What type of a trader/investor is this?

[3la9l_kolbaCa]

The probability of being greed made his loss huge amount of money, and I don't believe there's rug pull on this situation. That's the scenario of market fluctuations, most experienced traders encountered this kind of situation, they never complained of an error. Our emotions is the usual cause of the outcomes and results of every trading decisions we had.

[Wind_FURY]

I would rather attribute it to him being too greedy because he had only $3k! If you see $80k and not grab it, what then are you looking for? What opportunity would you appreciate. Another cause of this could be that he never really had a plan. I mean... He never had a target amount he wanted to take out the money. If I were him, I'll likely take the money out way before $80k because half bread is quite better than none (he has nothing now).

Whether he had a plan or not, and the fact that he bought a memecoin with all of his money - the last of his savings - should be telling that he will lose everything sooner or later.

¯\_(ツ)_/¯

It was definitely better for a person like him to simply buy the Bitcoin DIP, and HODL everything in cold storage. His capital won't be in a fast surge to $80,000, but it won't be ZERO.

Yes, he used his last savings, but he got very lucky from taking that risk, going all the way from such an amount to $80k is crazy. And despite the luck, he still skipped the part of taking profit. Even taking profit that is the same amount as what you initially invested is the least you can do, so you know that you’re playing with money you’ve made as gains. And again, like you say, it’s a meme coin. He took the risk and he got lucky, no one is supposed to remind him that it’s a meme coin. You take profit once you see it. Everything that goes up comes down at some point.

There was no luck, good or bad, there was merely GAMBLING. Plus how could you say something like "he got very lucky" like it was with a presumption that his/her profit was already his/hers? Paper-profits are never yours unless you execute the action to either send the actual Bitcoins to your own wallet, or convert them to fiat and have them sent to your actual bank account.

[Pandu Geddon]

The probability of being greed made his loss huge amount of money, and I don't believe there's rug pull on this situation. That's the scenario of market fluctuations, most experienced traders encountered this kind of situation, they never complained of an error. Our emotions is the usual cause of the outcomes and results of every trading decisions we had.

Greed for me is the action of a trader or investor who does not actually use planning in determining the trades made. If the trade has been planned well, then what will be the final result is how obedient the trader is in following the plan that was actually made by himself.
trading without a plan is like relying on luck. So the results of course depend on your luck. because being unable to make decisions is something bad for a trader. We all have to be able to determine which situations we should enter and when we should exit. stop trading without a plan, it will just burn money.

[oktana]

I would rather attribute it to him being too greedy because he had only $3k! If you see $80k and not grab it, what then are you looking for? What opportunity would you appreciate. Another cause of this could be that he never really had a plan. I mean... He never had a target amount he wanted to take out the money. If I were him, I'll likely take the money out way before $80k because half bread is quite better than none (he has nothing now).

Whether he had a plan or not, and the fact that he bought a memecoin with all of his money - the last of his savings - should be telling that he will lose everything sooner or later.

¯\_(ツ)_/¯

It was definitely better for a person like him to simply buy the Bitcoin DIP, and HODL everything in cold storage. His capital won't be in a fast surge to $80,000, but it won't be ZERO.

Yes, he used his last savings, but he got very lucky from taking that risk, going all the way from such an amount to $80k is crazy. And despite the luck, he still skipped the part of taking profit. Even taking profit that is the same amount as what you initially invested is the least you can do, so you know that you’re playing with money you’ve made as gains. And again, like you say, it’s a meme coin. He took the risk and he got lucky, no one is supposed to remind him that it’s a meme coin. You take profit once you see it. Everything that goes up comes down at some point.

There was no luck, good or bad, there was merely GAMBLING. Plus how could you say something like "he got very lucky" like it was with a presumption that his/her profit was already his/hers? Paper-profits are never yours unless you execute the action to either send the actual Bitcoins to your own wallet, or convert them to fiat and have them sent to your actual bank account.

Firstly, I said he was lucky because indeed he was. Who invests $3k and gets $80k? Or are you saying that he took the risk and it isn’t luck? Well, the way I look at it in this context, the $3k could have gone to $0 but the market was in his favour. That’s what I mean by lucky. Secondly, Money is money. If you’re eating until it is in your bank account before you call it money then tell me what cryptoCURRENCY is all about. When you have $80k even in meme coins, it is money. It’s your choice to withdraw it or not.

[Wind_FURY]

I would rather attribute it to him being too greedy because he had only $3k! If you see $80k and not grab it, what then are you looking for? What opportunity would you appreciate. Another cause of this could be that he never really had a plan. I mean... He never had a target amount he wanted to take out the money. If I were him, I'll likely take the money out way before $80k because half bread is quite better than none (he has nothing now).

Whether he had a plan or not, and the fact that he bought a memecoin with all of his money - the last of his savings - should be telling that he will lose everything sooner or later.

¯\_(ツ)_/¯

It was definitely better for a person like him to simply buy the Bitcoin DIP, and HODL everything in cold storage. His capital won't be in a fast surge to $80,000, but it won't be ZERO.

Yes, he used his last savings, but he got very lucky from taking that risk, going all the way from such an amount to $80k is crazy. And despite the luck, he still skipped the part of taking profit. Even taking profit that is the same amount as what you initially invested is the least you can do, so you know that you’re playing with money you’ve made as gains. And again, like you say, it’s a meme coin. He took the risk and he got lucky, no one is supposed to remind him that it’s a meme coin. You take profit once you see it. Everything that goes up comes down at some point.

There was no luck, good or bad, there was merely GAMBLING. Plus how could you say something like "he got very lucky" like it was with a presumption that his/her profit was already his/hers? Paper-profits are never yours unless you execute the action to either send the actual Bitcoins to your own wallet, or convert them to fiat and have them sent to your actual bank account.

Firstly, I said he was lucky because indeed he was. Who invests $3k and gets $80k? Or are you saying that he took the risk and it isn’t luck? Well, the way I look at it in this context, the $3k could have gone to $0 but the market was in his favour. That’s what I mean by lucky. Secondly, Money is money. If you’re eating until it is in your bank account before you call it money then tell me what cryptoCURRENCY is all about. When you have $80k even in meme coins, it is money. It’s your choice to withdraw it or not.

The point is, paper-profits are not real money. It's not yours until the trade is actually closed and the coins are sent to your own wallet, AND under your control for safe-keeping. THEN we could say that he/she was lucky. But being given the opportunity to close the trade with a $77,000 profit, BUT didn't and continued with the trade until he/she lost everything is not luck. It's stupidity.

[laubeaud]

In my opinion, his mistake here is that he didn't take profit. As an investor, you should define your target and take profit all the way along.

[Vinaa77]

Greed for me is the action of a trader or investor who does not actually use planning in determining the trades made. If the trade has been planned well, then what will be the final result is how obedient the trader is in following the plan that was actually made by himself.
trading without a plan is like relying on luck. So the results of course depend on your luck. because being unable to make decisions is something bad for a trader. We all have to be able to determine which situations we should enter and when we should exit. stop trading without a plan, it will just burn money.

That's right, when someone trades without any planning, of course they just hope for luck in what they do and it is very likely that they will experience losses in the trade. When someone has a plan for trading, of course they must be able to carry it out well. and also when they have achieved the target profit, it would be better for them to immediately take the profit or go back to analyzing the market to see whether they still have the potential to get bigger profits or not and if they don't have the potential for profit, of course we have to take the profit and don't let it happen. greedy by forcing ourselves to hold back in the hope of getting a profit even though from the results of the analysis we have done it is clear that it is difficult to get a bigger profit than what we have got.