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"It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine — that is, they made no real money out of it. Men who can both be right and sit tight are uncommon." - Jesse Livermore
Real Bitcoiners HODL because it's the smart thing to do. The laws of economics are tilted wildly in our favor, there is no reason to be greedy when you can simply be patient.
#Bitcoin #hodl #freedom
If you are going to trade (or do similarly stupid things) then it is important to limit the amount you put at risk to a very small portion of your savings. There is always a chance the cycle breaks up or down in an unexpected way. The goal is more bitcoin, not more dollars.
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