Topic: Patience is power - page 2. (Read 1541 times)

There are so many good information we can get here without paying for it or having to make researches before we get close.
This is like a family and we must be ready to research for information that would always be of help to us especially those that are interested in investing or holding Bitcoin. The forum is big enough and it's a place we could gain knowledge from reading different posts.
There are many things we could do to make sure that we don't lack information and the places we could get good information are numerous and Bitcointalk is among.

Investing during the bear market is what every investor should do because that is the only way we can make a huge profit from our investment. It will make no sense if we invest at ATH by then the price of that coin will be too high and even if you buy by that time you will hodl for a very long period of time, so it is better to invest during the bear market so when the bull arrives everybody will be smiling. However, we should not invest in any coin we see in the market as there are some coins that do not have the potential to last in the market. Some of them may disappear while others may not give us the result we want even if they exist.

Indeed, the price when you bought the coins (entry) will have a big role to determine the success in crypto investment. If you bought the coins at at the bottom price, it will be easier to take profits as much as possible. Meanwhile if you bought the coins at expensive prices, it becomes harder to get profits because the chance to increase significantly may be rather small.

However, there are other things that may determine the success. How we set the selling price (exit) and how the potential of the coins are 2 matters that also give the contribution to support the success. If we set a too high target, we may fail to sell the coins. And if we buy the wrong coins, it also can cause the failure although we are very patience people.

For experienced people, they won't care about the FUDs. When it is in the 1-2 years after the bullish season, the price must drop very significantly. They must be aware that it is the best time to buy coins. Almost all the coins have increased their prices very well, people who bought in 2022-2023 must feel happy now. 

Yes that's right, sometimes grasping too long is also not the right thing except for bitcoin in my opinion which is targeted for retirement funds, it might not be a problem because we believe in bitcoin. And in altcoins we do need to see and pay attention to how it develops because that will make why you have to hold on longer or leave as a holder or throw things after making a profit. This is not easy for anyone, but it does need to be done if you want to be a smart investor, being too fanatical is also not a good thing for something that is not easy for us to predict in the future what it will be like, this will go back to each risk profile if based on the scenario described.

Patience does have a significant influence, in various ways. including according to this post, whether it is related to patience to read more previous posts, patience in holding, and also patience in trading. Because it's not just holding that requires extra patience, but also in trading, patience is one of the key factors. However, this is one of the key factors, it's not just patience that is needed, and there are several other key factors that also have an influence.

Bitcoin, no doubt and no wonder.
We already understand the results of patience from holding Bitcoin, there is no need to doubt it. If we really understand Bitcoin, and how its cycles are, then BTC is the most important for holding.

Meanwhile, for altcoins, there are probably a few altcoins that are really worth holding and giving us full patience with these coins. but indeed, the trust will not be complete when holding BTC. There are several altcoins that are quite convincing and have potential, especially if we look at the top coins currently available and how they are developing. As long as it's not hype coins, then it will be much more popular. But, never rely on holding new altcoins or especially hype coins, because that will only make us miss the right moment to take profits.

Being patient is beneficial because it enables people to bide their time until profitable possibilities present themselves. Patience pays off in the cryptocurrency space because it allows investors to take advantage of favorable market conditions. But it's important to understand that too much patience can sometimes result in lost chances. Not every circumstance calls for patience; there are occasions when taking quick, decisive action is wiser. When choosing when to use patience, discernment is essential.

It might not be a good idea to hold onto every coins, particularly if some of them have little value or room to expand. In these situations, waiting around could make you lose money, much like when you lose money when like the way you are losing when trading. As a result, it's wise to proceed cautiously and to invest only in assets like Bitcoin that have a solid track record and bright future. People can successfully manage their investment plans and traverse the bitcoin market by making well-informed decisions on whether to act and when to exercise patience.

Therefore, don't get too FOMO about prices that are getting higher, especially if you buy Bitcoin at the ATH price of $70,000, that is the current peak price. Holders are always winners, but when they don't know what price to enter and what price to leave, then they need to learn to do that. maximize how to become a Holder that can provide profits and not wait too long to take advantage. Becoming a holder is not easy, it requires good knowledge and good management too.

I agree with you,in my own opinion I think becoming a Long term holder is very good sometimes, let me use my friend as example. this friend of my invested in bitcoin from the early stage, and he was patient enough to reserve it till this time he profited so much in bitcoin investment,as a result of being patient.however patient is very important in terms of making investment you need to hold on for some time if you want your profit to be massive,but before making a Long term investment you need to look for a profiting coin to invest, so that there won't be any lose.

  Before you make any move on anything whatsoever, you need to know what you are getting yourself so has to know the risk associated with it. The interesting thing about  business and investment is that you can’t predict it out come, I suggest that never giving up is the secret to business success. Many people think that success comes overnight and it really doesn’t - there will always be ups and downs; success and failure and if you can appreciate that each time there is a failure you are one step closer to success. Success is a direct output of your patience. People with patience are usually cool and calm as they know that eventually they will get what they deserve. Also, such people do not measure their progress towards goal everyday and it again helps them to enjoy what they are doing. Patient people are more decisive too. Do not think that being patient is equal to being lazy or lose. Far from it, in fact people with patience keep on doing the daily tasks rigorously and wait for their time. Often patience boils from trust - trust on one's own ability or trust on the supreme power.
  Patience, with persistence and practice, is the key. If you have no patience and you haven’t made it yet, then you fail. Everything has its time. Not necessarily when you want it, but when “it” decides. There is a saying and I have found it to be very true, “Timing is everything.” All the stars and planets and moons have to get to the right positions or your success might not be all that wonderful. What is that exact point of success? Think of everyday that you have made some progress as a small success. For you to feel successful, others need to also feel your success, and everyone is on their own schedule. It takes a lot of timing for it to all come together. You have to become one with that which you seek.

Patience or anyone who has a strong hand is one of the factors for success when in the world of Crypto, but sometimes patience can also cause losses. I mean, if we want to hold coins in the long term then don't choose the wrong coin to hold because not all coins on the market can survive in the long term, it's just that some coins have strong fundamentals so they have the opportunity to provide big profits in the future . So in my personal opinion, it's not just patience that we need to apply, but we also need to have massive understanding when we want to profit from Cryptocurrency.

Bitcoin is very volatile which you can't predict it, for one to be able to succeed in investing bitcoin, it is very necessary for one to learn how to have patience while investing in Bitcoin.  Patience is the reason why one can be able to able to hodl bitcoin till the the bull season.  Sometimes the reason why it is so difficult for some people to have patience why investing in Bitcoin is because they lack understanding.  It I impossible for one who don't have good understanding of bitcoin to have patience for the volatility of market.  You can only have patience on things that are well understood,  beginners need to learn and understand bitcoin well, understanding it can easily make to have patience.

I agree with you. Becoming a long-term holder will give you an advantage because you don't have to read charts and understand technical analysis related to crypto trading. You can also get returns of up to hundreds of percent if you get good coins. But to become a long-term holder you also need some preparations, such as using your cold money to invest. And even if you are a long-term holder, still pay attention to current and future trends and narratives. Because there are some coins that become useless when held for the long term due to outdated narratives. Examples are Metaverse narratives such as Sand, Mana and Axie which are still at the bottom today.

I highly recommend BTC, but the case is different with Altcoins, it really depends on the quality of the project and the response of investors in the market and if we want to speculate with our money on unknown projects other than BTC, never put our money in just one bag, split it into several coins so that we can save money if one of them is a scam or drops sharply.

In the Crypto World, many people lose in trading and many people are trapped by advertisements for new projects without knowing the quality of the project, so they immediately buy it. I also hope that in 2024 this can be minimized and that it will not continue to happen over and over again.

If I'm being asked the reason why I love this forum? It's because of its resourceful nature. If you come to this forum with your problem related to crypto you'll definitely find someone who can break everything down for you to comprehend properly, and that is why we should ask questions when we don't understand some certain things instead of concluding and giving up. Holding has always been my thing, since I joined this Bitcoin forum and started accumulating. I prefer to borrow than using from my Bitcoin I have accumulated.

for you to make a profit any of your cryptocurrency investment you have to exercise a much patient knowing that it is you are Endurance that will make you to profit in your cryptocurrency investment especially Bitcoin many people have experience loss during cryptocurrency investment especially Bitcoin because of impatient during their time of investment, so I believe that you have to exercise a patient in any of your investment you will venture into especially bitcoin investment that will help you to make a profit huge profit in that matter.

Holders are winners, but it also depends on what price you buy a coin at, if you buy a coin at an over-valued price then you will experience a price drop, for example, if you buy at ATH then you have to be more patient waiting until it passes the price you have bought on one coin.

But people who buy when the season is bad like at prices in 2022 and 2023 you will be paid today in several altcoin projects such as solana, ethereum and others that have value in the project, but it's just that it was very difficult for anyone who felt it with FUD and market crashes and you have to be patient at that time to get victory when the bullrun arrives. Don't trade too much if you don't understand trading, it's better to hodl and wait. Bitcoin always finds its way and gives hope to those who survive with decent profits.

It is true that patience is key for many good things in your life, and it is especially clear now that we see see the effects of the culture of the immediate in children that aren't being educated in a way they can develop that virtue.

But too much patience can be dangerous too if you take into account that time is a very scarce resource in our lives. In the case of the OP and every trader who decided to hodl for the long run instead of continue doing the same they were used to, but it could've worked the other way too, and then you'd have lost 4-8 years waiting, instead of liquidating and employing that money elsewhere.

Of course, when in doubt, better be patient, but I wanted to share this different point of view with you.

Patience is one of the most important attributes that we can think of. It is so essential that when you operate some system, you won't have a choice but having patience is not something that is learned it is already a part of us. It is just for us to bring it and exhibit it.  and it is a development program that we all have to go through. Even when trading or holding, you need to exercise patience to get truly profitable.

When bitcoin prices drop, a lot of people panic and do not want to be patient. Before you know it, they are already selling the decimals they have just because they can wait, and that is why many of them are not making money from Bitcoin because, immediately after the price is down, they are already selling, and that is not a good way to do business. especially when you want to do Bitcoin. The fact that you can not predict anything makes it interesting and if you have sold the one you have, then there is nothing else for you. If you are not the patient type, then I think you should look for something else to do with your time.

Patience as been a tools that had been helping me to achieve things I have in mind with ability to get that done with time.
We all need to be patience no matter the kind of dream that we have. We can achieve anything we want to achieve with time that is why we need to be patient and keep doing what we need to do to keep growing. Everything would just look like a space of time and with hard work and smart work one can achieve anytime with a spece of time.

Holding is better and less risky for crypto beginners than engaging in trading, but I don't advise you to leave one for the other, trading can make you a whole lot of money too, the longer you remain a trader the more you will be good at it, so don't leave trading, keep holding your favorite digital assets but also keep improving your trading skills.

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Trading is harder and time-consuming, but you can skip all the stressful parts and go for better trading tools instead of trying to do everything yourself, there are tools for buying and selling online, it will cost you some money but it will also pay off.

Nothing comes easily, to even be a successful crypto holder you must know where to invest your money and this doesn't just happen, you need to know how to pick good crypto projects, which is also risky, but it should be easier than trading for anyone serious about knowing how to identify a good project out of dozens of other bad projects.