Post
Topic
Board Speculation (Altcoins)
Re: Most crypto millionaires forgot that they had crypto!
by
Zanetti83
on 08/04/2018, 04:29:45 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.





Well, before you become a holder, I think it will be wise to at least analyze the market and find out the best crypto for them to hold.
I also not a day trader, I prefer long term investments, but I also can understand some people who prefer short term investments, they have needs to fulfill for the weekly or maybe even daily basis, so  I didn't blame them as well.
Anyway, best of luck for you all crypto believers!