Bitcoin Forum

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.

Sometimes we are a failure in controlling our emotions. This is like a hard challenge for everyone. When the price is at the bottom our plan is just to get in and wait for the price to rise a little and realize a moderate profit. But when the price is already at the very point where we should already be selling, that's the time we suddenly decide that we want more and then we forget the target selling price and wait for more pump. Sometimes we end up caught by a correction or the dump that we ended up waiting for another pump in order to make a little profit.

taking advantage of opportunities right now is also pretty good, your advice about emotions is also very useful, but it all depends on the situation and conditions using the funds to choose a really serious project

if you are searching just the profit, a pure speculation it's ok, you don't want take part of this "revolution" 8) .
if you're investing in some new project, shitcoins etc etc well this sound like gambling but it's always a strategy with an high possibility of loss.

I am holding some btc since some years and I think that a "good coin" must be preserved in portfolio for a long term.
Despite I have a good profit accrued from several years of trading or investment I will not sell my coins or cash-out since I am feeling more secure to store value in btc then FIAT currency ;) .

Thanks for the advice OP, I'm sure that those who got caught in 2017 won't repeat same mistake again but what about newbies? When I was a newbie my greediness was so high that i care less about few profits, I aimed too high until everything came crashing on my head, my point is not everyone will be able to control their greed until they make mistakes, once bitten is twice shy they say

I agree, but the big question is when to take profits? When one should sell, we don't know the peak price of a certain coin so it's hard to sell. So it depends on the individual itself, let's say bitcoin for example, will someone sell when it reaches $20k? or wait till it met a new all time high?

So it will also be a calculated risk, there was even one thread in which someone is bitching around selling bitcoin around $14k and now look at where the price is. So we need to factor everything first and think logically, or probably just sell at least 50% of your stash and then see how it goes.

By doing this there is a chance of missing out on a very good project because we always want to sell immediately and run away without given the project a chance to develop prove their worth,
Am not against profit taking, hell I love to take profit, but sometimes we have to look at the bigger picture, especially when it seems that project really got what it takes to be big in the near future,
Look at some project launched 4 to 5 years back that are trading above $20 and imagine the launch price and current price, those who take profit long ago can only look back and wish they didn't.

We will certainly be relax this time, lol..

For me, I have learned a lot in the lasts bull run and one big thing I learned is to stay cool, continue to initiate the plan and don't be greedy.
Be smart all the time, put your emotion behind and always make a decision according to your plan.

the bull run is just around the corner but it could also be a trap, so at least consider that possibility as well.

Greed will make us lose everything, some people can't control their emotions when the bullrun comes, so they forget how to build a portfolio properly. No one can predict the Cryptocurrency market, so we need a strategy to balance the risk of loss when building new ATH. And what needs to be underlined is never to put all your eggs in one basket, because if the basket falls, all the eggs will break.

Actually we can control our greed and fear if we know what we are doing wherein we have a plan when to enter and when to sell it. A lot of traders are mistaking that managing enotions are not important wherein they think it is just a waste of time and for me it is the reason why they are not earning money in the market. The market is current uptrend where the dominant emotion is greed and it resulted to the increase of some cryptocurrencies. Being greedy is not bad as long as we are aware on what we are doing and we are not controlling by our own greed. By creating a good planning when we are executing our trades, we can have discipline and we can create good decisions that can help us to make gains in our investments.

Entering the month of October the market went hype already in terms of Bitcoin price and it went more hype this month as it followed by Ethereum, XRP, and other Altcoins in the market. Some traders can't take profit hoping it will go up more and some are taking profit already when it's just started to go up. And here emotional traders will affect their decision and also those greedy ones. Be careful and take it all in balance so you won't lose in the end.

Easier said than done.
Emotional control is quite hard actually and I believe that even the professionals are struggling with it still.
You know when it is profit you'll surely be happy and the factor that ruins your patience to hold a bit more is that you get flashbacks from the past time that you had your FOMO.

Making business should not be mixed by emotions, the goal is to make profit not to attach feelings. More importantly, trading in crypto with its volatility. We should think about what's the best move to make not just blindly go with the hype, it will only cloud your decisions. And being greedy is one thing, a trader should know when to sell, yes it takes experience but it will be surely helpful in the long run.

Sometimes its hard to know the right time to sell and the right time to buy, be moderate in your profit if you are moderate you will not go for big profit and you can cut your losses, it's ok to not sell when you want to that does not mean you are greedy for more profit, it's just that you believe in the power of HODL and you trust the project not to dump the coin.

Greed is human nature so we can't avoid such behaviour especially if you are chasing high profits. If you are so deep in trading, you can't avoid being emotional. But from time to time, you need to contemplate on what's going on so you can keep track of your goals and not be stuck on a specific situation.


Riding the hype is usually the common mistake of crypto users. Because most of the time you will be trap in a hype and ending up holder of worthless tokens or coins.

As long as you think it's time to take the profit do it don't ever feel regret when you are selling any cryto currency you own because you want to earn more. That is the reason why many people lose money in trading, many seek to earn more and are not satisfied with their profit which is actually enough to be called a good trade.

agreed. i always take my profit from bullish market. i don't care if it's a big or low profit. i don't want to be greedy, because i've experienced it once in the past and i still regreted it. i miss a chance to take some profit because of my greedy. the chance won't come twice. so, now i prefer take my profit immediately when i get my profit from trading or bullish market.

It's not too late to invest on bitcoin as per the present chart, every pro traders are still bullish on bitcoin right now, I believe that 20k is very much possible, as for altcoins there isn't very much percentage in price surge so there is still enough time to get in before altcoin season, don't forget to have a price target, many don't have one that why they get rekt in 2017, have a aim and sell when the aim is reached

You can't stop people from being emotional when they see their profits because they consider this as an achievement from their long wait from their patience, I also have some coins I bought and at $15 marks and looking to sell half of it when Bitcoin hot an all-time high.  

Actually, this is one of human nature to continue to want to make a profit, but we also have to be aware that it can lead to losses. try to be patient and also look for the right momentum, how can we adjust the situation to the investment we have, so that we can get the appropriate profit

I agree with OP, most of the investors especially the new one thinks that if they hold the coin it will bring them more fortune, but they are wrong in that thinking, cryptocurrency is unforgiving, it will give you a fortune but if you are not smart enough he can take it away in a snap, I am also in that kind of thinking before and it breaks me after I hold the coin worth 20,000 USD it hit rock bottom and all I can do is watch as it disappears into thin air, sharing this through my experience be greedy but not too much, it will backfire.

Bull market is a greed era. FOMO levels are too big. And this will make next drop even more dramatical

Thats true, the past bullrun 2017 should be a lesson to those investors who became greedy for aiming on much higher price. Be wise and learn from the past experiences. If there's an opportunity to take profit and you see that you gain enough then dont be greedy and sell.

We dont know the next movement of the coins we currently hold thus take advantage if the price increase and enjoy the earnings. There's always a perfect time to buy again, what important is your profit big or small treasure it and be contented.

This is correct and it is also what has made many people to gain a lot while making others to lose a lot as well. Also, I think this situation depends on the type of coin the person is holding first and foremost, that is, people who are holding Bitcoin will hardly think of taking profits, because from the look of things, Bitcoin do not look like it is slowing down while others keeps making predictions upon predictions, but however taking profit is actually very wise. But from another point, most people who are long term holders will really not think of taking much profit now, because they know what they are after, hence confirming the fact that, it depends on the coin.
Also, this situation depends on the type of funds invested, if you invest what you can afford into the right coin, you will really be calm and in this case, it might not be seen as being greedy or emotional, but going for what you want.

If you learn from the events in 2017, now should be the right time to take profit. Because crypto prices can fall suddenly,
if we are too emotional and greedy, we will only miss a good opportunity to be able to generate big profits. So we must
have the courage to take the decision to sell our Bitcoin and altcoins if they are already profitable. Later if the price drops
we can buy it again, because there will definitely be a moment when the crypto price will go down.

But most people have the ambition to get it faster, and eventually they get caught up in an investment that is self-defeating, it's rare to find people who are not too ambitious at this point, I think that experience is also needed in this field, to assess the correct project serious about running a quality project for everyone.

I remember my friend who ended up getting nothing because of greed,
when you have made a good profit, you still do not want to take action to sell it immediately, because you still feel less, but what happens, the price drops and you end up losing everything,
This is a little story from a friend who is full of greed, so don't let our emotions and greed ruin our dreams.

I also made mistakes as you said in the past. and at this time I am more careful and think about the value of the assets that I have than I have to indulge in my desire to get even greater. because the value that I planned from the beginning of the investment that I had done 8 months ago has been achieved I think I don't need to be greedy anymore.

yes that is right but if you can't control your greed what you can do is sell 50% of your investment and leave 50% if you think it would go higher and exceed its all time high. but i think it's much better if you take profit now before it crash it's better to have profit than nothing isn't?

It's better to have a profit first before you hold more but don't sell all the coins that you have. Because people once they hold and sell they all do that all . Maybe they are not greedy to the profit because they believe to the bitcoin that will increase more even me I also think about that but Is not 100 percent because there is chance to dump it again the value.

indeed, emotional and psychology is the hardest things to control for most of traders mate
and i believe people that can control their emotional and psychology will be the winners

I think being emotional can be or it can't be control in some other way. But having a characteristic of greediness, perhaps, this will not be gone instead, greediness will always be a part for those traders who always in a hurry to earn a lot in a fastest period of time in the end.
Therefore, we really need to have a self-discipline and self-control as well.

Taking advantage of the good moments that are happening in the market is a very good thing because it can provide benefits for everyone, but it's true, as you say, where everyone should know when to buy and when to sell, because taking profits in any number is much more. better than having to be greedy in pursuit of large profits and even that may not be obtained.

That's a good advice small or big profit, profit is still a profit some I hope we all learn the lesson from 2017 don't be greedy and take profit before it's too late. Those speculation about it would exceed to all time high there's no assurance or evidence about that so it's better to have a secure profit rather than none.

Really it's a good advice for all crypto investor. But even then there will be many who will not be able to handle their greed. As a result, we will have to wait in the hope of much more profit. Maybe this wait of some people will not end year after year. So I think those who have made some profit should take it. When time passes, there is no profit in regret.

GREED will cause us to lose everything, a few people can't control their emotions when the bullrun comes, so they fail to remember how to construct a portfolio appropriately. Nobody can anticipate the Cryptocurrency market, so we need a tactics to adjust the danger of loss when building new ATH. What's more, what should be underlined is never to tie up all your eggs in one place, supposing that the basket falls, all the eggs will break.

Unless you have some target in mind, you never know what is the right time to sell.
Some people do have have set target of 20, 30, 50 or 100 percent gains as target, such people will be able to take profit but majority will be searching for new peaks and to identify that is not easy at all.

I lost many money for greedy. I bought many new coin in pump time, i thought i will sell it more high prices. But i couldn't and lost huge money. Now i understood my mistake. Now i always research that project where i want to invest. and thinks many times about investing a new project.

Being greedy is natural for some people because everyone want more. But we have to realize that trading is a very risky thing and price are changing all the time. Is greed good? Of course not, it is too risky to put a lot of money in an asset whose price is very volatile. The best advice is to use as much money as you can afford to lose and this will give you a little more freedom to relax when trading. Don't believe the hype too easily, it's very close to the downside.

We often get greedy when we think our predictions are correct, or are told by others about a strategy that is highly likely to work. Even though all of that is still uncertain because that is a greedy attitude we need to get rid of in every trade in the market, and we should be able to control when is the right time to stop when we are still or can already benefit from the trade, but our greedy nature will always have the desire to be able to get even higher profits by increasing the volume of transactions and getting greedy more when Our predictions are more accurate so that we don't realize when the price turns around, of course, it will immediately make us confused and can't do anything and in the end it's not our profit but it makes us loss.

Everyone here is looking to make money in other words everyone is greedy and you are suggesting everyone to not be greedy. If we take this positively greed is good it pushes you towards your goals and aims and also without greed crypto market would become boring.

The level of risk depends upon the coin you invested, i would not be much worried if my investment is in bitcoin as i know it will climb eventually even if we have a huge correction and you invested at the right time, but that cannot be said about the rest of the cryptocurrencies in the market. Expecting a higher profit is not greed if you believe it has a function and it is underrated but you can call greed if you invest in shit coin and expect them to rise to a level that is impossible.

Pump never a good time to buy any coin, I also experience this long time ago but now I have learnt my lesson, it is always better to stay calm, watch and patiently wait for the market to correct - which it will always do before buying, otherwise buying at the top will make u lose money.

You are correct, be wise or else you will end up lossing your chance to gain a good amount of profit if you will become greedy.

In my case, I cannot blame my self if I am really excited to what is happening in the market right now because what I see is almost green but I always control myself and I always follow my plan especially the selling price in order to avoid being greedy and emotional.

this is a wise advice that i ever read
but, a lot of people will not take their profit earlier if they think the price will grow higher, and mostly thats the main causes why a lot of people lose their money in this industry, because no body know if the price will growing more or dump very hard right ?

thats right, talk about greed basicly all people have this character
so, how to avoid greed, is by set a realistic target and discipline with our money management without that i think greed will always stay in our trading activity
regards

Best advice for traders. When at lost you don't have to be emotional and when in profit you don't still have to be greedy but sadly Ann can't even stand this after much laments even after believing one shouldn't be emotional they will advice and still fall victim. It takes discipline to survive the market anyways.

take profit when it enough for us, greedy wil make our profit become loss and time never comeback. most of investors thinking by holding their profit it could multiplied than before and they dont know how crypto market was so crued, whales could dump their profit anytime they want so before it happen be wise with our profit.

Actually, this topic has been discussed so many times in this forum, about the emotion and also greediness in the crypto world.
And many cases of these:
Sometimes someone is placing the token at a certain price and after reaching the rate, they cancel ad then make it up again and again. And in fact, the price doesn't rise up but down and down again. and then the regret of why not selling at that first-rate they willing. And this is greediness. And someone may be very frustrated and also not satisfied with everyone they sell and buy the crypto at a certain rate. they will blame themself and also they are not ready of being lost.

Controlling your mental faculties especially if you have lots and lots of investment money, ready to dispersed on many coins, is a hard act to do. Most of the time, having so much money would cloud ones judgment and might result to making flawed decisions in investing crypto. If you are having doubts and having some reservations doing trading, or investing, then you need mentors and also peers that you can trust in terms of sharing all crypto based information so you can make good decisions and be able to profit from cryptocurrencies.

I agree that there are tons of people who buy a certain project, it makes them a profit but they decide not to leave and fall in love with that project and they stay in it for far too long. I mean if you made a profit, you should get out and find something else you think that will go up, if you are not doing that it means you are missing out on next profits and you are going to lose a lot of money.

I would say best course of action for people who feel like they can't leave a project because they believe in its future and stay with it for months even years would be to check how well it performed compared to other projects. You will realize that if you got out and got involved with something else, you would have made serious profit but because you didn't, now you are stuck with this one.

The op have a good point it terms of investment. But you will never experience the thing that you hold a crypto gold like bitcoin for another long term starting this coming new ath, Some rumors said that bitcoin are going to 80k$ next year and I'm afraid to believe in them, But think again if you're investor for a long run. So its okay to be a greed if you have a dream. I don't want to encourage them to think short term profits and run away.

I would advice to all buyer and holders to think of a price you think you are comfortable to sell, write it down somewhere and follow this rule when the prices reaches this level. If you only think that "when the price reaches X, I will sell", then you wont sell it and will hold it. If you are lucky, you will get profit, if not, the price will go down and later you will feel bad for losing an opportunity. But if you have this price goal on paper, it will be your goal and will trigger you to sell.

Dont be greedy, be smart. You wont earn all the money in the world.

The main control for traders and investors is emotion. about complacency, greed, and pride. keep your head clear and keep looking for opportunities to make a profit. circumstances like this will make many people forget it all. nothing is better than emotional control and financial management.

Don't be greedy ,be careful and be wise at this moment because we all know it can change in a seconds.atlcoins now are too good to do investment bu look for a good one and i suggest to do investment in top altcoins.

I don't know your history in this space but one thing I think work in this space is to be greedy when people are greedy. If you are looking for quick return good, take your money and move, if you are looking for life changing profit, play this bull run, this could be the last time we are going to see most of these top projects this cheap. Be greedy and people are greedy, and be fearful when people are fearful

lots of FOMO, and hopefully there won't be many victims, buy and cry when they come down, be good at analyzing yourself, don't get carried away by FOMO and will lose ... like in 2017, don't repeat the same mistakes.  sell while lucky don't be greedy.

greedy will be main enemy for us ,our money will totally gone if we could not controll this human nature. many traders bankrupt and stop trading in any finance market due of this and it should be good experience for us so we will not face same situation with them. just take propotional profit and never imagine we could be rich man only in a night.

What makes some holding to be unprofitable is the GREED element.

When it's rising some invewtors always have hope that it'll rise further, before you know it'll decline.

So, don't allow greedy to put you into loss.

Upon doing any decisions with regards to crypto investment or trading, better exclude your emotions and any hard feeling so that you will not get driven into doing unnecessary actions that might just put you into regret. At times like this, we must be appreciative and be contented on the things that are right in front of us. Exclude greed as well for we must seize the moment by grabbing the opportunity for we have waited for this for too long ever since the last time the this moment have happened way back years ago. Be mature enough and be professional to think that every opportunity must never be missed for we are working in a volatile market wherein we basically do not know what would exactly things might happen if it will stays up and wake up that prices will go down all of a sudden. Do not let your greed and emotions drive your way on doing decisions, be analytical and logical to be able to create better decisions and avoid taking regretful actions.

Capital management is always the lesson we need to learn in the tough cryptocurrency market. There are a lot of people who lost a lot in 2018 and 2019, this is the time when they can get their lost money back. Taking profit in stages is the way we can make a steady profit.
It is necessary to observe the Bitcoin/altcoin and Bitcoin domain charts to judge the market trend shortly.

Good tip.
Just something to remind everyone.
We are still living in a world of fiat. So that is still the important thing to have for now as a means of buying goods.

I did sell some and bought appliances that are needed at home.
Wife is happy, I am happy. That's all that means to me. I am not investing to just let it be stuck until the end.
Somehow, we need to enjoy it too and provide little pleasures to our family.

People are becoming too greedy wherein they are not taking profits or selling the coins that they hold because they are expecting that it will forever go up then suddenly they will regret their decision if a dump happen suddenly. Controlling greed is the key in our investing journey because if you let your greed control you, there is high possibility that you will lose your capital by doing a lot of wrong decisions. It is still better if we know how we will manage our emotions very well in order for us to become successful investor.

yes, the current market situation really makes most crypto users feel happy especially Bitcoin investors and altcoin investors who have large amounts of assets they can take huge profits when selling at current prices. but a good mindset when it can manage assets wisely, can manage the finances of the profits to reinvest in good coins.

^ getting emotional on a single project or coin will only make you lose. out there there are thousands of projects, one of that is very likely will bullish following Bitcoin.

do your own research, then decide to buy at your own risk.

Sometimes it is inevitable that we will make mistakes in our steps so it will be a lesson for our steps let us not lose our emotional or being greedy on something be calm be happy with your little income because it will enter your mind so that you have more ideas and strategies to earn even more earning a lot of patience and waiting for the signal to invest it investors or traders who become successful is the most important thing for me whether I will make a big profit or if even if it is small, the most important thing for me is to have even more knowledge.

The advice is good and the topic is interesting but unfortunately we don't know about anyone's personal life and people's suffering. So many people are very happy with the rise and the past few days and many investors are making absurd profits from the current rise. In fact, when we get it right, we are not sad and because when we make a mistake, is there a judgment? This is just a game and it means controlling the emotional.

This is a typical case , all newcomers have been through this.
I lost 25k euros in 2018 because of my greed, i wanted more, but I only got 3k euros.
I haven't changed, i'm just as greedy as before, but I'm also smart, now. ))

indeed for long term investments greed is not a big problem, but for short term traders, i think greed will be a big problem because greed can break all the rules in our trading strategy, thats mean the risk will be higher if we break our rules buddy
by the way don't be emotional and don't be greedy is easy to said but hard to do

You are absolutely right, and besides, if you take real life, then we do not pay attention too often to the emotions of this or that person. But in this situation, we are very much aware that our emotional state affects the quality of our work. In addition, greed should in no way be shown at the moment when the cryptocurrency market wakes up from sleep and the green bull runs to the moon.

Setting a stop loss is a knowledgeable impression cause it important to put ones emotion and greed in check but the current market growth wont end very soon as you claimed because the market is yet to clinch new ATH price and if the market experience some price downtrend it just an important market corrections to strengthen the upcoming bullish trend.

Be it $80k or $800k one has to make sure when he invests in any coin be it Bitcoins or altcoins they must have a clear set goal within their minds about how much project they are expecting and should create sell orders if they are looking for small profits.

If you invested as a long term opportunity then don't get fazed by a few hiccups in the way of greatness. Often people laugh at people who sold their coins cheaper but they should understand not everyone looks at Bitcoins as a future investment and not everyone can block money for long periods.

I would say when trading altcoins you should always keep it simple, you see a better price then just sell it without thinking too much because overthinking will make you hold the coins longer and more often than not you will be a victim of greed.

Yeah and since we are talking about good coins in future I will strongly recommend investing some in PolkaDot because they look rock solid right now and barring any hilarious collapse they should do well.

You mean like 2017 this time again it will fall after reaching such heights? I honestly don't think there are chances of price dropping this time because it looks solid and market has matured and is bigger than it was in 2017.

Being greedy is good but you must always secure your capital you invested, for example if a coin you purchased at 50 cents is now trading at a dollar then you should sell half the coins and secure your initial invest and let the remaining coins ride the hype and keep cashing at regular intervals based on how market behaves.

I think what you said is quite reasonable，very smart. But this is easy to say though. It can, as almost anything, be harder to do.
Sadly，even though i know this，but i think i am one of the greedy people eventually.

One thing i seem to say is that you should not try to outsmart the blockchain or crypto currency as a whole because it just won't work. Also before you trade at all; you have to work on your psychology; you need to take character access classes to prepare you mentally because trading can be draining.

THE most important of all, is you should always do your ownn research

I have tried to be less emotional and less greedy but to be honest i just get attached to my coins so much that i always find excuses to not sell my coins even in times of obvious reversal, this is not a good thing because i can simply increase my holdings if i can control my emotions.

greed and inability to put one's emotion in check is one of the reasons people get rekt in crypto space. this has affected a number of people, including me. as we are seeing a new bull run, it will do well to put greed in check by taking profit at some point. greed made me hodling some bags since 2018.

We have been singing this as song in Crypto but many people will hear this today, accept to adhere, a any little issue that comes during trading either coin dumped or mooning you will see either of the two. One don't have to trade with emotions or be greedy. Once you see a profit, just take it out and hold your capital should in case and ones you see dump don't be too emotionall

Some holders have the right to be emotional, these are those who bought at the last all-time high that is still holding their coins, they have extended their patient not to sell their coin until it reaches another all-time high.

They should take a profit but hopefully, they are not going to sell everything they've got, because I believe Bitcoin from another all-time high to another, this is going to be continuous.

Its easy to say things like this but applying it to your own self is very hard.
You can say to others things like this but in reality you yourself can't do it.

Although this might help some, there will be investors who are emotional and greedy and they are the ones who are making this market move up (aside from the large institutions that are continuously buying Bitcoin). Learning not to be emotional and greedy requires experience. At first you can't resist it but as time goes by you will learn not to be like most of the investors out there.

What about my long term plan to a project? So you're advice us to cut our profit for a long term? I think its better to advice if the crypto are for at least have a long term plan like elrond so we can't decide instantly if we need to sell. Because they have a long term plan and its seem so sincere to their target. The better way is to analyze the project or review very carefully to stay on the project what we wanted for long term, Not to pump and dump practices and take project at the end.

That's it because many investors fail because of being no contentment instead asking for more and more without anticipating the possible Dump right after each pump.

Be happy enough gaining 5% upto 10% then rebuy again once correction happen then after the correction for sure another pump will come or if lucky the Bull run will give us what we really want.

But as of this time that market is starting to establish again from the nightmare of after halving be aware that there may be no high profit so far so sell and buy first or just keep the power of holding brings you what you really wanted.

Don't let your emotions and greediness bring you the worst-case scenario. I know it was a big challenge to control our emotions but if we are thinking about the long-term effect of this, there is no way to find it hard.

2-3% market gains, it was enough for me, at least. Investing isn't about aiming high before we have to sell but it is all about how we strategies our investment to grow and be contented with what we've got. It's something we need to change our mindset.

Trading is not investing. But the same principle should be apply. Lower profit means lower risk in contrast Higher risk means higher profit. Trade also what you can afford to lose, people our joining the hype led by their emotions. I know for sure that many will lose money, keep calm and dont get overwhelmed. He is right when he said that 2-3% gain is more than enough, do not be greedy.

Saying without doing is indeed very easy, because everyone is able to make words but not everyone is able to do it, because greediness is a trait that has been embedded in humans so it is a little more difficult to get rid of quickly.

Currently the crypto market is rising a lot the number of scammers is increasing as they improve due to rising currency prices many new traders are greedily hacking their personal information and stealing their currencies. Therefore, without greed of investment you have to analyze the market well and choose a good site for exchange which is more reliable greed throws people into a lot of damage and once everything is lost it becomes very difficult to recover be patient and move slowly.

Scammers are rising and they are also becoming intelligent than before where it is really hard to identify if they are running scam or legit ones, what we should have is a right mindset and a right expectations. Not all of projects can become successful and actually, only few projects can give us high returns because majority are scams or doesn't have any good products or services. Controlling our greed is a matter wherein we should only put our money on projects that we verified and also we made a deep research.

This is the reason why so many people use trading bots as well. The reason for trading bots making a better profit than humans usually can, is the simple fact that bots do not have feelings and emotions and bots can't become greedy neither.

If you buy a bot, and put some configurations in it that would make it buy and sell according to whatever you designated it with, that bot will do just that and nothing more. It will buy when you want it to buy and it will sell when you want it to sell, it will do this 7/24 on many pairs on many exchanges so it is faster than human as well. Humans on the other hand could get emotional, could change ideas, could be getting greedy, they are always putting the human problems into trading instead of bots which have no human mistakes.

This resembles a hard test for everybody. At the point when the cost is at the base our arrangement is simply to get in and trust that the cost will rise a little and understand a moderate benefit. A ton of brokers are mixing up that overseeing feelings are not significant wherein they think it is only an exercise in futility and for me it is the motivation behind why they are not bringing in cash on the lookout.

We tend to keep on holding our positions in the market, because we can’t predict where the market will be moving next. It’s a normal thing to want to make profit when you invest money in the market, depending on when you invested, it can only turn to greed when you have gotten enough but you’re still looking for more.

Since, investment is what you’re doing with funds that you want to risk in the market, if you happen to lose a part of it in the process of trying to make some good profit, there is nothing wrong with it. But everyone should always be aware when to take the right move, if you don’t, you’re going to be losing on a steady.

Yes, obviously, because greedy people always expect bigger profits so they forget less profits before their eyes, so I really believe that greedy people will always lose and will never win in the crypto space.

Greed is like a key that opens up the door to some avoidable losses,also uncontrolled emotions mostly leads to being greedy and they both constitute to a systemic failure.Decision should not be make when you are too emotional as this may cloud ones judgment.Scammers and fraudsters always look for this weak point in people.

yes I agree with you, greed will only harm us.  it's better to sell when it's profitable, don't keep holding it.  and can buy again when the price is corrected. That will give you a lot of profit instead of standing still and holding until the peak. we take profits little by little later it will be a lot.  it is my trading experience.

Those who got caught in greed few years ago won't want to repeat same mistake ever again, even those who buy bitcoin @20k in 2017 have a chance for recovery today, it's been four years already and that must have been a wild ride, thinking bitcoin isn't going to recover anymore isn't easy while you are still in loss, the fact is some people will forever be caught in greed, newbies for example

this attitude must be taken in trading in the crypto world Don't be emotional and greedy when you have got a profit from a coin investment immediately take the sell and see how it moves if it still looks good then reinvest in it this is what I usually do in trading in world crypto

Looking for another opportunity is the way to go. There's is always a failure in every process, not all crypto works the way we wanted to.
I guess, investing in crypto is much profitable in the long-term, it should be an extra fund that you'll be able to lose. unless you're a professional trader.

It is very good that you decided to remind the crypto community of important things, namely, taking your profit. Many are so passionate about the process of investing in cryptocurrencies that sometimes they see only huge future profits, but reality very often dictates their vision and this leads to losses, not profits. I myself have personally found myself in this situation several times. And I learned this lesson and now I regularly take profit, even if it is not even what I expected.

I agree with you, because we can not guess the cryptocurrency market, like in 2017 the cryptocurrency market is in a bull run (all coin are increasing very high and giving us all very big profits), but in 2018 the cryptocurrency market down very far (bear run) and make us lose if we still hold coin that we have in 2017, so I agree with you that we shouldn't be greedy because the cryptocurrency market can change very quickly (up and down).

As far as I might be concerned, I have taken a lot of lessons in the previous bull run and one major thing I learned is to remain cool, keep to your trading plan and don't be greedy.
Be smart constantly, put your feeling behind and consistently settle on a choice as indicated by your trading plan.
the bull run is practically around the bend but it could likewise be a snare, so at any rate think about that chance too.

That's right, I agree with you that in investing in cryptocurrencies we have to be smart in making decisions and also have to be smart in seeing the potential for coins that can be profitable for us and don't get caught up with lucrative offers but must be studied first before making the right decision

Good warning, the problem is there will always be some who will get trapped in the bear market because they failed to take profits when the market is pumping, it's always a wise choice to take profits, even if the coin you sold grows higher you aren't missing out entirely, atleast you made some profits, that's all that matters cos a half bread is always better than having none

No matter how sweet the bull market is, some traders and investors wouldn't sell. I know some buddies that has been holding Btc from 2017  at $10k, till now they haven't sold. They are maximalist, they cherish it and I'm cool with their ways.

Personally, I'm so emotionally when I see my portfolio in profit. I sell and wait the market cool off and rebuy as it bottoms out.
Buy the rumour and sell the news has been helping, that's my strategy and not a financial advise.

Your topic is very educative as it opens investors eye not to misuse this opportunity of this pump. Some people will sell all the coin they are holding now because of the price hike and the profit involved while some people will hold heir coin waiting for higher profit to be attached to the coin. Everything should be done wisely

Everyone should wait for the right time, and in the crypto market, you get a chance to profit from your investment or hold some time you never know that altcoin will give you more profit. Still, you have to make a good profit from them, so I suggest if your trader, you should always set your target, and when you have reached it, you should make your profit from cryptocurrency trading.

This is just the basics and the core pronciples of trading that i so much believe in; don't have emotions for any token; you are trading crypto currency for business purposes only; so stick to this and always take profit, also, learn to have a trade plan or pattern; to help you know at what prices to buy low and also to take profits.

Agree, preferably when trading one must have an entry point and a price target so as not to get caught up in wishful thinking. Several times I learned about this, and still emotionally overwhelms me in trading.

Don't be Emotional, Don't be Greedy for Trading. Trading is an addiction that is very deadly. It is better to understand the market and trade. Emotional Trading can make our fund void. And given the current state of the market, Emotional Trading is very dangerous.

These are definitely understandable truths.  But we are all human and emotions are a part of us.  Sometimes you start to worry about a big fall and sell so as not to lose everything.  Famous people said that the one who knows how to wait usually wins.

Everyone is excited, but that doesn't mean you should invest in lets say btc at $18,5k mark only because you see posts about "$200k BTC TOMORROW!!!".
Think with cool head and invest wisely, don't listen to anyone

We should've taken the bear market for years as an opportunity for us to buy and invest more so we'll have something to reap during the ATH. Our excitement couldn't give us a good profit if we'll buy while the price is still high. We better set a reasonable target now and take profits when we have reached it. It's about time to control our emotions or else it would be the one to control us.

op is correct its always the problem of some investors, being greedy, they tend to invest everything once they have seen a lot of money being generated, which sometimes may result to lose all their money together with the profit they have gained, no matter how big or small don't forget
to make a profit and save it, keep the capital and play with the profit.,

Controlling your emotions is actually not an easy task, as it might initially seem. Faced directly with the need to make a decision at a given moment in time, we can ambiguously assess the situation that has arisen. And from us is required complete concentration and taking control of our greed. Nothing should get in the way. Trading does not tolerate fuss.

What's been eloborated in the opening post is the reality about the cryptocurrency market. Whenever there is price pumping with bitcoin, people get greed and tend to hold or play for profit. Emotional failures were very rare to happen, because people who are long term into the market will not fall emotional. Greed always accompanies when we look for short term profit with very minimal investment.

That is why you should have some portfolio when you are holding or trading some tokens so that you have a guide for you to follow on when is the perfect time for you to sell it. Just make a good and solid portfolio so that your funds and investments are secure. Sometimes being greedy makes a good profit because you are gaining income instead of selling it fast, but regrets are the affiliation of that greediness. As long as you have enough knowledge about investing and trading, you don't need to be emotional, it's your decision after all.

Your advice is very good and very profound. I also lost a lot of money investing in Bitcoin. I trade bitcoin and I make some spread but I don't change to USDT to make a profit. Because my feeling believed that Bitcoin would continue to rise at that time but it went against my thinking. I lost some money and left a painful lesson.

Yeah dude thanks for your awesome suggestion. In this huge pumping season we need to hold our emotions.

I sold some investment coins as well as tokens. I earned most profit on chain link. I hope you also earned a lot.

Currently I am doing future trading on binance. And I made huge profit on Eth/USDT pair. I am thinking to invest after 2-3 months when cryptocurrency price will be down.

Greed is very dangerous and can some point pay but being greedy when trading or in anything isn't good. Greet has led many into had o know. Let's be very careful and set a target about our investments Once it's achieved move in to another than being at a place and getting liquidated. Let's wise up please.

This is a must thing to consider when you are already in greens where you do really need to sell it off and secure it out while prices are still on peak not just on selling out
when you already get caught with the dump which are usually most people do when they are holding off their coins where they do believe that it might able to shoot up
even more which it is always a questionable thing to happen.Greed is always there and this is why we should really be strict on controlling it because if we do let ourselves
fall into that certain emotion then that would highly affecting our decisions towards our investment.Just follow the simple rules you had made earlier and stick to it.

Greed and unable to control emotions are one of the main reasons why a person can easily experience losses in investment, and there are several other factors such as lack of knowledge about investing, lack of project research and unable to manage financial management properly.

Many of us really hope Bitcoin continues to be bullish without stopping...
your logic must be above your greed, you must be aware that the market is not always bullish, there will be times when the market is saturated and there is a market correction. *you, not greedy->definitely have nothing to lose.

These are the few basic rules of trading, it's always advisable not be too greedy even during bull run, as we all know the market is very volatile because you can never tell what might happen next, all its going to take is just one bad news to make the market start moving in an opposite direction its always best to lock on profits made instead of being too greedy and expecting the market to work hard just for you to get your targeted profits, just like they say a bird in hand is worth more than two that are in the bush.

if you are a Ethereum and Ripple investor it is enough selling last week when the value of these 2 coins pumped more than 100% and for a Holder thats a great profit .
But the problem is the market movement is irresistible in which we are aiming for more higher outcome.

But i think you are right,Sell half of  your holding and Keep on waiting if the amrekt continue to fall because if that happen then sell the another 50% and Buy again in Dip.

With this strategy our holding might be double ,Greed is our enemy as this will mislead us to losing.

Mostly new members are greedy and are emotional and this are the main reason that it could lead to loses in the crypto investment. The factors of getting emotional are those assumptions that cryptocurrency has no assurance to earn in investing, that cryptocurrency is a hih risk investment. This is why many new comers or investors loss in thr way in their investment.

Well depend on what newbie are you implying ,because some of them had been told about the wrong perception of crypto.
That investing here is like gambling in which all you need to do is Buy ,Hold and Sell.

They have not even told of what is the use of this and what can do for them.

Same reason why they are easily to panic and Soft hearted in regards to status of their Coins.

Trading is more profitable if you know the neon rules of trading. If we can trade according to the rules of the market, then we can get good profit by trading. But if we do not trade according to the rules of the market, our fund is likely to be zero. When one of our trades goes wrong, we take another trade without understanding the market and become emotional.

Agree, there had been a lot of opportunities I've missed when I was new in crypto because of staying for too long in a project until it lost its value. Always have a plan, and take your profit at a certain time. A project can create hype and die in a short span of time. Grab the opportunities open and look for another one.

New people in trading tend to be greedy, they are the ones who fall into this thing and sometimes this is their end as well. when we make some mistakes that could be a lesson not a misfortune, but if it is happen so many times after our first fall down then it is considered as a mistake of we will not let ourselves be better. We may be emotional oftentimes but we need to manage it so it cannot ruin us and break our sanity. I experienced this greediness and emotional breakdown as well, when I lose almost a bitcoin in 2018.

If indeed you are still confident and predict that the market is still good, there is nothing to worry about, but it is better if we make a target every time we take an entry, what percentage of profits and losses can be tolerated.

Lots of people that are being greedy ended up taking a loss rather than having a profit, we must have be intelligent on when to take profits even if it's small. Being emotional on crypto will just affect our trading strategy.

Emotional cannot be used in any form of work, because people who work emotionally always do not control themselves and will lead them to greediness, so obviously this is not a good thing for anyone to use.

Emotion and greed are the basics of crypto trading. If we can't control it, of course we will suffer losses. I often experience this, emotions (panic) want to quickly sell when the price goes down for fear of the price going down even more, greedy when the price goes up, don't want to sell immediately and feel the price will continue to rise. But it's all wrong, we have to be able to control ourselves.

It can be very hard to control your greed and emotions, I've come to understand that it's more harder to take profits when you have no aims and target, even if you earn 5x of your invested money you won't still feel satisfied, I'm sure this is what's happening with many people, it's easiest passage way to greed

To overpower your greed you have to have a aim, I'm getting out if XRP hits 1$ for example, then get out when that's possible, not having a target will put you in a lost state.

We need to know that crypto trading will not be completely free from various risks, before starting cryptocurrency trading, we are advised to consider various things, including choosing and determining coins that have the best reputation and are more stable. and also choose a legal exchange, it is not only safe but the transaction fees charged are also transparent so that there are no hidden fees that are not known.

This has been said like a thousand times, anyone that doesn’t want to learn a lesson and follow the right process, then whatever happens to their investment after, they are the ones that did it to themselves. For me I always say that people should do what’s right, and if you don’t know what’s right then you should learn to do what’s right, and if you wouldn’t learn, well, not everyone is going to make profit in the market , there will always be losers for there to be winners.

Some people don’t act right, they don’t invest when they should; market will be going down and they won’t invest when the market is down, instead they will be speculating lower prices, by the time they know it the price has started recovering again.

Overcoming greed and emotions is almost the same as defeating lust that is in oneself, obviously this is a very difficult thing because it is against ourselves who always have more desire for everything.

It has happened with me in the past that after taking profit or selling my coins the prices have mooned so it is always a very tough decision when exactly to take profits and i always have a fear that if i sell the coin will moon lol that is why mostly i end up holding my coins forever.

Always get what possible profit you can get no matter how small or big it is because it is still profit is always a profit. It is also a way for you to avoid losing everything that you have especially if that is a hard earned money.

Agree, of course to do something work will be chaotic or messy, so in my opinion it should be avoided such traits, a good solution is when the emotional comes at least stop doing activities or stay for a moment, or also drink a cup of warm tea, to avoid stressing it. ourselves which results in emotional emergence in someone, so that's why many people die or what is said to be a heart attack that makes them unconscious and blood rises, of course it will be not good for our health ...

Greed is just an habit that's hard to control sometimes and it lives in everyone of us, there is nothing wrong in been greedy, the only mistake you don't want to make is using the greed habit in a wrong way or at a wrong time, the best time to be greedy is in red market and be greedy on top altcoins only, there is nothing more safer in crypto space than this, for example if you are been greedy to have buy XRP at 0.24$ and went in with all you have now you would have make over 2x already.... If you don't take profit then you've already been over powered by your greed

Selling some altcoins now is good but not all of you have , I got some profit now but I will not sell of my coins now Im not greedy but bse on my own prediction and research I see a good more improvement to the price of the crypto coins.

Emotions better to not involve now because if you are emotional once price of the coins dump for sure you will panic and you sell all you have. Taking profit now is good because that is already money but think about the profit you will get more someday.

For new traders yes greed is not recommended and withdrawing profits at every good opportunity is required because the market can reverse down at any time and your profits will turn into losses as it happens with them every time, but for pro traders they already know what to do .

There is nothing wrong to be greedy sometimes because it can somehow get you into big profits especially if you are lucky and are with the cryptocurrency. Investing in bitcoin and other establish crypto all in before the bullish trend will let you earn big right now. So,  if you were not being greedy that time then that will not going to earn big at present or current market for cryptocurrency. Whatever it will be, being greedy or not the most important thing is that you know you are doing and you are confident on what you have done.

Just planning is not enough, we need to learn more about how to manage emotions. Previously, when I first joined crypto trading here, I used to set up very careful plans, but when the price went up and down quickly, my mentality was panicked.
All plans are broken when psychology is not stable. So I think we need more time to learn about crowd psychology to understand and not get caught up in it.
This is a good rundown of my fear management experience and it has helped me better when trading with high leverage.
https://www.deccanherald.com/business/family-finance/dealing-with-fear-psychosis-in-trading-752028.html

the most important thing is that you feel a profit, if you have got a profit you should finish it and enter when the price matches again,
wait and observe then analyze, don't get emotional, and dont be greedy

I don't think it's unsuitable for emotional people, it's just that you have to be able to do a proper analysis. it doesn't matter if you are emotional if you still get profit, analysis and also the power of timing is everything, don't make impossible expectations too much

Yes, but waiting for ATH on some Altcoins or Bitcoin is actually not wrong, it's just that it would be better if everyone always took advantage of the existing advantages even if not so much, because the cryptocurrency market is always filled with risks for everyone who acts on it.

that's true, we should take profit now that the price of Bitcoin is high but we should also consider about some of the user who invested on 2017 and got stuck with their investment i think it's their time to recover their losses as well.

In fact, first of all, a person must set certain goals for himself and create a specific plan according to which he will act so that any panic in the cryptocurrency market does not affect the results of his activities. in practice, being emotional in the cryptocurrency market is very harmful.

I was so emotional on DIA, I was so greed on this project that I bought the tokens will all I have, I sold my bitcoin to buy at 0.8$ through curve bonding and the price it 4$ per token and I sell off, I buy back my bitcoin and of cos some Ethereum, thanks to my emotional heart and greediness  ;D ;D ;D you want to know some fact? Be greedy when it comes to high quality projects, you won't regret it

I never forget that I lost huge money because of greediness because I really want to earn more but suddenly the market went down and also the crypto that I invested, I learned my lesson. I'm sure many of here were greedy and emotional before and it's normal for beginners but if you are in crypto field over the year I don't think if you still greedy and will emotional easily.

You just need to be calmer.
It should be noted that the cryptocurrency industry has experienced the active influence of fraudsters. During the existence of the crypto market, scammers put hundreds of millions of dollars in their pockets on trusting investors who wanted to get quick x's in the ICO.If you want to get rich, you need to be calculating, steady, and disciplined.

It is very difficult not to be greedy when one sees the current state of the market this extraordinary. Everyone wants to make a lot of profit so wait for the new ATH to happen. This is natural because bitcoin is currently more likely to reach a new ATH. Most investors and traders are waiting for this grand moment.
But the greed that is now going on makes sense because the opportunity is already in sight. However, we still have to control our emotions when the price correction is immediately to make the best decision.

Yeah, those sects of individuals doesn't have control over their doings, most especially those with emotions and greed, many of which don't have positive result from their deeds. The cryptocurrency market still be Young and thousands of traders and investors  are very much into the system, those with emotions be attached don't always get something good from their end, also, the greedy investors or traders sometimes meet their downfall when greed set into their life.

Greed is the root cause of loss. Even emotional traders also end up in loss. There are only 5-10% of investors are successful in the crypto market who follows the basics and fundamentals of the market they treat this market seriously. They do not trade like a gambler. The current condition of the market is very enticing for the investors most of us are thinking Btc will create a new high in the coming time but we never know what will happen. Chances are higher of rising the market but one should control its greed otherwise will end up in loss.

Emotional greedy is the beginning of harm wherever and whatever lies human carelessness, it is not enough to just gain a little usually it triggers greed. make a plan before far to move and there is already an example in a project is a road map and maturity in planning must be patient.

Greed could somewhat be normal especially when you are aiming high but the problem is that most of us aren't able to manage that greediness to its minimum and not even contented with a small thing. People get crazy especially when it talks about money, they wanted it all to be in their hands. It finds no wrong but somehow, some did things so badly and even sometimes sacrifice their dignity and reputation just to achieve their wants.

If you have good control within your greed the very big chance to accumulate decent amount of profits., It's tough fighting within yourself but

once you conquer it and manage to play well with it, the outcome is very beneficial to you. Greed most of the time lead you to lose instead of

gaining that's why you needed to understand and plan well on how to work with it the right way.

Greed is a very crucial factor which must be controlled to become a successful trader. When I started trading newly, I used to set very high targets which hardly get achieved. Sometimes I see above 100% profit but greed won't allow me take profit, I'll be waiting for more profit but at the end of the day I end up selling for smaller profit or even at loss. I learnt the hard way and now I'm thankful to be a good trader. Aside greed, we should always know when to leave a trade, whether in profit or at loss. This is the more reason why I use OCO (order cancel order), whereby I set my sell target and stop loss.

That's right, in crypto no one can easily get wealthy quickly, everything needs solid calculations and discipline at work and we also have to know what we are doing, don't waste time just on scam projects.

There is no way to be passionate and enthusiastic about investing. Because with investment there is always a risk and the amount of risk multiplied due to over-emotion can lead to loss of everything. Generally speaking, it would be very encouraging to collect information from any medium and be 100% sure. If the market behaves in a reversal way as a result, there could be a big loss. In the current context, many are speculating that the price of bitcoin will rise above 35K, so many people may become very enthusiastic about buying bitcoin, which could lead to a big loss if the market goes down again. So don't be too emotional and don't be too greedy trade through market reviews and always watch the market movements.

That is what everyone should always remember,

Even in ourselves, deep inside we all know that everytime that the market is showing an increase in price we tend to be more comfortable and wait for more for the highest possible price. However, we always forgot that we are being greedy, we should always keep that in mind that we should help to satisfy ourselves with the profit we have and do not let our greediness to get us.

It's hard to predict exactly what would be the best time to invest and what are the bad times. No matter how fluent you are in reading the market or forecasting the market behavior, yet you may get ended up with losses. That is the volatility of the market. That is the reason to have a balanced portfolio where you can minimize the risk. Knowing that, even if you face any losses, still you can make up your mind and march forward with the lessons learnt.

When it's comes down to taking profits our emotions is our biggest enemy, that's why it's always advisable to control your emotions while trading, and also take profit when you see one, cause no one can tell if the market will go keep going up or might just reverse down, so it's best to take whatever profit you get before it turns into a loss.
Your right, that's actually the main goal, but sadly some people normally fall in love with a coins and in the end they get rekt because they trusted the coin too much.

Agreed. Being emotional results in users holding shitcoins for the long-term, despite knowing that they have very little future potential. It takes a lot of courage to book losses, as the users don't want to admit that they made the wrong investment. But sometimes that is the only option available to save yourselves from complete forfeiture of your capital.

emotion will be they key for our trading result. its not easy to controll our emotion when we see portofolio , in negative or positive growth. many beginer investors failed in manage their trading due this reason , easy to cut loss or easy to stop profit . this is why skill an analizing very important for us to get best result in trading with minimum risk. 

It's always easier said than done, as if we can actually control our greed, everyone who adjust on how they trade or make profits in crypto space today must have lost money due to greed but yet they learn because of greed, there is a right time to be greedy and honestly we can't get rid of greed, getting rid of greed is giving up on trying

This is important factor when doing trading since some get too emotional and being greedy. Sell when the current positions of your assets are already earning. When you have holding a bag it is also important to be updated on the project because some often miss out on the news on when to take profit.

If you don't act as per the market conditions then it would become oblivious to lose money. If you put emotion as well as greed while trading then there is a maximum possibility of getting capital to vanish. So put this thing aside while investing or keep your empathy while trading. Some of the people get emotionally attached to shitcoins until they understand it is shitcoins the coin become useless. That's why it is become important to not emotionally take decisions while making any investment.

Obviously we must not involve our emotions in crypto even if it's trading or investment, whenever a profitable opportunity comes in any form we mustn't miss it to take its advantage that's the wise way to become successful in crypto industry it can be happen only when we give priority to our mind not to heart and most important having patience is much necessary here otherwise falling in greed always end up with loss.

It always feels good to see something really hype because values of different Cryptocurrencies can heighten your emotion. This might result in different unnecessary decisions that might lead to loss of unexpected earnings. We must keep in mind that its not needed to buy when these values are changing but we need to do what we currently need within that situation like learn more stuff then earn more stuff slowly so we must really keep in mind to not do anything rashly when something happens within the Cryptocurrency Industry.

To be honest it is easier to be said than to be done. But still, you gotta try to control it otherwise you will put only your profit at risk. If you saw an opportunity to sell or to buy, don't hesitate to do it. If you think your earned profit is enough then you should liquidate it. You should learn how to make your target price to sell or to buy don't be greedy and wait for more because we don't know how the market will behave. You might not escape the loss but you can mitigate it so don't be afraid to lose because you can even learn from it.

Although it is not easy to control emotions when looking at the portfolio, those emotions must be maintained properly, because not a few also experience losses when they are not able to control their emotions well, meaning that each job is not obliged to make emotional decisions.

In the current market situation, you must make the best use of it, if you see an opportunity then sell immediately and don't be too greedy to take profits. I learned from previous experiences when I hoped to get more profit but ended up with a loss.

It is beneficial to control ravenousness and fear on the off chance that we know what we are doing wherein we have a arrange when to enter and when to offer it. A parcel of dealers are mixing up that overseeing emotions are not vital wherein they think it is fair a squander of time and for me it is the reason why they are not gaining cash within the showcase. The advertise is current uptrend where the overwhelming feeling is greed and it brought about to the increment of a few cryptocurrencies. As a ravenous isn't awful as long as we are mindful on what we are doing and we are not controlling by our claim ravenousness.

Emotion always accompanies the users with small volume of holdings, because people will be highly focused on profit and they will be with fear of missing out. We can't state this to be greed, its the agony everyone possess. Most of the time the profit makers were the large volume holders. We need to be lucky or else we need to have a clear learning about the market of each and every cryptocurrency that is added to our portfolio.

Greediness sometimes is part of the game, sometimes is better to take your time and wait till the best time before selling than rushing to dump everytime, controlling emotions ain't always easy especially when is money related issues.

to be honest, it's been to hold back greed and emotions when trading,
surely they will come out when trading, especially if the market is volatile,
the increase will be even more unsatisfied.

Simple as it is. It good to also know that you cant make all the gains in a single trade. Anyone that can follow will be satisfied and not fall into any greediness trap.

Recently, there is a big correction from the market. Bitcoin moved down slightly, breaking the 18K support. It seems that bitcoin news is already done. The buyers are going to be slow and sellers are currently dominated the market. I thought that by the end of November, price of bitcoin will break its ath already since 2017. But I think that the hype is done. Let us hope that this is just a correction because when bitcoin goes down more, it definitely crash again. Crypto market is risky, we have to look for opportunities always and avoid greediness as well.

Greed is one of the human nature，to be honest，it is very hard to overcome，buy we can set a target，when the price hit the target and sell it without hesitation. Besides ，If we get too emotional when we trade，this can greatly impair our judgment and lead to bad decisions.

In general there are a lot of skeptics in the market right now, but i think people are starting to become more greedy in this market and that is giving positive signals from the market and the market is attracting a lot of new people to join it. Hopefully what we are aiming for will come true soon.

It is true that it is natural to get more profit, but at least we are able to control our emotions. Emotional trading can make us have too high expectations and have unrealistic expectations, and that is very dangerous in crypto and when trading

In general, every human being is difficult to be satisfied with whatever he has got, including me too, because all humans have a deeper desire to live their lives, so that this desire sometimes cannot be controlled properly which causes everyone to be greedy.

These are two different things that any body that want to go in to trading should never try to have , because at the long run you will definitely have yourst to blame. Emotional, you must be ready to your emotions in check and probably put it aside when you want to enter any trade, be it crypto or forex. And greediness, don't ever try to make all the profit in a day. If you do, you must be prepared to loose everything you have worked hard for. Just few days ago I lost close to $200 on forex due to greediness. I want to make all the money in just a day. I learnt my lesson in a hard way though. I guess that's what life is all about. We learn everyday.

It's a big hindrance to proper decision making, our mind should lead not our emotion.

I've been to that situation many times, I got greedy, was thinking of my future that I'll retire if the amount hit high per my prediction, but it only made me loss more because I missed the opportunity to sell, I could have still make a decent profit, but I didn't pull the trigger.

I just keep it as a learning experience, next time I won't do stupid things, like being greedy.

Greed is an essential component of human nature and it is not possible to get rid of it. But if you want to become a successful cryptocurrency trader or investor, then you need to learn how to control your greed and other emotions. You should not let greed prevail over caution. If that happens, then you may end up investing in shady projects and in the end you will lose most of your capital.

First and foremost, it should be considered that we are responsible enough in making good decision, being greedy and letting your emotion come into play is a sign of weakness, and you'll likely to make bad mistakes either in investing or in trading.

Not only that, even if you are investing in legit project and you see the price has increase significantly and yet you are still getting hold not to sell by your greed, that will make you regret once the price starts to correct.

Sometimes emotions can cause a lot of loss. Each work should be done on time. In Emotions, we don't sell coins for earning more. In the proverb,  “Greed leads to sin and sin to death” So don't be greedy for emotions, do research, and take the right decision. When you do what you have to do. Then your success will come.

Humans are greedy by nature, what we have to do is just to control that greed in order for us to make a good decision. Personally I've been greedy once in my life, particularly the last bull run but I have learn and I will not do the same mistakes again when the altcoins season will come.

greed will indeed destroy the trading strategy, even though you already have a good strategy,
but you are still emotional and greedy, profit will be difficult for you to get.

A ton of dealers are mixing up that overseeing feelings are not significant wherein they think it is only an exercise in futility and for me it is the motivation behind why they are not bringing in cash on the lookout. A few dealers can't take benefit trusting it will go up more and some are taking benefit as of now when it's simply begun to go up. What's more, here enthusiastic merchants will influence their choice and furthermore those ravenous ones.

yes you are right, I do not want to make mistakes in the past because greed will only make us trapped in the pit of loss. Now if I think the profit is sufficient then I will sell it right away

I agree with your principles, but for now in my opinion the price of cryptocurrency can still increase very high, because I see only a few cryptocurrency whose prices have increased very high, so the possibility that the price of other cryptocurrency will increase definitely happen too and of course it will make the market run into a bull run, so that it will make all cryptocurrency prices increase very high, but of course no one can predict the future state of the market and hopefully there will be no bear run like what happened in 2018.

Sometimes greediness makes you earn huge profit but still not good to be greedy it is risky action, instead of earning huge profit but losing money in the end. It's normal for beginners experience being greedy and emotion in crypto but learn to control if you don't want to lose money always.

changing the coins we want to invest in is very good, focusing on one coin alone will not bring you more profit.  Just imagine if you have been profitable from HODL Bitcoin for this year then you sell your OIN then buy ETH (example) then ETH is bullish and touches ATH, you've made a good decision..

you are looking through the benefit, an unadulterated theory it's alright, you don't need remove a portion of this "insurgency" Cool .
in case you're putting resources into some new task, shitcoins and so forth and so on well this sound like betting yet it's consistently a methodology with a high chance of misfortune.
I am holding some btc since certain years and I believe that a "great coin" should be safeguarded in portfolio for a long haul.
Notwithstanding I have a decent benefit accumulated from quite a while of exchanging or venture I won't sell my coins or money out since I am having a sense of safety to store an incentive in btc then FIAT cash.

I agreed with you on how greediness spoilt some of my profitable trades I was expected to take  profit and leave unfortunately the market moved against me under my watchful eye the trade was stopped out imagine losing some decent profits due to greediness, this is a big caution to investors, this is the right time to take some profits and leave the rest to run, I hope the event of 2017 will not play out this time around, I remembered then some prediction of the price of bitcoin reaching $50K unfortunately price dumped and losses were incurred and disappointment and regret was the other of the day.

This is like a hard challenge for everyone to control themselves. But most people have the ambition to get it faster. No need to be more emotional or be Greedy. You should be a more technical and fundamental person while you are in trading. Just wait for the best rate to load your bag and once an acceptable position appears, you must take some of your profit. Otherwise, you are just aside from a long-term holder by nothing taking into your pocket.

Indeed, if you invest in cryptocurrencies, you always need to remember that at any moment cryptocurrencies can fall in price, and therefore you always need to invest in cryptocurrencies at the right time and, of course, you also need to sell your cryptocurrencies wisely.

I was once greedy, I was also ambitious if I would have a lot of money but in the end I lost a lot of money because of that greed
now I agree with what the OP said because it is a wise sentence and should be done by everyone. it is not easy to do that but we must try not to regret it

emotional and greedy in trading are things that are often found in a trader,
but this is what makes traders stronger if they succeed in overcoming these two vices, greed and emotions will teach us to be more careful in trading,
even though it is very difficult to get rid of them I believe that by trying hard, these two vices will disappear.

The desire to get bigger profits is certainly one of the desires of most traders. I don't think that greed is forbidden for experienced traders, but greed can increase traders to ignore the risks that may occur and therefore greed may be one of the factors that can cause a trader to lose heavily in trading.

Capital management, risk management and emotional management are 3 things that a trader must always apply and must always be controlled properly in my opinion.

Our emotions will lead us to wrong decisions which will put our money in danger because the more that we let our emotions carry us, the more it will results to loose money. Don't get too excited when you are trading. Control your emotions for you to make a better decisions.

Both problem faced by trader right now with emotional where they will hold when getting price is up but always sell when price have going down not get risk to sell before price dump. I ever hold when raise profit more than 30% because I believe will going up again although price down and make panic for selling with lower price, can't control emotion and look greedy this happening on my trader right now and hard to get profit more in bitcoin or altcoin trading.

That depends actually, if the altcoins you're holding on is some shitty altcoin with no future prospect whatsoever then it's better to just exchange it to more prospective higher market cap coins which usually guarantee that there's gonna be good things happening simlpy because if the bearish market happens, these major alts will have a high chance to be the least affected

sometimes it is better to focus on one correct project than to find information about many new projects that are not necessarily true.
if we focus in my opinion there is nothing wrong with as long as we believe in the superiority of the project, sometimes the market cannot go according to our wishes which may not continue to be profitable.

Completely agree with this. Back in 2018, I was holding 3-4 dozen different tokens and it was getting really difficult to manage. Not just the storage was complicated, but also it was quite tedious to track the information regarding all these projects. By mid-2018, I decided to concentrate on just 5-6 projects and got rid of the remaining ones. It was one of the best investment decisions that I ever made.

Well, greed most of the time, if not all the time, led to people sometimes making bad decisions that would make the person lose most if not all of his hard earned cash. We need to see that greed needs to be checked and that greed needs to be eliminated from the human psyche, because it affects people not just in investing in cryptocurrencies, but also in their everyday decisions and all other facets of life. Be wary and observe control always and not succumb to primal lust for power and wealth.

In this most unpredicted market taking perfect decision at the perfect time is most important. Most of the coin price is pumped up. If you are a holder then you have to take proper decision at the proper time. If you think you will hold your coins to make more profit then it can be your wrong decision sometime.

Exactly, if we only know then we can all make a right decision and we can make easy money, the fact that the market is very much unpredictable, this would lead to wrong decision by some people as sometimes people do follow the FOMO and the FUD, so that's their emotion playing there instead of carefully evaluating the situation using some good analysis.

Yes it is true, trading is not as easy as we hoped and risky too especially if you have no prior experience with trading. people often suffer losses because most of them cannot control their emotional attitudes, are too greedy to get more profits and cannot manage their finances properly.

Many trader wrong time when buy coin, many of them buy when coin have raise to higher price and late price going down, exactly they will buy on the top price then sell when have lower price, need change mind about when have to buy or sell coin, never panic when seeing coin have raise higher need waiting for correction moment because not always coin support with higher price. Wait fed day later price will dump and you need to buy it.

Greed is a major liability in the Cryptocurrency investment just as much as fear. One should be able to sometimes take time to diversify his investments from projects to projects after a certain level of profits has been attained.

Greed, fear and emotions are something we can't remove completely from our lives, all these can become a tool to succeed or fail but if we use them right it could favour, buying bitcoin at 3500$ in March 2020 can be called greed because at that time people are selling cos of pandemic, all those who buy are now winners, been greedy when others are fearful is a  smart move, this is an example of using greed at the right time

So in other words you mean people should buy low and sell high ?

Haha , joke apart . If any investor can control greed and fear then he will turn out to be a profitable investor. But it's so tough to do that and it takes practice.

I ever loss all because emotional some time with future trading you can feel. when your position loss more than 30% you keep holding and never get stop loss this big mistake because any coin will have different way with your prediction and you will loss more. I thing emotion control is most important with trading spot or future in cryptocurrency and next time will be more careful when beginning with trade.

in theory it is, but the reality of the market is sometimes difficult to predict. And the thing that can be done is, when the market really goes down, it doesn't matter if we buy in large quantities. then when the market goes up, there is an opportunity to sell everything.

thats right. Googles this market can cause you to lose all your money. You must know how to stand in a good profit. the same applies to damage. Especially beginners should pay attention.

We should not predict the top and bottom prices of bitcoin if we are in trading. We should carefully monitor the price on daily basis with trading analysis and   also on-chain analysis to take action according to the situation. Also we should not hold the coins with the greed to get more profit.

Even today, do we look like impatient people by buying and holding our assets? however, when the price is high like this, it is quite difficult for me to hold the asset because the price is already very high, and when it falls, it could be that other altcoin prices also fall. however, clear thinking is needed for the time being. I just learned that when you get emotional in making decisions, the benefits you get will not be maximized.

I am sure that the biggest mistake is to trade with high leverage. Unfortunately, I already lost too much money on this and even if my deals would be successful at a distance but in a short time I lost everything.
So my advice is very simple - give up leverage and trade only with your own money.

This is really a good advice some of us may be forget on getting profit and we will realized it late soon once we have a negative balance on our investment. It's not  a problem to wait for it to increase more but our goal was to make profit and we should not forget that.

If you aren't emotional you gotta be greedy and if you aren't greedy you gotta be emotional, we are all humans and all these are part of us and will always be a part of us, instead if getting rid of greed and emotional we should learn how to control our emotional feelings and greed, let's stop lying to ourselves, no one can get rid of emotional and greed

The suggestions here are as valuable as gold for newbies. We have seen bull markets before, but we witnessed declines right after. During this period, we must make the right investments and exchanges because we don't always have such luck.

Greed can help you and it can also ruin you, only a dead body can be 100% free of greed and emotions, if you are still living like myself greed and emotions will always kick in, that's a sign that you are still alive and breathing, all I can say is too much of everything is always bad

Come on people, confess, who got emotional and greedy this morning and sold all or part of Bitcoins when the price came closer to 33,000 USD?

I was that person and had sold some Bitcoins worth about 200 USD. I could have sold more, but thank God all other Bitcoins were on other wallet and I had sold only what I had on exchange. Being sleepy and lazy saved me from loosing funds.

I think you don't called that greedy, the exact word to describe it is getting panic, you'll be called greedy when bitcoin reach its ATH and you still didn't sold, but we can only conclude that if bitcoin eventually dump and it will not bounce back for awhile and you regret your action.

Life of the average crypto trader: always scared to take profit but always ready to bring losses home. People were buying more on the way up while now the majority is ready to sell on the way down. Completely irrational but this is how the market moves and if you don't want to get caught in this stupid game, always DYOR and sets your rational (not emotional targets).

Normally, the bullish momentum ought to happen follow by correction to strengthen the market but for the market bullish to last longer than anticipated I believe the correction will clench for some days or else will experience a worse situations when it time for massive correction.

I am very curious to see whether there could be some altcoin small bull run or not: there are a few chances that if the bitcoin price stabilizes, then the altcoins have some space to grow.
I abandoned altcoins long ago but I saw this pattern every time.

Ok,ok, it was a panic sell, but it turns out that I'm a greedy person to. Since 2020 spring I planned to sell my holdings when the price reaches $10k. Seeing how it easily passed $11k boarder I have decided to wait. Then my goal was to jump up when the price would pass $15k. I thought it was a nice moment to fix earning in fiat. Long story short, I've hold my bitcoins when we passed previous ATH, hold when we passed $41k. But had panicked yesterday and placed an order on Binance.   

yes, I really agree with you, keep using common sense in investing, indeed the soaring price of bitcoin is getting more enthusiastic about returning to old players who were frustrated in the past 2 years, now in starting new things, we must be ready to control emotions and be careful in seeing new opportunities.  I am very excited to see the passion of the market as it is now, I hope we can all be successful with cryptocurrencies.

Yeah, i will try to do this because i have some price targets in mind but the hard part is we cannot really predict the peak precisely, im hopeful that bull season will last for whole 2021 so the peak prices levels are still way ahead and we as investors should stay calm and keep holding.

When you are having a good profit but you are still holding your coins or tokens for having more, it is called greed. As a result sooner or later the price drops and you end up losing what you have. It happens actually and it is really understandable, but you really need to control your greed and use your brain to become successful. If you really can't control your greed, you can sell half of your investment and keep the rest if you think it will give you more profit. By doing this you wouldn't lose all of your coins or tokens.

I've cashed out a percentage of my holdings of AVAX,LINK and DOT today as all 3 of them were between 3 or 4 times the price I bought them at.

I'm hoping to buy back at a lower price but if not I'm happy with making a decent profit :)

avoid greed so that we can get what we hope in cryptocurrency trading, there must be profit or loss, we just want to take risks to get profit or even the losses that get many people to think that investing in crypto is very easy even though it is very difficult to have high patience to sell it at the right price.

Greed at times is important for the game, here and there is smarter to take as much time as is needed and stand by till the best time prior to selling than hurrying to dump every time, controlling emotions ain't in every case simple particularly when is money related issues.

Will you share with us the strategy you are using to do that? I always thought market chasing is not a good thing and most professional traders recommend booking profit without just watching it. Also, I do not know a good way to do what you are telling me here. I think only greedy people chase the market and end up being on the losing side.

I think its better to counsel if the crypto are for in any event have a drawn out arrangement like elrond so we can't choose right away on the off chance that we need to sell. Since they have a drawn out arrangement and its appear to be so earnest to their objective. The better route is to dissect the project or survey cautiously to remain on the project what we needed for long haul, Not to pump and dump practices and take project toward the end.

Greed in the good ways provide much higher benefits but it's hard to control this emotions as most of the time it leads to losing your opportunities to make good money inside this market, you need to have a lots of experienced in order to control and make it favorable to your decisions.


Maximizing your rewards is really important, it takes time and big patience to analyze and understand every open opportunities that the project you are supporting can provide to your investment, You'll be able to catch it up if you are well aware in any updates and developments of your assets.