Post
Topic
Board Speculation (Altcoins)
Re: Excessive greed is detrimental to investment
by
DOH!
on 26/01/2023, 09:17:22 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.  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.
It is a very harsh fact but true. I was also in the same situation in 2021, instead of selling all coins for a profit x2-x3 times, but not everything happened because of that ambition and I lost the opportunity to make money. . Greed is not suitable for crypto investments. Unfortunately, humans are always ambitious and get greedy when faced with those situations. Like a magical attraction.