Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: pawel7777 on July 13, 2024, 10:59:14 AM
-
https://www.bluewealth.com.au/general-knowledge/the-best-performing-investors-are-ones-that-are-dead/
I just came across this article and thought I'd share it as an ultimate reminder that being overly reactive and allowing panic to kick in is usually the worst that investors can do.
Be as calm and patient as dead people are and gains will come ;D
Yes, you read that correctly. Fidelity, one of the biggest asset managers in the world, performed a study on their best-performing client brokerage accounts. Over a 10-year period, they found that the highest returns came from the ones where the account holder was dead. The second best were the ones that had forgotten they had investments. Of course, I don’t recommend dying as a good investment strategy.
Why is this the case?
Most of the time, the market rewards investors who get into position and then do nothing. While it seems simple, it’s a lot harder than it sounds. Successful investing can be extremely boring, and it can be hard not to watch the news and tinker with your investments to try and squeeze out every ounce of performance from your hard-earned capital. But the market rewards patience and punishes those who give into emotions.
Dead investors aren’t usually reading the news and panic selling as investments go down, nor are they prone to panic buying as the market is soaring (...)
This is not necessarily related to crypto, but can be useful info for investing/trading in general.
Do whatever you want with this knowledge.
-
Investment grow more when the investor give it a long time without interference from the investors, that is the reason that the dead investor hard more turn over of accumulated profit's compared to those Investors who are constantly interfering with their asset's.
Even in stock share buying, the same mechanism applies to all, the longer you investment stayed untouched, the higher your expected gains along the line.
-
Yeah, that's definitely applicable to crypto and traditional markets. You might not like Warren Buffet's stance on crypto but sitting on a winning horse (investment asset) is one of the best lessons I got from him. When it comes to crypto, just stay updated with what's happening with the development because of potential change in token smart contract or transitions to the main chain.
-
Before opening this post, I thought, "Is this a story about past investors?"
Now I realize that it's just a quote advising calm for the bull run to come. I agree with you anyway. People who sell in panic, like the German government did, won't have the opportunity to see gains like people who hold. An individual might later own Bitcoin with a higher value than the German government in the future because the government will likely need to buy at the top.
-
Patient is very important when investing, it is just like you invest into bitcoin and hodli for a very long period of time, before you know it your bitcoin investment will generate more profit overtime as the price of bitcoin increases in value. Being patient with your investment means you shoukd allow your money to work for you and don't think that you can do it all alone. Your investment should be like a child that takes a very long time before he becomes an adult, bitcoin gives us that opportunity to invest and grow our investment for years.
-
Investment grow more when the investor give it a long time without interference from the investors, that is the reason that the dead investor hard more turn over of accumulated profit's compared to those Investors who are constantly interfering with their asset's.
Even in stock share buying, the same mechanism applies to all, the longer you investment stayed untouched, the higher your expected gains along the line.
Perhaps the most important thing we can realize and apply is that a strategy of holding a valuable asset for the long term can generate greater returns than frequent trading tactics for optimization!
Optimization is often tempting: buying low and selling high to increase the number of tokens, buying BTC and then selling BTC to invest in ALTS and get higher profits in the bullrun, but in the end, most people fail and do not meet their initial expectations. The most important factor for a long-term holder to focus on is identifying assets that are truly valuable and will appreciate over time. BTC is such an asset!
-
Investment grow more when the investor give it a long time without interference from the investors, that is the reason that the dead investor hard more turn over of accumulated profit's compared to those Investors who are constantly interfering with their asset's.
Even in stock share buying, the same mechanism applies to all, the longer you investment stayed untouched, the higher your expected gains along the line.
Perhaps the most important thing we can realize and apply is that a strategy of holding a valuable asset for the long term can generate greater returns than frequent trading tactics for optimization!
Optimization is often tempting: buying low and selling high to increase the number of tokens, buying BTC and then selling BTC to invest in ALTS and get higher profits in the bullrun, but in the end, most people fail and do not meet their initial expectations. The most important factor for a long-term holder to focus on is identifying assets that are truly valuable and will appreciate over time. BTC is such an asset!
From the start we should have known about things like this, I mean we should have known that holding it for a long time is as if we were dead. This has a meaning that we must understand, not just from the words alone.
If we only look at the meaning of the words, it will definitely be difficult for us to understand them. However, when we understand the meaning of the word in depth, we will find out what this means. The point is that investment is something that must be done for a long time to be able to get maximum profits.
-
This is not necessarily related to crypto, but can be useful info for investing/trading in general.
Do whatever you want with this knowledge.
In other words they are saying invest in an asset and forget about it for the next 10 years. That's what investment means. Those who plan to invest for longer periods but due to market conditions they either become greedy or panic and book their investment. Which either costs them more loss and sometimes less profit. Therefore this study shared by fidlity, shows that invest in an asset and play dead like you have no emotions anymore.
I have read everywhere that if you invested in a good coin and asset then hold onto them till you can because investing and holding assets gives more returns than trading. And if we compare trading with investments then both have their own differences some find them good and some do not.
-
The study cannot be generalized, but what is proven is that fear and anxiety lead to making ill-informed decisions, and these decisions are often wrong.
Also, trading in its simple concept is difficult to predict its results in the short term, and trading in the long term is an investment, not a trade. Therefore, trading Bitcoin and cryptocurrencies is more difficult than all types of trading, which can be predicted easier.
-
~snip~
People who sell in panic, like the German government did, won't have the opportunity to see gains like people who hold. An individual might later own Bitcoin with a higher value than the German government in the future because the government will likely need to buy at the top.
First of all, it was not sold by the German government, it was done by a German district - and secondly, they did it because they have a legal obligation to do it after a certain time - keeping BTC would be illegal. In addition, there is only one government that publicly admits to investing in BTC, and it is certainly not Germany.
-
~snip~
People who sell in panic, like the German government did, won't have the opportunity to see gains like people who hold. An individual might later own Bitcoin with a higher value than the German government in the future because the government will likely need to buy at the top.
First of all, it was not sold by the German government, it was done by a German district - and secondly, they did it because they have a legal obligation to do it after a certain time - keeping BTC would be illegal. In addition, there is only one government that publicly admits to investing in BTC, and it is certainly not Germany.
I replied that because I believed what I've been seeing online about the BTC selling. However, I'm not trying to prove you wrong. I believe those selling are mostly Germans. If keeping BTC is illegal, I think they've held onto it for quite a long time, considering it's been illegal since then.
Anyway, thanks for shedding more light on this.
-
~
This is not necessarily related to crypto, but can be useful info for investing/trading in general.
Do whatever you want with this knowledge.
When I saw the subject title, what came to my mind when it says "ones who are dead" are the ones who are alive, but not doing anything with their investments for a long time. Well, based on that article, they really are dead - like literally are dead. :D
Anyway, I think it's self-explanatory as to why the dead are the ones that are getting the highest returns. They're not reacting to what's happening with the market obviously. I guess most of us (or at least me), are falling into the 2nd category which is the ones that had forgotten their investments. As for my case, I don't completely forget it, but I'm not reacting to what's happening globally. I don't make decisions whether there's news that's happening or something positive to the market.
-
I have some tokens that I did not sell in 2021 and their value is now less than 10% of their previous value. The best performance is by choosing the best investment, but a bad investment will bring you a loss if you do nothing or sell at the right time.
-
They didn't have that much of a race on their hand anyhow:
If we look at the performance of active fund managers, ...., over a 20-year period, 93% underperformed the index, and 90% underperformed over the last 10 years.
So basically sticking to the index and not trading you would have beaten 90% of fund managers, adding the fact that as the article mentions you would have not paid taxes on gain and fees for trading, yeah, keeping it one place for a long period of time rather than chasing profits would have been a good idea.
Also, it's not like everyone who held for 10 years was profitable, but some of those!
-
This is not necessarily related to crypto, but can be useful info for investing/trading in general.
Do whatever you want with this knowledge.
How can you even say that this is not necessarily related to crypto? Of course it is completely related to crypto, and it is actually a very good advice to be honest, can't count the number of times I've been a victim to fomo and panic selling, and at the end of it all, I end up regreting ever making a move.
Even this morning, I read in the news headline that MT-GOX sent some thousands of bitcoin to kraken exchange, and I immediately started watching the market closely, and immediately saw that Bitcoin was beginning to drop, i rushed and sold mine at around $62k, now I regret it because bitcoin is back to above $63k, and if it doesn't drop again, I might end up buying it back at a higher price.
This is what many crypto investors face, and knowledge like this is very important if only we all can read and learn, and practice it.
++ great thread.
-
Patient is very important when investing, it is just like you invest into bitcoin and hodli for a very long period of time, before you know it your bitcoin investment will generate more profit overtime as the price of bitcoin increases in value. Being patient with your investment means you shoukd allow your money to work for you and don't think that you can do it all alone. Your investment should be like a child that takes a very long time before he becomes an adult, bitcoin gives us that opportunity to invest and grow our investment for years.
Patience isn’t always work for you. Think you are so patience after buying btc on over priced will it control your mind, never it makes you more panicked and even you can die with your patience.Take it as fun. However on the other hand if you are in good profit and still you are so patience to go high more you can fall down with huge drop. So its true that you need to be more patient but with technically and need to know where take entry and get exit. Hope you understand.
-
Patient is very important when investing, it is just like you invest into bitcoin and hodli for a very long period of time, before you know it your bitcoin investment will generate more profit overtime as the price of bitcoin increases in value. Being patient with your investment means you shoukd allow your money to work for you and don't think that you can do it all alone. Your investment should be like a child that takes a very long time before he becomes an adult, bitcoin gives us that opportunity to invest and grow our investment for years.
Patience isn’t always work for you. Think you are so patience after buying btc on over priced will it control your mind, never it makes you more panicked and even you can die with your patience.Take it as fun. However on the other hand if you are in good profit and still you are so patience to go high more you can fall down with huge drop. So its true that you need to be more patient but with technically and need to know where take entry and get exit. Hope you understand.
At some point we need to have some patience, because our investment sustainability rely on our patients to thrive because at some point there is a need to take a break from the market regardless of what your emotional state could be because at some point we need to leave our asset to grow at a significant timeframe, the reason why you see that in the research result the best-performing investors are the dead investors, but even anyone who has adequate knowledge of the importance of time in investment can still give the same amount of time for the investment to grow.
In the coming years, we are going to see a new dimension of investors' appetite that will increase the ability to hold for a long time in that case a lot will be looking in the direction of profit more than the market volatility and having a long-term investment perspective.
-
Be as calm and patient as dead people are and gains will come ;D
It is not an easy ability to master, but surely not something that cannot be done.
To become really calm, one needs to master their emotions and avoid Triggers like the news. To remain patient, you need to have other sources of income that you can channel to sort your expenses so you can patiently be able to hodl your investment.
-
I do remember my friend who had forgotten his investment in BTC a long time ago and he withdrew it recently. He was happy in terms of the amount that he accumulated.
He acted as if it was nothing or non-existent. It's really amazing how that could be a blessing to anyone.
I hope we will be rewarded like that someday.
-
-snip-
However on the other hand if you are in good profit and still you are so patience to go high more you can fall down with huge drop. So its true that you need to be more patient but with technically and need to know where take entry and get exit. Hope you understand.
Depending on how the strategy is used, if the price has started to rise but the main price target has not been reached then there is no reason to take profits, just wait for the main price target.
But if the price target has been reached but is still holding back, then it will be a problem when the price really drops drastically and goes into bearish mode.
Do not pass up the opportunity to take advantage when it is already arranged, trying to be disciplined with your own strategy will be a good path.
-
I do remember my friend who had forgotten his investment in BTC a long time ago and he withdrew it recently. He was happy in terms of the amount that he accumulated.
He acted as if it was nothing or non-existent. It's really amazing how that could be a blessing to anyone.
I hope we will be rewarded like that someday.
It's good that he remembered his keys to access Bitcoin because most of the time people don't save their keys and with forgetting their bitcoin investment they also forget their keys due to which they fail to get the reward.
Sometimes we gain more than what we are expecting and such blessings make a person thankful for everything he has. We should focus on investment in different assets and for long term investment we should forget about our investment like your friend did because after a long time we will be in more benefit as we will not use our emotions in investment.
-
Before opening this post, I thought, "Is this a story about past investors?"
Now I realize that it's just a quote advising calm for the bull run to come. I agree with you anyway. People who sell in panic, like the German government did, won't have the opportunity to see gains like people who hold. An individual might later own Bitcoin with a higher value than the German government in the future because the government will likely need to buy at the top.
- That's why, as investors, we must be wise in choosing the crypto assets that we choose to invest in, or else it will really go to nothing if we don't get a profit from the capital that we will use here.
And in addition to that, there are also things that should be considered when we invest, and some of them are patience, having extensive knowledge in trading, and skills improvement.
-
having extensive knowledge in trading, and skills improvement.
Is having great trading skill really necessary if people want to invest for long-term though? I honestly don't think you need to have a great trading skill to find a good entry, especially when you're looking a the bigger picture. Obviously you'll get more profits if you enter at the right time, but missing 10-30% timing shouldn't be a huge deal if you managed to exit at the bullrun.
I agree that being too trigger happy with your trade is really bad though. If your goal is long-term (2+ years) then you should be patient, especially if you're familiar with the crypto market and its cycles.
-
Really strange and interesting information, but completely true, those who died or lost access to their assets for a long period, whether by death or by losing the private key or password, are the ones who achieved the highest profits in the long run.
Most traders know this truth, but they cannot overcome their emotions, whether fear or greed. When a coin in your wallet rises before your eyes, do not control yourself and sell to get your profits, and vice versa, when a coin falls, you sell it for fear of losing your money. The big problem is controlling emotions.
-
Not very surprising on one hand, but on another, asset holders are able to remove their assets from the control of the asset manager (think if you're trying to liquidate an ETF that you own), so it is understandable that you get the highest returns when only the account manager is increasing the asset value and the customer isn't interfering.
-
Really strange and interesting information, but completely true, those who died or lost access to their assets for a long period, whether by death or by losing the private key or password, are the ones who achieved the highest profits in the long run.
Most traders know this truth, but they cannot overcome their emotions, whether fear or greed. When a coin in your wallet rises before your eyes, do not control yourself and sell to get your profits, and vice versa, when a coin falls, you sell it for fear of losing your money. The big problem is controlling emotions.
Yeah, I think it's obvious that when you lost your accessed in crypto, it will be over. Or maybe in cases like in stocks that we have, maybe we can all forget about it in years but then we can call our brokerage once we remember that we have this stocks in our portfolio.
Emotions are very important in every investments, and also have patience to really stay in the game for so long. Like here we do DCA week after week or month after month and we can only rewards ourselves in years as we have a bear/bull market. So mental toughness, look at the bigger picture, accumulate, HODL and sell at the right time.
-
I do remember my friend who had forgotten his investment in BTC a long time ago and he withdrew it recently. He was happy in terms of the amount that he accumulated.
He acted as if it was nothing or non-existent. It's really amazing how that could be a blessing to anyone.
it becomes a problem when you are too impatient and you are expecting your money to grow right away and in huge amounts we all want to get rich but some people just cannot wait and they keep checking and checking their funds and they feel happy when they see it gaining but then get overly anxious when they see it go down
-
Patient is very important when investing, it is just like you invest into bitcoin and hodli for a very long period of time, before you know it your bitcoin investment will generate more profit overtime as the price of bitcoin increases in value. Being patient with your investment means you shoukd allow your money to work for you and don't think that you can do it all alone. Your investment should be like a child that takes a very long time before he becomes an adult, bitcoin gives us that opportunity to invest and grow our investment for years.
Patience isn’t always work for you. Think you are so patience after buying btc on over priced will it control your mind, never it makes you more panicked and even you can die with your patience.Take it as fun. However on the other hand if you are in good profit and still you are so patience to go high more you can fall down with huge drop. So its true that you need to be more patient but with technically and need to know where take entry and get exit. Hope you understand.
I agree with this fact, but patient can work in various ways and we most acknowledge the fact that too much of patient can also result in bad experiences, and such as when an investor wasted a lot of time on an investment instead taking a sell position when the market is on fire.
Mostly crypto investors, make that mistake a lot they expectation may exceed the market ability, but so when they are waiting for the market to get to they desired price, the market failed to reach that limit before reverting back on correction mode, but this is most sad experience of many people who takes greed as patient.
-
it becomes a problem when you are too impatient and you are expecting your money to grow right away and in huge amounts we all want to get rich but some people just cannot wait and they keep checking and checking their funds and they feel happy when they see it gaining but then get overly anxious when they see it go down
Patience is the key to making profit but if someone is investing even in profitable coins but they have no patience then such a valuable investment will be useless for them. Checking the price and market condition again and again is not a bad thing but if you are investing for a long time and are still impatient then this behavior will force you to check the price regularly which will adversely affect your investment.
If someone has invested in new coins and he realizes after checking regularly that his coins have shown growth then he should sell his assets immediately because new coins are not trusted like that of top coins and their growth can deteriorate after a few days which will be harmful for you.
-
It's interesting, considering that dead people don't do much, so it's actually easy to do but many people still fail at investing... but there's something else that's not listed here... people who die and their assets happen to collapse are not a big deal... so many people don't know about it... but because of luck...
I know the main point that is being conveyed is that in order to get high gains in the investment world, we have to kill our emotions towards the market and holding is the most appropriate thing.
-
Just as the potential for profit in crypto is strong, so too can the investment face losses. So keep certain things in mind before investing in Cryptocurrency. You can lose if you invest by looking at me or if you invest by looking at posts on twitter. Basically to make the best investment as a profit you need to research with experience. Don't blindly follow experts but always do your own research and gather information. So bitcoin will always return you the best gift year after year. So you definitely choose bitcoin as the best investment.
-
-snip-
Don't blindly follow experts but always do your own research and gather information. So bitcoin will always return you the best gift year after year. So you definitely choose bitcoin as the best investment.
Follow only the essential knowledge, not for everything and learn from every mistake of others without expecting to make your own mistakes even if those mistakes are bound to happen.
Investing in bitcoin is undoubtedly the safest as long as you buy at the right price and a predetermined price target.
Fluctuations will occur and it is common, so having a reserve of money for buybacks is also necessary.
-
Guys, he is just saying that acting like you're dead doesn't mean to kill yourself to make profits, haha. If you guys reconsider the OP's post, you will find that those people who have a great level of patience are always profitable. When you act like you're dead, you will avoid what is happening in the market. You can just invest your money and then leave it for a while. During this time, the only thing you have to do is start ignoring everything, like pump-and-dump schemes in the market, and after some time, you will be rewarded. So keep your patience and don't leave it.
-
The more time spent on a task, the more mastery it can achieve. It applies to all jobs. So most of those who died are successful because they have given a lot of time in this sector. If a person spends 15 years or 10 years of his life in investing, he must have more experience than a beginner. So one should focus on one's work without worrying too much about these things or getting frustrated. Because everyone makes mistakes when they are new and from mistakes they gain excellence. So it is wise to move forward in life by following the successful ones instead of being jealous of them.
-
-snip-
Don't blindly follow experts but always do your own research and gather information. So bitcoin will always return you the best gift year after year. So you definitely choose bitcoin as the best investment.
Follow only the essential knowledge, not for everything and learn from every mistake of others without expecting to make your own mistakes even if those mistakes are bound to happen.
Investing in bitcoin is undoubtedly the safest as long as you buy at the right price and a predetermined price target.
Fluctuations will occur and it is common, so having a reserve of money for buybacks is also necessary.
In investing in bitcoin we must have good knowledge, expertise and strategy even though the price of bitcoin is very volatile but if we always focus on the market and buy bitcoin at the right price we will get profit. Bitcoin is a safe investment, although sometimes bitcoin experiences correction, be sure the price of bitcoin will return, son, and the key to investing in bitcoin is patience.
-
The more time spent on a task, the more mastery it can achieve. It applies to all jobs. So most of those who died are successful because they have given a lot of time in this sector. If a person spends 15 years or 10 years of his life in investing, he must have more experience than a beginner. So one should focus on one's work without worrying too much about these things or getting frustrated. Because everyone makes mistakes when they are new and from mistakes they gain excellence. So it is wise to move forward in life by following the successful ones instead of being jealous of them.
I agree with you, for me things have a very prosperous point of view so that it can be profitable, that is, when a person has more experience, he knows very well how, when and in what moment you can have better results, especially in investment, because investment is one of those arts that is difficult to obtain, but time and experience perhaps through trial and error the person learns, that is why I recommend reading investment books, they are very good, especially those of Warren Buffet and those of Donald Trump along with those of Robert Kiyosaki, it has a different expansion of the concept of investment, which is totally applicable to crypto.
-
This is all related to the idea of HODLING and having a diamond hand...and these two terms are very common in the cryptocurrency industry. One must have the patience and must be investing time...if one is looking for the best ROI most especially if one is into Bitcoin, Ethereum or even newer coins which got a universally recognized potential for bigger future growth. Imagine if you happened to bought 100 BTC when they were priced below $1 and then just forget them for around 10 years...you could now be rich with around $5,832,000 if you sell them now. Of course, we are also assuming that you have never forgotten or failed to record your private keys otherwise it would be a bigger disaster.
-
This is all related to the idea of HODLING and having a diamond hand...and these two terms are very common in the cryptocurrency industry. One must have the patience and must be investing time...if one is looking for the best ROI most especially if one is into Bitcoin, Ethereum or even newer coins which got a universally recognized potential for bigger future growth. Imagine if you happened to bought 100 BTC when they were priced below $1 and then just forget them for around 10 years...you could now be rich with around $5,832,000 if you sell them now. Of course, we are also assuming that you have never forgotten or failed to record your private keys otherwise it would be a bigger disaster.
I am also a part of people who regret not buying a lot of bitcoin a lot in the past when the first time Bitcoin was launched at a low price, but forget it, Mate. Because at this time we should focus on investing in Crypto by gaining benefits rather than remembering the bitter experience in time. If we have bought it at a price of $ 1 and hold it for up to 10 years, now we are rich.
-
This is all related to the idea of HODLING and having a diamond hand...and these two terms are very common in the cryptocurrency industry. One must have the patience and must be investing time...if one is looking for the best ROI most especially if one is into Bitcoin, Ethereum or even newer coins which got a universally recognized potential for bigger future growth. Imagine if you happened to bought 100 BTC when they were priced below $1 and then just forget them for around 10 years...you could now be rich with around $5,832,000 if you sell them now. Of course, we are also assuming that you have never forgotten or failed to record your private keys otherwise it would be a bigger disaster.
that's why i believe the article is related to crypto. considering that Fidelity only took the data from a decade ago where BTC also arise. stock investors got burned as well since only Nvidia seem to be rising among the profitable stocks and SNR they keep holding.
but if they are referring to crypto, only the ones who hold for a long time got richer assuming they've chosen the right coin including doge or LTC.
i wonder if Fidelity and the other institutions are going to give the money back to the kin of the dead investors. or are they obligated to send a atty to the kin and to whoever inherits the stocks.
-
Having some sort of situation where you are holding long term is proven to be this great and yet people are still worried and sell whenever they end up with a loss and they just get out. This should not be really getting any type of deal at all, and we need to focus on the fact that we are going to get a lot more profit if we can get better result and yet they end up with a situation getting a lot more trouble if we just sell anytime it looks like its going to end up dropping a lot more.
-
Guys, he is just saying that acting like you're dead doesn't mean to kill yourself to make profits, haha. If you guys reconsider the OP's post, you will find that those people who have a great level of patience are always profitable. When you act like you're dead, you will avoid what is happening in the market. You can just invest your money and then leave it for a while. During this time, the only thing you have to do is start ignoring everything, like pump-and-dump schemes in the market, and after some time, you will be rewarded. So keep your patience and don't leave it.
I think you will be created an excellent comment on this topic. Because we know that investment is one of the best profitable site in cryptocurrency world. Because i believe that if we can stay in long time, so it will be best valuable for us. We also know that long term investment is very profitable for us, but another we saw that many investors are give up hope in cryptocurrency market. Because they want to get there profit within a short time. But if we invest in long time, we should must wait until we could be profitable.
-
In investing in bitcoin we must have good knowledge, expertise and strategy even though the price of bitcoin is very volatile but if we always focus on the market and buy bitcoin at the right price we will get profit. Bitcoin is a safe investment, although sometimes bitcoin experiences correction, be sure the price of bitcoin will return, son, and the key to investing in bitcoin is patience.
Patience is needed for all types of investments, but some people who are impatient to wait for a cheaper price tend to panic when a cheap price is reached.
Crypto does have the most risk due to the high price volatility.
But behind the high votality, there will be more benefits that can be obtained easily, as long as you know how to manage crypto assets correctly.
-
Having some sort of situation where you are holding long term is proven to be this great and yet people are still worried and sell whenever they end up with a loss and they just get out. This should not be really getting any type of deal at all, and we need to focus on the fact that we are going to get a lot more profit if we can get better result and yet they end up with a situation getting a lot more trouble if we just sell anytime it looks like its going to end up dropping a lot more.
If everyone will be holding onto their funds in the hope of making a profit, then who will be losing money and if nobody will be losing money then where will the money will come from to be given to us in terms of profit? I mean loss is also necessary for our profit so people are of different natures trading losing and making profit.
Although its not 100% sure that holders will also make profit but still the chances for them to make profit is also high. Overall trading is more risker and stressful while I am doing investment from the last year and I am very happy not only with the results but the mind satisfaction and stressless life I mean its great.
-
Patient is very important when investing, it is just like you invest into bitcoin and hodli for a very long period of time, before you know it your bitcoin investment will generate more profit overtime as the price of bitcoin increases in value. Being patient with your investment means you shoukd allow your money to work for you and don't think that you can do it all alone. Your investment should be like a child that takes a very long time before he becomes an adult, bitcoin gives us that opportunity to invest and grow our investment for years.
Agreed, patience is the most important thing in crypto platforms but those who rush to make quick profits after investing they will face losses than profits. The investors who choose the right investment platform and wait patiently are successful. Investors who keep an eye on their invested assets always find themselves confused by market volatility. They get excited by small changes in the market. But those who are prudent invest in such a way that they may have forgotten about their investment and when the situation turns in their favor they are reactivated. In short, to get significant profits from crypto investments, one must invest for the long term and have to wait patiently.
-
If everyone will be holding onto their funds in the hope of making a profit, then who will be losing money and if nobody will be losing money then where will the money will come from to be given to us in terms of profit? I mean loss is also necessary for our profit so people are of different natures trading losing and making profit.
Not all types of trading/investing are a zero-sum game. As the economy grows and new value is created, it's possible to have gains without other people suffering losses.
Looking at Bitcoin/crypto only, it's debatable whether or not this market is a zero-sum game, but even if it technically is, this is not so bad as many think it is, e.g.
if you were to create a coin and sold it to me for $100, you gain +$100 and I "lose" -$100, but if there's a market for it and there's a constant demand from people willing to buy it from me for $100, then, from an accounting standpoint, I didn't lose anything, I just exchanged cash for an asset of the same value, making neither a profit or a loss.
-
I just came across this article and thought I'd share it as an ultimate reminder that being overly reactive and allowing panic to kick in is usually the worst that investors can do.
It's true the ones who hold for long term are the ones who end up with highest profits. Even if we consider Bitcoin investors, then the ones who adopted it in its early days and forgot about it are the ones who made fortune from that investment. Same is the case with Ethereum investors, and investors of all good projects.
-
I just came across this article and thought I'd share it as an ultimate reminder that being overly reactive and allowing panic to kick in is usually the worst that investors can do.
It's true the ones who hold for long term are the ones who end up with highest profits. Even if we consider Bitcoin investors, then the ones who adopted it in its early days and forgot about it are the ones who made fortune from that investment. Same is the case with Ethereum investors, and investors of all good projects.
Those who bought bitcoin at the beginning of bitcoin when the price was still cheap were the luckiest ones, they were smart people and had more luck than others and dared to take risks because they did not care about the negative news that attacked bitcoin at that time.
-
Those who bought bitcoin at the beginning of bitcoin when the price was still cheap were the luckiest ones, they were smart people and had more luck than others and dared to take risks because they did not care about the negative news that attacked bitcoin at that time.
Yes, I agree with you, the ones who learnt about Bitcoin in its early days and bought it for cheap rates or mined it for free were really lucky people. However, out of those people many of them have sold their Bitcoin holding for cheap profits and the real lucky ones are those who have hold their Bitcoin for long term.
-
I have had similar experiences. I held token called JRT which for 3 or so years, this was earned from a bounty campaign on bitcointalk and it was worth 100 ETH at one point, unfortunately I was dumb and did not sell, and eventually sold at much lower price.
There was another called, ETHLEND, I had got peanut amount of tokens, sold for pennies, then ETHLEND was rebranded to AAVE, and those even peanut amount tokens are worth good today.
-
I have had similar experiences. I held token called JRT which for 3 or so years, this was earned from a bounty campaign on bitcointalk and it was worth 100 ETH at one point, unfortunately I was dumb and did not sell, and eventually sold at much lower price.
There was another called, ETHLEND, I had got peanut amount of tokens, sold for pennies, then ETHLEND was rebranded to AAVE, and those even peanut amount tokens are worth good today.
It's up to the hope towards the token you have when it comes to the decision whether to sell it or not.
You did what you thought would be best, but still, thanks for sharing your experiences.
You shouldn't mourn these experiences, you should cherish what you've learned and experienced, in my opinion.
Again, thanks! Me myself, I only hold some DOGS talking about the - new - tokens with utility / no-utility to them, and I think they will shoot one day to be sold for a better price, but I may be wrong.
And that's alright!
-
I just came across this article and thought I'd share it as an ultimate reminder that being overly reactive and allowing panic to kick in is usually the worst that investors can do.
It's true the ones who hold for long term are the ones who end up with highest profits. Even if we consider Bitcoin investors, then the ones who adopted it in its early days and forgot about it are the ones who made fortune from that investment. Same is the case with Ethereum investors, and investors of all good projects.
Those who bought bitcoin at the beginning of bitcoin when the price was still cheap were the luckiest ones, they were smart people and had more luck than others and dared to take risks because they did not care about the negative news that attacked bitcoin at that time.
Yep, but that shouldn't discourage us from buying BTC even now.
It's still viable and will be till the end of our lives, probably ;D
-
Not all types of trading/investing are a zero-sum game. As the economy grows and new value is created, it's possible to have gains without other people suffering losses.
Looking at Bitcoin/crypto only, it's debatable whether or not this market is a zero-sum game, but even if it technically is, this is not so bad as many think it is, e.g.
if you were to create a coin and sold it to me for $100, you gain +$100 and I "lose" -$100, but if there's a market for it and there's a constant demand from people willing to buy it from me for $100, then, from an accounting standpoint, I didn't lose anything, I just exchanged cash for an asset of the same value, making neither a profit or a loss.
You are right market is not always a zero-sum game, but it can be a positive-sum game as well, like the scenario you shared meant if the demand is high, then you and the person you bought the token from will both be in the profit. But at some point, some buyers bought from the seller of your chain will be facing loss due to lesser demand, so I agree crypto is not a zero-sum game, but it cannot survive too long without a zero-sum game.
Exchanges can't provide liquidity for too long, although the entrance of new valuable assets and projects will keep adding liquidity but in some specific token only.
-
Yep, but that shouldn't discourage us from buying BTC even now.
It's still viable and will be till the end of our lives, probably ;D
Yes, I agree with you, most of us on this forum already HODL Bitcoin and are accumulating more of it by following DCA method and that's helping them to increase their Bitcoin holding overtime.
Even if Bitcoin reaches $1M per coin then still there will be users who will buy Bitcoin and use it as a payment method and for storing.
-
While I respect the people who didn't really moved their money at all, I also think that we should figure out a way to make our family get what we have as well. So if I ever die, I would love my wife to get my bitcoins one day, sure it may not worth a lot right now because I do not have enough money to invest much, but I would love her to have the codes and passwords and all that, so that she could save it somewhere, maybe in the future it would worth something. All these people who are dead, and their coins not moving, means that they didn't leave anything to anyone and that's a very sad thing, maybe they had many people around them who needed it, but they never thought bitcoin would ever worth anything so they didn't leave anything, it was just chump change then, so they didn't see a reason, or maybe they died without expecting it, not everyone dies of cancer in a year or two, some people die in car crash at young age, how would they know they should have left stuff, they didn't expected to die at all. So just be ready for these things at all times.
-
While I respect the people who didn't really moved their money at all, I also think that we should figure out a way to make our family get what we have as well. So if I ever die, I would love my wife to get my bitcoins one day, sure it may not worth a lot right now because I do not have enough money to invest much, but I would love her to have the codes and passwords and all that, so that she could save it somewhere, maybe in the future it would worth something. All these people who are dead, and their coins not moving, means that they didn't leave anything to anyone and that's a very sad thing, maybe they had many people around them who needed it, but they never thought bitcoin would ever worth anything so they didn't leave anything, it was just chump change then, so they didn't see a reason, or maybe they died without expecting it, not everyone dies of cancer in a year or two, some people die in car crash at young age, how would they know they should have left stuff, they didn't expected to die at all. So just be ready for these things at all times.
Sometimes a user may want to transfer his/her money to the next generation; in the case of bitcoins, how can a user do this? If we grant access to our partners or family, we can be assured that any amount of value gaining in future will still be beneficial to them. This is a form of responsibility, especially since something can happen at any time by surprise or not.
Secondly, few people can wone how much anything is worth when it is no longer relevant in their daily lives. This is a great learning on how we need to prepare not just for the loses but to make it a point that our loved ones could continue with what we do.