Topic: The greedy must be poor (Read 698 times)
it's normal that someone would expect the highest price for their coin. we cannot control the crypto market but we can control our emotions not to rush in selling or buying coins. That's why investing in crypto, whether it's short term or long term, we must be able to manage it well in order to avoid losses and earn the profits. failure in invest can be a race in the future to be more careful and alert to the crypto market. It is not easy to be able to face this ups and downs in the crypto market, so it takes a strong mentality too.
I agree with you on this if we invest in a certain coin and have hit our profit target and greed increases so we can't sell and always think the price will get higher. But in fact, for that reason, I always force myself to ignore the best prices to sell to make a profit for myself. And myself I have known this for a long time, but I have also fallen victim to greed. Greed is where day traders on the floor become losers.
Greed will always be around us so it will become harder for us to controlled it. But if you are an experienced trader, i know you will not fall into that greed most of the time because you know already that prices won't stay on top at a long duration. Only newbies have troubles in controlling their greed since they always think that once the price is already in a high price, it will even go up higher, expecting more huge profits to come. But the market is not like that. There will always be price fluctuations when we least expect it so prices will definitely fall back. If we become more greedy, then there will be more chances of losing that will definitely make us poor in the end. Well, greed does not literally mean that it will pull you down making you poorer, sometimes it will also push you into more profits that will make you instantly rich.
I agree with you on this if we invest in a certain coin and have hit our profit target and greed increases so we can't sell and always think the price will get higher. But in fact, for that reason, I always force myself to ignore the best prices to sell to make a profit for myself. And myself I have known this for a long time, but I have also fallen victim to greed. Greed is where day traders on the floor become losers.
Cryptocurrency needs patience. sometimes the price of coin increases but people does not want to sell the coin. Beacause those people are in hope that the coin will increase more and more. They are unaware of the fact that there is no gaurantee in cryptocurrency that whether the price of coin will rise or will go into dip. So in this way greedy people often loss that little money too.
This is applying for all trading and risky methods if you have no patience then surely you are going to lose very quickly specially in cryptocurrency we have very quick movements so sometime if we lost our target then we need good patients without this we down and our situation is perfect. If you hold legit coins and tokens then never upset with price movement even it's going some good down because they can bounce back late or sooner. Cryptocurrency market is full of surprises you can go either way sometime you will achieve good profit without any hassle and sometime you will lose some big within seconds for this all you must be ready investors need to prepare the necessary knowledge and skills, especially calculating tools for better results.
It happens and was not easy to control. When a price surge is happening you cannot take your eyes of it. You are just mesmerize of the profits you might take if you wait for more not considering it could fall down. Only those experienced trader would go for a quick sell and maybe the rookies who takes profits as early as they could. They call it the "beginners luck".
Greed doesn't mean you are poor, it may also be a chance to stretch your gains if you know what you are doing.
This summarizes what happens to those people, when the price goes up and it keeps doing it for weeks and even months it is almost impossible for traders to imagine the price will go down, I know that this is just natural and it happens to every asset but to someone that is actually invested in the coin and that has never experimented it this is a mesmerizing experience, and then when the price begins to fall down they do not imagine this is the end of the bull run and they think it is just going to continue, and that is when they keep holding their coins and they lose the majority of the profits they got. Greed doesn't mean you are poor, it may also be a chance to stretch your gains if you know what you are doing.
If there is one thing that I have learnt ever since I started trading forex, that makes me understand the Crypto market better. It is what u called CEST. And what is CEST, the C- condition,E-entry, S-stop, T- trading psychology. Let me start from Condition-The mistakes most of us made is going into a trade blindly. Or going long on a coin we never know anything about. When you understand the market very well and you have some conditions met. Then, you can go ahead to rather go long or short. The E- the entry point. That is when it it right to buy and coin. Is it during their ICO or when people are dumping it? When you know this you will be definitely be in a safer side. The S- stop, in forex we can it either stop the loss or take the profit. Before the trade go against you. And the last one is the T- Trading Psychology, this is very important. You have to put your emotions aside else, you will run into big issue buy either wasting all you money.
That's the cryptocurrency law. Of course this happens. Because cryptocurrency is not only about the science of analysis, but also includes the science of psychology. If we are greedy, we will not know what we are investing in, all we are looking for is profit alone without fully supporting the project. Once the coin continues drastically we will panic sell it.
Everyone has their own goals in investing in cryptocurrencies.
What's wrong if indeed they still believe that the future of the coins they hold will be better even though it has now reached a hefty price.
All the risks must exist, which makes the poorer when the price is down and they panic to sell it without researching why the price drops so drastically.
What's wrong if indeed they still believe that the future of the coins they hold will be better even though it has now reached a hefty price.
All the risks must exist, which makes the poorer when the price is down and they panic to sell it without researching why the price drops so drastically.
Some people refuse to take profits when their coins and tokens are surging so high.
Because greed let people keep on waiting for higher and higher value for there coins and end up selling at dip.
You are right that some people cannot accept profits due to greed even if they get a chance. I don't know how much their coin price will increase and they will be satisfied. We must accept profits whether small or large. Because maybe the opportunity will come for you only once.Because greed let people keep on waiting for higher and higher value for there coins and end up selling at dip.
Cryptocurrency needs patience. sometimes the price of coin increases but people does not want to sell the coin. Beacause those people are in hope that the coin will increase more and more. They are unaware of the fact that there is no gaurantee in cryptocurrency that whether the price of coin will rise or will go into dip. So in this way greedy people often loss that little money too.
Greed is not necessarily poor, it may be a profit method for investors. They will stick to their set profit target and choose not to sell when prices rise. Invest in cryptocurrency and choose to hold it for a long time to get the most profit.
Greed is something everyone has. Greed can be used well. Greed means that you will choose to hold (stubborn). When the coin drops, you can choose to set a stop loss.
Very good advice from a newbie, I really appreciate it, but you also need to know that every trader who is very mature in the market certainly knows how to protect his assets and also how to use every feature that is on a particular exchange including stop losses.
There is no suspense. I want to quote a sentence. I don't know who said it. I suddenly remembered it. First of all, I'm quoting it and it cannot be regarded as plagiarism. This sentence is: The physical strength that God gives to each of us is limited, but the desires He gives to each of us are unlimited. So, as long as you are greedy, your principal will become zero. Regardless of whether you are a professional trader or not, controlling emotions and desires are your criteria for success.
Some people refuse to take profits when their coins and tokens are surging so high.
Because greed let people keep on waiting for higher and higher value for there coins and end up selling at dip.
Since price can’t go up all the time.
Because greed let people keep on waiting for higher and higher value for there coins and end up selling at dip.
Since price can’t go up all the time.
Greedy can be one of your characteristic if you will allow it to your personality, in short, this is a matter of choice.
If you are always after instant profit here in cryptocurrency without gaining any knowledge in it, therefore, you are
certified have that kind of bad behavior of being greed. And I am pretty much believed that not all greedy people are poor, in fact,
there are some actually because of their greediness, this is a real talk and happening to most of the people.
For shitcoin maybe that's the right expression, but for ETH, BNB, solana, cardano, and other top altcoins I think BNB owner CZ knows better "If you can't hold, you won't be rich.".
there are already many people who are rich from crypto because they are able to choose and hold altcoins that have the potential for it, so it all depends on the choices we make.
there are already many people who are rich from crypto because they are able to choose and hold altcoins that have the potential for it, so it all depends on the choices we make.
Greed is human nature. When the price rises, no one wants to sell their coins. When the price of the coin drops, you can set a stop-loss price. When the price drops to the price in your mind, you can choose to sell the coin in your hand to reduce your loss.
that's what greedy people usually do. selling at a loss due to late selling when the pump arrived.but sometimes some are late but still hold their assets for the long term. remain optimistic for higher prices in the future. it's humane because everyone has their plan for the investment assets they own. greedy or not, I think it's everyone's right. we can't blame him.
Greed is human nature. When the price rises, no one wants to sell their coins. When the price of the coin drops, you can set a stop-loss price. When the price drops to the price in your mind, you can choose to sell the coin in your hand to reduce your loss.
Cryptocurrency is a place where you have to face losses instead of profits if you do extra greed. Cryptocurrencies are seen by many new investors and traders drifting away from cryptocurrencies due to excessive greed. So you can't be extra greedy to survive in cryptocurrency.
Taking profits is a very important part of investing and trading but most newbies just hold blindly and refuse to take profits and that is why a lot of people don't make sustainable income through cryptocurrencies
You cant really blame out those noobs specially when they do saw that HODL type of word that they could really able to read up but they didntt know that this is just really applicable into those coins like Bitcoinand other top altcoins in the market but speaking with those low cap or unknown coins then it isnt really that something that you can rely on or would have precise results this is why hodling
is really something that do sticks out into their mind.Being greedy does have some positive impact on some cases but most of the time it would really be on negative one.
Taking profits is a very important part of investing and trading but most newbies just hold blindly and refuse to take profits and that is why a lot of people don't make sustainable income through cryptocurrencies
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