Topic: Transferring of wealth from the impatient to the patient! - page 7. (Read 1269 times)
To earn real wealth you must be patient in order to partake of the bullish season, do not be in a hurry to cash out, the future belong to investors that can afford to wait and for some few month or year in order to earn real waelth, else you keep empowering others because of fear.
this is due to the fact that those who have no money, ready to sell what they have, in order to meet their current needs
To be honest its really a personal investment and with the time things do change in the crypto currency but not everyone is grasping the benefits of it at all. I have few observations though in which most of the people when enter into the crypto market then they makes xyz investment and then are always scared about it at the first time. They will act crazy about it even when there is little % change in the crypto to down side. With the time they also learn that these are just part of normal ups and downs that takes place. The crypto is more or less cyclic in its behaviour and it keeps going up and down all the time. Nonetheless, it does give profit to each and every person if they are consistent with their investment.
I agree that you need huge patience with crypto, crypto just start to grow so we can't expect something big could happen in instance, the growth also not that stable uet, but I do see a lot of potential and easiness that crypto could provide if its being mass adopted, and now we are in the process of fighting with regulation, if we can cope or win with the regulation then we can see huge rising of crypto value
patience must be added with a good analysis. so that what we wait for is not in vain later. this may apply to new coins. of course you have to be able to analyze it, so we get a low price and the pump will happen 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.
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.
There are also holdings that lead to a loss if done for a long time. What I am trying to say is that, you should consider the market and the volume of a coin before deciding on holding it for years.
A lot of people really want to tap from the market in the short term, but they simply do not even have a clue of how to go about it and this is the reason why sometimes, they miss out on the show, panic for some reasons and then make horrible mistakes.
It is a market, and there would always be the weak hands who really have no single idea or clue of what they are doing, and everything they are just after is quick gains. As long as you do not even understand the space you are getting into, that is a big problem on its own.
I agree that you need huge patience with crypto, crypto just start to grow so we can't expect something big could happen in instance, the growth also not that stable uet, but I do see a lot of potential and easiness that crypto could provide if its being mass adopted, and now we are in the process of fighting with regulation, if we can cope or win with the regulation then we can see huge rising of crypto value
The truth behind why people do not dare to hold their bitcoin and have no impatient is because in the bottom of their heart they were not believe bitcoin future although most people suggest to hold bitcoin for long term because we will see the benefit from that but in the fact only several people dare to do so and the rest of them is only talk without act but as usual remorse always be comes last that why they do not buy bitcoin when the price still low such as few years ago
The crash that has been occurred in 2018 has made bitcoin and altcoin had a negative image from several new investors. They will give a judge the cryptocurrency as improper as a place for investment, lots of manipulation and prices based on speculation will make them at least reluctant to turn back, that was something felt by some of my friends who have fallen victim by cryptocurrency because of their ignorance.
I always made them aware of being cautious in making a decision, the price of cryptocurrency based on supply and demand, which is the supply and demand were caused by several complex problems, but they ignored it.
The crash that has occurred provide a great understanding of everyone who is still in and investing, they must be aware that investment cannot be used as an instant place to get wealth. And I agree that last year cryptocurrency was a bubble that just exploded and left some opinions.
I always made them aware of being cautious in making a decision, the price of cryptocurrency based on supply and demand, which is the supply and demand were caused by several complex problems, but they ignored it.
The crash that has occurred provide a great understanding of everyone who is still in and investing, they must be aware that investment cannot be used as an instant place to get wealth. And I agree that last year cryptocurrency was a bubble that just exploded and left some opinions.
The impatient sell bitcoin when price fall, the patient don't. It means that the patient are transferring the wealth to patient .However, if you hold too long , it also have much risk . YOU need to be calm to decide when to hold and sell
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.
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 did told those that I introduced into cryptocurrency not to really get themselves worked up over not making some cash yet. I explained to them that the iCOs are mostly future projects which are coming into full play later. By the time this happens, the real worth of their tokens would be massive.
It’s not always about being patient, sometimes you just need to have foresight to know whether the value of the crypto is going to go higher and lower and from that you should make your move.
How exactly can you obtain the foresight about the price to go higher or lower? Isn't what you refer to simply an educated guess? It definitely looks like it. Even in this case you're either right or wrong. In other words, a 50/50 chance.There have been instance of people who went for a long investment and still lost money.
It depends on how long you plan to park your funds in Bitcoin. If you go for the long term (at least 2-3 years) it's impossible to lose if you can avoid buying into a bull run like the one we went through last year.If you're only out to ride the market for a couple of months, there is obviously nothing that will guide you to the profits you hope to book. Most people lose because of how short term minded they are.
People are so obsessed with short term profits that it really works against them. I have never seen people demand quick profits from their stock investments. Maybe a sign that they are wiser than the crypto freaks here? I think so.
Holding your coin for a good period of time is important but holding a good coin is more important. But a wish and smart investor will think of selling to rebuy back at a cheaper rate whenever the opportunity present itself.
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.
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.
There are also holdings that lead to a loss if done for a long time. What I am trying to say is that, you should consider the market and the volume of a coin before deciding on holding it for years.
There is a big but when it comes to holding like what if you are holding a shitcoin? Nonsense right? Even you hold it 3-5 years there's no chances you to win. I would suggest be a wise person and ofcourse be a risk taker. You couldn't win without trying.
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?
Yep, it's easy to look back at 2010/2011 and see that if you bought bitcoin then and held it you'd be rich today. Same thing with a lot of stocks. If you'd bought Amazon stock a few years back you'd have made a lot of money if you sold it right now. The problem is always that no one can see the future, and there's absolutely no guarantee that anything you invest in right now (and that includes bitcoin and all things crypto) is going to gain in value in the long run.There are people who invested in gold and silver in 2011 right when both were at what I think were their all-time highs, and if they held onto what they bought they still would lose money if they sold in 2018. And what about those who bought bitcoin when it was $10k-$20k? They're still in the red, and bitcoin could just as easily fall below the price it's at now than shoot back up to those levels.
"HODL" has become some sort of mantra around here, and I've always considered it kind of silly. Whether you make a profit or not in crypto all depends on what price you bought in at, and I've seen people hold their coins for so long that they missed out on making money. It's fine to take a long-term view of your investment, but you also should have a plan as to when you're going to sell.
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.
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.
There are also holdings that lead to a loss if done for a long time. What I am trying to say is that, you should consider the market and the volume of a coin before deciding on holding it for years.
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.
And that is why multi-million business men are still millionaire in the end of the year as they are diversifying their options to gain profits and not just relying on one investment or company which is quite the opposite of people who are job based oriented which will only have one or few ways that they can earn. And what you said is true that putting all your money into hodling is not good as you can potentially lose more than gain something.
Well, of course patient plays big role in holding bitcoin. but, holding for 2 or 3 years is too much I guess. you can't lean on today's price since crypto is risky if you take it that way. there's always ups-downs situation where the price is unstable and unpredictable. it can fall down so deep, yet it can soar so high in another time. when it happens, you'll miss opportunity and of course you'll be far from wealthy. So, I think you need to be brave and encourage to take the risks, not playing around with keeping or holding your bitcoin for such a long period of time.
When you are planting a tree, it takes time to grow and bloom. That also applies to investment where time is the top thing to consider or to keep in mind. I am also a long time holder before but i decided to change my tactic to earn from HODL. I am willing to wait until the right time comes but to give more excitement to it, i started trading those altcoins and multiply their number. I just set a number to those altcoins i like to HODL and continue trading. Here are my plans actually
1 × Bitcoin
10 x Ethereum
10 x DASH
10 x Litecoin
200 x NEO
50,000 x IOTA
50,000 x Cardano
50,000 x TRON
50,000 x Ripple
1 × Bitcoin
10 x Ethereum
10 x DASH
10 x Litecoin
200 x NEO
50,000 x IOTA
50,000 x Cardano
50,000 x TRON
50,000 x Ripple
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.
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.
Truly it is very sensible that being patient gives you a lot of time to think for the right choices and would make you a lot of profit in the long run.
Jump to: