Greed is bringing loss for traders

[Tsubachuchu]

The fact that mostly of the people in crypto currency is to earn some profit and they are much capable to that, but mostly also there are some precautions that needed to apply especially when you are holding a good alts that you to hold in long term. because mostly of the alts can be more develop and be more valueable  tru years had pass.

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[steveabrahams]

This is indeed a problem for traders, especially if they do not control their emotions when there is an increase. their satisfaction will never exist because they continue to expect a higher increase so that something like this happens

Experienced traders usually know this things and have a strong mental on trading. That's why usually only newbie traders or beginner traders that become greedy and keep holding their tokens even the profit is already big. One of my friend also like that, i give him an advice to just sell his coins because the profit is already good but he keep hold it until the profit become smaller.

[Xxmodded]

Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%

I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$

When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit

What can be done to ease greed amongst investors ??

in my opinion this is a matter of knowledge and experience. and on the one hand humans are very natural to have desires and greed I think this is inseparable.
so, however, we will never predict 100% precisely that the market will fall like last year, the problem is not greed.
well, this is the situation when you can seek profits through short or daily trading if you want to reduce losses

[matej451]

Always set a TP for any trade. When you see going up than is never enough and you are keep saying to yourself just a bit more. And then you end always chasing ATH at this period and you might soon end up in red numbers.

Set TP and never cancel or move it.

[genericlime]

Interesting. I didn't read the whole thread of this post, but other than greed, I think do think it also due to behavioral psychology as well.

I'm no expert myself, but I was just reading about investor's risk appetite a few days back. In behavioral economics, prospect theory suggests that people, in general, are loss-adverse such that people dislike loss more than equivalent gains. e.g. Losing $10 has a larger impact on you as compared to gaining $10. And in order to such negative emotions, people are riskier in loss situation. This is also proven by many empirical studies which have shown that people are riskier in loss situations, and risk-adverse in gain situations.

On the other hand, there's the "house money effect", which suggest investors are motivated to invest more if they've gained from their previous investments over other options such as depositing it into their savings account. As such, contrasting to prospect theory, the house money effect suggests that gains will make an investor more risk-seeking.

Putting into the context of trading cryptocurrency, a man that has gained from his trading activities will, therefore, be more motivated to trade a larger amount the next time due to the house money effect. Next, assuming that he suffered a loss, instead of backing out, he will once again invest more money to trade in hopes to recoup his losses as what prospect theory suggests.

But anyway, this is just a generic example regarding investor risk appetite, which ignores variables such as their personality and type which may play a part as well. Just another way to look at why traders losing because of greed.

If you are interested, one of the research articles I read is this: https://www.hindawi.com/journals/ddns/2014/158386/

[leetcoiner]

Greed is not so bad as you imagine.  Sometimes it is greed that pushes people to incredible actions.  As for me, everything should be in moderation.

[angrybird3591]

I don't know what you mean by greed. But having invested in electronic money, you have to take risks. When you earn a lot of rata, you will be like, I think you are proud that you make the right decision and are good, but if you lose it you blame the money. invested in electronic money, please take risks.

[JCviggen]

I don't know what you mean by greed. But having invested in electronic money, you have to take risks. When you earn a lot of rata, you will be like, I think you are proud that you make the right decision and are good, but if you lose it you blame the money. invested in electronic money, please take risks.

risks are something without which it is simply impossible to be on the cryptocurrency market. And those people who have learned to properly assess their risks will earn big money in this market

[dungp3132]

Less greediness, more patience, and sometimes more luckiness (that is out of your ability to control, not the same you can do as with previous two), will help investors get profitable investment. In contrast, more greediness, less patience, out of luck will lead to terrible losses for investors.

[novusordo]

Naturally, traders come to crypto currency with a loyal and considerate mindset
Which is to make profits from 1% - 50%

I.e a trader of 100$ investments wishes to get 150$ (50$ profit). But when the bull spikes comes in; instead of cashing out their profit, Begins to imagine building mansions and suddenly wants to hodl to 3000$

When they wake up the next day and are left with 25$; they say altcoin is shit, that is shit

What can be done to ease greed amongst investors ??

You are right. If you want to be a successful trader, you have to have the practical skills and more importantly, you have to be disciplined. I learnt this from my mentor and it has been helpful ever since

[BeGoods]

losses due to greed are common because they want to get more profit and in conducting our trade we are required to continue to monitor the price movements of coins that we trade so as not to miss the opportunity to throw away.

If people do not have control on themself then they may incur huge losses as trading requires a discipline and you should set the goals and once you achieved it you should buy/sell accordingly rather than waiting for too long to price rise or fall .

if you have a greedy nature then you have to make a price target for your trade, because greed is indeed very detrimental to anyone, greed will only bring results that are not maximal even loss, it is better to use your common sense to make choices, rather than using greed to make choices

[skivrmt]

losses due to greed are common because they want to get more profit and in conducting our trade we are required to continue to monitor the price movements of coins that we trade so as not to miss the opportunity to throw away.

If people do not have control on themself then they may incur huge losses as trading requires a discipline and you should set the goals and once you achieved it you should buy/sell accordingly rather than waiting for too long to price rise or fall .

if you have a greedy nature then you have to make a price target for your trade, because greed is indeed very detrimental to anyone, greed will only bring results that are not maximal even loss, it is better to use your common sense to make choices, rather than using greed to make choices

The best plan is an enemy of the good one. Greed makes you looking for the best one losing many chances for a good enough profit. So price targeting is really a good option for greedy traders to avoid losses.

[jigawagawa]

Greed is evil, it's the reason why many projects are out for just business as usual, and without making extra efforts to develop their products and stuffs. What I think is greed can not be totally eradicated but it can be curtailed to a large extent so long as SEC and other concerned bodies start taking proactive measures against culprits

[jademaxsuy]

No not at all, probably you are stating those low patience wanna be traders. Look a real trader does not make losses instead make some gains. This why they called traders because this is where they are good at. Though we know that trading is not easy but still one can make more money out of it.

Trading just requires good market price prediction and patience also especially in this times where bitcoin has high volatility.

[jigawagawa]

Greed is evil, but sometimes it's a good thing. Greed has made me lose close to 60% of my capital, and it was also made me some good fortunes. Greed is good, one only needs to know when to be greedy and when to be contempted.

[Yahiris]

Until the trader himself understands that he should not be very greedy in the market, he will lose a lot because it is too late to sell his coins, personally I think you should never regret in the cryptocurrency about what he did

[Nezerlan]

Nothing can be done. Greed is personal to every human being. We all have greed. But it is manifested on different levels. I think experience teaches people to learn how to control themselves when trading. The best traders are those that lose and learn from their experience

[unbotak]

Nothing can be done. Greed is personal to every human being. We all have greed. But it is manifested on different levels. I think experience teaches people to learn how to control themselves when trading. The best traders are those that lose and learn from their experience

because if we want big profits we really have to have strong desires and it's not bad if it makes us greedy as long as it's normal, I don't think that's a problem.

the most important thing is that we invest through observation so that even if we are greedy it is not a stupid decision.

[Maamejane]

One exciting thing is to watch your money grow, it will never come into your mind to withdraw. Sometimes you could watch your monies grow for over !00% and still you will see people holding.. lolx.. they just want break the system such that they never lack financially.

[BADBITCH]

Greed is evil

There is nothing evil in crypto currency; it’s called principles

At about few weeks back and also last year, dgtx was good value
But what’s happening today?? It is 80% negative and dumps

So it’s all your choice when it comes to greed, but it is not evil