Post
Topic
Board Speculation (Altcoins)
Re: Excessive greed is detrimental to investment
by
Oilacris
on 01/12/2022, 22:07:38 UTC
When I was new to cryptocurrency I was totally ignorant about market prediction, volume, future plans.  Then I invested in some cryptocurrencies.  After a few days of investment, I made quite a few dollars.  But due to little knowledge about the market and excessive greed, I did not sell the crypto currencies I invested in the market at that time.  So currently I am at a loss of $14000.  Now I have no alternative but to wait for a long time.
Wait is the only way for now until you can recover from that losses.
When people claim they have little knowledge about the market and the greed to get more money is what makes people suffer from more losses. I don't mind with getting more profit but by the time the world suffers global recession and the update of cryptocurrency where so many bad news happens, that should be a bad sign for all of the holders or traders to actually stop and think again about the decision.
Patience is always the main key when we do really go after for long term investment or thinking up recovery because it cant really be just avoided that we could really be having the negative or floating losses

which means that as long you dont able to sell out those positions then you arent losing anything but if you do then thats a realized loss.Dont make yourself get panicked even though its hard but it would

really be wise on making yourself to get prepared for these conditions or situations.Dont let greed control you and you should need a get a hold of it or else you would
be facing lots of errors and mistakes.