Topic: What type of a trader/investor is this? - page 5. (Read 817 times)

I don't even think that he is an investor, but more of a gambler. Because if he is an investor, then he should have done an analysis first and at what point he should take profit. But this guy was different, he was just trying his luck at memecoin with his last bit of money, and kept hoping that he would be able to make hundreds of thousands of dollars from it. If he was a true investor, then he should have understood that memecoin is very risky and before the price of the token fell, he should have taken the profit he could have made - but because he did not have the right picture and the right strategy, he just kept waiting until it went up and up and unfortunately he lost it all.

Well, the guy is certainly a gambler and a greedy one.

We don't know if he actually did but that's a lesson that shall be learned the hard way. When you are able to make money in the crypto market, you don't let that happen pass you.
You're making a big mistake if you won't take profit, so use this thread as a reminder that this bull run should be your profiting time.

That is a greedy investor op, because he want to use $3k to win $1m which will be difficult for investors to achieve from memecoins project, because it can pump higher today and dump lower tomorrow to cause their investors to loss so much from the investment.

Once the price hit $80k in the market, you don't need to continue hodling the memecoins than to sell to take profits from the market and prepare for another opportunity that will occur for you to buy again and hodl, but only a greedy investor can make such mistakes and regret from his mistakes.

I believe, the investor that made this mistake, has learned his lesson from crypto community already which he will not allow such greedy habit to occur again in the future.

It's just someone who didn't learn anything from his past mistakes and there are almost everyone had that phase but this worse is really disturbing, imagine being in his shoes.

When you make hell lot of profit that you'd not happen again, then just cash out the profits or at least half of it then reinvest it into a different asset which doesn't necessarily to be a crypto, it can be anything that has a different risk/reward ration. Single point of failure will do nothing but exactly this.

Most likely it would really be greed and just like on what you had mentioned that due on being inexperienced then this is where these common impressions or emotions that price might be able to shoot up even more as you have seen that your portfolio did increase so much in a short period of time or the moment that you do least expect, and since you are someone who doesnt really know about that much  on how this market works or behaves then you would be holding up your position on which you would really be that believing that it would really be continuing such process or movement without considering the after risks of dumping.
If it turns out to shoot up even more then your lucky because pumping to the moon of a certain coin/token isnt something that a very common occurence. This is why it would really be that ideal that on the moment
that you've seen such condition then taking up profits would be always recommended.

Pretty sure that most traders did really experienced out such condition or moment on which they do get greedy on the moment with those shooting up to the moon scenario of the tokens that they had invested
which is mostly on meme coins or with those degens on which most people would really be that having to share up with the same reaction on the moment that they will really be experiencing such condition.
Well its not something that new because human beings are naturally greedy when it comes to money and on the moment that you are still lacking with that kind of experience then choices made or decisions
will really be that not much something a right call.

Viewing from the Trading angle, i would say that guy was very greedy, mehnn you have done more than 10× your capital i.e (10RR), what stop you from taking profit. He was just a ship without compass, you risk everything which you weren't suppose to and gain but refused to take what are you....a fool (sorry to use it).
In trade, you will also understand when it goes against you and you close and re-position, he saw that the trade RR have dropped massively why not close with the $10k have done 3× of your money.
He learnt the hard way, there would be no next time for him to have wisdom and avoid greed.

He was a greedy trader or investor who couldn't see the situation. He had made a profit by seeing the huge profits, but he didn't sell it when he had already made a profit. Finally, the price dropped and he lost all his money.

It has happened to many people and maybe we have experienced it too. That is a lesson for all of us. When we see the profit coming, especially if it is a very large profit, we can immediately sell it and take the profit. We must not be greedy like him because that will prevent us from taking advantage of what we should be able to get.

Greed, Impulsive emotion and lack of self control and contentment!

I've been on this kind of situation on which did earn $60k but i didnt intend to cash out until it goes down to $9000 until to $1k and almost zero to value. I have continued to held it off until it dies because i was hoping that it would really be making some recovery or comeback. On the time that im already at 60k then im thinking about 100k and even 200k and so forth, which does simply shows that you had made yourself that being too greedy and delusional. You do like on becoming rich with crypto and this is why you dont make yourself get contented or secure those profits until it would go back to zero.
That kind of experience would really be giving out that long term trauma or regrets on which this is something that will really be keeping on your mind and cant really be removed out for the rest of your life.

Yes, you can move on but you cant be able to forget such thing because this is something the worst situation that you might be able to experience for the rest of your life, specially if the amount we are talking is something that could already changed up your life or could be used up into something else or even build a house. You would really be certainly keeping on minding or flashing back on what if you had missed out
and on the time that you would really be thinking then you go depressed. This is why it would really be always important to take profits, you wont be rich because you dont know on how to take profits.
You would really be only doing such thing when you do see that the price is already at the bottom. In case of that person described or shown such situation then it do shows on how greedy human beings are.

If there is a decline, what will happen is a psychological disorder, where panic selling will occur. For me, if I get a big profit like that, at least sell some of it, to protect our psychology if something undesirable happens. besides that, we also have to look at the market, if it has penetrated the new ath then it is possible that most of the coins will be sold

I see stories like that on an account on X and Imo, most of the stories are real. For the individual in question; I'd say yes, He was greedy. He could have taken 50-70% profit off the table and let the rest ride but instead choose to let it continue. I wouldn't blame him for his greed because it happens to the lot of us because there's two ways it could have gone:

• Take profit at $80K and it pumped to $800K or above 1M - regret
• Don't take profit and let it dump to breakeven or lower - regret.

Something I've learnt recently is that before entering a trade, we need to define how much profit or loss we'll be comfortable with so we can use that to keep ourselves in check if things get euphoric.

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.

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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.

Maybe he is the only one who knows why he did not take the necessary action about this because I don't see anything special here, though it can be this thing you mentioned earlier, which is greed, or maybe he thinks it will bounce back to recover the small losses that happen before the losses reach $80,000, if not to me, if this was not taken due to a lack of knowledge, greed, or emotional control. then he outsmarted himself and landed himself in trouble.

Though I won't blame him, and he is the only one who knows why, if I'm not the one, I will withdraw my profit. I will leave the invested money in there if it continues to go higher than normal, and if it crashes, I will be happy because I have already withdrawn my profit.


Seriously, this is gambling, not the normal way of trading because the risk is too high, and he thinks he will make more than the money he just loses right here if and this coin is obviously a coin that will not last in pumping because this is a meme coin, and anyone who has the knowledge knows that investing in meme coin is just like gambling with your money, and I agreed that you said good investors take average risk and once it pumps small, they will take the profit and move on. unlike these newbie traders, who want to make money in a day or night, which is impossible.

OP, we must recognize that patience is the key to success and share decisions at a perfect time, no one knows what's good and what's bad, we cant say this is a perfect time but still in our calculations we should need to be aware of the real facts and figures.

Hmm, this is what he confessed let me let you tell one of the greatest bad luck in my own experience, it was the timeline of the last bull run I was new in the crypto market after a long bear turn, and the market was going to make its new All time high, I was positioned in a coin which was valued around 20$ only due high sell pressure on it after 3 months it started removing and value on that time 200$ on very next week 400$ and I was still holding, on 900$ I too 50% out and then on 1200$ total value of my holding all out, after a few months, haha it was worth around $53k but there was almost no liquidity still I don't regret my profit booking because I was a newbie. This is not a shped story haha I do recall it and feel good about it always.

The moral is you should put your full efforts on the ground reality but for the rest leave it to luck, it will be called gambling because in the market you cant speculate the tips of iceberg.

It gets into that as well if he's inexperienced, he cannot control his emotion and greediness and that's why it can still end up with a greedy mindset.

But we agree that he messed up really bad.

And he probably didn't became satisfied with that so he still proceeded and didn't secure profits.

You have given he perfect answer to this scenario, he was too greedy and wanted the coin to go more higher before he can take profit and that’s not how it’s done in crypto after investing in a meme coin that can just go up or down at any moment. He is not the first to do such but if I were in his position, I will take away all profits from that coin that I invested and leave the capital to take on the remaining ride. If I get to win more, I’ll still take partial profit and if it goes against me, I will have nothing to lose too. He was just too greedy and he lost everything, that’s the point on not being too greedy in crypto.

He already got $80k and not sold? The profit is already the peak level but he must be the greediest and he thinks the profit will go more than 80k. well, he lost.

Whats with that STON.fi got to do with his SOLANA memecoin?  STON.fi is a TON defi platform. This is simply a wrong link to insert in that image.

This is an example of one of the psychological barriers that has to be overcome because plenty of times most of these things are caused by indecision. The difference between greed and patience is not so much and sometimes some people when they get greedy mistake it for patience while some see times when they should be patient as them getting greedy. These kind of experience are usually unforgettable and are the kind of experience that will remind you next time to always take profits when necessary and not be caught up in indecision.

We often encounter similar things from existing stories. but we don't know what they really think.
The first possibility is that they have high confidence in the future of the assets they hold. they think about how Bitcoin or Ethereum grows over time.

The second possibility is that they are just buying potential assets that are widely discussed in the community. they saw the tremendous hype and then entered. but unfortunately, they don't have enough planning in the investments they make. so it looks like great ambition or even greed.

If it is not greed, I don't see why someone will turn $3k to $80k in memecions and not sell off and take their profits. It is not Bitcoin; I don't think of holding any coins for a long time, whether I make a reasonable profit from it or not. So in this case, I don't think it is overly patient; it is not like being patient when you are holding memecions that someone does not know much about; it is not because the coins have been in existence for a long time that is the reason why we put trust in the coins.
 
Any MemeCoins project that immediately enters the market and the price is pumping anyhow, trust me, it will not stay long before they dump the coins. All this project that is getting much hype by continuing pumping of price coin just doing it to attract the intention of the people, and once they see they have gained a lot of investors, those developers will just remove their funds plus their reasonable profits they have made because some of these developers even take loans to develop some projects and their aim is to make profits, so we need to take very careful when investing in memecion projects.

That's not an investor, that's a gambler. Gamblers take huge risks and they never know when to stop because they are addicted to the adrenaline (or dopamine) which they can only obtain by making risky bets. That's what you are looking at here. Investors don't take that much risk. They diversify their portfolios in various assets. Most of them are content with pretty conservative returns and that's usually not more than 10-12%/year. When you go above 15%/year it starts to get dangerously risky and it is usually not sustainable when it is above 20%/year.

So turning $3k into $80k was a huge success and he should have left it there. However, we know that he was never gonna do that because that's how he made that $80k in the first place. (by not quitting) If he was a quitter, he would have quit right after he made his 100%. In the end, that's just another gambler's story. From something small to some thing big, from something big to something, from something to nothing. End of the story.