+1 furthermore poor people "work" for their money, rich people let their money work for them. King Tut didn't walk around his palace and waste precious energy no, no, no.... King Tut had slaves who he paid to carry him around his palace
This is why I always have live positions worth 15 btcs to 20 btcs at any given time in the market
because by doing this, i always have a portion of money that is going to work for me and creating "passive" revenue, thats money that comes in automatically
people need to know about this because i know there are guys out there right now who have been slaving away all day and killing themselves trying to trade, but still have made absolutely no profit and that sucks.
But while thats happening, I have my money doing all the heavy lifting for me. God forbid I have to spend even 1 hour straining my eyes infront of my laptop all day, thats like paying $20 for the new Jayz album even though I could just download it for free on torrent
always take the easier option
Thats what some people just don't
get you only have 24hrs in a day, 7 days in a week, 30 days in a month and 365 days in a year and thats not enough to create real, lasting wealth
You have to leverage the time of others to make yourself 10 times more effective in life in general
If you are always buying with the herd, then manipulators are actually using
your precious time and hard work for their own benefit, and you don't even know it
Manipulators will only buy within a strict criteria and a strict and properly defined parameter (they cover their asses basically) they basically walk into the bank through the back door, knowing that if they are the first ones in then they wont be caught by the security team. So what do they do? They leave the door open behind them, for the lesser informed traders to follow and just like always happens, the last ones in ALWAYS get caught!
Manipulators spread themselves across the market at all the earliest opportunities, and then leverage the time, effort and hard work of a "normal trade" who is late to the party 9 out of 10 times.
Why this pays of so abundantly is because the ratio of early birds to late comers is 2:20
for every two early birds, there are 20 latecomers who ALWAYS buy what the early bird has to sell to them
This is the magic of "buying time" instead of "selling time"
Not a bad way to think about it -- I wonder how successful one would be taking a 1 BTC position in every new coin that gets listed.