learn at the start, and then sometimes forget about it at times and need to relearn them in the future. But as long as this exists and the results are always the same, we are going to end up with no problems at all. I know that it is not something we should be proud of to make the same mistakes again and again, but multiple times of same mistakes guarantees that you do not make the same mistake again in the future.
We should be focusing on how we could make a profit after we learn that and it could end up with much better results in the future as well, because we would be able to focus on what to do and already know what not to do anymore.
indeed, when we first get to know cryptocurrency, there will be many stories that we can tell. On the one hand, of course, from the story, many have had bad experiences. if we remain interested and enthusiastic in the world of crypto then we can make that mistake a lesson, the main thing is that we understand what was our mistake, and what to do next. but many new investors often repeat the same mistakes, therefore we need good psychological health from ourselvesWe should be focusing on how we could make a profit after we learn that and it could end up with much better results in the future as well, because we would be able to focus on what to do and already know what not to do anymore.
so let them have what is necessary and that is losing first.
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