Another example is how greed destroy crypto investors.

[Anonylz]

Yes bro, unfortunately sometimes you don't see it as greed, you thought you are being a smart investor. I have had a similar experience but in my case, it wasn't a rug pull but the price dumped so hard I sold for way less than I should have. Mine wasn't a direct investment but a bounty reward that did like x20 and above and I didn't sell until it dumped so hard. Lol, it was funny and foolish at the same time. I guess these are everyday crypto lessons.

[1714988576]

1714988576

[Oasisman]

A few days back I bought a token from Launchpad. After they Launch on Pancakeswap I made 1.5X and sold. I was happy with that. But unfortunately, the token price grow double every day, then I bought again at the higher price. I thought this was a chance to multiply my portfolio again. Even though it grow 5x but O didn't sell that due to greedy behavior. Eventually, the project rug was pulled and skipped with all the funds. That means I lost everything even including my initial investment. This is how greed destroys us and scammer takes the advantage.

Inevitable and understandable kind of situation. Though it may be called as greedy, but it is the profit that we are always looking for. Not just profit, but huge profit. A high risk high return kind of investment are like gambling. You'll never know whether you win some or lose everything. These rug pulls are kinda being normalized by crypto investors, we are all aware of it but because of its high rewards once you perfectly timed how you enter and exit a project, that's make a lot of people takes advantage of, just like how these scammers take advantage of the people who's chasing to get a huge short term profit.

[merekamo]

usually investing in launchpad or presale is a good opportunity. sometimes new coins can give us an advantage when listed in the market. I've experienced the same thing, when the coin listed on the market increased by more than 80% and that's where we have to make a decision between selling or waiting. In my case, I immediately sold it when it was listed and bought it back when the price dropped. If possible.

[Fundamentals Of]

usually investing in launchpad or presale is a good opportunity. sometimes new coins can give us an advantage when listed in the market. I've experienced the same thing, when the coin listed on the market increased by more than 80% and that's where we have to make a decision between selling or waiting. In my case, I immediately sold it when it was listed and bought it back when the price dropped. If possible.

Not really a good opportunity. That is good only if you hit the right project. But how many projects in a launchpad actually succeeded? How many presales of crypto project tokens have actually given a positive return? It is true that there are a handful of them that actually profited but those are more like exceptions rather than the rule. The rule is that investing in launchpad and presales are risky because many of them will fail.

[justdimin]

It's really sad what happened to you so we know how you feel now, especially those like you who have also experienced that, I think almost everyone here has been through that. But what's worse is that we don't learn because we can't be content. I admit that that has happened to me a few times but in a different way but the concept is almost the same. The one for me is in NFT gaming, which sent me to FOMO and hype. There is no one else to blame but ourselves unless we are directly deceived. We have nothing else to do but accept and always remember so that it does not happen again and again.

I agree, we all have that kind of situation in the end and there is nothing that could be done to stop this, we can only limit it. I know for a fact that we are going to end up with something that will be a bit more selfish, and hope that even though we know it is risky, we could take the profit during the increasing period, and leave before it's rug pulled and let the bomb explode in others hands.

I am not too upset that sometimes it explodes while we are holding it. We deserve it, and we lose money there, but then we learn from it and we get better at it as well, that is how we should approach these things and not any other way, it would be a lot better.

[BitcoinPanther]

A few days back I bought a token from Launchpad. After they Launch on Pancakeswap I made 1.5X and sold. I was happy with that. But unfortunately, the token price grow double every day, then I bought again at the higher price. I thought this was a chance to multiply my portfolio again. Even though it grow 5x but O didn't sell that due to greedy behavior. Eventually, the project rug was pulled and skipped with all the funds. That means I lost everything even including my initial investment. This is how greed destroys us and scammer takes the advantage.

We should sell when we are at a profit.  But not all who do not sell are greedy, I think they have trust in the developer and are very positive that the market will continuously uptrend.  In your case, if you set your selling price and it has not been met, I do not think that it is greed when you end up bag holding worthless crypto because of a rug pull.  It is an unexpected event, and probably already a plan of the developer, from that no one can do anything.

[poodle63]

yes i've seen that kind of people, and most of them are probably never gonna learn that greed could destroy their investment despite already having lost their investment for many times because they are so hellbent thinking they are the choosen ones that gonna make the most out of the market meanwhile really they aren't.
profiting through investment requires logical thinking instead of just pure speculating, holding for too long gonna be harmful for the investment since bullish run not gonna lasts forever anyone should definitely learn from that and greed usually only destroys our investment.

[glendall]

very sad, but true what you say greed destroys our wealth, the same study with me. I've felt that way too. and from then on I just took 2x the profit from Launchpad after that I left it

[TheUltraElite]

We should sell when we are at a profit.  But not all who do not sell are greedy, I think they have trust in the developer and are very positive that the market will continuously uptrend.  In your case, if you set your selling price and it has not been met, I do not think that it is greed when you end up bag holding worthless crypto because of a rug pull.  It is an unexpected event, and probably already a plan of the developer, from that no one can do anything.

A developer may have the notion to pull the plug but they are essentially cheating the investors.

No investor wants this to happen, but talking from the perspective of an investor, one would like to reduce the risk by exiting the asset at a high price before the developers have a chance to rugpull.

This type of mindset will actually lead to a very unhealthy market but it is the case with majority of altcoins - since I dont like this personally, I avoid investing in altcoins nowadays. But for saving the invested money, one would always think to pull out before they pull out.

Greed is not the only thing here, people are hopeful and have goodwill for the project and scammers take advantage of that.

[aioc]

A few days back I bought a token from Launchpad. After they Launch on Pancakeswap I made 1.5X and sold. I was happy with that. But unfortunately, the token price grow double every day, then I bought again at the higher price. I thought this was a chance to multiply my portfolio again. Even though it grow 5x but O didn't sell that due to greedy behavior. Eventually, the project rug was pulled and skipped with all the funds. That means I lost everything even including my initial investment. This is how greed destroys us and scammer takes the advantage.

There are a lot of bad projects on launchpad I am also a victim of these tokens we all thought that projects coming from launchpad are great because of the criteria and the requirements these developers are following on launchpad, but make no mistake about it, you still need to do your own research and be very diligent don't rely on the launchpad or support coming from an exchange, rug pull projects are like this, they like to go where legit projects are going 

[South Park]

yes i've seen that kind of people, and most of them are probably never gonna learn that greed could destroy their investment despite already having lost their investment for many times because they are so hellbent thinking they are the choosen ones that gonna make the most out of the market meanwhile really they aren't.
profiting through investment requires logical thinking instead of just pure speculating, holding for too long gonna be harmful for the investment since bullish run not gonna lasts forever anyone should definitely learn from that and greed usually only destroys our investment.

Together with greed the thought that somehow an investor is special and the market will simply bow to their desires is one of the main causes of people losing so much money in the markets, after all with tens of thousands of altcoins in the market to invest in a single coin and believe that we are going to pick the right one and it will skyrocket right after we bought is nonsensical, so even if it did happen it would mean nothing as we would have gotten lucky and nothing more, and sooner or later that luck will run out.

[S3300]

A few days back I bought a token from Launchpad. After they Launch on Pancakeswap I made 1.5X and sold. I was happy with that. But unfortunately, the token price grow double every day, then I bought again at the higher price. I thought this was a chance to multiply my portfolio again. Even though it grow 5x but O didn't sell that due to greedy behavior. Eventually, the project rug was pulled and skipped with all the funds. That means I lost everything even including my initial investment. This is how greed destroys us and scammer takes the advantage.

This is a good example that no one can get rid of greed once and for all, there will come a time where greed will take over once again and you will make the same mistake, even a pro-investor or trader can still be a victim of his or her own greed.

[ethereumhunter]

Greed will surely make us lose everything like what you experienced. Never chase profit even if it seems easy to do because we don't know what will happen in the next minute. If you have managed to get 5x profits, you better stop chasing it and enjoy your profits and look for other coins. This is a valuable lesson for all of us that if you get a big profit, immediately leave it all before you lose your profit.

[Iyeman]

it has actually happened frequently, so many traders out there getting greedy and missed the right chance of realizing their profits.
These kind of greedy traders think their asset gonna grow everyday for eternity but that's really isn't the case at all, correction is always there for any altcoins that has gained tremendous valuation so far.
even bitcoin always gonna have correction, therefore if you think you have made quite the return of investment it's always great to make decision of realizing your return of investment so far.

[CHALLCHI]

Sorry about your loss, i can relate to your story. As cool as the idea of a digital currency might seem, it's a mine field. You can lose a lot within a twinkle of an eye. It has been used to defraud so many naïve people trying to invest in it. My opinion is that it's not wise to invest your money in Bitcoin or any cryptocurrency. If you put all your eggs in a basket, you might suffer a complete loss. But when you invest some funds in the stock market, other funds in bonds or ETFs, and some in real estate, you increase your chances of higher earnings and fewer losses. One thing I'll advice you not to do is invest in bitcoin or cryptocurrency in general. There are lots of fake investment companies out that look real but they are not, they'll sweet talk you into investing with the aim of getting huge returns in a short period of time. It's all a lie, they'll take your money and keep asking for more or do a rug pull leaving you penniless. I've been a victim of a cryptocurrency scam, well organized fraud. I'm glad i was able to recover my investment with the assistance of the vaultech team. I explained my issue to them through  vaultechservices @ protonmail . com and my issue was resolved. I wont advice anyone to put their hard earned money in crypto. Its a good thing to invest, its another thing to be wise about what to invest your money in. Cryptocurrency is surely not one of them. 

[VictorIBT]

Yup.
At the end of the day, we'll all go back to private blockchains, as we'll own our privacy. Just like cash.
People getting tired of hacks and info leaks will just move into proof of work privacy coins with strong capabilities.

I'd look into https://twitter.com/beamprivacy if I were you. I'm currently mining at a loss, but idc tbfhwy. 

[LogitechMouse]

A few days back I bought a token from Launchpad. After they Launch on Pancakeswap I made 1.5X and sold. I was happy with that. But unfortunately, the token price grow double every day, then I bought again at the higher price. I thought this was a chance to multiply my portfolio again. Even though it grow 5x but O didn't sell that due to greedy behavior. Eventually, the project rug was pulled and skipped with all the funds. That means I lost everything even including my initial investment. This is how greed destroys us and scammer takes the advantage.

I have my own solution with that even though I rarely invest into new projects.
Not seeing the price movement of that token at all whenever I got a profit already.

Trust me forgetting and not seeing that token's price is very hard because every time, you will be tempted to look at it and see if it goes down or up, but it will all comes to one word and that is DISCIPLINE. It's very hard to not see at the price of it but if you will think of a way to not look it then that's good.

Maybe do other things for a few hours like going outside or simply playing online games. That might help you, but still there are some investors who can't control themselves. I don't blame the thing that the OP did because many investors are doing the same as well, but maybe this serves as a lesson not only for the OP but for us as well who are investing into new tokens.

[bounceback]

A few days back I bought a token from Launchpad. After they Launch on Pancakeswap I made 1.5X and sold. I was happy with that. But unfortunately, the token price grow double every day, then I bought again at the higher price. I thought this was a chance to multiply my portfolio again. Even though it grow 5x but O didn't sell that due to greedy behavior. Eventually, the project rug was pulled and skipped with all the funds. That means I lost everything even including my initial investment. This is how greed destroys us and scammer takes the advantage.

If only if you immediately exit the market when you have benefited from the initial investment even if only with a small amount then you don't have to feel it, but because we are human beings, we certainly can't always avoid greed and maybe almost all members in this forum too I've felt the same way you are feeling right now and I personally also experienced it when dealing with shitcoins last year.

[Victorik]

That's why it is always said 'never trust the dev'.
Sorry for the lose mate. This is crypto and shits like this are bound to happen.

But to be safe side, always invest what you can afford to lose, cause it might happen.

[sayaya17]

A few days back I bought a token from Launchpad. After they Launch on Pancakeswap I made 1.5X and sold. I was happy with that. But unfortunately, the token price grow double every day, then I bought again at the higher price. I thought this was a chance to multiply my portfolio again. Even though it grow 5x but O didn't sell that due to greedy behavior. Eventually, the project rug was pulled and skipped with all the funds. That means I lost everything even including my initial investment. This is how greed destroys us and scammer takes the advantage.

If only if you immediately exit the market when you have benefited from the initial investment even if only with a small amount then you don't have to feel it, but because we are human beings, we certainly can't always avoid greed and maybe almost all members in this forum so I've felt the same way you are feeling right now and I personally also experienced it when dealing with shitcoins last year.

I also had the same experience when I became too greedy and bought a shitcoin at its highest peak. I didn't consider the fact that its increase was just carried by the hype. Sometimes aiming for too much will also be a reason for you to lose more but it should also serve as a lesson. We can't control ourselves to chase more profit despite the risk but we still have to set boundaries and limits.

When investing, we do not only manage finances properly, but we also have to control our emotions. Because some people do sometimes make
the wrong decisions when they can't control their emotions well. Actually as long as we can stick to our plan when investing, which we will sell
at the target we set, everything should be fine. Or it will be much safer if we take profit after we are already profitable and don't be obsessed
with big profits. But because humans are greedy, which always wants to make as much profit as possible. Finally, profits that should be easy to get,
can just disappear because of uncontrollable greed. That's why it's important that we focus on the plan and always control our emotions well.
And most importantly we must be able to learn to be grateful with a small profit.