Never Be Greedy!

[pieppiep]

Greed and emotion are the most damaging aspects of trading.  If you are greedy in trading and think of it as a get-rich-quick means, you are bound to suffer.  Because the market is always volatile that's why you must analyze the market and exit the market with the right amount of profit at the right time.  Only then you can be a successful trader and profit from trading.  But if greed works in you, you will never be able to control yourself, due to which you will keep making different mistakes from time to time.  Which will make you face a lot of losses

According to the experience of trading and the analysis of corresponding cases, the only crucial factor that might help turn a trader into successful is to find an optimal level of compulsive analysis combined with the ability to manage the emotions that cannot be described as excessive in fact. If we decide to wait before making a decision or choosing something, we can actually avoid many reckless mistakes. Therefore, setting the rational objectives or staggering limits will help to avoid a risk becoming uncontrollable. The opportunity in the market cannot be doubted, but the key success factor is calmness and consistency during the planned activities’ implementation. The implication is that is one continues to use skills to build upon experience, sustainable profits are indeed within anyone’s reach.

[debra]

It you cant be able to handle up such volatility then it will really be better to stick into those top coins like Bitcoin or some solid altcoins.

If we consider the volatility, all crypto coins have big volatility, including Bitcoin. But Bitcoin price move is clearer than altcoins. Only stable coins that have stable prices in crypto. Unfortunately, they are not the right coins for investment. 

I think there is nothing wrong with the volatility, this even becomes the advantage in crypto. If Bitcoin and those top altcoins have no volatility, I am sure there are no investors want to invest in them. So, we don't be afraid with volatility. We only need to have the right strategy to deal with the volatility.

[$crypto$]

It you cant be able to handle up such volatility then it will really be better to stick into those top coins like Bitcoin or some solid altcoins.

If we consider the volatility, all crypto coins have big volatility, including Bitcoin. But Bitcoin price move is clearer than altcoins. Only stable coins that have stable prices in crypto. Unfortunately, they are not the right coins for investment. 

I think there is nothing wrong with the volatility, this even becomes the advantage in crypto. If Bitcoin and those top altcoins have no volatility, I am sure there are no investors want to invest in them. So, we don't be afraid with volatility. We only need to have the right strategy to deal with the volatility.

Simply we can invest in bitcoin where the movement of altcoin is also influenced by the movement of bitcoin. When bitcoin increases then altcoin will be the same, and if it decreases altcoin usually decreases deeper than bitcoin.

everything has a risk, we agree with that. But in all the risks that exist we can choose something that has a smaller risk in this case is bitcoin.

[Mr. Magkaisa]

It you cant be able to handle up such volatility then it will really be better to stick into those top coins like Bitcoin or some solid altcoins.

If we consider the volatility, all crypto coins have big volatility, including Bitcoin. But Bitcoin price move is clearer than altcoins. Only stable coins that have stable prices in crypto. Unfortunately, they are not the right coins for investment. 

I think there is nothing wrong with the volatility, this even becomes the advantage in crypto. If Bitcoin and those top altcoins have no volatility, I am sure there are no investors want to invest in them. So, we don't be afraid with volatility. We only need to have the right strategy to deal with the volatility.

Simply we can invest in bitcoin where the movement of altcoin is also influenced by the movement of bitcoin. When bitcoin increases then altcoin will be the same, and if it decreases altcoin usually decreases deeper than bitcoin.

everything has a risk, we agree with that. But in all the risks that exist we can choose something that has a smaller risk in this case is bitcoin.

        -     Everything you mentioned is actually correct, if the focus is on less risk, given that Bitcoin is also proven and tested. But the question is, is bitcoin the only one that can provide opportunities in the crypto industry we are in?

If we only rely on the profit we can get from bitcoin, do you think ordinary communities can achieve the dream profits they want from bitcoin? It would be okay if I was on the same level as elon musk and microstrategy who were capable of buying bitcoin more than 1. So for me, there are more opportunities in altcoins even if we say the level of risk is higher, in the end they still have the same risk.

[dekafee79]

It you cant be able to handle up such volatility then it will really be better to stick into those top coins like Bitcoin or some solid altcoins.

If we consider the volatility, all crypto coins have big volatility, including Bitcoin. But Bitcoin price move is clearer than altcoins. Only stable coins that have stable prices in crypto. Unfortunately, they are not the right coins for investment. 

I think there is nothing wrong with the volatility, this even becomes the advantage in crypto. If Bitcoin and those top altcoins have no volatility, I am sure there are no investors want to invest in them. So, we don't be afraid with volatility. We only need to have the right strategy to deal with the volatility.

Simply we can invest in bitcoin where the movement of altcoin is also influenced by the movement of bitcoin. When bitcoin increases then altcoin will be the same, and if it decreases altcoin usually decreases deeper than bitcoin.

everything has a risk, we agree with that. But in all the risks that exist we can choose something that has a smaller risk in this case is bitcoin.

        -     Everything you mentioned is actually correct, if the focus is on less risk, given that Bitcoin is also proven and tested. But the question is, is bitcoin the only one that can provide opportunities in the crypto industry we are in?

If we only rely on the profit we can get from bitcoin, do you think ordinary communities can achieve the dream profits they want from bitcoin? It would be okay if I was on the same level as elon musk and microstrategy who were capable of buying bitcoin more than 1. So for me, there are more opportunities in altcoins even if we say the level of risk is higher, in the end they still have the same risk.

Bitcoin is not the only coin that can provide opportunities to gain profit but there are still other top coins that can provide profit, but if we talk about the risk of bitcoin, the risk is lower when compared to other coins because it has been proven that bitcoin as the king of crypto currency, its movement is always followed by altcoin. That is a fact that we see in the crypto market. And bitcoin is getting more expensive every day, we will get profit if we enter at the right time and of course sell it at the right time.

[enwi]

Bitcoin is not the only coin that can provide opportunities to gain profit but there are still other top coins that can provide profit, but if we talk about the risk of bitcoin, the risk is lower when compared to other coins because it has been proven that bitcoin as the king of crypto currency, its movement is always followed by altcoin. That is a fact that we see in the crypto market. And bitcoin is getting more expensive every day, we will get profit if we enter at the right time and of course sell it at the right time.

Exactly, there are many things that currently in the crypto world that we are able to lay our hands on to gain profits. Popular altcoins which show promising future are also to be considered, but the risk level will be higher most probably. We must still learn to read the market and make pro, proper decisions in purchases as well as sales. The most important thing is to courage for venturing new change and being wise not to take wrong change. However, the situation analysed here means that the chance of getting good results remains open if properly planned.

[$crypto$]

Simply we can invest in bitcoin where the movement of altcoin is also influenced by the movement of bitcoin. When bitcoin increases then altcoin will be the same, and if it decreases altcoin usually decreases deeper than bitcoin.

everything has a risk, we agree with that. But in all the risks that exist we can choose something that has a smaller risk in this case is bitcoin.

        -     Everything you mentioned is actually correct, if the focus is on less risk, given that Bitcoin is also proven and tested. But the question is, is bitcoin the only one that can provide opportunities in the crypto industry we are in?

If we only rely on the profit we can get from bitcoin, do you think ordinary communities can achieve the dream profits they want from bitcoin? It would be okay if I was on the same level as elon musk and microstrategy who were capable of buying bitcoin more than 1. So for me, there are more opportunities in altcoins even if we say the level of risk is higher, in the end they still have the same risk.

I think we can't pit one against the other, as long as both can bring benefits. The context I conveyed above is when we can't take a bigger risk, then the choice is that.

But of course with the opportunities also offered by altcoin we must be able to maximize it very well, but with the risks that we must also be prepared for. Actually in this case we have the same goal, it's just that maybe the way of conveying it is different.

[bounceback]

It you cant be able to handle up such volatility then it will really be better to stick into those top coins like Bitcoin or some solid altcoins.

If we consider the volatility, all crypto coins have big volatility, including Bitcoin. But Bitcoin price move is clearer than altcoins. Only stable coins that have stable prices in crypto. Unfortunately, they are not the right coins for investment. 

I think there is nothing wrong with the volatility, this even becomes the advantage in crypto. If Bitcoin and those top altcoins have no volatility, I am sure there are no investors want to invest in them. So, we don't be afraid with volatility. We only need to have the right strategy to deal with the volatility.

Simply we can invest in bitcoin where the movement of altcoin is also influenced by the movement of bitcoin. When bitcoin increases then altcoin will be the same, and if it decreases altcoin usually decreases deeper than bitcoin.

everything has a risk, we agree with that. But in all the risks that exist we can choose something that has a smaller risk in this case is bitcoin.

Bitcoin have less risk than altcoin and very profitable for investing but price have increasing drastically looks many people or trader worry will possibility earn much profit by trading in bitcoin. For altcoin increasing price depend on bitcoin, many time nowadays altcoin have huge decreasing when bitcoin get small correction only, I think for investing in bitcoin need purchase much capital but in altcoin looks profitable although have small capital for trading.

If want high return but high risk altcoin is the best way for trading but if want take less risk and small return bitcoin become most profitable for investing.

[bounceback]

Never be greedy in cryptocurrency trading if you want earn much profitable,

I think its important thing for all trader after success buying bitcoin or altcoin must set up how much percent profitable earn, but many people blame after reach profitable and their coins success break out but forget for taking profit. Be greedy want to earn much profitable again its the other side why many people have floating with their cryptocurrency investment, firstly set up how much profitable earn and take profit after price increasing based on our profit goals, next buy back when price going down and possibility earn much profitable again.

[legend45]

Never be greedy in cryptocurrency trading if you want earn much profitable,

I think its important thing for all trader after success buying bitcoin or altcoin must set up how much percent profitable earn, but many people blame after reach profitable and their coins success break out but forget for taking profit. Be greedy want to earn much profitable again its the other side why many people have floating with their cryptocurrency investment, firstly set up how much profitable earn and take profit after price increasing based on our profit goals, next buy back when price going down and possibility earn much profitable again.

As you said, greed always makes us lose the opportunity to gain profit because the crypto market is very volatile. We must have a plan in the beginning and execute to sell when the target has been reached. But sometimes greed makes us change the initial target plan because we want a higher profit. And finally when the price suddenly drops, we lose the opportunity to gain profit, that's what I always experience at the beginning of learning trading.

[Vx1]

Never be greedy in cryptocurrency trading if you want earn much profitable,

I think its important thing for all trader after success buying bitcoin or altcoin must set up how much percent profitable earn, but many people blame after reach profitable and their coins success break out but forget for taking profit. Be greedy want to earn much profitable again its the other side why many people have floating with their cryptocurrency investment, firstly set up how much profitable earn and take profit after price increasing based on our profit goals, next buy back when price going down and possibility earn much profitable again.

As you said, greed always makes us lose the opportunity to gain profit because the crypto market is very volatile. We must have a plan in the beginning and execute to sell when the target has been reached. But sometimes greed makes us change the initial target plan because we want a higher profit. And finally when the price suddenly drops, we lose the opportunity to gain profit, that's what I always experience at the beginning of learning trading.

This kind of thing must happen very often to almost all crypto traders, they hope the price will go up again but in reality it goes down. This feeling of dissatisfaction or always lacking is called greed in crypto trading, which can certainly eliminate our chances of making a profit. However, from events like this, many people learn and eventually stop these bad habits.

[Gurujebs]

This kind of thing must happen very often to almost all crypto traders, they hope the price will go up again but in reality it goes down. This feeling of dissatisfaction or always lacking is called greed in crypto trading, which can certainly eliminate our chances of making a profit. However, from events like this, many people learn and eventually stop these bad habits.

Seeing this thread just made me remember how people were greedy and lost their Xion rewards because they were greedy. The team awarded airdrop rewards to some eligible participants despite when many couldn't get the tokens, there was a gambling that you can withdraw your tokens or double it/ win nothing and I was shock some people did it and lose everything.

How can you lose all your token reward worth $6k because of greed, I don't see that as even gambling, that's the highest greed I have ever seen in my life in a long time in this crypto space.

[BitMaxz]

This kind of thing must happen very often to almost all crypto traders, they hope the price will go up again but in reality it goes down. This feeling of dissatisfaction or always lacking is called greed in crypto trading, which can certainly eliminate our chances of making a profit. However, from events like this, many people learn and eventually stop these bad habits.

Seeing this thread just made me remember how people were greedy and lost their Xion rewards because they were greedy. The team awarded airdrop rewards to some eligible participants despite when many couldn't get the tokens, there was a gambling that you can withdraw your tokens or double it/ win nothing and I was shock some people did it and lose everything.

How can you lose all your token reward worth $6k because of greed, I don't see that as even gambling, that's the highest greed I have ever seen in my life in a long time in this crypto space.

How exactly do the Xion rewards work? I just searching about Xion I can't seem to understand how people end up becoming greedy about the Xion rewards.
Do you mean that they abuse the free 500 token? It seems you need to burn in order to receive this airdrop, which is pretty easy.
There is no difference between abusing and gambling; if you are greedy, you will never be able to win any bets; however, as he stated, this type of habit can be changed because people learned. We should always be satisfied with the result, whether we lose or profit.

[nakmantu99]

Never be greedy in cryptocurrency trading if you want earn much profitable,

I think its important thing for all trader after success buying bitcoin or altcoin must set up how much percent profitable earn, but many people blame after reach profitable and their coins success break out but forget for taking profit. Be greedy want to earn much profitable again its the other side why many people have floating with their cryptocurrency investment, firstly set up how much profitable earn and take profit after price increasing based on our profit goals, next buy back when price going down and possibility earn much profitable again.

As you said, greed always makes us lose the opportunity to gain profit because the crypto market is very volatile. We must have a plan in the beginning and execute to sell when the target has been reached. But sometimes greed makes us change the initial target plan because we want a higher profit. And finally when the price suddenly drops, we lose the opportunity to gain profit, that's what I always experience at the beginning of learning trading.

This kind of thing must happen very often to almost all crypto traders, they hope the price will go up again but in reality it goes down. This feeling of dissatisfaction or always lacking is called greed in crypto trading, which can certainly eliminate our chances of making a profit. However, from events like this, many people learn and eventually stop these bad habits.

Yes, we must avoid bad habits based on greed because we will lose the opportunity to make a profit, I have also experienced it, maybe because my analysis and intuition were not good at that time and finally I missed the opportunity to sell my coins when they went up because I hoped for a higher profit.

[JISAN]

Never be greedy in cryptocurrency trading if you want earn much profitable,

I think its important thing for all trader after success buying bitcoin or altcoin must set up how much percent profitable earn, but many people blame after reach profitable and their coins success break out but forget for taking profit. Be greedy want to earn much profitable again its the other side why many people have floating with their cryptocurrency investment, firstly set up how much profitable earn and take profit after price increasing based on our profit goals, next buy back when price going down and possibility earn much profitable again.

As you said, greed always makes us lose the opportunity to gain profit because the crypto market is very volatile. We must have a plan in the beginning and execute to sell when the target has been reached. But sometimes greed makes us change the initial target plan because we want a higher profit. And finally when the price suddenly drops, we lose the opportunity to gain profit, that's what I always experience at the beginning of learning trading.

This kind of thing must happen very often to almost all crypto traders, they hope the price will go up again but in reality it goes down. This feeling of dissatisfaction or always lacking is called greed in crypto trading, which can certainly eliminate our chances of making a profit. However, from events like this, many people learn and eventually stop these bad habits.

That's why one has to invest following DCA method without being overly greedy.  Instead of investing a large amount at once, small amounts should be invested over a period of time. In this case, if the price of a coin falls, the average entry price will be much lower, due to which the possibility of major losses is less.  But those who are greedy and invest a large amount together to make a large profit quickly are the ones who lose a lot.  If you want to do trading, you have to be patient and analyze the market well and then do it.  But not everyone has this patience and that's why trading is not for everyone.  Those who can trade patiently without greed are successful