Quote from: Asiska02 on May 20, 2024, 06:35:49 PM

Quote from: bSpend on May 19, 2024, 01:25:06 PM

St $80,000, he still didn't take profit, can we attribute or say the cause of his loss was due to him being too greedy, or being too patient, or over trusting or believing in the coin/token he bought?

You have given he perfect answer to this scenario, he was too greedy and wanted the coin to go more higher before he can take profit and that’s not how it’s done in crypto after investing in a meme coin that can just go up or down at any moment. He is not the first to do such but if I were in his position, I will take away all profits from that coin that I invested and leave the capital to take on the remaining ride. If I get to win more, I’ll still take partial profit and if it goes against me, I will have nothing to lose too. He was just too greedy and he lost everything, that’s the point on not being too greedy in crypto.

If there is a decline, what will happen is a psychological disorder, where panic selling will occur. For me, if I get a big profit like that, at least sell some of it, to protect our psychology if something undesirable happens. besides that, we also have to look at the market, if it has penetrated the new ath then it is possible that most of the coins will be sold