Don't be Emotional, Don't be Greedy

[IkonaDro4ku]

I am sure that the biggest mistake is to trade with high leverage. Unfortunately, I already lost too much money on this and even if my deals would be successful at a distance but in a short time I lost everything.
So my advice is very simple - give up leverage and trade only with your own money.

[qory]

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 really a good advice some of us may be forget on getting profit and we will realized it late soon once we have a negative balance on our investment. It's not  a problem to wait for it to increase more but our goal was to make profit and we should not forget that.

[KaratX]

If you aren't emotional you gotta be greedy and if you aren't greedy you gotta be emotional, we are all humans and all these are part of us and will always be a part of us, instead if getting rid of greed and emotional we should learn how to control our emotional feelings and greed, let's stop lying to ourselves, no one can get rid of emotional and greed

[cilgindansci]

The suggestions here are as valuable as gold for newbies. We have seen bull markets before, but we witnessed declines right after. During this period, we must make the right investments and exchanges because we don't always have such luck.

[Greatdev]

Greed can help you and it can also ruin you, only a dead body can be 100% free of greed and emotions, if you are still living like myself greed and emotions will always kick in, that's a sign that you are still alive and breathing, all I can say is too much of everything is always bad

[bakasabo]

Come on people, confess, who got emotional and greedy this morning and sold all or part of Bitcoins when the price came closer to 33,000 USD?

I was that person and had sold some Bitcoins worth about 200 USD. I could have sold more, but thank God all other Bitcoins were on other wallet and I had sold only what I had on exchange. Being sleepy and lazy saved me from loosing funds.

[Viscore]

Come on people, confess, who got emotional and greedy this morning and sold all or part of Bitcoins when the price came closer to 33,000 USD?

I was that person and had sold some Bitcoins worth about 200 USD. I could have sold more, but thank God all other Bitcoins were on other wallet and I had sold only what I had on exchange. Being sleepy and lazy saved me from loosing funds.

I think you don't called that greedy, the exact word to describe it is getting panic, you'll be called greedy when bitcoin reach its ATH and you still didn't sold, but we can only conclude that if bitcoin eventually dump and it will not bounce back for awhile and you regret your action.

[Karartma1]

Life of the average crypto trader: always scared to take profit but always ready to bring losses home. People were buying more on the way up while now the majority is ready to sell on the way down. Completely irrational but this is how the market moves and if you don't want to get caught in this stupid game, always DYOR and sets your rational (not emotional targets).

[posi]

Now the market is undergoing its biggest correction after this 1 month increase, and the total amount of cash in liquid is around $ 2.2 billion from almost all exchanges that have futures trading on it.
I hope this correction will not go deeper.
and the market immediately recovered.

Normally, the bullish momentum ought to happen follow by correction to strengthen the market but for the market bullish to last longer than anticipated I believe the correction will clench for some days or else will experience a worse situations when it time for massive correction.

[Karartma1]

Now the market is undergoing its biggest correction after this 1 month increase, and the total amount of cash in liquid is around $ 2.2 billion from almost all exchanges that have futures trading on it.
I hope this correction will not go deeper.
and the market immediately recovered.

I am very curious to see whether there could be some altcoin small bull run or not: there are a few chances that if the bitcoin price stabilizes, then the altcoins have some space to grow.
I abandoned altcoins long ago but I saw this pattern every time.

[bakasabo]

Come on people, confess, who got emotional and greedy this morning and sold all or part of Bitcoins when the price came closer to 33,000 USD?

I was that person and had sold some Bitcoins worth about 200 USD. I could have sold more, but thank God all other Bitcoins were on other wallet and I had sold only what I had on exchange. Being sleepy and lazy saved me from loosing funds.

I think you don't called that greedy, the exact word to describe it is getting panic, you'll be called greedy when bitcoin reach its ATH and you still didn't sold, but we can only conclude that if bitcoin eventually dump and it will not bounce back for awhile and you regret your action.

Ok,ok, it was a panic sell, but it turns out that I'm a greedy person to. Since 2020 spring I planned to sell my holdings when the price reaches $10k. Seeing how it easily passed $11k boarder I have decided to wait. Then my goal was to jump up when the price would pass $15k. I thought it was a nice moment to fix earning in fiat. Long story short, I've hold my bitcoins when we passed previous ATH, hold when we passed $41k. But had panicked yesterday and placed an order on Binance.   

[Baihaki Khaizan]

yes, I really agree with you, keep using common sense in investing, indeed the soaring price of bitcoin is getting more enthusiastic about returning to old players who were frustrated in the past 2 years, now in starting new things, we must be ready to control emotions and be careful in seeing new opportunities.  I am very excited to see the passion of the market as it is now, I hope we can all be successful with cryptocurrencies.

[bttmember]

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.

Yeah, i will try to do this because i have some price targets in mind but the hard part is we cannot really predict the peak precisely, im hopeful that bull season will last for whole 2021 so the peak prices levels are still way ahead and we as investors should stay calm and keep holding.

[LostConfidence243]

When you are having a good profit but you are still holding your coins or tokens for having more, it is called greed. As a result sooner or later the price drops and you end up losing what you have. It happens actually and it is really understandable, but you really need to control your greed and use your brain to become successful. If you really can't control your greed, you can sell half of your investment and keep the rest if you think it will give you more profit. By doing this you wouldn't lose all of your coins or tokens.

[Hairynipples]

I've cashed out a percentage of my holdings of AVAX,LINK and DOT today as all 3 of them were between 3 or 4 times the price I bought them at.

I'm hoping to buy back at a lower price but if not I'm happy with making a decent profit

[nomenclatur]

avoid greed so that we can get what we hope in cryptocurrency trading, there must be profit or loss, we just want to take risks to get profit or even the losses that get many people to think that investing in crypto is very easy even though it is very difficult to have high patience to sell it at the right price.

[odukoyaewatomi27]

Greed at times is important for the game, here and there is smarter to take as much time as is needed and stand by till the best time prior to selling than hurrying to dump every time, controlling emotions ain't in every case simple particularly when is money related issues.

[laredo7mm]

I've cashed out a percentage of my holdings of AVAX,LINK and DOT today as all 3 of them were between 3 or 4 times the price I bought them at.

I'm hoping to buy back at a lower price but if not I'm happy with making a decent profit

Will you share with us the strategy you are using to do that? I always thought market chasing is not a good thing and most professional traders recommend booking profit without just watching it. Also, I do not know a good way to do what you are telling me here. I think only greedy people chase the market and end up being on the losing side.

[adekogbe]

I think its better to counsel if the crypto are for in any event have a drawn out arrangement like elrond so we can't choose right away on the off chance that we need to sell. Since they have a drawn out arrangement and its appear to be so earnest to their objective. The better route is to dissect the project or survey cautiously to remain on the project what we needed for long haul, Not to pump and dump practices and take project toward the end.

[Fredomago]

Greed at times is important for the game, here and there is smarter to take as much time as is needed and stand by till the best time prior to selling than hurrying to dump every time, controlling emotions ain't in every case simple particularly when is money related issues.

Greed in the good ways provide much higher benefits but it's hard to control this emotions as most of the time it leads to losing your opportunities to make good money inside this market, you need to have a lots of experienced in order to control and make it favorable to your decisions.

I think its better to counsel if the crypto are for in any event have a drawn out arrangement like elrond so we can't choose right away on the off chance that we need to sell. Since they have a drawn out arrangement and its appear to be so earnest to their objective. The better route is to dissect the project or survey cautiously to remain on the project what we needed for long haul, Not to pump and dump practices and take project toward the end.

Maximizing your rewards is really important, it takes time and big patience to analyze and understand every open opportunities that the project you are supporting can provide to your investment, You'll be able to catch it up if you are well aware in any updates and developments of your assets.