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Author Topic: Never Be greedy!  (Read 2669 times)
Yethundey
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June 20, 2018, 04:11:04 PM
 #301

If every trader can control there  level of greed, in the coming years, we ll have many successful crypto trader....inn order to b successful in this crypto space, one need to control his greed level to the nearest minimum
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Emitdama
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June 21, 2018, 06:06:23 AM
 #302

I think I'm not greedy but I'll just take a chance if I can get a profit and that is my goal to be able to get profit as long as I can still get it and if there is a pace for it then I will take it
Yeah, do not place all your wealth here because you have to manage everything. Without management or miss management you will loss all your wealth at once if you place all your wealth here. If you are an experience trader then you can do with big amount because you will handle it on appropriate way. So never be greedy while trading or investment and especially in more valuable currencies.
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June 21, 2018, 06:14:08 AM
 #303

Greed is not a good quality and greedy people suffer a lot in this world as i know the person should be a normal man and do the things in normal behavior then you will be the rising star so use the technical analysis for crypto investment.

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oegarod
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June 21, 2018, 06:44:59 AM
 #304

Being greedy is the common mentality of human. Very few get out of the same with ease and makes the best earning at the right time while most of the users expect big and the same makes them hold even when the price has reached the peak price. Later when the price falls low users feel bad of missing out the opportunity to make the best earning.
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June 21, 2018, 06:49:08 AM
 #305

Agreed, always be a little less greedy than the other traders, don't wait to sell in the peak of the pump, set an entry and exit point.
kateryana81
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June 21, 2018, 06:53:10 AM
 #306

While trading we have to follow few rules and without following those rules there is no way to be a successful one except a successful by chance. There are lots of rules of them greedy plays a vital role. While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a lessor.
It’s good to never be greedy in everything you’re doing in life. If you want to make an investment, you should always invest only what you can afford to lose and not what you can’t afford to lose.

Greediness can kill you, you can invest at the wrong time and end up losing what you have which will affect your business and affect your life too, and I did I forget to add that you will regret ever doing that lol. So it’s not good to be greedy.
Getmon
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June 21, 2018, 06:54:31 AM
 #307

While trading we have to follow few rules and without following those rules there is no way to be a successful one except a successful by chance. There are lots of rules of them greedy plays a vital role. While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a lessor.

Greed could be understood in a few ways. Greed could mean that you really want all the gains up to the last Satoshi. I mean you do not want to miss a single Sat in your trades, for example. But your decisions are still based on hard analysis. Or you want to take a huge yet assessed risk in order to achieve the best profit. Those that do not have this type of greed do not want to take huge yet profitable risks. The bad type of greed is to badly want all the gains in the world, to the extent that your mind is already clouded by such desire and nothing else, forgetting reason in the process.

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tesla80
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June 21, 2018, 08:30:23 PM
 #308

After all, this is one of the main reasons of why all the new traders are losing a huge amount of money because of they innnocence, do not be greedy to be lose all

Very good explanation, but this is human nature and psychology, it is really hard to beat yourself sometimes... I faced similar situations before and I understand the mistakes of others who repeats this again and again. There should be something systematic method to win this feel.

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Jorge158
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June 21, 2018, 09:14:31 PM
 #309

This is an important less to learn but the question that always pops up is that how do you know the right time to sell? Mostly in crypto investments, you should set a target based on the nature of the project and when you reach your target price, you have to sell since being greedy can be very dangerous.

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Yawuu
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June 21, 2018, 09:58:50 PM
 #310

This is a golden rule in crypto; you should not be too greedy. When you get your target price, it will best to just sell and enjoy your profit. Being greedy can have positive sides though but a whole lot of negative sides too.
peter_coin
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June 21, 2018, 11:40:51 PM
 #311

The payment for greed most times is huge losses, I've lost massively before while betting, the thought of using very small amount of money and getting huge returns is very amazing, but when the losses come it's always a bitter learning point. I've learnt the hard way.
shone08
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June 21, 2018, 11:54:01 PM
 #312

This is a golden rule in crypto; you should not be too greedy. When you get your target price, it will best to just sell and enjoy your profit. Being greedy can have positive sides though but a whole lot of negative sides too.


This is totally right when you hit the 3% to 10% profit a day then stop and trade again in the next day being greedy can resulting losing your capital in short time thats why it always good to set profit target before starting to trade to avoid being greedy.
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June 22, 2018, 01:17:22 AM
 #313

I think I'm not greedy but I'll just take a chance if I can get a profit and that is my goal to be able to get profit as long as I can still get it and if there is a pace for it then I will take it
There is difference between chance and greed. If you find out any chance coming up for you must be going towards it and achieving it and getting money from it. But if that shows you some reservation and you think things can become out of control, then you must check whether you are not being victimized with greed. If this is so, you better not to go further and stop yourself at that very point.
You right a lot of investors and traders have a reason and alibi that they are waiting for a chance to get a higher price. it will just throw away your chance dude?? we all know. that we want to get the most profit but you don't want get lost bacause of greedy right ? so use the best possible opportunity
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June 22, 2018, 02:39:27 AM
 #314

While trading we have to follow few rules and without following those rules there is no way to be a successful one except a successful by chance. There are lots of rules of them greedy plays a vital role. While trading never be greedy. If you become greedy while trading then you can be assured that there is 90% possibility to be a lessor.



Yes you are right, i think there are two things most common reason why traders failed, for being greedy and afraid to loss,hope everyone could realize that cryptocurrency market and blockchain will not disappear for 1 day just because of some bunch of manipulators have decided to supress  the rate for making money with future contracts,we put in our minds that the market will not disappear,the market is cyclical,theres growth after falling.   
HatakeKakashi
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June 22, 2018, 03:12:53 AM
 #315

If you are trader and if you want to earn and become successfull. You need to follow successfull trader because they know what they do. The few rules in trading is yes don't be greedy because it's not helpful to you because instead of earning money maybe you lose your money. Better if you have some profit just sell it but if you want more profit just hold but make sure you have plan.

 
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June 22, 2018, 03:44:35 AM
 #316

We hear older people say that "greed is bad" do you think that statement is true? If you do not know the stops you will lose everything if you are too greedy we should not greed
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June 22, 2018, 03:46:34 AM
 #317

I'm not sure what kind of greedy definition in crypto. If I just want to get as much profit as it is also part of greed? Because I believe that there are whales who play a bigger game for their own profits, even destroying others but it seems the whales stay on top.
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June 22, 2018, 08:35:04 AM
 #318

I'm not sure what kind of greedy definition in crypto. If I just want to get as much profit as it is also part of greed? Because I believe that there are whales who play a bigger game for their own profits, even destroying others but it seems the whales stay on top.
People are greedy because of money, that is normal because there is a lot of money here, and if whales has the power to manipulate they
will surely take advantage to make themselves richer. But, we should not be greedy if we do not have proper analysis because anytime the price will pump and we might miss in selling our coins because we wanted a bigger profit.

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June 22, 2018, 08:55:57 AM
 #319

Be greedy should be realistic and according to fundamental and technical analysis because many coin possible to going up 10 times just in amonth because the fundamental is strong, and if greedy without control will make loss in big money. Too Greedy is enemy of all investor and trader and many of them can not control it because this human nature. But by long times experience in crypto market we can manage it better.

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June 22, 2018, 08:59:49 AM
 #320

It's okay to be greedy as long as you know that the coin you bought will pump but when you just bought it for sake of buying and you got lucky it pump then I guess you better sell it right after making profit.

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