Transferring of wealth from the impatient to the patient! - page 3.

davinchi

legendary

Activity: 2100

Merit: 1058

Quote from: munareal on April 30, 2019, 10:37:29 AM

I have come to learn that the crypto currency marketplace is all about being patient. The crypto currency market place is highly volatile and the value could drop drastically at any time. The impatient will sell to cut their loss while the patient will buy and HOLD . They wait for a good time to sell at a very good profit

This is the only channel the whales pass through to make their money; they already study the weak point of investors and usually use it to collect what they have to enrich themselves. Most people that have panic sold into the hands of these whales has been as a result of impatient, while the whales becomes patient for the market to full grow before they catch out.

If we don’t want to continue to transfer our crypto wealth into the hands of the already rich ones, all we need to work on is patient, because patient will not just come except we work on it and be firm in our decision making too.

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: arpon11 on October 16, 2018, 12:44:39 PM

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.

Results speak for themselves, I mean bitcoin has shown potentials of earning large amounts of income given that you know what you are doing. Most people that I know invested in bitcoin got their influence heavily from media, which portrayed bitcoin as a guaranteed investment. If you invest without knowing the background, technical analysis, and research, you may end up like 40-50% of the people who lost most of their investment last 2018.

Quote from: SCheek on November 29, 2018, 11:02:20 AM

Hodling will always bring out the best results in a market so volatile and prone to manipulation. Principles to reminder: Our tech is revolutionary and there's nothing out there that can compete with us.

I do not fully agree since it all depends on the situation and your investment plan for the term/quarter. If you focus on day trading, you can sell your coins regardless of the small profit margin.

munareal

full member

Activity: 644

Merit: 102

I have come to learn that the crypto currency marketplace is all about being patient. The crypto currency market place is highly volatile and the value could drop drastically at any time. The impatient will sell to cut their loss while the patient will buy and HOLD . They wait for a good time to sell at a very good profit

maxreish

sr. member

Activity: 1330

Merit: 326

Let me add that even if you patiently hold for your coins to go pump, if that coins weren't have potentials, it makes no sense and it will not make you a millionare. The big thing here is to patiently hold some trusted, potentially and established coins like bitcoin and ethereum which was being tested for being a long term investments.

Also, integrating some strategies or making great steps aside from holding will even make you rich unlike doing nothing and waiting for the impossible to happen is like waiting the star to fall.

ricardobs

hero member

Activity: 1204

Merit: 505

It has nothing much to do with patience and impatience. Sometimes having that patience can cause you a lot of harm than you can get from being impatient. So let’s take those that jumped in at the price rate of $19,000 and price started to fall and they still decided to have patience, do you know how much they have lost by now ?

Sometimes you can even invest and there all of sudden, there has a bull run and you will make a huge profit from it.

Bijikopi

member

Activity: 232

Merit: 11

Quote from: dothebeats on October 16, 2018, 02:43:18 PM

I digress. There are cases in which holding for too long causes an investment to lose its value, and even if bitcoin and crypto has repeatedly rise over several occasions and broke their previous records, how sure are we that the next time around we will be reaping the same amount just like what we had back then? Not that I'm against hodlers, but we can never be sure of crypto and bitcoin holding their value for too long. Diversifying one's investment is still king for financial literacy, as you always have a fail-safe when things get rough. Hodling long-term is okay, but putting all your money in it is not.

investment in a long time has two possibilities, namely to get a profit and the second can get a loss, but in terms of bitcoin investment if we are a long-term investment, the biggest possibility is a big profit in the future. buying and selling, this can trigger the use of currencies that are very global and cannot be pressured by any country, and bitcoin is very likely to become the future currency.

gowobonyok

jr. member

Activity: 490

Merit: 2

I believe in what I do now that it will develop in the next 2-3 years. I don't want to regret anymore by doing panic sell or out of bounty campaign. I will continue to be patient waiting for him. Kiss

Chikitita2004

full member

Activity: 560

Merit: 121

I think it depends on what you are holding. If we say it only refers to bitcoin then maybe you are right since bitcoin is proven already since the time it started till the present but not all cryptocurrencies have the same characteristics as that of bitcoin. Many are just like mushrooms or I say a shooting star. Some may have a good price for a short period of time and then no more so holding for a long time doesn't really apply to all cryptocurrencies.

gabmen

hero member

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Quote from: mirawantirinjana on March 12, 2019, 03:08:16 AM

Quote from: davis196 on October 18, 2018, 06:50:36 AM

Usually the wealth is transferred from poor and uneducated to the rich and educated.

that's the way it is now, trading cryptocurrencies like Bitcoin only work by transferring the wealth of beginner traders who don't have enough knowledge in trading cryptocurrencies so they are stuck at a loss.
and the lucky ones are those who already have experience and rely on strategies in their trade.

Well that's basically how a market like this works. Weak hands bring good money to those waiting for them to break. And most of the time they break. Though for me it takes more than patience to survive what happens here. Though being impatient takes you closer to getting your money drained quickly.

aad140386

member

Activity: 420

Merit: 20

simply getting the job done

I fully agree with the author of the post. More than once I came across a similar situation when I was selling an asset early, thinking that the more likely he would not grow. I acted as a speculator and not as an investor. After 4 years on the stock market, I realized that in the long run you can only make money as an investor. I’m not saying that the speculators are all going bankrupt and cannot earn on the stock exchange. Just the percentage of speculators' earnings in a long period of time is much less than the earnings of a long-term investor. And I personally decided to trade for a period of 3-5 years. I also consider cryptocurrencies as a long-term investment, as I see potential in them.

mirawantirinjana

full member

Activity: 700

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Quote from: davis196 on October 18, 2018, 06:50:36 AM

Usually the wealth is transferred from poor and uneducated to the rich and educated.

that's the way it is now, trading cryptocurrencies like Bitcoin only work by transferring the wealth of beginner traders who don't have enough knowledge in trading cryptocurrencies so they are stuck at a loss.
and the lucky ones are those who already have experience and rely on strategies in their trade.

awik p

full member

Activity: 1526

Merit: 111

Pepemo.vip

Quote from: mornabo on March 11, 2019, 10:21:34 PM

Quote from: bangkit tri on November 28, 2018, 01:19:26 AM

Quote from: supermine on November 27, 2018, 11:13:46 PM

Quote from: walemil on November 22, 2018, 12:11:09 PM

You have said it exactly the way it is. Some people have to sell for some people to buy. We have witnessed a serious downtrend this year. Only within a few days, bitcoin dropped buy about $2000. For some people, it the end of the road while it means the opportunity to make good gains in future for some people.

Just depends on the people who how much they can afford to lose in this bear trend,when someone can lose completely all their capital still there will be no problem them then they are the people who are going to make more profits than anyone else.

at this time psychology is very decisive, for those who are pessimistic about bitcoin, of course they will go out of the market and suffer losses, but for experienced traders, of course they will increase the amount of their assets because it is an opportunity

do you think how many investors are still holding their bitcoin since the first time the bearish happened? is it possible that all investors are impatient because prices have fallen very deeply since last year.
in fact many traders or investors are not ready to experience large losses, prices collapse instantly due to panic selling. now investors are only filled by most impatient people #IMO

right, in general they are not ready to experience more losses, so many panic and sell it. but I think this year there has been price resistance, hopefully their trust will recover soon and what we hope will come soon

maydna

hero member

Activity: 2912

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So many people don't have the patience to wait for a long time. They are following investing in crypto, and they think after they buy, they don't have to search or learn more about crypto. And that is wrong.

The cryptocurrency is moving, will always moving, from time to time, never stop unless the project has a delay or abandon. But it will still move, and that is why we need to be patient for a while.

And when some news comes out to them, they become massively buy or sell because of the news. But they never think about the future. The cryptocurrency has a long journey, and we don't have to become panic if there is bad news comes out.

For people who can be patient, he will make a lot of money in the 2 or 3 years later but still, it's hard always to be patient because we don't know what will happen later. As long as we can be aware of the cryptocurrency market, then I think we should be fine.

mornabo

hero member

Activity: 1148

Merit: 504

Quote from: bangkit tri on November 28, 2018, 01:19:26 AM

Quote from: supermine on November 27, 2018, 11:13:46 PM

Quote from: walemil on November 22, 2018, 12:11:09 PM

You have said it exactly the way it is. Some people have to sell for some people to buy. We have witnessed a serious downtrend this year. Only within a few days, bitcoin dropped buy about $2000. For some people, it the end of the road while it means the opportunity to make good gains in future for some people.

Just depends on the people who how much they can afford to lose in this bear trend,when someone can lose completely all their capital still there will be no problem them then they are the people who are going to make more profits than anyone else.

at this time psychology is very decisive, for those who are pessimistic about bitcoin, of course they will go out of the market and suffer losses, but for experienced traders, of course they will increase the amount of their assets because it is an opportunity

do you think how many investors are still holding their bitcoin since the first time the bearish happened? is it possible that all investors are impatient because prices have fallen very deeply since last year.
in fact many traders or investors are not ready to experience large losses, prices collapse instantly due to panic selling. now investors are only filled by most impatient people #IMO

cahbagus555

member

Activity: 756

Merit: 12

Quote from: maxreish on March 11, 2019, 07:07:15 PM

I would like to emphasize that long term investments are really beneficial. Frankly, I do regret not knowing bitcoin from 2010. I just knew it just before the price was already at the peak. Anyway, holding our crypto coins for so long will give us a fruitful earnings if we are really that serious and patiently waiting for the right time.

Long term investment will be profitable. Crypto market still at early stage and i think in near future, crypto market value will growing more bigger. Patient is the key making big profits in crypto

maxreish

sr. member

Activity: 1330

Merit: 326

I would like to emphasize that long term investments are really beneficial. Frankly, I do regret not knowing bitcoin from 2010. I just knew it just before the price was already at the peak. Anyway, holding our crypto coins for so long will give us a fruitful earnings if we are really that serious and patiently waiting for the right time.

UmerIdrees

hero member

Activity: 2436

Merit: 877

The statement by OP is really fitted in the digital currency world and also in the current scenario. Bitcoin and other crypto currencies are at a downfall and many people would have been disappointed by this and show impatience.
If you are patience, only then you can survive in this crypto era.

futile-resistance

hero member

Activity: 840

Merit: 516

Quote from: arpon11 on October 16, 2018, 12:44:39 PM

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.

It’s good to have patience, but having patience and not putting hard work might just end up being a waste of time. So you don’t just buy and keep and relax thinking that you will make millions of overnight because you’re patient. Yes, sometimes it do work, but not all the time. And by the way, when you have patience and put in hard work you will make more than what you would have made while folding your hands and waiting.

cizatext

member

Activity: 952

Merit: 41

Hodling crypto and buying during bearish market is good but let not forget that crypto is not to be hold forever and there are times when one need to sell in other to either cash out the profits or cut losses. Bitcoin is a currency and at that it design to be use on a daily basis and not only to be seen as an investment which you need to stock in large quantity and long term, and also bitcoin as a store of value holding alone does not increase it value but what increase it value is adaptation.

SCheek

copper member

Activity: 70

Merit: 2

Quote from: arpon11 on October 16, 2018, 12:44:39 PM

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.

Hodling will always bring out the best results in a market so volatile and prone to manipulation. Principles to reminder: Our tech is revolutionary and there's nothing out there that can compete with us.

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