Don't be greedy – a short goose story

[CryptoHeadlineNews]

That's a very interesting story with good moral lesson you have there, as it teaches about the importance of being patient in the midst of both hard and difficult times. Because just as the owner of the goose couldn't wait a single day for it to lay a new egg and sell, so do we have some individuals in the crypto world just like that, who thou wishes to enjoy the bull profit of Bitcoin, but yet can't afford to withstand whenever there is a slight bear market, but rushes to sell their coins at cheap price and later go about regretting.
So I hope with this story by O.P, newbies and other forum members, will be able to understand that patience is a virtue, and as such never let your emotions lead your actions.

[touseefahmad1999]

Yes, that's a great analogy! The lesson of not getting greedy and being content with what you have applies to many aspects of life, including investing in cryptocurrency. It's important to do your research, invest in reliable and established coins, and not to take unnecessary risks in the pursuit of quick profits. Holding onto your coins and not giving in to the temptation to sell them in a panic can also help prevent big losses. Overall, taking a cautious and disciplined approach to investing in crypto can help increase your chances of success in the long run.

[freedomgo]

Though it is an old story, it is always relevant. I first heard and read this story as a child. Greed is bad for everything, not just crypto. It also destroys the soul and life. I've written similar things about scams many times. Only when we are greedy will we be deceived. The majority of hacking incidents are caused by greed. As a result, we must be realistic. To earn cryptocurrency, you should take a straightforward approach. This really isn't a shortcut.

Greed will never end up anything good, but will definitely ruin our life and put us into a lot of losses instead. That is why those newbies who are motivated with greed have never seen successful in crypto. Though they find some short term profiting, but still it end up with nothing. So there’s no actually shortcut in success, and greed and selfish desire will never make a person successful.

[GeorgeJohn]

In crypto, We alt to decide our loss stopping point and when to take profit, if one don't know when to do the exact, then the person is not fully ready for crypto trading and investment.
Most times 10-30% added to my capital I pull out. Unless it's a token am willing to hold for long time.

It depends on how you trade, because different body have different measures of Trading strategies, profit making in trading is basically  depends on you ability to know chart and understand the particular coin you are trading on potentialities, if you scrutinised a coin and know the potentials, nothing will make you not be curious of pulling your capital out when is not profitable, both when the potential is encouraging the investor will likely hold the coin until it experience a next bullrun, so selling out your invested coin is dependable on the observation of the investor, probably if it will be profitable or not if time goes on.

[alastantiger]

Most business and trading are destroyed by greed. People are so impatient that we barely ever wait for things to happen as they should. We constantly strive for expediency so that we won't consider the effects of our avarice.
Most of the time, a slow, continuous income or profit is preferable and more advantageous than trying to get everything at once. It's possible that you will lose everything you have worked for.
Even when the returns on your investment in bitcoin are not what you had hoped for, you must maintain your patience. Someone who put all of their savings into bitcoin in the hopes of making a quick profit without any wait because he will ultimately lose everything he has invested in the bull run.

[Vaculin]

Though it is an old story, it is always relevant. I first heard and read this story as a child. Greed is bad for everything, not just crypto. It also destroys the soul and life. I've written similar things about scams many times. Only when we are greedy will we be deceived. The majority of hacking incidents are caused by greed. As a result, we must be realistic. To earn cryptocurrency, you should take a straightforward approach. This really isn't a shortcut.

Greed never brings out the best in us, but certainly the worst. Once we are influenced with greed, we mostly end up with negative feelings like envy, depression, which lead us into losses and pains, and that are destroying our mind and soul eventually. That’s why if we can live life righteously, without the presence of greed, we can always avoid these negativity in life that will not bring any good for us in the long run.

[Kasabus]

I've heard this story and also seen bitcoin compared to the goose that lays golden eggs.
That said, the story can be interpreted in a different way: don't be too greedy, sell your coins when you're in profit because most investors usually lose. Be in profit, even if it's just 10%. Don't hope for 200% as you may never get it.

Being a hodler myself, I prefer your way of seeing things, OP. I'm not going to give my bitcoin away for a fraction of its ATH price. The lower it goes below the ATH the more stubborn I'll be. If they want my bitcoins they'll have to offer an arm and a leg

True. Stay away from greed and you will never lose from your bitcoin investment. If the market is in profits, then take time to sell. It’s not necessary to sell only when you see maximum profits, what’s more important here is you never sell for a loss. The more you become more greedy, the more you chase for bigger profits, and it’s devastating when the moment you decide to sell, bitcoin price suddenly drop sharply. That’s the consequence of long term hodling without wanting to sell even for minimal profits.

[Accardo]

Greed kept lots of investment below their expected standard in the market because they sold it all at 20k ATH back in 2017. It didn't occur to them that bitcoin can hit a better ATH again. That's what we get out of greed. Like the story of the goose, the money would finish and the investor will realize how too late it is to regret. While in the bitcoin market, I've understood the importance of investing our bitcoin wisely, not just hodling alone but knowing the right business to put our profits other than spending it on things that won't yield profits. Hence, we are supposed to enjoy the process, but with limited amount, not to run out of profits and also work hard to make extra money that'll go back into bitcoin investment. 

[KiaKia]

Many people don't understand how the crypto market works, there is a time to take profit and a time to invest, if you don't understand this you will easily go into panic mode.

If you are into altcoin investment you need to study the Bitcoin dominance chart, you will know when money will go into altcoins after Bitcoin is done with pumping, whenever Bitcoin dominance is up altcoins will keep getting crushed and whenever the dominance is going down altcoins will increase in value, many people don't know this.

The reason many people keep holding coins instead of taking profits is that they think the price is going up, they thought they understood a thing but they do not. This is not greed, it is just ignorance.

[Phu Juck]

This is not greed, it is just ignorance.

No, it is greed but reasons of greed are very numerous.
Making profits and wrongly believing to be able to make more profits is also an issue of greed.
Because many people have made profits and mant to make even more but such people will eventually end up making a loss after all, which is very sad of course.
It is greed.

[sokani]

Being greedy comes with a lot of regret in the future. Greed kills and can make you lose everything in a second. The story is perfect to describe it as a bitcoin investment, it gives an insight of how the cryptocurrency market functions. We should be prepared to face the outcome of the market but so also we should know when to cash out our profits and not let greed lead us to regrets later.

The story could be interpreted in this way... In the crypto market nothing is certain, and it is full of ups and downs. You have to know the value of the coin (goose) you have and you also need to have a good understanding of the market and know when to take profit and move on to the next project than waiting for x100, x200 or x250 which might never happen and at the end of the day you will be filled with pain, anger and bitterness as a result of greed.

[michellee]

This is not greed, it is just ignorance.

No, it is greed but reasons of greed are very numerous.
Making profits and wrongly believing to be able to make more profits is also an issue of greed.
Because many people have made profits and mant to make even more but such people will eventually end up making a loss after all, which is very sad of course.
It is greed.

Greed is wanting to get more when we don't know whether it will work how we want it. We believe it can work well, but in reality, it doesn't go how we want.

We can make big profits but must also consider the situation and conditions. And related to the current market conditions, we don't need to be greedy, especially if the market hasn't improved yet and still needs time to recover. It is enough to take profits as needed because we can still get other benefits on another day.

[HajiBagi]

Greed is never a healthy thing, especially when it comes to investing in cryptocurrency. I've been investing in cryptocurrencies for a while now, but I've never wanted to be greedy and end up in a bad situation since being pleased with what you have is preferable to pursuing something enormous and losing your money. To succeed in cryptocurrency, you must be wise about what you are doing and invest within your means so that even if you lose money, you will not feel bad about yourself because a greedy person can never achieve their genuine goals.

[Dzwaafu11]

What a sad tale of that country man, he has made a terrible mistake of his life, being greedy can never be a good thing because it can ruin someone's life while also causing you to lose all your profit, isn't necessary when you are greedy you'll make a big profit especially in cryptocurrency is just a matter of patience and time everything will be achieved, something that may even end up taking life can never be a good thing to do.

[BD Crypto]

It's really very meaningful to every traders so that we don't take risks of our hard earned assets. Actually I have learnt a lot because I already made too many faults. Faults are likely investing on a memcoin, investing on a coin which is fundamentally weak and trading with high leverage which may liquidate all of our assets because of high leverage. So we should learn a lot and have good trading strategies otherwise we also do regret. Best wishes for every traders hope you will not kill your goose by being greedy.

[Rockstarguy]

It is a very simple story but it is also true for crypto: don't get greedy because it could result in a big loss, where all your profits are gone and you end up at a big loss, no chance to recover it.
Do a detailed research, avoid risky Altcoins and keep your coins safe.

Be happy from what your profits are at and don't get greedy because it is always a good idea to avoid risk.
Don't murder your goose = HODL your Coins.

As a trader or investor if you can be able to have self control over greedy then a bigger problem has been solved which reduced loss in the market.  Greed will only make one to think every profits is still small to go with and trying to make more profit  will only end up in losing everything. Greed and lack of patience this are the things that makes trading to be very terrible for some people. It is very important to learn to accept every profits we have no matter how small it is.

[Godlovesyou]

Greed is a deadly ill habits, it controls your selfish desires with impatient to have everything. Sometimes things act of taken what belongs to others end up making you in losing everything you have. People are hunting for cryptocurrency with scam minded or greed can do anything to siphons other people coins to their treasury wallets. Is big eyes that's causing it. We call OYU'UKWU for my local dialect. They're never contented.

[ancafe]

As a trader or investor if you can be able to have self control over greedy then a bigger problem has been solved which reduced loss in the market.  Greed will only make one to think every profits is still small to go with and trying to make more profit  will only end up in losing everything. Greed and lack of patience this are the things that makes trading to be very terrible for some people. It is very important to learn to accept every profits we have no matter how small it is.

A trader must definitely avoid greed in investing, making more profits must have an understanding of the investments being carried out, otherwise greed will bring people to loss because they continue to be forced by lust in relation to trader.

Trying to make a profit must have a strategy in investing, people cannot rely on luck and this is not the nature of investing, the rest is greed will make everything disappear and get out of control of the investment we are living.

[macson]

Greed is never a good idea because it can ruin all your profits when you are having more of Loss.
To underline why we should avoid greed, here is a short story from ancient Greek writer Aesop:

There was once a Countryman who possessed the most wonderful Goose you can imagine, for every day when he visited the nest, the Goose had laid a beautiful, glittering, golden egg.

The Countryman took the eggs to market and soon began to get rich. But it was not long before he grew impatient with the Goose because she gave him only a single golden egg a day. He was not getting rich fast enough.

Then one day, after he had finished counting his money, the idea came to him that he could get all the golden eggs at once by killing the Goose and cutting it open. But when the deed was done, not a single golden egg did he find, and his precious Goose was dead.

It is a very simple story but it is also true for crypto: don't get greedy because it could result in a big loss, where all your profits are gone and you end up at a big loss, no chance to recover it.
Do a detailed research, avoid risky Altcoins and keep your coins safe.

Be happy from what your profits are at and don't get greedy because it is always a good idea to avoid risk.
Don't murder your goose = HODL your Coins.

the first time i heard this story was when i was still in school, and at that time i just understood it was a good story but as time goes by, this story contains some serene meaning how a greedy person will only end up with a loss.

in business, gambling, trading, romance...people who are greedy and selfish will only become people who don't get anything, they want everything instantly and quickly but don't want to accept the laws of nature ^{(that everything needs a process)}

[Viscore]

Though it is an old story, it is always relevant. I first heard and read this story as a child. Greed is bad for everything, not just crypto. It also destroys the soul and life. I've written similar things about scams many times. Only when we are greedy will we be deceived. The majority of hacking incidents are caused by greed. As a result, we must be realistic. To earn cryptocurrency, you should take a straightforward approach. This really isn't a shortcut.

In all aspects, greed always brings out negativity in life. There’s no such people who are always greedy end up successful in life. Yes, they may be profitable at first, but eventually they start losing all their gained profits because of greed. In bitcoin, greed should always be discouraged. Otherwise, if you invest with greed, you might keep on missing the opportunities to make profits, because you are much focused on bigger profits that you wish to achieve from bitcoin.