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Author Topic: Don't be greedy at this time.  (Read 1661 times)
asyakashi
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December 22, 2020, 03:41:33 PM
 #61

The biggest problem of a trader is not being able to control emotions.
greed is a part of it and very hard to control. this is what causes huge losses and mentally damaging in trading.
Well, your greed can be useful sometimes so you can higher. But yea, it is just like everything else where anything that really over your needs are really bad of your decision making and could suffer you to more losses than you can afford. I would prefer to trade Bitcoin at this point at the steady pace rather than just taking this hype too seriously.
Greed is part of human's behavior. If you don't know how to handle it, you might end up losing the expected profits rather than winning it. In trading, learn to set your own target selling price and once it will be hit, stick with your own original plan. Most of the time, traders  won't control their emotions seeing the price of the coins keeps on pumping and expecting it to reach even higher. But the market then suddenly dump and you missed already the profits if you happen to sell.
basically trading is a blend of emotion and theory that every trader has.
they have different and unique predictions, strategies and characters. the most important thing is to focus and be consistent with your own trading strategy.

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December 22, 2020, 03:43:53 PM
 #62

Whenever the market scenario shows a wild change, the mind of people changes. This is where the greed accompanies.
almost all of us have this our minds are really easy to manipulate with this sudden changes of price and it needs lot of practices and mental barrier to actually avoid your mind changed if this suddent event even happened in the future being unstable could make you loss your chance to earn more because you are too easy to get manipulated

Here some finds luck and majority ends with loss. When the market looks bullish people just buy some assets expecting a growth in the short. Most of the time people go on lucky try with new coins.
that looks like a gamble the odds to get a decent coin is really low and you may lose even more since almost all of the new coins are just exit-scam projects

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December 22, 2020, 06:46:22 PM
 #63

The biggest problem of a trader is not being able to control emotions.
greed is a part of it and very hard to control. this is what causes huge losses and mentally damaging in trading.
Well, your greed can be useful sometimes so you can higher. But yea, it is just like everything else where anything that really over your needs are really bad of your decision making and could suffer you to more losses than you can afford. I would prefer to trade Bitcoin at this point at the steady pace rather than just taking this hype too seriously.
Greed is part of human's behavior. If you don't know how to handle it, you might end up losing the expected profits rather than winning it. In trading, learn to set your own target selling price and once it will be hit, stick with your own original plan. Most of the time, traders  won't control their emotions seeing the price of the coins keeps on pumping and expecting it to reach even higher. But the market then suddenly dump and you missed already the profits if you happen to sell.
basically trading is a blend of emotion and theory that every trader has.
they have different and unique predictions, strategies and characters. the most important thing is to focus and be consistent with your own trading strategy.
It isnt bad to look for other trading ways or methods into other traders as well as long you dont mimic or trying to copy it fully and just tending to add it up into your current strategy
which on this case, you do able to enhance even way more with your trading ways and if turns out not to be good in terms of outcomes or results then you can anytime remove and
find another one if necessary.This is just a matter of trial and error in countless basis because you wont really be able to sustain into this market if you do just limit out yourself
or sticking only on a few methods that you do know.Always explore on various paths and ways and finding out the best one that fits you in.

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December 22, 2020, 07:37:56 PM
 #64

As a newbie I will advise you to always secure your capital always make sure your capital is safe, when you are trading and you are already in profit always make sure you secure your capital!!! When a you buy a coin when the price is low and the price increases always make sure you sell or always make sure you use stop lose!!!

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CryptocurencyKing
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December 22, 2020, 09:01:58 PM
 #65

I'm saying for them they are newbie in trading platform. Don't be greedy. You see it that coin is going to pump and pump and you Think you should buy this coin.. Firstly Don't do it. And at this time all coin is pump so do not do it.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.  

I believe your not from an English speaking country from the look of your write up and i wont blame you much because for the very least, you tried. Getting to learn a new language isn't such an easy task but should it be due to a translator then, the translator is bad and it would be best you refer to the service board to implore the services of an English translator, it would help you to pass your message better.

The idea of buy when its rising is just so innate in young traders that it almost seems they were born with it or learnt it an a very early stage of their life in this case, trading career. what they ought to understand is that, in a bull run, everything or coin is relatively pumped and not all would be able to keep a low profile when it comes to retracement and corrections. Most less established coins are always going to suffer more and as such, it results in a bad investment all because of greed.
On the other hand, it might take a much longer time before profit is reached, a time with which, most investors aren't ready to waste and might lead to early withdrawal which also ends in looses.
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December 22, 2020, 10:31:55 PM
 #66

As a newbie I will advise you to always secure your capital always make sure your capital is safe, when you are trading and you are already in profit always make sure you secure your capital!!! When a you buy a coin when the price is low and the price increases always make sure you sell or always make sure you use stop lose!!!
Ain't guaranteed safe in here, trading is risky and many traders got into trouble because of their mishandled emotions that brought them into losing. Since we decided to become a trader, we decided also to accept losing but if we can handle this emotion (greediness), we are about to conquer already half of the battle. Ain't that we can escape from being greedy has we all have this but always we put in mind that we should not be a stupid greedy person all the time, we must control it otherwise, losing will come to us.

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December 22, 2020, 10:37:41 PM
Last edit: December 22, 2020, 10:54:27 PM by doctor877
 #67

Most people that do  this sometimes is simply because they don't want   to miss out so they just hop in and buy at a high price. It's more advisable to learn and perfect your trading techniques because its  part of the skills that you need to succeed.
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December 22, 2020, 11:43:23 PM
Last edit: December 23, 2020, 12:46:30 AM by crzy
 #68

The hype is high but we should still trade base on our strategies and don’t be greedy in trading especially if you are just thinking for an easy profit. It takes time to become successful in trading and most of us failed on our early stage and only those who are still willing to take risk will continue. If you become greedy and can’t control yourself, better not to trade.
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December 22, 2020, 11:58:53 PM
 #69

Bitcoin price has gone up to $ 24k, I'm sure many people are not satisfied with this increase,
because the 3 year wait only got a $ 4000 increase at this new all time high, but if you become a greedy person,
then you could be trapped again, and following the bear season, so remember you have to be careful in making decisions

There is not just that but Bitcoin reaching 24K is another reason to celebrate its success.

There were many doubters saying BTC won't reach 20K this year or ever alas we are now seeing a new trend, a new beginning for BTC one in which we might even see it touch 30K?

I hear some of you think 30K? Yh, that's a large number but nothing is impossible with Bitcoin and crypto system, is there? Tongue
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December 23, 2020, 02:24:47 AM
 #70

Its a human nature for people to be greedy sometimes and that is the problem of traders who cant control their emotions to think and make a decision wisely.  Who dont want to earn huge during this time right? But we should set limit because the market is unpredictable and it can turn sideways or plunge unexpectedly. Thus we need to take advantage the increase and take profit. I always say that there's nothing wrong if you just earn a small amount, still its a profit, so what more if you gain huge? Be contented and have plan on your next move.

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December 23, 2020, 05:13:01 AM
 #71

If you are greedy at this time, it's going to cost you lot of things, and one major thing is going to cost you is you are going to lost your precious coins. Greediness at this time is when you make all the profit in just a day or few hours. It is going to be a disaster, and you are going to regret it. While not do it bit by bit and be taking your profit on a daily basis, by doing so, your profits will be stable and constant. That's what the rich call passive income. Which can also be called cashflow.

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December 23, 2020, 05:54:08 AM
 #72

I feel like there is time to be greedy as well. I understand that some people are scared but buying bitcoin is never a bad decision. Let me put it in perspective, if you bought bitcoin at $20k in December 2017 at the peak, in 3 years time you have made about 20% profit, now that may not sounds so great, but that is from one all time high to another all time high, that is the worst you could do by holding it for this long and buying from the highest price and waiting.

So buying from highest price possible will always be profitable in the long run, no matter wherever you buy, it all depends on if you could hold. Obviously a lot more profitable if you could buy more and wait more, because if you buy more from lower levels you drop the price you bought and profit quicker as well. I am a long term holder and I will always find the price cheap, no matter wherever we are.

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December 23, 2020, 08:04:03 AM
 #73

I'm saying for them they are newbie in trading platform. Don't be greedy. You see it that coin is going to pump and pump and you Think you should buy this coin.. Firstly Don't do it. And at this time all coin is pump so do not do it.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.  
Crypto greed is normal. There's nothing out of place with that, anyway. Investors don't want to cut short their profit chain or newbies miss out on the ride. Yes, the watchword is "be careful" but then how careful can one be? You don't want to exit a token you've been patient with over a few months only for it to skyrocket and do 1000% a few days you sold off. Taking risk in business is always going to be the main thing. No risk, no business. However, my advice to newbies is "don't invest money you will miss losing." In essence, don't invest what you can't afford to lose.

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December 23, 2020, 08:21:54 AM
 #74

Can holding be counter as an act of greed? I cant say that I'm a greedy person. Market has taught me not to rush to sell cryptocurrency after every price drop. I cant say that I'm short of money (fiat) and I need not to miss crypto price drop to feel comfortable. Even though if I see the price went down and I could have sold my bitcoin at the price of $23k, and now it is $15k, I would feel disappointed, sad but not depressed.

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December 23, 2020, 08:27:43 AM
 #75

I'm saying for them they are newbie in trading platform. Don't be greedy. You see it that coin is going to pump and pump and you Think you should buy this coin.. Firstly Don't do it. And at this time all coin is pump so do not do it.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.  

So are you a veteran in Trading now?
We shouldn’t always give advice to other people when we have half knowledge in particular things.
And when it comes in term of money matter better to BE your OWN BOSS.
Secondly the pump of a coin depends upon its supply and demand, so if the demand is more and supply is not sufficient then the price will go Up and you need to wise enough to choose the right time to buy or sell that coin.
At last just do a background check of a coin and these will surely act as an insurance if we fall in loss while holding the coin.

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Sirait
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December 23, 2020, 08:43:50 AM
 #76

I'm saying for them they are newbie in trading platform. Don't be greedy. You see it that coin is going to pump and pump and you Think you should buy this coin.. Firstly Don't do it. And at this time all coin is pump so do not do it.
When i was newbie, i did the same mistake so I'm suggest it all newbies. If, you are want to take profit from trading.
Learn about trading. Learn about take profit, stop loss and
Learn about fundamental analyst.  
^ this is a funny thing IMO, you say *since I was a newbie*!! and your account is still a newbie does that mean you have been trading since not joining here??

the biggest enemy of a trader is himself, if the trader is not able to master his greed even though he knows all the trading theory then it will be in vain.

Majharul Saiif
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December 23, 2020, 09:21:50 AM
 #77

Greed is a thing that's enough to destroy yourself. It's a very important thing that never greed it in your life. The element you use never can gain permanent success in your life without losses. So in trading, you have to understand, learn, and increase the capability to maintain the situation that will help you to go further.

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coin_1122
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December 23, 2020, 11:48:04 AM
 #78

Greed is a thing that's enough to destroy yourself. It's a very important thing that never greed it in your life. The element you use never can gain permanent success in your life without losses. So in trading, you have to understand, learn, and increase the capability to maintain the situation that will help you to go further.

Greed will destroy the entire earning, so we should always be happy with what we have, in crypto, sometimes we might see our estimation but greed makes us lose all the money. Trading, always will not help us to make a profit, but when we made profit we have to use them wisely otherwise we will end up in huge loss.
nemey
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December 23, 2020, 12:35:27 PM
 #79

I also really agree with you. In trading we really need to learn a lot. There are many things that we need to know not only about the price of coins, but how to regulate emotions in trading and much more. All of that the goal is that we are less and don't even make mistakes that will make us lose. So don't be greedy, and don't rush into taking steps before you really understand what you are doing.

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December 23, 2020, 12:52:04 PM
 #80



Greed will destroy the entire earning, 

This is just it; if you are greedy as a trader, or an investor you  will miss out on several opportunities to take profits and that would cause you some problems later when there is a price correction or a bear market. Greed and fear is an emotion you have to overcome to be very successful in crypto currency.
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