Transferring of wealth from the impatient to the patient!

[awik p]

You have said it exactly the way it is. Some people have to sell for some people to buy. We have witnessed a serious downtrend this year. Only within a few days, bitcoin dropped buy about $2000. For some people, it the end of the road while it means the opportunity to make good gains in future for some people.

Just depends on the people who how much they can afford to lose in this bear trend,when someone can lose completely all their capital still there will be no problem them then they are the people who are going to make more profits than anyone else.

at this time psychology is very decisive, for those who are pessimistic about bitcoin, of course they will go out of the market and suffer losses, but for experienced traders, of course they will increase the amount of their assets because it is an opportunity

do you think how many investors are still holding their bitcoin since the first time the bearish happened? is it possible that all investors are impatient because prices have fallen very deeply since last year.
in fact many traders or investors are not ready to experience large losses, prices collapse instantly due to panic selling. now investors are only filled by most impatient people #IMO

right, in general they are not ready to experience more losses, so many panic and sell it. but I think this year there has been price resistance, hopefully their trust will recover soon and what we hope will come soon

[mirawantirinjana]

Usually the wealth is transferred from poor and uneducated to the rich and educated.

that's the way it is now, trading cryptocurrencies like Bitcoin only work by transferring the wealth of beginner traders who don't have enough knowledge in trading cryptocurrencies so they are stuck at a loss.
and the lucky ones are those who already have experience and rely on strategies in their trade.

[aad140386]

I fully agree with the author of the post. More than once I came across a similar situation when I was selling an asset early, thinking that the more likely he would not grow. I acted as a speculator and not as an investor. After 4 years on the stock market, I realized that in the long run you can only make money as an investor. I’m not saying that the speculators are all going bankrupt and cannot earn on the stock exchange. Just the percentage of speculators' earnings in a long period of time is much less than the earnings of a long-term investor. And I personally decided to trade for a period of 3-5 years. I also consider cryptocurrencies as a long-term investment, as I see potential in them.

[gabmen]

Usually the wealth is transferred from poor and uneducated to the rich and educated.

that's the way it is now, trading cryptocurrencies like Bitcoin only work by transferring the wealth of beginner traders who don't have enough knowledge in trading cryptocurrencies so they are stuck at a loss.
and the lucky ones are those who already have experience and rely on strategies in their trade.

Well that's basically how a market like this works. Weak hands bring good money to those waiting for them to break. And most of the time they break. Though for me it takes more than patience to survive what happens here. Though being impatient takes you closer to getting your money drained quickly.

[Chikitita2004]

I think it depends on what you are holding. If we say it only refers to bitcoin then maybe you are right since bitcoin is proven already since the time it started till the present but not all cryptocurrencies have the same characteristics as that of bitcoin. Many are just like mushrooms or I say a shooting star. Some may have a good price for a short period of time and then no more so holding for a long time doesn't really apply to all cryptocurrencies.

[gowobonyok]

I believe in what I do now that it will develop in the next 2-3 years. I don't want to regret anymore by doing panic sell or out of bounty campaign. I will continue to be patient waiting for him. 

[Bijikopi]

I digress. There are cases in which holding for too long causes an investment to lose its value, and even if bitcoin and crypto has repeatedly rise over several occasions and broke their previous records, how sure are we that the next time around we will be reaping the same amount just like what we had back then? Not that I'm against hodlers, but we can never be sure of crypto and bitcoin holding their value for too long. Diversifying one's investment is still king for financial literacy, as you always have a fail-safe when things get rough. Hodling long-term is okay, but putting all your money in it is not.

investment in a long time has two possibilities, namely to get a profit and the second can get a loss, but in terms of bitcoin investment if we are a long-term investment, the biggest possibility is a big profit in the future. buying and selling, this can trigger the use of currencies that are very global and cannot be pressured by any country, and bitcoin is very likely to become the future currency.

[ricardobs]

It has nothing much to do with patience and impatience. Sometimes having that patience can cause you a lot of harm than you can get from being impatient. So let’s take those that jumped in at the price rate of $19,000 and price started to fall and they still decided to have patience, do you know how much they have lost by now ?

Sometimes you can even invest and there all of sudden, there has a bull run and you will make a huge profit from it.

[maxreish]

Let me add that even if you patiently hold for your coins to go pump, if that coins weren't have potentials, it makes no sense and it will not make you a millionare. The big thing here is to patiently hold some trusted, potentially and established coins like bitcoin and ethereum which was being tested for being a long term investments.

Also, integrating some strategies or making great steps aside from holding will even make you rich unlike doing nothing and waiting for the impossible to happen is like waiting the star to fall.

[munareal]

I have come to learn that the crypto currency marketplace is all about being patient. The crypto currency market place is highly volatile and the value could drop drastically at any time. The impatient will sell to cut their loss while the patient will buy and HOLD . They wait for a good time to sell at a very good profit

[qwertyup23]

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.

Results speak for themselves, I mean bitcoin has shown potentials of earning large amounts of income given that you know what you are doing. Most people that I know invested in bitcoin got their influence heavily from media, which portrayed bitcoin as a guaranteed investment. If you invest without knowing the background, technical analysis, and research, you may end up like 40-50% of the people who lost most of their investment last 2018.

Hodling will always bring out the best results in a market so volatile and prone to manipulation. Principles to reminder: Our tech is revolutionary and there's nothing out there that can compete with us.

I do not fully agree since it all depends on the situation and your investment plan for the term/quarter. If you focus on day trading, you can sell your coins regardless of the small profit margin.

[davinchi]

I have come to learn that the crypto currency marketplace is all about being patient. The crypto currency market place is highly volatile and the value could drop drastically at any time. The impatient will sell to cut their loss while the patient will buy and HOLD . They wait for a good time to sell at a very good profit

This is the only channel the whales pass through to make their money; they already study the weak point of investors and usually use it to collect what they have to enrich themselves. Most people that have panic sold into the hands of these whales has been as a result of impatient, while the whales becomes patient for the market to full grow before they catch out.

If we don’t want to continue to transfer our crypto wealth into the hands of the already rich ones, all we need to work on is patient, because patient will not just come except we work on it and be firm in our decision making too.

[blurryeyed]

**snip**

Why are you deliberately defying a forum ban on Yobit advertising in your profile?

Reported & neg'd.

[AjithBtc]

I believe in what I do now that it will develop in the next 2-3 years. I don't want to regret anymore by doing panic sell or out of bounty campaign. I will continue to be patient waiting for him.  

It really really depends on the coin and a) it's features and b) it's community. If it hasn't got much of a community and there are no efforts to build one, then selling early is the smart move. Otherwise you might end up as a bag holder. For every coin that is worth holding there are about fifty that are not.

Yes, holding of the coins needs to be done upon strong market analysis. Every coin won't be good for long term holding as some used to signs of growth for a short and later it starts to dump. Holding of such coins is not worth, better is to invest on the leading altcoins and have patience. This will give good profit on the investment.

[shield132]

Let me add that even if you patiently hold for your coins to go pump, if that coins weren't have potentials, it makes no sense and it will not make you a millionare. The big thing here is to patiently hold some trusted, potentially and established coins like bitcoin and ethereum which was being tested for being a long term investments.

Also, integrating some strategies or making great steps aside from holding will even make you rich unlike doing nothing and waiting for the impossible to happen is like waiting the star to fall.

Can't agree, when we talk around bitcoin, as time shows, holding it and doing nothing is less risky and far profitable than daily/weekly/monthly trading.
Btw it's not so easy to just hold coins, there are risks and you can't escape from them. News has huge impact on bitcoin's price, for example china bans mining. This news sounds terrifying, no one knows what will it cause, maybe that's the end and better to sell asap? Or maybe market will recover? And if won't recover? There are risks and we all want to get rid of them, that's why we are impatients in holding for long term.

[xvids]

Yes I have known Bitcoin for about 4 years now and I learned a lot.
And now I am taking my chance on holding what I can to get much more profit in the future.
I agree that we really need patient to be success not just in crypto but also in other stuff.

[alyssa85]

Can't agree, when we talk around bitcoin, as time shows, holding it and doing nothing is less risky and far profitable than daily/weekly/monthly trading.
Btw it's not so easy to just hold coins, there are risks and you can't escape from them. News has huge impact on bitcoin's price, for example china bans mining. This news sounds terrifying, no one knows what will it cause, maybe that's the end and better to sell asap? Or maybe market will recover? And if won't recover? There are risks and we all want to get rid of them, that's why we are impatients in holding for long term.

You can always sell an amount to cover your initial investment. That way all you are gambling with is free money and fluctuations due to news and market events don't matter so much.

It really depends on your personal tolerance for risk. Bitcoin is not for the fainthearted because it's extremely volatile.

[daarul50]

Our concern for what will happen in the future makes us decide that cryptocurrency is another option to secure some wealth. Many people think that the decision is a mistake but we have seen the miracle of patience, which is the peak in 2017, where people who think healthy invest their wealth in crypto that at that time nobody expected or hoped the price was as high as when  this. An investment will not fail unless you are exposed to fraud because any item in the form of investment even though it is not worth it at the moment but in the future the item will be far more valuable, as is the investment in cryptocurrency.

[Finestream]

Yes I have known Bitcoin for about 4 years now and I learned a lot.
And now I am taking my chance on holding what I can to get much more profit in the future.
I agree that we really need patient to be success not just in crypto but also in other stuff.

Exactly.Patience would be a good virtue if we want to make huge profits in bitcoin by holding them for several years.Profits most likely will come to those people who are not panic sellers and would stay calm even if the market turns sideways.

[Oilacris]

Our concern for what will happen in the future makes us decide that cryptocurrency is another option to secure some wealth. Many people think that the decision is a mistake but we have seen the miracle of patience, which is the peak in 2017, where people who think healthy invest their wealth in crypto that at that time nobody expected or hoped the price was as high as when  this. An investment will not fail unless you are exposed to fraud because any item in the form of investment even though it is not worth it at the moment but in the future the item will be far more valuable, as is the investment in cryptocurrency.

For those people who got wrecked up the that 2017 ATH will hardly believe once again to make some investment due to fear and lost
of confidence.I cant blame them yet that scenario would really give out that negativity and for those patient who didn't able to sell off
that time will also have that kind of regrets because being patient too much do have also a negative impact.