So far, my crypto trading experience spans a matter of months, so I'm still a cryptotoddler at this point. The below quote is something I desperately need to practice, and I think I'm getting better. ;-)
This is a lesson I'm still learning...
So far, my crypto trading experience spans a matter of months, so I'm still a cryptotoddler at this point. The below quote is something I desperately need to practice, and I think I'm getting better. ;-)
Very insightful words.
And remember: Don't have all your eggs in one basket
Unless your basket is MyEtherWallet and all your eggs are different ;)
Good point. I would still recommend diversifying wallets too!
Time preference is a too-little-understood concept.
Oh, I love that quote. So true!
That is a great quote, and it is true of many things - investing of course being one important one. I would personally like a time machine so I could go back 30 years and do things much differently!
Totally agree. I've given up on day-trading and trying to make the fast buck. Instead, im investing in coins that, to me, appear to have a good real-world application and potential to make a difference. Don't mean to shill, but, Matryx, Enigma and Decentraland a 3 of my faves right now.
Exactly. I mean, if I see a significant dip, I'll buy it if I can, but day trading doesn't like me very much.
yeah, nor me. I see people making money one day on it, but then you know they are often keeping quiet about the money they are losing the very next day. I lost too much on NEO and OK cash. It was too disappointing. Now I just put my coins in a wallet and forget about them.
Right on target !!! :)
i wonder if there's someone still holding $2 bitcoins from 2011.
Oh I'm sure there is. But I'm sure there are a lot MORE people kicking themselves for not being that guy. LOL
This advice transfers so well to crypto , too bad Buffet doesnt understand bitcoin and thinks its a just a bubble
Exactly. It was similar in photography, of all places. Back when things began really shifting over to digital, the big film people - people who were incredibly successful at it - really took a stand against digital, saying it was a mockery of the industry, that it'd never compete with the image quality of film, and no one would want to buy printed digital photos because they're ugly. Those people found not very long after that, they were either going to have to adapt or retire.
Great Quote. I'm sure the same applies to cryptocurrencies.