Excessive greed is detrimental to investment

[len01]

correctly. if we realize that it is a fact that shitcoin is a coin that will only get a momentary profit and usually it is caused by hype. if a particular shitcoin doesn't get great hype, it's obviously just going to be 0.
This kind of thing is sometimes ignored by those who believe too much in shitcoin that it will soar like saving stones and hoping it will turn into gold.
like in the past few months there have been several shitcoins that are hype and are being talked about, at that time the prices became higher and starting today the prices started to dump. it has become one of the clear evidence that shitcoin is indeed not feasible for the long term and only for the short term or to get quick profits.
instant or overnight mindset, it must be avoided.

I don't invest in shitcoin because of my proven and tested system. When I was new in the market, I keep finding the next 100x altcoin and it is one of my regrets because it made me greedy and lose my capital in my early journey as an investor. Anyway I stop it and I just trade good altcoins with my system and I'm glad that it makes me a profitable trader. There are a lot of hype altcoins and we should avoid it, for those people who keep riding the hype then make sure that the money that you are using cannot damage your psychology and it is just a spare money because most of it are scams where after the hype, the massive dump appears.

well that's it. because someone who is greedy certainly starts with wanting to profit 1000x and thoughts like this will always be in the mind causing investors to become greedy and lose their money.
if you see, a shitcoin that has pumped 1000x will definitely only pump temporarily and after that throw it away and will not happen again. almost all shitcoins are like that, so you have to be careful with incidents like that.
it's actually quite simple to get more profit choose altcoin or bitcoin by saving a large amount and holding it for the long term, it will be better.
but I am not giving financial advice.

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[rodskee]

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.

some of those who trusted Shitcoin are the people with greedy attitude and mindset thinking that those coin can make them rich overnight in which mostly end up them being a loser and cry baby.
I believe that for them to succeed they must learn the hard ways.

correctly. if we realize that it is a fact that shitcoin is a coin that will only get a momentary profit and usually it is caused by hype. if a particular shitcoin doesn't get great hype, it's obviously just going to be 0.
This kind of thing is sometimes ignored by those who believe too much in shitcoin that it will soar like saving stones and hoping it will turn into gold.
like in the past few months there have been several shitcoins that are hype and are being talked about, at that time the prices became higher and starting today the prices started to dump. it has become one of the clear evidence that shitcoin is indeed not feasible for the long term and only for the short term or to get quick profits.
instant or overnight mindset, it must be avoided.

but we must admit that Shitcoin sometimes bringing  big return (but rarely lol) so we cannot blame others that trying their luck on it , though never that i become a greedy like that because I would rather invest in single coin such Bitcoin or Ethereum than risking my money in almost impossible task of gaining.
and also if we are going to check the data , only few shitcoin passes profit and almost everything losses.

Yes but the chances are very small to get big profits so I don't think shitcoin is the right choice if you aim to make big profits,
investing in top coins certainly makes much more sense to make profits,
obviously it all depends on the decision of each.

there is nothing big to lose if we will only invest small amount I mean just a chicken part of our money and try out chances to buy something we can afford to lose though it isnt advisable to invest in shitcoin yet I knew that there are some of us who truly trusted those coin for sometime now.

[n0ne]

there is nothing big to lose if we will only invest small amount I mean just a chicken part of our money and try out chances to buy something we can afford to lose though it isnt advisable to invest in shitcoin yet I knew that there are some of us who truly trusted those coin for sometime now.

Yes, When we invest what can be afford to loss then the investment turns to be risk free. Most of the time people turn greedy looking someone who have won big out of shitcoins and memecoins. We need to understand it is their luck that brought the profit and not the perfect prediction.

[ningrum]

there is nothing big to lose if we will only invest small amount I mean just a chicken part of our money and try out chances to buy something we can afford to lose though it isnt advisable to invest in shitcoin yet I knew that there are some of us who truly trusted those coin for sometime now.

Yes, When we invest what can be afford to loss then the investment turns to be risk free. Most of the time people turn greedy looking someone who have won big out of shitcoins and memecoins. We need to understand it is their luck that brought the profit and not the perfect prediction.

It's impossible to predict perfectly and we also can't expect continuous luck,
everyone has the same goal of making a profit but they have their own way of achieving it,
luck also will not come if we do not work hard.

[rodskee]

there is nothing big to lose if we will only invest small amount I mean just a chicken part of our money and try out chances to buy something we can afford to lose though it isnt advisable to invest in shitcoin yet I knew that there are some of us who truly trusted those coin for sometime now.

Yes, When we invest what can be afford to loss then the investment turns to be risk free. Most of the time people turn greedy looking someone who have won big out of shitcoins and memecoins. We need to understand it is their luck that brought the profit and not the perfect prediction.

indeed what you said, the only problem that matters is if the funds we tend to invest are the amount important to us , meaning some amount that we needed not today but maybe tomorrow or the next day but if we are going to invest the specific amount that we care nothing to lose? then the momentum will change even what kind of market we have here..

[bitterguy28]

there is nothing big to lose if we will only invest small amount I mean just a chicken part of our money and try out chances to buy something we can afford to lose though it isnt advisable to invest in shitcoin yet I knew that there are some of us who truly trusted those coin for sometime now.

Yes, When we invest what can be afford to loss then the investment turns to be risk free. Most of the time people turn greedy looking someone who have won big out of shitcoins and memecoins. We need to understand it is their luck that brought the profit and not the perfect prediction.

It's impossible to predict perfectly and we also can't expect continuous luck,
everyone has the same goal of making a profit but they have their own way of achieving it,
luck also will not come if we do not work hard.

actually predicting is part of knowledge but proper understanding is what we truly need for this to take place.
I know that there are so much expectation from many of us but for me? i rather make my own research that believing those who tries to lure me investing in any projects.
but greedy attitude is what will always makes us lose because we will never be contented in our earning no matter how large it is because we will always look for more and more.

[Chainsmokers]

there is nothing big to lose if we will only invest small amount I mean just a chicken part of our money and try out chances to buy something we can afford to lose though it isnt advisable to invest in shitcoin yet I knew that there are some of us who truly trusted those coin for sometime now.

Yes, When we invest what can be afford to loss then the investment turns to be risk free. Most of the time people turn greedy looking someone who have won big out of shitcoins and memecoins. We need to understand it is their luck that brought the profit and not the perfect prediction.

indeed what you said, the only problem that matters is if the funds we tend to invest are the amount important to us , meaning some amount that we needed not today but maybe tomorrow or the next day but if we are going to invest the specific amount that we care nothing to lose? then the momentum will change even what kind of market we have here..

That's why it's important to use cold money in investing,
Investment can be said to have a high risk, meaning that whenever we can lose money,
when using cold money I think we are ready with this risk.

[DOH!]

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.

It is a very harsh fact but true. I was also in the same situation in 2021, instead of selling all coins for a profit x2-x3 times, but not everything happened because of that ambition and I lost the opportunity to make money. . Greed is not suitable for crypto investments. Unfortunately, humans are always ambitious and get greedy when faced with those situations. Like a magical attraction.

[wiss19]

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.

It is a very harsh fact but true. I was also in the same situation in 2021, instead of selling all coins for a profit x2-x3 times, but not everything happened because of that ambition and I lost the opportunity to make money. . Greed is not suitable for crypto investments. Unfortunately, humans are always ambitious and get greedy when faced with those situations. Like a magical attraction.

All of us have gone through that phase when we are still a newbie so there is no need to be ashamed about that but we must be proud to tell this story on how we overcome it later on. Even if most of us are successful now, this kind of stories will still be a very big part of us. In your case there you said you only sell your coins for 2x and 3x profits?

I think that was still fine and not totally disappointing at all. What is really disappointing is if we ended up in a loss because of chasing higher returns. Like the title says, excessive greed is detrimental to success so that means that a non-excessive greed is still fine as it gives us unnatural energy.

[Gladitorcomeback]

The main cause of failure and losing money is greed if a person get some amount of money then he desires to have more money than this. So in this situations he put the whole money again in trading so if the market goes dump he will loss all of his money.

Now the market is not stable so there is a hope that market will go more increase in coming months so holding of particular coin will give you more successful results.

If a person get profit then do not wait for this profit to increase even more because market is not trustable and its value does not remain the same.

Greedy behavior does not sound good  so sell whenever you have profit and do not put excessive money in same coin as a result of greed.

[AakZaki]

All of us have gone through that phase when we are still a newbie so there is no need to be ashamed about that but we must be proud to tell this story on how we overcome it later on. Even if most of us are successful now, this kind of stories will still be a very big part of us. In your case there you said you only sell your coins for 2x and 3x profits?

I think that was still fine and not totally disappointing at all. What is really disappointing is if we ended up in a loss because of chasing higher returns. Like the title says, excessive greed is detrimental to success so that means that a non-excessive greed is still fine as it gives us unnatural energy.

Moderate greed is the same as an investment that is very risky but still has good control even though it almost got stuck. If you only pursue high returns without thinking about the risks that will occur, all profits and even capital will also be lost. It is not good to trade too much, there must be good management and at what limit to stop. If you overdo it and get too greedy it is just like gambling, there will be no results in the end.

[wheelz1200]

Ypu are right in the fact that greed will always steer you in the wrong direction.  You need to have some level of greed to be able to take advantage of good markets but not enough where you are endlessly throwing your money into completely awful positions in hopes of some sort of "pump". 

[fmz89]

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?

Sad things is market wont repeat last eth for most of coin, this your investment still normal, but it can be go to minus 98-99% and the worst things is the project dead cause team rekt use they fund to trade crypto to, this always happen in most of projects

[MusaPk]

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.

It is a very harsh fact but true. I was also in the same situation in 2021, instead of selling all coins for a profit x2-x3 times, but not everything happened because of that ambition and I lost the opportunity to make money. . Greed is not suitable for crypto investments. Unfortunately, humans are always ambitious and get greedy when faced with those situations. Like a magical attraction.

If you are into any investment then one need to make balance between his personal greed and whats going on in the market. If you just follow your personal greed then you are deemed to lose. One need to set a target price on which token of selling price and as soon you see that price its better to sell your coins and take the profit. This cycle must go on, as there is no coin that can only go up. Its fundamental rule of every market that price goes up and down. You need to keep a bulls eye on price of your token.

[Oasisman]

Will the market go to the previous position?

It will, the least you can do is to wait for the next bull season and of course you need to stretch your patience a little more. Losses are kinda normal in crypto, it may be temporary or permanently, depends on the alts you have on your portfolio and again your patience.
See, this is why I am a bit skeptical about diversifying your investment in alts. If that $14k was poured all to Bitcoin, then I guess, you'll not have to worry that much about the future of your asset.

[kapalmabur]

Will the market go to the previous position?

It will, the least you can do is to wait for the next bull season and of course you need to stretch your patience a little more. Losses are kinda normal in crypto, it may be temporary or permanently, depends on the alts you have on your portfolio and again your patience.
See, this is why I am a bit skeptical about diversifying your investment in alts. If that $14k was poured all to Bitcoin, then I guess, you'll not have to worry that much about the future of your asset.

We also don't know when bull season will come so we can only be patient and hope it will come sometime soon,
however, before diversifying investments in altcoins, of course he has considered,
but regardless of whatever it is making decisions by taking risks is not easy.

[LDL]

Holding Altcoin is very risky than holding bitcoin, you could invest in altcoins but to me after some certain point you should sell it off and make a turn to buy bitcoin and get your mind relaxed.

Good point, investing in altcoins in cryptocurrencies should never be held long term. Because once the price of altcoin is down in the market, it never pumps. All my invested altcoins pumped up to 2x at one time but due to excessive greed I didn't sell my invested altcoins at that time.Today I have huge losses on every altcoin. Moreover, if you want to invest and hold for a long time, then the only useful coin will be Bitcoin, investing in any other coin and holding for a long time is nothing but complete stupidity.

[inthelongrun]

The main cause of failure and losing money is greed if a person get some amount of money then he desires to have more money than this. So in this situations he put the whole money again in trading so if the market goes dump he will loss all of his money.

Now the market is not stable so there is a hope that market will go more increase in coming months so holding of particular coin will give you more successful results.

If a person get profit then do not wait for this profit to increase even more because market is not trustable and its value does not remain the same.

Greedy behavior does not sound good  so sell whenever you have profit and do not put excessive money in same coin as a result of greed.

Most of us will learn the hard though when it comes to trading and investing. I was nearly a dollar millionaire last 2017 but then I was unreasonably greedy that I still do not want to touch most of my crypto holdings because I thought the next step was to become a dollar millionaire. So when the market was bleeding in the following year, I was losing some sleep and was stressed so I sold 99% of my crypto investments. I sold it at the lowest point of the market and the only crypto left to me were the dusts in my wallets. Maybe greed is not that bad but there should be some limitations. Investment diversification is one thing I learned that is so important. I could've invested part of my earning outside crypto to protect my assets but I was just so greedy and was out of my mind.

[Bazzu]

indeed a lot of people who experience losses due to being too greedy in taking profits.
and I also have experienced like that.
but if we invest in bitcoin
of course there will be the potential to rise again to the top even though you have to wait a long time.
but for altcoins I think there is very little possibility of going up.

[taufik123]

Good point, investing in altcoins in cryptocurrencies should never be held long term. Because once the price of altcoin is down in the market, it never pumps. All my invested altcoins pumped up to 2x at one time but due to excessive greed I didn't sell my invested altcoins at that time.Today I have huge losses on every altcoin. Moreover, if you want to invest and hold for a long time, then the only useful coin will be Bitcoin, investing in any other coin and holding for a long time is nothing but complete stupidity.

The total ignorance that you experienced will certainly be a very valuable lesson. I have also experienced the same thing, even some professionals here will also experience this.

Buying and holding some altcoins or cryptos that are also supported by NFTs, and even I bought the NFTs too.

But at the end when bitcoin crashes, and you must already know what will happen. The price of altcoins also crashed and the price of NFTs also fell greatly.
This became a loss that I called "Loss double-kill" which made me lose a lot of money on the investment, reaching a loss of -96% and will never return to the initial price I bought.


it became a lesson for me personally, that Altcoin will not be safe if bitcoin crashes even NFT. The right thing is to only invest in Bitcoin for the long term, or short term for some of the top altcoins such as ethereum, BNB etc.