Post
Topic
Board Speculation (Altcoins)
Re: Excessive greed is detrimental to investment
by
peter0425
on 16/01/2023, 03:02:08 UTC
Having greed is good, its the stupid mistakes that make you lose money. Greed is wanting more money, holding more than you should is not "greed", its a mistake, if you know what you are doing then you would sell at the top and buy at the bottom and make more money aka be greedy.
best to put level in your expectation and not over expecting , greed takes place once you desire for so much when you already have best , imagine already gain double but looking for more? then that is already greed and need to be changed .
Quote
So all in all, do not make all the mistakes confused with each other, because emotions in trading world is very dangerous
emotion must not take place , when you are trading because this will affect your decision making and most of the times? to wrong side.
Of course, in this case, a lot of people lose because they are too greedy and because they don't sell their crypto because they think the price will be even higher, but there are also consequences that greed can get big profits, like people who are strong and don't sell it when the price is high, because they think the price will be even higher, and the prediction comes true and finally sells at a very high price and makes a big profit. so I think in this case we also can't blame our decision too much. because everything depends on the fate of each of us so be grateful no matter what happens.
don't just stick to that Idea that those who waited for much price before selling is greedy because it is different if you Hold coin like Bitcoin comparing to shitcoin , because we have seen bitcoin growing over the years and yes it is worth being greedy for that sense .