Greed has cost a lot of us. Many of us would have done things differently if given the opportunity again. Many times you could have taken 5% or 10% profit but instead choose to hold and in the process get rekt.
For sure it is our nature and man has this nature to be greedy sometimes, as when the price rises we see then we want to become rich faster and in doing all this we sometimes lose the opportunity of huge profit for the sake of just temporary profit, so I personally never let my greed spoil my benefit and I try to hold until the price rises to the peak.
Topic: Greed is bringing loss for traders - page 28. (Read 16113 times)
I don't want to do the whole "greed is good, greed for lack of a better word is.." nah, that is gordon gekko and I am not him, greed is not something that we look for, its not the actual reason why we do things we do, but what we need and our goals do require a bit of greed.
When you create a new coin you are greedy and you think others haven't seen the ways you seen and you want funding so you can go build the thing you wanted to build and not only build it but have most of it as well and than improve it, hire best developers, great designers, amazing marketers and have a cult following, you want to be a god.
Now, because you are greedy, it sounds super greedy but its because you really think it will help the world. You are doctor doom, your motive is justified but your actions are not.
When you create a new coin you are greedy and you think others haven't seen the ways you seen and you want funding so you can go build the thing you wanted to build and not only build it but have most of it as well and than improve it, hire best developers, great designers, amazing marketers and have a cult following, you want to be a god.
Now, because you are greedy, it sounds super greedy but its because you really think it will help the world. You are doctor doom, your motive is justified but your actions are not.
It's their own fault for being greedy too much. It really depends on the person on how disciplined he is in order to control greed and trade properly. People are naturally greedy in nature, but we are a rational being. We have our own mind to be able to overcome this kind of things.
Honestly, I never put that effort to such trade if there is no return on the investment as planned. The greed is good as it was already surrounded by leading financial analysts(like GEKKO in Wall Street movie).
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$; they say altcoin is shit, that is shit
What can be done to ease greed amongst investors ??
Negative holding and trading experience can make greedy investors to change their strategy. After a several big losses investor will have to suppress his greed and start to think over every move to avoid the same mistakes. Which is to make profits from 1% - 50%
I.e a trader of 100$ 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 is indeed real and I have experienced it myself and it will become a learning for myself so that I am not greedy in making the take profit target so that it is the loss we will get
Yes right, in a market condition that is still red and unpredictable, we have to determine the target, if we have got the target profit, immediately buying or selling is an option that must be done, always planning in work will make us successful.
I think, no one can stop their greed, the humans are greedy and never satisfied, only FUD and negative influences can stop their greed. because FUD makes the market fall.
and they will choose to be quiet and they can only create small and slow trades.
and they will choose to be quiet and they can only create small and slow trades.
I would agreed that greed was never give any good for the individual traders who play in the market. Instead, it always gave a loss of capital investment for the investors. And most of the successful traders here in this business I am very much sure that they are not greedy people.
To make huge profit from a particular project, holding for a very long time is needed but refusing to sell after making 50% is what I don't count as greed, selling too early most times due to small pumps later always result to regrets.
such pumps are very fast, so you need to place an order for sale immediately after purchase, so as not to miss the pump What can be done to ease greed amongst investors ??
Greed is part of the game and it is one of thr most exciting things in Crypto though one needs to have its limits. The idea of turning your 100 usd to 1000 usd drives people more into cryptocurrency than any other things.
Greed is a terrible quality. I think that now the situation with traders will only get worse, because the market today is starting to really move upwards. The situation is clearly improving, but all this is clearly temporary.
Greedy is the right step for investors who invest their funds in the long term. but it is too risky for traders because they play every day, with and large they are greedy and enter, while the market changes every day even in a matter of hours. and high increases always occur in the long run. so, greedy is best for investors.
You are very correct every investors and trader want to make 800% profit before the consider cashing out they profits but at the end the lose everything, in crypto you don't have to hold on too tith because if you get too greedy you may lost all your investment and at the end make negative comments about the coin you invest in.
I think greed brings both loss and gain, not just loss. My own terms of defining greed when it comes to trading is taking risks. No one will like to lose but strong willed traders like to take risks.
To make huge profit from a particular project, holding for a very long time is needed but refusing to sell after making 50% is what I don't count as greed, selling too early most times due to small pumps later always result to regrets.
Naturally, if an investor wants to make as much profit as possible, because a project requires initial funding from an investor who needs a lot of funds so the project can run
I did once has a coin made 1000x from ico and i waited for 5000x. As you can expect it didn't get to 5000x and it dropped a lot. I sold it and bought something else which also dropped a lot. Now, it seems that 1000x is returned the original value. If i weren't greedy much...
With such increases is very large and now there are many coins or tokens to be more than just ico they are difficult, prices like ico alone are also not infrequently they have difficulty to be able 
greedy with knowledge will be different from greed of fools, I think greedy is indeed human nature, but if greed is accompanied by knowledge it will be good energy in trading, but if greed is with ignorance then it will make them lose.
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