Most crypto millionaires forgot that they had crypto!

[holden.commodore]

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.

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[Bodywowoya]

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.

I think they did not think because it all just started developing and there it was pointless to watch, and I think the sums for them are not significant. And now everything is different, without control and checks the sense of trading in the market, blindly believe in luck. Yes, and I'll tell you not everyone is able to lose even a small part of their money.

[MarchToke]

That is why we must holds crypto coins also so that in the near future we may become millionaires. And now is the best time to purchase crypto coins and then hold it now and just forgot that we are keeping coins.

[Irvinn]

In addition, that you need to be patient to generate income in the crypto currency, you also need to invest correctly in the right and necessary coin. Here the forum has repeatedly been indignant that a few years after buying a coin, and it did not grow at all. And sometimes it happens that the bought coin generally disappears from the market forever because it is not unfit.

[starblocks]

These are very wise words

Lots of investors lose money buying and selling at the wrong times during market volatility

Investing can be far more profitable in the long run if you choose the right assets and adopt this approach

[light22man]

Good choose just hold crypto. Hodler always beat the active trader in long term, actually it's true there is some research on this topic you can google it

[daicavung]

I think if we do this the way it is probably based on luck is more than the experience we have. But what you say applies to the Crypto market is absolutely beneficial. We hold altcoin and do not care about the current price, holding them for long periods of time. Later on you will be surprised when prices rise very high. You will become a millionaire.

[hase0278]

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.

Those are wise words but the richest millionaires in crypto continued to interact with crypto space even if they are holding, and didn't forgot that they had some coins. Besides holding, they are also working hard to get and hoard more bitcoin as days pass by. One good example of this is exchange and altcoin devs and big crypto investors(whales). They are the ones who didn't forget that they have some coins, but still holds it and hoards some in the process.

[miyaka26]

It needs to consider next to the quality and the ability of the coin to survive on a long-term basis and holding cause most of the tokens or altcoins you may encounter are scams, cannot survive in a long run, worthless features and ineffective goals which you need to consider before forgetting that you have cryptocurrency in your own device, failure to know really how worth the coins that you hold in the near future may result in a missed opportunity, bitcoin is an example of coins that are worth holding.

[faaty]

Most of them even forgot their private keys and even forgot that they owned crypto once before. I am serious. This means that circulating supply is less than we think and price must be higher than now.

[ivrytwr3]

This is the dream! Put me in cryo for a year or 2, wake me up - boom!

[anavir]

i don't think they  forgot their crypto currency..they just holding it and wait for the right time to reap and i think it is their strategy as a big investor..

[iqlimasyadiqa]

It needs to consider next to the quality and the ability of the coin to survive on a long-term basis and holding cause most of the tokens or altcoins you may encounter are scams, cannot survive in a long run, worthless features and ineffective goals which you need to consider before forgetting that you have cryptocurrency in your own device, failure to know really how worth the coins that you hold in the near future may result in a missed opportunity, bitcoin is an example of coins that are worth holding.

Most crypto is very risky to be invested. We all know that sometimes pumps and dumps are done by some people who want to take advantage without thinking about the long term. In fact we all sometimes forget to have a coin and it is a natural thing because there are so many altcoin in the world today. As you may say that there may be only a few coins that we will always keep in mind, Bitcoin is one of the most valuable coin and we should invest for the benefit of both short and long term.

[damberg]

Some pieces of wisdom from Jesse Livermore. I think that simple hodling is a great strategy to accumulate wealth unless you have not other strategy (regular dividends from your capital etc.). On the other hand, experienced full time trader with consistent approach to the market can earn even more than hodler.

For majority of us - buy cheap and sell when you see news headlines about the coin. 

[slaman29]

Got a point there mate. If I had done the exact same thing, I would have had lots of riches with coins like mrai (or was it xrai now), now rebranded to Nano. I got bored and sold them for what I thought was profit. Idiot right? Then again, if I went to sleep after June 2016, all the coins I bought then would be at serious losses right now: Siacoin for example. Glad I stayed awake every month until January, when I was able to sell off everything I needed to break even, so now holding "Free Bags".

But I get what you mean, holding is best for those who actually have a real life.

[tdeannova]

at the moment this is the investor's mentality proved, whether they can still make a profit or not? for me to hold remains the top choice, no matter how much I want to lose or even lose all assets, but that's my choice and I understand what I do.

[burdeN]

lol, I think a smart person (and most of the millionaires are smart people) caring about their investments and checking their stats periodically in order to understand what happening and foresee the possible market development.

[olumyd]

There are very few points to note in crypto investments but the most important of them all is to hodl till nothing happens. And if nothing happens all you can witness it, the worst hasn't happened yet.

[renes]

Builders of both bubble and crash are the same people and also those millionaires are always the same people. Whether you will be winner depends on who you are, not on the market.

[bttmember]

Yes that can be true, as many wallets with thousands of bitcoins are stagnant for years, that may be because of many reasons.
1) loss of private key or access to wallet.
2) Death of the owner.
3) misplacement of hardware wallet.

At the moment prices are tanking but definitely these stagnant wallets will result in even lesser supply of bitcoins.