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.
Topic: Excessive greed is detrimental to investment - page 3. (Read 1748 times)
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.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.
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.
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.
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.
Investment can be said to have a high risk, meaning that whenever we can lose money,
when using cold money I think we are ready with this risk.
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.
everyone has the same goal of making a profit but they have their own way of achieving it,
luck also will not come if we do not work hard.
I know that there are so much expectation from many of us but for me? i rather make my own research that believing those who tries to lure me investing in any projects.
but greedy attitude is what will always makes us lose because we will never be contented in our earning no matter how large it is because we will always look for more and more.
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.
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.
everyone has the same goal of making a profit but they have their own way of achieving it,
luck also will not come if we do not work hard.
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.
True it depends on your coin because Bitcoin and top coins like Ethereum or BNB are very suitable for long term investment,
so when we try to hold it in the long term of course it's not greed,
other than that storing shitcoin for a long time will only be a waste of time.
Not just your time will be wasted but also your money. Why invest in shitcoins if you can buy coins with potential to grow even it takes a long period to profit? The problem is many investors are still investing in shitcoins because they want to earn in a short period, so despite of the risk, they still blindy investing because of their greed. So the choice is up to us, it's our hard-earned money anyway that we'll going to invest.so when we try to hold it in the long term of course it's not greed,
other than that storing shitcoin for a long time will only be a waste of time.
I believe that for them to succeed they must learn the hard ways.
This kind of thing is sometimes ignored by those who believe too much in shitcoin that it will soar like saving stones and hoping it will turn into gold.
like in the past few months there have been several shitcoins that are hype and are being talked about, at that time the prices became higher and starting today the prices started to dump. it has become one of the clear evidence that shitcoin is indeed not feasible for the long term and only for the short term or to get quick profits.
instant or overnight mindset, it must be avoided.
and also if we are going to check the data , only few shitcoin passes profit and almost everything losses.
investing in top coins certainly makes much more sense to make profits,
obviously it all depends on the decision of each.
correctly. if we realize that it is a fact that shitcoin is a coin that will only get a momentary profit and usually it is caused by hype. if a particular shitcoin doesn't get great hype, it's obviously just going to be 0.
This kind of thing is sometimes ignored by those who believe too much in shitcoin that it will soar like saving stones and hoping it will turn into gold.
like in the past few months there have been several shitcoins that are hype and are being talked about, at that time the prices became higher and starting today the prices started to dump. it has become one of the clear evidence that shitcoin is indeed not feasible for the long term and only for the short term or to get quick profits.
instant or overnight mindset, it must be avoided.
I don't invest in shitcoin because of my proven and tested system. When I was new in the market, I keep finding the next 100x altcoin and it is one of my regrets because it made me greedy and lose my capital in my early journey as an investor. Anyway I stop it and I just trade good altcoins with my system and I'm glad that it makes me a profitable trader. There are a lot of hype altcoins and we should avoid it, for those people who keep riding the hype then make sure that the money that you are using cannot damage your psychology and it is just a spare money because most of it are scams where after the hype, the massive dump appears.This kind of thing is sometimes ignored by those who believe too much in shitcoin that it will soar like saving stones and hoping it will turn into gold.
like in the past few months there have been several shitcoins that are hype and are being talked about, at that time the prices became higher and starting today the prices started to dump. it has become one of the clear evidence that shitcoin is indeed not feasible for the long term and only for the short term or to get quick profits.
instant or overnight mindset, it must be avoided.
if you see, a shitcoin that has pumped 1000x will definitely only pump temporarily and after that throw it away and will not happen again. almost all shitcoins are like that, so you have to be careful with incidents like that.
it's actually quite simple to get more profit choose altcoin or bitcoin by saving a large amount and holding it for the long term, it will be better.
but I am not giving financial advice.
Yes but the chances are very small to get big profits so I don't think shitcoin is the right choice if you aim to make big profits,
investing in top coins certainly makes much more sense to make profits,
obviously it all depends on the decision of each.
Depending the price and lifespan of a shitcoin it might worth to invest some bucks on it for speculative purposes, although it must be clear that someone doing this isn't exactly investing, but gambling with his funds, because as you said the chances it's going to work are really low. I don't know if any shitcoins' enthusiasts have already calculated how much they have been profiting or losing on long term, but that would be an interesting data to have access, so we could check how profitable the strategy of investing in such tokens can be on long term. investing in top coins certainly makes much more sense to make profits,
obviously it all depends on the decision of each.
True it depends on your coin because Bitcoin and top coins like Ethereum or BNB are very suitable for long term investment,
so when we try to hold it in the long term of course it's not greed,
other than that storing shitcoin for a long time will only be a waste of time.
Not just your time will be wasted but also your money. Why invest in shitcoins if you can buy coins with potential to grow even it takes a long period to profit? The problem is many investors are still investing in shitcoins because they want to earn in a short period, so despite of the risk, they still blindy investing because of their greed. So the choice is up to us, it's our hard-earned money anyway that we'll going to invest.so when we try to hold it in the long term of course it's not greed,
other than that storing shitcoin for a long time will only be a waste of time.
I believe that for them to succeed they must learn the hard ways.
This kind of thing is sometimes ignored by those who believe too much in shitcoin that it will soar like saving stones and hoping it will turn into gold.
like in the past few months there have been several shitcoins that are hype and are being talked about, at that time the prices became higher and starting today the prices started to dump. it has become one of the clear evidence that shitcoin is indeed not feasible for the long term and only for the short term or to get quick profits.
instant or overnight mindset, it must be avoided.
and also if we are going to check the data , only few shitcoin passes profit and almost everything losses.
investing in top coins certainly makes much more sense to make profits,
obviously it all depends on the decision of each.
I am just laughing at people's comment on here, we are all here to make money whether you like it or not, I've heard enough of some coins are shit and some are better, since 2018 the least coins that almost everyone condemned did so well than the almighty coins that everyone was talking about, it's always about the money, do not be fooled, invest and take profits, simple as that...
But unfortunately, greedy people will never be satisfied earning a few bucks, seeing their investment will just grow x10 is not acceptable but wanted more than x1000.In this bear market I have made 10x from two artificial intelligence projects and took my profits to invest in other altcoins I plan to hold for the next bull market, timing is everything.
Earning x10 during this bear season is not too easy. But can be possible if we are too smart to take action depending on the market situation. In order to earn profit here, we have to take a higher risk. In fact, some people invest what is hot in the market and are promoted by influencers.
You have to be careful when choosing altcoins for long-term holding, most of them are worthless and scam.
True it depends on your coin because Bitcoin and top coins like Ethereum or BNB are very suitable for long term investment,
so when we try to hold it in the long term of course it's not greed,
other than that storing shitcoin for a long time will only be a waste of time.
Not just your time will be wasted but also your money. Why invest in shitcoins if you can buy coins with potential to grow even it takes a long period to profit? The problem is many investors are still investing in shitcoins because they want to earn in a short period, so despite of the risk, they still blindy investing because of their greed. So the choice is up to us, it's our hard-earned money anyway that we'll going to invest.so when we try to hold it in the long term of course it's not greed,
other than that storing shitcoin for a long time will only be a waste of time.
I believe that for them to succeed they must learn the hard ways.
This kind of thing is sometimes ignored by those who believe too much in shitcoin that it will soar like saving stones and hoping it will turn into gold.
like in the past few months there have been several shitcoins that are hype and are being talked about, at that time the prices became higher and starting today the prices started to dump. it has become one of the clear evidence that shitcoin is indeed not feasible for the long term and only for the short term or to get quick profits.
instant or overnight mindset, it must be avoided.
and also if we are going to check the data , only few shitcoin passes profit and almost everything losses.
I am just laughing at people's comment on here, we are all here to make money whether you like it or not, I've heard enough of some coins are shit and some are better, since 2018 the least coins that almost everyone condemned did so well than the almighty coins that everyone was talking about, it's always about the money, do not be fooled, invest and take profits, simple as that...
In this bear market I have made 10x from two artificial intelligence projects and took my profits to invest in other altcoins I plan to hold for the next bull market, timing is everything.
Do your own research and take risks.
You are good and lucky earning x10 mate but others are not , i must admit that I gained x2 so far from my investment and I think hitting 3 would be enough for me as of this run.In this bear market I have made 10x from two artificial intelligence projects and took my profits to invest in other altcoins I plan to hold for the next bull market, timing is everything.
Do your own research and take risks.
and checking most of the comment? many says it is not good to be greedy if you are investing in Shitcoins but if Bitcoin ? then keeping holding for long is still safe and better.
I am just laughing at people's comment on here, we are all here to make money whether you like it or not, I've heard enough of some coins are shit and some are better, since 2018 the least coins that almost everyone condemned did so well than the almighty coins that everyone was talking about, it's always about the money, do not be fooled, invest and take profits, simple as that...
In this bear market I have made 10x from two artificial intelligence projects and took my profits to invest in other altcoins I plan to hold for the next bull market, timing is everything.
Do your own research and take risks.
And it is great you can do this however not everyone can do what you can, in fact you are part of a very small minority, if you made 10x in two different projects then this means many other people had to lose money for you to obtain those profits, as that is how the markets work, the money flows from the bad traders and investors to the good traders and investors, and since that is the case then it is better for those which are not as skilled as you to take a safer approach to the markets. In this bear market I have made 10x from two artificial intelligence projects and took my profits to invest in other altcoins I plan to hold for the next bull market, timing is everything.
Do your own research and take risks.
A lesson worth $14k is too expensive but in the end it teaches you a lesson and hopefully you will apply it in the future. But what you are saying is only true for your portfolio filled with altcoins, those altcoins will go up again or never will. If it is bitcoin it will be different, investing in BTC you will not lose anything.
When a newbie focus more on bitcoin, his/her risk factor reduces drastically, but the same can not be said with altcoins, and from what ops posted, his portfolio does not contain bitcoin.His portfolio is made up of 100% altcoin which most are just shit coins, so when he failed to take part in the pump period of the shitcoins he feels his greed has led him not to take advantage of the pumping period of those coins.
Having greed is good, its the stupid mistakes that make you lose money. Greed is wanting more money, holding more than you should is not "greed", its a mistake, if you know what you are doing then you would sell at the top and buy at the bottom and make more money aka be greedy.
best to put level in your expectation and not over expecting , greed takes place once you desire for so much when you already have best , imagine already gain double but looking for more? then that is already greed and need to be changed .Of course, in this case, a lot of people lose because they are too greedy and because they don't sell their crypto because they think the price will be even higher, but there are also consequences that greed can get big profits, like people who are strong and don't sell it when the price is high, because they think the price will be even higher, and the prediction comes true and finally sells at a very high price and makes a big profit. so I think in this case we also can't blame our decision too much. because everything depends on the fate of each of us so be grateful no matter what happens.
don't just stick to that Idea that those who waited for much price before selling is greedy because it is different if you Hold coin like Bitcoin comparing to shitcoin , because we have seen bitcoin growing over the years and yes it is worth being greedy for that sense . 
I am just laughing at people's comment on here, we are all here to make money whether you like it or not, I've heard enough of some coins are shit and some are better, since 2018 the least coins that almost everyone condemned did so well than the almighty coins that everyone was talking about, it's always about the money, do not be fooled, invest and take profits, simple as that...
In this bear market I have made 10x from two artificial intelligence projects and took my profits to invest in other altcoins I plan to hold for the next bull market, timing is everything.
Do your own research and take risks.
In this bear market I have made 10x from two artificial intelligence projects and took my profits to invest in other altcoins I plan to hold for the next bull market, timing is everything.
Do your own research and take risks.
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