Topic: Do you ever feel tired of waiting? - page 11. (Read 1534 times)

You arent the only one who do feel out such boredom or generating those type of questions on mind on the time that you are seeing that you've been waiting for a while or years already with your current holding. If you've been here on this market for some couple of years or had been able to experience those previous bull run cycle or with those extreme volatility back into those early years then for sure you would really be able to make out some comparison in between their movements on which i could also say that the movement now doesnt turn out to be that interesting anymore. You would be having those thoughts that the market is really that a big
boring now which movements in sideways takes too long before some action do really happen.

For those who had been that waiting for so long then it wont really be that necessary for you to hold up without doing something. You could always allocate a % of your holding and trying out to scalp
with those minimal movements if you do find yourself get bored of waiting. This is what i do actually do on the time that i do have those kind of boredom on which trying out to play
with those price movements and it do really make my emotions been fixed and starting on where i have been trying out to achieve or getting in line with the track that
ive been following for years.

It is true the volatility of bitcoin has gone down compared to the previous cycles, however this is bound to get even worse as times goes by and you will have to find a way to deal with this, in a way what you are going through sounds similar to the feelings those that practiced an extreme sport go through once they stop doing that activity, they feel their life to be kind of dull and they miss the old days in which they did all of that crazy stuff, and if I am honest with you there is not much you can do about it, as bitcoin is not going to change its behavior according to our needs and we are the ones that need to make the adjustments instead, however once the bull run starts and you see the profits coming it is likely you will forget about this for a time.

Honestly, I have no issues waiting for bitcoin to make another all time high. I would of course like it to happen sooner or later but I don't obsess or even think about it (at least not on the regular basis) The thing that changed everything for me was when I decided to deinstall all price tracking apps from my phone and remove CMC/Coingecko from my bookmarks sometimes in the early 2019 during that worst part of bear market when BTC price went very low (iirc 3-4k).

While I had all those things, I was checking BTC God knows how many times per day. It first started out of curiosity and later on it became habit, to check it like 50 times per day which became a serious distraction for me. Once I removed that, it became much easier for me to switch to full on hodl mode.

Holding isn't bad in terms of profits; however, this is actually the best technique to maximize your earnings. Sell during bull periods and repurchase your Bitcoin right after the market crashes. I'm quite positive that Bitcoin will surpass its current ATH, but I'm not that confident regarding the overinflated predictions that speculate its value at over $150.000.
I'm hardly ever checking my wallet or Bitcoin's price anymore; it doesn't change anything. My average acquisition price is approximately $27.500; thus, I'm barely at a loss or profit when it's ranging between $26.000 and $29.000 during the past few months.
I joined this forum in 2014, and I started getting involved with cryptocurrencies somewhere around that time. I had very limited knowledge and purchasing power, though, so nothing ordinary occurred, even though I was here early. Fortunately, I'm yet to need to withdraw money from my Bitcoin earnings from the last 2.5 years that I've been trying to accumulate. Signature campaigns are a blessing and my only source of income at the moment since I'm unemployed, but the current volatility is getting a little frustrating.
Fortunately, I'm not too worried about its price anymore. In 2017 or 2018, I'd get extremely frustrated over Bitcoin's price, which was my largest mistake. The 2018 crash made me quit, had I been active during all these years, things would be quite different now.

You are still thinking of Bitcoin value in terms of fiat. I see the potential value of each Satoshi and I rather gather more Bitcoin rather than go into a panic mode everytime the fiat value of it drops.

But whats better, having 1 Bitcoin when its worth 100k or having 100 BTC when its worth 1k? Although I doubt that Bitcoin will ever go back to 1k USD, I just wanted to make an example. I would rather have more BTC, regardless of todays fiat exchange value.

I think that if more people adopted that kind of mindset, the world would be better.

I know where you're coming from but I never feel tired anymore waiting for the bull run or the right time to sell. I am an impatient person but holding Bitcoin just taught me how to be more patient. Honestly, it had helped me personally on how I look at matters and things on different perspective and to be patient for their results as I want to get the best results for these trials that I've done in the past.

Doing something else and make you busier so that you won't have that focus on just checking the price of it on a daily basis. Even me, I've been checking the prices before from time to time but it's that I realized that nothing will happen and I won't contribute anything from doing that so what I've done is just doing that once in a while.

I never feel tired of Hodling or waiting, I'm in it for the long haul but having said that I dont
or havent Hodled everything from 2017 when I first started, there are things which
have to be bought and paid for and Bitcoin has helped with some of them...

Which also means if I hadnt been patient and Hodled it would have been tougher to
do the above.

Dont forget we are currently in a "quiet" time in this cycle and things could start getting
a bit more exciting!

Waiting for the hold is a very difficult thing in the world, I was holding a token named Biokript (BKPT) because the project was listed on different exchanges after a month. When the price of the token was going up, I was happy and intended to sell but then realized that I was holding it. When the price went down, I had no other Money to buy something because most of my money was invested in that. Then this was frustration for me. When it got listed on exchanges I got too much profit. So, success always comes with holding, by patience.

I understand what you mean and I experienced the same thing in the last few months, we believe Bitcoin will experience a bullrun and will even reach a new ATH in the next few years. However, time feels very slow if we keep monitoring prices, my advice is to keep collecting bitcoins and never look at prices often or keep monitoring your wallet because that will make you tired of waiting.

In the end we must realize that patience and psychology in holding bitcoin are truly tested. We just need time to develop psychology and patience.

Without a plan, you will most likely end up seeing Bitcoin rise to exceed $100,000. You will become greedy and you will now be able to buy a bigger house or more luxury. You see the price rise and you do not sell. Suddenly the price drops like crazy and the fear increases until you reach a point where you sell at levels between $60,000 and $70,000 if the price reaches $140,000 dollars to $180,000.
Creating a rational strategy is the best, and the mind says that the price will be between $70,000 and $100,000. Make your basic plans based on that, and if the price increases, consider it a bonus. You can also ask here whether the peak has been reached or whether we are still far from it.

It is a mistake to consider signature campaigns as the only source of income.

Actually in beginning time when I am entering on this crypto world, I did, I also get face tiredness when the price of Bitcoin didn't want to go up or some time to down.
However, my opinion has changed a lot since then, because Bitcoin is an investment, especially if you are going to hold it for the long term, you must be patient, not only for a year or two, but also for a longer period of time to get a good profit. I now treat it more like a bank fixed deposit.  When we create a fixed deposit in the bank we have to deposit the money for a certain period of time. This is exactly how I use Bitcoin now. And I think this way you can get much better profit than the bank.

You must be an old holder and adopter of BTC; that's why you feel frustrated or tired from waiting for it to thrive. But I am still new to the holding because I did participate in trading a long time ago and still do. But holding is a consistent process, and no matter how much I try, I always have to withdraw some funds to meet expenses from the holding portfolio.

I know I am making a mistake because even though it is my very first time preparing for the halving and trying to make a profit out of it, I should not withdraw funds from the holding portfolio; instead, I should be doing consistent DCA. But that needs a proper job, and I lack that.

But, to be honest, I have been saving some funds for quite some time from the Sig companies, but as you mentioned, the volatility is much lower than before. I also came to realize this now, as I am new and you are old, so you know more about the market.

I hope I will not have to wait more and have to see the unexpected in the market.

Well, I get where you are coming from. Sometimes I wonder when the next ATH will arrive so we all make our profits. But that's shouldn't be your worries mate.the best thing is to stay positive and look ahead for what is coming. As a Bitcoiner, who really has trust in the power of Bitcoin no matter how long it takes, you will surely make your profits when the time comes, you just need to have a little more patience. For now keep up with your campaign and continue accumulating Bitcoin.

When the mean hodl, they simply are telling you to store more Bitcoins for a long time and be patient. That doesn't mean you cannot take some few coins to get something you really want. As long as you have a way of replacing the used Bitcoins, then you can.

I think is only those who doesn't know what they are into will eventually gets tired and if you keep putting hope on bull run it will take time to come closer but whenever you didn't place your mind or even expecting it you see getting closer.
Maybe you don't have to be checking your wallet all times because seeing your assets swing between 25k to $28k always gives you the impression that you can't wait any longer so, it leads to someone to keep panicking over the price. Naturally I pay less attention to price fluctuations and halving because I know it's very closer and we don't need to panic anymore, if I am not mistakenly we have less than 200 days to halving from few post I red here so no need to worry about.

This is not true at all, and there are many who rely on the long-term storage strategy. Among them are those who sold their savings after achieving what they believe was the profit they dreamed of, and among them are those who are still waiting for the appropriate opportunity.
Do you know those who recommend Hoddle but do not follow it? They are people who were forced to sell their investment savings for one reason or another, or people who invested from the beginning in amounts that they need in their daily lives such that they cannot afford to spend a long time. You could say it's something like a state of regret.
In general, Hodel's strategy has proven its effectiveness with Bitcoin, and I believe that a large number of users follow it.

Bitcoin investment needs patient for it to complete a circle which is four years. Anyone that has prepared himself on a long term investment should know that patience is the key to the bull run, or else one will get worried or tired of waiting and can make some drastic decisions. You should be busy stashing up your bitcoin portfolio to pass time so that, you will be able to make good profit during the bull run, because it is based on the size of your portfolio that will determine the profit. A volatile asset like bitcoin is worth waiting for. I am using this opportunity to accumulate more bitcoin now that the price is low so that I can be proud of my profit when the bull run arrives. Life is all about patient same with bitcoin.

Don't believe to anyone claiming they hold, or tell you to hold, that is BS. If you care to think of maximizing your profit then you should have thought of holding just enough for the next bull run and buy again during the bear market. People might trick anyone they come across with to say to hold but in fact they are selling their own crypto. I honestly feel that bitcoin won't be higher than its all time-high, I'm still positive but needs more data to see.

That's part of the market cycle, we're not always on top or bull market, there are phases we need to cross, there are changes we need to adopt, and there are opportunities we need to explore around crypto.

To be honest, I've had this question for quite a while. I keep seeing people claiming to just hold and hold; it'll take one, two, three, or whatever years for the next bull market. However, I'm often wondering: do you ever feel tired of waiting for Bitcoin to thrive? The past few months, or the whole past year—I'm not sure I've lost track of time—have been quite stale. Bitcoin has been ranging between $25.000 and $28.000 for quite a while. The volatility compared to other periods is lower than we're used to, or at least, to what I was used to in the past.

I feel that there isn't too much excitement and this adrenaline feeling anymore; suddenly you'd see Bitcoin climb or crash; you'd be curious when it'd stop, what your next move would be, or simply feel accomplished seeing your money's value grow. Price movements are quite insignificant at this point compared to the huge pumps or dumps that occurred in 2020 or 2021.

Don't get me wrong, I'm not against holding, nor am I getting frustrated, at least not yet; I did it in the past and regretted it, even though my only source of income is signature campaigns. It's just that sometimes you can't stop the thoughts from circling around your head. I generally didn't bother to even look at it's price, but I've recently started feeling a little wearied. Perhaps it has to do with the life-induced stress that I've discussed in a previous thread. Who knows? How do you cope with waiting?