The best performing investors are ones who are dead

[TastyChillySauce00]

As a repetition of what I said on Altcoinstalks, playing dead 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 or even friends who carry with them and share FUD.

To remain patient, you need to have other sources of income that you can channel to sort your expenses so you can patiently hoard your investment. You also need to be disciplined, because the temptation to enjoy your investment will come.

Honestly if what you put as an investment is money that you can afford to lose, disregarding the investment over the course of years could easily be done, the problem with majority of the people is that, they like to put the money that they can't afford to lose to an investment and at the slightest of market movement they become too excited or too afraid since they already imagining the scenario of what gonna happen if they can't make ends meet.

pretty fair reaction to have knowing that most of us have basic needs that we want to fulfill but a disastrous one for an investment .
the market volatility is pretty common and knowing that these are just distractions is one way of making the best investment decision ever.

[Wexnident]

I mean dead people don't have needs, wants, greed, or emergencies. It's no surprise they're the better ones. Heck I myself treat my investments as a sort of secondary emergency fund (I have a primary one but you know, just in case life slams a truck at you or something).

Gotta agree with it though. I mean my DCA has already brought me so much and it's only been 2 ish years. I've been touching it here and there to buy some alts but generally still in profit anyway so .

[legendbtc]

As a repetition of what I said on Altcoinstalks, playing dead 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 or even friends who carry with them and share FUD.

To remain patient, you need to have other sources of income that you can channel to sort your expenses so you can patiently hoard your investment. You also need to be disciplined, because the temptation to enjoy your investment will come.

Honestly if what you put as an investment is money that you can afford to lose, disregarding the investment over the course of years could easily be done, the problem with majority of the people is that, they like to put the money that they can't afford to lose to an investment and at the slightest of market movement they become too excited or too afraid since they already imagining the scenario of what gonna happen if they can't make ends meet.

pretty fair reaction to have knowing that most of us have basic needs that we want to fulfill but a disastrous one for an investment .
the market volatility is pretty common and knowing that these are just distractions is one way of making the best investment decision ever.

To be fair, who wants to lose money even if that money doesn't affect our lives? I bet no one wants to lose money and it's never easy to pretend to forget your money unless it's completely gone.

I agree with you that there are a lot of people who are using money they can't afford to lose to invest in bitcoin. But between saying and doing there is a huge gap. Even people who are rich and only invested a small amount of money in bitcoin will feel uncomfortable when they lose, let alone those who are not rich and have placed great faith in their investment.
It's easy to give advice or criticize others, but I suspect many of us aren't doing as well as we say we are.

[$weetne$$]

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.

Dead people do not have access to their investment therefore if we want to make profits like them we have to restrict access to our investment by forgetting about them. If you wanted to hodl Bitcoin for 10 years, always checking news and looking for what is happening to Bitcoin would not help you but playing dead and forgetting you ever had Bitcoin is the best strategy to use. For hodling to be successful, you have to be the type of individual that do not get scared that you are going to lose the money that you put into an investment. The strategy being shared is helpful but I would not support forgetting that you had Bitcoin before you will forget where you kept your private key and would not be capable of having access to the Bitcoin in your wallet. We have had stories of people that forgot about their Bitcoin and they can no longer have access to it, nobody wants to be in that type of situation.

[doomloop]

I mean dead people don't have needs, wants, greed, or emergencies. It's no surprise they're the better ones. Heck I myself treat my investments as a sort of secondary emergency fund (I have a primary one but you know, just in case life slams a truck at you or something).

Gotta agree with it though. I mean my DCA has already brought me so much and it's only been 2 ish years. I've been touching it here and there to buy some alts but generally still in profit anyway so .

I believed for a long time that trading is the way to make money, and I tried my very best to make that work, but that did not happen for me and I think it is not going to end up with anything decent for that size at all. I believe that we can just focus on what to do and how to do it with what we have, the best way to go with this is something that will take a while, and eventually I believe that I was wrong and trading wasn't the way to go, at least for me.

I know that there are a lot of people who made a lot of money from trading, a lot of people used futures and got rich overnight too, seen people turn a thousand dollars into 70k in front of my eyes, I was there when they made it, so it is possible. But I am not that guy, I like to hold, and because of that I have been doing DCA for a while too and I have made a lot more DCA'in than when I was trading, much better way. I think we need to make sure that part works, if we can do that, things will be simpler.

[Zlantann]

Be as calm and patient as dead people are and gains will come 

As a repetition of what I said on Altcoinstalks, playing dead 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 or even friends who carry with them and share FUD.

To remain patient, you need to have other sources of income that you can channel to sort your expenses so you can patiently hoard your investment. You also need to be disciplined, because the temptation to enjoy your investment will come.

The dead don't have needs or emergencies which is why they can keep investments for a long time. I have been faithful in following my DCA plan but I had to make some adjustments recently. Due to inflation, my monthly income is not enough to cover my basic needs so I had to liquidate some of my hodlings. A dead man will not do that because he is sleeping comfortably in the grave where he needs nothing to survive. I agree that for one to be able to show patience and consistency, there is a need to have other sources of income. The way the prices for goods and services are going high, many people might be forced to sell off their investments prematurely.

The strategy being shared is helpful but I would not support forgetting that you had Bitcoin before you will forget where you kept your private key and would not be capable of having access to the Bitcoin in your wallet. We have had stories of people that forgot about their Bitcoin and they can no longer have access to it, nobody wants to be in that type of situation.

I think OP just used the dead as an illustration of how investors should exercise patience and don't be by moved by FUD.  Of course it will be better to sell your investment because of FUD than to misplace the private keys of the wallet. Forgetting about you investment should include avoiding news that is targeted at generating FUD. You are correct that we shouldn't misplace our private keys just because we want to act like a "dead investor".

[DaNNy001]

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.

Dead people do not have access to their investment therefore if we want to make profits like them we have to restrict access to our investment by forgetting about them. If you wanted to hodl Bitcoin for 10 years, always checking news and looking for what is happening to Bitcoin would not help you but playing dead and forgetting you ever had Bitcoin is the best strategy to use. For hodling to be successful, you have to be the type of individual that do not get scared that you are going to lose the money that you put into an investment. The strategy being shared is helpful but I would not support forgetting that you had Bitcoin before you will forget where you kept your private key and would not be capable of having access to the Bitcoin in your wallet. We have had stories of people that forgot about their Bitcoin and they can no longer have access to it, nobody wants to be in that type of situation.

Playing dead is the best way to actually go about any investment that one would have especially when it's Bitcoin but the thing is that playing dead to your investment is not as easy as we say it, because Bitcoin has so many seasons and so many things can actually influence and fluctuate it price and one of the reasons why people don't overcome this is when they don't actually plan the whole thing because if you are to start playing dead there are certain that you ought to have put in place like a good job that would cover all your needs so as you can easily forget the holding.

[jaberwock]

Playing dead is the best way to actually go about any investment that one would have especially when it's Bitcoin but the thing is that playing dead to your investment is not as easy as we say it, because Bitcoin has so many seasons and so many things can actually influence and fluctuate it price and one of the reasons why people don't overcome this is when they don't actually plan the whole thing because if you are to start playing dead there are certain that you ought to have put in place like a good job that would cover all your needs so as you can easily forget the holding.

I disagree, that may sound like a good thing for individuals, and some people do that, it is not good for the market. I believe that we should try to make sure that the market has a constant influx of buyers AND sellers, we need those sellers in order to keep the market going. If you hold, and I hold, and he holds, and she olds, then who is selling?

If nobody is selling, then the market would eventually crash, because while it is good to have scarcity, buyers will eventually give up thinking it is too overpriced and that would crash the price. So we need to have juuust a bit more buyers than sellers, that way we still have sellers, but buyers are interested in just a bit more, not a whole lot more.

[taufik123]

Playing dead is the best way to actually go about any investment that one would have especially when it's Bitcoin but the thing is that playing dead to your investment is not as easy as we say it, because Bitcoin has so many seasons and so many things can actually influence and fluctuate it price and one of the reasons why people don't overcome this is when they don't actually plan the whole thing because if you are to start playing dead there are certain that you ought to have put in place like a good job that would cover all your needs so as you can easily forget the holding.

It's too much to pretend to be dead is the way you do it, maybe you just forget about it and assume you don't have any investment,
but with a record of all the keys and where you store your Bitcoins you have to remember.

Pretending to forget here means buying and then just ignoring it with the goal of the long term.
You don't need to look at the market so as not to be affected by the rise and fall of prices.

However, if you are really sure of the first purchase, then there will be a second purchase at a lower price.
doing DCA at any given time or when seeing the market drop drastically touching the Dips, it is the best opportunity to accumulate bitcoin holdings.
The main goal is of course long-term and will not change.

[Natalim]

Make sense because i've seen plenty of stories of people that forgot they have BTC even to some extent they threw away their laptop and now their BTC holding worth millions   .

but mainly it's because some people are investing and getting influenced heavily by their emotion, like recent dips, had people bought at $60k around a month ago and see the price dumps into $54k they would've been freaking out but see right now price bounced back as if nothing happened  .

Well, that’s how profitable bitcoin is, despite how its investor lost his wallet or forgot it, still bitcoin investment ends up soaring high and become more profitable in time. Something that will be hardly achieved when the investor itself is very active and keeps monitoring the market, because even if we say patience is there, but once the market seems not to perform well and bitcoin price drops drastically, believe me, your emotions will certainly be triggered and end up with wrong decision making that one will only regret later on after doing that.

[justdimin]

The dead don't have needs or emergencies which is why they can keep investments for a long time. I have been faithful in following my DCA plan but I had to make some adjustments recently. Due to inflation, my monthly income is not enough to cover my basic needs so I had to liquidate some of my hodlings. A dead man will not do that because he is sleeping comfortably in the grave where he needs nothing to survive. I agree that for one to be able to show patience and consistency, there is a need to have other sources of income. The way the prices for goods and services are going high, many people might be forced to sell off their investments prematurely.

This part is the one that many people end up missing. Sure, we can still keep our bitcoins and try to find some other way, but there are so many situations where we could help with people if we sell. Like for example I had so much more bitcoins, I have lost on tens of thousands of dollars in bitcoin, all because I had to pay for a loved ones medical bill, now could I have done something else?

Well, I could have put my car for collateral and get loan from the bank to pay that bill, which would have worked, and I would have a little hard time paying the debt back, but in that case instead of selling all of my bitcoin at once, I would have sold it small by small, to pay the debt each month. That is not how it happened, I mean from trying to have a baby, to having a funeral, it took me less than a year, my life went from great to terrible from just September to July, it's been terrible, keeping bitcoin would have not served any purpose in these trying times, it would have just caused me excessive headache. Instead, I just sold it, and paid all my debts aside a few, and in a few months I will have nearly zero debt, very small amount. That is something I would prefer, because it made my life easier.

[fullhdpixel]

Dead people do not have access to their investment therefore if we want to make profits like them we have to restrict access to our investment by forgetting about them. If you wanted to hodl Bitcoin for 10 years, always checking news and looking for what is happening to Bitcoin would not help you but playing dead and forgetting you ever had Bitcoin is the best strategy to use. For hodling to be successful, you have to be the type of individual that do not get scared that you are going to lose the money that you put into an investment. The strategy being shared is helpful but I would not support forgetting that you had Bitcoin before you will forget where you kept your private key and would not be capable of having access to the Bitcoin in your wallet. We have had stories of people that forgot about their Bitcoin and they can no longer have access to it, nobody wants to be in that type of situation.

There are only two cases where someone buys and forgets their bitcoins, either someone who is very rich and has so much money that they don't know where they have their property, or who does not need money. Also, it is not possible for a person to invest his money somewhere and not remember about it or does not want to remember.

A businessman opens his wallet a thousand times a day and checks. I always have four to five computers on which I always note the ups and downs of the market, so I don't think any trader can forget after buying bitcoins or anyone in this day and age. There won't be anyone who has not checked his wallet for years.

And I don't think it's wise for someone to buy Bitcoin and hold it for so long that they forget about Bitcoin. Those who buy and hold earn more than those who just buy and hold for a long time because the market is subject to ups and downs, how often the market goes up and how often it goes down. There are thousands of opportunities in a month that we buy and then sell and then buy. That way we can earn as much profit by staying updated and active as we can't earn by just holding.

Everyone else has their own thoughts, their own opinions, and their own principles of trading. We cannot force anyone, nor will anyone follow our advice, because everyone has their own mind and their own strategic planning.

[Coyster]

Of course we don't want to die without reaping the benefits of our investments, but the message of this thread is very clear, be as patient as possible. So many people put themselves through a lot of stress trying to figure out what is happening when there is a dump, confused whether to sell or not and more often than not they end up making mistakes.

Hodl your bitcoins, the price can only fall for a short time. Investing in bitcoin for the long term is the right thing to do as an investor, because it is easier to make ROI in the long term than in the short term.

[Franctoshi]

Be as calm and patient as dead people are and gains will come  

As a repetition of what I said on Altcoinstalks, playing dead 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 or even friends who carry with them and share FUD.

To remain patient, you need to have other sources of income that you can channel to sort your expenses so you can patiently hoard your investment. You also need to be disciplined, because the temptation to enjoy your investment will come.

You've made some points here, Aside that, another thing is that your investment should be base on plan and target, don't just invest because one sees that others are investing and you rush in to invest without you having a proper plan in place and not knowing what that led to those investors to invest, before investing try like ask yourself, would I be needing this money from this so time to this so time without touching it? this way you will limit the temptations that will definitely happen along the line.