Excessive greed is detrimental to investment

[LDL]

When I was new to cryptocurrency I was totally ignorant about market prediction, volume, future plans.  Then I invested in some cryptocurrencies.  After a few days of investment, I made quite a few dollars.  But due to little knowledge about the market and excessive greed, I did not sell the crypto currencies I invested in the market at that time.  So currently I am at a loss of $14000.  Now I have no alternative but to wait for a long time.  Finally I would like to say one thing from my real life, don't get too greedy in cryptocurrencies and hold any particular coin for a long time.  It has the possibility of much more loss than profit.

My Investment Portfolio

Will the market go to the previous position?

[1715685687]

1715685687

[Queentoshi]

don't get too greedy in cryptocurrencies and hold any particular coin for a long time.  It has the possibility of much more loss than profit.

I don't consider holding bitcoin for as long as I can as being too greedy, I will only say I am greedy when I hold altcoins that the projects are not strong for a long time. There is usually pumping, and dumping involved with cryptocurrency, if you buy an Altcoin when it is pumping, if you have made your profit, it is best you trade it for a stable coin to secure your investment, rather than waiting for it to pump more. Waiting to make more profit after you have made a reasonable profit from an altcoin is greed and can make you lose your investment.

[inthelongrun]

I am feeling sorry for the devaluation of your investment. But my goodness! Did someone convinced you to invest in those specific coins? Why did you invest $15,000 on projects that are not even in the top 50? Newly launched coins and small market cap coins are not the best for people that are new to crypto. And those coins are not for the long term due to their very high risks. They are often called lottery coins, your money might reach x200 but your investment value can also drop to x-200 folds if they fail. I am not against investing in lottery coins but the amount should be something you are willing to lose.

[crunck]

A lesson worth $14k is too expensive but in the end it teaches you a lesson and hopefully you will apply it in the future. But what you are saying is only true for your portfolio filled with altcoins, those altcoins will go up again or never will. If it is bitcoin it will be different, investing in btc you will not lose anything.

[Fesatmas]

Greed is still greed, it cannot be said to be excessive or not, because if we are greedy then the negative side is attached to us.
This is a very valuable lesson for you to be able to learn from experiences that are detrimental to you at this time. You can fix this in the future as long as you don't give up because of a fairly large loss. When we come into crypto investment we have to be prepared to experience something that will result in us losing. And also we have to be smart to take advantage when we get it. Don't let greed rule your mind.

[shinratensei_]

No problem your investment can comeback anytime. The key is if you must be patience waiting for another bullish trend. My portfolios were also decreasing so hard like you but im not even feeling worry as i never lose my money but i just my unrealized profit.
The key must be the bullish sentiment that can bring back your money again. I do know how you do feel once you bought them at the top of price and then your portfolios were decreasing so hard like roller coaster.
I think that what you can do just be patience and waiting for some luck to come very soon.

[ethereumhunter]

Greed will not give you anything but the losses you will get. In investing in crypto, when you have seen multiple profits, that's the right time to take your profits immediately before the opportunity is gone. You have had previous experience and must be able to learn from that experience so that you are not greedy and can take advantage at the right time. Hopefully, all your coins can increase again in the next altcoin season so that big profits can replace your losses. So, for now, you have to be patient and keep trying to invest in bitcoin.

[adaseb]

You are not the only one. Look at how many people lost money in the stock market last year which is considered much safer than crypto. Stocks like Facebook, Netflix all had huge drawdowns, some even higher than crypto.

Look at how many people basically lost 100% due to all these lending platforms and FTX that went down. Its been a tough year for investing. Should of stayed in all cash at the bank pretty much.

[asriloni]

This year was pretty much the same like 2018 once crypto has been going down so hard. I hope that you must not be surprised that if your portfolios were decreasing a lot to the bottom. This caused by the dump that happened with the whole of crypto market. If you have been picking the wrong rate to invest your money and you must be careful with the pump that can come anytime as well. I think that there have been many people who faced the same problem like you. You must not disappointed yourself. You are still having another chance to make it back again.
This time my become the best year for the accumulation. We didn't know what's gonna happen with crypto then. Bitcoin may able to recover next year.

[bitgolden]

It's okay to not totally rely on market predictions because they are just a prediction anyway and there is no assurance that they will come true but knowing the volume of the coin is important before you invest. Last but not the least is planning or future plans. We can just jump in without a plan because there is a tendency that we will sell early or sell late. In short, we are going to be confused if what we are going to do.

It's not wrong to skip selling and keep on hodling for the long term but what is only wrong on your part is that you pick up the wrong set of coins. If only you have invested in btc, eth and other top coins, then there is still a big chance that they will recover and you can still earn more with them.

[cryptomaniac_xxx]

Why you say greed? maybe you didn't sell on the top because you are still thinking that the price will continue to go up? I guess this is just a lesson, however, what you got is just a paper lost, you didn't sell anything so what you see it just in paper.

In any case, then just hold on your portfolio, and just wait for the right time to sell them. It might take years as we are still in the beginning of the bear market and it could be worst in the next year. So just brace yourself, look at the bright future and continue to accumulate and increase your portfolio. This whole crypto investing is a journey so it's better that you have the patience.

[KennyR]

You are not the only one. Look at how many people lost money in the stock market last year which is considered much safer than crypto. Stocks like Facebook, Netflix all had huge drawdowns, some even higher than crypto.

Look at how many people basically lost 100% due to all these lending platforms and FTX that went down. Its been a tough year for investing. Should of stayed in all cash at the bank pretty much.

The ongoing year have provided the best as well as the worst out of the investment. This had happened out of luck in some means, because the well analysed investment fails whereas the one that is being taken out of random choice support in making good margin out of the investment.

During this period FTX, Luna Terra, Celcius and more cryptocurrency have landed the crypto investors in 100% loss. However saving in the banks too have turned to be unprofitable, as the interest provided were very low and we don't have control over our funds.

[Bitcoin_Arena]

When I was new to cryptocurrency I was totally ignorant about market prediction, volume, future plans.  Then I invested in some cryptocurrencies.  After a few days of investment, I made quite a few dollars.  But due to little knowledge about the market and excessive greed, I did not sell the crypto currencies I invested in the market at that time.  So currently I am at a loss of $14000.  Now I have no alternative but to wait for a long time.

I learned my lesson back in 2017-2018

Just so you know, some of the tokens you are holding will never return to a new all-time high. Some others will continue all the way to zero. Don't bee too hopeful with the shitcoins. Only hold coins that are solid like Bitcoin

[Ayers]

No problem your investment can comeback anytime. The key is if you must be patience waiting for another bullish trend. My portfolios were also decreasing so hard like you but im not even feeling worry as i never lose my money but i just my unrealized profit.
The key must be the bullish sentiment that can bring back your money again. I do know how you do feel once you bought them at the top of price and then your portfolios were decreasing so hard like roller coaster.
I think that what you can do just be patience and waiting for some luck to come very soon.

I don't think so, if your portfolio and OP's are bitcoins then I would say what you say is true because bitcoin will always bounce back after the end of a bear cycle. But if it's an altcoin and like the OP, I doubt it would be a real losing investment, because altcoins' resilience is slim. The 3 altcoins that OP holds are just low cap coins and just a temporary trend in the market, if that trend can't return to the market don't expect your asset to recover.

[tbct_mt2]

When I was new to cryptocurrency I was totally ignorant about market prediction, volume, future plans.

You don't need to have predictions but you need plans to manage your capital.

Volume in market is like blood in living things and you must pay attention on Trading volume.

Finally I would like to say one thing from my real life, don't get too greedy in cryptocurrencies and hold any particular coin for a long time.  It has the possibility of much more loss than profit.

With Bitcoin, you should hold it as long as possible, maybe at least 4 to 8 years. After two halving cycles, I am sure you will end with very enjoyable profit.

Will the market go to the previous position?

When you invest in a bear market like now at prices are very lower than all time highs, you will get good profit when they reclaim their past all time highs. Honestly, you don't need to see a new all time high to double your capital.

Like one year ago, if you want to double your capital, you must see Bitcoin touches $120,000 or $130,000 but now you only need to see it moves up back to $30,000 to double your capital. That is very good chance.

[blockman]

That's a lot of loss but for sure there are a lot of us in here that are currently in paper loss more than your $14000. Well, the lesson is there and we shouldn't be greedy when profits are already in front of us. We should take every lesson that we learn from our investments in the crypto market.
Also, I've noticed that you didn't take bitcoin from your stash, with that amount you should have at least near to 1 bitcoin with that loss that you've got but during that time when you're able, the price of bitcoin could be a bit higher and quite expensive. But still, it's good to have it, anyway I wish you'll recover from these losses you've got for now.

[wheelz1200]

When I was new to cryptocurrency I was totally ignorant about market prediction, volume, future plans.  Then I invested in some cryptocurrencies.  After a few days of investment, I made quite a few dollars.  But due to little knowledge about the market and excessive greed, I did not sell the crypto currencies I invested in the market at that time.  So currently I am at a loss of $14000.  Now I have no alternative but to wait for a long time.  Finally I would like to say one thing from my real life, don't get too greedy in cryptocurrencies and hold any particular coin for a long time.  It has the possibility of much more loss than profit.

My Investment Portfolio

Will the market go to the previous position?

This cycle happens over and over again.  Greed literally drives the entirety of the crypto markets.  When it goes up it goes up way to high because of greed and completely levels people's investments because the downside is so harsh.  Depends on what ypu put ypu money in if it will go back up or not.  If it's based on bitcoin than you should be fine.  If you threw money at fringe projects very likely you will never see that money come back.

[GreatArkansas]

(....)
Will the market go to the previous position?

Based on my experience, the answer is yes especially when I experienced the bull market and bear market during 2017 - 2018.

BUT, not all projects will recover, what I experienced before was I love buying some new altcoins or random altcoins on the market, I'm exchanging my Bitcoins or Ethereum for those random altcoins and later on, after the bear market and the market started to recover, those random altcoins I bought was not doing the same thing like other high market cap coins. Which is really disappointed.

It's not mean that the market recovers, all projects who lost their value will recover too.

[el kaka22]

Honestly the portfolio and the coins there look like definitely a bad decision and a problem on OP's side. If he ended up buying btc, eth, bnb, ltc and so forth than he wouldn't be this much down, and even if he was, the recovery would be guaranteed. However when you buy stuff like vulcan, ispolink and myid, none of which I have ever heard before let alone can say anything good or bad, then you kind of deserved to lose money.

Buy things that are up there and could be known by most of the world, not stuff that are low cap, because if you do then losing is inevitable. Sure you lose if you bought bitcoin too, but at least it has a brighter future than these shitcoins.

[dunfida]

Will the market go to the previous position?

No one knows but if we do speak about All time highs then it would surely takes a long time or wouldnt really happen specially on some coins in the market.On this case then you arent the only ones who are really into

this kind of condition where you do really miss out those opportunity on selling out and even myself did lost thousand of dollars due to that greed.Therefore, the best thing to do is to move on
and learn up those lessons even though it did really cost up that much.

Greed could really fucked you up and we would only just stressing out ourselves on thinking into those opportunities had slipped away.