Post
Topic
Board Speculation (Altcoins)
Re: Excessive greed is detrimental to investment
by
MusaPk
on 31/01/2023, 18:48:49 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.


If you are into any investment then one need to make balance between his personal greed and whats going on in the market. If you just follow your personal greed then you are deemed to lose. One need to set a target price on which token of selling price and as soon you see that price its better to sell your coins and take the profit. This cycle must go on, as there is no coin that can only go up. Its fundamental rule of every market that price goes up and down. You need to keep a bulls eye on price of your token.