Topic: It's incredibly hard to sell when you are in a profit position, because of greed - page 3. (Read 590 times)
December 31, 2018, 07:29:14 AM
This is a given fact; greed drives people to their own demise and losses, as attested by the tons of people who complained of bitcoin being a scam after not getting out early. I myself am a victim of greed when I played on online casinos. I have been playing slots and am in great profit, only to lose it all expecting that i can still manage to cram a little more wins. Luckily though I've learned my lesson, and have managed to profit on the last bull run and bag the profits, and start a business that is still thriving up to now.
December 31, 2018, 05:52:27 AM
Hi folks,
Let's be honest a minute here, it is incredibly hard to sell, no matter the coin and no matter the profit.
Imagine those who bought Bitcoin at $1000, price went up to $19000 and all you could read on the Internet was predictions of $50,000, soon $100,000 (or much more than that... McAfee). Who would dare to sell in such frenetic phase?
And remember those who had some Ripple, they see a price of $2 per coin and think $2 is so low, so they wait (they of course compare the price to Bitcoin or even Ethereum at that time). I recently read an article predicting $500 for Ripple.
Greediness.
I know some people who bought Ripple at $0.50, were in a massive profit zone, they never sold and still hold today!
Let's face it, any decision in the crypto world is extremely hard to take!
So don't be too greedy, because:
-you will never sell even when the coin is down big time, hoping that it will go back up eventually
-you will never sell even when the coin is up...because if you do you will regret it when the coin has gained 100% again...
Opinions welcome
Let's be honest a minute here, it is incredibly hard to sell, no matter the coin and no matter the profit.
Imagine those who bought Bitcoin at $1000, price went up to $19000 and all you could read on the Internet was predictions of $50,000, soon $100,000 (or much more than that... McAfee). Who would dare to sell in such frenetic phase?
And remember those who had some Ripple, they see a price of $2 per coin and think $2 is so low, so they wait (they of course compare the price to Bitcoin or even Ethereum at that time). I recently read an article predicting $500 for Ripple.
Greediness.
I know some people who bought Ripple at $0.50, were in a massive profit zone, they never sold and still hold today!
Let's face it, any decision in the crypto world is extremely hard to take!
So don't be too greedy, because:
-you will never sell even when the coin is down big time, hoping that it will go back up eventually
-you will never sell even when the coin is up...because if you do you will regret it when the coin has gained 100% again...
Opinions welcome
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