The market moves money from those who rush to those who wait

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lonewhaleSenior Member
Posts: 328 · Reputation: 1624
#1Apr 18, 2019, 03:21 PM
Warren Buffett once said, "The stock market is a device for transferring money from the impatient to the patient". I really think this applies even more to the crypto space because: 1) Each cryptocurrency has a clear fundamental value that relies on its popularity and acceptance, which is pretty much public knowledge. Unlike stocks, where the value is often hidden behind closed doors. 2) Anyone can grab cryptocurrencies for free through faucets like freebitco.in or fairmillions.com. Tell me, where do we find stock faucets? 3) You can hold cryptocurrencies (kind of) anonymously, which gives you a lot of freedom in managing your assets. Your info is your asset. 4) The price swings in crypto are way crazier than in most other assets. There are way larger discrepancies between what is undervalued and overvalued in crypto.
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