The best performing investors are ones who are dead

[SamReomo]

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.

[dekafee79]

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.

[SamReomo]

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.

[libert19]

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.

[royalRitta]

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!

[luckyledger]

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

[Faisal2202]

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.

[SamReomo]

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

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.

[Captain Corporate]

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.

[36B]

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.