Don't be greedy – a short goose story

[Phu Juck]

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.

[Maaz Sultan]

Good story we should learn from it that " Greed is curse ". Patience is the key to success when we apply it to Cryptofied. You need to get proper knowledge before doing anything and in cryptocurrencies, if you start before knowing the basics can get your all saving lost in some time.
Be smart learn before doing anything.

[Ever-young]

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.

[coolcoinz]

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

[Gozie51]

The story of the countryman is that of high type of greed and he wants to get everything at once but ended up losing the source he was getting the golden eggs at least once in a day. Every person who is greedy will go that part eventually. If we compare the price of bitcoin last two months to what it is today, we can see it has added 3k, that is from 17k to 20k. Being patient is what a hodler needs and halving is yet coming, I think we may see high volatility this time with the rate of price increase.

[Ojima-ojo]

This is a sad country man story, I feel for the loyalgoose who keeps delivering a golden egg each day who's loyalty was betrayed by the action of the countryman who allowed greed and unimformness lead him to great and unrecoverable loss.

Relating this to cryptocurrency investment is way two closely related factors that have really affected most cryptocurrency investors.

One needs to be loyal to any coin that has proven to yield profits and we should make up our minds about what we want if we are holding for long-term or just short-term investors.

Being short-term is to be highly calculating to know when to take profits and how to deal with risk and avoid greed.

[The Cryptovator]

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.

[Spaceman1000$]

The story is insightful, the country man got too greedy, and greed comes with a price and he paid for it.

Relating it to bitcoin is a smart one, as a bitcoin trader, you should know when to draw your curtains and not get too greedy, patience they say, is a virtue, and that should be what a every trader should have.

[Ndabagi01]

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.

[Cryptomultiplier]

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

There is the lesson about greed, but I can also identify the meaning that we should not be impulsive and too quick with actions, we should always take second moments to rethink actions to be taken and if possible, get opinions on it before acting to avoid as much as possible the possibility of making bad and wrong decisions that you will get to regret. Just as we get good ideas in a moment, so also do bad ideas that you should not try come to you. Making impulsive decisions with your investment, increases the chances of loss.

[sheenshane]

Greed is not only a bad thing in crypto it's also in some religious groups, it's also known as a part of a"seven deadly sin" or a "cardinal sin".
That's an old but good story and AFAIR when I was a child, it's on the TV series that I always watched.

The same story in our real life, greed will put us in the worst position if we didn't think about it first before taking an action.
In crypto, we should think that investing is good for a long-term process not only for short-term purposes.  I believed investing in altcoins or those coins that under the pump and dump is being greedy which someday will put your fund at high risk and it could be lost without knowing you.

[hatshepsut93]

The point of this story is to not sacrifice your cash flow for short-term profit. But Bitcoin doesn't have any cash flow. The only way to profit from Bitcoin is to sell it. Selling Bitcoin is not an equivalent of killing a goose that lays golden eggs. You can use the profits to buy Bitcoin later at a lower price.

Greed is never a good idea because it can ruin all your profits when you are having more of Loss.

Greed is what also makes people miss out on selling at a profit when the price is high, and then regret it when the price crashes.

[drwhobox]

The motto of the story is not selling anything that gives you profit regularly.
In that case, your story doesn't make sense, because other than selling bitcoin you can not make profit. If you hold 1 bitcoin after six months the amount is same 1 bitcoin.

While in the story the goose lays golden eggs regularly/daily. Which farmer can sell and make profit. Nice try By the way.

Don't murder your goose = HODL your Coins.

Are you sure about the "="? Do your coins lay golden eggs, or they increased in number after someday?

[MarjorieZimmermanGinger]

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:

Not all perspectives can be combined with the stories you share, this story is closer to the parable of the fairy tales that I often tell children before they go to bed. Don't worry, this is just an analogy and the story doesn't make any sense because the goose lays golden eggs.

And it's true that greed is another part that can destroy a person, but I think it's also good when greed is used to buy bitcoins. Isn't this the goal many people want, to collect as many bitcoins as possible and store them long term before ATH arrives.

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.

Your second point is also a little confusing, you are trying to give an idea of avoiding risk, while in the last paragraph you mention "HODL Your Coin".

This idea is far worse than killing the goose that lays the golden eggs. Because when mentioning coins, it means that there are no special restrictions and are still quite common, while currently only bitcoin is able to maintain investment value in the long term.

The Right one in my opinion, Buy and HODL Bitcoin

[Alisha-k]

Patience is a rich virtue. If the country man had enough patience the goose will still be laying eggs till date. And if the country man needed more money  diversifying his income would have been the best option instead of killing his main source of wealth with greed. I learnt a lot from the story and it has so much morals taught.

[Crypt0Gore]

Good story but this shouldn't be use to picture 'not taking risk' , if you are earning too less and you believe that patience is the solution you are fooling yourself, Greed should be treated as a weapon and if you use it right it favors, there are times when been Greedy is the way and there are times where doing nothing and enjoying what you have is the key.

[tvplus006]

..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...

I would interpret this story differently)) This is more like how many beginners are trying to earn a big profit in a short time without observing risk management. In this way they turn trading into a casino, betting all their money wanting to increase it, but as a rule they end up losing their deposit.

[Sandra_hakeem]

That's a nice fiction; it has really explained alot -- atleast to peeps that can get into an imaginary line, along with it.
"SLOW et STEADY" could go a long way rather than getting too obsessed by the feeling of having everything at once, lame. That's one of the things that greed would incure; it'll make you feel you're too weak to take a step forward and get the greater part of the "Golden Egg" (as transcribed from the story) or two slow while giving it time to reproduce gradually.
My advice to rookies out there: It doesn't pay off to be greedy, you'll only end up loosing everything once you begin to feel like going back to get some that fell on way or trying to speed up the process.

Sandra 🧑‍🦰

[kamvreto]

..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...

I would interpret this story differently)) This is more like how many beginners are trying to earn a big profit in a short time without observing risk management. In this way they turn trading into a casino, betting all their money wanting to increase it, but as a rule they end up losing their deposit.

Turning trading into a casino is the wrong way, there will be many risks when trading does not go according to expectations. Like Putting eggs in one basket and when the basket falls then all the eggs will break.
Beginners who have never studied the correct trading techniques only expect instant profits quickly, even though there is no quick profit that can be obtained if they cannot carry out a good trading strategy and carry out some analysis to determine market conditions. They are even too greedy and only produce losses.

[dansus021]

Greed is always to be an enemy for everyone you should avoid this one but sometimes you can't resist it. You must know how to take profit when it comes to trade and if the greed is still with you please take half position and set your stop loss at BEP+ level  .

When you lose a dollar the emotion is real but when you profit a dollar it feels not enough that is one example of greed