Applying the Buffett definition of stocks in the crypto market. - Crypto philosophy.

The definition checks out. Have you ever met a successful impatient trader? I am guessing not. It is tediously difficult to be on the profits lounge when you are too busy looking for the snacks bar at the crypto airport. The definition I am thinking of is W. Buffett's take on the stock market.

"The stock market is a device for transferring money from the impatient to the patient."

-Warren Buffett

The guy is a long-term investor. He has openly shared that his favorite holding period is forever. I have readen parts of his biography, and I am certain there is no way anyone can build their own retirement plan, empire, or anything Buffett has by copying everything he did step by step. The man was in perfect shape for his time - and that time is gone.

Buffett has, however, gained an incredible insight at investments. An insight that usually arrives after losing the troubles of life or rather having enough money to solve them. These insights are evergreen. Albeit you may not be able to copy his moves, you can always use those insights to develop a working investment plan and the right mindset that it requires.

I have been looking at different takes on investments. I personally like reading about Buffett simply because there was a time I was once CFDing his babies. I probably have CFD'd almost every stock he owns, runs, or traded. Recently I have turned my focus on crypto and much like the past, I am still trying to implement some of his knowledge when trading crypto.

The idea of both the stock market and crypto market sharing the same definition is not very offputting. I tend to think it's a perfect fit. In both scenarios, fear and greed play a massive role in impacting decision-making. Strong hands, diamond hands, or whatsoever you want to name it, all are simply the results of patient or impatient decision making and usually a little bit of fear and greed involved in them.

In either scenario, if you have your hands dipped in a quality name, that either has good potential or a good track record, there shouldn't be much reason to let your investment dry out and taken out. Every market has its dry spells and if given into, you will find yourself exiting at par or loss and hunting for a different option when they have already passed their peak or are at their peak.

The more you tend to jump in or get out at every move of the market, the more you are likely to heighten the losses. There was another thing that Buffett mentioned which stills sticks to me - it was something along the lines of not looking at your portfolio and investment. It makes holding that much easier. If you create scenarios for yourself to make moves, you are eventually simply transferring money to the more patient hands compared to your impatient ones.

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