Post
Topic
Board Speculation (Altcoins)
Re: Most crypto millionaires forgot that they had crypto!
by
Febo
on 23/03/2018, 14:45:20 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.






Yes only way to become a millionaire with crypto is not to sell.  Unless you were millionaire before of course. Other option is to have selling strategy.  I like the A Sane and Simple bitcoin Savings plan https://bitcointalk.org/index.php?topic=345065.0

If you have no plan and you tend to sell you will most likely miss all x100