Silberman
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January 08, 2023, 02:50:54 AM |
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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. It is nice to see someone which gets it, a portfolio needs to have a balance in which the majority of it is composed by assets that are very strong and which you can hold for a long time, and then a small amount of your capital can be invested in assets which offer the possibility of higher profits with a higher risk, however newbies are too extreme on the portfolios they make as they are only interested in the profits they can get and they decide to not invest in bitcoin or ethereum and instead focus only on high risk coins, and while sometimes this can bring great results, most of the time what we see instead are horror stories in which they lose everything.
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Chainsmokers
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 08, 2023, 03:09:52 AM |
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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. Yes the possibility will always exist and we know for ourselves that in crypto anything can happen, looks like you have high hopes on PYR but anyway we need to see developments over time, Of course, we never know what will happen next
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redsun114
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 08, 2023, 09:47:08 PM |
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Having greed is good, its the stupid mistakes that make you lose money. Greed is wanting more money, holding more than you should is not "greed", its a mistake, if you know what you are doing then you would sell at the top and buy at the bottom and make more money aka be greedy.
So all in all, do not make all the mistakes confused with each other, because emotions in trading world is very dangerous and mistaking which emotion is which could be even worse and that's an important thing.
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carlfebz2
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 08, 2023, 11:42:34 PM |
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Having greed is good, its the stupid mistakes that make you lose money. Greed is wanting more money, holding more than you should is not "greed", its a mistake, if you know what you are doing then you would sell at the top and buy at the bottom and make more money aka be greedy.
So all in all, do not make all the mistakes confused with each other, because emotions in trading world is very dangerous and mistaking which emotion is which could be even worse and that's an important thing.
Greed is never been good because this would be pushing you on becoming that desperate when it comes to making money which you would really be that not minding about those basic analysis that you have done earlier just because you had made yourself that confident that you could still make some money.This is why you should really not make yourself that greedy because it would really make some mistakes that you might be able to regret later on.This is why proper handling of emotions and and self control is really that necessary specially when dealing up with trading. You cant really be that making yourself that confident because its always been a challenge on handling yourself on an unpredictable market.
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lienfaye
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 09, 2023, 01:41:34 AM |
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Having greed is good, its the stupid mistakes that make you lose money. Greed is wanting more money, holding more than you should is not "greed", its a mistake, if you know what you are doing then you would sell at the top and buy at the bottom and make more money aka be greedy.
So all in all, do not make all the mistakes confused with each other, because emotions in trading world is very dangerous and mistaking which emotion is which could be even worse and that's an important thing.
You made mistake because of your greed to hold more and I see no difference. If you want more then that means you're greedy and it's not just a mistake because you're the one who decide to take that risk, hoping to gain. Well, it's a human nature to be greedy, because who don't want to earn more than you should right? But we need to control ourselves and think of the present. If you already earn then take profit already, buy back and hold. It just depends on our strategy on how to take advantage the opportunity for our own benefit.
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rodskee
Full Member
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Merit: 204
★Bitvest.io★ Play Plinko or Invest!
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January 09, 2023, 01:46:58 AM |
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Having greed is good, its the stupid mistakes that make you lose money. Greed is wanting more money, holding more than you should is not "greed", its a mistake, if you know what you are doing then you would sell at the top and buy at the bottom and make more money aka be greedy.
there is a way of greed to use as goodness while there are more to losing , if you are a Bitcoin investor or those ranking coins then yes you can rely in Holding and having greed in thoughts but if in Shitcoin? then you are a loser completely. So all in all, do not make all the mistakes confused with each other, because emotions in trading world is very dangerous and mistaking which emotion is which could be even worse and that's an important thing.
emotion must not be in trading time because this will add more losing when you decide feeling bad or over happy.
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kapalmabur
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 09, 2023, 09:02:29 AM |
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Having greed is good, its the stupid mistakes that make you lose money. Greed is wanting more money, holding more than you should is not "greed", its a mistake, if you know what you are doing then you would sell at the top and buy at the bottom and make more money aka be greedy.
So all in all, do not make all the mistakes confused with each other, because emotions in trading world is very dangerous and mistaking which emotion is which could be even worse and that's an important thing.
You made mistake because of your greed to hold more and I see no difference. If you want more then that means you're greedy and it's not just a mistake because you're the one who decide to take that risk, hoping to gain. Well, it's a human nature to be greedy, because who don't want to earn more than you should right? But we need to control ourselves and think of the present. If you already earn then take profit already, buy back and hold. It just depends on our strategy on how to take advantage the opportunity for our own benefit. Such is indeed human nature, those who are greedy will always feel lacking with what they have obtained, in this case it is very important to control yourself and for some people they usually don't realize it, greed is pointless and will only make us lose more.
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uneng
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 09, 2023, 05:53:48 PM |
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Having greed is good, its the stupid mistakes that make you lose money. Greed is wanting more money, holding more than you should is not "greed", its a mistake, if you know what you are doing then you would sell at the top and buy at the bottom and make more money aka be greedy.
So all in all, do not make all the mistakes confused with each other, because emotions in trading world is very dangerous and mistaking which emotion is which could be even worse and that's an important thing.
You made mistake because of your greed to hold more and I see no difference. If you want more then that means you're greedy and it's not just a mistake because you're the one who decide to take that risk, hoping to gain. Well, it's a human nature to be greedy, because who don't want to earn more than you should right? But we need to control ourselves and think of the present. If you already earn then take profit already, buy back and hold. It just depends on our strategy on how to take advantage the opportunity for our own benefit. I believe we can't misunderstand greed with ambition. I think @redsun114 meant ambition by his example, because that is what lead us to seek for more money, for better life quality, for status and every other human needs that for some seem bullshit, but for others are necessary for their personal fulfillment and happiness. Greed, on the other hand, is the insatiable characteristic some people have inside themselves. In this case nothing is enough for the person. He can have all the money of the world, best life standards and status on his society, but he still want more, even though it's not possible. These people losing all their money trading and gambling due to greed would act in the same manner if they were in a superior position, and some of them were for a while and lost everything for being insatiable!
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doomloop
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 09, 2023, 08:24:40 PM |
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I believe we can't misunderstand greed with ambition. I think @redsun114 meant ambition by his example, because that is what lead us to seek for more money, for better life quality, for status and every other human needs that for some seem bullshit, but for others are necessary for their personal fulfillment and happiness.
Greed, on the other hand, is the insatiable characteristic some people have inside themselves. In this case nothing is enough for the person. He can have all the money of the world, best life standards and status on his society, but he still want more, even though it's not possible. These people losing all their money trading and gambling due to greed would act in the same manner if they were in a superior position, and some of them were for a while and lost everything for being insatiable!
Great that you break it down in order for them to clear out what they are talking about. So, according to your explanation, we can clearly see that ambition is much better than greed but too much ambition can occur too for us humans and this doesn't differ anymore from being greedy. Speaking of greedy, many of us are currently suffering from it even though we know that it's wrong. In life, we should have this so-called contentment so that we won't fail if we are already at the highest peak of our careers. A lot of poor have this trait already but I think they need to try harder because they are still at the lowest point of their lives.
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Psynthax
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January 09, 2023, 10:53:29 PM |
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most of the time, greed affects emotionally and therefore makes bad decision, becoming greedy is okay as long as you still have some logic in your investments decision,if your greed really affected you to the point that it caused you to miss so many chance of generating good returns just because you think the value might increase even more then only that your greed will really make you goes broke.
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peter0425
Sr. Member
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CryptopreneurBrainboss managerial service
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January 10, 2023, 01:15:11 AM |
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most of the time, greed affects emotionally and therefore makes bad decision, becoming greedy is okay as long as you still have some logic in your investments decision,if your greed really affected you to the point that it caused you to miss so many chance of generating good returns just because you think the value might increase even more then only that your greed will really make you goes broke.
Greed is part of emotion and attitude meaning once you have those then surely you are greedy and deserve nothing but losses in this kind of risky and volatile market, if you cannot be contented in small but not too risky investing then accept the defeat everytime . I knew someone who had been successful in being greed but that happens only once in a blue moon and not each time or in each people inside crypto.
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rodskee
Full Member
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January 10, 2023, 04:12:52 AM |
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Having greed is good, its the stupid mistakes that make you lose money. Greed is wanting more money, holding more than you should is not "greed", its a mistake, if you know what you are doing then you would sell at the top and buy at the bottom and make more money aka be greedy.
So all in all, do not make all the mistakes confused with each other, because emotions in trading world is very dangerous and mistaking which emotion is which could be even worse and that's an important thing.
You made mistake because of your greed to hold more and I see no difference. If you want more then that means you're greedy and it's not just a mistake because you're the one who decide to take that risk, hoping to gain. Well, it's a human nature to be greedy, because who don't want to earn more than you should right? But we need to control ourselves and think of the present. If you already earn then take profit already, buy back and hold. It just depends on our strategy on how to take advantage the opportunity for our own benefit. Such is indeed human nature, those who are greedy will always feel lacking with what they have obtained, in this case it is very important to control yourself and for some people they usually don't realize it, greed is pointless and will only make us lose more. and for sure this is one best way to lose everything as you will keep seeking for growth even without complete knowledge and skills. greed are the reason why many of people here losses their funds specially in Altcoins that we knew many are created to be scamming and not truly to bring profit.
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cloirecrom
Newbie
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January 10, 2023, 05:33:47 AM |
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i dunno what metric you use when investing. but there is a diff with meme coin(hype token) and real utility token with it real market and usage. for the first one it should be pump and dump, exit take it all, as for second it all depend on you research is token undervalued how much it real value is?
as for your portofolio, crypto market will rise again, but the question will be will the token you invest survive? and for greed, never use your emotion when investing. always question yourself when buy or sell. why you do it now? is it emotion? or backed by real data and analytic.
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sana54210
Legendary
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January 10, 2023, 09:44:32 PM |
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Great that you break it down in order for them to clear out what they are talking about. So, according to your explanation, we can clearly see that ambition is much better than greed but too much ambition can occur too for us humans and this doesn't differ anymore from being greedy.
Speaking of greedy, many of us are currently suffering from it even though we know that it's wrong. In life, we should have this so-called contentment so that we won't fail if we are already at the highest peak of our careers. A lot of poor have this trait already but I think they need to try harder because they are still at the lowest point of their lives.
Greed is one of the seven sins, and even if we do not believe in religion, it does bring some sort of consequences that is not nice at all. If you could end up with a lot of money then you could say that consequences were worth it for this much money and cover the difference, but if you are greedy AND not make any money with it, then you will face those same consequences while also not being rich. I could be a millionaire by this summer, I truly could, but that would mean not only I would be hated by everyone I know, but also probably be sued by many I don't know. Does it worth it? Absolutely not, zero chance I would do it, hence I feel like I am not greedy.
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poodle63
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January 10, 2023, 10:04:40 PM |
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Having greed is good, its the stupid mistakes that make you lose money. Greed is wanting more money, holding more than you should is not "greed", its a mistake, if you know what you are doing then you would sell at the top and buy at the bottom and make more money aka be greedy.
So all in all, do not make all the mistakes confused with each other, because emotions in trading world is very dangerous and mistaking which emotion is which could be even worse and that's an important thing.
honestly it's hard differentiating greedines and just mistakes, I mean if someone is holding for longer just because they want more profits isn't that essentially a greed, because they just want more and more despite already having good profit if they could just realize their floating profits, i'd consider decision that was made before hand basically part of strategy as a mistake if it turns out wrong but if it's holding for longer just for more profit and as it turns out, the coin is losing value instead, I think it's just greed, nothing more.
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Silberman
Legendary
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Activity: 2604
Merit: 1360
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January 11, 2023, 03:47:41 AM |
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Having greed is good, its the stupid mistakes that make you lose money. Greed is wanting more money, holding more than you should is not "greed", its a mistake, if you know what you are doing then you would sell at the top and buy at the bottom and make more money aka be greedy.
So all in all, do not make all the mistakes confused with each other, because emotions in trading world is very dangerous and mistaking which emotion is which could be even worse and that's an important thing.
honestly it's hard differentiating greedines and just mistakes, I mean if someone is holding for longer just because they want more profits isn't that essentially a greed, because they just want more and more despite already having good profit if they could just realize their floating profits, i'd consider decision that was made before hand basically part of strategy as a mistake if it turns out wrong but if it's holding for longer just for more profit and as it turns out, the coin is losing value instead, I think it's just greed, nothing more. And that is because most mistakes are in a way highly related to a desire to get more profits, it is because of this that if we want to trade the markets we need to do so not only with a strategy that we have verified it can make money over the long term, it also needs to be a strategy that relies exclusively on objective evidence, that way when your strategy tells you must sell then you have no other option but to do it, that way you will have no reason to involve your emotions, emotions which could lead you to make a major mistake.
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btc78
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January 11, 2023, 05:17:03 AM |
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Having greed is good, its the stupid mistakes that make you lose money. Greed is wanting more money, holding more than you should is not "greed", its a mistake, if you know what you are doing then you would sell at the top and buy at the bottom and make more money aka be greedy.
So all in all, do not make all the mistakes confused with each other, because emotions in trading world is very dangerous and mistaking which emotion is which could be even worse and that's an important thing.
honestly it's hard differentiating greedines and just mistakes, I mean if someone is holding for longer just because they want more profits isn't that essentially a greed, because they just want more and more despite already having good profit if they could just realize their floating profits, i'd consider decision that was made before hand basically part of strategy as a mistake if it turns out wrong but if it's holding for longer just for more profit and as it turns out, the coin is losing value instead, I think it's just greed, nothing more. it is more differentiate if what kind of coins are we holding to determine our greediness , if you are keeping shitcoin and even if it already increase 100 and yet you are waiting ? then that would be greedy , But if you are keeping like Bitcoin or top coins? then waiting even for how many years cannot be consider as greed because there are always potential of climbing.
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monineklutak
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January 11, 2023, 10:37:43 AM |
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Having greed is good, its the stupid mistakes that make you lose money. Greed is wanting more money, holding more than you should is not "greed", its a mistake, if you know what you are doing then you would sell at the top and buy at the bottom and make more money aka be greedy.
So all in all, do not make all the mistakes confused with each other, because emotions in trading world is very dangerous and mistaking which emotion is which could be even worse and that's an important thing.
honestly it's hard differentiating greedines and just mistakes, I mean if someone is holding for longer just because they want more profits isn't that essentially a greed, because they just want more and more despite already having good profit if they could just realize their floating profits, i'd consider decision that was made before hand basically part of strategy as a mistake if it turns out wrong but if it's holding for longer just for more profit and as it turns out, the coin is losing value instead, I think it's just greed, nothing more. it is more differentiate if what kind of coins are we holding to determine our greediness , if you are keeping shitcoin and even if it already increase 100 and yet you are waiting ? then that would be greedy , But if you are keeping like Bitcoin or top coins? then waiting even for how many years cannot be consider as greed because there are always potential of climbing. True it depends on your coin because Bitcoin and top coins like Ethereum or BNB are very suitable for long term investment, so when we try to hold it in the long term of course it's not greed, other than that storing shitcoin for a long time will only be a waste of time.
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shinratensei_
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January 12, 2023, 11:34:07 PM |
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Having greed is good, its the stupid mistakes that make you lose money. Greed is wanting more money, holding more than you should is not "greed", its a mistake, if you know what you are doing then you would sell at the top and buy at the bottom and make more money aka be greedy.
So all in all, do not make all the mistakes confused with each other, because emotions in trading world is very dangerous and mistaking which emotion is which could be even worse and that's an important thing.
I think either emotion and greeds could really affect in decision making towards any investments and should be getting rid of. so many keep saying that greed and emotions are two different things but the reality is that both could affect in decision making horrendously and could incur losses. it's always good to make strategy beforehand, after all with that we could avoid being greedy and emotions, calculation based on logic should always takes first place than other else. that way your decision gonna be the most effective.
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lienfaye
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January 13, 2023, 10:56:13 AM |
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True it depends on your coin because Bitcoin and top coins like Ethereum or BNB are very suitable for long term investment, so when we try to hold it in the long term of course it's not greed, other than that storing shitcoin for a long time will only be a waste of time.
Not just your time will be wasted but also your money. Why invest in shitcoins if you can buy coins with potential to grow even it takes a long period to profit? The problem is many investors are still investing in shitcoins because they want to earn in a short period, so despite of the risk, they still blindy investing because of their greed. So the choice is up to us, it's our hard-earned money anyway that we'll going to invest.
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