Greed is bringing loss for traders

[Johnzky]

Not only in trading but in Gambling as well,greed is the killer of every cryptonians so if someone wanna succeeded here?better practice to take away the attitude of being greed and just enjoy everything that cryptosystem can offer,

Most crypto traders who are into daily trading usually  have a greed nature. All they think about is how to make profits from their investment.

Same.reason that most traders fails,because they cannot stop looking for higher.profit

[shakesbear]

If there wasn't greed and everyone leave market on top, the whole crypto industry would probably be dead by now, wouldn't it? Someone should help crypto-enthusiasts to support Bitcoin and alts.

[Rimueng tuha]

Greed has become a natural character for humans when he is given a pleasure, it will always demand more. Greed is personal character. I will tell my experience to avoid myself from greed. I avoid being greedy by always being thankful for every favor given to me. I feel enough with my pleasure and fortune. If I am indeed given a little fortune then I will only manage with these results but if I am given more then I can save the rest. It all depends on our acceptance. We ourselves must limit ourselves. As well as investors, as investors must have more acceptance and gratitude so as not to justify any means to achieve everything.

[MMA Rats]

Greed comes when you get easy money and when there is a lot of money. Traders have money but because of greed can not stop.

[BCTS]

Many investors lack patience. To become a successful investor you need to have a strategy and have a lot of patience, so that in a critical situation, when emotions interfere with thinking soberly, just follow the plan. Following these simple truths you will only increase your investment.

[Kingairdrop]

The truth here has to do with our general mindset has regards how to trade and how to make profit and not to loose our investments. Many traders believe crypto to be the next ponzi scheme and they expect outrageous returns and thats why they go bankrupt

[MMA Rats]

I do not agree that greed causes damage. Usually it is greed that motivates people to take actions that make money. It does not matter whether it is legal or not.

[Oceat]

My take on a shit coin is that it is useless in the long run and doesn't give you a good ROI in the long run since most of these were dumped always by these investors/development team. Greed is somehow controllable if a person always focuses on what is on his mind, but most of these traders don't think it that way. Instead, their focus will change along the course when they finally see the bull market.

[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 ??

Disciplined traders hardly go home with a loss. One thing I learnt from my mentor is that instead of gunning for a 100percent profit which will likely not be possible because of the current market dispensation, you are better off with 10 percent profit in 10 trades

[zarintasnim]

You find out very important point of investor. Its a 100% right that investor are always want to earn huge amount profit. But when they dose meet the success they blame altcoin.

[Galantin]

A trader brings a loss of stupidity. Well, of course greed. And there is nothing to go all the way with the growth of the coin. Yes, and in such a market can work only calm traders.

[spadormie]

Greediness is not appropriate especially when you are trading. Being greedy could leave you into destruction. I actually getting myself uninvolve in some hype that is actually happening in crypto. For example, there would be a fork on a coin, I will not buy that coin even though I got double.

[Best Dreams]

I think eliminating greed is impossible because each of us has something like that and that is human nature, and I think the most important thing is that we have to be good at making decisions when to buy and sell at the right time.

I know this is hard but it is important too, in trading you will have to remain patient, you will have to wait for right time,, in trading when you buy low then hold with patience, never panic, bitcoin rises high in price but as we can see the history we will have to wait so that our money will remain save, with the passage of time we will gain profit.

[Pagri]

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 ??

I think that, unfortunately, many amateur traders still keep in mind the idea that in the crypto market it is common to obtain 1000% profits in a matter of days. And although this may have been true at a certain point in the recent past, this is increasingly distant from the new reality, so at this time a veteran trader should not at all disregard more "realistic" returns, so even getting a monthly return of 20% should not be despised by anyone.

[ikicha]

Not really, i trade shitcoin always try to gain a lot profit more than 100%. For in this case only on a major coin who already have a thousand percentage since his started price.

[RareFortune]

It's not bad either to hope for much bigger profit but too much greed can lose all your investment. If you are not a long time holder then a 5-10% gain will be a good move to exit especially when market is bearish.

[Zythiphill]

Greed has always brought great losses , you should always control greed and be able to reasonably look at the market , and know your goals when to sell

[dmzworld]

Greed cannot be totally eradicated from crypto traders no matter how much experiences the individual have gathered in the ecosystem. But the ability to minimise it to a certain meaningful level is the best.

[upsidedown75]

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.

It is not only in trade that this happens, it happens generally even in investment, some set target for their investment, and when they see the target, they push it further, still believing it can get them double again.

It played also in my investment recently, BTC spiked from about $5085 I think to about almost $5400, I saw the little profit but failed to take it, waiting to see a bigger increase, by the time I woke up, the value had gone down back to where I bought it, if I had taken the little profit, I would have bought again by now and would have increased my holding, now that opportunity has gone and even if I have another again, it has already minus 1.

[axel2078]

Yes, I think the mindset the trader have already before entering a trade matters. Most will first decide in the profit they want forgetting this is space is volatile. It good to take the little profit than lossing all in the name of going for a particular sell order.