For the better results a person should read more and more about the price, market condition and many more features of cryptocurrency trading. Your primary fault is that you make investment without getting exact knowledge. As you know that little knowledge can be dangerous so always do complete investigation.
The basic point of trading is that whenever you think that now the condition is awesome for you then without any hesitation and any worries about future just sell the token which offers you advantage.
The best point about your investment is that you will definitely learn from your this experience and will never do the same thing in future so never think loss as an end point of trading but take it as a lesson to reduce your chances of dropping cash.
Topic: Excessive greed is detrimental to investment - page 2. (Read 1675 times)
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.
Yeah, I have to warn the differences between excessive greed and regular greed though. You need ot be greedy to make some money, nobody who is avoiding greed could be rich like they should be, because greed is the thing that makes you want to have more and more, so you need to have some greed, a lot of it if possible, to make money.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.
However, when you have excessive amount of it, that means you are going to actually not make money when you can, and that's something you should try to avoid at all costs because it is not a smart move to keep holding something even after it reaches the top, and that is why it's important to have some sort of backup plan for when it could go down.
then you would be mainly thinking that making money would really be that easy.Im not saying that dedication on making profits or money is bad but you should really set out goals
which are really that realistic and attainable.You shouldn't really make yourself that much too desperate on which this one do really results out on
steps which arent supposed to be done in the first place.
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.
Yeah, I have to warn the differences between excessive greed and regular greed though. You need ot be greedy to make some money, nobody who is avoiding greed could be rich like they should be, because greed is the thing that makes you want to have more and more, so you need to have some greed, a lot of it if possible, to make money.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.
However, when you have excessive amount of it, that means you are going to actually not make money when you can, and that's something you should try to avoid at all costs because it is not a smart move to keep holding something even after it reaches the top, and that is why it's important to have some sort of backup plan for when it could go down.
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.
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 ourselves 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.
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.
That's right, Having a good self control is needed for a long term result. Every traders experiences a fail due to the excessive unjust greediness. I personally experienced it also and yeah it's a hard lesson that hits me after losing a bunch of money. As long as you take it as a lesson you will learn how to control yourself and do what's the right thing on the situation you are having but being stubborn and being overconfident about it will only put you on the same losing spot again. I think it's pretty normal to have that kind of situation but failing on that kind of situation multiple times like there's no improvement about it means you don't learn anything from the experience you have on losing because of the same mistake. We all know the feeling of being greedy and it will all depend on us on how we will control it or manage it. 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.
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.
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.
When I was new to cryptocurrency I was totally ignorant about market prediction, volume, future plans. Then I invested in some cryptocurrencies. After a few days of investment, I made quite a few dollars. But due to little knowledge about the market and excessive greed, I did not sell the crypto currencies I invested in the market at that time. So currently I am at a loss of $14000. Now I have no alternative but to wait for a long time. Finally I would like to say one thing from my real life, don't get too greedy in cryptocurrencies and hold any particular coin for a long time. It has the possibility of much more loss than profit.
That's a valuable lesson you've learned, my friend. Excessive greed can often lead to impulsive decisions and blind you to the potential risks involved in any investment, including cryptocurrency. It's important to have a well thought-out investment strategy and to keep an eye on market trends, news, and other factors that may affect the value of your investments.
Patience is also key in investing, as short term market fluctuations can be normal and shouldn't always dictate your investment decisions. It's also wise to diversify your portfolio and not to put all your eggs in one basket.
Remember, investing in cryptocurrency, or any other asset for that matter, should always be done with caution and with a long-term perspective in mind.
there is nothing big to lose if we will only invest small amount I mean just a chicken part of our money and try out chances to buy something we can afford to lose though it isnt advisable to invest in shitcoin yet I knew that there are some of us who truly trusted those coin for sometime now.
readiness is also what we must use as weapon to understand the risk.
Will the market go to the previous position?
It will, the least you can do is to wait for the next bull season and of course you need to stretch your patience a little more.
I also had something similar to that of yours about 5 years ago when I knew nothing about all these newly introduced coins, it cost me some certain amount of loss at that time which made me to realise that nothing beats investing wisely on Bitcoin at the right and appropriate time. Apart from Ethereum, which is still of much valuable and worthy to invest on, I don’t really advise people to invest on every other new or strange coins which are not reliable to crash all your investments and capital on. At times, we get carried away with the high-aimed profit we really want to hit when we invest on coins rather than exiting the market once we achieve some amount of reasonable profits, thereby causing the market to retest back and causing a huge amount of loss. Markets can be so unpredictable at times and when this happens, we get disappointed about the situation of the amount of loss caused.
Good point, investing in altcoins in cryptocurrencies should never be held long term. Because once the price of altcoin is down in the market, it never pumps. All my invested altcoins pumped up to 2x at one time but due to excessive greed I didn't sell my invested altcoins at that time.Today I have huge losses on every altcoin. Moreover, if you want to invest and hold for a long time, then the only useful coin will be Bitcoin, investing in any other coin and holding for a long time is nothing but complete stupidity.
The total ignorance that you experienced will certainly be a very valuable lesson. I have also experienced the same thing, even some professionals here will also experience this.Buying and holding some altcoins or cryptos that are also supported by NFTs, and even I bought the NFTs too.
But at the end when bitcoin crashes, and you must already know what will happen. The price of altcoins also crashed and the price of NFTs also fell greatly.
This became a loss that I called "Loss double-kill" which made me lose a lot of money on the investment, reaching a loss of -96% and will never return to the initial price I bought.
it became a lesson for me personally, that Altcoin will not be safe if bitcoin crashes even NFT. The right thing is to only invest in Bitcoin for the long term, or short term for some of the top altcoins such as ethereum, BNB etc.
indeed a lot of people who experience losses due to being too greedy in taking profits.
and I also have experienced like that.
but if we invest in bitcoin
of course there will be the potential to rise again to the top even though you have to wait a long time.
but for altcoins I think there is very little possibility of going up.
and I also have experienced like that.
but if we invest in bitcoin
of course there will be the potential to rise again to the top even though you have to wait a long time.
but for altcoins I think there is very little possibility of going up.
The main cause of failure and losing money is greed if a person get some amount of money then he desires to have more money than this. So in this situations he put the whole money again in trading so if the market goes dump he will loss all of his money.
Now the market is not stable so there is a hope that market will go more increase in coming months so holding of particular coin will give you more successful results.
If a person get profit then do not wait for this profit to increase even more because market is not trustable and its value does not remain the same.
Greedy behavior does not sound good so sell whenever you have profit and do not put excessive money in same coin as a result of greed.
Now the market is not stable so there is a hope that market will go more increase in coming months so holding of particular coin will give you more successful results.
If a person get profit then do not wait for this profit to increase even more because market is not trustable and its value does not remain the same.
Greedy behavior does not sound good so sell whenever you have profit and do not put excessive money in same coin as a result of greed.
Most of us will learn the hard though when it comes to trading and investing. I was nearly a dollar millionaire last 2017 but then I was unreasonably greedy that I still do not want to touch most of my crypto holdings because I thought the next step was to become a dollar millionaire. So when the market was bleeding in the following year, I was losing some sleep and was stressed so I sold 99% of my crypto investments. I sold it at the lowest point of the market and the only crypto left to me were the dusts in my wallets. Maybe greed is not that bad but there should be some limitations. Investment diversification is one thing I learned that is so important. I could've invested part of my earning outside crypto to protect my assets but I was just so greedy and was out of my mind.
Holding Altcoin is very risky than holding bitcoin, you could invest in altcoins but to me after some certain point you should sell it off and make a turn to buy bitcoin and get your mind relaxed.
Good point, investing in altcoins in cryptocurrencies should never be held long term. Because once the price of altcoin is down in the market, it never pumps. All my invested altcoins pumped up to 2x at one time but due to excessive greed I didn't sell my invested altcoins at that time.Today I have huge losses on every altcoin. Moreover, if you want to invest and hold for a long time, then the only useful coin will be Bitcoin, investing in any other coin and holding for a long time is nothing but complete stupidity. Will the market go to the previous position?
It will, the least you can do is to wait for the next bull season and of course you need to stretch your patience a little more. Losses are kinda normal in crypto, it may be temporary or permanently, depends on the alts you have on your portfolio and again your patience.
See, this is why I am a bit skeptical about diversifying your investment in alts. If that $14k was poured all to Bitcoin, then I guess, you'll not have to worry that much about the future of your asset.
however, before diversifying investments in altcoins, of course he has considered,
but regardless of whatever it is making decisions by taking risks is not easy.
Will the market go to the previous position?
It will, the least you can do is to wait for the next bull season and of course you need to stretch your patience a little more. Losses are kinda normal in crypto, it may be temporary or permanently, depends on the alts you have on your portfolio and again your patience.
See, this is why I am a bit skeptical about diversifying your investment in alts. If that $14k was poured all to Bitcoin, then I guess, you'll not have to worry that much about the future of your asset.
When I was new to cryptocurrency I was totally ignorant about market prediction, volume, future plans. Then I invested in some cryptocurrencies. After a few days of investment, I made quite a few dollars. But due to little knowledge about the market and excessive greed, I did not sell the crypto currencies I invested in the market at that time. So currently I am at a loss of $14000. Now I have no alternative but to wait for a long time. Finally I would like to say one thing from my real life, don't get too greedy in cryptocurrencies and hold any particular coin for a long time. It has the possibility of much more loss than profit.
It is a very harsh fact but true. I was also in the same situation in 2021, instead of selling all coins for a profit x2-x3 times, but not everything happened because of that ambition and I lost the opportunity to make money. . Greed is not suitable for crypto investments. Unfortunately, humans are always ambitious and get greedy when faced with those situations. Like a magical attraction.If you are into any investment then one need to make balance between his personal greed and whats going on in the market. If you just follow your personal greed then you are deemed to lose. One need to set a target price on which token of selling price and as soon you see that price its better to sell your coins and take the profit. This cycle must go on, as there is no coin that can only go up. Its fundamental rule of every market that price goes up and down. You need to keep a bulls eye on price of your token.
When I was new to cryptocurrency I was totally ignorant about market prediction, volume, future plans. Then I invested in some cryptocurrencies. After a few days of investment, I made quite a few dollars. But due to little knowledge about the market and excessive greed, I did not sell the crypto currencies I invested in the market at that time. So currently I am at a loss of $14000. Now I have no alternative but to wait for a long time. Finally I would like to say one thing from my real life, don't get too greedy in cryptocurrencies and hold any particular coin for a long time. It has the possibility of much more loss than profit.
My Investment Portfolio
Will the market go to the previous position?
Sad things is market wont repeat last eth for most of coin, this your investment still normal, but it can be go to minus 98-99% and the worst things is the project dead cause team rekt use they fund to trade crypto to, this always happen in most of projects My Investment Portfolio
Will the market go to the previous position?
Ypu are right in the fact that greed will always steer you in the wrong direction. You need to have some level of greed to be able to take advantage of good markets but not enough where you are endlessly throwing your money into completely awful positions in hopes of some sort of "pump".
All of us have gone through that phase when we are still a newbie so there is no need to be ashamed about that but we must be proud to tell this story on how we overcome it later on. Even if most of us are successful now, this kind of stories will still be a very big part of us. In your case there you said you only sell your coins for 2x and 3x profits?
I think that was still fine and not totally disappointing at all. What is really disappointing is if we ended up in a loss because of chasing higher returns. Like the title says, excessive greed is detrimental to success so that means that a non-excessive greed is still fine as it gives us unnatural energy.
Moderate greed is the same as an investment that is very risky but still has good control even though it almost got stuck. If you only pursue high returns without thinking about the risks that will occur, all profits and even capital will also be lost. It is not good to trade too much, there must be good management and at what limit to stop. If you overdo it and get too greedy it is just like gambling, there will be no results in the end. I think that was still fine and not totally disappointing at all. What is really disappointing is if we ended up in a loss because of chasing higher returns. Like the title says, excessive greed is detrimental to success so that means that a non-excessive greed is still fine as it gives us unnatural energy.
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