Quote from: DOH! on January 26, 2023, 09:17:22 AM

Quote from: LDL on November 26, 2022, 07:01:21 AM

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.

All of us have gone through that phase when we are still a newbie so there is no need to be ashamed about that but we must be proud to tell this story on how we overcome it later on. Even if most of us are successful now, this kind of stories will still be a very big part of us. In your case there you said you only sell your coins for 2x and 3x profits?

I think that was still fine and not totally disappointing at all. What is really disappointing is if we ended up in a loss because of chasing higher returns. Like the title says, excessive greed is detrimental to success so that means that a non-excessive greed is still fine as it gives us unnatural energy.