I don't think i say something new here but i also think that i should keep mentioning it just in case somebody will read it and change his/her mindset. I will relate this with crypto and i won't talk generically about greed!
Firstly, i will begin by saying my personal story of how i got greedy with some of my cryptos and later on i will tell you some stories of my friends that happened during these months and led me to write this post.
So there was one time i had a tiny fraction of btc. Because i got greedy and saw btc pumping a bit i decided to sell it. It wasn't because i needed the money or something, i simply cashed out in order to go on vacations. Thus, i cashed out around 400 euro of btc and poor me that 400 euro are now worth around 3000$.
I don't know about you but i called that greed. I got greedy because that time btc was dumping a lot and when i saw one "glimpse of home" in my eyes i cashed out thinking i have some nice profits!
The same happened once again with my ADA a couple of months ago. I bought ADA at 35 cents i think, i bought around 300 of them which were worth around 105$. I sold all of them at 1.5$ and made 345$ in profits. The greedy thing is that i sold purely for profits even though i strongly believed in the project and thus i "lost" around 400$ more.
Now let's start talking about my friends and how they got greedy. You know the old story, they asked me about cryptos even though they made fun of them a couple of years ago. They invested in everything i recommended and i also made a long conversation with them about greed.
I talked over an hour about that phenomenon and i also stated many greedy true stories either mine or by other members of our Hive community. They seemed to understand but little did i know, greed won over my words.
Literally, all of them sold everything at about 10%-30% profit. It's great that they had profits but if they waited a bit more (1-2 weeks) as i told them they would have profits of 50%-150%!
Now the most up-to-date greed story i have is from a guy in the army a couple of weeks ago. He said he likes crypto and stuff and asked me what should he invest. I told him to buy AVA and wait a bit cause in my eyes it was certain that AVA's price will pump.
He bought it for 1.77$. I also told him to simply keep it and don't sell until i said so, that was the agreement we had in order to tell him what to buy. 1-2 weeks later AVA's price reached 3.28$ and i was so happy for him because he almost doubled his money.
When i saw him the next day i told him "how does it feel that you doubled your money?" and he replied, " it would have been awesome if i hadn't sold everything". Somehow i felt betrayed and frustrated. Apparently, he sold at 2$ and in my eyes that means that he was both greedy and not trusting me...
That day i said to myself to never let greed overcome me and to never recommend any crypto to anyone other than here when writing my posts. one thing i hate is for people not listening to me when i am talking seriously.
What Do You Think? Do you have any similar stories to share?
My Latest Post
My small token investment Portfolio on Hive ecosystem
WAX is gonna get listed on Binance
How much we get paid for our Mandatory Army service?
or simply click on one of my profiles!
Filotasriza3 (LeoProfile)
Filotasriza3 (HiveProfile)
Filotasriza3 (SteemitProfile)
