Why you say greed? maybe you didn't sell on the top because you are still thinking that the price will continue to go up? I guess this is just a lesson, however, what you got is just a paper lost, you didn't sell anything so what you see it just in paper.
In any case, then just hold on your portfolio, and just wait for the right time to sell them. It might take years as we are still in the beginning of the bear market and it could be worst in the next year. So just brace yourself, look at the bright future and continue to accumulate and increase your portfolio. This whole crypto investing is a journey so it's better that you have the patience.
Topic: Excessive greed is detrimental to investment - page 8. (Read 1675 times)
It's okay to not totally rely on market predictions because they are just a prediction anyway and there is no assurance that they will come true but knowing the volume of the coin is important before you invest. Last but not the least is planning or future plans. We can just jump in without a plan because there is a tendency that we will sell early or sell late. In short, we are going to be confused if what we are going to do.
It's not wrong to skip selling and keep on hodling for the long term but what is only wrong on your part is that you pick up the wrong set of coins. If only you have invested in btc, eth and other top coins, then there is still a big chance that they will recover and you can still earn more with them.
It's not wrong to skip selling and keep on hodling for the long term but what is only wrong on your part is that you pick up the wrong set of coins. If only you have invested in btc, eth and other top coins, then there is still a big chance that they will recover and you can still earn more with them.
This year was pretty much the same like 2018 once crypto has been going down so hard. I hope that you must not be surprised that if your portfolios were decreasing a lot to the bottom. This caused by the dump that happened with the whole of crypto market. If you have been picking the wrong rate to invest your money and you must be careful with the pump that can come anytime as well. I think that there have been many people who faced the same problem like you. You must not disappointed yourself. You are still having another chance to make it back again.
This time my become the best year for the accumulation. We didn't know what's gonna happen with crypto then. Bitcoin may able to recover next year.
This time my become the best year for the accumulation. We didn't know what's gonna happen with crypto then. Bitcoin may able to recover next year.
You are not the only one. Look at how many people lost money in the stock market last year which is considered much safer than crypto. Stocks like Facebook, Netflix all had huge drawdowns, some even higher than crypto.
Look at how many people basically lost 100% due to all these lending platforms and FTX that went down. Its been a tough year for investing. Should of stayed in all cash at the bank pretty much.
Look at how many people basically lost 100% due to all these lending platforms and FTX that went down. Its been a tough year for investing. Should of stayed in all cash at the bank pretty much.
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Greed will not give you anything but the losses you will get. In investing in crypto, when you have seen multiple profits, that's the right time to take your profits immediately before the opportunity is gone. You have had previous experience and must be able to learn from that experience so that you are not greedy and can take advantage at the right time. Hopefully, all your coins can increase again in the next altcoin season so that big profits can replace your losses. So, for now, you have to be patient and keep trying to invest in bitcoin.
No problem your investment can comeback anytime. The key is if you must be patience waiting for another bullish trend. My portfolios were also decreasing so hard like you but im not even feeling worry as i never lose my money but i just my unrealized profit.
The key must be the bullish sentiment that can bring back your money again. I do know how you do feel once you bought them at the top of price and then your portfolios were decreasing so hard like roller coaster.
I think that what you can do just be patience and waiting for some luck to come very soon.
The key must be the bullish sentiment that can bring back your money again. I do know how you do feel once you bought them at the top of price and then your portfolios were decreasing so hard like roller coaster.
I think that what you can do just be patience and waiting for some luck to come very soon.
Greed is still greed, it cannot be said to be excessive or not, because if we are greedy then the negative side is attached to us.
This is a very valuable lesson for you to be able to learn from experiences that are detrimental to you at this time. You can fix this in the future as long as you don't give up because of a fairly large loss. When we come into crypto investment we have to be prepared to experience something that will result in us losing. And also we have to be smart to take advantage when we get it. Don't let greed rule your mind.
This is a very valuable lesson for you to be able to learn from experiences that are detrimental to you at this time. You can fix this in the future as long as you don't give up because of a fairly large loss. When we come into crypto investment we have to be prepared to experience something that will result in us losing. And also we have to be smart to take advantage when we get it. Don't let greed rule your mind.
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.
I am feeling sorry for the devaluation of your investment. But my goodness! Did someone convinced you to invest in those specific coins? Why did you invest $15,000 on projects that are not even in the top 50? Newly launched coins and small market cap coins are not the best for people that are new to crypto. And those coins are not for the long term due to their very high risks. They are often called lottery coins, your money might reach x200 but your investment value can also drop to x-200 folds if they fail. I am not against investing in lottery coins but the amount should be something you are willing to lose.
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 don't consider holding bitcoin for as long as I can as being too greedy, I will only say I am greedy when I hold altcoins that the projects are not strong for a long time. There is usually pumping, and dumping involved with cryptocurrency, if you buy an Altcoin when it is pumping, if you have made your profit, it is best you trade it for a stable coin to secure your investment, rather than waiting for it to pump more. Waiting to make more profit after you have made a reasonable profit from an altcoin is greed and can make you lose your investment.
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?
My Investment Portfolio
Will the market go to the previous position?
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