Excessive greed is detrimental to investment - page 6.

ningrum

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Quote from: Silberman on December 31, 2022, 08:58:09 PM

Quote from: jostorres on December 31, 2022, 04:32:11 PM

Quote from: babygun on December 31, 2022, 11:32:23 AM

I would not only invest in BTC, but only in some other strong altcoins such as ETH or BNB. The problem always is that you will start to get greedy when you start getting profit. You see the price of the coin rises and will always want more and more and than it can be too late. You can partially sovle that with setting sell orders at certain limit prices.

He did not say that we should mainly invest in BTC or avoid all the altcoins because he also know that there are still some good altcoins out there which are great to be paired with our BTC investment. He only say that shitcoins and pump and dump schemes are bad and should be avoided because they are too risky to try and make money with.

Being greedy is normal for us humans but I think it's fine to be a little greedy as long as you invest on the safe and suggested coins because they might increase for more and even if you miss the present bull run, you are sure that they can make a good comeback again on the second, third and so on bull runes.

It is natural that when we make a plan we want things to go as we expect, so for example if we invest in bitcoin we expect that we will obtain more money than whatever we invest in it, that is not even greed, that is just the way humans behave normally, however people can get very greedy when they expect that a shitcoin achieves a 100x growth, that is greed and unfortunately it is very common as there are many people that actually believe they can identify and invest in a coin like that.

Plans are an important part of the strategy and at least they can minimize risk,
we must be able to place expectations according to their place and sometimes people forget about that so that it makes them greedy,
expectations that are too high can sometimes be disappointing when they are not achieved

carlfebz2

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Quote from: TheGreatPython on January 02, 2023, 02:40:22 PM

Quote from: Marykeller on January 02, 2023, 05:25:44 AM

The depressing aspect of hodling altcoin is that you never know what the future holds for it during a bearish market or whether it will make it through a bearish season to a bull market. It's terrible that altcoins typically don't survive bear markets; just hope that the altcoin you own will return your profits during the bull market because losing a $14k investment in cryptocurrency is devastating to comprehend.

All you can do now is to keep hodl of your altcoins investment, believing that few of them(not all) will skyrocket during the bull market to give you back your profits returns

If you are holding an unknown or small cap thing and not bitcoin or ethereum or bnb, then you "do not know" what the future holds. But to me, even during the bear markets I trust them so much that I buy more and more of them.

This is why it's such a great investment for me since it makes me a lot of profit. Of course some people buy altcoins with like 10 million dollar marketcap total, and then they worry what's going to happen during the bear market because it could crash and be zero and never recover from there. I do not believe that ethereum or bnb will be like that and it will stay strong and that is how people should invest, into strong coins.

Majority of people would really be keeping an eye into those current top coins in the ranking on overall cap which they could really make themselves that comfortable on making out some investment.

Greed is never been good but on some certain extent we are all hoping to get some profits out of those investments.Due to unpredictability then there's no way that we could really be able
to predict on what would happen next to come.

Just make yourself be able to bare up with the risk and think up about having those wise decisions and be versatile for whatever situations or outcomes might set in.

TheGreatPython

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Quote from: Marykeller on January 02, 2023, 05:25:44 AM

The depressing aspect of hodling altcoin is that you never know what the future holds for it during a bearish market or whether it will make it through a bearish season to a bull market. It's terrible that altcoins typically don't survive bear markets; just hope that the altcoin you own will return your profits during the bull market because losing a $14k investment in cryptocurrency is devastating to comprehend.

All you can do now is to keep hodl of your altcoins investment, believing that few of them(not all) will skyrocket during the bull market to give you back your profits returns

If you are holding an unknown or small cap thing and not bitcoin or ethereum or bnb, then you "do not know" what the future holds. But to me, even during the bear markets I trust them so much that I buy more and more of them.

This is why it's such a great investment for me since it makes me a lot of profit. Of course some people buy altcoins with like 10 million dollar marketcap total, and then they worry what's going to happen during the bear market because it could crash and be zero and never recover from there. I do not believe that ethereum or bnb will be like that and it will stay strong and that is how people should invest, into strong coins.

CryptoYar

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Quote from: LDL on November 26, 2022, 03:01:21 AM

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.

This is not just happened to you many people have bought coins/tokens at high prices they were expecting a recovery after every dip and eventually now they are at this stage where they have no other option than holding.

Quote from: LDL on November 26, 2022, 03:01:21 AM

Will the market go to the previous position?

Yeah, I believe. Bitcoin will hit its new all-time high again.

Marykeller

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The depressing aspect of hodling altcoin is that you never know what the future holds for it during a bearish market or whether it will make it through a bearish season to a bull market. It's terrible that altcoins typically don't survive bear markets; just hope that the altcoin you own will return your profits during the bull market because losing a $14k investment in cryptocurrency is devastating to comprehend.

All you can do now is to keep hodl of your altcoins investment, believing that few of them(not all) will skyrocket during the bull market to give you back your profits returns

klidex

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Quote from: babygun on December 31, 2022, 11:32:23 AM

Quote from: uneng on December 30, 2022, 11:11:29 AM

A bull market will come sooner or later, the problem is that the altcoins invested by OP look shitcoins from pump and dump schemes which have their prices boosted artificially, so whales and developers can drop all their holdings on the market for fast profit, but consequently leading the tokens to instant devaluation with no recovery chances, because nobody in sane conscience is going to invest in such altcoins anymore.

As he said, the only way to make profit from these altcoins is to sell them fast, on the moment they present positive oscillation in price superior to the price you have bought. If you wait too long, you may never be able to sell them again, completely losing the investment.

To prevent this dangerous situation, investors should invest mainly in bitcoin, so they will be safe to hold on long run expecting price recoveries and new ATHs.

I would not only invest in BTC, but only in some other strong altcoins such as ETH or BNB. The problem always is that you will start to get greedy when you start getting profit. You see the price of the coin rises and will always want more and more and than it can be too late. You can partially sovle that with setting sell orders at certain limit prices.

I agree with your opinion, I have also said several times in this forum that an investor must have a profit target in the assets he invests.
Even though the price of the asset has experienced an increase in price but has not reached the target price, it must be kept. Don't regret it later if, after selling it, the price rises higher and exceeds the target you have been waiting for.
Confidence and strong determination must really be instilled in the soul of an investor and this is not included in the greed of investing.

abel1337

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FOCUS

Quote from: Silberman on December 31, 2022, 08:58:09 PM

Quote from: jostorres on December 31, 2022, 04:32:11 PM

Quote from: babygun on December 31, 2022, 11:32:23 AM

I would not only invest in BTC, but only in some other strong altcoins such as ETH or BNB. The problem always is that you will start to get greedy when you start getting profit. You see the price of the coin rises and will always want more and more and than it can be too late. You can partially sovle that with setting sell orders at certain limit prices.

He did not say that we should mainly invest in BTC or avoid all the altcoins because he also know that there are still some good altcoins out there which are great to be paired with our BTC investment. He only say that shitcoins and pump and dump schemes are bad and should be avoided because they are too risky to try and make money with.

Being greedy is normal for us humans but I think it's fine to be a little greedy as long as you invest on the safe and suggested coins because they might increase for more and even if you miss the present bull run, you are sure that they can make a good comeback again on the second, third and so on bull runes.

It is natural that when we make a plan we want things to go as we expect, so for example if we invest in bitcoin we expect that we will obtain more money than whatever we invest in it, that is not even greed, that is just the way humans behave normally, however people can get very greedy when they expect that a shitcoin achieves a 100x growth, that is greed and unfortunately it is very common as there are many people that actually believe they can identify and invest in a coin like that.

That is why we make a plan, to make our goals more realistic. We do make a plan to achieve the goals we want and in those plans, It is composed of series of step that could be followed in order to achieve the goal. That goal for us is profit. Formulating a plan isn't being greedy, Stepping out more than your goal is greedy given that the plan you make isn't for that reason. It isn't that bad to level up the goals you have but I think it should be done on separate plan and not over extending your way on making that profit. Investing on a sh*tcoin can be profitable but it's hard to expect it to grow that much.

Silberman

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Quote from: jostorres on December 31, 2022, 04:32:11 PM

Quote from: babygun on December 31, 2022, 11:32:23 AM

I would not only invest in BTC, but only in some other strong altcoins such as ETH or BNB. The problem always is that you will start to get greedy when you start getting profit. You see the price of the coin rises and will always want more and more and than it can be too late. You can partially sovle that with setting sell orders at certain limit prices.

He did not say that we should mainly invest in BTC or avoid all the altcoins because he also know that there are still some good altcoins out there which are great to be paired with our BTC investment. He only say that shitcoins and pump and dump schemes are bad and should be avoided because they are too risky to try and make money with.

Being greedy is normal for us humans but I think it's fine to be a little greedy as long as you invest on the safe and suggested coins because they might increase for more and even if you miss the present bull run, you are sure that they can make a good comeback again on the second, third and so on bull runes.

It is natural that when we make a plan we want things to go as we expect, so for example if we invest in bitcoin we expect that we will obtain more money than whatever we invest in it, that is not even greed, that is just the way humans behave normally, however people can get very greedy when they expect that a shitcoin achieves a 100x growth, that is greed and unfortunately it is very common as there are many people that actually believe they can identify and invest in a coin like that.

jostorres

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Quote from: babygun on December 31, 2022, 11:32:23 AM

I would not only invest in BTC, but only in some other strong altcoins such as ETH or BNB. The problem always is that you will start to get greedy when you start getting profit. You see the price of the coin rises and will always want more and more and than it can be too late. You can partially sovle that with setting sell orders at certain limit prices.

He did not say that we should mainly invest in BTC or avoid all the altcoins because he also know that there are still some good altcoins out there which are great to be paired with our BTC investment. He only say that shitcoins and pump and dump schemes are bad and should be avoided because they are too risky to try and make money with.

Being greedy is normal for us humans but I think it's fine to be a little greedy as long as you invest on the safe and suggested coins because they might increase for more and even if you miss the present bull run, you are sure that they can make a good comeback again on the second, third and so on bull runes.

o48o

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Quote from: LDL on November 26, 2022, 03:01:21 AM

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.

I have noticed during my time in crypto that it's harder to sell when you are going up then buying when going down. Also it's easier to sell the bottom out of frustration. When our coin is going up we often like to think that this is our ticket to financial freedom, and we stop looking for other coins. At that moment we think ourselves as genius investors and that this is new normal. There's no way thig would

when everyone is saying it's crazy to sell now, and you think that there's no way this could go down, you feel like an idiot to sell it, even if you have made 100x profits with it. That's because our brains is looking for more that dopamine, and when it was the coin we hodl that brought it, we get attached to it and don't want to let go.

In a same way when the coin goes down totally rekt we start to build negative feelings towards it and it's easier to let go.

babygun

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Quote from: uneng on December 30, 2022, 11:11:29 AM

A bull market will come sooner or later, the problem is that the altcoins invested by OP look shitcoins from pump and dump schemes which have their prices boosted artificially, so whales and developers can drop all their holdings on the market for fast profit, but consequently leading the tokens to instant devaluation with no recovery chances, because nobody in sane conscience is going to invest in such altcoins anymore.

As he said, the only way to make profit from these altcoins is to sell them fast, on the moment they present positive oscillation in price superior to the price you have bought. If you wait too long, you may never be able to sell them again, completely losing the investment.

To prevent this dangerous situation, investors should invest mainly in bitcoin, so they will be safe to hold on long run expecting price recoveries and new ATHs.

I would not only invest in BTC, but only in some other strong altcoins such as ETH or BNB. The problem always is that you will start to get greedy when you start getting profit. You see the price of the coin rises and will always want more and more and than it can be too late. You can partially sovle that with setting sell orders at certain limit prices.

irsykes

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if left waiting for the bull season to arrive at the time of the coming year, our money will definitely return. just need patience if we don't want our money to disappear. if i were you i would forget about those assets and start developing new assets, the bears are almost running out of time a little longer

sana54210

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Quote from: LDL on November 26, 2022, 03:01:21 AM

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.

First of all, it is a bear year and all new investors are in losses and not just you. So, you need to be light hearted and look for more investments and must go for DCA to get better returns by 2025. Also, you need to invest only on right and potential coins like bitcoin and not into random coins. I am a old crypto adapter hence I am not aware of new things; I ignored all recent developments like defi or nft. If you have invested into bitcoin also, you might be in losses right now but you can be sure about recovery.

High potential coins are having more advantage hence not touching random shitcoins will help you to gain more profits over the time.

uneng

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A bull market will come sooner or later, the problem is that the altcoins invested by OP look shitcoins from pump and dump schemes which have their prices boosted artificially, so whales and developers can drop all their holdings on the market for fast profit, but consequently leading the tokens to instant devaluation with no recovery chances, because nobody in sane conscience is going to invest in such altcoins anymore.

As he said, the only way to make profit from these altcoins is to sell them fast, on the moment they present positive oscillation in price superior to the price you have bought. If you wait too long, you may never be able to sell them again, completely losing the investment.

To prevent this dangerous situation, investors should invest mainly in bitcoin, so they will be safe to hold on long run expecting price recoveries and new ATHs.

nara1892

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Quote from: Cling18 on December 08, 2022, 05:24:42 PM

There are coins that are just good for a shot term holding while there are also coins that will be worth holding in the long run. Bitcoin is a good choice when it comes to long-term investment so don't consider it a loss if you are still holding it. If you have gained a good profit from altcoins, especially in new projects, better sell it right away and consider the profit that you'll gain and if you want to maximize it, you can rebuy potential coins like Bitcoin, ETH, and BNB which are worth holding for a long time.

That applies to any asset, when we are still holding the coin, we cannot say we are a loss because there is a possibility that the price will return to the price we entered. But the question is how good is the coin so that it can reach the price when we enter or even exceed it? (as long as it's not bitcoin) because I believe if our assets are bitcoin then we just need to be patient to reach ATH again. That is why we cannot be careless in buying any assets, because the risk of owning a worthless coin is the greater the risk.
Yes, I agree that there are coins that we can hold for the short term and there are coins that are intended for the long term. So be smarter in analyzing before deciding where we will invest.

Baofeng

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Quote from: LDL on November 26, 2022, 03:01:21 AM

Will the market go to the previous position?

Not a financial advise, but for me, yeah, there is a big possibility that we will go and even exceed the last all time high.

So if I'm in your case, despite the paper loss, I wouldn't sell, and I will look at the long term investment and that will be my plan. Obviously, you don't like to be on a loss right? So the only thing you can do is not sell and have the patience to be a long term holder, or at least hold on it till the next bull run and see how your money will be.

Just take this as a lessons learned, a valuable lesson not just for you and for everyone as well that if you want to take profit in a bull run then do it instead of regretting like what the OP is saying here and blaming it on himself because he wanted more.

Crypt0Gore

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I'm not so sure about ispolink and my identity coin, I think they won't survive this bear market but Vulcan forged? That's a very strong project mate, the possibility of beating it's old ATH is very high .

I hope you have learnt your lesson, many make the same mistakes in 2018 as they are buying coins at a very high price then market crashed later, it's going to take a long time but the bulls will be back again. HODL

Cling18

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There are coins that are just good for a shot term holding while there are also coins that will be worth holding in the long run. Bitcoin is a good choice when it comes to long-term investment so don't consider it a loss if you are still holding it. If you have gained a good profit from altcoins, especially in new projects, better sell it right away and consider the profit that you'll gain and if you want to maximize it, you can rebuy potential coins like Bitcoin, ETH, and BNB which are worth holding for a long time.

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Quote from: lienfaye on November 30, 2022, 03:09:20 AM

I think most of us experienced the same thing on our investment journey in crypto. But after that we learned a lesson to not be greedy, if you see an opportunity to take profit, go ahead, don't hesitate unless you have a set price and willing to hold and take risk even it takes a long time.

Quote from: LDL on November 26, 2022, 03:01:21 AM

Will the market go to the previous position?

We're not certain about this but if we look back in the past history, the market do bounce back after the long bear season. So to answer your question, if you're holding a good coins then it will likely recover once bear market is over.

There are lessons to be learned from our mistakes which can then be called greed. The fact is that all who have experienced it will change because they have felt it and don't want to repeat the same mistake. Market movements cannot be fully predicted, but I agree that if the coin we hold is a very good coin, then we will return to past prices before this bear season occurs, it's just that we need more patience to get back there.
I now never forget to take profit if my targeted price is reached, and instead I hold on as long as I can because I already got the profit I had earlier. So that way I assume it is my lost money that I will take when I really want to take it.

AzamNurWahid

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Actually, with large capital like you have, it will be very easy to get big profits. But if you play with the new alt, of course it is very difficult to get big profits. However, if you invest in big coins like btc and eth, then you won't lose as much as now

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