The greedy must be poor

[jostorres]

Some people refuse to take profits when their coins and tokens are surging so high.
Because greed let people keep on waiting for higher and higher value for there coins and end up selling at dip.
Since price can’t go up all the time.

I do not feel greedy nor poor. However, I have seen many poor people and been one back in the day and I have to say rich people are 100000x more greedy than poor people. If you ask a person who is starving and very poor and homeless, how much money they want, their vision would only allow them to reach to a level where they will never be that poor again, it could be a million dollars or two but it won't be one billion dollars, even at that it is one billion dollars max. What about Jeff Bezos? Elon Musk? bill gates? Warren Buffet? many more like that?

Those people are making money hand over fist and still paying people under livable wages, breaking unions, and trying to shred all the benefits they are giving just so the company could make a few billion dollars more. This is why wealthy people are greedier than anyone else in the entire world, that is how they got so rich.

[Fredomago]

I don't agree on this because there are two types of people in crypto, short term and long term holder. Having a mindset of long term is not being greedy because being a strong hands is a good way of making good profit in a long haul and especially good project is at stake. Sometime paper hands got rekt always and I had some experiences that I sold really early and now the price thousand times now. That's why If you have faith on the project you got to hold until it reached your selling price.

This is always the case but some people are buying near the peak then wait for long time which is the common reason why many small traders left out on a startup coin. The usual price pattern of startup coin was pump during the first week or a month for some case then dump hard for a long period time.

The case that being discussed by OP is not greediness but lack of knowledge on trading. Due to FOMO, people don't have any idea when to get out and that's the reason why they are always being left out on trading.

lack of ideas that mostly lead more traders to lose, without doing your own research the chance that you will riding with the hypes is always there, you need to observe and perform deeper research and studies, never to deal with your trades without good understanding, common mistake that keeps traders lose their money inside this trading business.

with the right understanding, it's easy to keep your holding and wait for your target selling price, but if you don't have that knowledge just a quick downfall will lead you to sell out of panic and lose your money.

[Natsuu]

Your use of "Must" in the title topic – The greedy must be poor–, makes it sound like you actually know how it will end, and that's regrettably not true. You think those who bought Bitcoin in 2010 and sold off when it touch $10 will agree with you on that or those who bought in Dec 2020 and sold before May 2021? Definitely, not. Crypto is a highly unpredictable business. It's like biscuits and can break whichever way it pleases. ---

Indeed, I don't actually side with anyone who greeds, cause I believe that greed can only leads you to certain uncertainties and is an act that negates the very meaning of planning. but either way, not all the people who became "greed" by the context is poor or must be poor, its just a metter of experience and those experience will lead them to their betterment.

It is good to see the how long can it reach before you sell it out, regret is one of the things I don't specifically like happening and selling when it goes higher is more compelling than one thinks.

[magnum1010]

Some people refuse to take profits when their coins and tokens are surging so high.
Because greed let people keep on waiting for higher and higher value for there coins and end up selling at dip.
Since price can’t go up all the time.

It is a straight path to loss when you can't cope with your emotions and you fall back on them. You had better make up your strategy and follow it. When you invest in something risky and new but popular it is likely to increase very rapidly, so you should manage to fix your profit before it falls. One good strategy is to sell a half of your tokens when they increase by two times.

[Oilacris]

Some people refuse to take profits when their coins and tokens are surging so high.
Because greed let people keep on waiting for higher and higher value for there coins and end up selling at dip.
Since price can’t go up all the time.

Not all greedy would become poor because being aggressive towards pumps doesnt always mean that you would lose up money because there are instances on which you could make more profits if you do have set out a particular goal or take profit on a certain price point.

Having those take profit prices doesnt always mean that you are greedy even though it is most likely be consider to be one but its not always mean that you should become poor with this kind of behavior.

There are people who do just love on risking out for more profits but majority does really mind off on how to take profits directly.

[Jilapikhamu]

If you know about any specific token or coin future and believe there project than why you sell your coin?

[isaac_clarke22]

~

Well because they're long-term holders. I won't exit it all when the coin I had invested aren't even getting adopted around here. It's too "early" to sell for me as as a long-term holder.  This might be in Altcoin Discussion, but for the record, I am holding, of course, Bitcoin.

"Price can't go up all the time". Yes, right but same goes that price can't be down all the time as well.
I sell partially though, but it isn't that all-out sell. Technically I sold, but what I invested are all still there.

[Rahman11]

Some coins are really better for day trading but otherways major promising coins always great holding for long time, yes holding for day traders not a good choice always, market analysing also a nice way for trading.

[jack wira]

Each of us has the right to judge, whether not taking profit when the coin price rises before our eyes is greed or will we fall into poverty,?  But I have a different view from you, by delaying not taking profits during the increase, they actually have a plan and see that there will be an even more fantastic price spike in the future, now that's where they will sell all the coin assets they have to achieve the target. they mean.

[Viscore]

Each of us has the right to judge, whether not taking profit when the coin price rises before our eyes is greed or will we fall into poverty,?  But I have a different view from you, by delaying not taking profits during the increase, they actually have a plan and see that there will be an even more fantastic price spike in the future, now that's where they will sell all the coin assets they have to achieve the target. they mean.

Greed will never make us contented because it actually drives us away from it. But being human has a part of it as being greedy. So there's no way we can avoid it but maybe trying to control it.

There is a wrong misconception on being greedy must be poor. Traders usually set their goal price when to sell, but if they refuse to sell their coins even when the price has been reached because there is more higher profits waiting ahead, that's already a manifestation of being greedy. And most of the time, they only end up selling at a low price because the market won't actually stays always on top, it will suddenly fall sometime. That's when greedy must be poor. However, if a greedy person has also set his plans not to sell because he has prepared a special strategy on it, then he will most likely not end up losing. Instead, it will make him gain more profits more than from what he is expecting if he sell his coin right at that time.

[Mahdirakib]

If you know about any specific token or coin future and believe there project than why you sell your coin?

Everything doesn't depend on the ‘believe’ word. Almost every tokens come with a good plan and tries to gain user trust. As a result the price starts surging but most of those tokens fail to survive in crypto market. And user loss their money on those. Everyone has their believe in bitcon. They knows that it will be profitable to hold bitcoin for long term. But many of them frequently do buy & sell to maximize their profits.

Similar type of question to you, You got the hints that crypto market going to have a small/bigger price correction soon. Will you hold your coins for the believe or you will sell your crypto to buy back in lower price?

[sayam]

I totally agree with you. I myself have suffered huge financial losses for not making the right decisions at the right time. Honestly, whenever the price of a token or coin goes up, I also think that the price will go more. But in reality, it does not happen like that. So everyone should have the mentality to sell at a certain profit without being too greedy.

[Woodie]

This statement is a two edged sword in my opinion.
The greedy may be considered to be the buys that are high risk takers and would want to go all the way. If someone bought crypto like bitcoin at 5 dollars and when price rose to $5000 they did not sale we label them greedy because they didn't take their profits but holding for over 10 years and price is at $48000 would be a better reward for not taking his or her profits early. I guess the greedy would be laughing all the way to the bank after this.

[freedomgo]

This statement is a two edged sword in my opinion.
The greedy may be considered to be the buys that are high risk takers and would want to go all the way. If someone bought crypto like bitcoin at 5 dollars and when price rose to $5000 they did not sale we label them greedy because they didn't take their profits but holding for over 10 years and price is at $48000 would be a better reward for not taking his or her profits early. I guess the greedy would be laughing all the way to the bank after this.

Sometimes your greed will lead you to more success as you become more risk-taker, but most of the time it will lead to disaster. Greediness is just part of us already, we are human and we would also seek our ultimate happiness which is money, and that is our main goal on why we are still investing.

It's just necessary to be educated, as greedy rich people are successful than poor greedy people.

[seleme]

No matter you are greedy or feeling fear to take risky investment decisions, it is all about emotions that control us. Greed is different than HODL, some traders can't understand the potential of the project they invest. It is always good to check the project potential before selling or adding more capital.

There are many ways to do it and seeking the greatest profit is an achievement. They do that because they believe in investing in crypto for the future. We can't say it's greedy, their goals and ours are different, their analysis and views are different, even their belief will pay off.

Greed is bad for losers, I agree it can be more profitable for winners to keep increasing bet size. Using take-profit orders will guarantee the profit and traders don't need to check the market price every day for closing their previous trade positions. It is up to traders to use Trail stop for liquidating at least half of the profits at the right price point.

[huu78]

There are many ways to do it and seeking the greatest profit is an achievement. They do that because they believe in investing in crypto for the future. We can't say it's greedy, their goals and ours are different, their analysis and views are different, even their belief will pay off.

[Hypnosis00]

Some people refuse to take profits when their coins and tokens are surging so high.
Because greed let people keep on waiting for higher and higher value for there coins and end up selling at dip.
Since price can’t go up all the time.

They are not holders but they are panic sellers. Impatient people never succeed and never have the chance to reach their goal but instead, they just kill themselves slowly.

I know a lot of people wanted to become rich but unfortunately, they ended up at a loss as they don't understand the market volatility. Once they saw declines, they always think negatively and started to sell their coins. This has been really happening in the market and if they'd never change, this will always happen to them.

[Dragonfund]

Some people refuse to take profits when their coins and tokens are surging so high.
Because greed let people keep on waiting for higher and higher value for there coins and end up selling at dip.
Since price can’t go up all the time.

You see, what makes crypto fascinating is greed, and greed is what causes the price to skyrocket when everyone tries to profit from it. Most people will not take profit not because they are greedy, but because they see potential future growth, and the greedy ones will attempt to outsmart the market until they buy at the top, and before you know it, the market will trick them and they will start wailing that crypto is a scam.
Looking back four years, I believe most of individuals who purchased coins/tokens and are still holding them will have made a significant profit by now.

[samcrypto]

Some people refuse to take profits when their coins and tokens are surging so high.
Because greed let people keep on waiting for higher and higher value for there coins and end up selling at dip.
Since price can’t go up all the time.

No they are not because the greedy are those who don’t know what to do at all, they didn’t sell because they don’t know when to take profit because even if you’re poor and greedy as long as you are doing it the right way, that’s still be good.

This has been a great market during the pandemic where people are aiming to look for other options to earn money online, most of them are being greedy and forger about the fundamental process and the result is very bas for them, the great lesson here is to keep on learning don’t limit yourself into limited informations, its not that hard to learn.

[Darktongue]

Profit must be fixed before you make your investment, which must be bearable for a long time. Short paths and time are always risky without us being there all the time. Suppose someone spending all his time in the cryptocurrency, he should know and can choose a short time investment. I know we must control our greed, but I think we should focus on a good point. Our more demand is always helping us to increase our greed. We can't call it greed, it's our given time.