Bitcoin Forum

I'm saying for them they are newbie in trading platform. Don't be greedy. You see it that coin is going to pump and pump and you Think you should buy this coin.. Firstly Don't do it. And at this time all coin is pump so do not do it.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.  

It's inevitable temptation sometime if the guys seeing a huge potential gains. But you are right an overhyped coins can make you rekt especially someone is waiting for that pump and will dump on you soon. Early buyers are gonna take their chance to profit on new buyers and that's how the market works. Unless the project you are gonna do a fomo is really a big one that has major use case. Also tokenomics also should be consider as traders rely on the market cap and volume of the coins seeing its potential room for growth.

Greedy is one thing that we should avoid. If you think you are greedy, it is better to take your profit before you miss that chance, and you can't sell at the price you want or at the high price. But we can't deny that greedy will always come to us, especially if our target price is reached, but we don't place any order sell at that price. And we will not place anything except watching the price moves up and down. If you do that, your target price will not fill, and you will wait for a long time before you can sell it at the price you want.

I've learned my mistake too when I was greedy but you're likely to take profit at low price and there can be another batch of pump soon. A planned time and schedule for selling is the solution if you just can't get your hands getting out of holding. It's normal to see people keep holding and waiting for another ATH but you save yourself from that and sell some and let the remaining being on your holding strategy. You sell at lower price and think of it as profit that you'll never regret and go back in the future. While being greedy means that you're wanting to see more of it but it looks bad in the eyes of others if you don't take your profits during the all time high.

Well, others could actually take advantage of the greedy period right now to profit. Doesn't really make them bad or anything for taking advantage of it, alls fair in trading imo. Additionally, there would always be one or two people out there out of a few hundred that would be blinded by greed, not that I could blame them, I honestly expected the price to stop at $20k, then it went all out and stopped at what, 22, 23k? You'd honestly expect some people to join late out of FOMO after all.

To be honest, this bitcoin rally bothers me a lot. I am newbie trader and I just recently started studying about the basic concept of trading and was planning to short the upcoming dowtrend if there is any. This led me to become confused whether if I should sell based on the other traders speculative price or just leave the market temporarily and start learning a more in depth T.A.

This is driving me nuts!

Yeah this sucks a lot. Its even worst when you have plenty of amount in your wallet and you just think that if the price moves up then we might loose more profits. This is nerve wrecking sometimes and everybody is like, I should hold but no wait what if coin devalues immediately, then I think I should sell right away.

That feeling I can understand man, it's heavy burden on brain and literally is stop thinking.

However, recently I have trained myself, no matter what if I have suitable profits then just close the trade and be happy. I sold my coins 18k USD and BTC kept surging upwards upto 22k USD being ath. But I already minded that I don't want more, so I'm not feeling bad at all.

It's always better to have something than loose everything at once.

This is true especially if you are holding 100% of your bitcoin holdings way back 2017 which is a lot cheaper as compared to current price. Also, one thing that keeps holding me back is that I still don't have ample knowledge when it comes to reading charts. Well, perhaps I will just be focusing on learning T.A in order to not let go of this opportunity again, this rally makes me look like a helpless kid ::) who can't take advantage of the market..

Anyhow, thank you for letting me know that this feeling actually exist LOL...

Wait? Does it mean you are negative in profit? How many percentage of your total portfolio have you lost?

If you are disciplined enough to know that greed will get you nowhere then you can be sure that you will be safe from possible let downs. One thing that I do believe a trader should possess is being content, content with what profits that he/she reaped and not minding the continuous price climb because he/she knows that the profit was enough. Market will not always be high, there will be lows and no one knows when is the low happening so you better get that profits before the low times come and you will waste another year waiting for another high.

A trader can buy at anytime the coin he wishes if provided that he has made appropriate analyses that signals buying time for profit. Taking for example that holding is completely different from trading entirely, traders are both concerned about pumping and dumping prices and making use of it to make gain. Traders should just be making sure they are well disciplined and not having greed at all because the market price can favour and while good trader can take advantage of the little gain by closing his trade, a new trading with low level of experience which do not have such experience can later lead to the market not to favour at a point in time again which can lead to selling at low price and losing certain amount of money.

It's really not good to buy altcoins that pump these past few days but not all of them did, I can say that there are still a lot worth to buy that didn't pump yet.
Being greedy is really hard to overcome especially if you see your gains, your mind keeps telling you to not sell yet until the coin you're holding is dumping.
Always set a target profit to secure your invested money on that crypto.

This is what you call FOMO, if the price really reaches it's top but still many irrational buyers are still buying because they think it can still go further. For newbies, you will experienced this, I myself has been in the same predicament before, I FOMO and lost some. But still a good lesson for me, the best thing I've learn is to just take profit if you are already up by a good percentage based on your initial capital. No need to wait for the price to go even further as it might go down in a blink of an eye and then you will regret it.

Putting aside emotions is not as easy as when it comes to saying it. Emotional instability when trading without a good trading strategy and preparation.
This is also a problem for me, because humans are endowed with emotions. I started learning to train my emotions so as not to interfere with trading. and get rid of greed and have to be satisfied with the results obtained.

Major problem of being a newbie is being a greedy. I think majority of successful trader these days experienced of being greedy, I admit it. But we should take those losses or failures as lesson to become successful trader.
We all know how volatile cryptocurrency is, so being more greedy in this market is extremely difficult, you may get rekt at any moment.

You can't keep them from trading at this time, even though they know that currently a lot of coins have increased, if someone is buying & selling now they have their own considerations of loss & profit.

It's not one thing to say greedy for people to trade, consider, analyze, meticulous, risk & income has become a basic guideline in everyone trading in the crypto world, even though the price in one hour, minute, can go up & down.

Newbies are now smart & understand what is good and bad for themselves in the crypto world, especially in the field of trading and investment.

I personally admit that I really feel it. In general, are there any restrictions on trading? Of course who does not want to make big profits, I am sure you will do the same.

but here is not how much greed, but how much can we overcome our own emotions when faced with a bullish situation?
to be honest I am not a person who is good at controlling it all, is this normal as a human? that human nature can never be satisfied?
This is quiet personal honesty. be it a beginner, or even an expert.
or maybe you have surefire tips to control everything? because for me you are a senior trader if you can say everything.

Who doesn't like to earn money easily every one want it but the risk is also follow if you want to earn money without doing anything .

Actually it's not about emotion, but a FOMO thats why they decided to buy it even at high price most of the new investors do that without asking for other opinion of veterans in this field.

I agree that people should be careful but I also think that if we just let it be, it can never grow even bigger neither.

What we as people here want us obvious but unrealistic, we want super rich wealthy people and corporations to keep buying bitcoin in billions every single day to increase the price, and small investors like me and others should be getting out or getting in whenever we want without losing money because those big corporations keeps buying and increasing the price, that way we are not at risk as small investors and they are making big returns as big corporations and everyone wins. That would be a great thing, we all wish that, however reality of markets are not like that, things change daily and anything could happen at any moment, which is why we should do everything in our power to keep increasing the price while also making sure a crash wouldn't kill all our efforts.

Greedy is actually the problem not only for newbies but also for all traders. Whoever is greedy may lead to losing many things. This is like a basic condition that will happen in the trading discussion. however, how if someone can manage the greediness and also the emotion?
I also never heard about it. The answer is that if we still can manage or control the greediness it means that we are not really greedy. It means that it is so easy to be said that we are greedy enough, not satisfied about all, and also going to earn more and more money again.

The biggest problem of a trader is not being able to control emotions.
greed is a part of it and very hard to control. this is what causes huge losses and mentally damaging in trading.

Sometimes being greedy can make you some profits as well like if you see a small green bump so you wanted to buy Bitcoin even in next few hours there will be continuous green candle in the chart. I won't say this as proper trading strategy still it may work sometimes depends on how lucky you are.

Once you want to become a trader it is important to learn fundamental analysis as well as basic technical analysis which is the only thing going to be involved in you own analysis.

Well, your greed can be useful sometimes so you can higher. But yea, it is just like everything else where anything that really over your needs are really bad of your decision making and could suffer you to more losses than you can afford. I would prefer to trade Bitcoin at this point at the steady pace rather than just taking this hype too seriously.

what comes to the mind of a newbie is just profit and not thinking about the risks...
FOMO is a common condition that occurs for a newbie who wants to feel fast profit, They don't realize that it can be dangerous to buy in a time of hype. I hope they learn from the experience of veteran traders.

At a time like this when bitcoin reaches its highest price, the best option is to buy altcoins, because the opportunity to get a profit is higher than buying bitcoin at the peak of the price. However, who knows that it's the peak and it won't climb higher? I thought the ath was $22k but it turned out to reach $23k then $24k as the new ath, it even not the end of the year, and what will happen in 2021 as most of the market may reach a higher point.

Greediness is the reason why many people come into trading fails. This emotion is hard to control and if you got caught in this, you will be expecting to have a worse end.
I know that we all wanted to make money, make a profit in a short time, and so we come into trading but somehow, we are in a clueless market direction that could possibly give us losses instead of gain due to our self-control.

For example, when the market is bullish right now. A lot of FOMO happened and ended up buying at a specified price. Because greed wants to get more profit and ends up stuck at the highest price. Just imagine being stuck on Bitcoin for $24k. If bitcoin price continues and reaches new ATH again it might be profitable, but I believe they will be faced with an unstable psychology and will panic when the price starts to fall.

That's right, don't let greed make you make mistakes when trading. We've all been newbies and made mistakes, that's a very natural
thing to happen. The most important thing is we don't repeat the same mistakes, because to become successful traders can always
learn from their mistakes. We must always improve our trading skills, one of them is by controlling our emotions when trading. So it can
prevent you from buying coins when the price is high.

Even old or veteran ones do still commit the same mistakes when it comes to these kind of FOMO situations where people do believe that the price would go even more.
When you would make up some decisions? You cant just wait for the price to dip before making any decision because if you do let yourself get behind with the market
then you would really be missing out on positioning yourself into those numbers when it tends to go up even more.Nothing can really be predicted thats
why people do tend to make risk on buying even lets say that we are on the peak.We wont know if tomorrow we will be seeing 30k price point which means that is already
a profit for you.

That wouldn't be easy as a newbie, as a beginner.

Seeing such price, you would be greedy sometimes and that can't be helped unless you already know what you are doing and especially if you are already experienced when it comes to the movement of the market. Expect the unexpected and have these countermeasures about it. You can't evade losses but you can lessen the those.

Feeling satisfied is something that sometimes, we forgot because we want more and more without thinking that it is enough for us. We should know when we should have enough with what we got, and as you say, the market will be down, and if we can feel satisfied with the result before, we will stop for a while and wait for the next things that can happen to the market. There will be another moment for us to enter the market at the right time, and we will have another chance to buy low and sell high. It is better to feel enough than to chase something that we don't know if we can get or not.

Don't be skeptical mate, above all traders are greedy for some reasons best known to them, institutional investors currently buying Bitcoin might be seen bullish but the outcome still remains the same when they decide to pull funds out (profit taking). So, at this junction traders will definitely be bitten, though at this time it won't take long as we have seen in the pats (time taking for Bitcoin market to get recovery) IMO. OP said something good, i was one of those that love taking profit with a margin but was bitten in the past, but currently my profit taking doesn't exceed the 5% - 8%.

Haha right. it's about how you set targets and how many goals you will achieve. but in reality when things are good and you start to forget your main goal, that's where greed will control you, and in the end if you can't control it you will end up losing.

Being greedy is not a good indication. One should conduct wisely without prevailing greedy. Although everyone is supplementary or insufficient greedy, we have to operate thoughtfully. If you expect to bring about too much profit, you have to encounter penalties in many prosecutions. So we should learn a lot from this platform.

It is true that only newbies can do this type of mistake .They come to the market and when see the trend to the up they buy and make a huge amount of losses .So i always suggest to the new trader don't be panicked you can afford to loose your money .Keep patient and do research it will helps you to make profit on crypto .

You may have a big point on your statement anyway dude, but sometimes if the person is greedy, He/She will always be greedy.
And real talk, sometimes also even the person is not greedy if the hype of the scammer is too good the individuals will get easily attract on those sweet words coming from the people who has a bad intention to everyone.

Bitcoin price has gone up to $ 24k, I'm sure many people are not satisfied with this increase,
because the 3 year wait only got a $ 4000 increase at this new all time high, but if you become a greedy person,
then you could be trapped again, and following the bear season, so remember you have to be careful in making decisions

My previous mistakes and losses in trading were because of my greediness so I have learned how to avoid it. I focused on coins that only pump without even knowing their potential. I have been trapped for a lot of times until I realized that expecting too much from pumping coins isn't a good strategy. Trading is really a long process of learning and sometimes, the best teacher that we could have are the experiences that we had.

Greed is part of human nature but there are people who cant really just able to control it which is expected to result to have some mess in decisions that had been made.
This isnt only happening on trading situation but in all thing that do connects about money making.

Making yourself greedy will really be not good in most cases because this will result into unfortunate events.Secure profits as you can or dont miss out the opportunities.

Experience will really be the best teacher, its alright that you do commit mistakes because this will be stepping stone for you to learn and progress.

With the Bitcoin price that managed to reach the new ATH at a price of $ 24,000, of course, some top altcoins are also pumping too.
So always be careful when trading in a bullish trend situation like now, because it can make us greedy. So please control our emotions
when trading, don't let greed cause us to experience losses when trading. So it is mandatory to carry out technical and fundamental
analysis to determine the buying and selling prices, so can avoid us buying coins at high prices. And another important thing, don't forget
to use the stop-loss feature, because the crypto price is very volatile, the price can fall suddenly.

Yes,i agreed with you. Greedy is one thing that we should avoid it. Most of the time we are greedy that we can not selected the sell order price. Just remember some people hold bitcoin in 2017 they think bitcoin will be 30000$+ but they sell it low price because when the price is increase they don't sell it..I think people  need to satisfied  her self otherwise  he lost everything

Should I call myself greedy because I wanted more profit? It is something wrong we call greediness that will bring us to the worse because greediness for me is just not like that, wanting more is just a motivational program set to our mindest and have positive results.

What makes this worse is that we are doing this at the wrong time (just like now). Some people just jump into crypto because they are seeing that the market price soars high which is not good and the best thing to do. But if they are doing this when the market is a bear season, I would say that 100% or even 200% gains will happen(sounds greedy right?).

When people think that bitcoin will be $30k, they don't sell bitcoin at $19k because they still believe that bitcoin can hit that price. But suddenly, the price drops continuously and reaches the lowest price at $3k. Many of them panic because they don't sell bitcoin at the highest price. From that experience, I think people now learned from their mistakes in the past.

And with the price already touch $23k, people don't want to miss another chance to sell their bitcoin. But at the same time, many people are aware and want to invest in bitcoin, which makes the price back to increase. I think the price will not stop increase until the next year, and perhaps, the bitcoin price will hit the highest price at the next price.

Be careful traders speculative price are sometime deceptive. You will have rely on your own findings and make decision on your own. What works for peter might not work for Paul. Remember, there are thousands of coin in the market. While some will rise some will fall. For every trade you make, do not forget to use stop loss especially when you will not be available all the time to monitor your trading. If you are willing to take time off to study trading more, well that will be better. You can put what you have learn to practice by using demo account for real life experience. https://bitsgap.com/demo-trading/ will give you the best demo account with over 100,000 USD to buy various crypto listed on the platform.

yes I agree with your suggestion, but sometimes when the price is at the pump there will be a lot of Fomo which results in us getting stuck buying tokens that are being pumped.  actually the most important thing in trading is mentally not to use emotions when trading, and patience is the main key,

This greedy talk is not for only the newbie trader. Every kind of trader need to know that greed is danger waiting for your account. You can be free if you keep doing greedy but not all of the time. At this time, buying high or a coin that will pump  might not be good. Buying and waiting for gradual increase is surely profiting taking.

Being greedy is not good because it will cause to you to lose your money, we know people only invest only if the investment is already successful or trends like in the bitcoin they invested only when price is very high but it depends to them to their research because we have others opinion of what will happen maybe for the others they think will up more so be positive on their thinking that their prediction about bitcoin will happen.

sometimes you won't be able to control their emotions even me too sometimes i'm getting tempted by the price of the cryptocurrency sometimes i forgot to read the charts and just buy pumping coins and suddenly losing money.

Easier to be said than to be done but yeah you shouldn't be greedy and that is the most important you need to do aside from learning the fundamentals of trading. You shouldn't be greedy when the price is soaring high, you must set your goal or target price to sell and so if the price is dump as well. If you keep waiting for more there's a chance that you might lose the opportunity you once had.
And of course, you must learn the basic fundamentals because entering in trade without any knowledge is more like suicide. Don't be afraid to lose coz you can learn from it. One thing, learn to control your emotions as well, that will helps a lot on most occasions.

Dealers should simply be ensuring they are all around focused and not having eagerness at all on the grounds that the market cost can support and keeping in mind that great merchant can exploit. There will be one more second for us to enter the market at the opportune time, and we will get another opportunity to purchase low and sell high.

Now we can tell that the btc price is really able to make new ATH even after years of having a too much volatility, being able to set new ATH 3 years after it's last record shows how good BTC market is can be as investment if only we knew how to manage and wait for it's time that we will be able to have some profit.

Most of the newbies that fall in that trap have never read about trading in their lives, which is a shame because one of the first things you are ever going to learn is that you should never trade assets that have a volume that is too low, and this is because those kind of assets can be subject to heavy manipulation by the whales, and even if pump and dump groups have been illegal in the traditional markets for decades because of the privacy afforded by this market this is a problem we still have to fight.

But there are some which arent noobs do really take some risk on buying some low cap coins for the belief that they would able to make tons of profits
incase the token or coin had been pumped out.Even though the chances were slim but the possibilities is there thats why some do really take out some
risk even if they are already old into this market.Greed is one of the most common thing when dealing up with money or into this market.
Just always remember to secure out profits when you are in greens and never ever hoping for more.

As a newbie especially those trying to explore the opportunity the trading industry offers, avoid newly listed coins especially those on top exchange, the pumps are just influence by the news of the new exchange listing and not that they're promising due to the technology or solution they offer to the industry. Investing just because a coin is pumping is a wrong strategy and meant end up costing you our capital.

And for newbie that already find themselves in such scenario were their investment are pumping, you not cashing out doesn't mean you're greedy. Don't misunderstand the concept but since you're in a very volatility market and aren't holding instead trading. Having a stop loss option set in place is the most smartest and advisable thing to do.

Always stick to your strategy although this shouldn't mean you should be ignorant and not be willing to adjust your strategy at very given opportunity to best suit the market and work out profit for you. As a trader, the profits are the most important things.

Sometimes newbie traders do this, they are greedy when the price is high and they buy greedily. even though it is very prone to experiencing big losses, when the pump price is very high it can immediately experience a dump without being expected. So it's true, before trading it requires learning and strategy

Nothing really good can happen if you let greed get within you. You can just experience greater loss and miss opportunities right in front of you if you will stay greedy all the time. This is a note for all the newbies and even for the oldies that greed will not create a good space for you in this industry for you will just left out having greater loss than gains. For the newbies, better do educate yourself all about the things you must know about trading before doing any engagement to manage the risk associated on dealing with trading. Be mindful the your actions will take response of the outcome your decisions have created in the future. Take it slow and avoid being greedy.

Whenever the market scenario shows a wild change, the mind of people changes. This is where the greed accompanies. Here some finds luck and majority ends with loss. When the market looks bullish people just buy some assets expecting a growth in the short. Most of the time people go on lucky try with new coins. This is how the greed affects the users. Maybe buying the right altcoin could get you profit atleast in the long run.

Being practical and reasonable in business is number one thing they teach you at school. When you see something becoming too good to be true it is either not true at all, or it is usually something that is very good but you are very late to it already. This is why I would say bitcoin is at a place where you might be too late already to make a huge life changing amount, I am not saying it won't go up, it will definitely go up, but even 10x of whatever amount of money I can put right now is not enough to change my life forever, I would be superbly happy, but I wouldn't really have a whole changed life just with a 10x return.

Moreover, to think that 10x in bitcoin is over 240k nowadays, PER BITCOIN, that is already way too much to ask. It means you could profit from bitcoin but you can't retire with bitcoin if you invested only once and wait for it to mean something.

Yep. Don't be greedy.
Investing in cryptocurrency is like roulette, no one really understands what's going on. crypto price remains a puzzle.
When you've bought something at a much higher price and you see the price drop dramatically many cannot bear the pressure of daily fluctuations, there's a psychological impact.

The ability to control emotions properly when trading will form the correct trading mindset and psychological factors can make traders gain profits or suffer losses.

Many newbies are eager to get profit in a short time, so seeing some coins that keep going up thinking buying those coins is
a good decision. Even though buying coins that are going up in price is very risky, especially if the coins have gone up high
enough, do not force buying these coins to get a profit. Don't let greed get over us, so I totally agree with the advice of
the opening post that you have to learn more about trading if you are serious about getting profit when trading.

Typical to see individuals continue holding and hanging tight for another ATH yet you save yourself from that and sell a few and let the excess being on your holding technique. You sell at a lower cost and consider it a benefit that you will never lament and return ever again. Dealers should simply be ensuring they are all around focused and not having ravenousness at all in light of the fact that the market cost can support and keeping in mind that great merchant can exploit the little increase by shutting his exchange.

basically trading is a blend of emotion and theory that every trader has.
they have different and unique predictions, strategies and characters. the most important thing is to focus and be consistent with your own trading strategy.

almost all of us have this our minds are really easy to manipulate with this sudden changes of price and it needs lot of practices and mental barrier to actually avoid your mind changed if this suddent event even happened in the future being unstable could make you loss your chance to earn more because you are too easy to get manipulated

that looks like a gamble the odds to get a decent coin is really low and you may lose even more since almost all of the new coins are just exit-scam projects

It isnt bad to look for other trading ways or methods into other traders as well as long you dont mimic or trying to copy it fully and just tending to add it up into your current strategy
which on this case, you do able to enhance even way more with your trading ways and if turns out not to be good in terms of outcomes or results then you can anytime remove and
find another one if necessary.This is just a matter of trial and error in countless basis because you wont really be able to sustain into this market if you do just limit out yourself
or sticking only on a few methods that you do know.Always explore on various paths and ways and finding out the best one that fits you in.

As a newbie I will advise you to always secure your capital always make sure your capital is safe, when you are trading and you are already in profit always make sure you secure your capital!!! When a you buy a coin when the price is low and the price increases always make sure you sell or always make sure you use stop lose!!!

I believe your not from an English speaking country from the look of your write up and i wont blame you much because for the very least, you tried. Getting to learn a new language isn't such an easy task but should it be due to a translator then, the translator is bad and it would be best you refer to the service board to implore the services of an English translator, it would help you to pass your message better.

The idea of buy when its rising is just so innate in young traders that it almost seems they were born with it or learnt it an a very early stage of their life in this case, trading career. what they ought to understand is that, in a bull run, everything or coin is relatively pumped and not all would be able to keep a low profile when it comes to retracement and corrections. Most less established coins are always going to suffer more and as such, it results in a bad investment all because of greed.
On the other hand, it might take a much longer time before profit is reached, a time with which, most investors aren't ready to waste and might lead to early withdrawal which also ends in looses.

Ain't guaranteed safe in here, trading is risky and many traders got into trouble because of their mishandled emotions that brought them into losing. Since we decided to become a trader, we decided also to accept losing but if we can handle this emotion (greediness), we are about to conquer already half of the battle. Ain't that we can escape from being greedy has we all have this but always we put in mind that we should not be a stupid greedy person all the time, we must control it otherwise, losing will come to us.

Most people that do  this sometimes is simply because they don't want   to miss out so they just hop in and buy at a high price. It's more advisable to learn and perfect your trading techniques because its  part of the skills that you need to succeed.

The hype is high but we should still trade base on our strategies and don’t be greedy in trading especially if you are just thinking for an easy profit. It takes time to become successful in trading and most of us failed on our early stage and only those who are still willing to take risk will continue. If you become greedy and can’t control yourself, better not to trade.

There is not just that but Bitcoin reaching 24K is another reason to celebrate its success.

There were many doubters saying BTC won't reach 20K this year or ever alas we are now seeing a new trend, a new beginning for BTC one in which we might even see it touch 30K?

I hear some of you think 30K? Yh, that's a large number but nothing is impossible with Bitcoin and crypto system, is there? :P

Its a human nature for people to be greedy sometimes and that is the problem of traders who cant control their emotions to think and make a decision wisely.  Who dont want to earn huge during this time right? But we should set limit because the market is unpredictable and it can turn sideways or plunge unexpectedly. Thus we need to take advantage the increase and take profit. I always say that there's nothing wrong if you just earn a small amount, still its a profit, so what more if you gain huge? Be contented and have plan on your next move.

If you are greedy at this time, it's going to cost you lot of things, and one major thing is going to cost you is you are going to lost your precious coins. Greediness at this time is when you make all the profit in just a day or few hours. It is going to be a disaster, and you are going to regret it. While not do it bit by bit and be taking your profit on a daily basis, by doing so, your profits will be stable and constant. That's what the rich call passive income. Which can also be called cashflow.

I feel like there is time to be greedy as well. I understand that some people are scared but buying bitcoin is never a bad decision. Let me put it in perspective, if you bought bitcoin at $20k in December 2017 at the peak, in 3 years time you have made about 20% profit, now that may not sounds so great, but that is from one all time high to another all time high, that is the worst you could do by holding it for this long and buying from the highest price and waiting.

So buying from highest price possible will always be profitable in the long run, no matter wherever you buy, it all depends on if you could hold. Obviously a lot more profitable if you could buy more and wait more, because if you buy more from lower levels you drop the price you bought and profit quicker as well. I am a long term holder and I will always find the price cheap, no matter wherever we are.

Crypto greed is normal. There's nothing out of place with that, anyway. Investors don't want to cut short their profit chain or newbies miss out on the ride. Yes, the watchword is "be careful" but then how careful can one be? You don't want to exit a token you've been patient with over a few months only for it to skyrocket and do 1000% a few days you sold off. Taking risk in business is always going to be the main thing. No risk, no business. However, my advice to newbies is "don't invest money you will miss losing." In essence, don't invest what you can't afford to lose.

Can holding be counter as an act of greed? I cant say that I'm a greedy person. Market has taught me not to rush to sell cryptocurrency after every price drop. I cant say that I'm short of money (fiat) and I need not to miss crypto price drop to feel comfortable. Even though if I see the price went down and I could have sold my bitcoin at the price of $23k, and now it is $15k, I would feel disappointed, sad but not depressed.

So are you a veteran in Trading now?
We shouldn’t always give advice to other people when we have half knowledge in particular things.
And when it comes in term of money matter better to BE your OWN BOSS.
Secondly the pump of a coin depends upon its supply and demand, so if the demand is more and supply is not sufficient then the price will go Up and you need to wise enough to choose the right time to buy or sell that coin.
At last just do a background check of a coin and these will surely act as an insurance if we fall in loss while holding the coin.

^ this is a funny thing IMO, you say *since I was a newbie*!! and your account is still a newbie does that mean you have been trading since not joining here??

the biggest enemy of a trader is himself, if the trader is not able to master his greed even though he knows all the trading theory then it will be in vain.

Greed is a thing that's enough to destroy yourself. It's a very important thing that never greed it in your life. The element you use never can gain permanent success in your life without losses. So in trading, you have to understand, learn, and increase the capability to maintain the situation that will help you to go further.

Greed will destroy the entire earning, so we should always be happy with what we have, in crypto, sometimes we might see our estimation but greed makes us lose all the money. Trading, always will not help us to make a profit, but when we made profit we have to use them wisely otherwise we will end up in huge loss.

I also really agree with you. In trading we really need to learn a lot. There are many things that we need to know not only about the price of coins, but how to regulate emotions in trading and much more. All of that the goal is that we are less and don't even make mistakes that will make us lose. So don't be greedy, and don't rush into taking steps before you really understand what you are doing.

This is just it; if you are greedy as a trader, or an investor you  will miss out on several opportunities to take profits and that would cause you some problems later when there is a price correction or a bear market. Greed and fear is an emotion you have to overcome to be very successful in crypto currency.

Unfortunately there are too many newbies that came into crypto world during this period, which means they have no idea how things work, and they want to partake in this crypto world and make money like we did but they forget that they haven't been around for that long, yet they still try to get the same amount of profit as we did, they hear people making 2x even 3x returns and they want to make the same amount of returns as well.

What they are forgetting is the fact that those returns already happened, they can't make that unless bitcoin goes to 40k+ levels, even more, closer to 60k+ levels. Which is why I believe they should not be looking for these kinds of returns anymore and focus on increasing their bitcoin amount as much as they could instead, but they are not focusing on that unfortunately and get into riskier and riskier things to make big returns.

The general market emotion is really greedy which only means that there are still a lot of people that are continuing to buy and acquire positions. Actually, being greedy is not a bad thing but being too greedy is the problem and it should be avoided by a lot of traders and investors. The question is how do we avoid it? There are a lot of way in order for us to not being too greedy and one of the popular way is to develop our trading psychology wherein we know and we are aware to our current emotion, feeling and also the capacity to think on how we will execute our trade.

Discipline is also a factor and you cannot become too greedy at all if you have discipline wherein you have control on where will you trade and when will you not trade. I also suggest that traders should have plan first before they buy and acquire positions.

This has been repeated a lot that we shouldn’t be greedy, but if you think the market still has more chances of increasing then there is nothing bad about giving it a try. If you’re a trader and you’re trading daily, you shouldn’t forget your stop loss so that even if you happen to make a wrong predictions and lose money it’s not going to be that much. Then as someone who HODL, you should as well check the market and know where it might, and don’t forget that there is no hundred percent assurance that it is moving based on your prediction, so you should be ready for whatever that follows and know what actions to take next.

Greedy is not really good when it comes in trading. I'm sure many newbies that always getting greed just to make big profit with this current condition of the market especially bitcoin. Sometimes greedy can earn you big profit but it's not good strategy because some coins will suddenly fall you really lose money instead. If you earned profit sell it right away just be contented, don't be greedy.

Giving a try, but never use all of your funds to invest. Many lost with that because they fully trust a project that it can be back in that price, then use all their money but sometimes there are situation that will not be favor in you even you fully trust a coins that it can recover, one of the example is all  altcoin in early 2018 they continue to drop it's price for the whole year and even more drop in the next more years . So if you can't wait that long and can't control your emotion for buying a coins then you should only do a daily trade in that case you can easily leave the project anytime you want without the hassle of waiting.

^ We need to fight this emotion even though it is a part of us.
Alright, probably I agree that you made your personal mistake of buying bitcoin when it pumped up. But it doesn’t mean that it is going to be the same today. I also made the mistake of considering myself greedy when in fact I was not. It's all matter of research.
It probably looks like it pumped but sooner you find out that it still increased and you supposed to earn profit from it if you bought some the day your decision not to. Nevertheless, the situation of OP will never be the same as others so don’t limit them.

Well I agree with that part about the greediness, it's in all of us! Some just know how to control it, some people can't, and there are all of us in the middle who can control it partially, we have our own moments! And in my experience I lost many times when I was greedy, but there were some good situations where I wouldn't recover and take the profit without that dose of greediness!
The bottom line is, try to control it as much as you can, but in some situation's greediness can be useful! Knowing how to recognize the situation, and how to act in them is what makes difference between profitable traders and losers!

Greediness is a power weapon and part of human nature and the only individual that can control their greed are well knowledge individual with previous familiarity.

When you are in the situation of loss many times what you need next is to put your patients to work and wait till the market recover but you can sell for loss that's if you can accept it.

Absolutely and that why I never detest the greedy habit in cryptocurrency investment if the coin is not hype base.

That is right. We will forget to take profit when we already see the profit comes to us become bigger. We must avoid becoming greedy if we want to make a profit. We already see many traders losing their chance at the right time because they do not sell their coins at the peak, and I am sure that we do not want to be like them. Maybe we need to learn about controlling our emotions in trading so we know when to sell our coins.

Whenever people talk about greed, I remember the "greed is good" speech by Gordon Gekko, it is a movie obviously but it does explain to you what the insides of financial world is like. I think greed could be used very well, greed is not just about money neither, greed is about wanting more than what you have, and even more than what you need, greed for art, greed for knowledge, greed for love, they are all possible things and could be used alongside of greed.

In crypto world you could always be greedy in a healthy way, you should not go risk everything you have in a 100x leverage for one shot, that is the kind of greed that is bad and I would say stay away from that, however there is also a greed that is acceptable as well, like wanting more and more bitcoin, going into bitcoin heavily without making debt, those are nice kinds of greed if you could stay there.

Sometimes it's just irresistible to not execute a trade when a coin keeps pumping even when all speculation and prediction fails, a user or a newbie trader just goes all in with all money he has and purchases a coin/token in the hope that it will give them returns but mostly they lose rather profit. The only profit you can make in a volatile crypto market is achievable only when you hold your crypto for the long term. Only then you will be having enough profits to feed your satisfaction and greed. Else, just executing trades will give you an average profit and mostly losses.

Holding doesn't work anytime that's why people do make trades on active manner and this wont really be something simple on where someone could able to take some profit.

Its really hard to resist when greed do really comes out and if your experience on this market isn't really that enough then you would most likely made out bad decisions.

Always consider on taking out profits when you do make gains and never ever tend to ask for more.Limit out things or always set some take profit level.
Don't always ask for more.

There is a difference between ambition and greed, you are actually talking about ambition which is the natural desire to improve ourselves and our lives, ambition is good since it lead to great things, greed in the other hand is a never ending desire to get something and once reached to want even more, this is why it is discouraged because it never leads to anything good, at the beginning it may seem to do so because it has similar effects than what you see with an ambitious person, but over time you will see the difference as an ambitious person can have a healthy and diverse life while the greedy one only cares about still getting more and more of whatever they desire.

This is true. Adding to that, Having a never-ending desire could put you in danger because one of the possibilities that you can make if you hit by greediness is to speed up the process and find the shortcut to those goals of yours. Everything has a process and those processes should be encountered to finish our goal and taking shortcuts could give potential risks. An ambitious person is a lot different than a greedy person, Ambitious person still has contentment if the goal is fulfilled but being greedy has no contentment at all.

Its really a good advice but we're in the middle of the pandemic some of us really want to take the risk of being greedy but I think being greedy is not a problem if you know the price will go up and you will take profit.

There is nothing good when we are greedy, because greed will make us bad. Why is that? with greed we have gone out of the plans made before trading, because this is the basic concept we have to do.

1. Planning before trading
2. Analyze and think about how much the target ratio of risk and profit can be obtained.

We cannot eliminate both of these things to get the perfect balance so that our finances are maintained.

The problem is people didn't know how long it will be going. So many people were still taking the long term trade even the bearish market happened. i see that some people were still holding their assets even the price got depreciated so hard due to the massive dump that happened with crypto.
When people are greedy to gain a profit and they will forget about the best time to sell. They will take even the shitcoin for the long term.
This thing must be avoided by all traders. People should leave from the market when they have earned enough profit.

It is better to control our greedy before it's too late because we already see many people or traders lose their control in trading. A wise trader will not chase the profit while he knows the profit in his front, and he will take that profit while he can try to make another profit later. We should know when to profit, especially if we can see that opportunity before that thing is gone.

The hardest part in human nature is to control greed. The people who are in this space for years learned that greed is a really bad thing and tried to get rid of it. But for new people it will be a hard challenge.

Indeed, experiences will nurture oneself to be able to control such emotions such as greed in different situations as you may know the consequences of the actions you take. Having this control can contribute to your future status, and take the probable risk that leads towards your goal and plans. But being experienced doesn't mean that you're not at risk of falling to greed, cause there would always be times that tables turned the other way, against on how we anticipated it.

Yes, controlling greed needs time to learn, and not many people can do that. Many people have fallen because of greed, and we must know how to avoid greed. As long as you can make a profit and know when to close your trade, you will not lose the chance to make a profit. But if you miss a time to sell because of chasing the profit, sooner or later, you will forget about making a profit while you can.

You cant tell that ambitious peoples wont really be falling into the category of those who are greedy.It does depend on self awareness on how someone will able to control himself for him to follow
on what he had planned nor set earlier when he was just starting up.Most of us will definitely be forgetting on what we are aiming and do set when we had just started.
There is really a time that you will really be just longing for small potential gains and you said to yourself that you would really be contented with that and when the actual situation do happens
then thats the start of the changes yet your emotions will be one of the common factor that will affect on what you had planned earlier.

You should know on how to handle up and be prepare on what would be the possible situations that you might encounter along the way.Being greedy is normal but you should really be
controling into a certain extent because if you do let that greed control you then that would really be creating a series of problems.

It's always a bad idea to buy altcoins when they are pumping, newbies don't just get the whole idea, the best time you can buy a coin is when thy are cheap in value and that only happens when market is in bad shape, the whole trick is getting the coins cheaper

In trading you have to be able to handle your emotions from fear to greediness or meekness. You need to be a brute trader to be consistent; you have to learn and understand when to take profits and not be greedy, and also when to quit a trade and not be stubborn to hodl on to rekt. Always do your own research.

That's a good advice from a newbie to the newbies. Even I had took part in pump and dump programs when I was a beginner and eventually ended up losing significant capital from my portfolio.
At the end I had to quit pump and dump schemes and decided to do my own research and invest based on facts and figures.
So yeah, investing blindly just because the coin has been pumping is definitely a bad decision.

Yes, crypto trading is more difficult and seperate from others trading. Here, anyone have to select a token by portfolio and seeing the work from team not to see the pump or dump. Ya, sometimes have to buy dump season when its future is good. So analysis is main thing in trading time.

Which is why we must concentrate on finding good coins, if you find a good coin and you do so for a good price and you buy then it is just a matter of time until the coin goes up in value, but the problem with that is that for the most part most of the coins in the market are scams or bad projects, which is why for the most part people prefer to concentrate in bitcoin, which is fine but there are moments in which it is a bad idea to buy, like right now in which the best strategy seem to be just to hold whatever amount of bitcoin you already have.

Newbies should rather learn some technical analysis to make better choices and reduce their losses instead buying blindly. There is guideline to trading and you need to follow it to the core. Anyone that hasn't bought enough at several dips we have overcomed shouldn't buy at this pump season. Just like the saying '' buy low sell high''. And not the opposite.

You know the reason why some of the people became greedy? I think the reason sometimes is when they hear something in the telegram or other group apps spreading the FUD about the coin that will pump, and several of the community got hyped on it then they buy the coins
that it has been mentioned in the above, that's what I thought.

When it comes to cryptocurrency you don't have to be greedy or u might endup losing both ur profit and your capital, you should always know when to exit market and always make sure you use stop lose when trading!!!

But if they follow you then still waiting up to now, and besides it is not being greedy ,that is a risk taking to invest even in Pumping market , Look when you posted this the price of Bitcoin is around 22,000-23,000 and look at it now?
29,000$ meaning if they vested then they have 25% increase as of this moment and what if the price continues to 50k this year? that is more than 100% increase.
But you are correct because not all the time market will Make this movement ,it is better that we have knowledge and we have and we have defenses Like Stop loss or certain margin when to Sell out.

It is a problem no matter what.

I know that there are a lot of people right now that are so desperate to earn, the fact that there are a lot of people scammed in our country because of the schemes they've thought would give them profit during the lockdowns. I know that we are all desperate but we should always remember that we should not be used by our emotions in these circumstances. We should think about it and act based on it. If we can't do it alone, there are a lot of people that would help us.

Despite of the green market encountered right now, I still prefer to hold my btc and xrp coins. Corrections hasn't yet happening, I can't afford to lose what I have recently that's why it's so important to plan for every steps before perfect market will happen. Learning process takes months or even years, and if I'll be greedy I am not helping the community but rather contribute to the market drop down.

Greed is something that destroys us so we should avoid greed. People fail in business because of greed. And if you fall into this, you will expect worse. We must improve our business skills, one of which is to control our emotions while trading. The most important thing is that we do not repeat the same mistakes .

Many people would like to grab every opportunity when bitcoin's price is pumped up, that is why they always make a bad timing when buying a bitcoin, and will just end up having losses when bitcoin's price suddenly goes down after increasing its price. People should definitely learn how to control their greed and practice to make their own strategy so that they will not make a quick and unsure decision, and to have huge losses.

This is what I think as well, even if I think the price can grow more this is not the moment to buy anymore, the risk is simply too great for inexperienced investors, maybe they will get lucky but most likely they wont as even if the price kept growing newbies and their lack of financial education will come back to haunt them and they will lose money anyway, so it is better for them to use this time to learn how to trade and then invest in bitcoin once there is a significant correction.