Post
Topic
Board Speculation (Altcoins)
Re: Excessive greed is detrimental to investment
by
sana54210
on 30/12/2022, 18:02:02 UTC
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.  Finally I would like to say one thing from my real life, don't get too greedy in cryptocurrencies and hold any particular coin for a long time.  It has the possibility of much more loss than profit.
First of all, it is a bear year and all new investors are in losses and not just you. So, you need to be light hearted and look for more investments and must go for DCA to get better returns by 2025. Also, you need to invest only on right and potential coins like bitcoin and not into random coins. I am a old crypto adapter hence I am not aware of new things; I ignored all recent developments like defi or nft. If you have invested into bitcoin also, you might be in losses right now but you can be sure about recovery.

High potential coins are having more advantage hence not touching random shitcoins will help you to gain more profits over the time.