Another example is how greed destroy crypto investors.

[Xal0lex]

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.

The developer is a person financially interested. Most IDOs held on Pancakeswap are scam, in other words REKT. If there is an opportunity to make money on such tokens, then only at the beginning, when there is hype, then all these tokens after the launchpad start to fall in value very quickly. Such tokens are very expensive to hold and very often the deposit from holding such tokens for a long time can decrease dozens of times and leave the investor with a lot of garbage.

[Vaskiy]

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.

The developer is a person financially interested. Most IDOs held on Pancakeswap are scam, in other words REKT. If there is an opportunity to make money on such tokens, then only at the beginning, when there is hype, then all these tokens after the launchpad start to fall in value very quickly. Such tokens are very expensive to hold and very often the deposit from holding such tokens for a long time can decrease dozens of times and leave the investor with a lot of garbage.

Most IDO reach until pancakeswap listing. Once after that the regular trading volume could help them listed on next tier of exchanges. Many stop there due to the lack of funding required to get listed. Very few move further from pancakeswap. This is how majority turn to be scam, even when the team and project objective is good.

[bittick]

this is the reason if you have liquidated your investments you should instead invest in other coin instead, even if the coin that you just liquidated seems interesting and could grow even further but if you instead reinvests again it will immediately losing its value, if you invested in some very fluctuative coins before, it's wiser if you then move on and instead reinvests in better coin like eth.

[Lagduf]

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.

Yeah but it must be noted if the whales who pump the tokens might be losing as well. It can't be denied if the pumpers might come from the team itself who are pumping the price to attract the more buyers. Sometimes this strategy being used by scammers to attract more victims to come and they will be filing the pool with more and more liquidity in the market.

[Xal0lex]

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.

The developer is a person financially interested. Most IDOs held on Pancakeswap are scam, in other words REKT. If there is an opportunity to make money on such tokens, then only at the beginning, when there is hype, then all these tokens after the launchpad start to fall in value very quickly. Such tokens are very expensive to hold and very often the deposit from holding such tokens for a long time can decrease dozens of times and leave the investor with a lot of garbage.

Most IDO reach until pancakeswap listing. Once after that the regular trading volume could help them listed on next tier of exchanges. Many stop there due to the lack of funding required to get listed. Very few move further from pancakeswap. This is how majority turn to be scam, even when the team and project objective is good.

They also have another version of distributing new tokens, called IFO. If you look at the trading volume of tokens launched on pancakeswap, you can see that most of them are not even 1 million. You can look here. If I see that a new ido is preparing to list on pancakeswap only for now, I will not participate there because the risk of REKT is very high.

[Luffygroove]

Oh, that saddens me to hear. People don't have to go through it to understand the potential dangers of the crypto realm, but it is expensive nonetheless. You've given me hope that I won't have to say this to you a second time: maybe we can all learn something from the mistakes of others. I agree that, in addition to our knowledge, our emotions are critically important, and that greed is among the most significant things that could lead us astray. When making financial decisions, we should put our emotions in check and rely more on reason. Keep this in mind at all times: despite the difficulty, it is not impossible.

[BobK71]

Such situations are very common when investing in sheet projects. I invested in a project called Citizen Finance that dealt with Metaverse Gaming. There my investment was $1200 and after holding it approximately six moths i sold it for $1500. At that time the price per token was $52 and I sold it for $85. But within a week of the sale, the price of the token rose to $340. But my luck was good, I wanted to invest again but the price was too high, I waited for a while. Later they changed the smart contract and drastically down the token price to cents. Scammers are constantly creating traps so don't be much greedy.

[michellee]

Oh, that saddens me to hear. People don't have to go through it to understand the potential dangers of the crypto realm, but it is expensive nonetheless. You've given me hope that I won't have to say this to you a second time: maybe we can all learn something from the mistakes of others. I agree that, in addition to our knowledge, our emotions are critically important, and that greed is among the most significant things that could lead us astray. When making financial decisions, we should put our emotions in check and rely more on reason. Keep this in mind at all times: despite the difficulty, it is not impossible.

Learning from the mistakes of others is something we must do so that we can get something that can help us in developing what we already have. As long as we don't chase profit, we can overcome the greed that will come upon us because we will think that if we already have profit, we can immediately take it. We can also control our emotions and see if we can still wait a bit or if we should shut down and take advantage of it. But that happens to many people, including me because it is not easy to control emotions, especially when you see a green candle appear in front of you.

[Xxmodded]

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.

Sad heard about your losing but become experience at the future how to manage and stop greedy when investing in cryptocurrency actually with altcoin listed and available exchange with dapp only. I think early listing some coin from launchpad have good impact with price increase, but remember few days later price will going dump if your project joining without have good roadmap seems listing on CEX market. You have get profit with 1.5x from launchpad price but better spent each 50% to sell with different price, if later going pump you still have chance earn much profit more than 1.5x, but if price down you still get back with your capitall.

[Mpamaegbu]

this is the reason if you have liquidated your investments you should instead invest in other coin instead, even if the coin that you just liquidated seems interesting and could grow even further but if you instead reinvests again it will immediately losing its value, if you invested in some very fluctuative coins before, it's wiser if you then move on and instead reinvests in better coin like eth.

This is easier said than done. Only those who don't trade will think it's an aberration to sell for profit and then want to buy back at a dip. Of course, that's what it always seem like until you discover that the coin you just sold isn't slowing down and then the anxious ones will start chasing price. They end up buying at a higher price and are exposed to more risk than they would've been the first time. You're right. However, what isn't that easy is the advice to buy into another coin. No one truly can tell what project will be an explosive winner so they can quickly invest in it. This is why this industry is highly speculative. We can only take a guess by navigating the murky waters with the aids of indicators and fundamentals.

[merekamo]

I'm sad to hear that. One thing you should avoid, do not buy tokens in large quantities when the tokens are still in the Launchpad (ICO) stage. Because some Investors believe that Launchpad will give them a return on their investment.

Second, if you have sold tokens and then get a profit, I don't think you should buy again when the price is still high. So, just stop there.

[TheUltraElite]

I'm sad to hear that. One thing you should avoid, do not buy tokens in large quantities when the tokens are still in the Launchpad (ICO) stage. Because some Investors believe that Launchpad will give them a return on their investment.

Launchpad prices and market prices after 6m show a huge difference, and this not similar to IPO markets, here the losses prevail and investors who buy in huge amounts at tokesales are the biggest losers if they have not sold at the first pump.

Sadly this also means that the project would no longer be profitable for any new investors and also not develop further eventually the devs will vanish just like they appeared, leaving the investors hanging.

Second, if you have sold tokens and then get a profit, I don't think you should buy again when the price is still high. So, just stop there.

This is also true and this is the reason why trading ends up being linked to a game of chance like the dice game on casinos.

[fvb]

Many have made the same mistake, myself included. As you say, greed is one of the main mistakes in our life. I came to the conclusion that if you have already made a profit, you should not return to this, but it is better to forget and move on.

[mdzahed134]

Like you, i have many similar experiences in crypto investment.  But most of the time i bought at high price but price was crashed, even right now i hold a few coins if sold it at the right time then definitely i made 2x-4x profit, but now those tokens almost worthless. So, i think i lost due to excessive greed.

[serjent05]

Many have made the same mistake, myself included. As you say, greed is one of the main mistakes in our life. I came to the conclusion that if you have already made a profit, you should not return to this, but it is better to forget and move on.

I think almost all of us experience this kind of mistake.  I also has an altcoin that were once less than a dollar.  I got around 3k+ of it and the token was pumped to $19+ I failed to sell it thinking that it will surge more.  So I keep on holding the token until I realized it was too late to sell because the token become worthless.

I'm sad to hear that. One thing you should avoid, do not buy tokens in large quantities when the tokens are still in the Launchpad (ICO) stage. Because some Investors believe that Launchpad will give them a return on their investment.

There are instances when a token on launchpad gives profit to investors, so many investors try their luck and invest during the initial stage of coin selling.  But we must make sure that we had done our research before investing in these kinds of projects.

Second, if you have sold tokens and then get a profit, I don't think you should buy again when the price is still high. So, just stop there.

True, we must not FOMO after we sell at a profit.  Often times  investors got burn when they buy back during the price surge.   We should wait for the right time such as correction and price drop and make sure that the project developer will not abandon the project.

[Jackl87]

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.

First of all sorry for your loss OP. I just hope that you did not lose any money that you need for you daily life, in the end i think the most important thing that you need to remember as a crypto investor is that you should never ever invest money into cryptos that you need, because there always is the chance that you lose all of your invested money as it just happened to you.
Also i would say that greed is the main factor why we are all here in the crypto space. We all heard stories of those guys that bought cryptos for 10$ like 5 years ago and that are now millionaires and we are dreaming about achieving the same event though we know the chances are like 1 in a million so i would not be to hard to yourself.

[FanEagle]

this is the reason if you have liquidated your investments you should instead invest in other coin instead, even if the coin that you just liquidated seems interesting and could grow even further but if you instead reinvests again it will immediately losing its value, if you invested in some very fluctuative coins before, it's wiser if you then move on and instead reinvests in better coin like eth.

This is easier said than done. Only those who don't trade will think it's an aberration to sell for profit and then want to buy back at a dip. Of course, that's what it always seem like until you discover that the coin you just sold isn't slowing down and then the anxious ones will start chasing price. They end up buying at a higher price and are exposed to more risk than they would've been the first time. You're right. However, what isn't that easy is the advice to buy into another coin. No one truly can tell what project will be an explosive winner so they can quickly invest in it. This is why this industry is highly speculative. We can only take a guess by navigating the murky waters with the aids of indicators and fundamentals.

I understand that there is a good understanding why it's hard to trade, and why it is easier to say "buy low, sell high" but at the same time there are a lot of people who make huge mistakes as well, and that's obvious.

It means, even though it is not easy to trade, it is easy to not trade in a silly way and you could avoid that. Sure the great traders still make mistakes, but they make them a lot less and even if they fail to make a profit, it could be in a reasonable way and that makes sense. This is why I doubt that it would be hard to stop trading in a silly and newbie ways, just learn how to trade and even if you make mistakes it would be fine.

[bittick]

Many have made the same mistake, myself included. As you say, greed is one of the main mistakes in our life. I came to the conclusion that if you have already made a profit, you should not return to this, but it is better to forget and move on.

agreed with this, what's important is that after making profit we shouldn't even regret even if the value of the coin is keeps rising because that's how it is with investments in general you just never could make 100% forecasts in regard of the value of the coin you invested in, you just acts according how much you wanna make from your investments in general.

[tvplus006]

I think this is not greedy, but trying to get maximum profit, when the price of rising then the natural thing to continue holding with the hope of the market continues to rise, I once missed the opportunity to sell BNB at a price of $ 400 before drop, and this certainly became an important lesson for us to be wise.

In this case, the correct strategy would be to sell in parts when the coin reaches a certain price range. This is what is used by most traders. I also prefer to move the stop loss higher as the price increases. In this case, when the price of the coin is adjusted, you fix the profit at almost the highest possible price.

[TravelMug]

Many have made the same mistake, myself included. As you say, greed is one of the main mistakes in our life. I came to the conclusion that if you have already made a profit, you should not return to this, but it is better to forget and move on.

I think this is not greedy, but trying to get maximum profit, when the price of rising then the natural thing to continue holding with the hope of the market continues to rise, I once missed the opportunity to sell BNB at a price of $ 400 before drop, and this certainly became an important lesson for us to be wise.

It's just the same isn't it? I mean you already made money, but you look back and see that the price is going up and you don't want to missed the boat and wanted more profit.

So the OP re-invested and still didn't sell when he had a opportunity to make a profit again because he wanted more. I think that is the classic definition of being greedy in crypto market. For me once a sold and make money on a certain project, I don't look back so that I won't regret my decision specially if the price goes up again, just saying.