What type of a trader/investor is this?

[Dzwaafu11]

St $80,000, he still didn't take profit, can we attribute or say the cause of his loss was due to him being too greedy, or being too patient, or over trusting or believing in the coin/token he bought?

Maybe he is the only one who knows why he did not take the necessary action about this because I don't see anything special here, though it can be this thing you mentioned earlier, which is greed, or maybe he thinks it will bounce back to recover the small losses that happen before the losses reach $80,000, if not to me, if this was not taken due to a lack of knowledge, greed, or emotional control. then he outsmarted himself and landed himself in trouble.

Though I won't blame him, and he is the only one who knows why, if I'm not the one, I will withdraw my profit. I will leave the invested money in there if it continues to go higher than normal, and if it crashes, I will be happy because I have already withdrawn my profit.

That's not an investor, that's a gambler. Gamblers take huge risks, and they never know when to stop because they are addicted to the adrenaline (or dopamine) which they can only obtain by making risky bets. That's what you are looking at here. Investors don't take that much risk. They diversify their portfolios in various assets. Most of them are content with pretty conservative returns and that's usually not more than 10-12%/year. When you go above 15%/year it starts to get dangerously risky, and it is usually not sustainable when it is above 20%/year.

Seriously, this is gambling, not the normal way of trading because the risk is too high, and he thinks he will make more than the money he just loses right here if and this coin is obviously a coin that will not last in pumping because this is a meme coin, and anyone who has the knowledge knows that investing in meme coin is just like gambling with your money, and I agreed that you said good investors take average risk and once it pumps small, they will take the profit and move on. unlike these newbie traders, who want to make money in a day or night, which is impossible.

[Natalim]

I could be wrong but that is not a real trader/investor. If you are a smart person, you can't just let go of your hands, you will certainly take it.
IMHO, I don't believe such a story. Imagine it is more than a 100% increase, in fact, some people sell their coins even with just a small increase. If not greediness, I don't think this person is aware of the situation.
But to assume it was true, then I can say that this person lives in greediness. Contentment is not in his mind but instead, aiming for more. Many people suffer from this kind of mental disease and to find out that those people have never improved as they always missed the chance.

[nelson4lov]

~Snipped
St $80,000, he still didn't take profit, can we attribute or say the cause of his loss was due to him being too greedy, or being too patient, or over trusting or believing in the coin/token he bought?

I see stories like that on an account on X and Imo, most of the stories are real. For the individual in question; I'd say yes, He was greedy. He could have taken 50-70% profit off the table and let the rest ride but instead choose to let it continue. I wouldn't blame him for his greed because it happens to the lot of us because there's two ways it could have gone:

• Take profit at $80K and it pumped to $800K or above 1M - regret
• Don't take profit and let it dump to breakeven or lower - regret.

Something I've learnt recently is that before entering a trade, we need to define how much profit or loss we'll be comfortable with so we can use that to keep ourselves in check if things get euphoric.

[Xampeuu]

St $80,000, he still didn't take profit, can we attribute or say the cause of his loss was due to him being too greedy, or being too patient, or over trusting or believing in the coin/token he bought?

You have given he perfect answer to this scenario, he was too greedy and wanted the coin to go more higher before he can take profit and that’s not how it’s done in crypto after investing in a meme coin that can just go up or down at any moment. He is not the first to do such but if I were in his position, I will take away all profits from that coin that I invested and leave the capital to take on the remaining ride. If I get to win more, I’ll still take partial profit and if it goes against me, I will have nothing to lose too. He was just too greedy and he lost everything, that’s the point on not being too greedy in crypto.

If there is a decline, what will happen is a psychological disorder, where panic selling will occur. For me, if I get a big profit like that, at least sell some of it, to protect our psychology if something undesirable happens. besides that, we also have to look at the market, if it has penetrated the new ath then it is possible that most of the coins will be sold

[Lanatsa]

--

I came across one channel on telegram known as "Crypto Confessions" and on this channel, one can find alot of real life confessions from real people in crypto, while I was scrolling and reading all the confessions, some very interesting, while alot of others; not so interesting, I came across this one above and it really captivated me, I tried to imagine what this dude must be feeling like if at all what he said was true.

St $80,000, he still didn't take profit, can we attribute or say the cause of his loss was due to him being too greedy, or being too patient, or over trusting or believing in the coin/token he bought?

BTW, for those that might want to join the channel, here - https://t.me/anonymous_crypto_confessions

Greed, Impulsive emotion and lack of self control and contentment!

I've been on this kind of situation on which did earn $60k but i didnt intend to cash out until it goes down to $9000 until to $1k and almost zero to value. I have continued to held it off until it dies because i was hoping that it would really be making some recovery or comeback. On the time that im already at 60k then im thinking about 100k and even 200k and so forth, which does simply shows that you had made yourself that being too greedy and delusional. You do like on becoming rich with crypto and this is why you dont make yourself get contented or secure those profits until it would go back to zero.
That kind of experience would really be giving out that long term trauma or regrets on which this is something that will really be keeping on your mind and cant really be removed out for the rest of your life.

Yes, you can move on but you cant be able to forget such thing because this is something the worst situation that you might be able to experience for the rest of your life, specially if the amount we are talking is something that could already changed up your life or could be used up into something else or even build a house. You would really be certainly keeping on minding or flashing back on what if you had missed out
and on the time that you would really be thinking then you go depressed. This is why it would really be always important to take profits, you wont be rich because you dont know on how to take profits.
You would really be only doing such thing when you do see that the price is already at the bottom. In case of that person described or shown such situation then it do shows on how greedy human beings are.

[jcojci]

He was a greedy trader or investor who couldn't see the situation. He had made a profit by seeing the huge profits, but he didn't sell it when he had already made a profit. Finally, the price dropped and he lost all his money.

It has happened to many people and maybe we have experienced it too. That is a lesson for all of us. When we see the profit coming, especially if it is a very large profit, we can immediately sell it and take the profit. We must not be greedy like him because that will prevent us from taking advantage of what we should be able to get.

[Bravut]

Viewing from the Trading angle, i would say that guy was very greedy, mehnn you have done more than 10× your capital i.e (10RR), what stop you from taking profit. He was just a ship without compass, you risk everything which you weren't suppose to and gain but refused to take what are you....a fool (sorry to use it).
In trade, you will also understand when it goes against you and you close and re-position, he saw that the trade RR have dropped massively why not close with the $10k have done 3× of your money.
He learnt the hard way, there would be no next time for him to have wisdom and avoid greed.

[milewilda]

A common greedy investor.

I won't just conclude that it's greed. He may be inexperienced too. Or he just had a higher profit in mind.
For me I'll go with inexperienced, because an experience trader would know to take profit when he had the chance. He messed up, but that happens to a lot of people.
Using the whole 3k he had in the first place was a move that could make or break him and he got lucky with that, then he made another call when it got to $80k. He made a make or break decision. If the 80k has turned into $200k we would be having a different conversation right now.
Like the saying goes "the difference between a mad man and a genius is in the result".

Most likely it would really be greed and just like on what you had mentioned that due on being inexperienced then this is where these common impressions or emotions that price might be able to shoot up even more as you have seen that your portfolio did increase so much in a short period of time or the moment that you do least expect, and since you are someone who doesnt really know about that much  on how this market works or behaves then you would be holding up your position on which you would really be that believing that it would really be continuing such process or movement without considering the after risks of dumping.
If it turns out to shoot up even more then your lucky because pumping to the moon of a certain coin/token isnt something that a very common occurence. This is why it would really be that ideal that on the moment
that you've seen such condition then taking up profits would be always recommended.

Pretty sure that most traders did really experienced out such condition or moment on which they do get greedy on the moment with those shooting up to the moon scenario of the tokens that they had invested
which is mostly on meme coins or with those degens on which most people would really be that having to share up with the same reaction on the moment that they will really be experiencing such condition.
Well its not something that new because human beings are naturally greedy when it comes to money and on the moment that you are still lacking with that kind of experience then choices made or decisions
will really be that not much something a right call.

[jrrsparkles]

It's just someone who didn't learn anything from his past mistakes and there are almost everyone had that phase but this worse is really disturbing, imagine being in his shoes.

When you make hell lot of profit that you'd not happen again, then just cash out the profits or at least half of it then reinvest it into a different asset which doesn't necessarily to be a crypto, it can be anything that has a different risk/reward ration. Single point of failure will do nothing but exactly this.

[Zanab247]

That is a greedy investor op, because he want to use $3k to win $1m which will be difficult for investors to achieve from memecoins project, because it can pump higher today and dump lower tomorrow to cause their investors to loss so much from the investment.

Once the price hit $80k in the market, you don't need to continue hodling the memecoins than to sell to take profits from the market and prepare for another opportunity that will occur for you to buy again and hodl, but only a greedy investor can make such mistakes and regret from his mistakes.

I believe, the investor that made this mistake, has learned his lesson from crypto community already which he will not allow such greedy habit to occur again in the future.

[batang_bitcoin]

Well, the guy is certainly a gambler and a greedy one.

I believe, the investor that made this mistake, has learned his lesson from crypto community already which he will not allow such greedy habit to occur again in the future.

We don't know if he actually did but that's a lesson that shall be learned the hard way. When you are able to make money in the crypto market, you don't let that happen pass you.
You're making a big mistake if you won't take profit, so use this thread as a reminder that this bull run should be your profiting time.

[retreat]

I don't even think that he is an investor, but more of a gambler. Because if he is an investor, then he should have done an analysis first and at what point he should take profit. But this guy was different, he was just trying his luck at memecoin with his last bit of money, and kept hoping that he would be able to make hundreds of thousands of dollars from it. If he was a true investor, then he should have understood that memecoin is very risky and before the price of the token fell, he should have taken the profit he could have made - but because he did not have the right picture and the right strategy, he just kept waiting until it went up and up and unfortunately he lost it all.

[wxxyrqa]

Very often, our failures are influenced by various factors, and not only greed or a basic desire to earn money, but also thoughtlessness or lack of time, with specific outside influences, which encourages us to make quick decisions that lead to losses. I believe many of us have been victims of fraudulent projects, at the same time, we considered ourselves very competent and trained in this area of ​​​​business. When you have a lot and want even more, then this is greed, but when you work to improve your financial situation, to provide for your family and your old age, then this is the same work and the same goals as a simple hard worker, only in the case of a trader and Investor activity has a high risk.

[kingvirtus09]

You know, if what you say is true, 80 000 dollars is a very depressing amount. You can buy a house and  lot, and a new car and have change. The only thing I saw in you according to your story is that you were very greedy. You probably thought that you would not lose that day, so you thought that you could get more for that amount.

At least 1/4 of the 80,000 dollars you would have taken out, and that is 20k, for at least you felt a win in what you did. Maybe the others here think what you did was a big stupid action. I myself regret it. But anyway, I hope you can learn from what happened to you. who knows that the next time you get it, it will be bigger, but opportunity is once in a life time, you should know what you are going to do first. That's why opportunity only comes once in our lives.

[synchronym]

If we act in something, of course it is not wrong for us to expect high profit from it that day but it is wrong for us to think that we will get money overnight. Of course we will get money through Vinod but not in a hurry. Before investing, we must acquire enough knowledge about that investment. If we don't acquire enough knowledge about that investment, then we can never be one of the successful investors. So in terms of investment, we must have a long-term plan and check the market patiently. If you have to invest then maybe we will be one of the successful investors.

[lalabotax]

I've experienced something like this, why?

because I'm honest, too Greedy. Hoping that the profits will get higher and higher.
Then I let it go, once my eyes opened the next day, it really seemed like it had become rubbish. ha ha ha ha

This is a fact that happens very often. If I called myself at that time it would be as:
Greedy investors without a good understanding of crypto investing.

This is for me, I don't know if other people want to say that or not. but from all this, I personally learned from various experiences, that there is no advantage in being so greedy. especially in various hype coins. Never mind hype coins, Bitcoin is just like that. Sometimes it is very difficult for us not to e-profits, even if only partially when the prices  really have increased many times. However, I prefer to just leave it as it is. So, yes, you really have to be strict and clever in planning this investment, including targets, strategies and also risk and money management too. This is really important.

[Dunamisx]

We should learn that memecoins are not that reliable and we shouldn't invest on much assets on them, also, whenever we invested, we should be more concerned about how we could sell immediately we have realized something from it because it's not such an investment wr can afford to hold for a long time, it's such a pity that even the $10 you would have been left with eventually went on rug pull together  with them.

[mirakal]

I could be wrong but that is not a real trader/investor. If you are a smart person, you can't just let go of your hands, you will certainly take it.
IMHO, I don't believe such a story. Imagine it is more than a 100% increase, in fact, some people sell their coins even with just a small increase. If not greediness, I don't think this person is aware of the situation.
But to assume it was true, then I can say that this person lives in greediness. Contentment is not in his mind but instead, aiming for more. Many people suffer from this kind of mental disease and to find out that those people have never improved as they always missed the chance.

I must say this is quite unbelievable for me also. You cannot just slip within your hands ignoring the chance to be of huge profits while the biggest opportunity is already in front of you. Even newbies in the market cannot just pass through this without selling, most especially that everyone here aims to make quick profits.

However, if this is actually a real life experience of a crypto investor, then it’s obvious that he enters into bitcoin without understanding how it works. Even if we say this man is highly greedy, by just selling the coins right away he will gain exceptional profits instantly, except if this story is not real and just created through a wild imagination.

[bettercrypto]

Why didn't that person take a profit when his winnings were already too big, to be honest? It seems that during those times, what he does and thinks is not normal anymore because the gambler has been swallowed up by his greed.

For sure, because of that incident, that person was very stressed, which might even lead to depression, even if any of us here are in that situation. Right, if I look at the incident like a rug pull, do you think that it will increase further? suddenly bubbles burst and suddenly down to zero; and it was like a plane above, and suddenly the machine was damaged and it suddenly fell.

[senyorito123]

I came across one channel on telegram known as "Crypto Confessions" and on this channel, one can find alot of real life confessions from real people in crypto, while I was scrolling and reading all the confessions, some very interesting, while alot of others; not so interesting, I came across this one above and it really captivated me, I tried to imagine what this dude must be feeling like if at all what he said was true.

St $80,000, he still didn't take profit, can we attribute or say the cause of his loss was due to him being too greedy, or being too patient, or over trusting or believing in the coin/token he bought?

BTW, for those that might want to join the channel, here - https://t.me/anonymous_crypto_confessions

If he didn't got a good profit, then maybe there's wrong about his process of investing money on crypto. The chance isn't always profitable, but we have to think about self control when unexpected fluctuations happens. Increasing the quantity accumulation of a coin is guaranteed possible, however that needs to grow as it increase while you hold it discretely.