Greed is bringing loss for traders

[OluwaTosin10]

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 ??

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[bigcash2011]

You are right and i think this is natural and probably due to the high volatile nature of crypto market especially during parabolic bulls even 100x to 1000x targets seems reqlistic but personally i agree that we have to take some profits in between like we can take some percentage of profit at a certain price level then a little at next level this way we can withdraw our initial investment and profit and still hold some coins for long term and bigger profits.

[zeze18]

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 ??

It's not always can classified as greed.
Many people wants long trade such as keeping their investment for years, also this type of traders is successful trader with 100x times ROI

[motienvolam]

There are at least three characteristics that will mostly lead investors to losses: greediness, fearness, and impatience.
Now, let's look deeper to each charateristics among the threes.
1) Greediness: it might cause FOMOs when investors see price rockets up a lot in short period of time, then they eventually decide to jump immediately to join the ride. Maybe they make decisions within minutes, without further investigation on which reasons force price move up fastly. Unfortunately, most of the time, they join ride when price almost hit its spikes and will end with taking loss or have to wait for too long to cash out at their bought price.
2) Fearness: will lead them to take loss when price nearly falls to bottoms.
3) Impatience: will restrict their times to buy at lows, and in turn increase risks to buy at highs.

[Thanasis]

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 ??

When people don't have any knowledge about crypto trading but still they want to make profits by buying and selling at the random time frame which is nothing but gambling so you can't say anything when you face losses because you re not prepared for it.If you want to control your greed and start making money try to use indicators and only keep the profit margin as small.

[Red-Apple]

this is not exactly "greed" it is called newbishness.

because when you are a newbie you obviously don't know what is going on. so instead of using your experience (which doesn't exist for newbies) they have to rely on their emotions and the advertisement they read from other pumpers that are fooling them. as a result they end up thinking they can make more money and continue bag holding instead of cashing out.

[tomahawk9]

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$

That's not a Trader, that's someone who doesn't know what he's doing.

What can be done to ease greed amongst investors ??

Nothing. They need to learn from their past mistakes in order to improve their skills in the cryptocurrency market, experience = better chances of getting positive results.  But a smart investor or trader should know how to take advantage of prices swings, any trader losing money because of the current dip is clearly lacking skills.

[pooh95]

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 ??

Greed will not disappear; This is the first thing that attracts people to cryptocurrency, the opportunity to earn. As for making a profit, everything is simple - everyone should experience all the errors on his own, and if he leaves cryptography later, I think this is not a place for the greedy and the faint of heart;

[luthvie]

its a normal for human nature, when some traders tasting a big of profit, the feel of want more will coming, thats it the greed, 1 day he feel happy of profit, the next day he will sad because want more profit but honestly getting loss.

[herurist]

There is no problem for me, greed must be there, but that's where people have to know about the risks that are being faced at the moment, to be honest I'm shocked at this price drop.

[ariyzt]

that true, being trader should know if pumping like 100% or more is something rare happend on crypto except there is good news that can bring that pumping. so better lower you target sell before do trading

[Bagaji]

Greed is actually bringing losses to some people though there are some who are making good money as a result of the same greed in the crypto currency market. Most of the things that actually makes people loss i don't see it as a greed but lack of money management planning.

[Pamadar]

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 ??

Emotions is the very tough competitions inside this market, we are all dreamers and wanted to achieved profits, like what you just illustrate traders forget about real intentions and become greed when seeing pumped happens, it's needed to have a clear and straight forward strategy to avoid making such mistakes, it's all about money so it's needs to be well protected.

[Bagaji]

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 ??

It's not always can classified as greed.
Many people wants long trade such as keeping their investment for years, also this type of traders is successful trader with 100x times ROI

The long term holders of crypto currency should not be referred to as the people who makes losses untill they have sold below their entry position. In reality, making 100x from your investment in crypto currency is possible and when you have a mind of selling so quick or you are afraid of the market by you making a panic sales that will make sell at lost.

[vv181]

Naturally, traders come to crypto currency with a loyal and considerate mindset
~

Nah, Most of the traders aren't naturally comes up with loyalty and considerate mindset, I'm sure they are probably mainly carried by greed, they attracted to the cryptocurrencies markets volatility. How could you say they are loyal but when the bearish happens, they are all missing. And I doubt they are considerate, in other hands, they are easily affected by popular people sentiment toward cryptocurrencies. Not to generalize all the traders though, but it's based on my observation.

[nreal]

Planning for risk management, profit and loss rates need to be clearly outlined, the most important thing is to always follow the plan.

[demenBTC]

greed always fails to take advantage because uncontrolled emotions bring them into a price trap that is lucrative, patience and precision not possessed

[r1a2y3m4]

Being greedy as a trader gives you nothing but loss. It's like in gambling and it's like what I did when I was betting yesterday, I thought that I can manage to get my loss back so I try to bet all of my eth and then I lost. Just like in trading, if you got greedy by hodling coins that are not good and you got 50% loss on that even before then it will just make you loss the trade more and more.

[mostcrack]

yes, consciously or not, the nature of greed is always in a trader, those who always want more in order to get a big profit, will actually only lead them to loss again.

[Newmusa]

Greed has sent a lot of investors out of the market due to the fact that they don't have courage , so they are not able to take the risk and the leads a lot of. People out of the market.