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Author Topic: What can we really say is greediness in cryptocurrency?  (Read 2257 times)

Offline Delgboke

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What can we really say is greediness in cryptocurrency?
« on: March 17, 2021, 09:04:55 PM »
Imagine I have a coins and tokens that are valueable already in the crypto currency market based on the price value issue I decided to wait for a while before selling it because the current price could not yield a better increase at that time and I have to wait for the price to grow, is that greediness or something else?
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What can we really say is greediness in cryptocurrency?
« on: March 17, 2021, 09:04:55 PM »

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Offline GREENch85

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Re: What can we really say is greediness in cryptocurrency?
« Reply #2 on: March 17, 2021, 09:21:48 PM »
Greed breeds poverty! For example: I had ALICE coins received from Binance Launchpool, I missed the moment to sell them for $40 per coin, and when the price dropped to 30, I decided that I would wait until it was 40 again. What is happening with the coin now I think there is no need to explain))

Offline Cutter Cute

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Re: What can we really say is greediness in cryptocurrency?
« Reply #3 on: March 17, 2021, 11:00:55 PM »
After the opportunity comes to sell at the price you want, then do it, if you wait for the price to be higher, then it is not greed but hope.
I had expected a lot from holding a coin, only 1 in 10 coins had a good price, the other 9 coins had a drop in price and I thought that was the importance of experience.
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Offline alltalk

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Re: What can we really say is greediness in cryptocurrency?
« Reply #4 on: March 17, 2021, 11:24:26 PM »
Do you have a target to sell your coins? Greedy means you are too ambitious to get bigger prices of your coins even if the target on your coins already meets for selling. Moreover, if you are aware that the price is already on top of the current increase, but you still want a bigger increase. Then, finally, you sell once the price dropped in a big number later. This is the description of greed, but if you don't do it, instead you have reasonable factors to continue holding, it is not greedy.

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Re: What can we really say is greediness in cryptocurrency?
« Reply #5 on: March 18, 2021, 04:51:07 AM »
Waiting for a certain coin or token to get into a better price is not being greedy. I am sure that it is called as patience and that is something that is lacking in the marketplace today. Of course, I am assuming that we are talking here of a good coin or token and not just another valueless shitcoin, otherwise that would be like blindness. Now, if the value is already good, yet you continue to think that it can go far more, maybe there is already an element of greed in there. We have to understand that all investors (since we are all human beings) have that element of greediness and to a certain extent there is nothing wrong with that, we just have to learn to manage our greed.

Offline Boginya Valyutnaya

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Re: What can we really say is greediness in cryptocurrency?
« Reply #6 on: March 18, 2021, 05:42:05 AM »
This is not greed, but it may be the right decision as you can earn more.

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Re: What can we really say is greediness in cryptocurrency?
« Reply #6 on: March 18, 2021, 05:42:05 AM »


Offline gabbie2010

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Re: What can we really say is greediness in cryptocurrency?
« Reply #7 on: March 18, 2021, 07:25:27 AM »
It is better to sell at the appropriate time if the hodler is convinced enough that the profits earned worth it, I had watched a lot of coins that peaked and later dumped to a worthless price even in trading take profits at high and avoid all sort of greediness to avoid telling us touching stories later, cryptocurrencies are very volatile and can rekt a portfolio in a very short period of time.

Offline batishta10

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Re: What can we really say is greediness in cryptocurrency?
« Reply #8 on: March 18, 2021, 08:01:45 AM »
There is no single answer to this question. All funds can be divided into two parts. Sell half now for a good price. And I will sell the second part in the future. In this way, the risks can be reduced.

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Re: What can we really say is greediness in cryptocurrency?
« Reply #9 on: March 18, 2021, 09:36:38 AM »
Imagine I have a coins and tokens that are valueable already in the crypto currency market based on the price value issue I decided to wait for a while before selling it because the current price could not yield a better increase at that time and I have to wait for the price to grow, is that greediness or something else?
To me I believe every investor at a point should take profit but we all know that some of us will rather think of waiting for a longer time even when they see the price going down hoping there is still going to be a reversal of price and they could make more and eventually earn less than they would have if they had sold earlier. I think some of us have be guilty of this and to me, this could be seen as greediness.

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Re: What can we really say is greediness in cryptocurrency?
« Reply #10 on: March 18, 2021, 09:48:35 AM »
Imagine I have a coins and tokens that are valueable already in the crypto currency market based on the price value issue I decided to wait for a while before selling it because the current price could not yield a better increase at that time and I have to wait for the price to grow, is that greediness or something else?
To me I believe every investor at a point should take profit but we all know that some of us will rather think of waiting for a longer time even when they see the price going down hoping there is still going to be a reversal of price and they could make more and eventually earn less than they would have if they had sold earlier. I think some of us have be guilty of this and to me, this could be seen as greediness.
I agree with you @Anonylz. I believe at some point crypto investors will take profit and like you have said, some will want to wait to see if that profit could be doubled and some times it could actually happen and in some cases that could lead to loss. I believe investors should have a target exit point.

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Re: What can we really say is greediness in cryptocurrency?
« Reply #11 on: March 18, 2021, 10:37:53 AM »
The main thing is to set a target level for sale and when the price reaches this level, sell at least half of the total number of coins.  Perpetual hold is a bad idea and I learned it well in 2018.

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Re: What can we really say is greediness in cryptocurrency?
« Reply #12 on: March 18, 2021, 11:45:06 AM »
@Boginya Valyutnaya you said it yourself, you can earn more, but you can also lose part of your funds or lose everything. I have always thought that there must be a point at which to say "enough", otherwise it can be dangerous for our pocket. Earning by trading without limit is a delicate and dangerous subject at the same time, at any moment we can make a mistake.
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Offline robert20

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Re: What can we really say is greediness in cryptocurrency?
« Reply #13 on: March 18, 2021, 12:23:48 PM »
Before investing first monitor the market then take decision how much you want to invest and how much profit you want from this investment. Don't want too much profit.
If you think that it will surely go higher then you should sell some portion of your investment and keep the others in investment this will help to decrease your loss if something goes wrong.
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Offline zilzylian

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Re: What can we really say is greediness in cryptocurrency?
« Reply #14 on: March 18, 2021, 12:44:32 PM »
Nobody knows the coin price will go up, if I know the price is going up, of course I will buy more and hold it for a long time.
The risk in investing in crypto will always be there, the best option is to choose a coin that has a real product and Top coins are always the choice in investment. Thus when 1 coin goes down, we still have other coins and wait for it to reach the price we want.

.FX..BOX.
 
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INVESTING, TRADING,
LOTTERY, MARKET
PREDICTIONS.
 
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GAMEFI  ◼  NFT  ◼  DEFI  ◼  CURRENCY TRADING
CURRENCY TRADING  ◼  DEFI  ◼  NFT  ◼  GAMEFI
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.FOREX..TRADING FROM $1.
 
.READ MORE.

 

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