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Author Topic: What can we really say is greediness in cryptocurrency?  (Read 2291 times)

Offline Fivestar4everMVP

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Re: What can we really say is greediness in cryptocurrency?
« Reply #15 on: March 18, 2021, 01:54:13 PM »
In a lame man's language, greediness is defined as not being contended with what you already have, like for example, say you got something for free, and you are still wanting more of it for free, it means you are greedy, in crypto, if you invested in a coin, you already set your selling price which you already decided on how much profit is OK for you, fortunately, if you investment starts going up and hit your set selling price, you refuse to sell but rather set a higher selling price, and your investment ones again hit your second set selling price and again, you refuse to sell but rather, set another higher selling price thinking the coin will continue to go up, this simply means you are a greedy person and if you are not careful, you might end up even loosing part of the capital you invested in that coin.
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Re: What can we really say is greediness in cryptocurrency?
« Reply #15 on: March 18, 2021, 01:54:13 PM »

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Re: What can we really say is greediness in cryptocurrency?
« Reply #16 on: March 18, 2021, 02:19:42 PM »
Greed in cryptocurrency does a lot of harm to people.  There is more or less greed inside all human beings.  However, due to the greed in cryptocurrency, people become very frustrated.  I am proof of that myself. I bought and held some bitcoins. Once the price went up a lot, I did not sell it.  I left saying there would be more growth.  Now the prices have come down a lot.  So I'm telling myself never to be greedy in cryptocurrency.
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Re: What can we really say is greediness in cryptocurrency?
« Reply #17 on: March 18, 2021, 02:45:31 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?

I think its not, as long as you have a target price that you have to wait before it will sell. Unless you wait for another increased of your expected price or your target as what I've said.

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Re: What can we really say is greediness in cryptocurrency?
« Reply #18 on: March 18, 2021, 02:57:24 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?
This cannot be interpreted as greed. We must find the right moment to sell our coins and tokens. This is most likely expediency and rationality, not greed. But if we sell our cryptocurrency at the earliest opportunity, indiscriminately and without preparation, this is what I would regard as greed.

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Offline shadowdio

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Re: What can we really say is greediness in cryptocurrency?
« Reply #19 on: March 18, 2021, 03:34:12 PM »
I don't think if that is greediness.. in my opinion that's your strategy to make profit. If you don't need money then you should keep hold your crypto for now and who knows it will suddenly increase but make sure you set stop loss just to be safe.

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Re: What can we really say is greediness in cryptocurrency?
« Reply #20 on: March 18, 2021, 04:00:19 PM »
That should simply be Hodling.It is best to take profit at good interval of pump to reduce risk. Not every Hodling is targeted at greed, it becomes greed when you keep accumulating the profit,not taking it,wanting more and more. Most time, the end up dumping to the hodler's disappointment.

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Re: What can we really say is greediness in cryptocurrency?
« Reply #21 on: March 18, 2021, 07:56:57 PM »
Greed and frustration will always be in the market. The main thing is to be able to control your emotions. It is never possible to sell at the top and buy at the bottom. If you sold a coin, then you should not buy it more expensive later. Also with the sale. If you bought it for a long time, you need to be able to sit out drawdowns.

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Re: What can we really say is greediness in cryptocurrency?
« Reply #21 on: March 18, 2021, 07:56:57 PM »


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Re: What can we really say is greediness in cryptocurrency?
« Reply #22 on: March 21, 2021, 12:18:20 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?
It is not greediness but a trading strategy. I will also do the same as you. I won't sell it too early. I will take a look at the market developments regarding these tokens and coins. If the coins and tokens have good potential in the future, I will hold on, but if the coins and tokens have no good potential, I will sell them. In order to benefit from it.
« Last Edit: March 21, 2021, 12:20:27 PM by Mas Bro »
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Re: What can we really say is greediness in cryptocurrency?
« Reply #23 on: March 22, 2021, 11:40:52 PM »
Greediness is one of the factors that may lead us to lose our money. Greediness is one of the factors that will not make us successful as long as we still have that kind of weakness. Someone is greedy and every one others may not catch it only caring about how they can't

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Re: What can we really say is greediness in cryptocurrency?
« Reply #24 on: March 22, 2021, 11:46:20 PM »
Sometimes greediness is very useful.  It is thanks to greed, some people receive 100x or more from investments or more, otherwise their profits would be insignificant.

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Re: What can we really say is greediness in cryptocurrency?
« Reply #25 on: March 23, 2021, 04:02:12 AM »
Greediness is one of the factors that may lead us to lose our money. Greediness is one of the factors that will not make us successful as long as we still have that kind of weakness. Someone is greedy and every one others may not catch it only caring about how they can't

The OP is asking if it is greediness to wait for further increase.


To wait for further increase isn't a form of greediness but a strategy to earn more in a short time. To wait for increase, Knowledge and patience is necessary to determine the possibility whether to have more profit or to lose some.

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Re: What can we really say is greediness in cryptocurrency?
« Reply #26 on: March 24, 2021, 04:14:38 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?
It depends on which viewpoint we see.
Everyone has plans for long term investment, if you have a lot of money then buy low and sell high, then you can see the potential coin you will sell, assuming you have BTC, you can sell at $100k anytime alone and I don't think that includes being greedy.


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Re: What can we really say is greediness in cryptocurrency?
« Reply #28 on: March 24, 2021, 06:28:49 AM »
Cryptocurrencies offer an impressive value proposition in that you can invest small amounts and make huge profits, but that doesn’t mean there isn’t any risk involved. Greediness in cryptocurrency is investing all your money without leaving funds for everyday life.

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Re: What can we really say is greediness in cryptocurrency?
« Reply #29 on: March 24, 2021, 06:57:28 AM »
Cryptocurrencies offer an impressive value proposition in that you can invest small amounts and make huge profits, but that doesn’t mean there isn’t any risk involved. Greediness in cryptocurrency is investing all your money without leaving funds for everyday life.
the way what friends say by investing all the available money without leaving funds for daily life is the biggest mistake of the life of someone who puts full trust in crypto. actually, I myself don't make it a habit to use the money from my real work to make investments, but with the money from the bounty to invest or anything in crypto.

because crypto is something that is unstable so that the bad possibility can happen with the wrong placement of what we are doing, it needs analysis and proper observation so that what we do in crypto can produce something very good. especially when crypto is excited and is likely to get huge profits. ...
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MIX.NOW
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