Avoid being driven by greed

[zhengqi]

Yes, greed is sometimes very destructive. Sometimes I meet different stories of people that they regret that they did not sell the coin in time and now it costs very little. I believe that if the price suits you, it is better to sell. You can always buy this coin again when the price drops. Even if after the sale the price will continue to increase, you do not need to regret it. It's better than if you lost money because of greed.

[vv181]

Here is the problem, mainly people see cryptocurrency volatility as their train to get rich quick. The perspective that mainstream has need to be changed to purely usage the benefit and advantage the core usage of cryptocurrencies rather only using it as an investment asset.

[metalglowd]

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.

usually those who are difficult to control mentally to not be greedy are those who often play with betting. (sorry if it is offensive), but all the friends in one of the telegram groups that I know are right. they feel the money they spend is not valuable so they will use all of that, if the profit continues, if they lose then let's deposit again.

[samcrypto]

Here is the problem, mainly people see cryptocurrency volatility as their train to get rich quick. The perspective that mainstream has need to be changed to purely usage the benefit and advantage the core usage of cryptocurrencies rather only using it as an investment asset.

We cannot blame them, they are really making huge profit because of that.
I know mass adoption will going to happen in the future but greedy people will always find a way to make easy money and if people keep on staying in this market without enough knowledge, for sure they will fall in this trap and lose their money later on.

[9jaflick]

Greed it a common phenomenon among the crypto traders, must traders do sell unless they see 50% profit upwards, which is very wrong.
10% profit is huge, I don't see why one will be greedy. Take the little profits you can get your hands on and stop expecting the unexpectable

[tuthienloc92bk]

We can not say that they are greedy or not. Because it's a boundary between belief and scared. They believe in their analysis and they hold and wait for that moment, if they succeed, everyone call him a good trader. But if he fail, you call him greedy man.

You predict that will reach $20000/token but you sell at $5000/token and it really reach $20000. You think you are not greedy but everyone will think you scare.

So don't judge anyone.

[SamboNZ]

Greedy investors will keep coming and coming, they see crypto as a gate way to fortune but instead, it will be the cause of their downfall. They underestimate crypto and the only thing that's in their minds is the profit they will earn. Most of them doesn't know what their engaging and they are also the easiest prey of the scammers.

[Jamesdila1]

yes people are happy with 5% years in banks but unhappy with 10% in weekly profit. crypto always do not give you 10000% profits. but you can always catch 10% to 20% profits easily and increase your holdings value. then wait for your holdings to increase 5X to 10X and then sell it