Fear or greed

[Aanuoluwatofunmi]

Fear or greed can ruin a crypto trading experience because there is no how we can be able to condole for the two or either of them without being affected, fear will make us to sell when we don't need to sell and when we go with such decision, we are already on loss, greed will make us hunt after quick time profits in doing what is not right or safe for the benefit of our investment because of the risk involved, but we will still end up going for such, because we want to earn fast but loose instead.

[Fivestar4everMVP]

Hopefully this falls under trading.
I'm gonna make it short
There are two emotions i believe dictates trade and leads to either gains or losses. Fear and greed.
They are like every investors companion.
Which do you think is more dangerous?

Both fear and greed have their good part and can contribute to a trader making more profit as well, whenever we talk about greed and fear, it's absolutely unfair the focus on its bad side, every emotion in trading, even patience, can lead to loses if not exercised properly.

Take for example, I have opened a trade one day in the futures market, and after a couple of hours, I already made about x4 profit, I wanted to close the trade but somehow, I became greedy for more, I allowed the trade to still run for a while, and like an hour later, I came back and cashed out with over x12 in profit, now, this was the day that I discovered that even being greedy at times can be good.

And talking about fear, fear is helpful, most especially when you are about to enter a trade that you have not well analyzed, or studied, fear of loss can actually help you, prevent you from entering that trade, which may likely would have lead to a loss.

Now, talking about patience, I've seen a trader who opened a trade, and in no time, the trade was in over x5 profit, to him, he decided to be patient, but I think he's patience later turned into him being too greedy, the market later came down, and he ended up losing all the money he put into that trade.

So, every emotion have their good and bad side, it all depends on how we use them, greed can bring you more profit and can bring you loses, fear can prevent you from entering a trade you likely will lose, and it can also make you lose opportunities to good profit, patience as well, can make you good profit if well exercised, while it can also lead to a loss when it goes from being patient to being over greedy.

[doc]

Fear or greed can ruin a crypto trading experience because there is no how we can be able to condole for the two or either of them without being affected, fear will make us to sell when we don't need to sell and when we go with such decision, we are already on loss, greed will make us hunt after quick time profits in doing what is not right or safe for the benefit of our investment because of the risk involved, but we will still end up going for such, because we want to earn fast but loose instead.

We must be able to manage these two bad emotions because it is not easy to invest in crypto, we will always be faced with fear and greed. but back to the initial plan and target when we bought the coin, if we have reached the target, we should sell it immediately

[Fivestar4everMVP]

Fear or greed can ruin a crypto trading experience because there is no how we can be able to condole for the two or either of them without being affected, fear will make us to sell when we don't need to sell and when we go with such decision, we are already on loss, greed will make us hunt after quick time profits in doing what is not right or safe for the benefit of our investment because of the risk involved, but we will still end up going for such, because we want to earn fast but loose instead.

We must be able to manage these two bad emotions because it is not easy to invest in crypto, we will always be faced with fear and greed. but back to the initial plan and target when we bought the coin, if we have reached the target, we should sell it immediately

Well, you are right, I think the aspect of setting a target is what many crypto investors often neglect, probably because they assume it's not important, investing in a coin and not having a definite or a defined and a realistic target have brought so many loses that weren't supposed to be, this is after they have possibly been in profit on a the coin, they end up losing again because due to their lack of a set target, they  fail to sell and take out their capital and profit at the time they should.

Not saying this out of context but I have actually been a victim of this, the truth is, for everyone in crypto, trying to sell at the higheest price, there is a 0.00000001 percent that you will sell at the toppest top price, like at the all time high or a coin, it's almost impossible, this is why setting a target for ourselves in every coin we invest in is very crucial, and not just setting a target, but a realistic target, once that target is reached, we sell, withdraw our money and look for another project to repeat the same process.

[doc]

Fear or greed can ruin a crypto trading experience because there is no how we can be able to condole for the two or either of them without being affected, fear will make us to sell when we don't need to sell and when we go with such decision, we are already on loss, greed will make us hunt after quick time profits in doing what is not right or safe for the benefit of our investment because of the risk involved, but we will still end up going for such, because we want to earn fast but loose instead.

We must be able to manage these two bad emotions because it is not easy to invest in crypto, we will always be faced with fear and greed. but back to the initial plan and target when we bought the coin, if we have reached the target, we should sell it immediately

Well, you are right, I think the aspect of setting a target is what many crypto investors often neglect, probably because they assume it's not important, investing in a coin and not having a definite or a defined and a realistic target have brought so many loses that weren't supposed to be, this is after they have possibly been in profit on a the coin, they end up losing again because due to their lack of a set target, they  fail to sell and take out their capital and profit at the time they should.

Not saying this out of context but I have actually been a victim of this, the truth is, for everyone in crypto, trying to sell at the higheest price, there is a 0.00000001 percent that you will sell at the toppest top price, like at the all time high or a coin, it's almost impossible, this is why setting a target for ourselves in every coin we invest in is very crucial, and not just setting a target, but a realistic target, once that target is reached, we sell, withdraw our money and look for another project to repeat the same process.

Yes, we must set a selling target when we first buy coins, so that we can avoid greed. Set realistic targets, because in my opinion investing is how to manage our money, not fighting with luck. We do research, buy analysis and set targets, if achieved, sell. And then we do it again as before by managing the profits we have obtained

[TopT3ns]

Yes, we must set a selling target when we first buy coins, so that we can avoid greed. Set realistic targets, because in my opinion investing is how to manage our money, not fighting with luck. We do research, buy analysis and set targets, if achieved, sell. And then we do it again as before by managing the profits we have obtained

True, but each person definitely has different desires, there are those who want to keep holding their cryptocurrency assets without making a sell order, just like when we store bitcoin in our wallet, we cannot make a sell order. So everything depends on the current economic conditions.

[de_prof]

Yes, we must set a selling target when we first buy coins, so that we can avoid greed. Set realistic targets, because in my opinion investing is how to manage our money, not fighting with luck. We do research, buy analysis and set targets, if achieved, sell. And then we do it again as before by managing the profits we have obtained

True, but each person definitely has different desires, there are those who want to keep holding their cryptocurrency assets without making a sell order, just like when we store bitcoin in our wallet, we cannot make a sell order. So everything depends on the current economic conditions.

Mwnwnet determines that sell orders are placed on a wallet exchange, but when we buy coins we should already have a target to sell, so we have to distinguish between sell orders and sell targets. When the price approaches the sell target, we can move our assets to the exchange wallet to place a sell order

[Uruhara]

We must be able to manage these two bad emotions because it is not easy to invest in crypto, we will always be faced with fear and greed. but back to the initial plan and target when we bought the coin, if we have reached the target, we should sell it immediately

It is true that if we can control these two emotions, a trader can indeed be expected to make more profits. And as long as the trader can be disciplined and stick to what was planned from the start. And yes, stopping after reaching the target is what must be done. Because often people lose money because they don't stop when the target is reached. And that's because greed takes over them. And this must be avoided as best as possible. With good emotional management.

[DAMKAR]

We must be able to manage these two bad emotions because it is not easy to invest in crypto, we will always be faced with fear and greed. but back to the initial plan and target when we bought the coin, if we have reached the target, we should sell it immediately

It is true that if we can control these two emotions, a trader can indeed be expected to make more profits. And as long as the trader can be disciplined and stick to what was planned from the start. And yes, stopping after reaching the target is what must be done. Because often people lose money because they don't stop when the target is reached. And that's because greed takes over them. And this must be avoided as best as possible. With good emotional management.

A trader who can control emotions, fear and greed will be more focused on analyzing and thinking more realistically about the targets and decisions he makes. Actually, it's not just traders, those who are holders also experience the same thing when they see the market, especially when the market goes down they will experience panic which makes them unable to think clearly.

[debra]

Yes, we must set a selling target when we first buy coins, so that we can avoid greed. Set realistic targets, because in my opinion investing is how to manage our money, not fighting with luck. We do research, buy analysis and set targets, if achieved, sell. And then we do it again as before by managing the profits we have obtained

Agree. Before we buy certain coins, we must know the target (selling price). It should depend on the analysis we do, we decide an entry price. Yes, it should be a realistic goal, never set a too high price. If we try to be greedy by setting a too high price, it may lead to lose. The price increase may not reach the exit target, we can get a lose if this happens. So, it is important to have a realistic exit price (selling price).

[Jamal Aezaz]

True, but each person definitely has different desires, there are those who want to keep holding their cryptocurrency assets without making a sell order, just like when we store bitcoin in our wallet, we cannot make a sell order. So everything depends on the current economic conditions.

If someone wants to take benefit then they should fix a value for selling and without creating a thought of selling at a certain price one will be lazy and greedy enough to hold Bitcoin and not sell these ever.

At a certain time of life you must need the profit from your invested amount so sell your coins when the market gets pumped and don't sell it when you need money because every time the market is not higher in value to give your profit according to your needs.

[ajiz138]

True, but each person definitely has different desires, there are those who want to keep holding their cryptocurrency assets without making a sell order, just like when we store bitcoin in our wallet, we cannot make a sell order. So everything depends on the current economic conditions.

If someone wants to take benefit then they should fix a value for selling and without creating a thought of selling at a certain price one will be lazy and greedy enough to hold Bitcoin and not sell these ever.

At a certain time of life you must need the profit from your invested amount so sell your coins when the market gets pumped and don't sell it when you need money because every time the market is not higher in value to give your profit according to your needs.

I do this, I will not hold for long when I already have profits when I own altcoins. In contrast to bitcoin, I will wait longer to sell it until the price I set has been reached, in this case when bitcoin touches a new ATH.

Yes, we can't just sell when we need money, therefore we have to invest by preparing it all. We have to prepare so that we don't have to sell our assets because we are pressed for need.

[doc]

I do this, I will not hold for long when I already have profits when I own altcoins. In contrast to bitcoin, I will wait longer to sell it until the price I set has been reached, in this case when bitcoin touches a new ATH.

Yes, we can't just sell when we need money, therefore we have to invest by preparing it all. We have to prepare so that we don't have to sell our assets because we are pressed for need.

It is very difficult to have free funds that are not disturbed by our needs, we have to collect them for a long time. But I try not to use my crypto assets to make ends meet.
Altcoins are coins that are suitable for the short and medium term, I do like you if I make a profit I sell. Bitcoin is the only thing I plan for the long term and still hold

[EthereumDev_]

It is very difficult to have free funds that are not disturbed by our needs, we have to collect them for a long time. But I try not to use my crypto assets to make ends meet.
Altcoins are coins that are suitable for the short and medium term, I do like you if I make a profit I sell. Bitcoin is the only thing I plan for the long term and still hold

It's true that all the money we get will definitely be used for living needs, what we have to do is continue to manage the finances we have well, buy things that are truly needed. After we can arrange everything, the next thing we need to do is work hard to earn a very large amount of money. It's not easy, but at least we have to keep trying.

[milewilda]

It is very difficult to have free funds that are not disturbed by our needs, we have to collect them for a long time. But I try not to use my crypto assets to make ends meet.
Altcoins are coins that are suitable for the short and medium term, I do like you if I make a profit I sell. Bitcoin is the only thing I plan for the long term and still hold

It's true that all the money we get will definitely be used for living needs, what we have to do is continue to manage the finances we have well, buy things that are truly needed. After we can arrange everything, the next thing we need to do is work hard to earn a very large amount of money. It's not easy, but at least we have to keep trying.

We are living in a world on which everything is really that increasing on which if you are someone whose really that earning that not much then it would be better that you should really be finding up some ways or methods that you would really be having that kind of consideration on adding up more income. Its not a sign of greed because we do know on how important money is on which
it would really be just that normal that you will really be thriving out or would really be engaging on things on which we know that that it would really be having that corresponding risks.