Post
Topic
Board Economics
Re: Transferring of wealth from the impatient to the patient!
by
tbterryboy
on 17/11/2018, 06:04:14 UTC
I will like to say the plain truth about what I have think laid ahead of us as an investors, traders and speculators on cryptocurrencies market. Many of us that know about cryptocurrencies and bitcoin since 2010 and 2011 and did not see any reason to buy and hold till 2017 before selling will testify that impatient is the reason why they are not millionaire in the local currency.
in cryptocurrencies market we are witnessing transfer of wealth and this transfer is been done through creating a system that make some group of people selling their holding because of the fear of what the future hold. The wise one are buying and hold for 2 to 3 years before thinking to sell.
if you want to be a future millionaire  and billionaire? then think on how important it is for you to keep holding and patient with the market and in 2 to 3 years to come if you will not be in money, this money always come from the impatient one.
Goodluck to you friend.
I quite agree with you that being impatient can make one to lose or not profit as much. But can we really blame the impatient who is satisfied with his/her profit or the patient one who is holding big bag of shitcoins? Being patient and discipline is crucial in this kind of market, however one must wait with common sense.
Yeah, the level of impatience of a lot of people in the past have made them to miss being a part of the market today and even if they are, it has made them to miss the profit some early holders are even getting right now even at the dip. Yeah, that is exactly how it is.

The funniest part to this whole thing is the fact that in as much as they all keep saying banks have been stealing from them, you just realize that even at this stage, the same gullible people who want to get rich overnight are still allowing the same banks and financial institutions to play with their emotions and get them thrown out of the market, since all they will ever be is weak hands.