Greed is bringing loss for traders - page 30.

TheClownSong

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Quote from: bustedsynx on April 12, 2019, 02:15:55 AM

On the contrary, greed is good. It is the motivator for everyone to buy a coin. Without it, no one would risk losing one's savings. The problem with how we handle greed is losing perspective and let our emotions cloud our judgement and reality.

Indeed, sometimes greed is good in investment field. When others fear, its time to be greed, thats warren buffet said. I think not all greed is bad, its depend on the situation. Peoples who buying bitcoin at $3300 must be enjoying big profits right now and perhaps they want more and i dont think its a greed

bustedsynx

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On the contrary, greed is good. It is the motivator for everyone to buy a coin. Without it, no one would risk losing one's savings. The problem with how we handle greed is losing perspective and let our emotions cloud our judgement and reality.

tarable

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that's true because the problem is that there are already lots of examples of greedy people who often get losses because in any trade or work don't ever use greed if you want to succeed

betty11

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This is true, although it's synonymous to most traders, and it's something that has to do with human insatiable nature. Although with proper discipline and emotional management, this can be handled.

Duzter

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Greed gets accompanied with each and every user. With traders this isn't the reality but at times the market moves make them get into greed. One such that I experienced is during the bull market of 2017. By that time none expected such a growth and further on reaching that expected big and kept hold of the same. This caused big loss as price suddenly started to fall off.

Indrawan77

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Well greed is the in each human blood, so you need have self control in doing anything, in trading the first thing to have is the self control, greed has been causing people that already win become losing money, greed can cause people judgment become clouded and hoping for unreal things, if you still doing trading with greed one day you will lose all of your money

edmundo

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As do in all things. Greed has continued to be a bane to every human and has certainly led to lots of regrets and had I knows on the part of the traders. Sometimes, the greed of wanting more from a trade could lead to a complete loss of a winning trade. Instead of taking profits, traders will want to wait a little bit for more, this often times, lead to an abrupt market reversal and losses in the process leaving you completely shattered.

Danda23

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You are correct, most times as traders when we see profit, we keep hoping that the percentage profit will increase instead of taking profit, we keep holding for more increase, before you know it, it is back to a loss. So Traders should learn to be satisfied with little profit instead of loosing capital.

Jpti

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Greed is always a hindrance to progress and development. This will apply not only to cryptocurrency, but all life of human beings. People want to get more when they get something. In cryptocurrency, traders want to make more profits when they get a certain portion of profit. And such tendency of wanting more will lead to more loss. I have faced similar situation in my crypto life. However, I am learning knowledge about trading.

Starfranko

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You are right about that but I think most him and are afflicted with similar tendencies . Bigger is almost always better but the irony is that while waiting to have more we in mod cases loose the little that had come in. A bit of contentment and moderated expectations might just the the cure for greed

livingfree

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Greed is natural for everyone and without experiencing failure, you will never know and learn the lesson. I have that kind of mindset during the all time high season and got low cash by that time. I even thought that bitcoin would eventually reach $25,000 by that time so I was waiting for that moment but after my expectation, it became worse. The market started to correct but the hope has remained but at the end of the day, I'm wrong with that and I blamed myself for being greedy. Right now, I've learned the lesson and starts to take profit as long as it's on profit.

gensol

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Not only is greed responsible the rate of manipulation in the cryptocurrency market is also a factor worth considering. A coin pumps to 20% in mins and dumps 40% thereafter whom should be accountable for this act.

edisystem

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Can't agree more, greed is really a big enemy for traders.

I'm sure many traders ever experienced this, greedy and don't want to sell the tokens when the profit is good but keep holding and holding and they busted in the end because they keep holding and holding, don't want to sell and wanting more profit.

pushups44

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As long as investors are always cognizant that the market can drop 90% or more, I see nothing wrong with holding. All investors can do is research the projects they invest in to make sure they are legitimate and will still be around in 5 years.

Kelvinikke

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One lesson i have learnt in the investment into cryptocurrencies is to set your target of sell right before you invest and when you hit that mark don't hesitate to sell unless you have actual information about a further increase in that particular cryptocurrencies. Knowing when to sell your cryptocurrencies when they rise is a crucial decision that you have to take as a crypto investor.

Viper_Unleashed

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Patience and choosing good altcoins always overtakes.We have to admit we all are greedy or else why the hell (80% of us) will be here in crypto market doing trades and choose to be here.There is a very thin line between greed and madness.We just have to focus on that and always involve in low risk trades.The greed fear index has always been an indicator depicting the market situation and volatility.Expect the unexpected that is what-a total mind game. Wink

SistaFista

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Quote from: OluwaTosin10 on April 11, 2019, 07:27:10 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 ??

lol, yeah i got your point. Sometime the traders will be tempted to not sell and grab the profit because the hype.
A trader must not hold their coin, they must trade their coin because they cannot hold the coin for long time.
Different with holder, they won't say altcoins are shit because just because the coin price is going down. They can afford to holding for long.

adzino

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Quote from: OluwaTosin10 on April 11, 2019, 07:27:10 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 ??

1% to 50% profit is just the cap you have set. There are people who has different gold. Isn't it natural that they will expect more profit when they see a bull run coming? I don't see anything wrong for people to start holding when the price starts to rise. They are holding it which means they are risking it. They know the outcome might favor them or might go competently against them.
There is nothing we can do to "ease" the greed of the investors. It's all up to the investors to come to an understanding.

bartusv

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Having a trading plan you should define your profit goals and stick to them.
Taking the profit is one of the most important element of successful trading.

mrdeposit

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This is not greed. Greed should be used in different place. This is only the result of acting without getting information about the market. With more information and better research you can get what you want.

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