We often talk about how greedy people can be during the highs, holding on because they think they can sell for more. But it’s funny how we don’t really discuss those folks sitting in stables or fiat after a price drop, waiting to jump in but then getting greedy, thinking they can snag an even better deal.
Sentiment trackers label this as "Fear," but honestly, it's just greed. They start picturing how much more BTC or ETH they could grab with their cash if prices keep dropping.
That’s the vibe I’m sensing right now. A ton of GREED from those hanging onto their stables, not thinking straight but just wanting to buy more for less. It’s like looking at a reverse image of the bullrun highs, giving me serious déjà vu.
Fear sentiment usually masks the greed of those in fiat or stables
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It is important that everyone in cryptocurrency should concentrate on his own strategy than listening to what the public are saying, engage on what will make you profitable than listening to the public opinions, if you decided to sell they will still complaining you are not holding and when you are not holding they will say it that you are missing out, but despite all this, crypto is still far better than stables of yacht that are unprofitably fixed.
CyberFalconFull Member
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#3May 6, 2018, 04:34 AM
I am one of the sufferers of greed. I have been holding a decent number of Ethereum and a small amount of Bitcoin as well, besides a few more altcoins. But when Bitcoin is in ATH, I intend to sell when it reaches my target. The target wasn't too far from the ATH, especially for Ethereum, but I haven't bothered to sell my holding and now regret it.
I have to admit also when I hold fiat, I just wait for another dump, and that's how sometimes I miss the bull run. That's how I learnt a lesson, and now I'm slowly accumulating some other coins as well. Hope that will give some good profits when we see another bull run. After all, we have to take lessons from the past mistakes.
vault_alphaHero Member
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#4May 6, 2018, 06:57 AM
If it's about what you stated above, then I would have to go with the "so-called sentiment trackers."
First, they understand the market better than the literal thoughts you are bringing in, and second, their disposition reflects the reality of what happens better. By the definition of greed and fear, naturally, it hints that when the market has fallen and a trader who initially planned to enter it, couldn't, simply has the inaction of either: 1. a lack of interest or 2. fear, and it's happening daily. No greed is linkable here.
It's uncommon for a trader/investor not to experience this. But I don't possibly know how this could be greedy when such has not even purchased the asset, let alone purchasing it in excess.
This is true, but what most people experience is fear instead of them waiting to buy lower.
Because, for example, in this scenario, Bitcoin reached an all-time high $120k example, people will start saying, "If Bitcoin drops to $60,000 again, I'll buy more", but when the time comes, most of these people who promised to theirself started to be afraid to buy more. For sure, a lot of people are experiencing this and can relate.
Worst part is that they usually end up not buying a single thing until the dip is over because they were busy waiting for it to dip even further when they could have been buying when they had the chance to do so, their greed held them up but it still won't let them go even when another dip happens, you will find that these same set of people who waited too long and didn't buy the first still not buy during the next dip because they are still hoping for it to dip lower and this happens even after they must have told themselves that they will no longer fall for their own greed again.
Every trader on the market follows his own strategy. You can't force the fiat/stablecoin "holders" to buy BTC, if they don't want to. Just relax and enjoy the current situation on the market. Those fiat/stablecoin "holders" will eventually start buying BTC and the Bitcoin price will start climbing back to the top. The problem is we don't know the exact year of the next bull run. I have doubts that this process would start by the end of this year. The bull run would most likely start somewhere around the end of 2027 and the beginning of 2028(or maybe after the 2028 halving )
You'right but I'm just pointing out that we should call things as they are.
People who experienced a significant downside in crypto prices whilst sitting fully in stablecoins or fiat oftentimes experience the same kind of euphoria as people who held assets during a massive rally - expept that they don't look at how much USD they will say if they ''close the position'' but how much BTC or other digital asset they will have once they buy back.
In the first case we call it greed if they hold too long but why don't we do that in the latter? They are driven by exactly the same greed - ''I'll just wait for another 10% drop so I will buy back 1.1 BTC instead of 1 BTC!"
I go with you in this, greed is part of what makes some people waste their time and effort after making profits and yet not selling because they want to get more and more until the market turns the opposite and the are losing already beyond imagination.
If you want to be profitable in our holdings, we can make it a continuous process by selling when the market rises without being greedy to wait until we achieve a particular point, ten reinvest back into the market when it falls and then sell again when it rises and continue in so doing until you are more profitable with your investment strategy.
There is an interesting term in the financial markets sell when many people are euphoric and bell when everyone is afraid and that is what the smart people in the market world do, they are greedy just the opposite of the average person who imagines a higher price on an asset to increase profits which in the end always becomes a mistake and failure that does not even make them profitable.
Those who are greedy buy when the decline does not think more about looking for higher prices for their sales targets because they must be more profitable than anyone else, especially those who buy when the market is already bullish, they are usually the ones who look for the highest prices.
Now bitcoin is at a low level and the market emotion index is in fear.
QuantumVectorFull Member
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#11May 7, 2018, 02:32 AM
It is in human nature to experience fear and greed in the little things they do if it involves money. Hardly will you find someone who will go into something without at times being fearful or greedy over that.
As Bitcoin is, the uncertainty of the price reaching or decreasing at a certain price we have in mind has made many of us miss selling or buying Bitcoin at a good price. The funniest thing is that, it's a repeated mistake that many of us find ourselves doing during the bull run and bearish market.
yield_hawkSenior Member
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#12May 7, 2018, 07:50 AM
Yeah, that's true, so it's not about greed as what the OP is telling, still this is fear. Fear that you might not get back your capital because the price is going down. Or maybe those who doesn't buy when the market is in red are newbies.
So it might take sometime for investors to realized it and it could take them in the next bear market to really understand how the market operates. But in a sense, it's going to be cyclical and for me, it's better to go and processed everything first and have first hand experience before you buy during the bear market.
SwiftPixelFull Member
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#13May 7, 2018, 12:48 PM
I call it procrastination, which is being driven by greed; if they were just greedy alone, they would get to a point where their actual desire to own and earn from holding would surpass the greed, and they would have to make the decision of buying, but most of them hold from time to time, procrastinating and moving their target down each time its being met at the end of the day; they are left with nothing without really buying any bitcoin.
Many are just trying to be smart and all , waiting for the price to dip further in order to buy cheaper and maximize profits. Is not totally a bad approach but you know the market is not predictable anything can happen anytime . The price can change direction anything and you may endup not seeing the dip you are hoping for which will lead to miss of good buying opportunity because the right time to start buying is actually now .
You can call such behavioral acts of such people who do not stick to their plans of when to buy or when to sell whatever name you wants.
Perhaps they are being sentimental about the market movement of what action to take and you that is pre determining and gossiping about others decisions you don't find it to be an error?
Well... Considering that the Bitcoin and crypto market can be psychologically driven, let us just leave everyone to react according to the risks they can bear after all we are ought to treat our investment decisions according to our risk bearing.
It is also possible that you can be misled by your decision that is why you also needs to learn from others experiences.
Setting a pace to buy Bitcoin at a DIPPER rate can disrupt your plans because the market movement might probably not be positioned according to your will and then you should be missing out either because of Fear or Greeds
Greed is also one of the major sentiments that makes people to lose because the thing that the more they keep holding the better it becomes for them, but can't you think of it in this way that after holding when the market already reach $126,000 and you still afford not to sell until you experience a market for and it plummet down to $60,000 and all your earnings have already been taken and you will still have to take more time before you could realize profit with your investment, possibly the next season.
So people who don't sell after a massive rally cannot feel the "fear that they might not get their Bitcoin back" if the price keeps going up?
Fear and greed are interconnected feelings. "F" in "FOMO" stands for "Fear" and "FOMO" is the epitome of greed.
If the conviction is stronger than greed, there will be no fear.
Well the thing is, this type of greed doesn't carry potential loss but only missing opportunity. If it goes lower, great, if it doesn't go lower we simply move on.
Hard to say it's a wrong thing, everyone have their own strategy. I too set a buy order at certain price and if the price don't hit, that's okay. There is always tomorrow if you protect your capital in the first place.
WildRocketMember
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#19May 9, 2018, 02:50 AM
Keeping a stablecoin in our pocket can't define as greed actually.
I agree with this opinion, every person doing a cryptocurrency having their own strategy to maintaining it. That doesnt mean hodl the any currency we buy is a greed/fear, they might have their own strategy. How about if you think for someone who already buy a bit coin in amount of $25k during 2022/2023, they hodl it until now it until the price is doubled up, are you saying this as a greed? I dont think so.
Many people here understand that BTC is a long term investment, not an overnight return profit we can get, that is the easiest understanding we need to bare in our mind. So we wont see the strategy as a greediness or fear. Need to having more understanding before starting this economic game. World situation, market, diplomacy strategy, politics, is unpredictable, this is how we need to understand and being smart when we will sell our BTC. Not in a blink of eye we can get unexpected profit on BTC.
The solution to this is to be content with the little and be decisive. If you're about to buy or sell, make sure that you would do it at the most comfortable prices.
Because only very few gets to the peak and able to sell. And not everyone gets to the dip and buy to the lowest price.
Just being close to those dips and peaks are already okay and can make you already a winner. Having stable coins are normal and it's a sign of your plan that you only have to execute properly.
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