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Author Topic: Don't be Emotional, Don't be Greedy  (Read 1660 times)
kingzpro
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November 22, 2020, 07:17:19 PM
 #41

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.

Everyone here is looking to make money in other words everyone is greedy and you are suggesting everyone to not be greedy. If we take this positively greed is good it pushes you towards your goals and aims and also without greed crypto market would become boring.

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November 22, 2020, 07:17:55 PM
 #42

Being greedy is natural for some people because everyone want more. But we have to realize that trading is a very risky thing and price are changing all the time. Is greed good? Of course not, it is too risky to put a lot of money in an asset whose price is very volatile. The best advice is to use as much money as you can afford to lose and this will give you a little more freedom to relax when trading. Don't believe the hype too easily, it's very close to the downside.
The level of risk depends upon the coin you invested, i would not be much worried if my investment is in bitcoin as i know it will climb eventually even if we have a huge correction and you invested at the right time, but that cannot be said about the rest of the cryptocurrencies in the market. Expecting a higher profit is not greed if you believe it has a function and it is underrated but you can call greed if you invest in shit coin and expect them to rise to a level that is impossible.
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November 22, 2020, 08:08:20 PM
 #43

I lost many money for greedy. I bought many new coin in pump time, i thought i will sell it more high prices. But i couldn't and lost huge money. Now i understood my mistake. Now i always research that project where i want to invest. and thinks many times about investing a new project.

Pump never a good time to buy any coin, I also experience this long time ago but now I have learnt my lesson, it is always better to stay calm, watch and patiently wait for the market to correct - which it will always do before buying, otherwise buying at the top will make u lose money.
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November 22, 2020, 08:21:53 PM
 #44

You are correct, be wise or else you will end up lossing your chance to gain a good amount of profit if you will become greedy.

In my case, I cannot blame my self if I am really excited to what is happening in the market right now because what I see is almost green but I always control myself and I always follow my plan especially the selling price in order to avoid being greedy and emotional.
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November 22, 2020, 08:28:36 PM
 #45

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.


this is a wise advice that i ever read
but, a lot of people will not take their profit earlier if they think the price will grow higher, and mostly thats the main causes why a lot of people lose their money in this industry, because no body know if the price will growing more or dump very hard right ?

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November 22, 2020, 09:42:47 PM
 #46

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.


Greed is the main factor that causes most investors to lose golden opportunities to obtain valuable profits. The investor should not be controlled by greed, and the investor should set a specific goal for sale and do not hesitate for a moment with this decision, Because when he is late, he will miss the hype and will only get a little from it.

thats right, talk about greed basicly all people have this character
so, how to avoid greed, is by set a realistic target and discipline with our money management without that i think greed will always stay in our trading activity
regards
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November 22, 2020, 10:45:11 PM
 #47

Best advice for traders. When at lost you don't have to be emotional and when in profit you don't still have to be greedy but sadly Ann can't even stand this after much laments even after believing one shouldn't be emotional they will advice and still fall victim. It takes discipline to survive the market anyways.
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November 22, 2020, 11:16:42 PM
 #48

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.

take profit when it enough for us, greedy wil make our profit become loss and time never comeback. most of investors thinking by holding their profit it could multiplied than before and they dont know how crypto market was so crued, whales could dump their profit anytime they want so before it happen be wise with our profit.
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November 22, 2020, 11:45:46 PM
 #49

Actually, this topic has been discussed so many times in this forum, about the emotion and also greediness in the crypto world.
And many cases of these:
Sometimes someone is placing the token at a certain price and after reaching the rate, they cancel ad then make it up again and again. And in fact, the price doesn't rise up but down and down again. and then the regret of why not selling at that first-rate they willing. And this is greediness. And someone may be very frustrated and also not satisfied with everyone they sell and buy the crypto at a certain rate. they will blame themself and also they are not ready of being lost.

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November 23, 2020, 03:19:25 AM
 #50

Controlling your mental faculties especially if you have lots and lots of investment money, ready to dispersed on many coins, is a hard act to do. Most of the time, having so much money would cloud ones judgment and might result to making flawed decisions in investing crypto. If you are having doubts and having some reservations doing trading, or investing, then you need mentors and also peers that you can trust in terms of sharing all crypto based information so you can make good decisions and be able to profit from cryptocurrencies.

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November 23, 2020, 09:02:40 AM
 #51

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.
I agree that there are tons of people who buy a certain project, it makes them a profit but they decide not to leave and fall in love with that project and they stay in it for far too long. I mean if you made a profit, you should get out and find something else you think that will go up, if you are not doing that it means you are missing out on next profits and you are going to lose a lot of money.

I would say best course of action for people who feel like they can't leave a project because they believe in its future and stay with it for months even years would be to check how well it performed compared to other projects. You will realize that if you got out and got involved with something else, you would have made serious profit but because you didn't, now you are stuck with this one.
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November 23, 2020, 09:33:52 AM
 #52

The op have a good point it terms of investment. But you will never experience the thing that you hold a crypto gold like bitcoin for another long term starting this coming new ath, Some rumors said that bitcoin are going to 80k$ next year and I'm afraid to believe in them, But think again if you're investor for a long run. So its okay to be a greed if you have a dream. I don't want to encourage them to think short term profits and run away.
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November 23, 2020, 10:01:17 AM
 #53

I would advice to all buyer and holders to think of a price you think you are comfortable to sell, write it down somewhere and follow this rule when the prices reaches this level. If you only think that "when the price reaches X, I will sell", then you wont sell it and will hold it. If you are lucky, you will get profit, if not, the price will go down and later you will feel bad for losing an opportunity. But if you have this price goal on paper, it will be your goal and will trigger you to sell.

Dont be greedy, be smart. You wont earn all the money in the world.

R


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November 23, 2020, 10:08:36 AM
 #54

The main control for traders and investors is emotion. about complacency, greed, and pride. keep your head clear and keep looking for opportunities to make a profit. circumstances like this will make many people forget it all. nothing is better than emotional control and financial management.
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November 23, 2020, 11:09:23 AM
 #55

Don't be greedy ,be careful and be wise at this moment because we all know it can change in a seconds.atlcoins now are too good to do investment bu look for a good one and i suggest to do investment in top altcoins.

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November 23, 2020, 11:15:41 AM
 #56

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.


I don't know your history in this space but one thing I think work in this space is to be greedy when people are greedy. If you are looking for quick return good, take your money and move, if you are looking for life changing profit, play this bull run, this could be the last time we are going to see most of these top projects this cheap. Be greedy and people are greedy, and be fearful when people are fearful

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November 23, 2020, 11:32:10 AM
 #57

lots of FOMO, and hopefully there won't be many victims, buy and cry when they come down, be good at analyzing yourself, don't get carried away by FOMO and will lose ... like in 2017, don't repeat the same mistakes.  sell while lucky don't be greedy.

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November 23, 2020, 11:52:59 AM
 #58

Don't be greedy ,be careful and be wise at this moment because we all know it can change in a seconds.atlcoins now are too good to do investment bu look for a good one and i suggest to do investment in top altcoins.
greedy will be main enemy for us ,our money will totally gone if we could not controll this human nature. many traders bankrupt and stop trading in any finance market due of this and it should be good experience for us so we will not face same situation with them. just take propotional profit and never imagine we could be rich man only in a night.
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November 23, 2020, 12:14:52 PM
 #59

The current crypto market is exciting as everyone is happy that new funds are being pumped into the space, investors are making profits and people are aiming for new ATH for bigger profits. I  remind us all not to forget to take profits, cut your greed and find new opportunities. Never be emotional about any project, buy when it's right, sell when it's right.


What makes some holding to be unprofitable is the GREED element.

When it's rising some invewtors always have hope that it'll rise further, before you know it'll decline.

So, don't allow greedy to put you into loss.

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November 23, 2020, 02:07:02 PM
 #60

Upon doing any decisions with regards to crypto investment or trading, better exclude your emotions and any hard feeling so that you will not get driven into doing unnecessary actions that might just put you into regret. At times like this, we must be appreciative and be contented on the things that are right in front of us. Exclude greed as well for we must seize the moment by grabbing the opportunity for we have waited for this for too long ever since the last time the this moment have happened way back years ago. Be mature enough and be professional to think that every opportunity must never be missed for we are working in a volatile market wherein we basically do not know what would exactly things might happen if it will stays up and wake up that prices will go down all of a sudden. Do not let your greed and emotions drive your way on doing decisions, be analytical and logical to be able to create better decisions and avoid taking regretful actions.

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..PLAY NOW..
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