Greed is bringing loss for traders

[muratsink]

I think, no one can stop their greed, the humans are greedy and never satisfied, only FUD and negative influences can stop their greed. because FUD makes the market fall.

and they will choose to be quiet and they can only create small and slow trades.

[Quantum907]

Yes right, in a market condition that is still red and unpredictable, we have to determine the target, if we have got the target profit, immediately buying or selling is an option that must be done, always planning in work will make us successful.

[zidanw]

This is indeed real and I have experienced it myself and it will become a learning for myself so that I am not greedy in making the take profit target so that it is the loss we will get

[zemper]

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 ??

Negative holding and trading experience can make greedy investors to change their strategy. After a several big losses investor will have to suppress his greed and start to think over every move to avoid the same mistakes.

[Danslip]

Honestly, I never put that effort to such trade if there is no return on the investment as planned. The greed is good as it was already surrounded by leading financial analysts(like GEKKO in Wall Street movie).

[meanwords]

It's their own fault for being greedy too much. It really depends on the person on how disciplined he is in order to control greed and trade properly. People are naturally greedy in nature, but we are a rational being. We have our own mind to be able to overcome this kind of things.

[el kaka22]

I don't want to do the whole "greed is good, greed for lack of a better word is.." nah, that is gordon gekko and I am not him, greed is not something that we look for, its not the actual reason why we do things we do, but what we need and our goals do require a bit of greed.

When you create a new coin you are greedy and you think others haven't seen the ways you seen and you want funding so you can go build the thing you wanted to build and not only build it but have most of it as well and than improve it, hire best developers, great designers, amazing marketers and have a cult following, you want to be a god.

Now, because you are greedy, it sounds super greedy but its because you really think it will help the world. You are doctor doom, your motive is justified but your actions are not.

[Sum24]

Greed has cost a lot of us. Many of us would have done things differently if given the opportunity again. Many times you could have taken 5% or 10% profit but instead choose to hold and in the process get rekt.

For sure it is our nature and man has this nature to be greedy sometimes, as when the price rises we see then we want to become rich faster and in doing all this we sometimes lose the opportunity of huge profit for the sake of just temporary profit, so I personally never let my greed spoil my benefit and I try to hold until the price rises to the peak.

[Wale777]

There is one thing that every trader need to note that with crpto it is not possible to get maximum profit, having this at back of your mind you'll eschew greediness by trading your coins when the value of your coins increase marginally other than waiting for thousands percent profit and lose your investment in the process

[AhmadM]

All Crypto people are here for make some money without some real investor. Altcoins won't be never shit coin, only greedy crypto people tell others this talk.

What are you talking about? Are you still have big trust in altcoins? Don't you know most of altcoins are shitcoin and only suit for short-terms hodl. If you hodl it too long altcoins only become dust in your wallet.

[Astvile]

Greed brings loss for all people not just traders,all people strive to earn more and more money in easy ways,believing that something can earn them that millions in just a blink of an eye.We cant teach them how to be not greedy only their exeperiences will teach them the hard way

[DeathProxy]

Trading with emotions is what cause loss most at times. Greed also is a big bottleneck in crypto trading many people after meeting their target tends to go futher qnd increase their profit at the end they end up lossing all

[bountylayomi]

I personally have been wounded several times as a result of being greed in the crypto market. I just can't really figure it out how not to fall victim of greed in this business. We cannot totally do without it.

[Emmy92]

You are right, greed has led many into losing big time. I think in order to reduce loss, there is great need to change our mindset. Contentment is key, be satisfied with your little gain and exit the trade.

[Ifemini]

Greed is the most complicated issue with crypto traders
And it is as a result of placing so many hope on the price on a token when profit was supposed to be cashed

Dyor

[demonz666]

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 ??

yes you are right most people think trading or crypto investing is a way to get rich quick. so they always hold the coin and hope the price will rise even higher. and in the end nothing will get. because the coins we hold down dramatically after the increase. so it's better if the coins that we hold have gone up a few percent 30% - 70% we sell we take advantage. and invest again, fortunately little if collected will be a lot.

[anafiene]

This is definitely greed that will make losses and disasters for traders, we must be careful in trading not to get caught up in a situation that would destroy us, it would be better to trade wisely and honestly even though the results are not as we expected

[Viper_Unleashed]

Generally day traders and swing traders follow the trend and had already set their buying and selling target.Follow the charts that's why I always prefer doing that even though if I heard and news about hyping the coin.The market is driven by just two emotions-fear and greed. Although this is an oversimplification, it has always proved to be fruitful.Just as scrapping your investment plan to hop on the latest get-rich-quick investment can tear a large hole in your portfolio.Always making trade on facts and charts is safest way.Trading with emotion will definitely incur loss.

[The Cryptovator]

Yes look like OP opinions is right. Greed is the one of reason for lose fund on trading. Especially new traders are mostly doing this mistake. I think it's enough to exit from trade once you already have 10-30% profit. Who know when it will dump again. So if you sold on this profit then at least you will not be on lose even you are not able to get high profit if in case bump again. On the other hand you can enter another trade once you will exit for one trade. So it's better to avoid much expectation and gree on crypto trading.

[sopanbmp]

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 ??

that was true, like me when i'm still a newbe in crptocurrencies, I always use my emotion and greed when I were in profit  and never do research and analysis with market cycle.
its the most great regret in my life.