Greed is bringing loss for traders - page 32.

pooh95

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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 ??

Greed will not disappear; This is the first thing that attracts people to cryptocurrency, the opportunity to earn. As for making a profit, everything is simple - everyone should experience all the errors on his own, and if he leaves cryptography later, I think this is not a place for the greedy and the faint of heart;

tomahawk9

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

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$

That's not a Trader, that's someone who doesn't know what he's doing.

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

What can be done to ease greed amongst investors ??

Nothing. They need to learn from their past mistakes in order to improve their skills in the cryptocurrency market, experience = better chances of getting positive results. But a smart investor or trader should know how to take advantage of prices swings, any trader losing money because of the current dip is clearly lacking skills.

Red-Apple

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this is not exactly "greed" it is called newbishness.

because when you are a newbie you obviously don't know what is going on. so instead of using your experience (which doesn't exist for newbies) they have to rely on their emotions and the advertisement they read from other pumpers that are fooling them. as a result they end up thinking they can make more money and continue bag holding instead of cashing out.

Thanasis

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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 ??

When people don't have any knowledge about crypto trading but still they want to make profits by buying and selling at the random time frame which is nothing but gambling so you can't say anything when you face losses because you re not prepared for it.If you want to control your greed and start making money try to use indicators and only keep the profit margin as small.

motienvolam

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There are at least three characteristics that will mostly lead investors to losses: greediness, fearness, and impatience.
Now, let's look deeper to each charateristics among the threes.
1) Greediness: it might cause FOMOs when investors see price rockets up a lot in short period of time, then they eventually decide to jump immediately to join the ride. Maybe they make decisions within minutes, without further investigation on which reasons force price move up fastly. Unfortunately, most of the time, they join ride when price almost hit its spikes and will end with taking loss or have to wait for too long to cash out at their bought price.
2) Fearness: will lead them to take loss when price nearly falls to bottoms.
3) Impatience: will restrict their times to buy at lows, and in turn increase risks to buy at highs.

zeze18

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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 ??

It's not always can classified as greed.
Many people wants long trade such as keeping their investment for years, also this type of traders is successful trader with 100x times ROI

bigcash2011

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You are right and i think this is natural and probably due to the high volatile nature of crypto market especially during parabolic bulls even 100x to 1000x targets seems reqlistic but personally i agree that we have to take some profits in between like we can take some percentage of profit at a certain price level then a little at next level this way we can withdraw our initial investment and profit and still hold some coins for long term and bigger profits.

OluwaTosin10

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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 ??

Topic: Greed is bringing loss for traders - page 32. (Read 16113 times)