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.
It's sad to hear this. But this is exactly the fate of some of us here. Sometimes you don't want to be greedy, so you sell your token after seeing x5, and then after selling, the token starts pumping like mad, so you miss out of a pump. Other times, you try to be greedy, so you hold even when the token is pumping hard, and then, just before you know it, it rugs and you lose everything.
So, when t comes to cryptocurrency, just know that the dev is never your friend and people are buying that particular token for different reasons. So don't be a bag holder, sell and take profit when you have the chance.