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Author Topic: Do Not be Greedy  (Read 5079 times)
developer101dev
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September 07, 2018, 04:58:58 PM
 #141

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

In my own opinion, the best way to earn profit is investing when the market price is really like what is happening right now so you will not be needing to worry about how much profit you will earn since after the dump is pump.
bitcoinposts
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September 07, 2018, 06:04:26 PM
 #142

control greed and human emotions are more important in trading we can't expect all the profits at once we can see profits only when market is bullish in positive trend
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September 08, 2018, 06:11:11 AM
 #143

Completely agree. Keep in mind that after each big move, there are long market adjustments. Sell when you can  get 20-25% profit and wait till next adjustments to buy again.

I would say that a business is all about maximizing your profit irrespective of what people might call it. There is no such thing as greed in the business. It is just that one should set a goal and upon achieving that goal should remodel his plans and strategies for another shot and so on. The more you earn, the better off you will be. There are people whose Bitcoin worth billions of dollars but they are still holding it.

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September 08, 2018, 08:59:53 AM
 #144

At the present time the bitcoin price is low today and with the ethereum similar to falling prices now so it's not too greedy to price their coin at an expensive price.
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September 08, 2018, 11:25:59 AM
 #145

Depend on the people profit trading target that some of them expect profit more than 50% but some of them can accept profit less than 20% but indeed rather than being greedy and expect 95% profit then people have to realize that profit from trading is unpredictable and as long as we're not loss i think i can accept those percentages
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September 08, 2018, 12:30:27 PM
 #146

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

Your call mate but yeah it's one of the basic discipline in trading but it's better to follow your trading plan. I'd say maximizing profit is a way to go as in crypto space anything is possible. You have to set your tolerance ofcourse so that you can also secure enough profit. So what's this maximizing profits? So you have to base your trail stop at the last price point. This is the reference point given that you gain like 5% from it or any number  then if it hits another level of gain, say 7% so if it goes back to 5% that's your stop.

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September 08, 2018, 12:33:07 PM
 #147

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful
I do not agree with you. if I play on the long run, it does not mean that I'm greedy. I just used to wait a long time and I can wait.

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September 08, 2018, 12:44:55 PM
 #148

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful

Yes this is applicable for short term traders who basically want to sell off their tokens for daily needs. If you are in a crypto scene 20% just a bare minimum look at late 2017 more than 100% being increased rapidly. So if you want to take risk so be it and much more greater reward is coming.
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September 08, 2018, 02:42:18 PM
 #149

agree with your statement the plan is good for people who want to play in a safe zone. However, most investors are in the crypto market to get rich quickly. 20% might look good for people who do this on the side, but the other person's plan is, the greater the risk, the better the reward. And cryptocurrency not only reaches 95% + profit, in the long run, but humans are sometimes greedy not enough with the benefits that there are only more and more
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September 08, 2018, 02:58:30 PM
 #150

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful
True!!!! Don't be greedy as mostly greed leads to huge losses. A very good example for this is that famous story named 'The greedy dog' Grin . So be a human being , don't become greedy dogs Cheesy. Don't wait for 100%-200% hikes, just sell your coins at 20%-30% profit. Crypto is highly volatile, you never know when you will loose your wealth.

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September 08, 2018, 04:26:35 PM
 #151

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful
Absolutely agree with you. This is right strategy, especially in  the current situation.  Personally now I even try not to leave any open positions before I go to bed. I try trade and fix only during the day, when I don't sleep.
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September 08, 2018, 04:41:40 PM
 #152

In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful
I agree on your opinion being greedy person won't be good for trading because I experienced it I was too greedy with profits because I was aiming too high in short terms and I missed all the chances to earn bitcoin instead I was losing.

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September 08, 2018, 04:43:59 PM
 #153

I THINK 's easy to say that don't be greedy but it's actually very hard to control yourself from greediness
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September 08, 2018, 04:56:29 PM
 #154

I THINK 's easy to say that don't be greedy but it's actually very hard to control yourself from greediness
It's not easy to stop or control yourself from greediness, especially if you're just a newbie, we all experience that stage, but when you become more experience I think you can control it. It's normal for new investors and traders to be greedy at their first time, because it's their first experience to earn a lot.









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September 08, 2018, 05:31:27 PM
 #155

Sure, that's a good plan for people who want to play in the safe zone. However, most investors are in the crypto market to get rich quickly. 20% might seem good for people who are doing this on the side, but others' plan is, the greater the risk, the better the reward. And cryptocurrencies don't just reach 95%+ profits, in the long run, 1,000%, 5,000% or even 10,000% are not strange to the crypto scene.
It is not a bad decisions to rely on the middle or on our comfort zone the thing is we really need to be comfortable on our trading and investment because if we stress ourselves and think about the possible risk and change we could have all we would do is to panic and to make a bad decision in the end.
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September 08, 2018, 06:09:01 PM
 #156

Sure, that's a good plan for people who want to play in the safe zone. However, most investors are in the crypto market to get rich quickly. 20% might seem good for people who are doing this on the side, but others' plan is, the greater the risk, the better the reward. And cryptocurrencies don't just reach 95%+ profits, in the long run, 1,000%, 5,000% or even 10,000% are not strange to the crypto scene.
It is not a bad decisions to rely on the middle or on our comfort zone the thing is we really need to be comfortable on our trading and investment because if we stress ourselves and think about the possible risk and change we could have all we would do is to panic and to make a bad decision in the end.
If we will all become greedy then there is nothing it can do with the bitcoin life that is why we need  to be the shoulder and helping hands of each other, we need all to share ideas for all of us to become successful here, if we will not help each other I don't think cryptocurrency will exist forever.
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September 08, 2018, 06:16:06 PM
 #157

Someone watching the exchange of cryptocurrency is the main job. It is possible to monitor the market 24/7 and make a high profit
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September 08, 2018, 06:31:11 PM
 #158

Greed is not a good friend to the trader and since it is part of emotion it needs to be tamed. When a reasonable profit margin capped your entry point it is the best time to run home. When you stay more than necessary in the market it always turn to loss. Be patient and less emotional that makes a better trader.
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September 08, 2018, 07:00:46 PM
 #159

Greed is not a good friend to the trader and since it is part of emotion it needs to be tamed. When a reasonable profit margin capped your entry point it is the best time to run home. When you stay more than necessary in the market it always turn to loss. Be patient and less emotional that makes a better trader.
Greed is good as long as you know how to handle it, in trading, you must aim for a high goal in life for a better future.
Tradings are depended on you, research is a good alternative way on this to gain more profit in trading.
And most especially those traders did not get to sleep always there a watching the market while having coffee.

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September 08, 2018, 07:11:12 PM
 #160

People are making a profit on the daily basis. Something that you think of greedy act, for someone maybe isn't. it is very difficult to realize when you are becoming too greedy. It is good to want more but in some boundaries. There must be a point when you say to yourself when is it enough.

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