Post
Topic
Board Trading Discussion
Re: What type of a trader/investor is this?
by
Hamza2424
on 20/05/2024, 20:04:56 UTC
I came across one channel on telegram known as "Crypto Confessions" and on this channel, one can find alot of real life confessions from real people in crypto, while I was scrolling and reading all the confessions, some very interesting, while alot of others; not so interesting, I came across this one above and it really captivated me, I tried to imagine what this dude must be feeling like if at all what he said was true.

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?

BTW, for those that might want to join the channel, here - https://t.me/anonymous_crypto_confessions

OP, we must recognize that patience is the key to success and share decisions at a perfect time, no one knows what's good and what's bad, we cant say this is a perfect time but still in our calculations we should need to be aware of the real facts and figures.

Hmm, this is what he confessed let me let you tell one of the greatest bad luck in my own experience, it was the timeline of the last bull run I was new in the crypto market after a long bear turn, and the market was going to make its new All time high, I was positioned in a coin which was valued around 20$ only due high sell pressure on it after 3 months it started removing and value on that time 200$ on very next week 400$ and I was still holding, on 900$ I too 50% out and then on 1200$ total value of my holding all out, after a few months, haha it was worth around $53k but there was almost no liquidity still I don't regret my profit booking because I was a newbie.

Moral is you should put your full efforts on the ground reality but for the rest leave it to luck, it will be called gambling because in the market you cant speculate the tips of ice berg.