What type of a trader/investor is this? - page 4.

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Quote from: el kaka22 on May 28, 2024, 11:19:53 AM

The "all-in" trader is someone who doesn't really know when to stop. Most of the time these people who have absolutely no understanding how any of this works, ends up losing their money from the get go, and that is why they have nothing that they could trust the system with, that is just how it works, they put all their money into something and they get rugged right away.

However, there are some who gets "lucky" and see it rise a lot, and the ones who get out usually share it everyone online, if this dude turned 3k into 80k and sold there, then we would have been able to say that he did something good, and that would have worked very well for him, and he would have suggested everyone to do the same, but because he waited too long, he has nothing left.

Sometimes, trusting the coin too much and waiting for too long to see its price skyrocket, might even put us into a huge loss. This is the reason why traders should set a goal price first when to sell before trading, regardless if the coins do still have the potentials to increase its price knowing trading outcomes can still be unpredictable. If only he prioritized taking his current profits first before thinking to trade more to get into more profits, then he should have trading in joy right now, not trading with greed that ends with regrets.

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Heard of many such stories where traders without strategy losing it all due to sheer greed, expert traders will always use take profit and stop loss functionality and these new coins are pure pump and dump which we knows that will eventually end up as zero still people try experimenting just because some random user got lucky. Instead they need to work on strategy and shouldn't divert from it.

el kaka22

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The "all-in" trader is someone who doesn't really know when to stop. Most of the time these people who have absolutely no understanding how any of this works, ends up losing their money from the get go, and that is why they have nothing that they could trust the system with, that is just how it works, they put all their money into something and they get rugged right away.

However, there are some who gets "lucky" and see it rise a lot, and the ones who get out usually share it everyone online, if this dude turned 3k into 80k and sold there, then we would have been able to say that he did something good, and that would have worked very well for him, and he would have suggested everyone to do the same, but because he waited too long, he has nothing left.

yudi09

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

-snip-

BTW, for those that might want to join the channel, here - https://t.me/anonymous_crypto_confessions

I checked, but it didn't join. There is nothing special about the channel and it looks like most other channels to me.
I have restricted myself from joining telegram channels like that because if it is just for trading because what is offered in the group is about how to trade. For me, it doesn't help me that I can trade using my own techniques based on experience.
I'm not afraid of fraud, but rather just don't like it.

wiss19

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Quote from: Btcdeybodi on May 25, 2024, 09:54:01 PM

One funny thing about altcoins is the pump and dump, if a trader is lucky to make a profit of $77k that is if we remove the capital of $3k he started the trading with why not withdraw it knowing too well the risk that are associated with altcoins because just like same way they pump speedily that's same way they dump and one act about traders is that if they made a profit of that amount and later on they lost part of their profits instead of taking out the remaining profits they will still have the mindset that it will pump to that initial profit they had before and I have seen a lot of crypto traders lose a lot of money with this same mindset.

Pumps and dumps happens too in BTC but it was only more natural. Maybe the guy is only less knowledgeable to not know it? Indeed he is already lucky there to profit like that but he is also greedy and maybe he is waiting for more pumps but unfortunately it didn't happened anymore.

Many of us are also greedy but not to that point he is showing. $77k is already a huge profit out of his small capital and even not exactly $77k but only $10k or $20k return, that is still good already. There maybe lots of those you see but I believe they are like this guy who is also a newbie and once they gain enough experience, they can also change their approach.

$weetne$$

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

I came across one channel on telegram known as "Crypto Confessions" and on this channel, one can find alot of real life confessions from real people in crypto, while I was scrolling and reading all the confessions, some very interesting, while alot of others; not so interesting, I came across this one above and it really captivated me, I tried to imagine what this dude must be feeling like if at all what he said was true.

You can not say they are real life confessions since the stories they can be made up stories that's the posted to entertain the followers of the channel. I do not believe everything that I read online, people can go extra miles to make their channels to be trending with stories like this. It could be the person running the channel that is posting all this stories too. The story line here is quite common because alot of traders are like the victim that do not take profits when they make profits but feel relax and end up with no profit. Cryptocurrency traders think that memecoins are reliable investment not knowing they are only there as meme, which will make no body to question what they do to their investors because they are a joke and we should not be leaving large sum of money in them, after they give profits do not forget to take it.

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

I came across one channel on telegram known as "Crypto Confessions" and on this channel, one can find alot of real life confessions from real people in crypto, while I was scrolling and reading all the confessions, some very interesting, while alot of others; not so interesting, I came across this one above and it really captivated me, I tried to imagine what this dude must be feeling like if at all what he said was true.

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?

BTW, for those that might want to join the channel, here - https://t.me/anonymous_crypto_confessions

That's the real problem that people face while investing into meme coins. First of all they're so unpredictable that you cannot say what will be their price tomorrow. When it comes to the investment then it is full of risks and uncertainties.

People often get the loss but in rare cases when they get the profit their greed kills the profit. They start to treat the meme coins as real useful altcoins. So you have to take the profits and get exit from the market.

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Quote from: Assface16678 on May 20, 2024, 02:58:27 AM

Quote from: wxa7115 on May 20, 2024, 02:12:50 AM

At least to me a person like that is not qualified to call himself a trader or an investor, so what is he? A desperate person that wants to turn his life around and make a fortune thanks to this market.

This person was experimenting a 27x growth on his investment and still refused to sell, that is a growth the majority of those that are part of this market will never experiment, and yet this was not enough for him and refused to sell, and now he has to live with a great deal of regret for the rest of his life, as I am sure 80k was an amount that could have helped him achieve part of his dreams.

It's not that the person cannot be considered a trader; see, from initial capital to 80k, meaning he is good and can do better in trading. That's why he has grown or increased his initial capital to a huge possible profit. But the thing is, greed comes in. We can call that trader a greedy trader that cannot be satisfied with a huge profit and wants more, which is the trap and mistake most traders make. Imagine from 80k down to 10k again, which means he stakes a huge amount in the next trade that it losses, and because of being desperate because he saw the 80k down to 10k, he still stakes or does trade with mixed emotion, or what we call rush trade, hoping that he could gain the exact amount again. It's normal for a trader to be greedy sometimes but also have consideration or control. If you see that the profit is enough, stop securing the profit first before engaging again.

I disagree, turning 3k into 80k may seem to indicate that this person is a great trader just based on that capital growth, but you need to also take a look at the process, and it is obvious that on his own words he just took a gamble and hoped for the best.

So investing in the meme coin that gave him those positive results was just a matter of luck, and this can be demonstrated to be true as he lost everything soon after, something that would not have happened to someone that actually knew what he was doing.

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Quote from: boty on May 26, 2024, 03:54:10 AM

Every person who has planned to invest, of course, has had a plan before deciding to invest and to be able to get a profit from the investment we make, of course we have to do it correctly, such as analyzing market conditions well so that we know when to buy and resell assets. which we invest to be able to get a profit from the assets we have, when we decide to add coins we invest then we must first analyze well whether we will be able to get a bigger profit or not and if it is difficult to get a profit I think We don't have to add to the assets we will invest.

The decision to increase or decrease the amount of load depends on the funds, if the funds from profits are already there, just double it again or save some of it in the form of USDT, so when there is another decrease in the same coin we have the opportunity to get more.

If we do that over and over again like now, I think it's bad too. because the market is uncertain, still stagnant and the main positive movement in BTC has not yet happened. Only ETH is the current hype moment.

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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.

Most of the time People lose the opportunity to earn money due to their own mistakes and one of the major mistakes is that they prefer their greed and don't take their already higher worth profit. I think one should be Thankful for his profit no matter how little it is because if we enhance our desire then we will not be able to enjoy our profit.

One should avoid certain things if he wants to become a successful person because success does not mean that the more you earn then the more you will be successful but successful means that you are enjoying the amount wisely which you have earned. Sometimes we are in profit but we reject that profit because we want something better but we forget that something is better than nothing.

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Quote from: Dunamisx on May 25, 2024, 04:22:20 PM

We should learn that memecoins are not that reliable and we shouldn't invest on much assets on them, also, whenever we invested, we should be more concerned about how we could sell immediately we have realized something from it because it's not such an investment wr can afford to hold for a long time, it's such a pity that even the $10 you would have been left with eventually went on rug pull together with them.

When we decide to invest in memecoin, we must understand well the development of the coin and if we have achieved the profit target that we have set, of course it would be better for us to take advantage of it, because everyone knows that memecoin will not last long and if We choose to keep holding it and we miss out on the profits that we have gained. Of course this will be very disappointing because we have missed out on the profits that we have obtained.

Quote from: senyorito123 on May 25, 2024, 08:03:09 PM

If he didn't got a good profit, then maybe there's wrong about his process of investing money on crypto. The chance isn't always profitable, but we have to think about self control when unexpected fluctuations happens. Increasing the quantity accumulation of a coin is guaranteed possible, however that needs to grow as it increase while you hold it discretely.

Every person who has planned to invest, of course, has had a plan before deciding to invest and to be able to get a profit from the investment we make, of course we have to do it correctly, such as analyzing market conditions well so that we know when to buy and resell assets. which we invest to be able to get a profit from the assets we have, when we decide to add coins we invest then we must first analyze well whether we will be able to get a bigger profit or not and if it is difficult to get a profit I think We don't have to add to the assets we will invest.

Btcdeybodi

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One funny thing about altcoins is the pump and dump, if a trader is lucky to make a profit of $77k that is if we remove the capital of $3k he started the trading with why not withdraw it knowing too well the risk that are associated with altcoins because just like same way they pump speedily that's same way they dump and one act about traders is that if they made a profit of that amount and later on they lost part of their profits instead of taking out the remaining profits they will still have the mindset that it will pump to that initial profit they had before and I have seen a lot of crypto traders lose a lot of money with this same mindset.

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

I came across one channel on telegram known as "Crypto Confessions" and on this channel, one can find alot of real life confessions from real people in crypto, while I was scrolling and reading all the confessions, some very interesting, while alot of others; not so interesting, I came across this one above and it really captivated me, I tried to imagine what this dude must be feeling like if at all what he said was true.

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?

BTW, for those that might want to join the channel, here - https://t.me/anonymous_crypto_confessions

If he didn't got a good profit, then maybe there's wrong about his process of investing money on crypto. The chance isn't always profitable, but we have to think about self control when unexpected fluctuations happens. Increasing the quantity accumulation of a coin is guaranteed possible, however that needs to grow as it increase while you hold it discretely.

bettercrypto

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Why didn't that person take a profit when his winnings were already too big, to be honest? It seems that during those times, what he does and thinks is not normal anymore because the gambler has been swallowed up by his greed.

For sure, because of that incident, that person was very stressed, which might even lead to depression, even if any of us here are in that situation. Right, if I look at the incident like a rug pull, do you think that it will increase further? suddenly bubbles burst and suddenly down to zero; and it was like a plane above, and suddenly the machine was damaged and it suddenly fell.

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Quote from: Natalim on May 20, 2024, 04:45:11 PM

I could be wrong but that is not a real trader/investor. If you are a smart person, you can't just let go of your hands, you will certainly take it.
IMHO, I don't believe such a story. Imagine it is more than a 100% increase, in fact, some people sell their coins even with just a small increase. If not greediness, I don't think this person is aware of the situation.

But to assume it was true, then I can say that this person lives in greediness. Contentment is not in his mind but instead, aiming for more. Many people suffer from this kind of mental disease and to find out that those people have never improved as they always missed the chance.

I must say this is quite unbelievable for me also. You cannot just slip within your hands ignoring the chance to be of huge profits while the biggest opportunity is already in front of you. Even newbies in the market cannot just pass through this without selling, most especially that everyone here aims to make quick profits.

However, if this is actually a real life experience of a crypto investor, then it’s obvious that he enters into bitcoin without understanding how it works. Even if we say this man is highly greedy, by just selling the coins right away he will gain exceptional profits instantly, except if this story is not real and just created through a wild imagination.

Dunamisx

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We should learn that memecoins are not that reliable and we shouldn't invest on much assets on them, also, whenever we invested, we should be more concerned about how we could sell immediately we have realized something from it because it's not such an investment wr can afford to hold for a long time, it's such a pity that even the $10 you would have been left with eventually went on rug pull together with them.

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

I've experienced something like this, why?

because I'm honest, too Greedy. Hoping that the profits will get higher and higher.
Then I let it go, once my eyes opened the next day, it really seemed like it had become rubbish. ha ha ha ha

This is a fact that happens very often. If I called myself at that time it would be as:
Greedy investors without a good understanding of crypto investing.

This is for me, I don't know if other people want to say that or not. but from all this, I personally learned from various experiences, that there is no advantage in being so greedy. especially in various hype coins. Never mind hype coins, Bitcoin is just like that. Sometimes it is very difficult for us not to e-profits, even if only partially when the prices really have increased many times. However, I prefer to just leave it as it is. So, yes, you really have to be strict and clever in planning this investment, including targets, strategies and also risk and money management too. This is really important.

synchronym

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If we act in something, of course it is not wrong for us to expect high profit from it that day but it is wrong for us to think that we will get money overnight. Of course we will get money through Vinod but not in a hurry. Before investing, we must acquire enough knowledge about that investment. If we don't acquire enough knowledge about that investment, then we can never be one of the successful investors. So in terms of investment, we must have a long-term plan and check the market patiently. If you have to invest then maybe we will be one of the successful investors.

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You know, if what you say is true, 80 000 dollars is a very depressing amount. You can buy a house and lot, and a new car and have change. The only thing I saw in you according to your story is that you were very greedy. You probably thought that you would not lose that day, so you thought that you could get more for that amount.

At least 1/4 of the 80,000 dollars you would have taken out, and that is 20k, for at least you felt a win in what you did. Maybe the others here think what you did was a big stupid action. I myself regret it. But anyway, I hope you can learn from what happened to you. who knows that the next time you get it, it will be bigger, but opportunity is once in a life time, you should know what you are going to do first. That's why opportunity only comes once in our lives.

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Very often, our failures are influenced by various factors, and not only greed or a basic desire to earn money, but also thoughtlessness or lack of time, with specific outside influences, which encourages us to make quick decisions that lead to losses. I believe many of us have been victims of fraudulent projects, at the same time, we considered ourselves very competent and trained in this area of business. When you have a lot and want even more, then this is greed, but when you work to improve your financial situation, to provide for your family and your old age, then this is the same work and the same goals as a simple hard worker, only in the case of a trader and Investor activity has a high risk.

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