Post
Topic
Board Speculation (Altcoins)
Re: Most crypto millionaires forgot that they had crypto!
by
marcbitcoins
on 29/03/2018, 04:12:03 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.





This is true but without luck it will be useless. There are lot of us who deeply hold lot of coins during the latest ultimate dips in which the results was totally disappointment and frustration that if we just sell it earlier we maybe cut the losses. In holding we need constant monitoring and reviewing the update to ensure the safety of our assets not just to forget then rely on luck that someday it will become unexpectedly expensive this is because every hard earned money is very important even that amount is affordable to lose.