DonFacundo
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August 20, 2021, 05:35:18 AM |
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If I gained x40 profit I would definitely sell my altcoins because that's enough for me to earn that huge profit. Back in the year 2018 I really regretted that I didn't sell my altcoins at high price because of greediness I thought it will increase more but unexpectedly the market suddenly crashed so it was a really big loss. Don't be so greedy just be satisfy of your earnings but if you planning to hold for many years then good luck but make sure your altcoin you hold has a good project.
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MKings
Jr. Member
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Activity: 62
Merit: 6
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August 20, 2021, 07:11:36 AM |
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People are greedy, but some people will resist the temptation. If it was me. I will definitely choose huge profits. But assuming it is a long-term value currency, I might hold it in principle.
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kotajikikox
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August 20, 2021, 10:21:59 AM |
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The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.
I will never go to that level of greediness mate , yeah sometimes greed feeds me well specially when times that bitcoin is climbing best as i know altcoin will follow , but the highest holding i did? it is when i earn at least x2 for my altcoin and never that i did exceed on that. though yeah in bitcoin i did manage made it more than x3 years back. People are greedy, but some people will resist the temptation. If it was me. I will definitely choose huge profits. But assuming it is a long-term value currency, I might hold it in principle.
That's it , if we believe that the coin we are holding is for long term then surely we will make it to the point of waiting until it grows to the level we wanted. holding too long will cause losses. I think maybe the opportunity to get a pump doesn't come every day, so when it has spiked to 40x maybe it's time to sell and don't be too fanatical to hold. because it will only make us lose the opportunity to make a profit
how i wish i have the guts to make hold that high, but i am contented having at least x5 in maximum expectation .
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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August 20, 2021, 12:28:24 PM Last edit: August 23, 2021, 10:41:30 PM by seleme |
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The greed is always bad, huge market fluctuations can be extremely bad for impatient and greedy traders. Having a trading plan doesn't mean the person will obey the rules set by himself, sometimes they keep holding even if the market gave them all they want. Greedy traders keep ignoring the main rules of trading and they rely trading decisions based on their inside voice which can be misleading in the long term. Greed is good if you have an experience on the trading and you know what you are doing, IMO.
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coin-investor
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August 20, 2021, 12:46:34 PM |
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The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.
Sometimes you really need to learn how to control your greediness and learn how to let go, this is how to make a profit you don't make a profit from too much greediness it happens to me several times, the market is very dynamic it changes instantly and from time to time, you have to decide that will not make you regret later.
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imstillthebest
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August 20, 2021, 12:58:08 PM |
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I don't what your aim is but sorry to say you are doing it wrong so why judge them when you dont know them or their goals ? what if thier goals is higher than yours ? obviously they are still holding at this point because they are caught up by the dip of their altcoin . if only each of us can tell if the coin has already reached its full potential or not , no one will ever make a mistake again but sorry thats not possible .
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Rikotin
Jr. Member
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Activity: 296
Merit: 1
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August 20, 2021, 01:54:39 PM |
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I think I see some still holding even the price have made that far, its because they believe the coins are undervalued, and it's true some are, especially if the coin has a product, or for example a coin, where they use the coin to buy something in the game, or staking, the point is if you can earn while holding it, why you are going to sell it, but if you are talking about a coin who just pop up out of nowhere, that's a different story.
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nomenclatur
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August 20, 2021, 03:26:33 PM |
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In fact, Hex has gone up so fast and has now risen again to reach the price of $ 0.17 it shows that Hex has increased if it is still held it will be a big profit no longer greed but really a big profit that many who sell Hex first it is a great investment very appropriate if you buy at the lowest price imagine if the profit reaches 100x it will achieve a big profit.
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Botnake
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August 20, 2021, 03:39:07 PM |
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The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.
Sometimes you really need to learn how to control your greediness and learn how to let go, this is how to make a profit you don't make a profit from too much greediness it happens to me several times, the market is very dynamic it changes instantly and from time to time, you have to decide that will not make you regret later. We have lived with greediness inside that is the reality and you are right, we have to do something not being control with such destructive emotions coz this will only lead us to make the wrong decisions which surely we regret later. I'd experience this thing before, I miss a lot of opportunities because of greediness which I've to promise myself not doing it again but honestly, it was really hard and it can't be done so quickly. If we have come into this kind of investment where volatility affects the price, it was best not to follow our greed but to think what will be the best thing to do as holding wasn't good all the time, sometimes we got a mess.
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alviemery96
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Activity: 209
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G I S T C O I N
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August 20, 2021, 04:12:30 PM |
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in my opinion each of them have their own profit target when the price reaches the set value they will sell everything and few people keep or store long-term including BTC, unless they forget it somewhere but I believe that very few people hold the highest value that all altcoins achieve.
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⚫ ▀ ▄ ⚫ G I S T C O I N ⚫ ▀ ▄ ⚫ ⚫ ▀ ▄ ⚫ THE GAMIFICATION CURRENCY FOR SOCIAL MEDIA COMMUNITIES ⚫ ▀ ▄ ⚫ ▬▬▬ gistcoin.io ▬▬▬
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Kelvinid
Sr. Member
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Activity: 2828
Merit: 344
win lambo...
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August 20, 2021, 04:23:50 PM |
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in my opinion each of them have their own profit target when the price reaches the set value they will sell everything and few people keep or store long-term including BTC, unless they forget it somewhere but I believe that very few people hold the highest value that all altcoins achieve.
There is no other reason why they still holding despite seeing the price is already at the ATH but to think about gaining more and more. Greediness, isn't it? People usually got hype and thinking always positive when the market is surging high and neglected to think of any possibility for the dump. This is always happening around and hasn't seen anything that has been changed. I believe we have to change this kind of mindset and rather have not underestimated the market. If we have the chance to sell our cryptos at a high price better not to miss that opportunity otherwise, it was you who regrets later.
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gurunanakji777
Full Member
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Activity: 2184
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SOL.BIOKRIPT.COM
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August 20, 2021, 05:33:09 PM |
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If we earn quick profit like 40X in a short span one must book some profit and should not be greedy because I always believe good growth is always slow in the start, later on, can boom fast depends on the credibility/use-case or the activeness of the dev of the project. It's definitely greed when you are in huge profit and greed for more stopping you to book some profit and later on you do not book profit because you always feel it will rise but most of the time thing happened almost opposite but I don't say every time your coin will drop some can continue to rise even in case of top coins I believe they will grow as crypto market outreach grows. Greed is the root cause of all losses but in my opinion, if we talk about coins like Bitcoin, Ethereum and BNB we can go long with these coins as I feel these coins are like fixed deposits that will grow over time as these have huge potential to grow these are gems of the crypto market and many of the holders are holding for long and this is called patience, not greed.
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Rocky993
Copper Member
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Merit: 1
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August 20, 2021, 06:17:17 PM |
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I will never think that I have not fully invested all the money I have earned in the crypto market for a long time. I hop in all the money I earn in my crypto market for long term and I invest half in this short time to get out of that project and target a short time good profit project.
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Golftech
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August 20, 2021, 07:00:30 PM |
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If we earn quick profit like 40X in a short span one must book some profit and should not be greedy because I always believe good growth is always slow in the start, later on, can boom fast depends on the credibility/use-case or the activeness of the dev of the project. It's definitely greed when you are in huge profit and greed for more stopping you to book some profit and later on you do not book profit because you always feel it will rise but most of the time thing happened almost opposite but I don't say every time your coin will drop some can continue to rise even in case of top coins I believe they will grow as crypto market outreach grows. Greed is the root cause of all losses but in my opinion, if we talk about coins like Bitcoin, Ethereum and BNB we can go long with these coins as I feel these coins are like fixed deposits that will grow over time as these have huge potential to grow these are gems of the crypto market and many of the holders are holding for long and this is called patience, not greed.
Most of the people who lose that kind of opportunities are those who didn't set any plans for their investment, once greed trgigered them out nothing that they can do but to keep holding and hoping that the price will keep on rising, they will only realize that they've missed the chance once the price start to dumped back..
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istiak2277
Member
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Activity: 728
Merit: 19
KUWA.ai
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August 20, 2021, 07:13:40 PM |
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The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.
I also had this mentality and now I have changed it aftermarket crash. Now I have a better understanding of the markets and am willing to book profits whenever I can. I lost almost 8K because of this mentality. Geed and high expectation was the reason for this kind of behavior which is very bad for a crypto trader. Knowledge and patience is the key to success in crypto.
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Kasabus
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August 20, 2021, 07:13:57 PM |
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If we earn quick profit like 40X in a short span one must book some profit and should not be greedy because I always believe good growth is always slow in the start, later on, can boom fast depends on the credibility/use-case or the activeness of the dev of the project. It's definitely greed when you are in huge profit and greed for more stopping you to book some profit and later on you do not book profit because you always feel it will rise but most of the time thing happened almost opposite but I don't say every time your coin will drop some can continue to rise even in case of top coins I believe they will grow as crypto market outreach grows. Greed is the root cause of all losses but in my opinion, if we talk about coins like Bitcoin, Ethereum and BNB we can go long with these coins as I feel these coins are like fixed deposits that will grow over time as these have huge potential to grow these are gems of the crypto market and many of the holders are holding for long and this is called patience, not greed.
Most of the people who lose that kind of opportunities are those who didn't set any plans for their investment, once greed trgigered them out nothing that they can do but to keep holding and hoping that the price will keep on rising, they will only realize that they've missed the chance once the price start to dumped back.. This thing happens to all of us not just in bitcoin investments but even in gambling activities. We will not try to stop ourselves from doing it unless we see ourselves start losing. Greed is something that should be controlled and i think that's the biggest enemy we have to fight so we will not end up losing such huge amount. I think the best way to avoid being greedy is to set a target goal. We should know when to stop from hodling when our target prices have been met already and that we are making profits already. It's good not to be greedy than seeing our ourselves start to lose just because we still aim for higher profits.
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trauchot
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August 20, 2021, 07:26:14 PM |
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Everyone has their own goals, someone sells their cryptocurrencies when the price has already increased at least in 2 times, and someone is waiting for the cryptocurrencies in which they have invested to grow in price in 100 times or in 1000 times or more, of course, if you will wait a long time, then at any time, any cryptocurrency after growth can begin to fall very fast to the bottom, so you need to remember this too, but do not forget that many people invest for a long term, for several years at least, and therefore they do not look at the prices of cryptocurrencies every day like most of us.
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Traderbtcc
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★Bitvest.io★ Play Plinko or Invest!
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August 20, 2021, 09:03:32 PM |
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The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.
Not sure if anyone knew the market was going to dump, everyone thought it was just like every other numbers bitcoin break into, the dump came as a shock to everyone cause the market dumped by 50%, I'm talking about the entire cryptocurrency marketcap as a whole, some people never took profit out of the market probably because they thought bitcoin was gonna go all the way up to $100k, I don't know if I should call it greed or being too positive.
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retnoanjani
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August 20, 2021, 09:11:21 PM |
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Everyone has their own goals, someone sells their cryptocurrencies when the price has already increased at least in 2 times, and someone is waiting for the cryptocurrencies in which they have invested to grow in price in 100 times or in 1000 times or more, of course, if you will wait a long time, then at any time, any cryptocurrency after growth can begin to fall very fast to the bottom, so you need to remember this too, but do not forget that many people invest for a long term, for several years at least, and therefore they do not look at the prices of cryptocurrencies every day like most of us.
it is also tailored to the needs of each. those who sell fast are not necessarily paper hands, maybe the sales target has been met and there is an urgent need that requires quick money. holding on for a long time is also not a guarantee that you will get more profit, the point is that we have to get the right timing, according to each one's needs. there's nothing to be sorry for if then the price goes up after we sell it, isn't fortune and luck already arranged by God? so we just have to try and enjoy it
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Questat
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August 20, 2021, 09:23:31 PM |
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The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.
Not sure if anyone knew the market was going to dump, everyone thought it was just like every other numbers bitcoin break into, the dump came as a shock to everyone cause the market dumped by 50%, I'm talking about the entire cryptocurrency marketcap as a whole, some people never took profit out of the market probably because they thought bitcoin was gonna go all the way up to $100k, I don't know if I should call it greed or being too positive. What really happens is that most of the time people are taking aside the dump scenario but focusing on the price increase. They keep on holding as in their mind this would be the toll to make them more profitable but sadly, this kind of strategy sometimes ended up in regrets after missing the chance to sell at high. I had this kind of experience before and so I've learned already. Holding should depend on the situation and still have to analyze if it is still a need to further hold or to sell it.
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