Post
Topic
Board Speculation (Altcoins)
Re: Most crypto millionaires forgot that they had crypto!
by
hase0278
on 18/03/2018, 09:13:58 UTC
This is my council to you, invest some amount which you can afford to loose completely and then just forget that you have crypto, don't care much about the current prices. Be a F* HODLER.
Most crypto millionaires were holders and they didn't even know that.
Don't try everyday to understand the market and neither try to take profit from every bounce - you'll probably give it back to the market another day.
I will leave some quotes from Jesse Livermore which I assume are great for this topic:

“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this:  It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”

“Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.




Those are wise words but the richest millionaires in crypto continued to interact with crypto space even if they are holding, and didn't forgot that they had some coins. Besides holding, they are also working hard to get and hoard more bitcoin as days pass by. One good example of this is exchange and altcoin devs and big crypto investors(whales). They are the ones who didn't forget that they have some coins, but still holds it and hoards some in the process.