Another example is how greed destroy crypto investors.

[abel1337]

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.

I've been doing this kind of strategy that is selling bit by bit of my token holding if I'm uncertain of where the price would go. It's effective in having less regret when the price is going more than you are expecting. I've been on different market scenarios and regretted on many things about selling early but I always think that profit is profit no matter how small it is. If I regret so hard, One of my copping mechanism is not to view that certain token for some days or weeks so that I can reset my mind and won't affect my emotions in getting greedy because of the regret I experienced.

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[Ararbermas]

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.

actually its not bad idea to get back and make investment again but be smart and of course make sure that the project who want to pick again for investment has a potential to make new progress especially when it comes long run because many investors have faild on it as they're still assuming that it still can promise since they got good return from it.  Nope its always good to took some times to analyse the project very well to assure that your money is still in a safe hand.. Be smart and be wise!

[Woodie]

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.

Ouch this should have given you a headache after thinking through why you never took profits early like you did for the 1.5x, but then again sometimes greed can be rewarding if you ask me imagine if you didn't take profits out at 1.5X and waited for the 5X to happen... It would mean that more profits secured and a good investment story to tell. But unfortunately, we can't be masters of all trades which is why we need investment plans that can be followed mechanically...E.g If the portfolio grows 5X we need to remove profits to secure the bag no matter how promising an asset may seem which might actually be a solution of removing emotional decisions and allow for a more disciplined funds management.

[NewRanger]

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.

actually its not bad idea to get back and make investment again but be smart and of course make sure that the project who want to pick again for investment has a potential to make new progress especially when it comes long run because many investors have faild on it as they're still assuming that it still can promise since they got good return from it.  Nope its always good to took some times to analyse the project very well to assure that your money is still in a safe hand.. Be smart and be wise!

we should not give up with our mistakes or something else ,if we were in this condition and still feel Regrets maybe its not our world. To get success in crypto market we will face many failure included greedy that maybe make our profit turn to losses. Always do research on every projects we Will buy ,make sure we have target to take profit.

[seleme]

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.

This strategy isn't applicable to all types of coins. Some altcoins pump and turn their value into zero later on. Those coins aren't good for holding so we should take advantage of their pump and sell whatever we have because if we'll try to accumulate more, we might only have regrets in the end. Greed could really turn our profits into losses.

There is no perfect investment strategy and money management, eventually the correction will happen on the markets. Risky altcoin markets have huge potential but the higher reward means higher risks. After few attempts to break  ATH level on charts can be analyzed as the end of bull momentum that means it is exit time for me but greedy investors keep holding position to get more and more. Greed and fear are two enemies of traders.

[Rengga Jati]

holding too long could incur loss instead, I think many that have invested usually have lost some of their profits because greed that keeps them holding their invested coin for too long, this is why strategy is essential since if you have the strategy at what mark you're gonna cash out your investments surely this could gets avoided, even though there is chance you miss higher value.

It means that not all long-term holding is promising and worthy. There are some pros and cons of long-term holding, and there are some ways to make our long-term holding to be worthier and more promising. This will largely depend on what cryptocurrency we are holding for so long. If it's Bitcoin, this will certainly be more promising. But if it's altcoins, then it's no better guarantee, especially if it's from a new project. Many investors are disappointed because holding new project tokens is too long so their value always decreases and even disappears into dead coins.

[fuguebtc]

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.

holding too long could incur loss instead, I think many that have invested usually have lost some of their profits because greed that keeps them holding their invested coin for too long, this is why strategy is essential since if you have the strategy at what mark you're gonna cash out your investments surely this could gets avoided, even though there is chance you miss higher value.

I don't think holding too long will cause a loss, it depends on whether the coin you are holding has potential or not or it is just a junk coin, and not a held coin for a long time will also bring great profits. That is why before investing we always have to research and classify our portfolio, what are long-term goals and what are short-term goals. OP mistake, I believe we all make this mistake, this is not only to remind newbies but even old investors make this mistake, once you fail to control your greed, you will become the object of scams.

[gantez]

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.

I think this strategy to adjust and make to gain more profit can also be a risk because you have to keep watching the price to adjust it and this will keep you steady there and stress you. At some times it gets higher when you are suppose to cut out your profit but the price drop making you lose some potential profit away from your gain. Using stoploss adjustment is not better when you are pulling it down , you lose more if you miss your profit target.

[bittick]

Lesson for everyone, thank you for sharing with us but I believe that people will not learn from the experience because greed is always something that we cannot control. I used to tell myself not to be greedy, knowing enough is enough, but it really doesn't work when I see the profits in my account increase rapidly. Only when it's gone do we realize we were wrong.

agreed with this one, even though we know how we should invests, but greedy is really difficult to control since our greediness always forces us to either keeps waiting until the value goes higher, some of us might mistake it for patience actually it's just greed, meanwhile the end results is that we gonna lose all the unrealized increase of value in our assets at the end which is really disappointing.

[KellyHands]

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.

It's quite unfortunate and to be candid, issues of this nature are experienced daily by people in the cryptocurrency space. Most people can relate with this and that's how we gain our experience. I'm so sorry for the sad experience but that doesn't mean you're greedy, you were only trying to get best out of the market and that's what most people do.

[KaliLinux]

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.

You are right and this I as have said in my previous post that, being greedy in crypto investment has been stressed enough that investors shouldn't be greedy and also have a target of when to take profit and forget what happens net.
Also, I see that this was a new project, some Investors always clamor for investing in new projects claiming that is where you can easily make 50X-100X from investment which could be so as you mentioned but investors also forget that these new projects are prone to RugPull and are more risker.

[lixer]

Sorry to hear but this is a fact. I have been a victim of this many times, But in forex trading. The point is to learn the lesson no matter how it is learned. The easiest way to avoid this kind of experience I think is if you exit a project and it gets pumped then at least avoid getting into it again or should wait for a long correction.

yes, and that experience seems to almost everyone who has been in the crypto world for a long time. the same thing happened to me too, it's just, the coins I hold, I never sell them, even when they hit high ATH. it made me regret when the price of the coin dumped so far. Even today, I still hold on to it. because from that experience, I always take the opportunity when I have made a profit, and avoid entering a project when the price is still very high, or still reaches its ATH.

So what is your point of buying and hodling if you won't sell them even at their ath? Don't tell me that you are just a coin collector? But I think it won't work on here since cryptos has a lot of supply and there are always people that are willing to sell their coins for some cold cash. What coins was that by the way? If that was btc, eth or other top crypto then the decision of hodling it until now can be fine but if not then you will have a slim chance for them to recover.

You only need a miracle and some whales may try to pump it up. The last thing that you said is correct however there are still people like the op who are tempted to ride a moving train. Some of them are already lucky to earn but they got greedy and expect for more so what they receive instead is a bad karma or a loss.

[blockman]

It's quite unfortunate and to be candid, issues of this nature are experienced daily by people in the cryptocurrency space. Most people can relate with this and that's how we gain our experience. I'm so sorry for the sad experience but that doesn't mean you're greedy, you were only trying to get best out of the market and that's what most people do.

When we're trying to get the best from the market, we don't intend to make things worse but only the best of it. But, some events really are turning things from our expectation and making things go unplanned.

You only need a miracle and some whales may try to pump it up. The last thing that you said is correct however there are still people like the op who are tempted to ride a moving train. Some of them are already lucky to earn but they got greedy and expect for more so what they receive instead is a bad karma or a loss.

That happens when you're not satisfied yet with what you're seeing despite that you've made a profit already. Still, you want to insist and go for more as you try to make money from it.

[Smack That Ace]

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.

Most people are aware that greed will cost us, but when we are in that situation and see those profits, we don't want to let it go, it is for those moments of weakness that we have to pay dearly. It can be said that these things will be repeated often if we do not have a specific goal in the first place because basic greed is very difficult to control. For me, I learned that once I hit my goal and make a profit I will never look back at that coin again, can say forget it even if it goes higher or it gets dumped, we shouldn't care once we take profit or sell.

[Punakawan]

True, greedy will make us regret and of course make others lose money, greedy in Cryptocurrencies is to continue hold even though it is a big profit, and when the red market occurs then regret because it does not sell when it is clearly able to get profit.

[Mpamaegbu]

Because some Investors believe that Launchpad will give them a return on their investment.

But of course, that was true and many IDOs and ICOs performed very well then. Sadly, not any more. In 2021, launchpad was very much profitable. The ROI (Return On Investment) was unimaginable (I doubt if we can return to that era again), profit was assured even with the first distribution which was often 10% of the entire quantity individuals bought. I say this from experience.

[Bitstar_coin]

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.

Yes bro, greed and fomo always the reason why investors always lose funds and also fall into scams. If you were contented with your first trade this would not have happened to your funds. This are the tough choices an investor needs to make when it comes to selling, sometimes the revers is the case, after selling the price keeps going and you will be in total regret (especially when the project is such that has all the ingredients to succeed).
If it was something easy to detect, investors would pull out their investment immediately they sense the project has the tendency to scam but that is not something very easy to know. Too bad this has happened.  

[uneng]

It works just like the 'crash' game at casinos. You keep seeing your multiplier going up, but become too greedy to leave before the game crashes, until it finally crashes and you lose your entire bet because you wanted a bigger slice of the cake. Altcoins' market is an advanced crash game. You can make some profit on short run, but the more you 'play', more likely it is going to be you are going to hit a deep loss.

The proposal of an altcoin must be analyzed very well before investing. If you rely only on speculative profit through trading with pump and dump, it's not a good investment at all.

[Sterbens]

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.

Yes bro, greed and fomo always the reason why investors always lose funds and also fall into scams. If you were contented with your first trade this would not have happened to your funds. This are the tough choices an investor needs to make when it comes to selling, sometimes the revers is the case, after selling the price keeps going and you will be in total regret (especially when the project is such that has all the ingredients to succeed).
If it was something easy to detect, investors would pull out their investment immediately they sense the project has the tendency to scam but that is not something very easy to know. Too bad this has happened.  

Greed is the main enemy for an investor. Greed can destroy us even in seconds. We must devise strategies to prevent greed from taking over us. one of them we can take capital and profits and leave some for us to leave in our portfolio, it will suppress greed. I have done this and can be said to be successful in suppressing our natural nature, which is greed.

[Natalim]

make your strategy at the initial investments and always follow your strategy until you succesfully liquidated, your financial decision shouldn't be based from your emotion otherwise this kind of case gonna let you make really bad decision in your investments journey. I guess greedines is always the main reason that so many of us failing to get advantage of the market even though we know our investments already increasing in value.

Let's say it was the main reason why many people are losing but also this is a reason why people reach their goal because of their aggressive pursuit and greediness to reach their dream. Therefore, I'd say that greediness is bad if mismanage but if it is doing good and controlled, that absolutely a reason for our success. It fails because we fail to decide the right thing and many people got this.