Excessive greed is detrimental to investment

[babygun]

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.

I would not only invest in BTC, but only in some other strong altcoins such as ETH or BNB. The problem always is that you will start to get greedy when you start getting profit. You see the price of the coin rises and will always want more and more and than it can be too late. You can partially sovle that with setting sell orders at certain limit prices.

[o48o]

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.

I have noticed during my time in crypto that it's harder to sell when you are going up then buying when going down. Also it's easier to sell the bottom out of frustration. When our coin is going up we often  like to think that this is our ticket to financial freedom, and we stop looking for other coins. At that moment we think ourselves as genius investors and that this is new normal. There's no way thig would

when everyone is saying it's crazy to sell now, and you think that there's no way this could go down, you feel like an idiot to sell it, even if you have made 100x profits with it. That's because our brains is looking for more that dopamine, and when it was the coin we hodl that brought it, we get attached to it and don't want to let go.

In a same way when the coin goes down totally rekt we start to build negative feelings towards it and it's easier to let go.

[jostorres]

I would not only invest in BTC, but only in some other strong altcoins such as ETH or BNB. The problem always is that you will start to get greedy when you start getting profit. You see the price of the coin rises and will always want more and more and than it can be too late. You can partially sovle that with setting sell orders at certain limit prices.

He did not say that we should mainly invest in BTC or avoid all the altcoins because he also know that there are still some good altcoins out there which are great to be paired with our BTC investment. He only say that shitcoins and pump and dump schemes are bad and should be avoided because they are too risky to try and make money with.

Being greedy is normal for us humans but I think it's fine to be a little greedy as long as you invest on the safe and suggested coins because they might increase for more and even if you miss the present bull run, you are sure that they can make a good comeback again on the second, third and so on bull runes.

[Silberman]

I would not only invest in BTC, but only in some other strong altcoins such as ETH or BNB. The problem always is that you will start to get greedy when you start getting profit. You see the price of the coin rises and will always want more and more and than it can be too late. You can partially sovle that with setting sell orders at certain limit prices.

He did not say that we should mainly invest in BTC or avoid all the altcoins because he also know that there are still some good altcoins out there which are great to be paired with our BTC investment. He only say that shitcoins and pump and dump schemes are bad and should be avoided because they are too risky to try and make money with.

Being greedy is normal for us humans but I think it's fine to be a little greedy as long as you invest on the safe and suggested coins because they might increase for more and even if you miss the present bull run, you are sure that they can make a good comeback again on the second, third and so on bull runes.

It is natural that when we make a plan we want things to go as we expect, so for example if we invest in bitcoin we expect that we will obtain more money than whatever we invest in it, that is not even greed, that is just the way humans behave normally, however people can get very greedy when they expect that a shitcoin achieves a 100x growth, that is greed and unfortunately it is very common as there are many people that actually believe they can identify and invest in a coin like that.

[abel1337]

I would not only invest in BTC, but only in some other strong altcoins such as ETH or BNB. The problem always is that you will start to get greedy when you start getting profit. You see the price of the coin rises and will always want more and more and than it can be too late. You can partially sovle that with setting sell orders at certain limit prices.

He did not say that we should mainly invest in BTC or avoid all the altcoins because he also know that there are still some good altcoins out there which are great to be paired with our BTC investment. He only say that shitcoins and pump and dump schemes are bad and should be avoided because they are too risky to try and make money with.

Being greedy is normal for us humans but I think it's fine to be a little greedy as long as you invest on the safe and suggested coins because they might increase for more and even if you miss the present bull run, you are sure that they can make a good comeback again on the second, third and so on bull runes.

It is natural that when we make a plan we want things to go as we expect, so for example if we invest in bitcoin we expect that we will obtain more money than whatever we invest in it, that is not even greed, that is just the way humans behave normally, however people can get very greedy when they expect that a shitcoin achieves a 100x growth, that is greed and unfortunately it is very common as there are many people that actually believe they can identify and invest in a coin like that.

That is why we make a plan, to make our goals more realistic. We do make a plan to achieve the goals we want and in those plans, It is composed of series of step that could be followed in order to achieve the goal. That goal for us is profit. Formulating a plan isn't being greedy, Stepping out more than your goal is greedy given that the plan you make isn't for that reason. It isn't that bad to level up the goals you have but I think it should be done on separate plan and not over extending your way on making that profit. Investing on a sh*tcoin can be profitable but it's hard to expect it to grow that much.

[klidex]

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.

I would not only invest in BTC, but only in some other strong altcoins such as ETH or BNB. The problem always is that you will start to get greedy when you start getting profit. You see the price of the coin rises and will always want more and more and than it can be too late. You can partially sovle that with setting sell orders at certain limit prices.

I agree with your opinion, I have also said several times in this forum that an investor must have a profit target in the assets he invests.
Even though the price of the asset has experienced an increase in price but has not reached the target price, it must be kept. Don't regret it later if, after selling it, the price rises higher and exceeds the target you have been waiting for.
Confidence and strong determination must really be instilled in the soul of an investor and this is not included in the greed of investing.

[Marykeller]

The depressing aspect of hodling altcoin is that you never know what the future holds for it during a bearish market or whether it will make it through a bearish season to a bull market. It's terrible that altcoins typically don't survive bear markets; just hope that the altcoin you own will return your profits during the bull market because losing a $14k investment in cryptocurrency is devastating to comprehend.

All you can do now is to keep hodl of your altcoins investment, believing that few of them(not all) will skyrocket during the bull market to give you back your profits returns

[CryptoYar]

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.

This is not just happened to you many people have bought coins/tokens at high prices they were expecting a recovery after every dip and eventually now they are at this stage where they have no other option than holding.

Will the market go to the previous position?

Yeah, I believe. Bitcoin will hit its new all-time high again.

[TheGreatPython]

The depressing aspect of hodling altcoin is that you never know what the future holds for it during a bearish market or whether it will make it through a bearish season to a bull market. It's terrible that altcoins typically don't survive bear markets; just hope that the altcoin you own will return your profits during the bull market because losing a $14k investment in cryptocurrency is devastating to comprehend.

All you can do now is to keep hodl of your altcoins investment, believing that few of them(not all) will skyrocket during the bull market to give you back your profits returns

If you are holding an unknown or small cap thing and not bitcoin or ethereum or bnb, then you "do not know" what the future holds. But to me, even during the bear markets I trust them so much that I buy more and more of them.

This is why it's such a great investment for me since it makes me a lot of profit. Of course some people buy altcoins with like 10 million dollar marketcap total, and then they worry what's going to happen during the bear market because it could crash and be zero and never recover from there. I do not believe that ethereum or bnb will be like that and it will stay strong and that is how people should invest, into strong coins.

[carlfebz2]

The depressing aspect of hodling altcoin is that you never know what the future holds for it during a bearish market or whether it will make it through a bearish season to a bull market. It's terrible that altcoins typically don't survive bear markets; just hope that the altcoin you own will return your profits during the bull market because losing a $14k investment in cryptocurrency is devastating to comprehend.

All you can do now is to keep hodl of your altcoins investment, believing that few of them(not all) will skyrocket during the bull market to give you back your profits returns

If you are holding an unknown or small cap thing and not bitcoin or ethereum or bnb, then you "do not know" what the future holds. But to me, even during the bear markets I trust them so much that I buy more and more of them.

This is why it's such a great investment for me since it makes me a lot of profit. Of course some people buy altcoins with like 10 million dollar marketcap total, and then they worry what's going to happen during the bear market because it could crash and be zero and never recover from there. I do not believe that ethereum or bnb will be like that and it will stay strong and that is how people should invest, into strong coins.

Majority of people would really be keeping an eye into those current top coins in the ranking on overall cap which they could really make themselves that comfortable on making out some investment.

Greed is never been good but on some certain extent we are all hoping to get some profits out of those investments.Due to unpredictability then there's no way that we could really be able
to predict on what would happen next to come.

Just make yourself be able to bare up with the risk and think up about having those wise decisions and be versatile for whatever situations or outcomes might set in.

[ningrum]

I would not only invest in BTC, but only in some other strong altcoins such as ETH or BNB. The problem always is that you will start to get greedy when you start getting profit. You see the price of the coin rises and will always want more and more and than it can be too late. You can partially sovle that with setting sell orders at certain limit prices.

He did not say that we should mainly invest in BTC or avoid all the altcoins because he also know that there are still some good altcoins out there which are great to be paired with our BTC investment. He only say that shitcoins and pump and dump schemes are bad and should be avoided because they are too risky to try and make money with.

Being greedy is normal for us humans but I think it's fine to be a little greedy as long as you invest on the safe and suggested coins because they might increase for more and even if you miss the present bull run, you are sure that they can make a good comeback again on the second, third and so on bull runes.

It is natural that when we make a plan we want things to go as we expect, so for example if we invest in bitcoin we expect that we will obtain more money than whatever we invest in it, that is not even greed, that is just the way humans behave normally, however people can get very greedy when they expect that a shitcoin achieves a 100x growth, that is greed and unfortunately it is very common as there are many people that actually believe they can identify and invest in a coin like that.

Plans are an important part of the strategy and at least they can minimize risk,
we must be able to place expectations according to their place and sometimes people forget about that so that it makes them greedy,
expectations that are too high can sometimes be disappointing when they are not achieved

[uneng]

I would not only invest in BTC, but only in some other strong altcoins such as ETH or BNB. The problem always is that you will start to get greedy when you start getting profit. You see the price of the coin rises and will always want more and more and than it can be too late. You can partially sovle that with setting sell orders at certain limit prices.

Yes, investors are used to always want a little more. When they see a currency is rising, they tend to avoid selling, because they want to benefit themselves from the maximum potential that currency can offer them at that currently moment. They prefer to put the entire investment at risk for a potential extra 5%, 10% profit, which may never happen, as once the positive trend ceases, a sudden and deep crash is possible in a matter of few minutes, sometimes. That is what we call a bear trap, and it's not that unusual to happen in crypto market.

[tygeade]

It is natural that when we make a plan we want things to go as we expect, so for example if we invest in bitcoin we expect that we will obtain more money than whatever we invest in it, that is not even greed, that is just the way humans behave normally, however people can get very greedy when they expect that a shitcoin achieves a 100x growth, that is greed and unfortunately it is very common as there are many people that actually believe they can identify and invest in a coin like that.

Plans are an important part of the strategy and at least they can minimize risk,
we must be able to place expectations according to their place and sometimes people forget about that so that it makes them greedy,
expectations that are too high can sometimes be disappointing when they are not achieved

Planning is important but it could also be our downfall if we stick to our plan too religiously. I mean we may have a bad plan and it may not work and in return we may lose a lot of money, which is not good at all. We should focus on how we could make more money with whatever we have, and if things change then we should reconsider our plan as well. That way it would be a lot better, it would give us a chance to recover from the losses if the initial plan was bad, and then make more money.

I know it is not an easy decision to change your plans mid-wave if something is happening, but we need to be ready for it. I have not done it too frequently, and just a big holder, never sell, but if I sold at 68k and bought now? Boy oh boy.

[Xal0lex]

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.

For a beginner, you have chosen a portfolio that is too risky with only 3 shitcoins, which is very little for diversification. Your portfolio has no stablecoins, no blue chips, so it's in deepest drawdown. If you had free money, now you would not just sit and wait, but you could buy more assets or average buying growing assets, but you are constrained in the movements, because initially your risk management was 0, it just wasn't there in the first place. It's not a matter of greed, it's a matter of not knowing how to manage risk.

[Silberman]

Plans are an important part of the strategy and at least they can minimize risk,
we must be able to place expectations according to their place and sometimes people forget about that so that it makes them greedy,
expectations that are too high can sometimes be disappointing when they are not achieved

Planning is important but it could also be our downfall if we stick to our plan too religiously. I mean we may have a bad plan and it may not work and in return we may lose a lot of money, which is not good at all. We should focus on how we could make more money with whatever we have, and if things change then we should reconsider our plan as well. That way it would be a lot better, it would give us a chance to recover from the losses if the initial plan was bad, and then make more money.

I know it is not an easy decision to change your plans mid-wave if something is happening, but we need to be ready for it. I have not done it too frequently, and just a big holder, never sell, but if I sold at 68k and bought now? Boy oh boy.

While there is no doubt that plans should always be up to a revision in the case the events forced you to the point it was needed to do this as circumstances changed in an extreme way, at the same time a plan needs to include several scenarios, even the worst we think it may happen, this way if it came it happen then we are not going to be taken by surprise and we will be able to react quickly to the negative events currently taking place.

[JeffBrad12]

greed is the cause of bankruptcy in investing most of the time but as long as you keeps analysing before investing and considers many thing before putting your money in some project I think even if you are greedy you could still make some profits out of your investments.
it's not only greed that could cause your investments becomes failure but the inability to choose good and promising coins through analysis even though sometimes in cryptocurrency some coins just increase in value out of nowhere even with really bad tokenomics, etc.

[shinratensei_]

for everyone that seemed greedy with their investments they should just make strategy before hand and planning, that way your greed wouldn't influence your decision, you should always in line with your planning and by then you would get the most logical decision you would made like ever.
the thing is that, so many that becomes greedy despite knowing that they are quite literally in state of greediness and requires more calm still try to make some of the most absurd decision because they are influenced by their emotion, they are investing too emotionally that as you said could be quite detrimental towards their investments in general.
everyone should make their investments decision with calm in their mind therefore they could make really wise decision.

[Strongkored]

My Investment Portfolio



Will the market go to the previous position?

I see Vulcan Forged on your investment list where this token has lost over 90% from its last ATH. Many coins can come back or make it to the latest ATH but many more end up being worthless at all, and PYR will most likely not touch its last ATH.
This is a valuable lesson that many projects are only good at the beginning with all the promises but don't have the ability to survive, if you don't have a problem with losses then you can sell it now as long as this coin still has value because this coin might not go anywhere but die slowly and make you get nothing, but the decision must come from yourself and consider many things.

[fuguebtc]

My Investment Portfolio



Will the market go to the previous position?

I see Vulcan Forged on your investment list where this token has lost over 90% from its last ATH. Many coins can come back or make it to the latest ATH but many more end up being worthless at all, and PYR will most likely not touch its last ATH.
This is a valuable lesson that many projects are only good at the beginning with all the promises but don't have the ability to survive, if you don't have a problem with losses then you can sell it now as long as this coin still has value because this coin might not go anywhere but die slowly and make you get nothing, but the decision must come from yourself and consider many things.

There is no way of being sure that the PYR token will never go back to the old ATH, no one can predict the future, no one can tell us what will happen in the future. OP's mistake of not taking profit when it is profitable and over-investing in altcoins, this is a lesson for all of us. If OP's portfolio is bitcoin, then even if he doesn't sell them at ATH, there's nothing to worry about. Regarding my prediction on the above 3 projects, I am interested in PYR, I believe it is the project that will have the ability to recover the 3 tokens that OP is holding.

[darewaller]

While there is no doubt that plans should always be up to a revision in the case the events forced you to the point it was needed to do this as circumstances changed in an extreme way, at the same time a plan needs to include several scenarios, even the worst we think it may happen, this way if it came it happen then we are not going to be taken by surprise and we will be able to react quickly to the negative events currently taking place.

This is exactly why I have majority of my portfolio in big name coins like bitcoin and ethereum, and only a small portion of it in smaller scale coins like OP had. This results with me being a bit safe and low risk while keeping the profits to a realistic level, while also giving me a chance to make a great profit from some small thing if it happens.

If all of my small cap stuff goes to zero tomorrow, a simple 10% increase in bitcoin covers them all, but if one of the small cap stuff goes 100x, that could be as much as my bitcoin as well. That type of balance allows you to make a good amount of profit, and gives you a good chance to continue investing without a worry.