Greed is bringing loss for traders - page 20.

lovesybitz

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Quote from: OluwaTosin10 on April 11, 2019, 08:27:10 AM

Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%

I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$

When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit

What can be done to ease greed amongst investors ??

I would agreed on your explanation mate, if you are not greedy typical type of people, no doubt that in the end you're not gonna easy lose your coins. Because sometimes, We as a traders we got lose because of wrong choice of coins We bought in the market or We missed the pump of the coins were We didn't set it at the price We want it.

Zdraste16

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Quote from: OluwaTosin10 on April 11, 2019, 08:27:10 AM

Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%

I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$

When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit

What can be done to ease greed amongst investors ??

Very accurately noticed, the behavior is not experienced and greedy trader. I cannot give advice, because everyone in this business builds their own personal course of action. After several mistakes that I made, I reviewed my actions and began to set a stop, according to which I had to either sell or buy. By following these rules, my assets are more controlled.

goaldigger

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Quote from: OluwaTosin10 on April 11, 2019, 08:27:10 AM

Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%

I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$

When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit

What can be done to ease greed amongst investors ??

Wanting more can literally destroy a trader. He's intellectual capability of making good decisions are destroyed by his greedyness to have more money and he tend to lose more than to earn. He doesnt know how to stop and these is the only cause and solution for greedy people. If he gets the right price, better sell it then wait for another turn. Be a wise trader not a panic seller.

z1843uc

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Quote from: OluwaTosin10 on April 11, 2019, 08:27:10 AM

Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%

I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$

When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit

What can be done to ease greed amongst investors ??

PlusOne88

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Greed isn't something you can easily remove from a person. Money is a really good driving factor to want more. And it's money the easy way. Because of this thinking and as shown to be the experience of those who have been lucky enough, a person will be tempted to want more. Unfortunately not all will be able to take the price they wanted. So it is more like a race of who sells first when the price pumps up. This I would not agree because it does not actually make any altcoin better. What makes it better is when you would use it to pay for something or use it for the utility it was designed for to allow an altcoin to increase in value naturally.

akram143

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Yes this type of things also makes a person to get into the last situation because we don't know what happened next so we need to be more alert in each and every time when the market is also good in the situation otherwise we are easily been get a losses in sometimes

leetcoiner

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Greed never played in favor. As soon as you start to be greedy, you start to get less. It is like the law of meanness. No need to spare all the money anyway.

bangjoe

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it also happened to me, I experienced it last year, even though our profession was different but our problems were the same, I am a bounty hunter who made mistakes like you did, at first I didn't set a high target for the coins I had, I just hoped and planned to sell coins above the ICO price but because the price surge continues and the green market, I think I have to hold it longer so that I can get more money but without realizing it, I was wrong, I was careless, all not as I expected, because of the decline prices are not like rising prices, decreasing prices tend to be faster and that is what ultimately made me lose because when I realized that the value of my coin was down and checking the value of my assets, it turned out everything had turned red, even the value was close to zero and it happened because of greed me because if only I sold it according to my target then me will get enough money but because of greed, then now I only get regrets

jyotianand01

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Imagines never convert into reality and greed in this market is always comes with a loss as when we see our coin near target price then the emotions comes in between and we expect more then what we were expected and not close our trade. Always set a target profit and come out of that trade when you achieve your target.

fasdorcas

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Quote from: OluwaTosin10 on April 11, 2019, 08:27:10 AM

Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%

I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$

When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit

What can be done to ease greed amongst investors ??

There’s nothing you can do to stop greediness among traders. Just let those who fall victims to continue falling victims of it and they will be learning from their mistakes. Some of them don’t even have any plans, all they do is invest their money with no target and be hoping that the price will continue to grow forever, but at the end they will end up being disappointed. This is a risky business, so anyone who is getting in should have their target and know what to do to achieve that.

louisBSAS

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Quote from: OluwaTosin10 on April 11, 2019, 08:27:10 AM

Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%

I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$

When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit

What can be done to ease greed amongst investors ??

In order to temper greed, you need to have a mind and understand the fact that it is better to do a lot of operations with small incomes, than to sit and wait for a crazy profit and get losses instead.
It also comes with experience. Perhaps experience will help over time to overcome the greed of investors and they will understand that it is better to earn a little bit than to have losses.

Bessta

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I already saw mistakes like this. But I don't see it as a greedy move but only a common mistake. And I don't think we can force this issue into them if they want to imagine things like mansion cars or any other things that rich people buys. In my case, especially in this situation, I always dump right away because of the market situation. I don't want it to get lower and since it's just a bounty and not an investment.

Nasonn

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Sometimes people mistake crypto for a get rich quick scheme. They think you can turn your $100 into $200 every 24 hours, forgetting that it takes an amount of patience to reach that level.

mrdeposit

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Quote from: semobo on April 16, 2019, 10:08:40 AM

Greed will lead us to losses that is why we need to stay away from emotional trading if we want to be successful.ANd some people may reach their target but later changes their mind for more and this keep going but at one stage the prices will get dumped so they will still hold and end up in loss or less profitable.

Emotional way of trading can be a reason to be an exception in some cases but without emotions, we can't trade in a different way than automotive trading bots. Dumped coins are the next opportunities for investors if they want to involve in cheap prices.

ryap12

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Quote from: OluwaTosin10 on April 11, 2019, 08:27:10 AM

Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%

I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$

When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit

What can be done to ease greed amongst investors ??

This happened to me as a rookie. Lol. I was trying to get more funds one time at Binance and there is this Telegram group I follow which offers trading signals. I took the bait not knowing I took it a minute late where everyone was already selling. I bought and lost almost half the funds I used to invest. So what I learned from that after is not to participate on trading signals and become greedy but instead be wise when doing trades.

dedi joni

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Quote from: Kuchiyose on April 16, 2019, 09:21:12 AM

I think everyone experiences the same thing as Crypto world price and especially happens to big investors who are very dependent on crypto. Don't be too quick to assess prices with the current decline.

the decline that occurred was still fairly reasonable, for me who came with small capital might not be a problem for the market decline. but for large investors maybe they have already turned their assets around and have already made a profit now.

semobo

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Greed will lead us to losses that is why we need to stay away from emotional trading if we want to be successful.ANd some people may reach their target but later changes their mind for more and this keep going but at one stage the prices will get dumped so they will still hold and end up in loss or less profitable.

Huntler1993

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Who says traders are greedy and who doesn't want to see his or her money grow that way. Traders are sometimes greedy, they invest pennies and want to yield millions from it. Nature doesn't work that way, if that is the case then by now there will be no word like poverty on our planet
Let us be content with the little daily profit we make always and prevent us from loosing everything.

crzy

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Quote from: crzybilly on April 16, 2019, 07:27:28 AM

You do not need to be greedy, especially on the crypto currencies market while falling. The market is very young and when it falls, you should be happy even with a small percentage of your profit. I am going out of any coin when I have 30-40 percent profit.

Its easy not to be greed but usually, uncontrolled emotion always happen when you are earning profit.
The amount of rewards that you can get will just part of you plan, and if you decide to be more greedy then its a higher risk, and it can lose your money. Greediness should be on the right timing as well, because when everyone is afraid to invest then you have to be greedy on that part.

Kuchiyose

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Quote from: logisticalmother on April 16, 2019, 08:46:10 AM

work anywhere in the real world and online, we will certainly meet good people and those who are not in this case greed can be used by people who have a high appetite but they must know that it can have an adverse effect on them especially with the decrease in coin prices when this should be more vigilant.

I think everyone experiences the same thing as Crypto world price and especially happens to big investors who are very dependent on crypto. Don't be too quick to assess prices with the current decline.

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