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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_confessionsGreed, Impulsive emotion and lack of self control and contentment!
I've been on this kind of situation on which did earn $60k but i didnt intend to cash out until it goes down to $9000 until to $1k and almost zero to value. I have continued to held it off until it dies because i was hoping that it would really be making some recovery or comeback. On the time that im already at 60k then im thinking about 100k and even 200k and so forth, which does simply shows that you had made yourself that being too greedy and delusional. You do like on becoming rich with crypto and this is why you dont make yourself get contented or secure those profits until it would go back to zero.
That kind of experience would really be giving out that long term trauma or regrets on which this is something that will really be keeping on your mind and cant really be removed out for the rest of your life.
Yes, you can move on but you cant be able to forget such thing because this is something the worst situation that you might be able to experience for the rest of your life, specially if the amount we are talking is something that could already changed up your life or could be used up into something else or even build a house. You would really be certainly keeping on minding or flashing back on what if you had missed out
and on the time that you would really be thinking then you go depressed. This is why it would really be always important to take profits, you wont be rich because you dont know on how to take profits.
You would really be only doing such thing when you do see that the price is already at the bottom. In case of that person described or shown such situation then it do shows on how greedy human beings are.