The phenomenon of the crypto market is so novel and disruptive that there is not enough historical records to predict with certain degree of certainty what will happen to the price of any cryptocurrency in 5, 10 or more years. Therefore, we can not judge the decisions made by those who at one time decided to sell their holdings, because perhaps at the time it was a good decision to sell when they reached their profitability goals, even without knowing what would happen with bitcoin some years later.
indeed, there will be no cryptocurrency price movements in the future but I think we as cryptocurrency traders or cryptocurrency users can still analyze or predict price movements from the circulation of the total supply in circulation, when circulation is increasingly limited and demand is higher then it can provide a little insight into cryptocurrency prices in the future. 
Topic: Transferring of wealth from the impatient to the patient! (Read 1262 times)
I will like to say the plain truth about what I have think laid ahead of us as an investors, traders and speculators on cryptocurrencies market. Many of us that know about cryptocurrencies and bitcoin since 2010 and 2011 and did not see any reason to buy and hold till 2017 before selling will testify that impatient is the reason why they are not millionaire in the local currency.
in cryptocurrencies market we are witnessing transfer of wealth and this transfer is been done through creating a system that make some group of people selling their holding because of the fear of what the future hold. The wise one are buying and hold for 2 to 3 years before thinking to sell.
if you want to be a future millionaire and billionaire? then think on how important it is for you to keep holding and patient with the market and in 2 to 3 years to come if you will not be in money, this money always come from the impatient one.
Goodluck to you friend.
yes this is possibly the best idea to do and this type of cards were been decided by each and everyone because it will be more riskier and the chance giving opportunity was reduced due to this changes happening in your life but if you success it will be giving a huge income for your life.in cryptocurrencies market we are witnessing transfer of wealth and this transfer is been done through creating a system that make some group of people selling their holding because of the fear of what the future hold. The wise one are buying and hold for 2 to 3 years before thinking to sell.
if you want to be a future millionaire and billionaire? then think on how important it is for you to keep holding and patient with the market and in 2 to 3 years to come if you will not be in money, this money always come from the impatient one.
Goodluck to you friend.
I will like to say the plain truth about what I have think laid ahead of us as an investors, traders and speculators on cryptocurrencies market. Many of us that know about cryptocurrencies and bitcoin since 2010 and 2011 and did not see any reason to buy and hold till 2017 before selling will testify that impatient is the reason why they are not millionaire in the local currency.
in cryptocurrencies market we are witnessing transfer of wealth and this transfer is been done through creating a system that make some group of people selling their holding because of the fear of what the future hold. The wise one are buying and hold for 2 to 3 years before thinking to sell.
if you want to be a future millionaire and billionaire? then think on how important it is for you to keep holding and patient with the market and in 2 to 3 years to come if you will not be in money, this money always come from the impatient one.
Goodluck to you friend.
yes this is possibly the best idea to do and this type of cards were been decided by each and everyone because it will be more riskier and the chance giving opportunity was reduced due to this changes happening in your life but if you success it will be giving a huge income for your life.in cryptocurrencies market we are witnessing transfer of wealth and this transfer is been done through creating a system that make some group of people selling their holding because of the fear of what the future hold. The wise one are buying and hold for 2 to 3 years before thinking to sell.
if you want to be a future millionaire and billionaire? then think on how important it is for you to keep holding and patient with the market and in 2 to 3 years to come if you will not be in money, this money always come from the impatient one.
Goodluck to you friend.
I will like to say the plain truth about what I have think laid ahead of us as an investors, traders and speculators on cryptocurrencies market. Many of us that know about cryptocurrencies and bitcoin since 2010 and 2011 and did not see any reason to buy and hold till 2017 before selling will testify that impatient is the reason why they are not millionaire in the local currency.
in cryptocurrencies market we are witnessing transfer of wealth and this transfer is been done through creating a system that make some group of people selling their holding because of the fear of what the future hold. The wise one are buying and hold for 2 to 3 years before thinking to sell.
if you want to be a future millionaire and billionaire? then think on how important it is for you to keep holding and patient with the market and in 2 to 3 years to come if you will not be in money, this money always come from the impatient one.
Goodluck to you friend.
yes this is possibly the best idea to do and this type of cards were been decided by each and everyone because it will be more riskier and the chance giving opportunity was reduced due to this changes happening in your life but if you success it will be giving a huge income for your life.in cryptocurrencies market we are witnessing transfer of wealth and this transfer is been done through creating a system that make some group of people selling their holding because of the fear of what the future hold. The wise one are buying and hold for 2 to 3 years before thinking to sell.
if you want to be a future millionaire and billionaire? then think on how important it is for you to keep holding and patient with the market and in 2 to 3 years to come if you will not be in money, this money always come from the impatient one.
Goodluck to you friend.
The phenomenon of the crypto market is so novel and disruptive that there is not enough historical records to predict with certain degree of certainty what will happen to the price of any cryptocurrency in 5, 10 or more years. Therefore, we can not judge the decisions made by those who at one time decided to sell their holdings, because perhaps at the time it was a good decision to sell when they reached their profitability goals, even without knowing what would happen with bitcoin some years later.
I will like to say the plain truth about what I have think laid ahead of us as an investors, traders and speculators on cryptocurrencies market. Many of us that know about cryptocurrencies and bitcoin since 2010 and 2011 and did not see any reason to buy and hold till 2017 before selling will testify that impatient is the reason why they are not millionaire in the local currency.
in cryptocurrencies market we are witnessing transfer of wealth and this transfer is been done through creating a system that make some group of people selling their holding because of the fear of what the future hold. The wise one are buying and hold for 2 to 3 years before thinking to sell.
if you want to be a future millionaire and billionaire? then think on how important it is for you to keep holding and patient with the market and in 2 to 3 years to come if you will not be in money, this money always come from the impatient one.
Goodluck to you friend.
yes this is possibly the best idea to do and this type of cards were been decided by each and everyone because it will be more riskier and the chance giving opportunity was reduced due to this changes happening in your life but if you success it will be giving a huge income for your life. in cryptocurrencies market we are witnessing transfer of wealth and this transfer is been done through creating a system that make some group of people selling their holding because of the fear of what the future hold. The wise one are buying and hold for 2 to 3 years before thinking to sell.
if you want to be a future millionaire and billionaire? then think on how important it is for you to keep holding and patient with the market and in 2 to 3 years to come if you will not be in money, this money always come from the impatient one.
Goodluck to you friend.
I think that statement about imaptience and patience is so much true, mostly I find that true on my own skin when I enter in position without enough patient especially in daily trading, for example if I wait just 5 minutes more on confirmation of support, I wouldn't be in negative %. Beside daily trading I have long term holdings, with them I have more patience and I can wait for years for great outcome.
In day trading anything may change in the seconds so we need to be strong enough for facing the consequences and it will be easier when we are not day trading with all our crypto investments just like you. 
Even if you have enough patience, Sometimes it depends on a holders situation like for an instance a small time investor bought an xxx token in ico price and after 1 year of hodling in his wallet bear market comes and the value of his xxx token fall into -80% and at the same time an emergency situation occurred and this investor needs a huge money, what will this investor going to do?still hodl or sell? of course no choice but to sell.
Okay, so after he sells the portion of the investment to settle his problem, what will he fall back to after solving it? He is still left with zero and to start all over again, you see in this life, we have to be self-disciplined and stop giving excuses for some decisions we make that would have been easily sorted out using another means. Instead of selling the investment off, why do we have crypto loan in the market? And secondly when we are investing, we should not invest cash that we use to solve our daily problem, if I have $1000 as income, and I decide to invest $20, will 20 dollars kill me, what problem will $20 solve for me in future, but that $20 is what can make one become very rich in life in crypto market, most bitcoin investors when it started invested with money even lower than $20, and what would they be saying now if they had sold that tiny investment then?
if you want to be a future millionaire and billionaire? then think on how important it is for you to keep holding and patient with the market and in 2 to 3 years to come if you will not be in money, this money always come from the impatient one.
I may not agree with you on the number of years one has to be patient with the market but I do certainly agree that Patience is a virtue in this crypto industry. Besides, isn't patience a general virtue of life in whatever venture we engage? Those who panicked and sold off in 2018 may likely regret the patience they didn't have then once the market soars to a fresh ATH. 
I think that statement about imaptience and patience is so much true, mostly I find that true on my own skin when I enter in position without enough patient especially in daily trading, for example if I wait just 5 minutes more on confirmation of support, I wouldn't be in negative %. Beside daily trading I have long term holdings, with them I have more patience and I can wait for years for great outcome.
Was reading an article written by an economist who actually said the same thing
*The market transfers the wealth from the impatient to the patient*
Seemed appropriate but what if , the market is crashing then the only person who will be able to survive this will be the impatient one , what I think is there is no reason to say this in cryptocurrency world because there are more than 100 cryptocurrencies here right now and the instability of them to maintain the market value optimum has caused a lot of problems , some are dying and we all know that thus instead of being patient we should be intellectually patient' , if market is dropping more than 50% of the value then I think it's more than justified to cash out.
*The market transfers the wealth from the impatient to the patient*
Seemed appropriate but what if , the market is crashing then the only person who will be able to survive this will be the impatient one , what I think is there is no reason to say this in cryptocurrency world because there are more than 100 cryptocurrencies here right now and the instability of them to maintain the market value optimum has caused a lot of problems , some are dying and we all know that thus instead of being patient we should be intellectually patient' , if market is dropping more than 50% of the value then I think it's more than justified to cash out.
indeed the cryptocurrency price movement is difficult to predict so that the best trading method does long-term trading, we can take the case from the first creation of bitcoin, the price of bitcoin is only less than $ 50 and even at the end of 2017 the price of bitcoin can reach $ 20k imagine how much profit you get when you buy bitcoin at a price of $ 50.
Long term holdings may lead to losses sometimes but I think that our point is valid.
Until now you have proven right because bitcoin has a price increase from the time it has been created.
The fact that in which milestone every trader has entered the market is what can cause losses.
Until now you have proven right because bitcoin has a price increase from the time it has been created.
The fact that in which milestone every trader has entered the market is what can cause losses.
Patience is a key factor in making good profit from crypto. We have seen many situation where a coin price was low at the initial time and later it increased in price and only the patient ones made good profit from it. If you want to make good money from crypto then you need alot of patience
it is true that patience can be an important key to becoming a rich person, but when you trade it is very difficult to be able to control patience so many people are currently losing money because they cannot control their patience.Judging with history, we have seen how things has always been in favor of Bitcoin overtime no matter how bad the situation may be, so our investment now would not be the first and would not be the last, whatever we are seeing now has been seen before and has been forgotten.
Very true, patient is needed to make a good fortune from the bitcoin market. While it's important the coin wants to hold for as long as 2-3years. Some persons are in the habit of buying bullish coins without checking the potential of the token. This has led some people into big debt. It's always safer holding bitcoin or well known good altcoins.
The reason why we are having majority of these mistake is because we still have people that are new to the system and would not ask questions from the existing people on how the market is being operated. They come to the market, pick some coins at random without the knowledge of it and then invest, thinking it will increase by magic, I am actually not blaming them because I am also talking from experience, I fell into this too before I started learning a lot through this forum.Once everyone knows about the operation of BTC after full adoption, they will stop being victim of whales and would not just see any bullish coin and invest in
Even if you have enough patience, Sometimes it depends on a holders situation like for an instance a small time investor bought an xxx token in ico price and after 1 year of hodling in his wallet bear market comes and the value of his xxx token fall into -80% and at the same time an emergency situation occurred and this investor needs a huge money, what will this investor going to do?still hodl or sell? of course no choice but to sell.
Almost every experienced crypto investor would testify about the essence of having patience if you are looking at earning from cryptocurrency investements. The crypto market is very volatile and you need to be patient to wait for them to rise in order to make profit. Too bad some folks don't have such patience to wait for their portfolio to grow.
even more people experience panic when prices fall. I think many of them don't know much about crypto and just want to make money quickly. but this actually backfires that can spend their money even a negative image appears to crypto
Almost every experienced crypto investor would testify about the essence of having patience if you are looking at earning from cryptocurrency investements. The crypto market is very volatile and you need to be patient to wait for them to rise in order to make profit. Too bad some folks don't have such patience to wait for their portfolio to grow.
even more people experience panic when prices fall. I think many of them don't know much about crypto and just want to make money quickly. but this actually backfires that can spend their money even a negative image appears to crypto Almost every experienced crypto investor would testify about the essence of having patience if you are looking at earning from cryptocurrency investements. The crypto market is very volatile and you need to be patient to wait for them to rise in order to make profit. Too bad some folks don't have such patience to wait for their portfolio to grow.
Well said, this applies to all investments/free markets. Just look at the scenario of someone selling low volume coins with a wide spread. Being patient and selling at top of spread can yield much more than being impatient and selling at market/bid immediately.
Almost every experienced crypto investor would testify about the essence of having patience if you are looking at earning from cryptocurrency investements. The crypto market is very volatile and you need to be patient to wait for them to rise in order to make profit. Too bad some folks don't have such patience to wait for their portfolio to grow.
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