Never Be Greedy!

[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.

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.

Hers is the team announcement

https://x.com/burnt_xion/status/1866868613413785888?s=46&t=qJXYidUv-9dGH9cW3Joe_A

It was a game launch by Xion team for people to double their rewards or win nothing. Instead of the airdrop participants to withdraw their coins to exchange, they did it and win nothing, lost everything. I mean why will you gamble in a game that you know nothing about the outcome, the team announced half participants lose and half won according to them.

I was looking for one guy tweets that was crying for his loss on X but I couldn't get the link.

[$crypto$]

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.

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.

It will come back to each of us, and I myself prefer to take advantage of the opportunities that exist in both, both bitcoin and altcoin, only in terms of management we must also have good management to manage both.

Everything can be done as long as we want to, because with that will it will certainly encourage us to continue learning, because the key here is learning to be able to gain comprehensive knowledge.

[Chilwell]

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.

Greediness does not only prevent someone from making profit, but it also causes them a lot of losses.
Greed can be a major obstacle to profitable trading. Attempting to exponentially increase profits, such as doubling your capital, can lead to reckless decisions. A well-planned trading strategy prioritizes consistent, albeit smaller, profits. Greed, if left unchecked, can result in significant losses, potentially even depleting one's initial capital.

[doc]

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

I agree with you, in trading we need patience and not to be greedy because if we are greedy we will deviate from the initial plan and could lose the opportunity to make a profit, unless we have good knowledge and experience in reading market movements we can change strategies when the market trend is up.

[debra]

I agree with you, in trading we need patience and not to be greedy because if we are greedy we will deviate from the initial plan and could lose the opportunity to make a profit, unless we have good knowledge and experience in reading market movements we can change strategies when the market trend is up.

Both in trading and investment, we need to have patience. If we have no patience, we will be difficult to control our emotion. When we can't control emotion, we may be greedy. This won't be good for our trading, sure we may miss the chance of getting profits and end up with losses. To avoid this, it is true that we must have knowledge, experience, and strong mentality. If we have these, our strategy in trading can work well.

[enwi]

I agree with you, in trading we need patience and not to be greedy because if we are greedy we will deviate from the initial plan and could lose the opportunity to make a profit, unless we have good knowledge and experience in reading market movements we can change strategies when the market trend is up.

Facing everything that is full of opportunities, it is more appropriate for us to gain our composure and open our minds. All actions have their usefulness if only they are conscious of the objectives we wish to accomplish. When something turns out better than we anticipated it doesn’t mean that out of nowhere we need to start moving in a different direction but sometimes became change tempo but still move in the planned direction. This can be attributed to the commitment of investing in education and affirmation of the reality of openness to all kind of inputs to help face each of the challenges identified in this paper with more confidence. We only need to bear in mind that any mature decision will always yield better outcome type in the future.

[bitterguy28]

I agree with you, in trading we need patience and not to be greedy because if we are greedy we will deviate from the initial plan and could lose the opportunity to make a profit, unless we have good knowledge and experience in reading market movements we can change strategies when the market trend is up.

well sometimes an expert can grow greedy and end up losing money at the end even if they know what they’re doing simply because the market is too unpredictable and mistakes can still happen no matter how careful you are

sometimes taking risks can pay off but don’t overdo it because at some point it will get to you and you will definitely lose money

[emmybd]

There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.

When investors win, most of them get carried away. I have also faced similar situation before. I won big then I got carried away and lost all eventually.

[rizqillah]

I agree with you, in trading we need patience and not to be greedy because if we are greedy we will deviate from the initial plan and could lose the opportunity to make a profit, unless we have good knowledge and experience in reading market movements we can change strategies when the market trend is up.

well sometimes an expert can grow greedy and end up losing money at the end even if they know what they’re doing simply because the market is too unpredictable and mistakes can still happen no matter how careful you are

sometimes taking risks can pay off but don’t overdo it because at some point it will get to you and you will definitely lose money

We sometimes take risks, but we have to do analysis first. because taking risks without analysis is a silly thing.
That is the function of risk management in investing in crypto.
An expert has indeed experienced losses, but they can quickly get higher profits than their losses.

[Vx1]

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.

An event like this will be a very valuable experience for us, and surely after this event we promise not to repeat it again. Losing the opportunity to get $ 6k is certainly not a little, and surely we have imagined if only we had gotten that money. Greed in any case, it will have a bad effect.

[bounceback]

We sometimes take risks, but we have to do analysis first. because taking risks without analysis is a silly thing.
That is the function of risk management in investing in crypto.
An expert has indeed experienced losses, but they can quickly get higher profits than their losses.

An expert trader have much experienced and manage well of risk management, not care have to cut loss awhile for getting recovery and earn much profitable later than become long term holder waiting price recovery back.
I think important how to manage of risk in trading and only most experienced trader get braveness for taking loss to get buy more lower price.
Always analyze possibility happening later in cryptocurrency trader and must take risk when market have bad condition or not our predictable before.

[Stuart]

There are lots of rules to be a success trader and greedy plays a vital role.While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a losser.

One must dedicate his/her time to be good when it comes to trading. At the point of this dedication, learning process is what happens, probably trading with demo account doesn't make you a professional traders until real assets are placed.

Greed is an effect of seeing means of carrying big bag filled with money, unaware of the deep pit up ahead. This can only be dealt with on a real life situation, cause everyone who is caught up in such situations wants to try it, thinking one can outsmart the market, not knowing it is greed that is playing it's way. Being greedy in the market is something every trader experience, just a few that can overcome the situation.

Experience in trading is what kills greed when in the market, it also create disciplinary quality to all professional traders, who is satisfied at his/her take profit position at all time, meaning him/her has learnt the principles of securing profits.

Trading deals with discipline, lack of discipline will lead to regrets. Trading is taking risk, it is important to take risk, a well analyzed and calculated risk is worth the taking, not the risk done out of excitement and desire for immediate acquisition of profits, which could be disastrous.

[Aanuoluwatofunmi]

The more you're greedy the more losses you get, we have to be more active in knowing what to do and when to do it, trading is not a child's play whereby we are just going to be doing it like that the way we want, we may not be too informed about some things, there are more to learn with time the more we are doing it, but we must not be able to afford trading at a risk we cant accept.

[satpol_PP]

The more you're greedy the more losses you get, we have to be more active in knowing what to do and when to do it, trading is not a child's play whereby we are just going to be doing it like that the way we want, we may not be too informed about some things, there are more to learn with time the more we are doing it, but we must not be able to afford trading at a risk we cant accept.

Greed will make us lose the opportunity to gain profit. Trading is a business in managing our finances by trading on the stock exchange. So in trading there are many things that we should learn such as analysis, strategizing and always focusing on the plan that we have determined, stay away from greed when the target has been reached, it is better to sell our coins.

[bitterguy28]

Greed will make us lose the opportunity to gain profit. Trading is a business in managing our finances by trading on the stock exchange. So in trading there are many things that we should learn such as analysis, strategizing and always focusing on the plan that we have determined, stay away from greed when the target has been reached, it is better to sell our coins.

failing to have a concrete plan will lead you to not being able to control your greed some people just go and trade or invest without any plans yet and they will only make a decision once they are met with an ideal situation that is why when a good place to take profit comes they are still unable to take advantage because they do not have a specific goal anyway so they are left hanging around waiting until they feel like it is a good enough price but then it crashes and they are left with nothing this is why setting plans and goals is important before diving in to anything concerning trading