Quote from: bitLeap on June 04, 2024, 03:28:43 PM

Quote from: adiksau0414 on June 02, 2024, 01:07:28 PM

I agree with this especially about greediness. When it comes to trading, greed might result in rash choices, excessive trading, or taking on excessive risk. Greed can impair judgment, lead traders to risk too much money on a single trade, or cause them to hang onto lost positions for too long. Having a sound trading plan and following it is more crucial than pursuing excessive profits out of greed. To stay out of the greed trap, it's critical to control risk and establish reasonable profit goals.

In any case, greed will lead to negative things, especially in trading. To prevent this from happening to us, we should set a target before we trade, be it a profit target or a loss target. That way, we can further minimize the greed that comes to us.
It's not easy to implement this, but we can work hard to do it. I'm sure we will get used to it and be able to suppress the greed within us.
When we can control ourselves, we will be able to avoid things that will have a bad impact on us. And I think only we can control ourselves, so we have to be in complete control so that emotions or greed don't control us.

Depends on the level of the greed. I mean it will most probably reach to a bad thing if you are "too" greedy, but if you are not greedy at all then you wouldn't want anything more than you have. So, any person who ever invests into bitcoin is "greedy" in the sense that they want more than what they have, so that is greed, but if you sell your house and put it on 100x leverage to be wealthy right away, that is too greedy obviously. So all in all, the level of greed needs to be adjusted.

I personally just put some aside every month whenever I can, failed to do that for a while now because of my financial situation, but that is my idea of investment, just get your wage and put some to bitcoin and do that for many many years.