It's better for any business owner (both online and offline) to be impatient,to work hard and implement innovations fast.However patience can be a virtue in long term investing.
There's a belief,amongst the majority of the btc users,that bitcoin will go to the moon for sure.What if that never happens?Usually the wealth is transferred from poor and uneducated to the rich and educated.
Topic: Transferring of wealth from the impatient to the patient! - page 8. (Read 1269 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.
The rich do not become rich in just one way. There are multiple ways of becoming rich, simplest probably being inheriting richness. There are people like you said that waits out the bear markets and constantly keep buying from low amounts (still being careful about the risks of it as well) and wait out 2-3 years and they know something like bitcoin would definitely yield more profit in the long term than keep swinging on each trend price. 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.
However there are also day traders that trade via looking at the indicators and buying or selling according to those and still make a lot of money from this, not just on crypto world but generally on forex as well. This all comes down to one thing, if you want to get rich you have to take risks but you also have to be smart about your bankroll and not go all in at once.
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.
The reason why people didn't buy bitcoin early because we really don't know what this technology can bring to us in the future specially in financial wise. Why would someone bought it a crypto-currency that is not tangible as compare to fiat? However, in the last 3 years specially when the price peak last year, it took the world by storm and everyone took notice.
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.
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.
That's separate smart investors from pure speculators. Smart investors is always looking for the long term impact of their investments while speculators will take any profit that fit their need. Its up to us where we wanted to be, If you choose the former then you really need to have a lot of tolerance and mental toughness.
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'm very agree for holding for so several years because we witness already during the time from the start until now we know what happen from the lower price to the top price in 2018 although there is a big changes until since December 2017 but it is still good price when we compared from successive years start 2009.
Like the old saying goes. 'Patience is a virtue..' It is needed as both a trader and a hodler. But, there are always two kinds of people in the crypto space, the trader and the hodler. It is always important to distinguish between a hodl portfolio and a trading portfolio. Once this is determined and clearly spelt out, then clear timelines must be set to tell how long the coins in that portfolio are going to be held. This applies to a trading portfolio as well, setting take profits points and staying patient till the trade hits TP is very important.
But in situations where the portfolio is being adversely threatened by drastic market downtrend, it is important to know when to exit the market, and in this case, exercising additional patience may cause you to lose everything. So there's the place of patience and the place of wisdom
But in situations where the portfolio is being adversely threatened by drastic market downtrend, it is important to know when to exit the market, and in this case, exercising additional patience may cause you to lose everything. So there's the place of patience and the place of wisdom
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.
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.
markets are all about patience. this mindset applies to all markets, to varying degrees. it's especially apparent in the real estate market. i know people who bought their houses deep into the bull market and are getting killed by high mortgage payments. i've also known a lot of people who sold cheap into a bloody market. patience would have served these people well.
we have to concede though, that cryptocurrency is a nascent technology, and its value boils down to adoption/speculation about future adoption. because there are no hard fundamentals (as with stocks or agricultural commodities), this is quite speculative.
we might see its potential now, but there is no guarantee that this "transfer of wealth" into cryptocurrencies will really come to fruition. it could all come crashing down, as many have predicted. past performance doesn't guarantee future results, after all.
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.
This is a natural cycle. It happens in all markets, there are buyers and sellers.
Not everyone has the same outlook.
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.
If you do tell this advise wayback on year where bitcoin or crypto is just starting then it is possible but talking this thing nowadays wont really be the same on what we would possibly achieved on the future.Prices already soar up and it cant generate millionaires just like what happen to those early adopters or holders even nowadays. Impatient is not always a good thing but there are really times that we need to sell off due to some circumstances. Goodluck to you friend.
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.
Hey MR Doom you should leave this forum because you obviously don't support crypto.
He's just offering an alternative opinion to get paid. He does support bitcoin miners because he's getting paid to make his posts and then (likely, based on his comments) sells his bitcoin for fiat...and both transactions pay a miner.
The wise one are buying and hold for 2 to 3 years before thinking to sell.
Yes, there's been a huge wealth creation event associated with Bitcoin. Not sure that it's a transfer as much as it is a creation. By hodling bitcoin and watching it appreciate many are creating wealth (on paper at least) brand new. I suppose some of the transfer could be out of other investments, but that's a rare scenario for most current bitcoin holders. Most bought or acquired what they could and have watched that ownership increase in value. No one is losing value to create this new bitcoin value, it's not as if someone has to lose $1000 for me to gain $1000.
As for holding, I think we should be doing it for far longer than 2-3 years...but each person has their own agenda.
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.
Hey MR Doom you should leave this forum because you obviously don't support crypto.
Holding is not the only best way of increasing crypto currency market value but ADOPTION of crypto currency is the only way that value will appreciate. The higher the demand for Bitcoin/crypto currency the higher its market value if you ever do basic economics.
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.
Hey MR Doom you should leave this forum because you obviously don't support crypto.
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.
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.
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