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Author Topic: Avoid being driven by greed  (Read 111 times)
Denreal (OP)
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September 26, 2018, 09:16:40 PM
 #1

Greed is the root of downfall. Most of those that have left the crypto space today or that have lost hope in cryptocurrency were mostly driven by greed.
This happens sometimes when some are trading, they would see profit, but will decide not to pick it. Instead, they will be looking for 1000% profit. Little do they no that no matter how a coin increases in price, it will still retrace.
Pick your profit with all modesty and allow others to take it up from there. Do not be greedy to feel you can take all the profit for that trade.
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lifesgood10
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September 26, 2018, 09:21:45 PM
 #2

I think you have gotten it wrong, in crypto currency there is need to be greedy

BUT

You need to be greedy at crucial points
For instance, be greedy to buy several coins dumped and Hodl for your profit
Be greedy to buy the news and sell the rumours
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September 26, 2018, 09:29:38 PM
 #3

Not only in cryptocurrency but also in every step, every option of our life, we should not be greedy. It is harmful to us, our family and the social life. Now, when it comes to cryptocurrency, it can take all our investment just for a single mistake like investing in high ROI (mostly unrealistic) projects like most scam masternode offers. We cannot become a millionaire overnight, remember this and work hard.
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September 26, 2018, 09:30:19 PM
 #4

Greed is the root of downfall. Most of those that have left the crypto space today or that have lost hope in cryptocurrency were mostly driven by greed.
This happens sometimes when some are trading, they would see profit, but will decide not to pick it. Instead, they will be looking for 1000% profit. Little do they no that no matter how a coin increases in price, it will still retrace.
Pick your profit with all modesty and allow others to take it up from there. Do not be greedy to feel you can take all the profit for that trade.
yes after every good day we see some bad ones but it does jot mean that we should not enjoy time of happiness

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September 26, 2018, 09:31:04 PM
 #5

Not only in cryptocurrency but also in every step, every option of our life, we should not be greedy. It is harmful to us, our family and the social life. Now, when it comes to cryptocurrency, it can take all our investment just for a single mistake like investing in high ROI (mostly unrealistic) projects like most scam masternode offers. We cannot become a millionaire overnight, remember this and work hard.
that os true we should not he greedya nd we shpuld take as much as possible from every trifle thing and know how to enjoy the moment

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September 26, 2018, 09:31:55 PM
 #6

Greed is the root of downfall. Most of those that have left the crypto space today or that have lost hope in cryptocurrency were mostly driven by greed.
This happens sometimes when some are trading, they would see profit, but will decide not to pick it. Instead, they will be looking for 1000% profit. Little do they no that no matter how a coin increases in price, it will still retrace.
Pick your profit with all modesty and allow others to take it up from there. Do not be greedy to feel you can take all the profit for that trade.
it is a little bitt pessinmistic it is like we shpuld alwayd wait for the worst hut i agree woth you in a way and i understand

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September 26, 2018, 09:32:42 PM
 #7

Not only in cryptocurrency but also in every step, every option of our life, we should not be greedy. It is harmful to us, our family and the social life. Now, when it comes to cryptocurrency, it can take all our investment just for a single mistake like investing in high ROI (mostly unrealistic) projects like most scam masternode offers. We cannot become a millionaire overnight, remember this and work hard.
that os true we should not he greedya nd we shpuld take as much as possible from every trifle thing and know how to enjoy the moment
that is true and if we will always think that the bad events are ahead we will jot he able to enjoy the present the beautiful present

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Bonwin
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September 26, 2018, 09:38:42 PM
 #8

I think you have gotten it wrong, in crypto currency there is need to be greedy

BUT

You need to be greedy at crucial points
For instance, be greedy to buy several coins dumped and Hodl for your profit
Be greedy to buy the news and sell the rumours

Do not encourage others, most especially newbies to be greedy in whatever they do. It is the law of nature. Greed has it repercussions. If care is not taken, with greed, you can loose all your investments. I have a typical example of such.
A friend of mine invested into crypto and was caught by fomo. He saw the coin increasing in price and he thought it would continue. I advised him to sell, but he refused and said it might increase more. Just in few hours time, it started plunging. Instead of selling, again he said, it might rise back. It is quite painful today that he lost what he invested into the coin, because it was later abandoned by the developer and it became so useless.
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September 26, 2018, 09:40:27 PM
 #9

Greed is the root of downfall. Most of those that have left the crypto space today or that have lost hope in cryptocurrency were mostly driven by greed.
This happens sometimes when some are trading, they would see profit, but will decide not to pick it. Instead, they will be looking for 1000% profit. Little do they no that no matter how a coin increases in price, it will still retrace.
Pick your profit with all modesty and allow others to take it up from there. Do not be greedy to feel you can take all the profit for that trade.
that is true when you always want more you will never be satisfied with what you have now so i think that ypu should be modest
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September 26, 2018, 09:41:14 PM
 #10

I think you have gotten it wrong, in crypto currency there is need to be greedy

BUT

You need to be greedy at crucial points
For instance, be greedy to buy several coins dumped and Hodl for your profit
Be greedy to buy the news and sell the rumours

Do not encourage others, most especially newbies to be greedy in whatever they do. It is the law of nature. Greed has it repercussions. If care is not taken, with greed, you can loose all your investments. I have a typical example of such.
A friend of mine invested into crypto and was caught by fomo. He saw the coin increasing in price and he thought it would continue. I advised him to sell, but he refused and said it might increase more. Just in few hours time, it started plunging. Instead of selling, again he said, it might rise back. It is quite painful today that he lost what he invested into the coin, because it was later abandoned by the developer and it became so useless.
i think i catch what you wanted to say and we need to be ambitious at soem crucial points but not greedy in a bad meaning
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September 26, 2018, 09:42:42 PM
 #11

I think you have gotten it wrong, in crypto currency there is need to be greedy

BUT

You need to be greedy at crucial points
For instance, be greedy to buy several coins dumped and Hodl for your profit
Be greedy to buy the news and sell the rumours

Do not encourage others, most especially newbies to be greedy in whatever they do. It is the law of nature. Greed has it repercussions. If care is not taken, with greed, you can loose all your investments. I have a typical example of such.
A friend of mine invested into crypto and was caught by fomo. He saw the coin increasing in price and he thought it would continue. I advised him to sell, but he refused and said it might increase more. Just in few hours time, it started plunging. Instead of selling, again he said, it might rise back. It is quite painful today that he lost what he invested into the coin, because it was later abandoned by the developer and it became so useless.

i agree with that. but here in crypto, you are surrounded by greedy persons. it's all about the money that they can get. or maybe, it's okay to be greedy but you should know how to take care of your sh*t. if you will not take care of your own business, no one will.
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September 26, 2018, 09:56:37 PM
 #12

Greed will always leave you dissatisfied because you'll never be able to get everything you desire. Greed never allows you to think you have enough; it always destroys you by making you strive ever harder for more. But fear is a far more likely candidate to be the root of all evil...
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September 26, 2018, 10:19:12 PM
 #13

You are right greed have left so many investors in loses today and many of which are no longer in the crypto space today, greed is what most time leads to fraud and scam which has so much negative impact on the image of crypto today. Life is not always as a win win game we have to learn to also take modesty as an option even duo we have the chance to push forward, always know when to strike no Matter how low your interest is.
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September 26, 2018, 10:27:52 PM
 #14

Not only in cryptocurrency but also in every step, every option of our life, we should not be greedy. It is harmful to us, our family and the social life. Now, when it comes to cryptocurrency, it can take all our investment just for a single mistake like investing in high ROI (mostly unrealistic) projects like most scam masternode offers. We cannot become a millionaire overnight, remember this and work hard.
that os true we should not he greedya nd we shpuld take as much as possible from every trifle thing and know how to enjoy the moment
that is true and if we will always think that the bad events are ahead we will jot he able to enjoy the present the beautiful present
So many greedy especially these whales are pumpin the market anytime, becomes a greedy person in trading will give bring you in the worst situation when you have been getting trapped by the market and you can'e leave it. And then this has become the main thing.

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September 26, 2018, 10:33:19 PM
 #15

Greed will definitely lead to fall down.

Too much greed will push to expect higher price and will forget you to take profits. And by that time, when the prices are high you will never take profit because you are not comfortable so tendency you will not sell. As time passes, you will see the price goes down and you will regret that you never sold.



 

 

 

 

 

 


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September 26, 2018, 10:54:12 PM
 #16

Whoever is greedy can easily be trapped into huge loss if care is not taken. I am not saying you should not desire to have a good project, but coins are always different in their nature. Even at that, greed can cost a lot.
Imagine what happened during the last bullrun. So many people were rushing to buy more. Those already had huge profit thought the growth would continue, but today, it is a different story.
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September 26, 2018, 10:55:33 PM
 #17

Greed is the root of downfall. Most of those that have left the crypto space today or that have lost hope in cryptocurrency were mostly driven by greed.
This happens sometimes when some are trading, they would see profit, but will decide not to pick it. Instead, they will be looking for 1000% profit. Little do they no that no matter how a coin increases in price, it will still retrace.
Pick your profit with all modesty and allow others to take it up from there. Do not be greedy to feel you can take all the profit for that trade.

It always happens to me, everytime i made a profit in trading, and it happens that i loss a lot because of greed, a greed to invest more to the point where i can lose my capital just for the thinking of earning the high profits, but this time, i could be more wiser, as the markets keeps on falling. Greed should be controlled based on my experience.
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September 26, 2018, 11:00:50 PM
 #18

Greed will always leave you dissatisfied because you'll never be able to get everything you desire. Greed never allows you to think you have enough; it always destroys you by making you strive ever harder for more. But fear is a far more likely candidate to be the root of all evil...

It's not appropriate if we're going to be greed in most certain cases with cryptocurrency. If you want to succeed, you should have to be more courageous on every aspects of life specially when you're trading at higher risk. Be brave and face the challenges, because as you desire for much higher or quicker profit you'll turn out greedy.

 
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September 26, 2018, 11:09:49 PM
 #19

Greed i your worst enemy when it comes to making money (specially making money online).
I've been through that in Forex & crypto & i know the feeling.

if you don't make sharp & straight forward goals / take Profit & stick with it no matter what the temptation, sooner or later you'll be out with 0 profits.

Having strict Take Profit goal is the best you can do to have real profits, rinse & repeat.
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September 26, 2018, 11:09:58 PM
 #20

The cryptocurrencies market is very unpredictable. So, it is better to not always trust this market. Everything is not going to go as we want. But Given this unpredictably, greed can be sometimes good. If some one had bought some bitcoins in 2010 and was greedy and had not sold the bitcoins till 2017, would become a really rich person.
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