Excessive greed is detrimental to investment

[Bholutefe]

I also had something similar to that of yours about 5 years ago when I knew nothing about all these newly introduced coins, it cost me some certain amount of loss at that time which made me to realise that nothing beats investing wisely on Bitcoin at the right and appropriate time. Apart from Ethereum, which is still of much valuable and worthy to invest on, I don’t really advise people to invest on every other new or strange coins which are not reliable to crash all your investments and capital on. At times, we get carried away with the high-aimed profit we really want to hit when we invest on coins rather than exiting the market once we achieve some amount of reasonable profits, thereby causing the market to retest back and causing a huge amount of loss. Markets can be so unpredictable at times and when this happens, we get disappointed about the situation of the amount of loss caused.

[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.

and that is the attitude we must understand and have when we are in this kind of investment , the volatility and the decentralization is the process we must take on , not mentioning those shitcoins and those meme coins and those scammers that tries luring us to enter their project?
readiness is also what we must use as weapon to understand the risk.

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.

meaning another year or 2? or maybe 3 if necessary ?

[Chatgpt-fancommunity]

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.

That's a valuable lesson you've learned, my friend. Excessive greed can often lead to impulsive decisions and blind you to the potential risks involved in any investment, including cryptocurrency. It's important to have a well thought-out investment strategy and to keep an eye on market trends, news, and other factors that may affect the value of your investments.

Patience is also key in investing, as short term market fluctuations can be normal and shouldn't always dictate your investment decisions. It's also wise to diversify your portfolio and not to put all your eggs in one basket.

Remember, investing in cryptocurrency, or any other asset for that matter, should always be done with caution and with a long-term perspective in mind.

[FanEagle]

These are things that we learn at the start, and then sometimes forget about it at times and need to relearn them in the future. But as long as this exists and the results are always the same, we are going to end up with no problems at all. I know that it is not something we should be proud of to make the same mistakes again and again, but multiple times of same mistakes guarantees that you do not make the same mistake again in the future.

We should be focusing on how we could make a profit after we learn that and it could end up with much better results in the future as well, because we would be able to focus on what to do and already know what not to do anymore.

[abel1337]

These are things that we learn at the start, and then sometimes forget about it at times and need to relearn them in the future. But as long as this exists and the results are always the same, we are going to end up with no problems at all. I know that it is not something we should be proud of to make the same mistakes again and again, but multiple times of same mistakes guarantees that you do not make the same mistake again in the future.

We should be focusing on how we could make a profit after we learn that and it could end up with much better results in the future as well, because we would be able to focus on what to do and already know what not to do anymore.

That's right, Having a good self control is needed for a long term result. Every traders experiences a fail due to the excessive unjust greediness. I personally experienced it also and yeah it's a hard lesson that hits me after losing a bunch of money. As long as you take it as a lesson you will learn how to control yourself and do what's the right thing on the situation you are having but being stubborn and being overconfident about it will only put you on the same losing spot again. I think it's pretty normal to have that kind of situation but failing on that kind of situation multiple times like there's no improvement about it means you don't learn anything from the experience you have on losing because of the same mistake. We all know the feeling of being greedy and it will all depend on us on how we will control it or manage it.

[Xampeuu]

These are things that we learn at the start, and then sometimes forget about it at times and need to relearn them in the future. But as long as this exists and the results are always the same, we are going to end up with no problems at all. I know that it is not something we should be proud of to make the same mistakes again and again, but multiple times of same mistakes guarantees that you do not make the same mistake again in the future.

We should be focusing on how we could make a profit after we learn that and it could end up with much better results in the future as well, because we would be able to focus on what to do and already know what not to do anymore.

indeed, when we first get to know cryptocurrency, there will be many stories that we can tell. On the one hand, of course, from the story, many have had bad experiences. if we remain interested and enthusiastic in the world of crypto then we can make that mistake a lesson, the main thing is that we understand what was our mistake, and what to do next. but many new investors often repeat the same mistakes, therefore we need good psychological health from ourselves

[Jody.Drummer]

These are things that we learn at the start, and then sometimes forget about it at times and need to relearn them in the future. But as long as this exists and the results are always the same, we are going to end up with no problems at all. I know that it is not something we should be proud of to make the same mistakes again and again, but multiple times of same mistakes guarantees that you do not make the same mistake again in the future.

We should be focusing on how we could make a profit after we learn that and it could end up with much better results in the future as well, because we would be able to focus on what to do and already know what not to do anymore.

indeed, when we first get to know cryptocurrency, there will be many stories that we can tell. On the one hand, of course, from the story, many have had bad experiences. if we remain interested and enthusiastic in the world of crypto then we can make that mistake a lesson, the main thing is that we understand what was our mistake, and what to do next. but many new investors often repeat the same mistakes, therefore we need good psychological health from ourselves

A bad experience can make us better, because if we talk about a good experience then that is our initial goal when entering this scope of cryptocurrency. But what you said is true, that very often new investors repeat the same mistakes, not even just new investors but people who have been here for a long time still repeat their mistakes even though they are not too big and fatal. From this we can see that the experience will really mean a lot, and we already feel it now, especially for me who really feels the positive impact of it.

[lixer]

These are things that we learn at the start, and then sometimes forget about it at times and need to relearn them in the future. But as long as this exists and the results are always the same, we are going to end up with no problems at all. I know that it is not something we should be proud of to make the same mistakes again and again, but multiple times of same mistakes guarantees that you do not make the same mistake again in the future.

We should be focusing on how we could make a profit after we learn that and it could end up with much better results in the future as well, because we would be able to focus on what to do and already know what not to do anymore.

Yeah, I have to warn the differences between excessive greed and regular greed though. You need ot be greedy to make some money, nobody who is avoiding greed could be rich like they should be, because greed is the thing that makes you want to have more and more, so you need to have some greed, a lot of it if possible, to make money.

However, when you have excessive amount of it, that means you are going to actually not make money when you can, and that's something you should try to avoid at all costs because it is not a smart move to keep holding something even after it reaches the top, and that is why it's important to have some sort of backup plan for when it could go down.

[Quidat]

These are things that we learn at the start, and then sometimes forget about it at times and need to relearn them in the future. But as long as this exists and the results are always the same, we are going to end up with no problems at all. I know that it is not something we should be proud of to make the same mistakes again and again, but multiple times of same mistakes guarantees that you do not make the same mistake again in the future.

We should be focusing on how we could make a profit after we learn that and it could end up with much better results in the future as well, because we would be able to focus on what to do and already know what not to do anymore.

Yeah, I have to warn the differences between excessive greed and regular greed though. You need ot be greedy to make some money, nobody who is avoiding greed could be rich like they should be, because greed is the thing that makes you want to have more and more, so you need to have some greed, a lot of it if possible, to make money.

However, when you have excessive amount of it, that means you are going to actually not make money when you can, and that's something you should try to avoid at all costs because it is not a smart move to keep holding something even after it reaches the top, and that is why it's important to have some sort of backup plan for when it could go down.

You would be able to find out for yourself on the time that you had gained enough experience and awareness on things around.When we are still a noob or new into this venture
then you would be mainly thinking that making money would really be that easy.Im not saying that dedication on making profits or money is bad but you should really set out goals
which are really that realistic and attainable.You shouldn't really make yourself that much too desperate on which this one do really results out on
steps which arent supposed to be done in the first place.

[AnonBitCoiner]

For the better results a person should read more and more about the price, market condition and many more features of cryptocurrency trading. Your primary fault is that you make investment without getting exact knowledge. As you know that little knowledge can be dangerous so always do complete investigation.

The basic point of trading is that whenever you think that now the condition is awesome for you then without any hesitation and any worries about future just sell the token which offers you advantage.

The best point about your investment is that you will definitely learn from your this experience and will never do the same thing in future so never think loss as an end point of trading but take it as a lesson to reduce your chances of dropping cash.

[peter0425]

These are things that we learn at the start, and then sometimes forget about it at times and need to relearn them in the future. But as long as this exists and the results are always the same, we are going to end up with no problems at all. I know that it is not something we should be proud of to make the same mistakes again and again, but multiple times of same mistakes guarantees that you do not make the same mistake again in the future.

We should be focusing on how we could make a profit after we learn that and it could end up with much better results in the future as well, because we would be able to focus on what to do and already know what not to do anymore.

indeed, when we first get to know cryptocurrency, there will be many stories that we can tell. On the one hand, of course, from the story, many have had bad experiences. if we remain interested and enthusiastic in the world of crypto then we can make that mistake a lesson, the main thing is that we understand what was our mistake, and what to do next. but many new investors often repeat the same mistakes, therefore we need good psychological health from ourselves

we need to experience bad things here before learning deep and I think that is normal in all investing platform because experience is the best teacher , even those expert trader/investors now are once has their own story to tell about their failures.
so let them have what is necessary and that is losing first.

[FanEagle]

we need to experience bad things here before learning deep and I think that is normal in all investing platform because experience is the best teacher , even those expert trader/investors now are once has their own story to tell about their failures.
so let them have what is necessary and that is losing first.

The funny thing that I noticed, which I wanted to explain, was the fact that even the most senior experienced trader could still make the mistakes that only a newbie would make. Not because veterans are stupid about it or anything, of course not, they know what they are doing, but at the same time we are all human, and humans make mistakes, sometimes even trivial mistakes as well.

This is why it's not really about making zero mistakes as you get better, it is about limiting the amount of mistakes you do, maybe a veteran could make a simple mistake, but they won't do it frequently, it will be a rare thing and newbie would make it commonly and all the time until they get better.

[peter0425]

we need to experience bad things here before learning deep and I think that is normal in all investing platform because experience is the best teacher , even those expert trader/investors now are once has their own story to tell about their failures.
so let them have what is necessary and that is losing first.

The funny thing that I noticed, which I wanted to explain, was the fact that even the most senior experienced trader could still make the mistakes that only a newbie would make. Not because veterans are stupid about it or anything, of course not, they know what they are doing, but at the same time we are all human, and humans make mistakes, sometimes even trivial mistakes as well.

This is why it's not really about making zero mistakes as you get better, it is about limiting the amount of mistakes you do, maybe a veteran could make a simple mistake, but they won't do it frequently, it will be a rare thing and newbie would make it commonly and all the time until they get better.

Means one thing mate, that there is no perfect way to make money at all forms , that even experts had sideways and yes having wrong decisioning .
I don't want to look at it as funny but maybe a negligence ? or over confident at least?
but i still have respect as long as there is no greedy attitude on those losing.

[bitterguy28]

These are things that we learn at the start, and then sometimes forget about it at times and need to relearn them in the future. But as long as this exists and the results are always the same, we are going to end up with no problems at all. I know that it is not something we should be proud of to make the same mistakes again and again, but multiple times of same mistakes guarantees that you do not make the same mistake again in the future.

We should be focusing on how we could make a profit after we learn that and it could end up with much better results in the future as well, because we would be able to focus on what to do and already know what not to do anymore.

indeed, when we first get to know cryptocurrency, there will be many stories that we can tell. On the one hand, of course, from the story, many have had bad experiences. if we remain interested and enthusiastic in the world of crypto then we can make that mistake a lesson, the main thing is that we understand what was our mistake, and what to do next. but many new investors often repeat the same mistakes, therefore we need good psychological health from ourselves

we must experience losses before completely earning , but the problem here is that ? becoming greedy , when we become not contented in small profit m instead people keeps seeking for easy money things that only shitcoin can give us ,a nd also the problem is that you can lose big percent than earning in this coins.
try not to become greedy and you will see how much you can earn . little but surely.

[kotajikikox]

A bad experience can make us better, because if we talk about a good experience then that is our initial goal when entering this scope of cryptocurrency.

experience is the best teacher  , but if we continuously doing that same mistake? then that would be either stupidity or greedy.

But what you said is true, that very often new investors repeat the same mistakes, not even just new investors but people who have been here for a long time still repeat their mistakes even though they are not too big and fatal.

wrong , there are few investors that do the same mistake ,I myself consider as investors but I only commit that mistake once .

From this we can see that the experience will really mean a lot, and we already feel it now, especially for me who really feels the positive impact of it.

then you are a good student  , as you learned the best about option of investing .

[sana54210]

we must experience losses before completely earning , but the problem here is that ? becoming greedy , when we become not contented in small profit m instead people keeps seeking for easy money things that only shitcoin can give us ,a nd also the problem is that you can lose big percent than earning in this coins.
try not to become greedy and you will see how much you can earn . little but surely.

Those people who are looking for shitcoins to make a bigger profit will always end up with something horrible in the long run and not make enough money at all. Because those are riskier when they are offering and promising so much, because most of them are filled with either hopes of the dev or just pure lies.

Sure the dev that created it will think that each token should worth 5 dollars, but when it worths 5 cents there is no reason why he should make it higher, he promised that at the start and sold it for that much to you, but after it's on the market, it's everyone's chance to drop it and that's why it's always a risky move and should be avoided.

[Oilacris]

we must experience losses before completely earning , but the problem here is that ? becoming greedy , when we become not contented in small profit m instead people keeps seeking for easy money things that only shitcoin can give us ,a nd also the problem is that you can lose big percent than earning in this coins.
try not to become greedy and you will see how much you can earn . little but surely.

Those people who are looking for shitcoins to make a bigger profit will always end up with something horrible in the long run and not make enough money at all. Because those are riskier when they are offering and promising so much, because most of them are filled with either hopes of the dev or just pure lies.

Sure the dev that created it will think that each token should worth 5 dollars, but when it worths 5 cents there is no reason why he should make it higher, he promised that at the start and sold it for that much to you, but after it's on the market, it's everyone's chance to drop it and that's why it's always a risky move and should be avoided.

Its a hit or miss on which we do know on what are the chances for you to hit up a good project or even into those shit coins that might be hyped up by some whale.This is why its a matter of risk taking

because some are already that aware but they are still continuing on trying out to deal up with this because they do know about the opportunity or chances for them could give out that huge profits.

Of course we do know on what are the risks chance and probability but surprisingly there are still people who do really love on touching up these things
which arent that recommended if you are really that too mindful about spending money through investment.

[Fesatmas]

we must experience losses before completely earning , but the problem here is that ? becoming greedy , when we become not contented in small profit m instead people keeps seeking for easy money things that only shitcoin can give us ,a nd also the problem is that you can lose big percent than earning in this coins.
try not to become greedy and you will see how much you can earn . little but surely.

Those people who are looking for shitcoins to make a bigger profit will always end up with something horrible in the long run and not make enough money at all. Because those are riskier when they are offering and promising so much, because most of them are filled with either hopes of the dev or just pure lies.

Sure the dev that created it will think that each token should worth 5 dollars, but when it worths 5 cents there is no reason why he should make it higher, he promised that at the start and sold it for that much to you, but after it's on the market, it's everyone's chance to drop it and that's why it's always a risky move and should be avoided.

Shitcoins? To be honest, I never thought of profit when I heard about shitcoin. I don't deny that there are indeed shitcoins that will provide benefits. But the percentage may be 1 in 100 or higher than that. A lot of the shitcoin projects I've come across have ended horribly, and only a few have provided investors with profits and those only lasted for a short time. For beginners I would not recommend them to invest in shitcoin, in my opinion it's the same as plunging them.

[sana54210]

Shitcoins? To be honest, I never thought of profit when I heard about shitcoin. I don't deny that there are indeed shitcoins that will provide benefits. But the percentage may be 1 in 100 or higher than that. A lot of the shitcoin projects I've come across have ended horribly, and only a few have provided investors with profits and those only lasted for a short time. For beginners I would not recommend them to invest in shitcoin, in my opinion it's the same as plunging them.

There are way too many people that way. Look into all the coins and tokens that have 10 million dollars or less marketcap, and look into their groups and you will see that there are tens of thousands of people from all around the world that are looking to make some sort of profit with the shitcoins they are shilling.

Obviously it is not going to happen that easily, but that doesn't mean that it would be a smart decision at all, it would be basically one in a million chance and they are looking to be that one in a million, but they think they have like one in a hundred chance not realizing the insane amount of risk they are taking out of nowhere.

[Zorigi]

In my opinion there are 2 kinds of greed in investing namely.

1. with greed we have the potential to get big profits, because we are not tempted by small profits and hold on tight, so that in the end we get big profits.

2. Greed can result in big losses and the cause is because when there is a price increase, they don't sell because they speculate the price will go up very high.
but in reality it wasn't long before the price fell very quickly, so that the coins we held were be cheap and eventually resulted in huge losses.

but I think in this case we should be able to enjoy whatever happens.