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Author Topic: So much greediness in crypto - avoid.  (Read 3947 times)

Offline Traderbtcc

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Re: So much greediness in crypto - avoid.
« Reply #60 on: May 17, 2021, 02:28:05 AM »
So far it's obvious that  traders can't kill the greed there got in crypto rather it can be limited, because the crypto price movements can't be predicted perfectly, so a trader in profits will always want to hold on to that trade in search of more profits, sometimes it might turn out to be prices pumping continuously while sometimes it might dump after holding for long, so for me I would suggest the best way to limit greed is by taking out capital and 50% profits if we feel prices had pump so high and might continue pumping.

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Re: So much greediness in crypto - avoid.
« Reply #60 on: May 17, 2021, 02:28:05 AM »

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Offline Paglamon

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Re: So much greediness in crypto - avoid.
« Reply #61 on: May 17, 2021, 05:17:36 AM »
Those in the cryptocurrency industry who are greedy hold bitcoin or other coin. They are currently millionaires. In the cryptocurrency market, the price of other coins, including Bitcoin, with good wavelengths, continues to rise. I think it’s great to invest in every cryptocurrency then. So greedy people can benefit here. They hold on to any coin for fear of profit. I think everyone should invest with patience. So it is important to trade intelligently in the cryptocurrency industry. Most traders act like great players in the cryptocurrency market.

Offline ashraf786100

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Re: So much greediness in crypto - avoid.
« Reply #62 on: May 17, 2021, 05:30:06 AM »
It is human nature that when someone is shown the money, it is someone's greed. They will not be satisfied and sometimes say things that are harmful to others in order to get what they want.
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Offline masterrex

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Re: So much greediness in crypto - avoid.
« Reply #63 on: May 17, 2021, 02:49:57 PM »
IMO and base on my experiences and observation I can tell that greediness is just normal in the crypto industry, As we can see if the greed of each investor is accompanied by luck this kind of greediness will resulting in massive gains that can change their life forever for me that kind of greed is not bad as long as you didn't use it to take any advantage of other people weaknesses

Offline Dora Walletinvestor

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Re: So much greediness in crypto - avoid.
« Reply #64 on: May 17, 2021, 03:19:33 PM »
I think there are two very important things when it comes to controlling greed:
1. Learn about trading psychology. This can make you more self-aware and realise easier when your emotions are taking control over your logical brain.
2. Have a detailed exit plan AND follow it. Don't just buy a cryptocurrency and forget about it - determine what price it has to reach before you exit. And if you think it will still go higher after it reached the target, still stick to the plan of selling the coin, and buy it again afterwards. This can help you take profit and minimize losses even if the price falls at some point.
Check out the latest forecasts and news about cryptocurrencies, stocks, forex pairs and more on WalletInvestor.com

Offline shadowdio

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Re: So much greediness in crypto - avoid.
« Reply #65 on: May 17, 2021, 05:08:41 PM »
Well I'd been greedy in the past years and I ended up losing money so it was not good for me. I thought the price will recover so I keep holding but it went down and down until I give up I sold them all. That time I just invested in shit coins so unlucky for me. We have different strategy to earn from cryptos but for me I'll just be contented what I earn and not to be greedy.

Offline Hope4life

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Re: So much greediness in crypto - avoid.
« Reply #66 on: May 17, 2021, 05:41:02 PM »
Greediness is one of basic human nature, and that's not good in crypto trading. People will always not enough and it is an endless loop. Controlling greed can be done by setting sell targets and taking profits when the target has been reached. When you let your greed, you lose your mind, and it will destroy you.

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Re: So much greediness in crypto - avoid.
« Reply #66 on: May 17, 2021, 05:41:02 PM »


Offline whyrqa

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Re: So much greediness in crypto - avoid.
« Reply #67 on: May 17, 2021, 06:51:31 PM »
Greediness is one of basic human nature, and that's not good in crypto trading. People will always not enough and it is an endless loop. Controlling greed can be done by setting sell targets and taking profits when the target has been reached. When you let your greed, you lose your mind, and it will destroy you.
The cryptocurrency market is not the only place where negative human qualities emerge. in any area of life where there is a lot of money, greed and fraud always appear.

Offline mahadev

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Re: So much greediness in crypto - avoid.
« Reply #68 on: May 19, 2021, 04:21:22 PM »
Somehow it might be good to become greedy if you are 100% sure to hit your set target price today or in the following days. Maybe some of us will celebrate while not yet reach the target. Do not celebrate too early if you didn't hold the trophy of sold. However, as the time elapsed there could be unexpected change during your assumptions to hit the high profit. Now, what you should do to avoid too much greediness? I think you need time to observe the movement and be contented even you've just got small/enough profit.

For you, why you need to avoid so much greediness in your crypto lifestyle?

Be greedy is normal for investors,but we must be careful. As you said, when we have reached target, we should sell our coin as soon as possible.
Because we cannot predict what happen tomorrow.
I have lost several time, because greedy.
And I learnt from it.
So, be careful and keep calm.
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Offline Zezari

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Re: So much greediness in crypto - avoid.
« Reply #69 on: May 19, 2021, 04:34:47 PM »
We must be patient and always set a goal for how many x's we are willing to sink into this project. Most Baptists held their tokens thinking that the market would start to grow but it kept falling and falling while they lost quite a lot of money.
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Offline Kitaiev

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Re: So much greediness in crypto - avoid.
« Reply #70 on: May 19, 2021, 05:47:44 PM »
I have been on the crypto market since 2016 for all this time I got rid of greed long ago the market taught me this way back in 2018.
I also learned the lesson that when blood is on the market, it's better to buy.

 

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