Don't be Emotional, Don't be Greedy

[ampu]

Capital management is always the lesson we need to learn in the tough cryptocurrency market. There are a lot of people who lost a lot in 2018 and 2019, this is the time when they can get their lost money back. Taking profit in stages is the way we can make a steady profit.
It is necessary to observe the Bitcoin/altcoin and Bitcoin domain charts to judge the market trend shortly.

[Reid]

Good tip.
Just something to remind everyone.
We are still living in a world of fiat. So that is still the important thing to have for now as a means of buying goods.

I did sell some and bought appliances that are needed at home.
Wife is happy, I am happy. That's all that means to me. I am not investing to just let it be stuck until the end.
Somehow, we need to enjoy it too and provide little pleasures to our family.

[Kahoy01]

People are becoming too greedy wherein they are not taking profits or selling the coins that they hold because they are expecting that it will forever go up then suddenly they will regret their decision if a dump happen suddenly. Controlling greed is the key in our investing journey because if you let your greed control you, there is high possibility that you will lose your capital by doing a lot of wrong decisions. It is still better if we know how we will manage our emotions very well in order for us to become successful investor.

[lousie9]

yes, the current market situation really makes most crypto users feel happy especially Bitcoin investors and altcoin investors who have large amounts of assets they can take huge profits when selling at current prices. but a good mindset when it can manage assets wisely, can manage the finances of the profits to reinvest in good coins.

[Sirait]

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.

^ getting emotional on a single project or coin will only make you lose. out there there are thousands of projects, one of that is very likely will bullish following Bitcoin.

do your own research, then decide to buy at your own risk.

[CAPT.DEADPOOL]

Sometimes it is inevitable that we will make mistakes in our steps so it will be a lesson for our steps let us not lose our emotional or being greedy on something be calm be happy with your little income because it will enter your mind so that you have more ideas and strategies to earn even more earning a lot of patience and waiting for the signal to invest it investors or traders who become successful is the most important thing for me whether I will make a big profit or if even if it is small, the most important thing for me is to have even more knowledge.

[Entei]

The advice is good and the topic is interesting but unfortunately we don't know about anyone's personal life and people's suffering. So many people are very happy with the rise and the past few days and many investors are making absurd profits from the current rise. In fact, when we get it right, we are not sad and because when we make a mistake, is there a judgment? This is just a game and it means controlling the emotional.

[ARTCOINSLV]

Thanks for the advice OP, I'm sure that those who got caught in 2017 won't repeat same mistake again but what about newbies? When I was a newbie my greediness was so high that i care less about few profits, I aimed too high until everything came crashing on my head, my point is not everyone will be able to control their greed until they make mistakes, once bitten is twice shy they say

This is a typical case , all newcomers have been through this.
I lost 25k euros in 2018 because of my greed, i wanted more, but I only got 3k euros.
I haven't changed, i'm just as greedy as before, but I'm also smart, now. ))

[arjuna BTC]

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.

indeed for long term investments greed is not a big problem, but for short term traders, i think greed will be a big problem because greed can break all the rules in our trading strategy, thats mean the risk will be higher if we break our rules buddy
by the way don't be emotional and don't be greedy is easy to said but hard to do

[atjiat]

Sometimes it is inevitable that we will make mistakes in our steps so it will be a lesson for our steps let us not lose our emotional or being greedy on something be calm be happy with your little income because it will enter your mind so that you have more ideas and strategies to earn even more earning a lot of patience and waiting for the signal to invest it investors or traders who become successful is the most important thing for me whether I will make a big profit or if even if it is small, the most important thing for me is to have even more knowledge.

You are absolutely right, and besides, if you take real life, then we do not pay attention too often to the emotions of this or that person. But in this situation, we are very much aware that our emotional state affects the quality of our work. In addition, greed should in no way be shown at the moment when the cryptocurrency market wakes up from sleep and the green bull runs to the moon.

[posi]

Right thoughts! I think that the current growth will end very soon and I set stop losses on my positions, so I prepared for a bad scenario. Because of greed, I have always lost money.

Setting a stop loss is a knowledgeable impression cause it important to put ones emotion and greed in check but the current market growth wont end very soon as you claimed because the market is yet to clinch new ATH price and if the market experience some price downtrend it just an important market corrections to strengthen the upcoming bullish trend.

[BTCappu]

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.

Be it $80k or $800k one has to make sure when he invests in any coin be it Bitcoins or altcoins they must have a clear set goal within their minds about how much project they are expecting and should create sell orders if they are looking for small profits.

If you invested as a long term opportunity then don't get fazed by a few hiccups in the way of greatness. Often people laugh at people who sold their coins cheaper but they should understand not everyone looks at Bitcoins as a future investment and not everyone can block money for long periods.

I would say when trading altcoins you should always keep it simple, you see a better price then just sell it without thinking too much because overthinking will make you hold the coins longer and more often than not you will be a victim of greed.

[Emitdama]

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.

Yeah and since we are talking about good coins in future I will strongly recommend investing some in PolkaDot because they look rock solid right now and barring any hilarious collapse they should do well.

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.

You mean like 2017 this time again it will fall after reaching such heights? I honestly don't think there are chances of price dropping this time because it looks solid and market has matured and is bigger than it was in 2017.

Being greedy is good but you must always secure your capital you invested, for example if a coin you purchased at 50 cents is now trading at a dollar then you should sell half the coins and secure your initial invest and let the remaining coins ride the hype and keep cashing at regular intervals based on how market behaves.

[modellao6]

I think what you said is quite reasonable，very smart. But this is easy to say though. It can, as almost anything, be harder to do.
Sadly，even though i know this，but i think i am one of the greedy people eventually.

[Lorokan]

One thing i seem to say is that you should not try to outsmart the blockchain or crypto currency as a whole because it just won't work. Also before you trade at all; you have to work on your psychology; you need to take character access classes to prepare you mentally because trading can be draining.

THE most important of all, is you should always do your ownn research

[qazgroup]

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 have tried to be less emotional and less greedy but to be honest i just get attached to my coins so much that i always find excuses to not sell my coins even in times of obvious reversal, this is not a good thing because i can simply increase my holdings if i can control my emotions.

[Tallylat]

greed and inability to put one's emotion in check is one of the reasons people get rekt in crypto space. this has affected a number of people, including me. as we are seeing a new bull run, it will do well to put greed in check by taking profit at some point. greed made me hodling some bags since 2018.

[Slingshot]

We have been singing this as song in Crypto but many people will hear this today, accept to adhere, a any little issue that comes during trading either coin dumped or mooning you will see either of the two. One don't have to trade with emotions or be greedy. Once you see a profit, just take it out and hold your capital should in case and ones you see dump don't be too emotionall

[coin-investor]

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.

Some holders have the right to be emotional, these are those who bought at the last all-time high that is still holding their coins, they have extended their patient not to sell their coin until it reaches another all-time high.

They should take a profit but hopefully, they are not going to sell everything they've got, because I believe Bitcoin from another all-time high to another, this is going to be continuous.

[LogitechMouse]

Its easy to say things like this but applying it to your own self is very hard.
You can say to others things like this but in reality you yourself can't do it.

Although this might help some, there will be investors who are emotional and greedy and they are the ones who are making this market move up (aside from the large institutions that are continuously buying Bitcoin). Learning not to be emotional and greedy requires experience. At first you can't resist it but as time goes by you will learn not to be like most of the investors out there.