You've probably heard of Warren Buffett, widely considered the best investor of all time.
The thing is, the whole aura around Warren Buffet can be traced to four or five companies, such as Geico and Coca Cola, that he bought and held for a long time.
This has direct applications to crypto.
You see, one thing that I've learned from mega-billionaires like Warren Buffett is, when you buy something, and it goes higher in value, you don't sell it. Instead, you hold on to it, because that's your winner, an investment that will give you the best returns in the long term.
What about "buying low"?
It’s also poor advice. The fact is, it's impossible to know if the price is actually low or high by looking at a price chart. Just because the price was higher in the past doesn't tell you anything about the future.
If you want a brutal example, just consider my story about LBRY, and the way the price kept on crashing — even after I convinced myself it was a great time to buy more.
Not that I’m saying you should look to sell whenever the price drops. Let me explain why, with a second valuable lesson I've learned from other successful investors: