Excessive greed is detrimental to investment

[ultrloa]

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.

Only hold when I think bear market long streak days is over but when I already secure a profit I usually don't hold anymore because I can't take to hold for much longer and then got hit when market is crashing back again. Investors need to realize that believing on to much hype like people tell that they are diamond hands or hodl is little much crazy since this is case to case basis and only applicable only for people which have a lot of money in stash.

[TheGreatPython]

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.

Before those dates that you mentioned, the crypto market is already working like that. It will go up and then it will go down, this cycle never stops but as you said not all coins can recover but only those who can recover are the ones who have a real purpose. For those who want to invest, they may still need to do their research thoroughly and don't just pick up any coins just because you see their price dumping because that dump might be permanent already.

We shouldn't fool by that. What you did before was funny, you exchange worthy coins for the junk coins, but I hope you learned your lesson now. Even if we now have experienced, it is still best to support only the devs that create useful coins because they are the ones who contribute to make the crypto world better.

[lienfaye]

I think most of us experienced the same thing on our investment journey in crypto. But after that we learned a lesson to not be greedy, if you see an opportunity to take profit, go ahead, don't hesitate unless you have a set price and willing to hold and take risk even it takes a long time.

Will the market go to the previous position?

We're not certain about this but if we look back in the past history, the market do bounce back after the long bear season. So to answer your question, if you're holding a good coins then it will likely recover once bear market is over.

[Sang Prabu]

True, in investment we must always be realistic, if we have a profit 100% then we should immediately sell 50% of assets so that we have got the ROI and the remaining 50% we hold if there is hope to continue to grow, sometimes we continue to buy because it looks very good then the price Drop and we are sorry for losing a lot of money, greedy is the initial door for bankruptcy.

[albon]

True, in investment we must always be realistic, if we have a profit 100% then we should immediately sell 50% of assets so that we have got the ROI and the remaining 50% we hold if there is hope to continue to grow, sometimes we continue to buy because it looks very good then the price Drop and we are sorry for losing a lot of money, greedy is the initial door for bankruptcy.

Yes, I completely agree that greed or the first door leads to bankruptcy and loss of money, or when we get good profits from one of our investments, we can exchange the profits into stablecoins to keep these altcoins from price volatility, and we can buy back with another part of the capital, In fact, every investor should stay away from greed and set clear goals for selling without leaving his altcoins in the long term without any goals. Promising altcoins may pump and dump in line with market conditions, supply and demand, but memes coins may pump according to the hype, then greed makes you hold them to get more profits, and this leads to the loss of your capital.

[doomloop]

I think most of us experienced the same thing on our investment journey in crypto. But after that we learned a lesson to not be greedy, if you see an opportunity to take profit, go ahead, don't hesitate unless you have a set price and willing to hold and take risk even it takes a long time.

Will the market go to the previous position?

We're not certain about this but if we look back in the past history, the market do bounce back after the long bear season. So to answer your question, if you're holding a good coins then it will likely recover once bear market is over.

To see a profit and not take advantage of that is the biggest problem in the crypto world. I know for a fact so many people around me lost a bunch of profit just because they didn't want to stop.

Last year my friend who turned 600 dollars into 30k dollars when altcoin prices went up, this was in 2021 bull run so it wasn't a shock, but his 30k dollars is now 2-3k dollars because he declined to sell and still keeping them because he believes they will recover. If he sold at peak and bought today, he would have x10 more tokens, same tokens, could still hold them if he believes them so much but would be 10x more in amount. So people should learn how and when to get out.

[sulendra12]

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.

Wait is the only way for now until you can recover from that losses.
When people claim they have little knowledge about the market and the greed to get more money is what makes people suffer from more losses. I don't mind with getting more profit but by the time the world suffers global recession and the update of cryptocurrency where so many bad news happens, that should be a bad sign for all of the holders or traders to actually stop and think again about the decision.

[Oilacris]

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.

Wait is the only way for now until you can recover from that losses.
When people claim they have little knowledge about the market and the greed to get more money is what makes people suffer from more losses. I don't mind with getting more profit but by the time the world suffers global recession and the update of cryptocurrency where so many bad news happens, that should be a bad sign for all of the holders or traders to actually stop and think again about the decision.

Patience is always the main key when we do really go after for long term investment or thinking up recovery because it cant really be just avoided that we could really be having the negative or floating losses

which means that as long you dont able to sell out those positions then you arent losing anything but if you do then thats a realized loss.Dont make yourself get panicked even though its hard but it would

really be wise on making yourself to get prepared for these conditions or situations.Dont let greed control you and you should need a get a hold of it or else you would
be facing lots of errors and mistakes.

[Pierre 2]

Honestly most of tokens (altcoins without its own native blockchain) are doomed to die when bull market ends. People love to invest excessively in these coins yet when overall pause on markets happen they quickly lose interest, and over time transactions die. In 2018-19 I sadly experienced similar issue when I invested a lot in ICO tokens. I regretted over time but it was over. Its best for OP to be more cautious next time and prefer different coins in next bull run.

[bitgolden]

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.

Wait is the only way for now until you can recover from that losses.
When people claim they have little knowledge about the market and the greed to get more money is what makes people suffer from more losses. I don't mind with getting more profit but by the time the world suffers global recession and the update of cryptocurrency where so many bad news happens, that should be a bad sign for all of the holders or traders to actually stop and think again about the decision.

Waiting is great if you bought btc or eth or something at that level and it went lower, because that means you will be able to actually make that back if you wait. But be careful about not going too lower, because if you buy something that is a shitcoin and it goes down, by all accounts that could never recover and it would be a big mistake for you.

Basically I believe that the best thing to do would be making a bit of profit based on what we can make with this, and that is only possible with the real original ones that makes you money, not the hyped shitcoins that look like they are something today but will be absolutely nothing tomorrow.

[maydna]

Honestly most of tokens (altcoins without its own native blockchain) are doomed to die when bull market ends. People love to invest excessively in these coins yet when overall pause on markets happen they quickly lose interest, and over time transactions die. In 2018-19 I sadly experienced similar issue when I invested a lot in ICO tokens. I regretted over time but it was over. Its best for OP to be more cautious next time and prefer different coins in next bull run.

If the token has no use or is not viable when the bull market ends, people will not want to invest in that token or altcoin because they will tend to look for better tokens or coins. The years 2018-2019 were good years for ICO projects where many ICO projects can earn huge profits. But after that, many ICO projects could not compete with other tokens or coins, so they lost the opportunity to increase again. This will continue to be repeated in the future and make us observant if we want to invest in a new project or project.

[AzamNurWahid]

Actually, with large capital like you have, it will be very easy to get big profits.  But if you play with the new alt, of course it is very difficult to get big profits.  However, if you invest in big coins like btc and eth, then you won't lose as much as now

[Sterbens]

I think most of us experienced the same thing on our investment journey in crypto. But after that we learned a lesson to not be greedy, if you see an opportunity to take profit, go ahead, don't hesitate unless you have a set price and willing to hold and take risk even it takes a long time.

Will the market go to the previous position?

We're not certain about this but if we look back in the past history, the market do bounce back after the long bear season. So to answer your question, if you're holding a good coins then it will likely recover once bear market is over.

There are lessons to be learned from our mistakes which can then be called greed. The fact is that all who have experienced it will change because they have felt it and don't want to repeat the same mistake. Market movements cannot be fully predicted, but I agree that if the coin we hold is a very good coin, then we will return to past prices before this bear season occurs, it's just that we need more patience to get back there.
I now never forget to take profit if my targeted price is reached, and instead I hold on as long as I can because I already got the profit I had earlier. So that way I assume it is my lost money that I will take when I really want to take it.

[Cling18]

There are coins that are just good for a shot term holding while there are also coins that will be worth holding in the long run. Bitcoin is a good choice when it comes to long-term investment so don't consider it a loss if you are still holding it. If you have gained a good profit from altcoins, especially in new projects, better sell it right away and consider the profit that you'll gain and if you want to maximize it, you can rebuy potential coins like Bitcoin, ETH, and BNB which are worth holding for a long time.

[Crypt0Gore]

I'm not so sure about ispolink and my identity coin, I think they won't survive this bear market but Vulcan forged? That's a very strong project mate, the possibility of beating it's old ATH is very high .

I hope you have learnt your lesson, many make the same mistakes in 2018 as they are buying coins at a very high price then market crashed later, it's going to take a long time but the bulls will be back again. HODL

[Baofeng]

Will the market go to the previous position?

Not a financial advise, but for me, yeah, there is a big possibility that we will go and even exceed the last all time high.

So if I'm in your case, despite the paper loss, I wouldn't sell, and I will look at the long term investment and that will be my plan. Obviously, you don't like to be on a loss right? So the only thing you can do is not sell and have the patience to be a long term holder, or at least hold on it till the next bull run and see how your money will be.

Just take this as a lessons learned, a valuable lesson not just for you and for everyone as well that if you want to take profit in a bull run then do it instead of regretting like what the OP is saying here and blaming it on himself because he wanted more.

[nara1892]

There are coins that are just good for a shot term holding while there are also coins that will be worth holding in the long run. Bitcoin is a good choice when it comes to long-term investment so don't consider it a loss if you are still holding it. If you have gained a good profit from altcoins, especially in new projects, better sell it right away and consider the profit that you'll gain and if you want to maximize it, you can rebuy potential coins like Bitcoin, ETH, and BNB which are worth holding for a long time.

That applies to any asset, when we are still holding the coin, we cannot say we are a loss because there is a possibility that the price will return to the price we entered. But the question is how good is the coin so that it can reach the price when we enter or even exceed it? (as long as it's not bitcoin) because I believe if our assets are bitcoin then we just need to be patient to reach ATH again. That is why we cannot be careless in buying any assets, because the risk of owning a worthless coin is the greater the risk.
Yes, I agree that there are coins that we can hold for the short term and there are coins that are intended for the long term. So be smarter in analyzing before deciding where we will invest.

[uneng]

A bull market will come sooner or later, the problem is that the altcoins invested by OP look shitcoins from pump and dump schemes which have their prices boosted artificially, so whales and developers can drop all their holdings on the market for fast profit, but consequently leading the tokens to instant devaluation with no recovery chances, because nobody in sane conscience is going to invest in such altcoins anymore.

As he said, the only way to make profit from these altcoins is to sell them fast, on the moment they present positive oscillation in price superior to the price you have bought. If you wait too long, you may never be able to sell them again, completely losing the investment.

To prevent this dangerous situation, investors should invest mainly in bitcoin, so they will be safe to hold on long run expecting price recoveries and new ATHs.

[sana54210]

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.

First of all, it is a bear year and all new investors are in losses and not just you. So, you need to be light hearted and look for more investments and must go for DCA to get better returns by 2025. Also, you need to invest only on right and potential coins like bitcoin and not into random coins. I am a old crypto adapter hence I am not aware of new things; I ignored all recent developments like defi or nft. If you have invested into bitcoin also, you might be in losses right now but you can be sure about recovery.

High potential coins are having more advantage hence not touching random shitcoins will help you to gain more profits over the time.

[irsykes]

if left waiting for the bull season to arrive at the time of the coming year, our money will definitely return. just need patience if we don't want our money to disappear. if i were you i would forget about those assets and start developing new assets, the bears are almost running out of time a little longer