Be patient and you will be there soon.

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Quote from: CarnagexD on August 16, 2023, 11:26:49 AM

Quote from: taufik123 on August 15, 2023, 02:46:49 AM

Quote from: serjent05 on August 13, 2023, 05:57:46 PM

-snip-
Only people who have enough funds to support their needs and future needs are able to not touch their Bitcoin investment. No matter how talented or patience a trader or investor is, if he came to an incident where he needs a huge amount of money but has no way to get it but sell his holdings can't do anything but sell his holdings at a loss.

Therefore, the initial management of funds used for investment must be carefully considered.
The money used must be money that can afford to lose and will not be used for other needs, even urgent ones.

If an investor still sells his ownership for other urgent needs, then he has failed to become an investor and is not competent with the strategies he applies.
Selling his holdings at a loss will stop the investment that has been built from the beginning unless he will enter again at a lower price.

That's why aside from your investment, or before having a commitment with investments. It is always advisable to have another saving and an emergency funds first. Because you don't know when will be the lowest low of your life will hit you. And when it does, you are prepared. You no longer need to sell your assets or positions. You are more confident to reinvest and no pressure to make money faster and easier because you made your life settled first because making bigger risk with your investments.

Just like in my condition now on which im in the verge or the situation on which im really that struggling because i dont really have any savings that had been set aside for emergency things which i did really struggle out
and this is why it is really that important that you have set aside some of the amounts you are earning into some little portion to savings and the rest would really be put up on investment. Dont go all in which it is really true that there are moments in life on which you would definitely be experience these kind of hardship on which leading you on needing to have some extra funds to begin with or able to resolve it out. This is why it is really that very relevant or really that important on having savings because if you have none then it would really be resulting on taking up some loans which it would really be putting into more trouble knowing that we would be needing to pay up some interest. This is why if you are solely that depending on your investment returns or profits and problems exist on point then you cant really pull out anytime.We know that if the market is really that low then we cant really just able to sell out in loss and its not something that wise on doing so.

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Quote from: taufik123 on August 15, 2023, 02:46:49 AM

Quote from: serjent05 on August 13, 2023, 05:57:46 PM

-snip-
Only people who have enough funds to support their needs and future needs are able to not touch their Bitcoin investment. No matter how talented or patience a trader or investor is, if he came to an incident where he needs a huge amount of money but has no way to get it but sell his holdings can't do anything but sell his holdings at a loss.

Therefore, the initial management of funds used for investment must be carefully considered.
The money used must be money that can afford to lose and will not be used for other needs, even urgent ones.

If an investor still sells his ownership for other urgent needs, then he has failed to become an investor and is not competent with the strategies he applies.
Selling his holdings at a loss will stop the investment that has been built from the beginning unless he will enter again at a lower price.

That's why aside from your investment, or before having a commitment with investments. It is always advisable to have another saving and an emergency funds first. Because you don't know when will be the lowest low of your life will hit you. And when it does, you are prepared. You no longer need to sell your assets or positions. You are more confident to reinvest and no pressure to make money faster and easier because you made your life settled first because making bigger risk with your investments.

ginsan

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Quote from: taufik123 on August 15, 2023, 02:46:49 AM

Therefore, the initial management of funds used for investment must be carefully considered.
The money used must be money that can afford to lose and will not be used for other needs, even urgent ones.

If an investor still sells his ownership for other urgent needs, then he has failed to become an investor and is not competent with the strategies he applies.
Selling his holdings at a loss will stop the investment that has been built from the beginning unless he will enter again at a lower price.

What you convey is quite appropriate because investing using cold money will make the situation more comfortable in the long run. Because we won't be burdened by falling prices because we don't have to sell our holdings. Investing with cold money will also convince us to hold it in the long term because we will be ready to accept this investment under any circumstances if it happens in the future.

As the op said we just need a firmer patience and level of conviction in the investments we make because changing market conditions will bring something bigger to the target we want in our investment. i think BTC will list a new ATH so we just have to relax without having to think about when it will come. In other words buy and hold it will be the right way to achieve success in Bitcoin investment.

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Quote from: serjent05 on August 13, 2023, 05:57:46 PM

-snip-
Only people who have enough funds to support their needs and future needs are able to not touch their Bitcoin investment. No matter how talented or patience a trader or investor is, if he came to an incident where he needs a huge amount of money but has no way to get it but sell his holdings can't do anything but sell his holdings at a loss.

Therefore, the initial management of funds used for investment must be carefully considered.
The money used must be money that can afford to lose and will not be used for other needs, even urgent ones.

If an investor still sells his ownership for other urgent needs, then he has failed to become an investor and is not competent with the strategies he applies.
Selling his holdings at a loss will stop the investment that has been built from the beginning unless he will enter again at a lower price.

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Quote from: landheer on August 13, 2023, 10:34:29 PM

as a btc investor, of course you have to be patient because if you are impatient, of course, it will be potentially difficult to get profits, but for those who are patient, of course it will produce maximum results, and to be honest, I personally will only sell btc above $ 40k.

As long as it's a profit level for you, I don't think it would be wrong for you to sell it when the Bitcoin price is over $40K in the market. But don't ever regret it when you see a Bitcoin price that is much higher than that after you sell it, because usually some people will be very reluctant to buy again at a higher price when they have sold it at a lower price before.

Quote

op you are very lucky because you can buy btc at a price of $20k.

The luck that OP got himself was also inseparable from the courage that was in him in terms of buying Bitcoin at a price of $ 20K and I think that a price of that size will not be seen again this year so OP will only benefit through the efforts he has done before . So you also have to be motivated by this and also don't be afraid to buy and don't ever regret selling it.

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Quote from: Porfirii on August 14, 2023, 05:12:03 AM

Quote from: Fredomago on August 14, 2023, 04:45:49 AM

Quote from: Yamifoud on August 13, 2023, 08:26:58 AM

Quote from: fzkto on August 13, 2023, 06:14:52 AM

The market usually goes against psychology and instincts, which can be called a kind of casino. Remember how many times it was like this when you bought a coin and then the price started to fall. Then you sold at a loss and the price started to rise. So you cannot rely on instincts here. The other thing is when you actually bought at the top when there was hype, in that case it is wise to sell to buy cheaper. But still patience is really the best strategy.

I was not certain if this really happened, it might but not always. Because if you are really true investor, you don't make a decision that makes you lose like selling at a low price while buying it high. In crypto investment or in any form of investment, those can wait only to be rewarded but those who are patient will suffer the consequences. It is about accepting that not all investors are true to their goal, some eventually change as the market changes as well and so only those who can afford to wait will win the prize.

Those who can afford to wait and have that good understanding why they needed to wait will earn good compensations while those who are unsure with how they practice their investment strategy may be shake when something not good is happening inside the market, chances for them to be break out and sell in fear is possible.

It takes time to understand and learn how good anticipation will help. More on taking your good calls while patiently waiting
with how the momentum will favor your side or your position with your trade.

At first sight it may seem that "riding the wave" is easy, but it's not as simple as "buying low and selling high" as these limits are subjective. So it is a good idea to set an objective goal, for instance: -when Bitcoin hits 50k I will be able to pay the credit for the car; or -at 60k I will liquidate half of my mortgage. If the price is met, then you got happy and the goal was achieved. Otherwise, you may think: - I'll wait so I can buy a luxury car, or pay 100% of my mortgage. But then price plummets and you get nothing.

That's why it's better to achieve some real objectives with a percentage of your coins and, with the remaining, you can still dream on a dear life, but with the backs covered.

That's right. But there are some people who bought solana for example for 100-150-200 dollars. It seems to me that patience for such people will only be foolishness. Mistakes sometimes also need to be recognized and corrected, gaining precious experience. Only having mistakes and experience in the cryptocurrency market you can learn to act correctly and make profit.

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Quote from: Zanab247 on July 16, 2023, 02:13:50 PM

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

Patients is indeed a key component in bitcoin investment, this is so because the vast majority almost 100% of the total bitcoin investor have no idea of where the next Bitcoin price is going to be, and what directions the price will take so at that m, we all have to put measures in place to sustain us through whatever outcome the price brings out.

But if you in for a long term base, then you have less to worry since you already at profits since you but in price was 20k and at the moment Bitcoin have recovered long above that buy price, so for that, you have all the motivations to keep holding your Bitcoin and waiting for you set time to make out the profits you desired.

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Quote from: Fredomago on August 14, 2023, 04:45:49 AM

Quote from: Yamifoud on August 13, 2023, 08:26:58 AM

Quote from: fzkto on August 13, 2023, 06:14:52 AM

The market usually goes against psychology and instincts, which can be called a kind of casino. Remember how many times it was like this when you bought a coin and then the price started to fall. Then you sold at a loss and the price started to rise. So you cannot rely on instincts here. The other thing is when you actually bought at the top when there was hype, in that case it is wise to sell to buy cheaper. But still patience is really the best strategy.

I was not certain if this really happened, it might but not always. Because if you are really true investor, you don't make a decision that makes you lose like selling at a low price while buying it high. In crypto investment or in any form of investment, those can wait only to be rewarded but those who are patient will suffer the consequences. It is about accepting that not all investors are true to their goal, some eventually change as the market changes as well and so only those who can afford to wait will win the prize.

Those who can afford to wait and have that good understanding why they needed to wait will earn good compensations while those who are unsure with how they practice their investment strategy may be shake when something not good is happening inside the market, chances for them to be break out and sell in fear is possible.

It takes time to understand and learn how good anticipation will help. More on taking your good calls while patiently waiting
with how the momentum will favor your side or your position with your trade.

At first sight it may seem that "riding the wave" is easy, but it's not as simple as "buying low and selling high" as these limits are subjective. So it is a good idea to set an objective goal, for instance: -when Bitcoin hits 50k I will be able to pay the credit for the car; or -at 60k I will liquidate half of my mortgage. If the price is met, then you got happy and the goal was achieved. Otherwise, you may think: - I'll wait so I can buy a luxury car, or pay 100% of my mortgage. But then price plummets and you get nothing.

That's why it's better to achieve some real objectives with a percentage of your coins and, with the remaining, you can still dream on a dear life, but with the backs covered.

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Quote from: Zanab247 on July 16, 2023, 02:13:50 PM

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

an important reason why we have to set a price target on bitcoin is so that we don't regret it in the future, the price of bitcoin is very volatile, even tomorrow the price of bitcoin could go to $ 40k or even drop to $ 20k.
btw, I have several mbtc that I hold, I have a target price of around $ 80k, why did I choose a target price of $ 100k because I see that market sentiment towards bitcoin is still not very good, there are still many interventions from governments in various countries.
Patience is the key to investment success, no patient person fails, they will always succeed, that is the fruit of patience.

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Quote from: Yamifoud on August 13, 2023, 08:26:58 AM

Quote from: fzkto on August 13, 2023, 06:14:52 AM

The market usually goes against psychology and instincts, which can be called a kind of casino. Remember how many times it was like this when you bought a coin and then the price started to fall. Then you sold at a loss and the price started to rise. So you cannot rely on instincts here. The other thing is when you actually bought at the top when there was hype, in that case it is wise to sell to buy cheaper. But still patience is really the best strategy.

I was not certain if this really happened, it might but not always. Because if you are really true investor, you don't make a decision that makes you lose like selling at a low price while buying it high. In crypto investment or in any form of investment, those can wait only to be rewarded but those who are patient will suffer the consequences. It is about accepting that not all investors are true to their goal, some eventually change as the market changes as well and so only those who can afford to wait will win the prize.

Those who can afford to wait and have that good understanding why they needed to wait will earn good compensations while those who are unsure with how they practice their investment strategy may be shake when something not good is happening inside the market, chances for them to be break out and sell in fear is possible.

It takes time to understand and learn how good anticipation will help. More on taking your good calls while patiently waiting
with how the momentum will favor your side or your position with your trade.

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Quote from: Weawant on August 13, 2023, 07:35:48 AM

Investing in Bitcoin isn't about your emotions or instincts, if you follow only those then you're not investing or trading depending on which you're doing. As an investors all you have to do is to buy and hold. Having patience with your investment is the best way to invest in Bitcoin.

I believe dealing with Bitcoin doesn't have to do with emotions but instinct too. You don't need to follow those two per say, things in the trading sector is some how tricky so I'd say investors need to be careful in whatever way they're using to trade even the patterns that favors them. If you have no patience things won't work well and you'll think that you're not doing the right thing, like they say "the patient dog eat the fattest bone", that's how it is.

Quote

Those that depends on their instincts don't become profitable in a very long run, they can have some few lucks but if you want to become very profitable, you have to be fearful when everyone is bullish and be bullish when everyone is been fearful like in the bear market season.

Well not all but you have to know that luck doesn't come to everyone at the same time, you can be profitable today while the next person won't so even those who doesn't follow their instinct can sometimes run out of luck, bear in mind that you mustn't be on the lucky side at all time.

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as a btc investor, of course you have to be patient because if you are impatient, of course, it will be potentially difficult to get profits, but for those who are patient, of course it will produce maximum results, and to be honest, I personally will only sell btc above $ 40k.

op you are very lucky because you can buy btc at a price of $20k.

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Quote from: taufik123 on August 13, 2023, 04:13:10 PM

Quote from: Yamifoud on August 13, 2023, 08:26:58 AM

I was not certain if this really happened, it might but not always. Because if you are really true investor, you don't make a decision that makes you lose like selling at a low price while buying it high. In crypto investment or in any form of investment, those can wait only to be rewarded but those who are patient will suffer the consequences. It is about accepting that not all investors are true to their goal, some eventually change as the market changes as well and so only those who can afford to wait will win the prize.

The strategy may change and there will be adjustments to the original strategy.
But if they change the strategy by selling at low prices, the decision is certainly a desperate decision and quite panicked by the decline that occurred.

One thing we must make sure of if we invest in Bitcoin for the long term, we must assure ourselves that we have enough funds for our needs. We have a good source of income that will support our family's daily needs so that we won't be forced to sell our Bitcoin investment at a loss.

Quote from: taufik123 on August 13, 2023, 04:13:10 PM

Investors who have been in crypto for a long time will never do that, because it can indeed be detrimental.
It should have good management so that when the price crashes there are funds to buy back, not cut loss.
Those who cannot be patient will not get anything and only losses they can get.

Only people who have enough funds to support their needs and future needs are able to not touch their Bitcoin investment. No matter how talented or patience a trader or investor is, if he came to an incident where he needs a huge amount of money but has no way to get it but sell his holdings can't do anything but sell his holdings at a loss.

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Quote from: Yamifoud on August 13, 2023, 08:26:58 AM

I was not certain if this really happened, it might but not always. Because if you are really true investor, you don't make a decision that makes you lose like selling at a low price while buying it high. In crypto investment or in any form of investment, those can wait only to be rewarded but those who are patient will suffer the consequences. It is about accepting that not all investors are true to their goal, some eventually change as the market changes as well and so only those who can afford to wait will win the prize.

The strategy may change and there will be adjustments to the original strategy.
But if they change the strategy by selling at low prices, the decision is certainly a desperate decision and quite panicked by the decline that occurred.

Investors who have been in crypto for a long time will never do that, because it can indeed be detrimental.
It should have good management so that when the price crashes there are funds to buy back, not cut loss.
Those who cannot be patient will not get anything and only losses they can get.

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Quote from: fzkto on August 13, 2023, 06:14:52 AM

The market usually goes against psychology and instincts, which can be called a kind of casino. Remember how many times it was like this when you bought a coin and then the price started to fall. Then you sold at a loss and the price started to rise. So you cannot rely on instincts here. The other thing is when you actually bought at the top when there was hype, in that case it is wise to sell to buy cheaper. But still patience is really the best strategy.

I was not certain if this really happened, it might but not always. Because if you are really true investor, you don't make a decision that makes you lose like selling at a low price while buying it high. In crypto investment or in any form of investment, those can wait only to be rewarded but those who are patient will suffer the consequences. It is about accepting that not all investors are true to their goal, some eventually change as the market changes as well and so only those who can afford to wait will win the prize.

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Quote from: Sexylizzy2813 on August 13, 2023, 06:08:29 AM

The type of investor that's not patient can also be rich when he or she uses that desperation to sell thinking that the prize might not be in his favor, sometimes we should look at it this way there's no patient and inpatient investors. Is just your instincts, ones you follow it things might be in your favor so I don't think we have type of investor who are successful. Iss just up to us to decide when to pull out or not.

Investing in Bitcoin isn't about your emotions or instincts, if you follow only those then you're not investing or trading depending on which you're doing. As an investors all you have to do is to buy and hold. Having patience with your investment is the best way to invest in Bitcoin.

Those that depends on their instincts don't become profitable in a very long run, they can have some few lucks but if you want to become very profitable, you have to be fearful when everyone is bullish and be bullish when everyone is been fearful like in the bear market season.

During the bear market while Bitcoin is dumping, you have to be accumulating it and you'll get it at a very cheap prices. After accumulating you just have to wait for the bull market and sell them at the price that suits you. You can wait for all time highs and sell all or slowly.

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Quote from: Sexylizzy2813 on August 13, 2023, 06:08:29 AM

Quote from: 19Nov16 on August 07, 2023, 09:08:33 AM

The type of investor who is successful and can be rich is always patient and not panic, as long as there are positive thoughts about Bitcoin, we should not ever be easy to sell even though we have got a profit, I also regret it for selling a lot of bitcoin in 2018 when the price is around $ 8000, If I can hold partially and sell in 2021 when the price is at least $ 56k then many things I can buy now.

The type of investor that's not patient can also be rich when he or she uses that desperation to sell thinking that the prize might not be in his favor, sometimes we should look at it this way there's no patient and inpatient investors. Is just your instincts, ones you follow it things might be in your favor so I don't think we have type of investor who are successful. Iss just up to us to decide when to pull out or not.

The market usually goes against psychology and instincts, which can be called a kind of casino. Remember how many times it was like this when you bought a coin and then the price started to fall. Then you sold at a loss and the price started to rise. So you cannot rely on instincts here. The other thing is when you actually bought at the top when there was hype, in that case it is wise to sell to buy cheaper. But still patience is really the best strategy.

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Quote from: 19Nov16 on August 07, 2023, 09:08:33 AM

The type of investor who is successful and can be rich is always patient and not panic, as long as there are positive thoughts about Bitcoin, we should not ever be easy to sell even though we have got a profit, I also regret it for selling a lot of bitcoin in 2018 when the price is around $ 8000, If I can hold partially and sell in 2021 when the price is at least $ 56k then many things I can buy now.

The type of investor that's not patient can also be rich when he or she uses that desperation to sell thinking that the prize might not be in his favor, sometimes we should look at it this way there's no patient and inpatient investors. Is just your instincts, ones you follow it things might be in your favor so I don't think we have type of investor who are successful. Iss just up to us to decide when to pull out or not.

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Quote from: dunfida on August 10, 2023, 06:53:29 PM

Quote from: Fredomago on August 10, 2023, 10:22:49 AM

Quote from: HONDACD125 on August 09, 2023, 02:41:07 PM

Quote from: ?? on ??

With patience, we will get a lot of profit, the best strategy when we want profit in cryptocurrencies is to be patient, many people are afraid and worry because FUDS on the internet so that they sell with loss conditions, of course this is a mistake because it will make them regret for selling loss .

It is true that those who are consistent in the crypto currency market are always successful. Of course, patience is the best strategy and there are always fluctuations in the crypto currency market, but instead of panicking about the market fluctuations, we should always adopt a hold policy and be patient. Scary news is always coming in the market which causes many people to panic and sell their assets at a loss. Bad news and FUD are always spread under plans so that we sell our assets at a lower price.Fud spreaders buy our assets at cheap prices. So you are right that we always have to be patient to face all these things. So that we can earn a good profit.

Scary and altered news will continue to flow, and it's your good judgement that will going to lead you to keep being patience in order to make some decent profits from your investment, this news can be used to buy more while the price still cheap then hold and wait till you see the bull market then start to decide if you already reach the value that you wanted to take your profits, buy low and sell high can be performed when you have that good patience with you.

If you are that someone who do lack experience and awareness then for sure you would really be having that kind of impulsive approach and reaction on things but on the time that you would really be having that proper
experience and knowledge then you wont really be that impulsive when it comes to things which you could really be able to assess on the things that you must do. It is really just that a matter on what actions you would be making. This market is always or been in default to be volatile and if you are really that someone doesnt have that kind of patience then you would be most likely be making up some bad decisions which would be resulting
into that loss of money or negatives which is something that we dont really like. Try to have that calm approach when it comes to things on which it is really just that right that you should act accordingly on what
you have learned and experience in the past.

That's the reason why you need to be specific as there are always pressures that may cause you to a wrong decision making, it's important to have a clear mind when dealing with your investment, it's not a quick decision thing but more on being calm and patience while waiting for your set targets, though sometimes you need to react quick but from most of the time that move may lead you to a wrong impressions and will possibly cause you regrets once the market starts to bounce back and delivered the target that you originally have in mind but due to volatility you been move by that wrong impressions inside the market.

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Quote from: HONDACD125 on August 09, 2023, 02:41:07 PM

Quote from: ?? on ??

With patience, we will get a lot of profit, the best strategy when we want profit in cryptocurrencies is to be patient, many people are afraid and worry because FUDS on the internet so that they sell with loss conditions, of course this is a mistake because it will make them regret for selling loss .

It is true that those who are consistent in the crypto currency market are always successful. Of course, patience is the best strategy and there are always fluctuations in the crypto currency market, but instead of panicking about the market fluctuations, we should always adopt a hold policy and be patient. Scary news is always coming in the market which causes many people to panic and sell their assets at a loss. Bad news and FUD are always spread under plans so that we sell our assets at a lower price.Fud spreaders buy our assets at cheap prices. So you are right that we always have to be patient to face all these things. So that we can earn a good profit.

I guess when you talk about consistency, I believed that it is about the buying? DCA or any other strategy that you go all year out to stack bitcoin in your wallet. Because it is one of the best way to really become successful here. It's not about the bad news and FUD around, we need to understand that it's part of the market and there are really individuals who are going to throw mud in the market to create fear amongst investors.

But if you deter from listening to it, and just keeps going. Buying when the price is down or even continue to buy even if there is an increased, then it's going to be a win-win situation for everyone.

Topic: Be patient and you will be there soon. (Read 1067 times)