Topic: Do you ever feel tired of waiting? - page 3. (Read 1540 times)

You are right, I skipped day trading, it is also a form that can make quick profits but to do that you need a lot of knowledge and skills. If you don't have those then your trading will become gambling.

Don't blame gambling because it was also created for entertainment, but we ourselves took advantage of it to make money instead of just for entertainment. I also gamble but have never been addicted or suffered any major losses from it.

Nothing is easy but holding is probably the easiest solution for us to make money.

Bitcoin investing, like any other, demands mental strength to endure volatility. I understand your "boredom" viewpoint. However, investment ideas should be founded on statistics, long-term vision, and thorough study, not emotions or emotional states. Your "cold money" idea is valid. This prevents financial desperation-driven fast decisions when the pressure comes, which it will.

As you said, income diversification is crucial. Bitcoin is risky yet has potential rewards. Putting all your eggs in one basket? Risky move. The idea of not obsessing over market prices is smart, but once a month may be too rare. Regular, non-obsessive monitoring can inform judgments. However, anxiety, fear, and boredom will always lurk. Success in Bitcoin's unpredictable world depends on how you manage them.

I have all the faith in the world that bitcoin is the answer for the future when it comes to means of payment.  I do get tired of waiting because we've seen bitcoin blast off to the moon but it hasn't gone back any time recently and I do fear ab it of the "allurer" of bitcoin wearing off.  The only reason for that is most people who own bitcoin only own it for "profits" and don't realize where it's true value lies.  I'm just not sure we will see a huge moons blast again.

As long as you are not investing with borrowed money and selling some bitcoins to clear your head or make a little profit, I don't think there is anything wrong with selling your bitcoins as long as you are satisfied and it makes you better.

And I also agree with you that holding and waiting is not simple. Holding an asset for 4 years or more is extremely difficult, not as easy as many people say. But we need to know that no success or wealth can come easily, so what we endure is completely worth the reward we will receive.

Day traders make profits every day, but it's not a gamble. I believe the daily time frame is already quite swift when compared to the investment time frame of Bitcoin or stocks. In fact, I see it the other way around with gambling, as gambling isn't something that makes money quickly, but rather something that disguises itself as entertainment while depleting our funds.

Long-term investments are a chill choice, especially for those of us who lean toward laziness. There's no need to keep a daily eye on the market or dive into complex technical analysis. Just understanding the fundamentals and having the belief that the future holds a higher value for your investments is sufficient. Waiting is probably the easiest gig to make money, in my opinion.

Waiting is Key.  Hold

I guess the squeeze during that time just made you quit and I've read a lot of thoughts just as yours that made them quit as well. Well, it's understandable when you thought of it that the bull run was over or when it's the entire thing about Bitcoin. It was still considered new IMO by that time because that ATH was just currently an ATH these days.

That's okay, you're still here despite that and you've got that lesson to remember and just always think of it whenever you're thinking of quitting again when the times comes just like a few years ago. Your reaction today would be more assuring to yourself and the decisions that you'll act on won't be the same as before.

Yes, any investment takes time, not just bitcoin. So it can be said that waiting is part of the investment game, so only those who can wait longer will win and receive a worthy reward. I have not seen any investment or business model that can bring quick profits except gambling.

What if history doesn't repeat itself and bear season lasts longer?


Loss of patience, panic selling...all because of lack of knowledge, if an investor has enough knowledge, they will know how the market operates and will have a specific investment and holding strategy.

Actually, it is not only for Bitcoin investment, any investment requires patient to succeed. It is because an investment will take a long time to succeed, it is different with trading that can earn profits daily. When we invest, we may wait for few years to take profits. But usually the profits from an investment will be quite significant, meanwhile the profits from trading will be rather small (especially for daytrade).

If it is related to bullrun, it is 4 years cycle. We don't need to wait for 6 years.

If we panic before we reach the target, it means we are not ready with the challenges in the investment. FUDs or too many negative news shouldn't be a reason to feel panic if we know well how crypto market works. It is just a small challenge, we just need to ignore any bad news. Those people who feel panic and exit too early, probably have no mentality as strong investors. Also, they may have lack of knowledge and experiences.

No need to "wait for bitcoin to thrive", it's been thriving for years. Even though people may be sick of us being around $28k remember how big of a jump this is back in times when we were hovering around a couple hundred for years. Or back at the start when Bitcoin had no value. If you got in early you'd love the fact that bitcoin is $28k. So for the people that aren't in yet get in now and in a future bull run when Bitcoin is $1 million you'll be looking back at this and be thankful you got in while you had the chance. It could take years for another bull run or it could happen quick but either way I feel like it's a guarantee Bitcoin will continue to grow.

Rewards would really be that depending on how much you had invested on Bitcoin or how big you had accumulated in the past years on which dont expect something big in return if you have just put up some peanuts
and this is where some people been thinking that BItcoin investment could really make them rich on simply doing some hold for long years without even trying out to realize on how many multipliers they would really be to make.This is why its always been that recommendable that we should really be that realistic when it comes to our goals and targets because if we do expect too much or really that optimistic but it doesnt align with the actions we are making then it would really be bringing out a huge disappointment and totally really get frustrated in the end of the line. Tired of waiting? This market would really be involving long time of waiting
specially on bearish market until to bull which we do have that 4 year cycle and if you are a type of person whose really that patience isnt really that long then this market isnt really for you.

Somehow, i do consider myself to be having a long patience type of person but there are really indeed moments that whenever i dont see any significant movement in the market on which it would really be causing for me
to have those kind of feeling of boredom on how the heck this market been doing. You would really be getting tired sometimes which i could say to be a normal reaction for a human being
to have.

OP, you need to find a hobby or focus on living.
I felt like you once, when I had not much to do and I'd watch bitcoin videos for hours every day. Then I started to work on my home and go to bed so tired every day that I'd fall asleep in minutes, without even checking the price. It made waiting for another cycle much easier, believe me.


For some people who live in poverty, living like a king is very different to what the rest of us might understand by it.
To give you an example, I have a friend who lives with his mother in a small apartment and has a 4 square meter room for himself. For him to live like a king would be to rent out a small apartment for himself, have a fridge full of beer and daily quality food delivery to his door. 1k EUR would be enough to achieve that.

Right, maybe what you mean is that there will be huge rewards in the future when we are able to patiently wait for the accumulation of bitcoin, and maybe that doesn't mean it's not difficult because in fact there are like some people who always complain when in the process of waiting for it, obviously for those who are impatient this is a pretty difficult thing to do, even though it is clear that if only they are able to be firm in their planning then there must be an end that will be satisfying.

For an initial process well maybe I think it's natural especially for those for example who are beginners and have never done long-term HODL it will be quite boring, but over time I'm sure they can do it because of course they have seen from some people who have managed to achieve huge profits when they have reached their HODL target, they will be motivated from some who have succeeded. The point is that they must be able to implement good planning and also have strong patience and always be consistent in waiting, that's all if they are sure. 

As you mentioned, it's not difficult to wait for Bitcoin's price to increase because there is nothing to lose while waiting. It's a known fact that, in the end Bitcoin is likely to make a huge profit sooner or later.

I know that it's really hard for some long-term holders to remain patient but those who have already made a huge profits through Bitcoin are typically not perturbed. They knows already that they are not losing anything and they are confident that they will continue to profit in the future.

if we are waiting for the market, we need to keep holding our Bitcoin and don't have to sell no matter how dip the market goes. Bitcoin holding can be very stressful and confusing sometimes so we need to plan for it. This is why it is not good for us to use funds that is supposed to be used for something else to invest in Bitcoin. This might backfire in the future if we don't make proper plans for ourselves. It is good when we invest in Bitcoin with funds that we don't need or we might not need in many years coming so that we can patient hold without any issues or complain at all.

waiting's not even the hardest part of investing in the cryptocurrency world, let alone bitcoin. I don't get tired of waiting especially since I time my buys and I don't just hold without a care in the world (not that holding and buying cryptocurrencies now is a bad thing, it's all a matter of preference really.) Waiting for the bull run to arrive is the easiest part of the whole calabash, you don't have to time things, you don't have to wrack your brains out wondering if you've bought enough, you don't need to go back and study shit just to maximize your profit potential. So if you're getting tired of waiting you gotta do something about it, make use of the time you're idly waiting for while bitcoin is gaining momentum.

It's true that sometimes it's hard to be patient when investing in bitcoin, but usually people don't have patience because they make bitcoin investing their full time in life, they only rely on investment without other work. This makes him wait a long time to achieve his target or he only relies on profits from investments to meet his daily needs.

Learning to be patient has no definite theory or formula, but we can learn from the history of Bitcoin and people who have successfully gone through this. Indeed, many say investing is boring because you have to wait a long time, but believe me, with patience we will achieve success in the future.

The point of investment is to seek profit. Whether long term or short term, the important thing is profit. Everyone's investment style is also different. Some people trade or invest. There is nothing wrong as long as you have patience and mentality.

Any one that is coming to invest in bitcoin must have that patient mindset so they would not get the disappointment, bitcoin is not something you invest today and expect return tomorrow. So they have to wait for the bull time to come even if it is 6 years. Panicking on the middle of the investment and sell all which some members have done it before will be a very big mistake by them and they will come back and create thread for their regret. Op yes it is better to wait than sell them in the half way. Which I might even lose out. And according to a common saying that, "the patient dog eat the fattest bone". But I don't know if that kind dog is still existing

Feeling tired of waiting for something is like waiting for the price of bitcoin to rise. It is certain that most bitcoin investors have felt bored with this. But in my personal opinion, feeling bored waiting for Bitcoin prices to rise is normal. Because waiting means there is definitely a possibility of getting bored. So this is where we as bitcoin investors will be tested. Do you have to continue to survive and be strong in holding bitcoin until the desired price, or sell it at any profit. Therefore, when investing in bitcoin, it is highly recommended to use cold hard capital. Actually, this is all because it is useful for reducing boredom while waiting for the price of bitcoin to rise. Because if you use cold money to invest in Bitcoin, your mentality will be calmer and more controlled. In contrast to using hot capital, it will definitely trigger more mental and inner unrest.

So in my personal opinion, to reduce boredom or impatience when waiting for the price of bitcoin to rise, that is by using capital with cold money when investing. Apart from that, other income is needed while waiting for the desired bitcoin price to be reached. Because investments definitely take a long time to gain profits, including bitcoin investments. Therefore, other income is really needed here so that life and finances are more normal. And finally, my advice is not to remember your Bitcoin investments too often and not to look at market prices too often. Just look at the market at least once a month. Because from my personal experience, to be honest, if you watch the market often it will affect your psychology and will ultimately cause feelings of anxiety, fear and boredom.

It is a big mistake...I understand their courage to invest in Bitcoin but that is not the right way as we can't assure that the next day we can earn a profit already. So, what next to happen is that they will sell them in order to pay their debt.
Waiting is not a simple thing to do, not all can do that really. As I observed, those people who solely rely on Bitcoin seem to be the ones who can't make it.
Of course, I feel tired as well so I am selling some. Maybe it was wrong but for me, it was the best thing to do rather than making myself stressed.