The greedy must be poor - page 5. | Bitcointalksearch.org

KaliLinux

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Quote from: luca prieto on September 16, 2021, 05:38:29 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 don't believe that greed is the problem. Didn't Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and Greedy when others are fearful.” So at a point in your Investment life, you have to be greedy to be able to make good of your investments but the problem for me in this regard is Investors lacking an understanding of the market. So, when you understand when to be Greedy and enter the market hard and also when to pull out, you wouldn't have any problem but when you lack the necessary knowledge of the market, then it comes off as Greed but it is actually the lack of market knowledge.

Bikan

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We didn't fault anyone; as I already stated, individuals have been clamoring for further since its. As a result, many wait till it was too late to return.
As a result, they will have a significant and costly knowledge improvement. But however don't understand is when appropriate time to sell is because it is so difficult to gauge the marketplace.

herizal85

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Yes, your opinion is absolutely correct, at this time I still keep tokens that used to be very high in price, but I didn't sell them because I was waiting for the price to rise again. impossible so I better forget about it and look for a new token

MonaLeeTracy

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Very normal, Humans always want to get a lot of income from every effort they make, it is called "LUST". Greed occurs when lust has taken over a person mind which makes it difficult for that person to think perfectly, so that the profits that have been owned just disappear because it is difficult to control emotions due to a strong impulse from Lust. A greedy trader is always in the wrong position, because it does not specify a stop loss when the profit is in hand, after that will regret it when the price has started to fall because it does not sell when the price is still high.

bison

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Everyone certainly wants to sell their assets at a high price, with the aim of getting the biggest profit they can make, it is natural but if they are too greedy in expecting profit, it can be a boomerang for themselves. Many of us when buying a coin at a low price and suddenly there is a spike, of course we should have made a profit if we sold it, but unfortunately the desire to get a bigger profit makes us delay selling it and not a few end up getting only a little profit because the prices are back down.

Reid

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It's part of growing in the crypto industry and it doesn't mean to be a weakness unless you embrace the greed.
The fact is, it's bound to happen. Emotions like greed are part of being an investor or a trader. You want more profit. Who doesn't?
I think it will just be hypocrites who will tell stories that they haven't been greedy in their time.
It also doesn't mean you will end up poor. You can always change the strategy once you learn it.

sirminesalot

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Quote from: luca prieto on September 16, 2021, 05:38:29 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.

Deciding for not selling it when the price is high and planning to hold it longer is not always agreedy mindset, there are a lot of rich people who got rich by holding their investment assets for a long time like 20 years so they will make a high return.
So for long time investors it is usual as long as they don't buy a "trash" coins / tokens. I'm sure people who planned to hold a coin for a long time knows the coin that they hold are worth much in the future

Tashana

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Quote from: luca prieto on September 16, 2021, 05:38:29 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.

Most people in the field of encryption are too greedy to lead to the final loss. It is easy to stop loss because human fear has its limit, but it is difficult to stop profit because greed has no end.

dothebeats

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Or they think they simply know better and overestimated their calculations, hence why they don't take profits early and believe that they can still do better than what they currently can. I was guilty of this, and I have been forced to hold bags a number of times already because I refused to believe that the coins that I'm holding wouldn't meet my expectations and the predictions of other experienced traders which I follow. I simply just held until I get the money that I invested and get out of the market and never look back. Good thing I do have the patience to wait until I breakeven, but some people just can't, and will always be forced to sell at a loss.

jakdanyel

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It is a known thing among especially experienced investors. Greed can make people really stupid moves. And these moves might not end very well for the investors. One can lose their everything they invested into the coin depending on the quality of the project. I don't recommend people to invest nearly all of their savings even into Bitcoin. Because there isn't and won't be any guarantee in this market to make a decent profit.

freedomgo

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Everyone is greedy IMO, we will never be satisfied, we always seek more money and we don't stop chasing the opportunities to make more.

However, there are people who are greedy and stupid at the same time, they are most likely the losers in this game, so greediness should not be the cause, it's the lack of strategy and ignorance of the crypto market, that is the culprit.

Pelana vreo

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Quote from: luca prieto on September 16, 2021, 05:38:29 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.

It is a choice when you invest, because crypto has a fluctuating price, so someone will determine the selling price according to their wishes.
Like Doge, no one knows the price will go up to ath $0.6 and because some new investors believe the price will go up to $1 so they buy it and hold it for now, this is going naturally and I don't think it's greedy because they have a target long term investment by buying coins with good market cap

Gayong88

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Yes, and this is very prone to happen when the euphoria peaks with various reasons. One of the simplest and rarely taken into account is the taker and maker fees for each transaction. This also has an effect and impact, although it is very small, it is very pronounced in trading especially when buying and selling is below the purchase price, moreover, corrections can occur at any time

cafee_orange

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Quote from: luca prieto on September 16, 2021, 05:38:29 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 think it's natural and normal for someone who doesn't sell it even though the Coin held reaches a high price, maybe he knows more about the future information of the coin he holds. therefore when someone holds a Coin it is very important to do some research and read the roadmap or be able to follow their community on social media. there we will find out the development of the coin it holds.

Sayeds56

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Quote from: luca prieto on September 16, 2021, 05:38:29 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.

Well said. Greed and fear are two important emotion those work in any kind of trading. Booking profit is a good habit and trader should never quit this habit. We should not keep waiting to see higher and higher instead when you have reasonable profit sell your coins and enjoy profit. If you are long term then strategy should be different. Long term investors have a certain target price in their mind which is many fold higher than their buying price, they have capacity to hold their assets untila target price is reached.

otundebis

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The Cryptocurrency market is unpredictable and filled with surprises. It may be easy to castigate those who believe they can earn more money on their already pumped coin, but we know the higher price of coin doesn't mean it can go higher still. I think any investment that has gone 200% is a very successful one at that and one should be able to take profit!

ethereumhunter

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Yes, the greediness will come to them when they see the highest price but do not sell it right away. It is normal to see that because that can also happen to us and we still keep it for the next highest price but the next thing is we do not know if the price can still increase. We can sell for some percentage at the highest price to get our investment money back while waiting for the next highest price to sell the coin.

adzino

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Quote from: luca prieto on September 16, 2021, 05:38:29 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.

Maybe you are just being very judgmental over here? They probably don't sell because they haven't reached their profit goals. In this case, they are not being greedy. They are just being determined about their goals. Only those with paper hands are then ones that end up selling during a dip. We can't blame them too. They probably are new and sold because they are unaware about how the market works. In other words, they panicked. I am sure most of the people hold their coins during a dip. If everyone sold, we would be seeing a massive crash when the price starts to dip. That usually doesn't happen.

Farma

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Quote from: luca prieto on September 16, 2021, 05:38:29 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.

sometimes someone tries to hold their asset to get a higher price. imagine, when they managed to hold back the price increase that occurred in 2019 until this year, chances are they managed to get those profits because they kept holding on. however, we cannot judge someone when they are still holding the coin when the price is high. many things make people hold their assets, and we don't know why. maybe some people lose the moment to sell at a high price, but some people also regret selling at that price because there is still a bigger moment. what I want to say is, everyone has their own goals in investment matters.

well, we are talking in terms of investing in good things, like investing in popular coins. however, being greedy for other things like gambling, or anything else, is not good.

ivankoh

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Quote from: luca prieto on September 16, 2021, 05:38:29 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.

Greed does not necessarily lead to poverty. Greed goes within human nature. I think it's the "spice" that creates opposing emotions. Sure there will be times when you take profits but 10 days later the price of that coin is x2. Things can happen faster or shorter. Taking profit is not a good state of the investment plan for me. Who can deny that he is not greedy for profit?
Hold your bitcoins and allow greed to go further than you think.

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