Hodler or Trader - Story of how I became greedy

By TokenOnFire | holdthatcrypto | 29 Oct 2021


Before reading this article, please note that I am not a financial expert or advisor. This is only about my experience with cryptocurrencies.

I have started early this year around 4th April 2021 and in my mind, investment in crypto was just about buying as much as we can and hold it until it goes to a very high price. Indeed that is a very good thing - little risk but there is still a risk. We just buy the tokens, leave it into our wallet and forget it for a few months/years. Later we can see our investments double, tripled or even x10. I have been checking my wallet daily or to be honest almost every 10 minutes - to see if the price is going up or down.

To be fair, I did make some profit with Ethereum and BnB. But as many of you may have gone through it as well - man becomes greedy when they look at numbers. After a while, I had the feeling that the numbers were moving very slowly and that I could do something to make more. What I planned to do was selling the tokens when they reach close to the daily highest level and buy them back when they are 5 to 10 dollars lower. At first I was making around 5 to 10 dollars daily in terms of profit and I was very happy about it.

I do not know if it is called being greedy or willing to take risks to earn more. To be fair in this market, if you want to earn more, you have to take more risks. The only problem is that now when I receive $5 profit, I am just relieved that I did not lose money but I do not feel that happiness that I used to feel before. It might be just human nature where you just stop being happy from having something everyday and you will eventually want more.

Then very lately, I realized that I was still at the bottom of the hierarchy where I was talking about being happy with $5 and now I would be happy with at least $25. But there are people who are even at the top of this pyramid, where they would not be happy with $25 and they would want $100 profit at least. Nevertheless, there are even more people who would want to earn at least $1000 profit from their trade. In a nutshell, if you have this time of mindset, you will never be happy - not only in the investment of cryptocurrencies but also in life.

I have not been able to do it yet, but I will try to be happy with little of what I earn on the trading for now (well if I do not lose of course :D). I would really be happy if you could share your experience in the comments section.

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