The greedy must be poor - page 4. | Bitcointalksearch.org

Natsuu

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Quote from: Mpamaegbu on September 17, 2021, 03:41:48 AM

Your use of "Must" in the title topic – The greedy ~~must~~ be poor–, makes it sound like you actually know how it will end, and that's regrettably not true. You think those who bought Bitcoin in 2010 and sold off when it touch $10 will agree with you on that or those who bought in Dec 2020 and sold before May 2021? Definitely, not. Crypto is a highly unpredictable business. It's like biscuits and can break whichever way it pleases. ---

Indeed, I don't actually side with anyone who greeds, cause I believe that greed can only leads you to certain uncertainties and is an act that negates the very meaning of planning. but either way, not all the people who became "greed" by the context is poor or must be poor, its just a metter of experience and those experience will lead them to their betterment.

It is good to see the how long can it reach before you sell it out, regret is one of the things I don't specifically like happening and selling when it goes higher is more compelling than one thinks.

Fredomago

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Quote from: Beparanf on September 18, 2021, 08:22:33 AM

Quote from: raidarksword on September 18, 2021, 08:05:56 AM

I don't agree on this because there are two types of people in crypto, short term and long term holder. Having a mindset of long term is not being greedy because being a strong hands is a good way of making good profit in a long haul and especially good project is at stake. Sometime paper hands got rekt always and I had some experiences that I sold really early and now the price thousand times now. That's why If you have faith on the project you got to hold until it reached your selling price.

This is always the case but some people are buying near the peak then wait for long time which is the common reason why many small traders left out on a startup coin. The usual price pattern of startup coin was pump during the first week or a month for some case then dump hard for a long period time.

The case that being discussed by OP is not greediness but lack of knowledge on trading. Due to FOMO, people don't have any idea when to get out and that's the reason why they are always being left out on trading.

lack of ideas that mostly lead more traders to lose, without doing your own research the chance that you will riding with the hypes is always there, you need to observe and perform deeper research and studies, never to deal with your trades without good understanding, common mistake that keeps traders lose their money inside this trading business.

with the right understanding, it's easy to keep your holding and wait for your target selling price, but if you don't have that knowledge just a quick downfall will lead you to sell out of panic and lose your money.

jostorres

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Quote from: luca prieto on September 16, 2021, 04:38:29 AM

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.

I do not feel greedy nor poor. However, I have seen many poor people and been one back in the day and I have to say rich people are 100000x more greedy than poor people. If you ask a person who is starving and very poor and homeless, how much money they want, their vision would only allow them to reach to a level where they will never be that poor again, it could be a million dollars or two but it won't be one billion dollars, even at that it is one billion dollars max. What about Jeff Bezos? Elon Musk? bill gates? Warren Buffet? many more like that?

Those people are making money hand over fist and still paying people under livable wages, breaking unions, and trying to shred all the benefits they are giving just so the company could make a few billion dollars more. This is why wealthy people are greedier than anyone else in the entire world, that is how they got so rich.

cevap

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Quote from: luca prieto on September 16, 2021, 04:38:29 AM

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.

In my opinion, greed is the worst trait of all. Loosing money in crypto because of that is nothing compared to what was done to our world because of selfish desire of a small group of people. If there would be a way to cure this trait, world would be totally different.

BivxiuDavi

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Anyone is greedy. The rich and the poor both have to be greedy.
My strategy is:
Sell 50% of the purchased coins when the price doubles.
The rest is divided into 2 next parts: 50% is that you can sell coins when the price increases 10-100 times, 50% is that you can sell coins when the price increases 100-200 times.
Even if the price does not rise, investors do not suffer losses.
The cryptocurrency market is unpredictable and full of surprises. This is the most interesting position. It means that you are rich when you are greedy or poor when you are greedy.

When some profit is achieved, investors often tend to want to make profits faster and easier. The but too greedy will cause investors to make unfortunate mistakes like gold buying at high prices and not selling when the market falls deeply...

Therefore, to achieve solid benefits when investing, investors need to prepare the necessary knowledge and skills, especially calculating tools to test themselves before approaching the market.

junmisakiro

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Quote from: luca prieto on September 16, 2021, 04:38:29 AM

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.

This is not greed but not following the investment plan that has been made, so investors will get carried away when the market price is at its peak or the portfolio has reached an all time high, they continue to hope to achieve even higher returns, although in the end they have to leave the market with loss because they can't hold the coins any longer.

Beparanf

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Quote from: raidarksword on September 18, 2021, 08:05:56 AM

I don't agree on this because there are two types of people in crypto, short term and long term holder. Having a mindset of long term is not being greedy because being a strong hands is a good way of making good profit in a long haul and especially good project is at stake. Sometime paper hands got rekt always and I had some experiences that I sold really early and now the price thousand times now. That's why If you have faith on the project you got to hold until it reached your selling price.

This is always the case but some people are buying near the peak then wait for long time which is the common reason why many small traders left out on a startup coin. The usual price pattern of startup coin was pump during the first week or a month for some case then dump hard for a long period time.

The case that being discussed by OP is not greediness but lack of knowledge on trading. Due to FOMO, people don't have any idea when to get out and that's the reason why they are always being left out on trading.

raidarksword

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I don't agree on this because there are two types of people in crypto, short term and long term holder. Having a mindset of long term is not being greedy because being a strong hands is a good way of making good profit in a long haul and especially good project is at stake. Sometime paper hands got rekt always and I had some experiences that I sold really early and now the price thousand times now. That's why If you have faith on the project you got to hold until it reached your selling price.

kotajikikox

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Quote from: luca prieto on September 16, 2021, 04:38:29 AM

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.

Wrong term instead "Greedy Must be the Loser" , you cannot tell they are poor because sometimes market even favored them.
what is loser is that they don't win mostly but they keep risking seeking for "One time Big time" opportunity .

Quote from: MaiQwaN on September 18, 2021, 06:10:11 AM

Different people are in different financial conditions and have different, their own investment strategies. Therefore, I would not call it greed that a person does not immediately sell his increased asset just because he showed double profitability. Everyone can have their own investment period.

exactly , because like me i keep on holding because i trust the coin will go up more int he future.

and also what can we call the Early adopter of Bitcoin? are they greedy for trusting this will reached this top? and are they Poor now? rethink lol.

Twinscoin2017

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Quote from: luca prieto on September 16, 2021, 04:38:29 AM

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.

You have a point, greed is the number one factor that can affect our decisions. It can really make us loss and the worst when we become poor because of our greed. But I think most of us know about how greed ruin our life as an investors or traders so most of us wanted to have a solution.That is why most of the investors invest in different coin and if they loss because of the coin that they've invested today they can still earn on other coin tomorrow. Never put an egg in one basket there are always a right time to be greedy and their are also a right time of giving up on the coin that you are holding. Losing is normal we don't know what will happen to the market in the next day we are on crypto currency market that is high on volatility so it is really hard to predict or earn, we are not here to have a millions of dollars for just one night, we also need to learn how crypto market works and how to control our emotions in different market situation.

rika0223

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In my opinion it's not greed, but the person has a commitment so that he hasn't let go before the target is achieved, and behind the patience of that commitment there is a very big and extraordinary success. Only experienced investors do it in such a way that he doesn't care with what other people say behind him, want to say greedy or stupid for him but he doesn't care about such talk

rainingbitcoins

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this often happens to a beginner who wants to get a bigger profit, thus making them wait too long and when the token or coin they are waiting for drops from the market price they usually sell it out of panic or sometimes because of a sudden need for living expenses. but when someone is an expert then they will wait how far the altcoin will come back and of course seen from the potential of the altcoin whether it will be long-term or short-term to be used as an investment.

MaiQwaN

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Different people are in different financial conditions and have different, their own investment strategies. Therefore, I would not call it greed that a person does not immediately sell his increased asset just because he showed double profitability. Everyone can have their own investment period.

(o)(o)ilikeboobs(o)(o)

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Until now, I still respect the saying "Taking profit is never wrong". This statement is even more true when we are in a volatile market like crypto.
On the other hand, this saying will be wrong when applied to Bitcoin because many people have bought it for a long time at a low price and made a very good profit.
Taking profit depends on the trading objective of the trader.

kryptqnick

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Quote from: luca prieto on September 16, 2021, 04:38:29 AM

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.

Associating greed with being poor is actually a common misconception. I tend to believe that greed is something that can be displayed in people regardless of their social status, but I see that there is also research, suggesting that people with higher social status tend to display greed more often (or, at least, tend to be favorable toward greed). Here's a quote from a very highly cited article on the matter:

Quote

These findings suggest that upper-class individuals are particularly likely to value their own welfare over the welfare of others and, thus, may hold more positive attitudes toward greed.

As for the issue of not selling when the price is high, I think it can be contributed to different factors and circumstances matter in these cases. If someone has a sell target, and it wasn't reached yet, hodling through the rising and falling prices is reasonable. If a person intended to sell at, say, $40k, but now that the price is there decided that that isn't enough, it's a different story.

Devifajarina

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Quote from: luca prieto on September 16, 2021, 04:38:29 AM

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.

When coins and tokens spike at the previous price, we don't sell them, then that's the wrong pattern of investing, this is much worse than the greed that exists in someone, investment is basically looking for maximum profit, but when the price of tokens and coins goes up we not taking advantage of it is a big mistake, this condition needs to be changed and is not worth maintaining, if we want our investment to be successful and profitable in the future.

ILuckyGuyI

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Greedy people should always be ready to lose even their capital in a coin. Greed makes people take unreasonable actions. Nobody should act with greed. I think that people should have price goals for themselves if they are having problems on controlling themselves. This is a highly volatile market. If investors don't act smart, then they will most probably lose too much money.

michellee

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Most of the traders expect more profit with less effort so they are greedy without checking anything. After investing in less reliable tokens you lose everything and become poor that's why you need to check your tokens before investing if the price goes down you have to keep it without selling it when the price is high you have to sell there is a great opportunity to buy less. It is important to analyze new tokens before investing.

But unfortunately, they can not expect to make more profit if the market is not moving as predicted. We faced many times the market can change the directions after reaching some point and the price turns to the lower price without we realize. If you can not handle your greediness, you will not make a profit instead only lose your money but if you can stay calm in the downtrend, you can see your investment will grow in the future. Only traders who can have patience and not rush can profit because they will see the time to buy or sell the coin and analyze it before they do something.

Marvelman

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Quote from: luca prieto on September 16, 2021, 04:38:29 AM

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.

These could be for personal reasons, like the fear of missing out on a possible gains. But some investors aren't cashing out because they know that another bull run is coming. The last two big Bitcoin bull runs happened when there was a lot of hype around the potential of the coin. Everyone was talking about how Bitcoin was going to be the next big thing and investors were taking profits at the peak and getting out as the hype dissipated. But now there is no hype about bitcoin or any other cryptocurrency and the market has calmed down a bit. Anything can lead to a new hype, maybe a Bitcoin ETF, maybe a new country will declare it a legal tender... nobody knows.

pealr12

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Quote from: luca prieto on September 16, 2021, 04:38:29 AM

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.

Perhaps you are right, it is good to take profit when you see a raise in price but some other times even if you didn't take profit as at when you see a price high don't mean you are doom,
Take btc for instance, those who took profit at 20k must be feeling sad when btc smash above 20k and kept moving, taking profit is good, but if you have a potential coin, even if you don't take profit then you can always do so when the price goes even higher.

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