Maybe it’s a little more than 10% in crypto of people who make it big, than vs. forex, but I sure believed I was going to be hella rich by having a rapid-fire trading mentality, and yet my holdings kept fluctuating between large and small (20,000 to 1,000 dollars), seemingly solely because of the mindset I had, which was to be active and play the fun game or whatever. Maybe I could’ve kept on going and had way more than I have now, but principally, as soon as I settled down in MAID 99%-forever (with one silly trade here and there), I made steady gains greater than anything previously.
Ever since crypto went from $1B market cap to $75B, it’s been a, well, quite high raise for me. I assume that’s from having a “hold hold hold” mindset… I mean, would it even be possible to “rapid-fire” trade during $1B-$75B and make any money? I guess, if you did trade during that spike, there would be a variance (a low-to-high one) of wins or losses compared to strictly holding ‘one coin’ during that spike. Like e.g. if you traded from MAID to a coin that didn’t have as much of a rise, you would still make quite a bit of money, but not as much as if you had stayed in MAID. And if you traded from MAID to, well, Ethereum, you would have a lot more money. But then, who knows if you would have stayed in Ethereum, since you would be in that rapid-fire, gambling mentality. It’s only those who believed in Ethereum to a MAID-like extent that have made off with a massive amount… even more so if there are Bitcoin-only decade-long purists out there.
With MAID, it’s the long haul. Though, various detractors I have come across (or semi-disinterested folk) like to call it “the long con” instead. (Well, only one person, and she was joking… well, half-joking… or 15%-joking, since “the long con” is a phrase used by a jokester that we know whom she loves to mimic; but she also expressed serious skepticism of claims, etc., at other times. Anyway, she’s not even into the crypto scene [oddly, considering she knows more programming/computer stuff—than me, who becomes paralyzed by programming], but I just thought it was a funny phrase… mostly. Obviously I believe in the safe net to no ends, but there’s always that maybe slightly valid counterpoint out there for-pure-consideration, even if I know it to be untrue/false.)