fuguebtc
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May 30, 2024, 05:52:01 PM |
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One funny thing about altcoins is the pump and dump, if a trader is lucky to make a profit of $77k that is if we remove the capital of $3k he started the trading with why not withdraw it knowing too well the risk that are associated with altcoins because just like same way they pump speedily that's same way they dump and one act about traders is that if they made a profit of that amount and later on they lost part of their profits instead of taking out the remaining profits they will still have the mindset that it will pump to that initial profit they had before and I have seen a lot of crypto traders lose a lot of money with this same mindset.
Pumps and dumps happens too in BTC but it was only more natural. Maybe the guy is only less knowledgeable to not know it? Indeed he is already lucky there to profit like that but he is also greedy and maybe he is waiting for more pumps but unfortunately it didn't happened anymore. Many of us are also greedy but not to that point he is showing. $77k is already a huge profit out of his small capital and even not exactly $77k but only $10k or $20k return, that is still good already. There maybe lots of those you see but I believe they are like this guy who is also a newbie and once they gain enough experience, they can also change their approach. Yes, pumping and dumping also happens with bitcoin but many people deliberately do not accept this fact and they say that it is a volatile based on supply and demand. But there is a difference between bitcoin and altcoins which is that if bitcoin gets dumped, it will still recover after a while but that will not happen for many altcoins. In my opinion, he is just ignorant and cannot control his greed. This happens often with newbies and I believe when we were newbies, we were just like them so there is nothing funny here. No one can be good immediately and have full experience right from the first days of entering the market, and losses, being scammed... are unavoidable.
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Hamphser
Sr. Member
Offline
Activity: 2604
Merit: 339
Vave.com - Crypto Casino
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May 30, 2024, 06:27:51 PM |
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One funny thing about altcoins is the pump and dump, if a trader is lucky to make a profit of $77k that is if we remove the capital of $3k he started the trading with why not withdraw it knowing too well the risk that are associated with altcoins because just like same way they pump speedily that's same way they dump and one act about traders is that if they made a profit of that amount and later on they lost part of their profits instead of taking out the remaining profits they will still have the mindset that it will pump to that initial profit they had before and I have seen a lot of crypto traders lose a lot of money with this same mindset.
Pumps and dumps happens too in BTC but it was only more natural. Maybe the guy is only less knowledgeable to not know it? Indeed he is already lucky there to profit like that but he is also greedy and maybe he is waiting for more pumps but unfortunately it didn't happened anymore. Many of us are also greedy but not to that point he is showing. $77k is already a huge profit out of his small capital and even not exactly $77k but only $10k or $20k return, that is still good already. There maybe lots of those you see but I believe they are like this guy who is also a newbie and once they gain enough experience, they can also change their approach. Yes, pumping and dumping also happens with bitcoin but many people deliberately do not accept this fact and they say that it is a volatile based on supply and demand. But there is a difference between bitcoin and altcoins which is that if bitcoin gets dumped, it will still recover after a while but that will not happen for many altcoins. In my opinion, he is just ignorant and cannot control his greed. This happens often with newbies and I believe when we were newbies, we were just like them so there is nothing funny here. No one can be good immediately and have full experience right from the first days of entering the market, and losses, being scammed... are unavoidable. Altcoins could really be considered out on two possible types on which to those projects or coins which does have actual utility or with those coins/tokens which are made up basically for meme and this has been always the part now into this marketplace. This is why there are other people who are really that thriving out to deal up with altcoins or meme coins because they do know that once they could be able to hit up the right one, they could potentially make themselves that rich if they had hit up the right spot but not all and this would really be needing up with some extra luck for this one because when it comes to memes then it wont really be that much of suggested when it comes on hitting the right project. This is where you would really be that always be considerate about the risks involved. It would really be a hit or miss then it would really be that depending on you.
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RockBell
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May 30, 2024, 07:06:49 PM |
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Heard of many such stories where traders without strategy losing it all due to sheer greed, expert traders will always use take profit and stop loss functionality and these new coins are pure pump and dump which we knows that will eventually end up as zero still people try experimenting just because some random user got lucky. Instead they need to work on strategy and shouldn't divert from it.
people don't know what it costs to lose money so what will it take for you to sit down and learn, people just want free money and they don't want suffer and there is no free money and you have to work and you have to put in a lot of commitment. because that is what will determine what your trading life will look like a lot of people are lazy and they want to make money from trading and am still wondering how that is going to be possible because you need to always be on alert and conscious of whatever is happening in the market. to avoid losing opportunities. and another thing is that people are actually greedy they want to make everything during the whole investing process of trading. and who invest in new coins because they will hype and then pump and the next thing will be that the coin will dump and you lose good money following hype is dangerous. and people have a big problem when someone gets lucky everyone will want to follow that part and that is why you see a lot of people losing money just because they feel they might also get lucky the same time. and you can not always use people's experience to judge your journey so being careful is one of the best experiences.
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Mame89
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May 30, 2024, 08:01:00 PM |
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A common greedy investor.
Don't be like him, there have been many opportunities that are coming to us and if you're not going to be as wise as you can be, you'd definitely lose a lot of money.
It's not about how much you make but how much you can keep based on the emotions that you're having at that time of profits.
Most of the time People lose the opportunity to earn money due to their own mistakes and one of the major mistakes is that they prefer their greed and don't take their already higher worth profit. I think one should be Thankful for his profit no matter how little it is because if we enhance our desire then we will not be able to enjoy our profit. One should avoid certain things if he wants to become a successful person because success does not mean that the more you earn then the more you will be successful but successful means that you are enjoying the amount wisely which you have earned. Sometimes we are in profit but we reject that profit because we want something better but we forget that something is better than nothing. If we have entered the world of trading then we have to use planning, just like we are opening a real business, we aim for reasonable profits in a day and don't be too eager to take big profits because this is the beginning of greed. The most important thing is to be brave enough to take small losses rather than waiting for big profits but experiencing big losses. In my opinion, this technique is what traders should do. Because the enemy in trading is actually thinking about getting rich quickly (Greedy), which can cover clear thinking in reading the market, causing traders to never be successful. In addition, there may be too many ways to mix it so you are confused when applying it. The points you convey are very interesting, always be grateful for the profits we get, controlling emotions is one way to avoid greed in trading.
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Viscore
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May 30, 2024, 09:12:07 PM |
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A common greedy investor.
Don't be like him, there have been many opportunities that are coming to us and if you're not going to be as wise as you can be, you'd definitely lose a lot of money.
It's not about how much you make but how much you can keep based on the emotions that you're having at that time of profits.
Most of the time People lose the opportunity to earn money due to their own mistakes and one of the major mistakes is that they prefer their greed and don't take their already higher worth profit. I think one should be Thankful for his profit no matter how little it is because if we enhance our desire then we will not be able to enjoy our profit. One should avoid certain things if he wants to become a successful person because success does not mean that the more you earn then the more you will be successful but successful means that you are enjoying the amount wisely which you have earned. Sometimes we are in profit but we reject that profit because we want something better but we forget that something is better than nothing. Greed is a human nature, but if we use it creating negative motivation, that will also result in a negative way. It’s not wrong to be greedy, as long as you know how to control and limit your greed when you know it’s not right anymore. Just like this certain trader, if he only sticks to his goals and be satisfied with small profits on hand, and not focus on greed, he will not end up losing all his future profits. But because he doesn’t have clear trading goals and plans how to achieve it, but instead fall on the traps of greed, he lost all his opportunities to make great profits, something that should serve him a lesson not to repeat the same mistake again the next time he’ll trade.
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Russlenat
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May 30, 2024, 10:59:16 PM |
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The "all-in" trader is someone who doesn't really know when to stop. Most of the time these people who have absolutely no understanding how any of this works, ends up losing their money from the get go, and that is why they have nothing that they could trust the system with, that is just how it works, they put all their money into something and they get rugged right away.
However, there are some who gets "lucky" and see it rise a lot, and the ones who get out usually share it everyone online, if this dude turned 3k into 80k and sold there, then we would have been able to say that he did something good, and that would have worked very well for him, and he would have suggested everyone to do the same, but because he waited too long, he has nothing left.
At some point, being an all-in trader is also a good thing because he has set a goal first and foremost to maximize his bitcoin earnings at all cost. And that he will do everything even becoming greedy. And that’s when he turns to greed, he won’t be contented with small profits anymore which is certainly a bad habit. That’s exactly how this trader has turned out, and maybe without no one in his side to advice him that he’s no longer in the right path and motivation, then he proceeded with his action not knowing that it will only lead him to future losses and regrets. One thing why being highly greedy is a big NO in trading or even in simply investing.
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Ben Barubal
Member
Offline
Activity: 560
Merit: 17
Eloncoin.org - Mars, here we come!
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May 30, 2024, 11:04:05 PM |
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A common greedy investor.
Don't be like him, there have been many opportunities that are coming to us and if you're not going to be as wise as you can be, you'd definitely lose a lot of money.
It's not about how much you make but how much you can keep based on the emotions that you're having at that time of profits.
Most of the time People lose the opportunity to earn money due to their own mistakes and one of the major mistakes is that they prefer their greed and don't take their already higher worth profit. I think one should be Thankful for his profit no matter how little it is because if we enhance our desire then we will not be able to enjoy our profit. One should avoid certain things if he wants to become a successful person because success does not mean that the more you earn then the more you will be successful but successful means that you are enjoying the amount wisely which you have earned. Sometimes we are in profit but we reject that profit because we want something better but we forget that something is better than nothing. If we have entered the world of trading then we have to use planning, just like we are opening a real business, we aim for reasonable profits in a day and don't be too eager to take big profits because this is the beginning of greed. The most important thing is to be brave enough to take small losses rather than waiting for big profits but experiencing big losses. In my opinion, this technique is what traders should do. Because the enemy in trading is actually thinking about getting rich quickly (Greedy), which can cover clear thinking in reading the market, causing traders to never be successful. In addition, there may be too many ways to mix it so you are confused when applying it. The points you convey are very interesting, always be grateful for the profits we get, controlling emotions is one way to avoid greed in trading. Greediness is always an instrument, which is why there are always many traders who do not succeed in their trading careers. That's why, as much as possible, we should first find out how to be responsible traders. It's easy to be a trader, but it's not easy to have the true character of a trader. That's why others really took years before really understanding trading. Just like what happened to Op, he used greed, so the result was not good; in short, he was not happy with the trading he did. The time was wasted, and the win was wasted.
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AnonBitCoiner
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May 31, 2024, 05:04:45 AM |
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Greed won't bring us that far.
Whether it is with the crypto market, stocks, or even in forex. If you're too greedy, you're going to lose a lot. And that's why do not make the same mistake that you might happen to you too.
Be happy with how much you can potentially earn and stop being bothered with how little you have earned, as long as it is a profit, that must be fine.
If a person feels happy for all the things he has then he will not be involved in greedy behaviour and he will accept the little profit too due to which one day he will be such a successful person that everyone will desire to be a person like that. Greed cannot give you anything instead of becoming a cause of your non fulfilment therefore avoid greed and move with a clear mind and open mind to welcome the least but sure profit. If you neglect the minimum profit and wish to have more then you will be deprived of everything.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Distinctin
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May 31, 2024, 06:13:06 AM |
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A common greedy investor.
Don't be like him, there have been many opportunities that are coming to us and if you're not going to be as wise as you can be, you'd definitely lose a lot of money.
It's not about how much you make but how much you can keep based on the emotions that you're having at that time of profits.
Most of the time People lose the opportunity to earn money due to their own mistakes and one of the major mistakes is that they prefer their greed and don't take their already higher worth profit. I think one should be Thankful for his profit no matter how little it is because if we enhance our desire then we will not be able to enjoy our profit. One should avoid certain things if he wants to become a successful person because success does not mean that the more you earn then the more you will be successful but successful means that you are enjoying the amount wisely which you have earned. Sometimes we are in profit but we reject that profit because we want something better but we forget that something is better than nothing. Traders who often see trading as a get rich quick would not settle into small profits, but would disregard it and look for even bigger profits. That’s how greed affects the mindset of traders, not realizing that it could even lead to more losses in the end. That’s why if you want to trade because of greed, just learn to avoid trading at all cost, in order to prevent your hard-earned money from inevitable losses and to protect your mental and emotional health state from depression. Small profits once compounded turn into big profits. If you are a responsible trader, you should know about this. Otherwise, you are never trading, but gambling your trades.
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fuguebtc
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May 31, 2024, 08:43:33 AM |
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One funny thing about altcoins is the pump and dump, if a trader is lucky to make a profit of $77k that is if we remove the capital of $3k he started the trading with why not withdraw it knowing too well the risk that are associated with altcoins because just like same way they pump speedily that's same way they dump and one act about traders is that if they made a profit of that amount and later on they lost part of their profits instead of taking out the remaining profits they will still have the mindset that it will pump to that initial profit they had before and I have seen a lot of crypto traders lose a lot of money with this same mindset.
Pumps and dumps happens too in BTC but it was only more natural. Maybe the guy is only less knowledgeable to not know it? Indeed he is already lucky there to profit like that but he is also greedy and maybe he is waiting for more pumps but unfortunately it didn't happened anymore. Many of us are also greedy but not to that point he is showing. $77k is already a huge profit out of his small capital and even not exactly $77k but only $10k or $20k return, that is still good already. There maybe lots of those you see but I believe they are like this guy who is also a newbie and once they gain enough experience, they can also change their approach. Yes, pumping and dumping also happens with bitcoin but many people deliberately do not accept this fact and they say that it is a volatile based on supply and demand. But there is a difference between bitcoin and altcoins which is that if bitcoin gets dumped, it will still recover after a while but that will not happen for many altcoins. In my opinion, he is just ignorant and cannot control his greed. This happens often with newbies and I believe when we were newbies, we were just like them so there is nothing funny here. No one can be good immediately and have full experience right from the first days of entering the market, and losses, being scammed... are unavoidable. Altcoins could really be considered out on two possible types on which to those projects or coins which does have actual utility or with those coins/tokens which are made up basically for meme and this has been always the part now into this marketplace. This is why there are other people who are really that thriving out to deal up with altcoins or meme coins because they do know that once they could be able to hit up the right one, they could potentially make themselves that rich if they had hit up the right spot but not all and this would really be needing up with some extra luck for this one because when it comes to memes then it wont really be that much of suggested when it comes on hitting the right project. This is where you would really be that always be considerate about the risks involved. It would really be a hit or miss then it would really be that depending on you. If talking about altcoin investment, I have never opposed or hated it because I also invested in it and earned a lot of profit from it. But investing in altcoins is very risky, especially memes, so those who like risk and have knowledge should participate in altcoins, but if you are newbies, you should stay away. Altcoins are all the same, I don't differentiate between junk projects and utility projects because there is also no guarantee that the top projects will survive in the long run. Investing in altcoins is short-term speculation and unlike long-term investments in bitcoin, once we make profits from them, we should take profits. Don't naively believe what they advertise and think we can invest long term in altcoins, it's very risky.
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bettercrypto
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May 31, 2024, 08:11:04 PM |
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One funny thing about altcoins is the pump and dump, if a trader is lucky to make a profit of $77k that is if we remove the capital of $3k he started the trading with why not withdraw it knowing too well the risk that are associated with altcoins because just like same way they pump speedily that's same way they dump and one act about traders is that if they made a profit of that amount and later on they lost part of their profits instead of taking out the remaining profits they will still have the mindset that it will pump to that initial profit they had before and I have seen a lot of crypto traders lose a lot of money with this same mindset.
Pumps and dumps happens too in BTC but it was only more natural. Maybe the guy is only less knowledgeable to not know it? Indeed he is already lucky there to profit like that but he is also greedy and maybe he is waiting for more pumps but unfortunately it didn't happened anymore. Many of us are also greedy but not to that point he is showing. $77k is already a huge profit out of his small capital and even not exactly $77k but only $10k or $20k return, that is still good already. There maybe lots of those you see but I believe they are like this guy who is also a newbie and once they gain enough experience, they can also change their approach. Yes, pumping and dumping also happens with bitcoin but many people deliberately do not accept this fact and they say that it is a volatile based on supply and demand. But there is a difference between bitcoin and altcoins which is that if bitcoin gets dumped, it will still recover after a while but that will not happen for many altcoins. In my opinion, he is just ignorant and cannot control his greed. This happens often with newbies and I believe when we were newbies, we were just like them so there is nothing funny here. No one can be good immediately and have full experience right from the first days of entering the market, and losses, being scammed... are unavoidable. Altcoins could really be considered out on two possible types on which to those projects or coins which does have actual utility or with those coins/tokens which are made up basically for meme and this has been always the part now into this marketplace. This is why there are other people who are really that thriving out to deal up with altcoins or meme coins because they do know that once they could be able to hit up the right one, they could potentially make themselves that rich if they had hit up the right spot but not all and this would really be needing up with some extra luck for this one because when it comes to memes then it wont really be that much of suggested when it comes on hitting the right project. This is where you would really be that always be considerate about the risks involved. It would really be a hit or miss then it would really be that depending on you. If talking about altcoin investment, I have never opposed or hated it because I also invested in it and earned a lot of profit from it. But investing in altcoins is very risky, especially memes, so those who like risk and have knowledge should participate in altcoins, but if you are newbies, you should stay away. Altcoins are all the same, I don't differentiate between junk projects and utility projects because there is also no guarantee that the top projects will survive in the long run. Investing in altcoins is short-term speculation and unlike long-term investments in bitcoin, once we make profits from them, we should take profits. Don't naively believe what they advertise and think we can invest long term in altcoins, it's very risky. Whether it's altcoins or meme coins, like you said, it's the same that there is a real risk; it's just higher than meme coins. Especially recently, a lot of meme coins have really come out under the Sol network, and some have been exploited by hackers under the Sol network just last week. Because the hacker probably saw that there are many obsessed communities that are taking the chance to get rich from the meme coins that they choose to use their investment, especially since recently there are a few meme coins under sol that have boomed in the market and have even been listed among the top exchanges only recently, that's why more caution is still needed for our communities in this field of the crypto industry.
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boyptc
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May 31, 2024, 09:29:05 PM |
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Greed won't bring us that far.
Whether it is with the crypto market, stocks, or even in forex. If you're too greedy, you're going to lose a lot. And that's why do not make the same mistake that you might happen to you too.
Be happy with how much you can potentially earn and stop being bothered with how little you have earned, as long as it is a profit, that must be fine.
If a person feels happy for all the things he has then he will not be involved in greedy behaviour and he will accept the little profit too due to which one day he will be such a successful person that everyone will desire to be a person like that. Greed cannot give you anything instead of becoming a cause of your non fulfilment therefore avoid greed and move with a clear mind and open mind to welcome the least but sure profit. If you neglect the minimum profit and wish to have more then you will be deprived of everything. To be honest, it's easy to say that. But when you get into the actual situation, you'll be having a lot of hard time for it. Although there are many ways for us to control our greed. If you're trading for a very long time, you know how to control it already. The most prone ones are the newbies when they're too happy looking at their gains but they didn't cashed it out, they'd feel depressed when they start to see the going down of their portfolios.
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Yamifoud
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May 31, 2024, 11:49:59 PM |
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A common greedy investor.
Don't be like him, there have been many opportunities that are coming to us and if you're not going to be as wise as you can be, you'd definitely lose a lot of money.
It's not about how much you make but how much you can keep based on the emotions that you're having at that time of profits.
I assume that person is not greedy but just unaware of the current situation. With a lack of knowledge and market updates could possibly lose their chances to make a profit. I assume that person is also a long-term investor and doesn't care about today's happenings but is certain about his/her goal a few years from now. If I was right, this would tell us that the market volatility could give us a chance to earn big but sometimes also could miss it. That is why I would say that we don't have to feel regret about whatever happens to our investment because we don't have control over the market trend.
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Peanutswar
Legendary
Offline
Activity: 1722
Merit: 1303
Top Crypto Casino
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June 01, 2024, 09:56:43 AM |
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Same stories to those traders who already gained profit but still dotn want to take their asset back because they are still hoping more than they are seeing in their wallet. One of the common mistake is the traders is being greedy imagine you can take home those gains and still hoping to get more, now the market crash and get honeypot you cant pull it out every seconds matter in trading if it's already hit a multiplier with your investment take it. That's the lesson in the memecoins or shitcoins it's not a long term investment seconds matter in their coins not like the top currencies.
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fuguebtc
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June 01, 2024, 01:09:25 PM |
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-.-
Whether it's altcoins or meme coins, like you said, it's the same that there is a real risk; it's just higher than meme coins. Especially recently, a lot of meme coins have really come out under the Sol network, and some have been exploited by hackers under the Sol network just last week. Because the hacker probably saw that there are many obsessed communities that are taking the chance to get rich from the meme coins that they choose to use their investment, especially since recently there are a few meme coins under sol that have boomed in the market and have even been listed among the top exchanges only recently, that's why more caution is still needed for our communities in this field of the crypto industry. Investing in altcoins, especially memes is very risky but as I said, speculating in them is not too bad if we are knowledgeable and willing to accept the risk. I also invested a little in Bonk, Wif and bome quite early on, they are all memes of the Solana. Currently, they are giving me a decent profit and I haven't taken my profit yet, I bet many people will say it's too risky but I'm willing to take the risk to get a bigger reward. In addition, I only invest a small amount of capital in them, so if there are any problems, it won't affect my investment portfolio too much. Investing in memes is fun, but I honestly don't recommend anyone invest in it.
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irhact
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Altcoins are all the same, I don't differentiate between junk projects and utility projects because there is also no guarantee that the top projects will survive in the long run. Investing in altcoins is short-term speculation and unlike long-term investments in bitcoin, once we make profits from them, we should take profits. Don't naively believe what they advertise and think we can invest long term in altcoins, it's very risky.
All altcoins aren't the same, we have altcoins that are contributing good things to the cryptocurrency market and we have those that are just here to make you lose money and if you keep buying them you might have nothing left. Memecoin are some altcoins that are just not worth buying but the layer 1 coins that help in bringing new utility to Blockchain as Ethereum and Solana are good altcoins that you can buy to hold for long term and you can make profits. The type of trader or investors that we should be is that one that does his research before buying or trading any cryptocurrency. You can make money from any altcoins that you want to buy or trade but if you do not research on the project, you would not make profit unless you're lucky. Do not be the types of investors or trader that just buy anything that they see without researching.
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stomachgrowls
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June 01, 2024, 05:29:56 PM |
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Altcoins are all the same, I don't differentiate between junk projects and utility projects because there is also no guarantee that the top projects will survive in the long run. Investing in altcoins is short-term speculation and unlike long-term investments in bitcoin, once we make profits from them, we should take profits. Don't naively believe what they advertise and think we can invest long term in altcoins, it's very risky.
All altcoins aren't the same, we have altcoins that are contributing good things to the cryptocurrency market and we have those that are just here to make you lose money and if you keep buying them you might have nothing left. Memecoin are some altcoins that are just not worth buying but the layer 1 coins that help in bringing new utility to Blockchain as Ethereum and Solana are good altcoins that you can buy to hold for long term and you can make profits. The type of trader or investors that we should be is that one that does his research before buying or trading any cryptocurrency. You can make money from any altcoins that you want to buy or trade but if you do not research on the project, you would not make profit unless you're lucky. Do not be the types of investors or trader that just buy anything that they see without researching. We do have that differentiation and its not really that something hard for you to spot out on which one is considered to be a solid project and which one is shit or just simply saying about those meme coins. If we do really tend to compare on how many coins that we do have in the market that circulats todays and to those which do come and go then we could really tell that there are tons. This is why we should really be that wise on choosing on which coins that we are really that tending to hold for long term. Somehow, you cant really be able to blame out those people who would really be tending to take risks on dealing up with memes just because there's really that chance on making your life that way more better in terms of finances or making hundreds of thousands or even millions of $$$ but of course it would really be needing up that significant luck considering most of those shit coins or memes are really that easy come and go. Just like others been saying that this would really be that a hit or miss for those who do tend to deal up with meme coins on which these are the coins/tokens that could make that moonshot in a short period of time.
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boyptc
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June 01, 2024, 06:22:28 PM |
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A common greedy investor.
Don't be like him, there have been many opportunities that are coming to us and if you're not going to be as wise as you can be, you'd definitely lose a lot of money.
It's not about how much you make but how much you can keep based on the emotions that you're having at that time of profits.
I assume that person is not greedy but just unaware of the current situation. With a lack of knowledge and market updates could possibly lose their chances to make a profit. I assume that person is also a long-term investor and doesn't care about today's happenings but is certain about his/her goal a few years from now. If I was right, this would tell us that the market volatility could give us a chance to earn big but sometimes also could miss it. That is why I would say that we don't have to feel regret about whatever happens to our investment because we don't have control over the market trend. He's not a long term investor. He's a trader and made $3k to $80k and did nothing, he said that he didn't took profit. Possible that he has waited for more to increase the potential profit that he's got but did nothing. Then he has made back to $10k and then lost it again. A long term investor seeks profit not to seek nothing so I don't think he's not a long term investor, he's aware of the market but greed fed him.
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Egii Nna
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June 01, 2024, 09:48:01 PM |
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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?
If he is really telling the truth, then definitely I will say he is very greedy because knowing that he invested in a meme coin and anyone who knows trading knows that meme coin usually rises up very high then suddenly dumps to the lowest that you will ever think of, so I see no reason why you will like to keep your money when you know that you have gotten almost 27x of what you have already invested. Definitely, you have to know that you are lucky, so the solution will be to take your profit, but due to his greed, he wants to get 100x or 50x. I don't know, maybe that is why he left it. But to be sincere, if it were me, I think no one will remove that profit as fast as I will because I have gotten a good profit. Even though I have potential on the meme coin, I will still remove it and then leave like $3000 worth of the coin.
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Ben Barubal
Member
Offline
Activity: 560
Merit: 17
Eloncoin.org - Mars, here we come!
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June 01, 2024, 11:54:04 PM |
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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?
If he is really telling the truth, then definitely I will say he is very greedy because knowing that he invested in a meme coin and anyone who knows trading knows that meme coin usually rises up very high then suddenly dumps to the lowest that you will ever think of, so I see no reason why you will like to keep your money when you know that you have gotten almost 27x of what you have already invested. Definitely, you have to know that you are lucky, so the solution will be to take your profit, but due to his greed, he wants to get 100x or 50x. I don't know, maybe that is why he left it. But to be sincere, if it were me, I think no one will remove that profit as fast as I will because I have gotten a good profit. Even though I have potential on the meme coin, I will still remove it and then leave like $3000 worth of the coin. Until now, I am really thinking that of the 80,000 dollars, nothing was released—at least 1/4 of it—and around 20,000 dollars. I wish he had released 3,000 dollars separately. That is just one of the causes or effects of gambling addiction when the gambler is addicted and has greed. And if the story OP is telling is also true, you can also use terms that are not good for him because the system of greed has really swallowed OP. And I hope he was not depressed by that experience and that he overcame it.
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