Greed is bringing loss for traders

[santouao]

I think yeas they rush buy coins and altcoins through the highness of the crypto market and the market collapse soit brings them a huge losses and now they are holding and waiting for the price of coins to rise which is happening right now as the market already making recoveries.

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[slaman29]

Greed is good, as they say in Wall Street, but what people don't realize is that they don't understand the nature of greed. Being greedy for wealth and power, must be matched by the ability and smarts to get there.

If you're just greedy like 99% of altcoin traders, then you have no idea where you want your dreams to be, you place it way above what can ever be achieved, and then you pay for it when bubbles burst. Again and again.

Watch this cycle end, then see again the whines in 2 years;)

[jrrsparkles]

I think yeas they rush buy coins and altcoins through the highness of the crypto market and the market collapse soit brings them a huge losses and now they are holding and waiting for the price of coins to rise which is happening right now as the market already making recoveries.

If you buy at high prices and soon after that market collapses means you have to wait for the next bull run,expecting the profits in very short term is not going to happen always.Like you said the prices starts to move so people who bought at high price will now get confident about making profits.

[efxtrader]

Greed is good, as they say in Wall Street, but what people don't realize is that they don't understand the nature of greed. Being greedy for wealth and power, must be matched by the ability and smarts to get there.

If you're just greedy like 99% of altcoin traders, then you have no idea where you want your dreams to be, you place it way above what can ever be achieved, and then you pay for it when bubbles burst. Again and again.

Watch this cycle end, then see again the whines in 2 years;)

Greed is good for people who had experience about how market works. For some people with little experience in market, greed is bad and i dont think it will bring profits. For peoples from wall street, with a lot money they handle, i am believe they should be greed because its more easy for them to control the price. But for investor with little money, its better to hold our investment for long term or if make trade, better make reasonable profit target

[entebah]

That's right, I don't want to be trapped again by the greedy nature of Bitcoin trading, because of the terrible effects of greed, one of them is losing valuable assets because of greed that can't be controlled. So learning from experience is a useful thing.

[Coffeehot]

for greedy people, they may not benefit from the bull market. they may even fall into a bear market. i will make an investment in my expectations. for example: i will sell half of the coins, when Bitcoin returns to 20K.

[Chuky92]

I think when a trader trades he should try so much to remove any prescribed profit from his heart and follow with the market conditions. Most traders will first set a target and when the market changes and they are already in profit, they won't exit rather they will tend to wait for their "prescribed" profits in most cases ending in loss, this is when we can say greed took place.

[jhon15]

That's right, I don't want to be trapped again by the greedy nature of Bitcoin trading, because of the terrible effects of greed, one of them is losing valuable assets because of greed that can't be controlled. So learning from experience is a useful thing.

greed will destroy you, so don't be greedy, it's better don't hold it back.
on Cryptocurrency we don't know what will happen, so we must be vigilant because prices can change rapidly.
the chance for profit isn't repeated so we have to make good use of our time and don't wait too long because you want bigger results, it will be dangerous.

[amaterazu]

When you invest in amounts that are not a little better, be careful and don't buy Crypto coins that have no potential. Even though you are stuck in a loss, you better not sell coins, but be patient. We know the nature of coins is that prices go up and down, so you are in no hurry to sell coins because prices will definitely rise again.

[ginobitcoiner]

Best idea is to have a considerable not crazy target say 5% or just 10% and then once it hit that you sell like 60% and hodl 40 if you think there will be spike in price that way you avoid unnecessary losses you might incur and your investment might even comes with little profit at the end

your theory is indeed very good and very profitable, if indeed the traders can do it. but I am sure it is not done by most traders because in reality greed is indeed the capital of successful traders.
they dare to speculate on the basis of good analysis.

[Dellosoft]

I was in this train of wanting to get 10x before exiting a trade, and always get burnt. But now I don't go for big gains before moving to the next trade if it's short term trading. I only hold for long during trading only when there is an upcoming news or when I'm in for long term.  Well, sometimes you sell fast and boom the price skyrockets, this happens to me severally.

[mirgo1791]

as work with evaluation gives of signals as trader to follows of movement with the drawing on chart, the decision to gives of return as might to follows with risks on release as the possession of resource on authorization.

[kanmo]

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 don't think there is any solution to greediness in crypto because of its volatile nature. Crypto is very volatile and no one can predict its price in the next seconds that why a lot of traders don't take profit early because they believe price can still go up.

[pant-79]

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 is necessary to make a choice: either you play the lottery, hoping that you will earn big money; or you constantly earn a relatively small amount of money. After you make a choice in favor of permanent earnings of a certain percentage, for example, 15-30%, it will be much easier for you to sell the coin, upon reaching your goal.
Before buying a coin, you need make a plan. Specify there the purchase price and the desired sale price. Then just don't allow yourself to deviate from the plan. In rare situations, when the price of a coin doesn't grow as well as you anticipated or there are serious changes in the market that can lead to serious consequences you can adjust the plan.
The above actions help you in self-organization.

[Averim]

Greed bring only dissatisfaction no matter how big the profit is, and if the balance is negative then is the end of the world. I have been there and now i appreciate the technology then the value of altcoins.

[StatesManG]

you are totaly correct, greed has become one of the big problems with with the traders and only if they can contain that, we can stop or maintain the looses.

[Palmaper]

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 have to admit that I have gone through that experience repeatedly, and the simple fact that most crypto-enthusiasts refused to sell when the price of bitcoin reached $20K, it is a sign that the vast majority of us have that same tendency.

But now that I know a little more about this complex market, I think I have learned to never give up a good profit of 20% per month, because it is better to ensure a good performance every month, than to wait two years living with illusions that will never be fulfilled at all.

[rchstr]

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 don't think there is any solution to greediness in crypto because of its volatile nature. Crypto is very volatile and no one can predict its price in the next seconds that why a lot of traders don't take profit early because they believe price can still go up.

There are solutions on greediness if you are just patient. Diversifying your portfolio may be a good idea and for me it is  not a greediness at all.

also having a backup fund for a buyback may be an intelligent move as it may lower your breakeven if the coin you are holding is in a bearish postion.

You may take advantage of the volatility of bitcoin by trading its trend, looking at the right timeframe may help a lot if you are focusing on trading.

[Activitycoin]

I think yeas they rush buy coins and altcoins through the highness of the crypto market and the market collapse soit brings them a huge losses and now they are holding and waiting for the price of coins to rise which is happening right now as the market already making recoveries.

If you buy at high prices and soon after that market collapses means you have to wait for the next bull run,expecting the profits in very short term is not going to happen always.Like you said the prices starts to move so people who bought at high price will now get confident about making profits.

Yes you are absolutely right we will have to wait for our luck to shine and as we know when crypto currency falls it takes so many time to recover the price so we will have to be patient and never sell our coin at panic so let everything be normal for us once again and invest in something really beneficial, so don’t be greedy to have quick profit wait with patience.

[nutriagrigia]

you are totaly correct, greed has become one of the big problems with with the traders and only if they can contain that, we can stop or maintain the looses.

This is a big problem not only for traders but for all people in general, this is a big problem. but in trading people just lose money because of this