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Cryptocurrency Trading / Re: Fear or greed
« Last post by EthereumDev_ on Today at 10:29:18 AM »Sometimes we really have to control the desire for profit that we get, when we get more profit than the capital we use then we should be able to sell and withdraw the profit, but if we look at bitcoin at the moment I'm sure there are still many who have kept their bitcoin from 2010 until now it's 2024 with the price of bitcoin already very expensive as it is today.Greed will make us lose, so it is recommended that we have a plan and target for selling our coins. because greed usually occurs when the target is achieved, we still hope for bigger and bigger profits. And it turns out the price goes down, we miss that opportunityHopefully this falls under trading.Profit and loss is a common thing in trading business it is very natural that there will be profit as well as loss. But I am particularly concerned about fear and greed, and I will talk about greed because I think it is one of the most dangerous things in the trading world. However, if a trader can control his greed then he will be able to progress in trading. As far as I know a trader is the one who suffers the most due to greed.
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?