Greed is bringing loss for traders

[allanr]

I think being greedy won't be able to get anything.
For example, when someone invests $1,000, he wants to get 10% profit, but after the target is reached he changes his mind, he wants 20% profit, and the next day the price drops -30%, BOOM! he loses all profits.

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[Nivia1st]

yes you're right, being a greedy person will only bring harm. crypto trading is very risky so we should eliminate greediness. I often experience this, and I always learn to be able to control it.

[Cangkeman Wae]

I think being greedy won't be able to get anything.
For example, when someone invests $1,000, he wants to get 10% profit, but after the target is reached he changes his mind, he wants 20% profit, and the next day the price drops -30%, BOOM! he loses all profits.

I've also experienced it, it's difficult to avoid being greedy when we think that prices continue to rise, from here we learn a lot better to be able to get profit according to the target set before.

[asriloni]

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 ??

this will be a difficult task consider anybody has its own mindset and it can't be change easily. They will always try to expect a huge gain when the bull has come and forget their previous target to earn some bucks from crypto market.

[Adriano2010]

Always greed can bring loss instead of winning, even if we trade, or even if we bet or do any investements on some websites, or in a bussines, greed can make lose all money, so always better take out profit even if is small.

[Vishnu.Reang]

Intelligent and experienced traders will strictly adhere to their profit-booking and stop-loss targets. Such traders will never miss out on big spikes and they escape without major injury when the prices crash. The same can't be said about the rookie traders.

[ACheair]

The greed is what makes us going. We have to be a bit greedy, but in a positive way, to make ourselves going, to accomplish goals that were appointed earlier. When someone decides to invest his money, he expects a profit, but when the situation turns around, he blames everything and everyone but himself. The cryptocurrencies exchange market fluctuates and that's an uniqueness and a curse of all investors. Balance is the  key, being greedy enough to make a profit. The target you appoint before you decide to invest in something is crucial, and you should always stick to it - if you don't, you take even higher risk

[motienvolam]

Always greed can bring loss instead of winning, even if we trade, or even if we bet or do any investements on some websites, or in a bussines, greed can make lose all money, so always better take out profit even if is small.

Greed mostly results in losses. Sometimes, greedy guys might luckily get benefits, and profits with their greediness, but most of times, they will end with losses. The main reason is greediness basically forces us to do arbitrarily choices, that in turn mainly are wrong decisions. Wrong decisions by investing into scam, or poor quality projects, or by investing at wrong period of crypto market. For instance, buying coins when general market just shows early signals of long term downward trend.

[mrdeposit]

This is not greed. Greed should be used in different place. This is only the result of acting without getting information about the market. With more information and better research you can get what you want.

[bartusv]

Having a trading plan you should define your profit goals and stick to them.
Taking the profit is one of the most important element of successful trading.

[adzino]

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 ??

1% to 50% profit is just the cap you have set. There are people who has different gold. Isn't it natural that they will expect more profit when they see a bull run coming? I don't see anything wrong for people to start holding when the price starts to rise. They are holding it which means they are risking it. They know the outcome might favor them or might go competently against them.
There is nothing we can do to "ease" the greed of the investors. It's all up to the investors to come to an understanding.

[SistaFista]

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 ??

lol, yeah i got your point. Sometime the traders will be tempted to not sell and grab the profit because the hype.
A trader must not hold their coin, they must trade their coin because they cannot hold the coin for long time.
Different with holder, they won't say altcoins are shit because just because the coin price is going down. They can afford to holding for long.

[Viper_Unleashed]

Patience and choosing good altcoins always overtakes.We have to admit we all are greedy or else why the hell (80% of us) will be here in crypto market doing trades and choose to be here.There is a very thin line between greed and madness.We just have to focus on that and always involve in low risk trades.The greed fear index has always been an indicator depicting the market situation and volatility.Expect the unexpected that is what-a total mind game.

[Kelvinikke]

One lesson i have learnt in the investment into cryptocurrencies is to set your target of sell right before you invest and when you hit that mark don't hesitate to sell unless you have actual information about a further increase in that particular cryptocurrencies. Knowing when to sell your cryptocurrencies when they rise is a crucial decision that you have to take as a crypto investor.

[pushups44]

As long as investors are always cognizant that the market can drop 90% or more, I see nothing wrong with holding. All investors can do is research the projects they invest in to make sure they are legitimate and will still be around in 5 years.

[edisystem]

Can't agree more, greed is really a big enemy for traders.

I'm sure many traders ever experienced this, greedy and don't want to sell the tokens when the profit is good but keep holding and holding and they busted in the end because they keep holding and holding, don't want to sell and wanting more profit.

[gensol]

Not only is greed responsible the rate of manipulation in the cryptocurrency market is also a factor worth considering. A coin pumps to 20% in mins and dumps 40% thereafter whom should be accountable for this act.

[livingfree]

Greed is natural for everyone and without experiencing failure, you will never know and learn the lesson. I have that kind of mindset during the all time high season and got low cash by that time. I even thought that bitcoin would eventually reach $25,000 by that time so I was waiting for that moment but after my expectation, it became worse. The market started to correct but the hope has remained but at the end of the day, I'm wrong with that and I blamed myself for being greedy. Right now, I've learned the lesson and starts to take profit as long as it's on profit.

[Starfranko]

You are right about that but I think most him and are afflicted with similar tendencies . Bigger is almost always better but the irony is that while waiting to have more we in mod cases loose the little that had come in. A bit of contentment and moderated expectations might just the the cure for greed

[Jpti]

Greed is always a hindrance to progress and development. This will apply not only to cryptocurrency, but all life of human beings. People want to get more when they get something. In cryptocurrency, traders want to make more profits when they get a certain portion of profit. And such tendency of wanting more will lead to more loss. I have faced similar situation in my crypto life. However, I am learning knowledge about trading.