Patience Beats Any Market by kyriacos

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· @kyriacos ·
$40.03
Patience Beats Any Market
<p><div class="pull-right">
   <img src="https://steemitimages.com/DQmNoHSA8Jm6MuCtJAbvcoMzVRK9PNsR9TZQwyh3DP8vP6Q/inner%20peace.jpg">
   <center><a href="https://steemitimages.com/DQmNoHSA8Jm6MuCtJAbvcoMzVRK9PNsR9TZQwyh3DP8vP6Q/inner%20peace.jpg"><sub>How most people get caught up into their own crap</sub></a></center></div></p>

<p>Over the years I have noticed many trying to beat the market. Those who mostly succeed are the insiders aka those who have privileged information about information that nobody has. In all likelihood you are not  such a person and you have to rely on rumour β€”Β or worse β€” meme lines (aka technical analysis). Unfortunately not even those work unless we are talking about some pretty clear indications such as parabolic moves and other pump and dump schemes. </p>

<p>One of my favourite authors on the subject is Nassim Taleb and his books "The Black Swan" and "Fooled By Randomness". The summary of these books is that the world is way to chaotic and trying to guess or predict the future based on some indications from the past is erroneous. When it comes to hypothetical success in regards to investments he speculates the following:</p>

<p>1 year,  93%,</p>
<p>3 months 77%</p>
<p>1 month, 67%</p>
<p>1 day - 54%</p>
<p>1 hour  - 51.3%</p>
<p>1 minute - 50.17%</p>
<p>1 second - 50.02%</p>

<p>Notice how the longer you wait the more chances you have to have a great return on your investment. This is how and why HODLing is so successful if you happen to keep your emotions at bay. This is how many people have beat the market by knowing absolutely nothing about the market. </p>
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<center>https://news.bitcoin.com/wp-content/uploads/2017/06/DBJ_EqwXkAARtPm.jpg</center>
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<p>The reason why many people fail with investing is that they observe the fluctuations in their portfolio on a daily basis. Tools like Blockfolio literally spread havoc to most people once they see the read lines. Rarely people observe the long-term returns because we are designed as such by evolution. We want the quick release, the quick fix not the delayed gratification.</p> 
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<center>https://news.bitcoin.com/wp-content/uploads/2017/06/DDGPy6XXgAA-GvB.png</center>
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<p>We are not designed to understand numbers or statistics. Most people (if not all) are better off checking their portfolio once a month and trades even less. The more information we get on the frequent fluctuations the more emotionally invested we get, loosing touch with what we have and how we should continue with our game. We can't control our emotions in the markets. This is how and why most people, even if they paint on their wall "Sell high, buy low" will do the exact opposite when the going gets tough. </p>
</p>
<center>https://steemitimages.com/0x0/http://iphonescreenrepairtampa.com/wp-content/uploads/2012/04/fancyline600png1.png</center>
<p>We cannot change who we are. Even if we have great control there are some things that we can never be independent from our nature. The best we can do is free ourselves from the things that push us into making investing mistakes such as updating ups or chasing everyday news about the market. Do some studying, invest, and check back in a year or so. I can almost guarantee you that wil the a healthy spread in your investment you will better off than most pro-traders. 
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πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 37 others
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vote details (101)
@hedge-x ·
This is the best investment advice!
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@methusaleh ·
Good advice though I can look at my blockfolio 30 times a day and feel nothing - well I feel bored if its not doing much I guess tbh. 

The issue isn't the numbers so much as the meaning we make of them - "holy shit I could buy a meal / car / house / yacht / whatever with that!!" That is what screws people up. Don't ascribe the meaning don't have the problem. These things are daydreams (until you cash out anyway) and daydreaming is a choice.

Remember its all bullshit and life is a circus and you should be fine. Well, it  works for me anyway
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@kingsberry ·
Very good post @kyriacos
This post included investment project..
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@braxton101 ·
That bitcoin info graphic was really funny.
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@cookiekush ·
Totally agree. when i first started trading i thought i coul'd be a day trader but ya things didn't turn out so well and i just kept losing money. After i shifted to a more investing type or trading strategy my returns were significantly better. I barely even look at the markets anymore. i Just set a stop loss and a sell order and wait for it to hit one or the other.
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@exxplorer ·
Nice. I like the idea of doing less and have better results, while not being stressed out so much.
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@leaky20 ·
I completely agree with the HODL strategy, especially if you are not an experienced trader. Trying to time the market and guess what projects are going to take off in the short term is very risky. 

Something to consider as well is that traders thrive in volatility, so it may be in their interest to hype projects or put out FUD in order to create major fluctuations. Crypto is an unregulated market as well, so it is highly susceptible to market manipulation by "whales." You can minimize risk by buying value not NEWS. Investing in what you see value in is a good long term strategy.
In stocks, its not uncommon for influential people to hype up a particular stock that they invested in early and then to sell that stock shortly after the hyped NEWS sends it to the moon. It would be naive to think that this sort of behavior didn't happen in the crypto world as well.  

On another note, I thought the Lemur in the picture was trying to raise the nails out of the wood with its mind like a JEDI haha.
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@loshcat ·
HODL all the way, it truly is kinda difficult when you pop some money into a coin, then see several red candles in a row. The trick, at least for me, is trying not  to get hyped or focus on one investment, just be confident that you made good research and diversify. I do still stare at the charts a bit too long though, never givin up that day trading dream.
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@slefesteem ·
@kyriacos AGgreed!
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@spectrumecons ·
Thanks for the advice @kyriacos. Combine patience with a nicely diversified portfolio and more often than not you should be better off a couple of years down the road. On top of that, being patient is less stressful and time consuming.
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@ravikumar11000 ·
Its Nice Post.

Thanks,
πŸ‘  
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vote details (1)
@thatguymatt ·
We have it made with investing in the stock market - contributing monthly to a Vanguard index fund will give you better results than most traders and managed funds.  

Crypto seems to be a bit more difficult, and it's still so speculative.  I have seen more discussions about portfolios and asset allocations in the last couple months, which is a good sign that a lot of people are looking at crypto as a way to invest in projects/companies, not necessarily to get rich quick.
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@akkha ·
Great one ! 
Nice selection . 
The second image is really funny !!
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@osopapa ·
Warren Buffet said: "The stock market is a device for transferring money from the impatient to the patient."
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@tomcarpenter ·
$0.05
Good info @kyriacos A lot like Warren Buffett.  Buy and Hold strategy.  Pick the time to buy, because that is when you make the money, not when you sell.
πŸ‘  , ,
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vote details (3)
@justcyberpunk ·
I really like the way you see the market and your citation, it's make me change my vision and i hope the way i react.
Thank you @kyriacos, i follow you now :)
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