What type of a trader/investor is this? - page 2.

oktana

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Quote from: Gladitorcomeback on June 04, 2024, 12:31:53 PM

Quote from: oktana on June 03, 2024, 06:59:04 PM

I would rather attribute it to him being too greedy because he had only $3k! If you see $80k and not grab it, what then are you looking for? What opportunity would you appreciate. Another cause of this could be that he never really had a plan. I mean... He never had a target amount he wanted to take out the money. If I were him, I'll likely take the money out way before $80k because half bread is quite better than none (he has nothing now).

Talking about a half, if I were in that position, I would at least sell half of the assets, take $40k, and then leave the remaining just in case the profits increase with the market, but it's not wise to not take any profit at all because you should expect both positive and negative outcomes from a volatile market since volatility can go either side.

Some people often say that one should never sell their assets and keep holding but I don't agree with that. I believe you should keep taking profit from time to time so that you don't miss good opportunities, it's just like buying using the DCA method where you don't want to miss any buying opportunities.

So it's always better if a person does what's best based on the conditions.

You can’t just say it like that because you don’t know what the peak amount will be, so if you’re saying $80k that means that you’re saying it because you know that was how high it got. Instead you should start by telling the target price you’d have sold at (just to be safe and avoid losing all gains because you don’t know if a dump would come next). Because really, this investor didn’t know $80k would come and must have hoped for even a way lower amount or price.

Gladitorcomeback

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Quote from: oktana on June 03, 2024, 06:59:04 PM

I would rather attribute it to him being too greedy because he had only $3k! If you see $80k and not grab it, what then are you looking for? What opportunity would you appreciate. Another cause of this could be that he never really had a plan. I mean... He never had a target amount he wanted to take out the money. If I were him, I'll likely take the money out way before $80k because half bread is quite better than none (he has nothing now).

Talking about a half, if I were in that position, I would at least sell half of the assets, take $40k, and then leave the remaining just in case the profits increase with the market, but it's not wise to not take any profit at all because you should expect both positive and negative outcomes from a volatile market since volatility can go either side.

Some people often say that one should never sell their assets and keep holding but I don't agree with that. I believe you should keep taking profit from time to time so that you don't miss good opportunities, it's just like buying using the DCA method where you don't want to miss any buying opportunities.

So it's always better if a person does what's best based on the conditions.

FanEagle

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Risk taking isn't all that bad, of course this person didn't know where to stop, but if he didn't then he would have never learned this lesson neither. Next time he does it, he will be aware of the situation, and if he ever reaches 80k, then he would be able to take out his money a bit. Imagine if he took out 3k when he doubled his money, maybe he wouldn't have 80k, maybe he would have 30 or 50, but then he would have his 3k back, and go do it somewhere else.

I keep telling people the same thing, take out your money when it doubles. But I applaud this person, he did something quite nice, and I believe that the best thing to do in this case would be just realizing that you are going to lose, as long as you learn from it, losing is fine.

fauzan Ichsan

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Quote from: doomloop on June 03, 2024, 01:25:23 PM

Quote from: Peanutswar on June 01, 2024, 04:56:43 AM

Same stories to those traders who already gained profit but still dotn want to take their asset back because they are still hoping more than they are seeing in their wallet. One of the common mistake is the traders is being greedy imagine you can take home those gains and still hoping to get more, now the market crash and get honeypot you cant pull it out every seconds matter in trading if it's already hit a multiplier with your investment take it. That's the lesson in the memecoins or shitcoins it's not a long term investment seconds matter in their coins not like the top currencies.

Yes, greed can be a dangerous pitfall for traders, causing them to hold onto assets for too long, hoping for big gains, only to lose everything when the market crashes. When an investment reaches a multiplier, it is important to earn profit and secure gains rather than risk everything for more. This is especially important in the volatile world of meme-coins and shitcoins, where seconds matter and market fluctuations can be extreme. One should Prioritize risk management and timely decision-making rather than getting caught up in the lure of potential gains.

A right decision made at the right time always makes you confident and successful instead of thinking and waiting for more. The main reason for failure in trading is not estimating the right time of entering but not doing the right time of closing.

To be able to determine the right entry and closing time is not easy, we have to be able to know the buying and selling areas, and if our analysis is wrong, then there must be a plan B, therefore knowledge and experience in investing are needed. On the other hand, psychology must also be formed to be able to take action well, because greed is the main problem in failure, many of them actually experience panic selling.

oktana

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I would rather attribute it to him being too greedy because he had only $3k! If you see $80k and not grab it, what then are you looking for? What opportunity would you appreciate. Another cause of this could be that he never really had a plan. I mean... He never had a target amount he wanted to take out the money. If I were him, I'll likely take the money out way before $80k because half bread is quite better than none (he has nothing now).

Lanatsa

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Quote from: doomloop on June 03, 2024, 01:25:23 PM

Quote from: Peanutswar on June 01, 2024, 04:56:43 AM

Same stories to those traders who already gained profit but still dotn want to take their asset back because they are still hoping more than they are seeing in their wallet. One of the common mistake is the traders is being greedy imagine you can take home those gains and still hoping to get more, now the market crash and get honeypot you cant pull it out every seconds matter in trading if it's already hit a multiplier with your investment take it. That's the lesson in the memecoins or shitcoins it's not a long term investment seconds matter in their coins not like the top currencies.

Yes, greed can be a dangerous pitfall for traders, causing them to hold onto assets for too long, hoping for big gains, only to lose everything when the market crashes. When an investment reaches a multiplier, it is important to earn profit and secure gains rather than risk everything for more. This is especially important in the volatile world of meme-coins and shitcoins, where seconds matter and market fluctuations can be extreme. One should Prioritize risk management and timely decision-making rather than getting caught up in the lure of potential gains.

A right decision made at the right time always makes you confident and successful instead of thinking and waiting for more. The main reason for failure in trading is not estimating the right time of entering but not doing the right time of closing.

Pretty sure that all of us did really come into this kind of point on where we are really that hoping into holding into something because we do have hopes that it might be making some moonshot and make ourselves that rich and able to retire. All of those things and plans we do have in mind would really be able to happen if those coins that we are holding will really be making out such movement on which this is the main reason on why we would really be holding our positions because we do really wish that it would make it happen. There are really times or those things in the past that i have hold for more longer and missed out on taking up profits because i was hoping that it would increase even more but well thats life on which if you wont be taking up some risks then you cant make things happen.

Although it would really be something that you cant really be able to forget for the rest of your life because you are really that experiencing specially if its a big loss or
missed up opportunity.

doomloop

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Quote from: Peanutswar on June 01, 2024, 04:56:43 AM

Same stories to those traders who already gained profit but still dotn want to take their asset back because they are still hoping more than they are seeing in their wallet. One of the common mistake is the traders is being greedy imagine you can take home those gains and still hoping to get more, now the market crash and get honeypot you cant pull it out every seconds matter in trading if it's already hit a multiplier with your investment take it. That's the lesson in the memecoins or shitcoins it's not a long term investment seconds matter in their coins not like the top currencies.

Yes, greed can be a dangerous pitfall for traders, causing them to hold onto assets for too long, hoping for big gains, only to lose everything when the market crashes. When an investment reaches a multiplier, it is important to earn profit and secure gains rather than risk everything for more. This is especially important in the volatile world of meme-coins and shitcoins, where seconds matter and market fluctuations can be extreme. One should Prioritize risk management and timely decision-making rather than getting caught up in the lure of potential gains.

A right decision made at the right time always makes you confident and successful instead of thinking and waiting for more. The main reason for failure in trading is not estimating the right time of entering but not doing the right time of closing.

Lantind

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Quote from: Finestream on June 03, 2024, 07:47:37 AM

Quote from: Hypnosis00 on June 03, 2024, 06:22:25 AM

Too much assumptions and greed will certainly end up in regrets. It has been shown and proven many times that this is not good in crypto and even in other forms of trading. That is why we should have to change this kind of strategy and adopt the best and working way of trading.
I would prefer to earn at least 3-5% every close trade rather than aiming for 101%.

A smart investor/trader knows what is best for them but that person pointed out by OP is a newbie to this. I think he/she needs some experience and trading advice or else, this will happen again and again.

I cannot say that he’s definitely into trading, but it’s more like he’s gambling and trying his best luck to win a jackpot. No good trader won’t ignore significant profits, and miss a big opportunity like this. Even if lets say he’s a newbie in trading, still looking at a huge gap from $30k to $80k and still not decide to sell, that’s actually unbelievable. Either this is just a made up story, or actually a trading scenario wherein a trader itself is not actually aware of what he’s doing.

I agree with you, these people don't really like trading and they treat trading like gambling and most people still ignore the profits they have made. I think this is caused by their mistakes in analyzing the market and also their greed regarding the trading they do, of course. This is very detrimental to themselves because it is not certain that they will be able to get even bigger profits if they decide not to take these profits and if this is just a made-up story, of course we can use this as a lesson so that we understand after getting the benefits. It would be better if we could use it to enjoy or reinvest.

Finestream

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Quote from: Hypnosis00 on June 03, 2024, 06:22:25 AM

Too much assumptions and greed will certainly end up in regrets. It has been shown and proven many times that this is not good in crypto and even in other forms of trading. That is why we should have to change this kind of strategy and adopt the best and working way of trading.
I would prefer to earn at least 3-5% every close trade rather than aiming for 101%.

A smart investor/trader knows what is best for them but that person pointed out by OP is a newbie to this. I think he/she needs some experience and trading advice or else, this will happen again and again.

I cannot say that he’s definitely into trading, but it’s more like he’s gambling and trying his best luck to win a jackpot. No good trader won’t ignore significant profits, and miss a big opportunity like this. Even if lets say he’s a newbie in trading, still looking at a huge gap from $30k to $80k and still not decide to sell, that’s actually unbelievable. Either this is just a made up story, or actually a trading scenario wherein a trader itself is not actually aware of what he’s doing.

Hypnosis00

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Too much assumptions and greed will certainly end up in regrets. It has been shown and proven many times that this is not good in crypto and even in other forms of trading. That is why we should have to change this kind of strategy and adopt the best and working way of trading.
I would prefer to earn at least 3-5% every close trade rather than aiming for 101%.

A smart investor/trader knows what is best for them but that person pointed out by OP is a newbie to this. I think he/she needs some experience and trading advice or else, this will happen again and again.

Egii Nna

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Quote from: Ben Barubal on June 01, 2024, 06:54:04 PM

That is just one of the causes or effects of gambling addiction when the gambler is addicted and has greed.

And if the story OP is telling is also true, you can also use terms that are not good for him because the system of greed has really swallowed OP. And I hope he was not depressed by that experience and that he overcame it.

I can say you didn’t even read what Op wrote. The reason I said so is that we are not talking about gambling here. This is a discussion about trading, which is different from gambling, but some people who have less knowledge about it will think that it is the same as gambling, which is not.

Furthermore, Op is not the main person who witnessed the incident, he also read it. I think it will be good for him to share the story, which is why I say you didn’t read the topic but just decided to post. That is why it is always good to understand something before you post something related to it, but maybe I will say that you probably couldn’t convey the information well, which is why you wrote your post this way. All I will encourage is that when posting, try posting something relevant to the post to which you are replying.

fuguebtc

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Quote from: irhact on June 01, 2024, 09:32:26 AM

Quote from: fuguebtc on May 31, 2024, 03:43:33 AM

Altcoins are all the same, I don't differentiate between junk projects and utility projects because there is also no guarantee that the top projects will survive in the long run. Investing in altcoins is short-term speculation and unlike long-term investments in bitcoin, once we make profits from them, we should take profits. Don't naively believe what they advertise and think we can invest long term in altcoins, it's very risky.

All altcoins aren't the same, we have altcoins that are contributing good things to the cryptocurrency market and we have those that are just here to make you lose money and if you keep buying them you might have nothing left. Memecoin are some altcoins that are just not worth buying but the layer 1 coins that help in bringing new utility to Blockchain as Ethereum and Solana are good altcoins that you can buy to hold for long term and you can make profits.

The type of trader or investors that we should be is that one that does his research before buying or trading any cryptocurrency. You can make money from any altcoins that you want to buy or trade but if you do not research on the project, you would not make profit unless you're lucky. Do not be the types of investors or trader that just buy anything that they see without researching.

I understand what you say, but I consider all altcoins the same because even top projects like ETH, BNB, SOL..can collapse at any time, there is no guarantee that they are projects that will be with us for a long time like bitcoin. Perhaps the most realistic example is Luna, an altcoin also in the top 10 and considered a potential altcoin but the results we all know. Among them maybe ETH will be the exception because as we all know ETH ETF has been approved but for the rest, I don't see any guarantees.

By the way, I do not believe in the promises of altcoin projects, I have not seen any that have been put into practical use and have specific use cases. Everything is still in the developing stage and has just stopped on paper. In short, for me, altcoins are more suitable for speculation than for long-term investments with them.

Ben Barubal

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Quote from: Egii Nna on June 01, 2024, 04:48:01 PM

Quote from: bSpend on May 19, 2024, 08:25:06 AM

St $80,000, he still didn't take profit, can we attribute or say the cause of his loss was due to him being too greedy, or being too patient, or over trusting or believing in the coin/token he bought?

If he is really telling the truth, then definitely I will say he is very greedy because knowing that he invested in a meme coin and anyone who knows trading knows that meme coin usually rises up very high then suddenly dumps to the lowest that you will ever think of, so I see no reason why you will like to keep your money when you know that you have gotten almost 27x of what you have already invested. Definitely, you have to know that you are lucky, so the solution will be to take your profit, but due to his greed, he wants to get 100x or 50x. I don't know, maybe that is why he left it.

But to be sincere, if it were me, I think no one will remove that profit as fast as I will because I have gotten a good profit. Even though I have potential on the meme coin, I will still remove it and then leave like $3000 worth of the coin.

Until now, I am really thinking that of the 80,000 dollars, nothing was released—at least 1/4 of it—and around 20,000 dollars. I wish he had released 3,000 dollars separately. That is just one of the causes or effects of gambling addiction when the gambler is addicted and has greed.

And if the story OP is telling is also true, you can also use terms that are not good for him because the system of greed has really swallowed OP. And I hope he was not depressed by that experience and that he overcame it.

Egii Nna

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Quote from: bSpend on May 19, 2024, 08:25:06 AM

St $80,000, he still didn't take profit, can we attribute or say the cause of his loss was due to him being too greedy, or being too patient, or over trusting or believing in the coin/token he bought?

If he is really telling the truth, then definitely I will say he is very greedy because knowing that he invested in a meme coin and anyone who knows trading knows that meme coin usually rises up very high then suddenly dumps to the lowest that you will ever think of, so I see no reason why you will like to keep your money when you know that you have gotten almost 27x of what you have already invested. Definitely, you have to know that you are lucky, so the solution will be to take your profit, but due to his greed, he wants to get 100x or 50x. I don't know, maybe that is why he left it.

But to be sincere, if it were me, I think no one will remove that profit as fast as I will because I have gotten a good profit. Even though I have potential on the meme coin, I will still remove it and then leave like $3000 worth of the coin.

boyptc

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Quote from: Yamifoud on May 31, 2024, 06:49:59 PM

Quote from: boyptc on May 19, 2024, 03:53:17 PM

A common greedy investor.

Don't be like him, there have been many opportunities that are coming to us and if you're not going to be as wise as you can be, you'd definitely lose a lot of money.

It's not about how much you make but how much you can keep based on the emotions that you're having at that time of profits.

I assume that person is not greedy but just unaware of the current situation. With a lack of knowledge and market updates could possibly lose their chances to make a profit.

I assume that person is also a long-term investor and doesn't care about today's happenings but is certain about his/her goal a few years from now.
If I was right, this would tell us that the market volatility could give us a chance to earn big but sometimes also could miss it.

That is why I would say that we don't have to feel regret about whatever happens to our investment because we don't have control over the market trend.

He's not a long term investor. He's a trader and made $3k to $80k and did nothing, he said that he didn't took profit.

Possible that he has waited for more to increase the potential profit that he's got but did nothing. Then he has made back to $10k and then lost it again.

A long term investor seeks profit not to seek nothing so I don't think he's not a long term investor, he's aware of the market but greed fed him.

stomachgrowls

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Quote from: irhact on June 01, 2024, 09:32:26 AM

Quote from: fuguebtc on May 31, 2024, 03:43:33 AM

Altcoins are all the same, I don't differentiate between junk projects and utility projects because there is also no guarantee that the top projects will survive in the long run. Investing in altcoins is short-term speculation and unlike long-term investments in bitcoin, once we make profits from them, we should take profits. Don't naively believe what they advertise and think we can invest long term in altcoins, it's very risky.

All altcoins aren't the same, we have altcoins that are contributing good things to the cryptocurrency market and we have those that are just here to make you lose money and if you keep buying them you might have nothing left. Memecoin are some altcoins that are just not worth buying but the layer 1 coins that help in bringing new utility to Blockchain as Ethereum and Solana are good altcoins that you can buy to hold for long term and you can make profits.

The type of trader or investors that we should be is that one that does his research before buying or trading any cryptocurrency. You can make money from any altcoins that you want to buy or trade but if you do not research on the project, you would not make profit unless you're lucky. Do not be the types of investors or trader that just buy anything that they see without researching.

We do have that differentiation and its not really that something hard for you to spot out on which one is considered to be a solid project and which one is shit or just simply saying about those meme coins.
If we do really tend to compare on how many coins that we do have in the market that circulats todays and to those which do come and go then we could really tell that there are tons.
This is why we should really be that wise on choosing on which coins that we are really that tending to hold for long term. Somehow, you cant really be able to blame out those people who would really be tending to take risks on dealing up with memes just because there's really that chance on making your life that way more better in terms of finances or making hundreds of thousands or even millions of $$$ but of course it would really be needing up that significant luck considering most of those shit coins or memes are really that easy come and go.

Just like others been saying that this would really be that a hit or miss for those who do tend to deal up with meme coins on which these are the coins/tokens that could
make that moonshot in a short period of time.

irhact

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Quote from: fuguebtc on May 31, 2024, 03:43:33 AM

Altcoins are all the same, I don't differentiate between junk projects and utility projects because there is also no guarantee that the top projects will survive in the long run. Investing in altcoins is short-term speculation and unlike long-term investments in bitcoin, once we make profits from them, we should take profits. Don't naively believe what they advertise and think we can invest long term in altcoins, it's very risky.

All altcoins aren't the same, we have altcoins that are contributing good things to the cryptocurrency market and we have those that are just here to make you lose money and if you keep buying them you might have nothing left. Memecoin are some altcoins that are just not worth buying but the layer 1 coins that help in bringing new utility to Blockchain as Ethereum and Solana are good altcoins that you can buy to hold for long term and you can make profits.

The type of trader or investors that we should be is that one that does his research before buying or trading any cryptocurrency. You can make money from any altcoins that you want to buy or trade but if you do not research on the project, you would not make profit unless you're lucky. Do not be the types of investors or trader that just buy anything that they see without researching.

fuguebtc

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Quote from: bettercrypto on May 31, 2024, 03:11:04 PM

Quote from: fuguebtc on May 31, 2024, 03:43:33 AM

-.-

Whether it's altcoins or meme coins, like you said, it's the same that there is a real risk; it's just higher than meme coins. Especially recently, a lot of meme coins have really come out under the Sol network, and some have been exploited by hackers under the Sol network just last week.

Because the hacker probably saw that there are many obsessed communities that are taking the chance to get rich from the meme coins that they choose to use their investment, especially since recently there are a few meme coins under sol that have boomed in the market and have even been listed among the top exchanges only recently, that's why more caution is still needed for our communities in this field of the crypto industry.

Investing in altcoins, especially memes is very risky but as I said, speculating in them is not too bad if we are knowledgeable and willing to accept the risk.

I also invested a little in Bonk, Wif and bome quite early on, they are all memes of the Solana. Currently, they are giving me a decent profit and I haven't taken my profit yet, I bet many people will say it's too risky but I'm willing to take the risk to get a bigger reward. In addition, I only invest a small amount of capital in them, so if there are any problems, it won't affect my investment portfolio too much. Investing in memes is fun, but I honestly don't recommend anyone invest in it.

Peanutswar

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Same stories to those traders who already gained profit but still dotn want to take their asset back because they are still hoping more than they are seeing in their wallet. One of the common mistake is the traders is being greedy imagine you can take home those gains and still hoping to get more, now the market crash and get honeypot you cant pull it out every seconds matter in trading if it's already hit a multiplier with your investment take it. That's the lesson in the memecoins or shitcoins it's not a long term investment seconds matter in their coins not like the top currencies.

Yamifoud

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Quote from: boyptc on May 19, 2024, 03:53:17 PM

A common greedy investor.

Don't be like him, there have been many opportunities that are coming to us and if you're not going to be as wise as you can be, you'd definitely lose a lot of money.

It's not about how much you make but how much you can keep based on the emotions that you're having at that time of profits.

I assume that person is not greedy but just unaware of the current situation. With a lack of knowledge and market updates could possibly lose their chances to make a profit.

I assume that person is also a long-term investor and doesn't care about today's happenings but is certain about his/her goal a few years from now.
If I was right, this would tell us that the market volatility could give us a chance to earn big but sometimes also could miss it.

That is why I would say that we don't have to feel regret about whatever happens to our investment because we don't have control over the market trend.

Topic: What type of a trader/investor is this? - page 2. (Read 817 times)