Topic: Most crypto millionaires forgot that they had crypto! - page 3. (Read 720 times)
I think they didn't forgot it, they are just hodling it till the price that they want is achieve, but some of them forgot it because they accidentally deleted their wallets and haven't back their keys
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.
Yes only way to become a millionaire with crypto is not to sell. Unless you were millionaire before of course. Other option is to have selling strategy. I like the A Sane and Simple bitcoin Savings plan https://bitcointalksearch.org/topic/sss-a-sane-and-simple-bitcoin-savings-plan-345065
If you have no plan and you tend to sell you will most likely miss all x100
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.
Long-term holding strategy means you need to have the patience and psychological stability to overcome the dipping stages. Of course, holding to success requires ambition and assertiveness. Regret is what we go through. that's a lesson for me.And I regret that I sold NEO for 10 dollars and could not buy then cheaper.
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.
can't disagree with that but I would suggest that you do keep in touch with crypto and see how your investment is doing. Even if you don't want to do short-term trade, you should still keep track of your investment as anything can happen to it.
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.
And I regret that I sold NEO for 10 dollars and could not buy then cheaper.
I agree with what you said all of them.
All millionares from crypto now holder since 2009 or 2010 there are also holder from 2014. They investing not speculating or day trading. They buy with their cold money or the money they can afgord to loose like if we want to buy property hold that property for very long term 8 years or at least 4 years. If you see the chart every second you probably will not be a millionare because you will sell it in lose.
This is important, if we want to obtain great profits we need to hold for a very long time I have held only for a short amount of time and yet I'm still in profit despite the crash in the market and I have no doubts that if I hold for five years or more the profits I will get out of my investment will be nothing short of amazing, it will be hard but I think I will be able to do it. All millionares from crypto now holder since 2009 or 2010 there are also holder from 2014. They investing not speculating or day trading. They buy with their cold money or the money they can afgord to loose like if we want to buy property hold that property for very long term 8 years or at least 4 years. If you see the chart every second you probably will not be a millionare because you will sell it in lose.
Here the truth is half. Hold is the best advice for investors. But there are intraday traders. With skilful trading, daytraders can do more than investors. But this is not given to everyone.
those people are very lucky to buy in way back 2009, they are rewarded with big amount of money for believing in such project. That is the principle of good investing, and luckily, our present gives us another opportunity to buy in cheaper price. Yes, you heard e right, it is good time to go shopping!
I am not surprised as I keep finding coins from airdrops I joined and forgot in my wallet. As far as I remember people that forgot they bought bitcoin in 2009 are also high class riches now living in luxury.
Riskier have more chance to lose millions of dollars but they are also the one who can rich just a day if got lucky. Millionaires can forget their crypto because they have huge money that manipulate their business to survive. While others who aren't rich alwayslook and check the prices and do some rush decision. Taking the risk can be good or it can be bad.
Yes true, for some reason's millionaires forgot other's account because of too many event to attend. Millionaire become's millionaire because they are risks taker actually. Investing in others platform to grow their money as this can be the good for the best profit that they can have. 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.
I've read his book, this is absolutely truth. Also I heard a plenty of stories about those who forgot about crypto and they are fucking rich, for instance 50 cent, he received some BTC for one of the contract and gained 8 mln $ once remembered about them. The most important thing is not to forget your private key, when you leave crypto for a years 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.
Riskier have more chance to lose millions of dollars but they are also the one who can rich just a day if got lucky. Millionaires can forget their crypto because they have huge money that manipulate their business to survive. While others who aren't rich alwayslook and check the prices and do some rush decision. Taking the risk can be good or it can be bad.
I believe that when cryptocurrencies began to appear, many did not even imagine what their prospects would be. Many people bought them very cheaply. After a time, all have changed greatly. Many cryptocurrencies have become very popular and expensive. And now for many people who bought crypto is expensive very sad to watch as they lose in price.
Since they bought it at expensive price, so better if they will give it another try by this time buying at their dips, long term investment should be in their mind, millionaires know such thing , unless they just inherit it. soon after this dips there will see the market recovering.After recovering has been started from the few weeks before. There are many people keep on investing multiple crypto currencies as I believe bro. Last night G20 meeting about the crypto currency also shows the positive output answer from them.
This indicated that bitcoin and alts will live for long years. When the talk about regulations also it has not been agreed any country. So safe value and better growth in future.
I agree with what you said all of them.
All millionares from crypto now holder since 2009 or 2010 there are also holder from 2014. They investing not speculating or day trading. They buy with their cold money or the money they can afgord to loose like if we want to buy property hold that property for very long term 8 years or at least 4 years. If you see the chart every second you probably will not be a millionare because you will sell it in lose.
All millionares from crypto now holder since 2009 or 2010 there are also holder from 2014. They investing not speculating or day trading. They buy with their cold money or the money they can afgord to loose like if we want to buy property hold that property for very long term 8 years or at least 4 years. If you see the chart every second you probably will not be a millionare because you will sell it in lose.
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.
Those are some great quotes and even more importantly those quotes are true, it is interesting that in the stock market or in any kind of market by the way the ones getting the bigger profits are not the ones that are working the hardest like the day traders but the ones that do not do too much and that prefer to sit on their investments and hold for a long time. 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 believe that when cryptocurrencies began to appear, many did not even imagine what their prospects would be. Many people bought them very cheaply. After a time, all have changed greatly. Many cryptocurrencies have become very popular and expensive. And now for many people who bought crypto is expensive very sad to watch as they lose in price.
really wise words ) and i think too, that sitting and waiting will bring much more money than trading. The main important point to make deep analyze before investment of anything and after that just wait . Now is the good times for buying right assets. Everything looks like a Christmas sale.
Yes that can be true, as many wallets with thousands of bitcoins are stagnant for years, that may be because of many reasons.
1) loss of private key or access to wallet.
2) Death of the owner.
3) misplacement of hardware wallet.
At the moment prices are tanking but definitely these stagnant wallets will result in even lesser supply of bitcoins.
1) loss of private key or access to wallet.
2) Death of the owner.
3) misplacement of hardware wallet.
At the moment prices are tanking but definitely these stagnant wallets will result in even lesser supply of bitcoins.
Builders of both bubble and crash are the same people and also those millionaires are always the same people. Whether you will be winner depends on who you are, not on the market.
There are very few points to note in crypto investments but the most important of them all is to hodl till nothing happens. And if nothing happens all you can witness it, the worst hasn't happened yet.
Jump to: