Topic: Most crypto millionaires forgot that they had crypto! - page 2. (Read 720 times)
On the flip side there are millions of bitcoins that people lost the keys to or the backup files. You can't really blame them, no one knew that bitcoin would reach any sort of value in the future.
This is my council to you, invest some amount which you can afford to loose completely and then just forget that you have crypto, don't care much about the current prices. Be a F* HODLER.
Most crypto millionaires were holders and they didn't even know that.
Don't try everyday to understand the market and neither try to take profit from every bounce - you'll probably give it back to the market another day.
I will leave some quotes from Jesse Livermore which I assume are great for this topic:
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”
“Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.
Most crypto millionaires were holders and they didn't even know that.
Don't try everyday to understand the market and neither try to take profit from every bounce - you'll probably give it back to the market another day.
I will leave some quotes from Jesse Livermore which I assume are great for this topic:
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”
“Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.
This is true but without luck it will be useless. There are lot of us who deeply hold lot of coins during the latest ultimate dips in which the results was totally disappointment and frustration that if we just sell it earlier we maybe cut the losses. In holding we need constant monitoring and reviewing the update to ensure the safety of our assets not just to forget then rely on luck that someday it will become unexpectedly expensive this is because every hard earned money is very important even that amount is affordable to lose.
To my mind you just made a wrong conclusion. I could say, "Well, who did always hold huge amounts of BTC? Big drugdeallers! So let's everyone become drugdealles!"
It was just an element of good fortune, there are no signs that this will happen once again in our lifes. Holding is not a way to earn now. We should be smarter, learn technical analysis and get a skill to analyse new projects and find a future BTC among numerous scams.
It was just an element of good fortune, there are no signs that this will happen once again in our lifes. Holding is not a way to earn now. We should be smarter, learn technical analysis and get a skill to analyse new projects and find a future BTC among numerous scams.
Good advice, especially if you have a lot of money and no time at all.
lol, I think a smart person (and most of the millionaires are smart people) caring about their investments and checking their stats periodically in order to understand what happening and foresee the possible market development.
correction. most of your self-made millionaires.
This is my council to you, invest some amount which you can afford to loose completely and then just forget that you have crypto, don't care much about the current prices. Be a F* HODLER.
Most crypto millionaires were holders and they didn't even know that.
Don't try everyday to understand the market and neither try to take profit from every bounce - you'll probably give it back to the market another day.
I will leave some quotes from Jesse Livermore which I assume are great for this topic:
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”
“Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.
Most crypto millionaires were holders and they didn't even know that.
Don't try everyday to understand the market and neither try to take profit from every bounce - you'll probably give it back to the market another day.
I will leave some quotes from Jesse Livermore which I assume are great for this topic:
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”
“Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.
I have to agree, If you have a good spread of coins in your portfolio today and just stopped doing anything with them for say 5 years. My guess would be at least one or two of those coins would have exploded in profits. The problem being is you could miss some bigger opportunities in that time.
Based on graph, it's worth for investor to keep hold btc as long as possible but the problem is when this day has come.
The day when everything is on red ,
The day when everything is blaming on bitcoin
The day when everything is pessimistic !
Of course it's called temptation , people who had overcome the temptation shall be reward.
So Keep HOLD your btc and you will be reward named PROFIT !
The day when everything is on red ,
The day when everything is blaming on bitcoin
The day when everything is pessimistic !
Of course it's called temptation , people who had overcome the temptation shall be reward.
So Keep HOLD your btc and you will be reward named PROFIT !
Exactly, you need to have that mental toughness not to be tempted although sometimes its good to offload some of your stack and take the profits during mooning. But for the long haul, its better to hold and just totally forgot about it and came back after a year or two to check how your things are going.
As for those who have totally forgotten but was able to get back and remember everything then its your lucky day. I for one can't remember where I put my private keys way back years ago. But I'm cool though, I was able to get over it but sometimes I think I should be crypto millionaires today. HeHeHeHe.
But just like most of us here, HODL, HODL and more HODL.
This is my council to you, invest some amount which you can afford to loose completely and then just forget that you have crypto, don't care much about the current prices. Be a F* HODLER.
Most crypto millionaires were holders and they didn't even know that.
Don't try everyday to understand the market and neither try to take profit from every bounce - you'll probably give it back to the market another day.
I will leave some quotes from Jesse Livermore which I assume are great for this topic:
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”
“Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.
Most crypto millionaires were holders and they didn't even know that.
Don't try everyday to understand the market and neither try to take profit from every bounce - you'll probably give it back to the market another day.
I will leave some quotes from Jesse Livermore which I assume are great for this topic:
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”
“Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.
totally agree with you. To get the maximum profit, you just need to be an investor rather than a trader. However it is important to pick up coins at cheap prices. The most important enemy on the market is yourself and your greed and illusion that you can earn more then long investor. I think, thant people who entered cryptomarket in 2015-17 years feels good even in this big market dump.
Everyone should just keep HODLing until BTC hits 100K.
The point to note here is being a hodler is what it takes to become rich through crypto. If you look at the historical prices than a person who would have hedl would had made better returns than say someone who was trading.
Based on graph, it's worth for investor to keep hold btc as long as possible but the problem is when this day has come.
The day when everything is on red ,
The day when everything is blaming on bitcoin
The day when everything is pessimistic !
Of course it's called temptation , people who had overcome the temptation shall be reward.
So Keep HOLD your btc and you will be reward named PROFIT !
The day when everything is on red ,
The day when everything is blaming on bitcoin
The day when everything is pessimistic !
Of course it's called temptation , people who had overcome the temptation shall be reward.
So Keep HOLD your btc and you will be reward named PROFIT !
Totally agree with the OP. Know a guy that a few months ago found over 150 btc had been sitting in his Dropbox account from back when he used to mine it to test computers at work several years ago. No way he would have kept it this long if he had known about it. Likely would have sold when btc was $70-100.
The problem right now is that for us its impossible to forget about our coins, since we know our coins can become very valuable so the best compromise and the best thing we can do is to artificially forget about our holdings that way you will be able to hold for longer that if you were looking at the price every single minute of the day. 
Sometimes I can also forget coins I buy like 6 months ago or something. Its very common thing in crypto. Also some artists create promotions for interest to show themselves using crypto (selling albums with bitcoin) but they look later on.
It's interesting how I can invest a small amount in the top coin, so that the quantity is also worthy. More and more I meet portfolios where coins are at the level of 1 dollar and in the first it is even more risk, and secondly it is not known what will happen to them at such next crash and how long it will take to get a good profit from them.
That's why it's good to hold for a long time, ask those who held xvg.... Sweet story
-Stanley Druckenmiller
Meaning: The main purpose of trader is to be able to return trading in tomorrow. It's useless to try to get a big profit if you do not know how to protect capital. When trading, take a profit as high as possible and minimize loss as low as possible.
Meaning: The main purpose of trader is to be able to return trading in tomorrow. It's useless to try to get a big profit if you do not know how to protect capital. When trading, take a profit as high as possible and minimize loss as low as possible.
This is my council to you, invest some amount which you can afford to loose completely and then just forget that you have crypto, don't care much about the current prices. Be a F* HODLER.
Most crypto millionaires were holders and they didn't even know that.
Don't try everyday to understand the market and neither try to take profit from every bounce - you'll probably give it back to the market another day.
I will leave some quotes from Jesse Livermore which I assume are great for this topic:
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”
“Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.
Most crypto millionaires were holders and they didn't even know that.
Don't try everyday to understand the market and neither try to take profit from every bounce - you'll probably give it back to the market another day.
I will leave some quotes from Jesse Livermore which I assume are great for this topic:
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”
“Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.
This is true but without luck it will be useless. There are lot of us who deeply hold lot of coins during the latest ultimate dips in which the results was totally disappointment and frustration that if we just sell it earlier we maybe cut the losses. In holding we need constant monitoring and reviewing the update to ensure the safety of our assets not just to forget then rely on luck that someday it will become unexpectedly expensive this is because every hard earned money is very important even that amount is affordable to lose.
Totally agree with the OP. Know a guy that a few months ago found over 150 btc had been sitting in his Dropbox account from back when he used to mine it to test computers at work several years ago. No way he would have kept it this long if he had known about it. Likely would have sold when btc was $70-100.
I also chose a long-term strategy. But still sometimes I sell altcoins, when they grow 3-5 times and then to buy them cheaper.
And I regret that I sold NEO for 10 dollars and could not buy then cheaper.
That is the risk that you took with your strategy, you are going to be able to grab a lot of fast profits when coins go up rapidly in price, but you're going to miss the big bull runs of many coins, as you exemplify with the example you gave to what happened to you when you sold your NEO for a cheap price, personally I prefer the opposite I prefer to hold for a very long time and wait for my coins to skyrocket. And I regret that I sold NEO for 10 dollars and could not buy then cheaper.
sometimes or probably most of the time its more profitable for crypto people to fall into a coma after buying coins instead of trading
But yeah....on the other hand trading makes fun. so why not see it as a hobby lol
But yeah....on the other hand trading makes fun. so why not see it as a hobby lol
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