Post
Topic
Board Altcoin Discussion
Merits 3 from 1 user
Re: Another example is how greed destroy crypto investors.
by
Woodie
on 15/10/2022, 19:30:55 UTC
⭐ Merited by The Pharmacist (3)
A few days back I bought a token from Launchpad. After they Launch on Pancakeswap I made 1.5X and sold. I was happy with that. But unfortunately, the token price grow double every day, then I bought again at the higher price. I thought this was a chance to multiply my portfolio again. Even though it grow 5x but O didn't sell that due to greedy behavior. Eventually, the project rug was pulled and skipped with all the funds. That means I lost everything even including my initial investment. This is how greed destroys us and scammer takes the advantage.
Ouch this should have given you a headache after thinking through why you never took profits early like you did for the 1.5x, but then again sometimes greed can be rewarding if you ask me Roll Eyes imagine if you didn't take profits out at 1.5X and waited for the 5X to happen... It would mean that more profits and a good invest story to tell. But unfortunately we can't be masters of all which is why we need investment plans that can be followed... If portfolio grows 5X remove profits to secure the bag no matter how promising an asset me seem this will help us to become more disciplined.