Post
Topic
Board Speculation (Altcoins)
Re: Excessive greed is detrimental to investment
by
Sterbens
on 08/12/2022, 17:49:46 UTC
I think most of us experienced the same thing on our investment journey in crypto. But after that we learned a lesson to not be greedy, if you see an opportunity to take profit, go ahead, don't hesitate unless you have a set price and willing to hold and take risk even it takes a long time.

Will the market go to the previous position?
We're not certain about this but if we look back in the past history, the market do bounce back after the long bear season. So to answer your question, if you're holding a good coins then it will likely recover once bear market is over.
There are lessons to be learned from our mistakes which can then be called greed. The fact is that all who have experienced it will change because they have felt it and don't want to repeat the same mistake. Market movements cannot be fully predicted, but I agree that if the coin we hold is a very good coin, then we will return to past prices before this bear season occurs, it's just that we need more patience to get back there.
I now never forget to take profit if my targeted price is reached, and instead I hold on as long as I can because I already got the profit I had earlier. So that way I assume it is my lost money that I will take when I really want to take it.