Never Be greedy!

[tesla80]

Another greed recommendation;
Do not use unknown web sites / bots for more and more money.
Some web sites are malicious and they inject viruses into your computer using phishing and they steal people's money.
So some are expecting more profit, but losing all the money!

Don't be greedy, first protect your security, second protect your privacy, third hold your wishes and greed.

[coinplus]

If you want to successful in the crypto industry then it is important for you to keep it for long term and the patience is key to success so never be greedy don't think in short run.

Pretty much the way most especially even if you are a trader. I have never been a fan of day trading or doing some quick bet on the market. I believe in trend following and I am always pleased with the result. It is a strategy and as long as everyone can have their strategy and stick to it, I am sure; greed will even be the last thing to think about.

The reason why a lot of people get greedy is because they never know when to even sell in the market and they probably must have been lucky to even buy low or buy a moving train and that brings in emotion which may eventually lead to greed.

[SvonioneFromMangoCoinz]

Snap up opportunities that presents itself. Have a specific profit % that can be raised or lowered depending on how propitious the trade is. For me, you can be greedy but always be logical

We can not predict how much the price will increase, more or less, so we have the right to be greedy. But it is only greed in some cases when we buy low rates rather than purchase coins at high prices

[Greed Dev]

Greed is double edged sword, it could be good or bad depending on the part of sword you are using! Without greed you may not really think wide and far enough for you to achieve greater price for you holding!

Agree with your opinion. Greed is a double-edged sword. As luck would have made some huge profits. But if we are not lucky and sell at the right time when the price is high, then we will regret not selling

[Alvaro094]

Be fearful when others are greedy, be greedy when others are fearful Warren Buffett. this is a doc moment looking for be greedy

[emberbekas]

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.

Placing a target can help us avoid greed. Sell as soon as we reach our target. There is a good example of the previous price fluctuations when ethereum reached about $ 1400. Some of my friends continue to hold the ethereum and expect prices to go up but they have no targets at all. Currently they are crying because they have lost a good chance to make a profit.

[Driggers95]

yes you really should never to be greedy because if you become greedy you seem to get the loss because it is too greedy, better to take advantage of just enough.

Selling in time and knowing how to buy in time makes us more money than greed. I remember once I had hoped the Executive Board would increase to $ 3,000. I purchased the BCH at $ 800, and when the price went up $ 2000 I did not sell

[BarbieCasino]

I have a rule, to cash out big part of profits when it hits +50%. I haven't seen such prpfits for a while, so I hold till I reach to them.

Trading and earning is all about maximizing the profit. Once you are in the market, you are better the person who focuses on the cost and profit analysis. This is how people work in business. There is no concept of greed. You set your own target and once you achieve it, you do extra things to stay motivated. Once you have enough financial freedom, you fine ways to get going in the field and that sometimes lead to altruistic works as well.

[VclDm]

Be fearful when others are greedy, be greedy when others are fearful Warren Buffett. this is a doc moment looking for be greedy

This is a great quote from the wealthy investor Warren Buffett, choosing the right time to invest when the market fluctuates is his secret of success. I am also learning from this market day by day because it gives me great feeling when choosing the right coin and the right time.

[chichigirl]

I think it is not being greedy but instead choosing the right time to invest and if you think that you are right and confident from what you are doing then go for it and face the results of your actions.

[goaldigger]

Well said. Most of the people who want more than what is enough end up either loss or struggle to have some. They envy those who have more and putting themselves on their shoes hoping to get more too. They have no contentment at all and do what it takes just to have what they want.

[AtlantaFive]

Being greedy is bad because it can result in different outcomes. For example if you have invest and your investment hits 50% up in your profit then the next thing to do is to sell it now for profits but eventually you will only hold it and wait for it to make 100% and as a result the price dump and the worst part is you won't profit and will lead you to a negative profit. I experience this before whenever i do day trading. I always wait for more then always ends up not to profit. Now i change a lot because i always see that scenario in the past.

[futile-resistance]

For example all the traders look at the RSI when points 80 or more to sell, but you can do it at 63 - 70 area to avoid some risk.

Greed is your enemy!

There is a famous saying that greed is curse and that this statement remains valid in all the situations. You must be sure that you are keeping your emotions under your control and that none of your decision is based on your emotions. The moment you will lose control over your nerves, you will then not be able to think properly and that you will then be suffering some huge loss as well.

[marlo1001]

This is very wise, because many guys are entering crypto just in order to have more and more money! It is not the best way here!

[KingdomHearts]

Op did you actually faced greedy situation??? If yes, did you made profit or made loss??? In crypto trading greedy attitude is important but one must be aware with the market tactics to take advantage of being greedy.

Yes, I faced greed because in last year I made lot of money when bitcoin was at $19k but I though the price of the coin increases even higher value and now the price decreased a lot.

A wise man will cash the money he needs and will hold the remaining. Once you are in the business, you have to forget this greed thing. You only focus on profit maximization and a loss in the business is not just because you have been greedy but because something in the market goes wrong or you make a bad decision or the market due to any external shock moves to disequilibrium. There are many reasons. Greed is nothing but crossing the line. As long as you are in the limits, you are safe.

[fullhdpixel]

unfourtunately this was my mistake during the huge price rise in January, I have had tripled and more my investment and wanted more, now it ended with -6x of my capital.

Too bad for your loss brother and too sad because you've learned your lesson in a hard way. Truly, being greedy will just lead us to losses that we aspire to be our profit. So if you already profited enough then sell it and just buy back when it gets dump. Learn to have a target so you can sell at the right time.

Trading is all about maximizing you profit keep a limit in the mind. The market helps you set a limit and keep going until you achieve that limit. Greed I think is the second name of achieving unlimited financial resources and nothing else. Besides, as long as you are having perfect information, you will never loose by trading. You loose only when you act foolishly and not according to the set strategy.

[george888055]

It's a huge mistake. I would say lots of people are not able to control their greed. As Warren Buffet said - be fearful when others are greedy and greedy when others are fearful.

[Froloff92]

Greed is a character that we traders must discipline ourselves to avoid. Humans naturally like to acquire money at all times but we have to restrain ourselves even when the trades are bullish  by deciding when to take out what we have made.

[Korkorjkk]

In trading, you dont have to be greedy. All you need to do is to follow the exact rules. You don't have to want everything for yourself. At a ponit in time, if after selling your coins, you realize that the price goes higher, you dont have to be agree with yourself.

[EMRO CEO]

the topic is so true, when you start being greedy you dont think clearly. I read an article a guy wrote about how he went from loosing all his money to earning a decent monthly income by not being greedy. Instead of trying to make those big % profits a day a scaled down to try and make 1% profit a day. If you can do that with a coin and reinvest that 1% it starts to compound over time and 1% becomes 10% by just being patient.