Bitcoin Forum

Some people refuse to take profits when their coins and tokens are surging so high.
Because greed let people keep on waiting for higher and higher value for there coins and end up selling at dip.
Since price can’t go up all the time.

Some coins you insist on holding may have unexpected gains. Not all coins are going to death. Greed may make you poor, but not all greedy people will become poor. People in the world are greedy, so you still have to stick to your heart.

Your use of "Must" in the title topic – The greedy must be poor–, makes it sound like you actually know how it will end, and that's regrettably not true. You think those who bought Bitcoin in 2010 and sold off when it touch $10 will agree with you on that or those who bought in Dec 2020 and sold before May 2021? Definitely, not. Crypto is a highly unpredictable business. It's like biscuits and can break whichever way it pleases. I have been a victim of hodling and the token went to zero. An example is with MB8. I don't know whether to say MB8 scammed or not. The truth is that all the promises from the MB8 team proved to be lies and the project is nothing now to write home about. At a point I had >$3,000 worth which are worth nothing today. It sucks, really. I have also been a beneficiary of hodling certain tokens that gave me great gains. So, it's either way. There's no certitude that one will become poor if one doesn't dispose a coin once it makes profit. It could also make more profit too.

Thats normal. Some people always really will wanted to sell at a very high price, and yes thats really something greed is involved. If you bought a token with such price, then suddenly it soars high, then its good time to sell it isnt it. But the urge of the holder to sell it at a higher price will always be high as fuck which sometime end up on being not gaining at all end what worse is losses more.

I've been there and done that but I've learned that in the long run that we shouldn't be greedy when we're on this highly volatile market. If you want to take profits be sure that you'll also save up so that you can still reenter at a good price. Always remember that when it reaches the peak, it won't stay there for long and I've seen that for so many times and that's why there were moments just a few months ago that I've told with the top that I think but later on it kept on pumping but, that's still fine for me because I sold still at profit.

I bought Bitcoins when it's price is at 4 digits and until now, I'm still holding it. Can I say that I'm greedy now then because I refused to take profits??

Holding coins for a long time doesn't mean that you are greedy. There are another reason with it. One might be that it isn't the perfect time for them to sell. Another is that they have a plan and a target time for selling it and whatever happens, they will sell at that date.

This is subjective TBH because not all people who are holding for a long time are greedy but you can apply it to the people who just bought coins just because they want profits. Now that you said that the greedy must be poor so those who are holding coins right now are poor because they are greedy like you said in your post??

I wanted to reply the poster directly to tell him/her not to assume that everyone who do not sell are greedy. There are holders with the right intentions, for example, holders who prefer to hold longterm and support the network. Besides, if everyone is selling at thesame time as the Op, he/she will likely not like the result on price.   The intention is what matter though. I guess his post is directed at those with wrong intentions, but they shouldn't be wished that kind of poverty with a "must". .

It happens and was not easy to control. When a price surge is happening you cannot take your eyes of it. You are just mesmerize of the profits you might take if you wait for more not considering it could fall down. Only those experienced trader would go for a quick sell and maybe the rookies who takes profits as early as they could. They call it the "beginners luck".
Greed doesn't mean you are poor, it may also be a chance to stretch your gains if you know what you are doing.

but do you also know that Some greed people are the one who become millionaires in this market?

Because of their capacity to wait and hold they are the one who succeed in their investment as i have a friend that has this attitude , Indeed that he had lose many time because of being greed but one time of getting the desired outcome? now He is already a Millionaire in real life and now stops trading and focus in His real life businesses .

That's part of human nature, ever since human evolved, we always been greedy, specially when we deal about money.


You can't blame them, as I have said, people wanted more ever since. So they wait for the time to sell until it's too late. So that will be a big lessons to learn for them and a very expensive one. Also, it's hard to time the market, so we don't know when is the right time to sell.

Well, there are really those who has the discipline not to sell their assets when the price goes high. They have a certain goal that they have in mind and they stick to that goal. Even if Bitcoin and the other cryptocurrencies goes down they won't budge and they will not be affected. Simply because they know the game already and they know how to react with certain ups and downs of the crypto market. That discipline is really not for everybody and not everybody can develop that discipline.

I'm many times greedy myself and I don't think I fit in the "poor" category but rather in the middle class or so. Also, if you follow big traders (even stock traders) you'd see that many of them billionaires still have at least a little greed and that's how they make money. Assuming everyone who's greedy is implicitly poor is wrong.

It may true but I should remind you that the history has proven that the diamond hands will always become the winner. It doesn't matter how volatile the coin is as long as you're holding legit coin and that's worth to be used as long term hodl.
I do agree with your statement but it's not always happening in our reality. So many early investors of big platforms like chainlink, ADA have become the new millionaires caused by they were doing diamong hand for their investment.
Taking profit was a very good idea when the price of our assets were increasing a lot but sometime it can be a disaster once it will increase even higher. If you're holding legit tokens and you must not feel worry when you're loosing the chance to sell your coin at high price. The greedy will not always be poor. I think your statement was not true at all.

I've known this a long time ago but I also become a victim of greed, I was thinking back then the price can go up further until it was too late, now I'm still waiting for the next round of pumps, we should make a profit when there is a pump it's ok to sell a small portion and buy back when there is a dip than feel depressed in losing your opportunity to sell and make a big profit, it's ok to HODL but when there is an opportunity to make a profit go for it.

That is regretful. If some person wait for longtime to hodl some coin for bigger gains, they should make themselves stronger until the target is reached and not to get into panic when the drop start. It is painful for me if I do that. It is experience that can give direction. Some coins are good project but because there may be fud around it, it can temporarily drop,it is better to research on why it is dropping before the decision to dump.

That's the first thing one should have on their mind while starting to trade. In fact its not just about trading but also any kind of investment you do.

Peeps do get greedy in the gambling as well. I have seen greedy peeps who lost money on gambling sitewide and then posted their sad stories on the forum. That is the enough and living proof for us that what we should not be doing in reality.

Greed is an emotion that can be controlled with great efforts. When it comes to money, everyone want it more and more. So yeah, if you are into greed then you gonna make yourself poor as fast as water moving out of your palm.

I agree with you because Sometimes market conditions can swing in your side so you win most of the trades. Don't be greedy to think it's time to make a lot of money and use all the capital for the next cryptocurrency trading. Cryptocurrency market is the most dynamic market in the world that can change every second. When on a long losing streak, take a break and find out what caused the loss. Also, consider revising the trade amount to prevent running out of the entire portfolio on a losing streak.

well it's all part of our experienced so we must lesson learn to avoid such problems again and in order to have a good journey in crypto space .. And perhaps only beginners suffer such situations nowadays, wherein we can say it's because of greediness if you've been here in crypto but still facing the same problem, because it's totally awkward. Lol just imagine despite you don't have any risk management everytime you enter trading or making investment. if i were on that situation I'll quit immediately. :D

The simplest strategy is to sell 50% of the purchased coins when the price doubles.
The rest of the coins will become free for you. Then you can hodl the coin until the price grows 10-100 times, if the project is worthy.
Even if the price does not rise, the investor will not suffer a loss.
But statistics say that a lot of investors sell coins when the price of the coin rises by about 10 times.

that may apply to novice traders usually they don't have a target to achieve at first so let the market carry their emotions, for those who have been trading for a long time they set their targets, so they won't sell when the market goes up/down drastically because they have already determined when it will sell.

If everyone is honest I think everyone has experienced what the OP wrote and but that incident will be a valuable lesson for all and make them more acquainted and mastered how the market moves.
because discipline, goals and targets will determine the results of what we do with high consistency, take all events as valuable lessons and also learn everything well so that we become successful and responsible investors and traders.

I hold the coin for a long time does not mean we are greedy. Because I have consistently own principles in this matter and I also have a certain target for making decisions, and before my target is achieved I will not make that decision so that people think I am stupid or stupid. greedy because they see I don't want to take the advantages that already exist, EVEN THAT'S NOT THESE, and also I'm sure with my decision I won't be poor because of my patience.

I am also one of those notorious holder and i often regret that i have not sold my coins earlier but i also have a reason why i want to hold my coins for at least 1 year. When i have them in my wallet for 1 year then the potential profits are tax free if i sell them before the 1 year time frame then i have to pay 25% taxes on the profits and i just want to do that. Of course this decision has cost me some significant profits because back in the beginning of may my portfolio had more than 5 time the value than it has now and if i had sold back them my profit would have been a multitude higher even with taxes, but i don't care.  :P

Greed does not necessarily lead to poverty.  Greed goes within human nature.  I think it's the "spice" that creates opposing emotions.  Sure there will be times when you take profits but 10 days later the price of that coin is x2.  Things can happen faster or shorter.  Taking profit is not a good state of the investment plan for me.  Who can deny that he is not greedy for profit?
Hold your bitcoins and allow greed to go further than you think.

sometimes someone tries to hold their asset to get a higher price. imagine, when they managed to hold back the price increase that occurred in 2019 until this year, chances are they managed to get those profits because they kept holding on. however, we cannot judge someone when they are still holding the coin when the price is high. many things make people hold their assets, and we don't know why. maybe some people lose the moment to sell at a high price, but some people also regret selling at that price because there is still a bigger moment. what I want to say is, everyone has their own goals in investment matters.

well, we are talking in terms of investing in good things, like investing in popular coins. however, being greedy for other things like gambling, or anything else, is not good.

Maybe you are just being very judgmental over here? They probably don't sell because they haven't reached their profit goals. In this case, they are not being greedy. They are just being determined about their goals. Only those with paper hands are then ones that end up selling during a dip. We can't blame them too. They probably are new and sold because they are unaware about how the market works. In other words, they panicked. I am sure most of the people hold their coins during a dip. If everyone sold, we would be seeing a massive crash when the price starts to dip. That usually doesn't happen.

Yes, the greediness will come to them when they see the highest price but do not sell it right away. It is normal to see that because that can also happen to us and we still keep it for the next highest price but the next thing is we do not know if the price can still increase. We can sell for some percentage at the highest price to get our investment money back while waiting for the next highest price to sell the coin.

The Cryptocurrency market is unpredictable and filled with surprises.  It may be easy to castigate those who believe they can earn more money on their already pumped coin,  but we know the higher price of coin doesn't mean it can go higher still.  I think any investment that has gone 200% is a very successful one at that and one should be able to take profit!

Well said. Greed and fear are two important emotion those work in any kind of trading. Booking profit is a good habit and trader should never quit this habit. We should not keep waiting to see higher and higher instead when you have reasonable profit sell your coins and enjoy profit. If you are long term then strategy should be different. Long term investors have a certain target price in their mind which is many fold higher than their buying price, they have capacity to hold their assets untila target price is reached.

I think it's natural and normal for someone who doesn't sell it even though the Coin held reaches a high price, maybe he knows more about the future information of the coin he holds. therefore when someone holds a Coin it is very important to do some research and read the roadmap or be able to follow their community on social media. there we will find out the development of the coin it holds.

Yes, and this is very prone to happen when the euphoria peaks with various reasons. One of the simplest and rarely taken into account is the taker and maker fees for each transaction. This also has an effect and impact, although it is very small, it is very pronounced in trading especially when buying and selling is below the purchase price, moreover, corrections can occur at any time

It is a choice when you invest, because crypto has a fluctuating price, so someone will determine the selling price according to their wishes.
Like Doge, no one knows the price will go up to ath $0.6 and because some new investors believe the price will go up to $1 so they buy it and hold it for now, this is going naturally and I don't think it's greedy because they have a target long term investment by buying coins with good market cap

Everyone is greedy IMO, we will never be satisfied, we always seek more money and we don't stop chasing the opportunities to make more.

However, there are people who are greedy and stupid at the same time, they are most likely the losers in this game, so greediness should not be the cause, it's the lack of strategy and ignorance of the crypto market, that is the culprit.

It is a known thing among especially experienced investors. Greed can make people really stupid moves. And these moves might not end very well for the investors. One can lose their everything they invested into the coin depending on the quality of the project. I don't recommend people to invest nearly all of their savings even into Bitcoin. Because there isn't and won't be any guarantee in this market to make a decent profit.

Or they think they simply know better and overestimated their calculations, hence why they don't take profits early and believe that they can still do better than what they currently can. I was guilty of this, and I have been forced to hold bags a number of times already because I refused to believe that the coins that I'm holding wouldn't meet my expectations and the predictions of other experienced traders which I follow. I simply just held until I get the money that I invested and get out of the market and never look back. Good thing I do have the patience to wait until I breakeven, but some people just can't, and will always be forced to sell at a loss.

Most people in the field of encryption are too greedy to lead to the final loss. It is easy to stop loss because human fear has its limit, but it is difficult to stop profit because greed has no end.

Deciding for not selling it when the price is high and planning to hold it longer is not always agreedy mindset, there are a lot of rich people who got rich by holding their investment assets for a long time like 20 years so they will make a high return.
So for long time investors it is usual as long as they don't buy a "trash" coins / tokens. I'm sure people who planned to hold a coin for a long time knows the coin that they hold are worth much in the future

It's part of growing in the crypto industry and it doesn't mean to be a weakness unless you embrace the greed.
The fact is, it's bound to happen. Emotions like greed are part of being an investor or a trader. You want more profit. Who doesn't?
I think it will just be hypocrites who will tell stories that they haven't been greedy in their time.
It also doesn't mean you will end up poor. You can always change the strategy once you learn it.

Everyone certainly wants to sell their assets at a high price, with the aim of getting the biggest profit they can make, it is natural but if they are too greedy in expecting profit, it can be a boomerang for themselves. Many of us when buying a coin at a low price and suddenly there is a spike, of course we should have made a profit if we sold it, but unfortunately the desire to get a bigger profit makes us delay selling it and not a few end up getting only a little profit because the prices are back down.

Very normal, Humans always want to get a lot of income from every effort they make, it is called "LUST". Greed occurs when lust has taken over a person mind which makes it difficult for that person to think perfectly, so that the profits that have been owned just disappear because it is difficult to control emotions due to a strong impulse from Lust. A greedy trader is always in the wrong position, because it does not specify a stop loss when the profit is in hand, after that will regret it when the price has started to fall because it does not sell when the price is still high.

Yes, your opinion is absolutely correct, at this time I still keep tokens that used to be very high in price, but I didn't sell them because I was waiting for the price to rise again. impossible so I better forget about it and look for a new token

We didn't fault anyone; as I already stated, individuals have been clamoring for further since its. As a result, many wait till it was too late to return.
As a result, they will have a significant and costly knowledge improvement. But however don't understand is when appropriate time to sell is because it is so difficult to gauge the marketplace.

I don't believe that greed is the problem. Didn't Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and Greedy when others are fearful.” So at a point in your Investment life, you have to be greedy to be able to make good of your investments but the problem for me in this regard is Investors lacking an understanding of the market. So, when you understand when to be Greedy and enter the market hard and also when to pull out, you wouldn't have any problem but when you lack the necessary knowledge of the market, then it comes off as Greed but it is actually the lack of market knowledge.  

Perhaps you are right, it is good to take profit when you see a raise in price but some other times even if you didn't take profit as at when you see a price high don't mean you are doom,
Take btc for instance,  those who took profit at 20k must be feeling sad when btc smash above 20k and kept moving, taking profit is good, but if you have a potential coin, even if you don't take profit then you can always do so when the price goes even higher.

These could be for personal reasons, like the fear of missing out on a possible gains. But some investors aren't cashing out because they know that another bull run is coming. The last two big Bitcoin bull runs happened when there was a lot of hype around the potential of the coin. Everyone was talking about how Bitcoin was going to be the next big thing and investors were taking profits at the peak and getting out as the hype dissipated. But now there is no hype about bitcoin or any other cryptocurrency and the market has calmed down a bit. Anything can lead to a new hype, maybe a Bitcoin ETF, maybe a new country will declare it a legal tender... nobody knows.

But unfortunately, they can not expect to make more profit if the market is not moving as predicted. We faced many times the market can change the directions after reaching some point and the price turns to the lower price without we realize. If you can not handle your greediness, you will not make a profit instead only lose your money but if you can stay calm in the downtrend, you can see your investment will grow in the future. Only traders who can have patience and not rush can profit because they will see the time to buy or sell the coin and analyze it before they do something.

Greedy people should always be ready to lose even their capital in a coin. Greed makes people take unreasonable actions. Nobody should act with greed. I think that people should have price goals for themselves if they are having problems on controlling themselves. This is a highly volatile market. If investors don't act smart, then they will most probably lose too much money.

When coins and tokens spike at the previous price, we don't sell them, then that's the wrong pattern of investing, this is much worse than the greed that exists in someone, investment is basically looking for maximum profit, but when the price of tokens and coins goes up we not taking advantage of it is a big mistake, this condition needs to be changed and is not worth maintaining, if we want our investment to be successful and profitable in the future.

Associating greed with being poor is actually a common misconception. I tend to believe that greed is something that can be displayed in people regardless of their social status, but I see that there is also research, suggesting that people with higher social status tend to display greed more often (or, at least, tend to be favorable toward greed). Here's a quote from a very highly cited article on the matter (https://www.pnas.org/content/109/11/4086):
As for the issue of not selling when the price is high, I think it can be contributed to different factors and circumstances matter in these cases. If someone has a sell target, and it wasn't reached yet, hodling through the rising and falling prices is reasonable. If a person intended to sell at, say, $40k, but now that the price is there decided that that isn't enough, it's a different story.

Until now, I still respect the saying "Taking profit is never wrong". This statement is even more true when we are in a volatile market like crypto.
On the other hand, this saying will be wrong when applied to Bitcoin because many people have bought it for a long time at a low price and made a very good profit.
Taking profit depends on the trading objective of the trader.

Different people are in different financial conditions and have different, their own investment strategies. Therefore, I would not call it greed that a person does not immediately sell his increased asset just because he showed double profitability. Everyone can have their own investment period.

this often happens to a beginner who wants to get a bigger profit, thus making them wait too long and when the token or coin they are waiting for drops from the market price they usually sell it out of panic or sometimes because of a sudden need for living expenses. but when someone is an expert then they will wait how far the altcoin will come back and of course seen from the potential of the altcoin whether it will be long-term or short-term to be used as an investment.

In my opinion it's not greed, but the person has a commitment so that he hasn't let go before the target is achieved, and behind the patience of that commitment there is a very big and extraordinary success. Only experienced investors do it in such a way that he doesn't care with what other people say behind him, want to say greedy or stupid for him but he doesn't care about such talk

You have a point, greed is the number one factor that can affect our decisions. It can really make us loss and the worst when we become poor because of our greed. But I think most of us know about how greed ruin our life as an investors or traders so most of us wanted to have a solution.That is why most of the investors invest in different coin and if they loss because of the coin that they've invested today they can still earn on other coin tomorrow. Never put an egg in one basket there are always a right time to be greedy and their are also a right time of giving up on the coin that you are holding. Losing is normal we don't know what will happen to the market in the next day we are on crypto currency market that is high on volatility so it is really hard to predict or earn, we are not here to have a millions of dollars for just one night, we also need to learn how crypto market works and how to control our emotions in different market situation.

Wrong term instead "Greedy Must be the Loser" , you cannot tell they are poor because sometimes market even favored them.
what is loser is that they don't win mostly but they keep risking seeking for "One time Big time" opportunity .

exactly , because like me i keep on holding because i trust the coin will go up more int he future.

and also what can we call the Early adopter of Bitcoin? are they greedy for trusting this will reached this top? and are they Poor now? rethink lol.

I don't agree on this because there are two types of people in crypto, short term and long term holder. Having a mindset of long term is not being greedy because being a strong hands is a good way of making good profit in a long haul and especially good project is at stake. Sometime paper hands got rekt always and I had some experiences that I sold really early and now the price thousand times now. That's why If you have faith on the project you got to hold until it reached your selling price.

This is always the case but some people are buying near the peak then wait for long time which is the common reason why many small traders left out on a startup coin. The usual price pattern of startup coin was pump during the first week or a month for some case then dump hard for a long period time.

The case that being discussed by OP is not greediness but lack of knowledge on trading. Due to FOMO, people don't have any idea when to get out and that's the reason why they are always being left out on trading.

This is not greed but not following the investment plan that has been made, so investors will get carried away when the market price is at its peak or the portfolio has reached an all time high, they continue to hope to achieve even higher returns, although in the end they have to leave the market with loss because they can't hold the coins any longer.

Anyone is greedy. The rich and the poor both have to be greedy.
My strategy is:
Sell ​​50% of the purchased coins when the price doubles.
The rest is divided into 2 next parts: 50% is that you can sell coins when the price increases 10-100 times, 50% is that you can sell coins when the price increases 100-200 times.
Even if the price does not rise, investors do not suffer losses.
The cryptocurrency market is unpredictable and full of surprises. This is the most interesting position. It means that you are rich when you are greedy or poor when you are greedy.

When some profit is achieved, investors often tend to want to make profits faster and easier. The but too greedy will cause investors to make unfortunate mistakes like gold buying at high prices and not selling when the market falls deeply...

Therefore, to achieve solid benefits when investing, investors need to prepare the necessary knowledge and skills, especially calculating tools to test themselves before approaching the market.

In my opinion, greed is the worst trait of all. Loosing money in crypto because of that is nothing compared to what was done to our world because of selfish desire of a small group of people. If there would be a way to cure this trait, world would be totally different.

I do not feel greedy nor poor. However, I have seen many poor people and been one back in the day and I have to say rich people are 100000x more greedy than poor people. If you ask a person who is starving and very poor and homeless, how much money they want, their vision would only allow them to reach to a level where they will never be that poor again, it could be a million dollars or two but it won't be one billion dollars, even at that it is one billion dollars max. What about Jeff Bezos? Elon Musk? bill gates? Warren Buffet? many more like that?

Those people are making money hand over fist and still paying people under livable wages, breaking unions, and trying to shred all the benefits they are giving just so the company could make a few billion dollars more. This is why wealthy people are greedier than anyone else in the entire world, that is how they got so rich.

lack of ideas that mostly lead more traders to lose, without doing your own research the chance that you will riding with the hypes is always there, you need to observe and perform deeper research and studies, never to deal with your trades without good understanding, common mistake that keeps traders lose their money inside this trading business.

with the right understanding, it's easy to keep your holding and wait for your target selling price, but if you don't have that knowledge just a quick downfall will lead you to sell out of panic and lose your money.

Indeed, I don't actually side with anyone who greeds, cause I believe that greed can only leads you to certain uncertainties and is an act that negates the very meaning of planning. but either way, not all the people who became "greed" by the context is poor or must be poor, its just a metter of experience and those experience will lead them to their betterment.

It is good to see the how long can it reach before you sell it out, regret is one of the things I don't specifically like happening and selling when it goes higher is more compelling than one thinks.

It is a straight path to loss when you can't cope with your emotions and you fall back on them. You had better make up your strategy and follow it. When you invest in something risky and new but popular it is likely to increase very rapidly, so you should manage to fix your profit before it falls. One good strategy is to sell a half of your tokens when they increase by two times.

Not all greedy would become poor because being aggressive towards pumps doesnt always mean that you would lose up money because there are instances on which you could make more profits if you do have set out a particular goal or take profit on a certain price point.

Having those take profit prices doesnt always mean that you are greedy even though it is most likely be consider to be one but its not always mean that you should become poor with this kind of behavior.

There are people who do just love on risking out for more profits but majority does really mind off on how to take profits directly.

If you know about any specific token or coin future and believe there project than why you sell your coin?

Well because they're long-term holders. I won't exit it all when the coin I had invested aren't even getting adopted around here. It's too "early" to sell for me as as a long-term holder.  This might be in Altcoin Discussion, but for the record, I am holding, of course, Bitcoin.

"Price can't go up all the time". Yes, right but same goes that price can't be down all the time as well.
I sell partially though, but it isn't that all-out sell. Technically I sold, but what I invested are all still there. :)

Some coins are really better for day trading but otherways major promising coins always great holding for long time, yes holding for day traders not a good choice always, market analysing also a nice way for trading.

Each of us has the right to judge, whether not taking profit when the coin price rises before our eyes is greed or will we fall into poverty,?  But I have a different view from you, by delaying not taking profits during the increase, they actually have a plan and see that there will be an even more fantastic price spike in the future, now that's where they will sell all the coin assets they have to achieve the target. they mean.

Greed will never make us contented because it actually drives us away from it. But being human has a part of it as being greedy. So there's no way we can avoid it but maybe trying to control it.

There is a wrong misconception on being greedy must be poor. Traders usually set their goal price when to sell, but if they refuse to sell their coins even when the price has been reached because there is more higher profits waiting ahead, that's already a manifestation of being greedy. And most of the time, they only end up selling at a low price because the market won't actually stays always on top, it will suddenly fall sometime. That's when greedy must be poor. However, if a greedy person has also set his plans not to sell because he has prepared a special strategy on it, then he will most likely not end up losing. Instead, it will make him gain more profits more than from what he is expecting if he sell his coin right at that time.

Everything doesn't depend on the ‘believe’ word. Almost every tokens come with a good plan and tries to gain user trust. As a result the price starts surging but most of those tokens fail to survive in crypto market. And user loss their money on those. Everyone has their believe in bitcon. They knows that it will be profitable to hold bitcoin for long term. But many of them frequently do buy & sell to maximize their profits.

Similar type of question to you, You got the hints that crypto market going to have a small/bigger price correction soon. Will you hold your coins for the believe or you will sell your crypto to buy back in lower price?

I totally agree with you. I myself have suffered huge financial losses for not making the right decisions at the right time. Honestly, whenever the price of a token or coin goes up, I also think that the price will go more. But in reality, it does not happen like that. So everyone should have the mentality to sell at a certain profit without being too greedy.

This statement is a two edged sword in my opinion.
The greedy may be considered to be the buys that are high risk takers and would want to go all the way. If someone bought crypto like bitcoin at 5 dollars and when price rose to $5000 they did not sale we label them greedy because they didn't take their profits but holding for over 10 years and price is at $48000 would be a better reward for not taking his or her profits early. I guess the greedy would be laughing all the way to the bank after this.

Sometimes your greed will lead you to more success as you become more risk-taker, but most of the time it will lead to disaster. Greediness is just part of us already, we are human and we would also seek our ultimate happiness which is money, and that is our main goal on why we are still investing.

It's just necessary to be educated, as greedy rich people are successful than poor greedy people.

No matter you are greedy or feeling fear to take risky investment decisions, it is all about emotions that control us. Greed is different than HODL, some traders can't understand the potential of the project they invest. It is always good to check the project potential before selling or adding more capital.

Greed is bad for losers, I agree it can be more profitable for winners to keep increasing bet size. Using take-profit orders will guarantee the profit and traders don't need to check the market price every day for closing their previous trade positions. It is up to traders to use Trail stop for liquidating at least half of the profits at the right price point.

There are many ways to do it and seeking the greatest profit is an achievement. They do that because they believe in investing in crypto for the future. We can't say it's greedy, their goals and ours are different, their analysis and views are different, even their belief will pay off.

They are not holders but they are panic sellers. Impatient people never succeed and never have the chance to reach their goal but instead, they just kill themselves slowly.

I know a lot of people wanted to become rich but unfortunately, they ended up at a loss as they don't understand the market volatility. Once they saw declines, they always think negatively and started to sell their coins. This has been really happening in the market and if they'd never change, this will always happen to them.

You see, what makes crypto fascinating is greed, and greed is what causes the price to skyrocket when everyone tries to profit from it. Most people will not take profit not because they are greedy, but because they see potential future growth, and the greedy ones will attempt to outsmart the market until they buy at the top, and before you know it, the market will trick them and they will start wailing that crypto is a scam.
Looking back four years, I believe most of individuals who purchased coins/tokens and are still holding them will have made a significant profit by now.

No they are not because the greedy are those who don’t know what to do at all, they didn’t sell because they don’t know when to take profit because even if you’re poor and greedy as long as you are doing it the right way, that’s still be good.

This has been a great market during the pandemic where people are aiming to look for other options to earn money online, most of them are being greedy and forger about the fundamental process and the result is very bas for them, the great lesson here is to keep on learning don’t limit yourself into limited informations, its not that hard to learn.

Profit must be fixed before you make your investment, which must be bearable for a long time. Short paths and time are always risky without us being there all the time. Suppose someone spending all his time in the cryptocurrency, he should know and can choose a short time investment. I know we must control our greed, but I think we should focus on a good point. Our more demand is always helping us to increase our greed. We can't call it greed, it's our given time.

If greed can be conquered many altcoin holders  would have made it big in crypto. I stick to my profit target and sometimes I even withdraw once I see it's equivalent. This excercise requires lots of dicipline over greed. Altcoins is best invested in during it's early phase and once it's surging high it's wise to take profits then decide if you would still want to reinvest or look for an alternative either a different coin entirely

The greedy must be poor :-

Growing profits became more greedy and more money get invested raising prices to excessive levels and greedy mind makes wrong decisions which will give you into a loss . Greed is an ego which can destructive emotions. Greed is also adiction an addiction in the same way. It is a selfish desire for something. Greed is a emotion which makes you into loss.

Greed makes many traders poor despite having a good profit at some point but the greed for more profit never ends and ends up in loss. After the dump, we can not expect the same coins to pump again So greed should always be in limit unnecessary greed cause only loss so we must learn to control the greed.

It's a matter of choice, some people understands that crypto market is highly volatile but they prefer to old for long term and to say the truth many end up achieving their dreams this way, HODL isn't Greed, BTC price in 2017 ain't the same today that's why HODL is a good long term strategy

On one hand it is very good to take profits, it is excellent for who always book their profit but on another side is that, This is cryptocurrency marketplace where not all world know about that so marketcap will definitely going to be higherside so if you don't hold or so called greedy then you can not make big money. That's all greedy is pass or fail game in crypto.

Its depend on the project and we need to overview, more of the project just wants to sell off their altcoin in the crypto market and this kind of altcoin should be sold if you get profit and some projects may real and their altcoin may be more pump when they launching their products or improving the project so this kind of altcoin should behold. I suggest should be sold when any altcoin pumps and don't wait for sell in the dip.

asset holders have different characters, there are those who sell them when the price soars and there are also those who keep them until the price returns low, I think people who hold coins for a long time are those who have done analysis and research on the assets they hold, at least they already know and understand the roadmap of a token they hold. I think everyone who holds assets for a long time has their own goals.

But for those who have held for a long time and passed the highest price by ignoring it are very greedy people, because the goal of everyone who holds a certain token or coin is to want to increase the number of their assets to be more so that there is no need for greed in it.

Greed you said, their are greedy people out their thou but most of them are just risky investor who use risk taking to foot bills become millionaire's. Those who are their just to be greedy like one who is waiting for E0X to hit 100$ per one will wait for a decay, the option of them becoming poor is base on which token they invested in.

It is nature. You can't blame them since they hope, maybe because of the thought that it could be just like bitcoin that went up even it went dip every time. I believe it is good to be hodling the coin if you beleive it is for a long term investment, otherwise, short-term trades must be analyze well since you could lose the value of your asset in a very short period of time, specially if you're investing on a shitcoin.

Some people waste their money because of their greedy attitude and some waste the money because of panic sale. The winners will be the moderate people. If you do an extensive research about the altcoin you are buying, you would know exactly when to buy and at what point during their progress you can sell the coin. Everything was on sale over the past few days. I just took the opportunity to simultaneously purchase more of my favorite altcoins. My holdings include ETH, ADA, LTC, BNB, XRP, and Stakenet XSN. I'm pretty sure once the market candle turns entirely green again, the return of profits is going to be massive.

I must disagree with you saying that all people who hold up are generally greedy, They must have other reasons such as keeping the network alive, or generally they have a target in mind. It takes great discipline and research for them to hold up that long. It's not bad to aim for higher profits in the future and if they are failing at it it will just be another lesson learn for them to use in the future investing so I can say greed is not bad at all if it benefits you in the future

We also need to consider those who have strong trust with the team that they are supporting. They didn't sell when heavy pumped happen believing that there are more to come.

Investors who treat this investment as long term and really aiming for much higher compensation, it's true that the cycle is always present, and those who made it in the right timing are gainers. But those who choose to maximize their profits collect much better paycheck from this market.

It's a matter of good understanding with assets that you are holding. You always have the control over the fate you are taking.

Poor are ready to take even a small profit. They usually are not greedy. I would say, those who have enough and are not depend on the return out of what they have invested in, will hold for long term to see a reasonable profit. Its not that they are greedy but they are confident on the coin they have invested in. They are much confident on crypto market and its growth. They have seen it from the time Bitcoin came into the market. As long a crypto coin is held, the value is going to be double and the profit is going to double.

Valuation will not be going higher all the time but anyone who invested wants to get the best profit possible and they do not want to miss out on the profit they could earn and so does many would end up loosing if they invested in a hyped up coin without any fundamentals. So if you are investing in something make sure you learn about the project and their development.

I believe OP is talking about people who do trading and maybe that is true to some extent.There are other people which are not poor but they have mined the coins and ROI-ed their investment/equipment back and now are only mining on profits.It is only natural for these persons to hold for as long as possible meanwhile collecting more coins by mining them everyday.I am one of these I mine now Ethereum+Zilliqa and I have already ROI-ed my equipment so I keep mining and hoping for a much better price than the actual ones of the cryptos.

Just let them be because its their money to risk on and not yours.We  cant really just avoid on some circumstances that we do really being dragged of with our greed because
its just normal for us to aim for more profits because this had been our main aim on why we do really jump into this market but somehow not all things that we do want
do really end up on what we did anticipated.It is a do or die kind of situation because if we are somewhat that lucky then those decisions would turn out to be good
and just right.

I think we should be happy a little bit.  If we are more greedy, we will get nothing

Greedy must be poor because greedy can put your money into loss. Because your plans are in a greedy mind. Greedy is an emotion. Greedy plans lack the willpower of knowledge. Greedy people think to become quick rich. They don't have a good strategy.

You are right that some people cannot accept profits due to greed even if they get a chance. I don't know how much their coin price will increase and they will be satisfied. We must accept profits whether small or large. Because maybe the opportunity will come for you only once.

I think waiting for tokens/coins to go up is not greed but HODL. Because those who wait for better results are still normal actions even though the results are even worse. In Cryptocurrency, Greedy  in my opinion are those who break/Steal into wallets person or a project which ends up being a Scam person.

Yes,It's true. Greedy people always lost their money.Greedy people plans are always in greedy mind.I think they can't control Their emotion and i think they dont have strange strategy. When you start holding then you need to patience. Cz Patience is key for trading or holding. Remember that greedy people fails plan in crypto.

Greed very often leaves people with nothing. Sometimes, even if a person follows his plan to the utmost and knows when to fix it, he often pays for it if he changes his mind and does not fix a profit.
It is always necessary to take away the body of the investment and leave the profit for further growth.

Taking profits is a very important part of investing and trading but most newbies just hold blindly and refuse to take profits and that is why a lot of people don't make sustainable income through cryptocurrencies

You cant really blame out those noobs specially when they do saw that HODL type of word that they could really able to read up but they didntt know that this is just really applicable into those coins like Bitcoin

and other top altcoins in the market but speaking with those low cap or unknown coins then it isnt really that something that you can rely on or would have precise results this is why hodling

is really something that do sticks out into their mind.Being greedy does have some positive impact on some cases but most of the time it would really be on negative one.

Cryptocurrency is a place where you have to face losses instead of profits if you do extra greed. Cryptocurrencies are seen by many new investors and traders drifting away from cryptocurrencies due to excessive greed. So you can't be extra greedy to survive in cryptocurrency.

Greed is human nature. When the price rises, no one wants to sell their coins. When the price of the coin drops, you can set a stop-loss price. When the price drops to the price in your mind, you can choose to sell the coin in your hand to reduce your loss.

that's what greedy people usually do. selling at a loss due to late selling when the pump arrived.
but sometimes some are late but still hold their assets for the long term. remain optimistic for higher prices in the future. it's humane because everyone has their plan for the investment assets they own. greedy or not, I think it's everyone's right. we can't blame him.

For shitcoin maybe that's the right expression, but for ETH, BNB, solana, cardano, and other top altcoins I think BNB owner CZ knows better "If you can't hold, you won't be rich.".
there are already many people who are rich from crypto because they are able to choose and hold altcoins that have the potential for it, so it all depends on the choices we make.

Greedy can be one of your characteristic if you will allow it to your personality, in short, this is a matter of choice.
If you are always after instant profit here in cryptocurrency without gaining any knowledge in it, therefore, you are
certified have that kind of bad behavior of being greed. And I am pretty much believed that not all greedy people are poor, in fact,
there are some actually because of their greediness, this is a real talk and happening to most of the people.

There is no suspense. I want to quote a sentence. I don't know who said it. I suddenly remembered it. First of all, I'm quoting it and it cannot be regarded as plagiarism. This sentence is: The physical strength that God gives to each of us is limited, but the desires He gives to each of us are unlimited. So, as long as you are greedy, your principal will become zero. Regardless of whether you are a professional trader or not, controlling emotions and desires are your criteria for success.

Very good advice from a newbie, I really appreciate it, but you also need to know that every trader who is very mature in the market certainly knows how to protect his assets and also how to use every feature that is on a particular exchange including stop losses.

Greed is not necessarily poor, it may be a profit method for investors. They will stick to their set profit target and choose not to sell when prices rise. Invest in cryptocurrency and choose to hold it for a long time to get the most profit.

Cryptocurrency needs patience. sometimes the price of coin increases but people does not want to sell the coin. Beacause those people are in hope that the coin will increase more and more. They are unaware of the fact that there is no gaurantee in cryptocurrency that whether the price of coin will rise or will go into dip. So in this way greedy people often loss that little money too.

I have been in this type of situation twice before I had wised up now, I traded a coin and was in a massive profits instead of selling or take profit due to greediness I continue to hodl unfortunately the price dipped and I ended up selling in a loss, I blamed myself for being greedy, I learnt a lesson in a bitter way henceforth I always take profits appropriately irrespective of how small the profit l wouldn't want to miss this opportunity again, I believe a lot of investors, traders and hodlers might have experience this situation before.

Everyone has their own goals in investing in cryptocurrencies.
What's wrong if indeed they still believe that the future of the coins they hold will be better even though it has now reached a hefty price.
All the risks must exist, which makes the poorer when the price is down and they panic to sell it without researching why the price drops so drastically.

That's the cryptocurrency law. Of course this happens. Because cryptocurrency is not only about the science of analysis, but also includes the science of psychology. If we are greedy, we will not know what we are investing in, all we are looking for is profit alone without fully supporting the project. Once the coin continues drastically we will panic sell it.

If there is one thing that I have learnt ever since I started trading forex, that makes me understand the Crypto market better. It is what u called CEST. And what is CEST, the C- condition,E-entry, S-stop, T- trading psychology. Let me start from Condition-The mistakes most of us made is going into a trade blindly. Or going long on a coin we never know anything about. When you understand the market very well and you have some conditions met. Then, you can go ahead to rather go long or short. The E- the entry point. That is when it it right to buy and coin. Is it during their ICO or when people are dumping it? When you know this you will be definitely be in a safer side. The S- stop, in forex we can it either stop the loss or take the profit. Before the trade go against you. And the last one is the T- Trading Psychology, this is very important. You have to put your emotions aside else, you will run into big issue buy either wasting all you money.

This summarizes what happens to those people, when the price goes up and it keeps doing it for weeks and even months it is almost impossible for traders to imagine the price will go down, I know that this is just natural and it happens to every asset but to someone that is actually invested in the coin and that has never experimented it this is a mesmerizing experience, and then when the price begins to fall down they do not imagine this is the end of the bull run and they think it is just going to continue, and that is when they keep holding their coins and they lose the majority of the profits they got.

This is applying for all trading and risky methods if you have no patience then surely you are going to lose very quickly specially in cryptocurrency we have very quick movements so sometime if we lost our target then we need good patients without this we down and our situation is perfect. If you hold legit coins and tokens then never upset with price movement even it's going some good down because they can bounce back late or sooner.

Cryptocurrency market is full of surprises you can go either way sometime you will achieve good profit without any hassle and sometime you will lose some big within seconds for this all you must be ready investors need to prepare the necessary knowledge and skills, especially calculating tools for better results.

I agree with you on this if we invest in a certain coin and have hit our profit target and greed increases so we can't sell and always think the price will get higher. But in fact, for that reason, I always force myself to ignore the best prices to sell to make a profit for myself. And myself I have known this for a long time, but I have also fallen victim to greed. Greed is where day traders on the floor become losers.

Greed will always be around us so it will become harder for us to controlled it. But if you are an experienced trader, i know you will not fall into that greed most of the time because you know already that prices won't stay on top at a long duration. Only newbies have troubles in controlling their greed since they always think that once the price is already in a high price, it will even go up higher, expecting more huge profits to come. But the market is not like that. There will always be price fluctuations when we least expect it so prices will definitely fall back. If we become more greedy, then there will be more chances of losing that will definitely make us poor in the end. Well, greed does not literally mean that it will pull you down making you poorer, sometimes it will also push you into more profits that will make you instantly rich.

it's normal that someone would expect the highest price for their coin. we cannot control the crypto market but we can control our emotions not to rush in selling or buying coins. That's why investing in crypto, whether it's short term or long term, we must be able to manage it well in order to avoid losses and earn the profits. failure in invest can be a race in the future to be more careful and alert to the crypto market. It is not easy to be able to face this ups and downs in the crypto market, so it takes a strong mentality too.