Do you have patience to count from 1 to 100?

Almasani

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Quote from: ARTURVH on July 20, 2021, 10:19:43 PM

Now there are three questions in America. 1. The sluggish economy 2. High inflation 3. The outbreak of the epidemic.
Dow plunges nearly 900 points on July 19 2021.Bitcoin drops back below $30,000 yesterday.
All are disappointing signs. Many investors plan to sell Bitcoin.Most people lose patienceIn for cryptocurrency.
But In long-term trading, in addition to knowledge, patience is more important than any other factor.How do u think of it?

There are times for crypto to be pumped up, and times for crypto to be dumped, and big investors are back investing in gold and real estate. At least we already have a little experience from year to year about crypto investing. Even if investors will sell all crypto assets, they will also come back to buy them in the next years.

Kimonoe

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Quote from: gwdf1 on August 19, 2021, 12:09:35 AM

When you invest and save money patience is the most important thing that you need. You should always keep in mind that only time will give you profit, so just buy mainstream currencies and hold them. Also it is a good strategy to average a price. It means that if you bought Ethereum in 3000$ and then it drops to 2000$ you can buy more and your average price will be between these two levels.

good analogy where the average price drops when we buy back. that way we have to prepare a strategy not to spend capital to buy at one price, but we can break it down into 2 or 3 buying stages, and after that we just wait for the price to rise, without panic selling

gwdf1

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When you invest and save money patience is the most important thing that you need. You should always keep in mind that only time will give you profit, so just buy mainstream currencies and hold them. Also it is a good strategy to average a price. It means that if you bought Ethereum in 3000$ and then it drops to 2000$ you can buy more and your average price will be between these two levels.

llecrf

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Quote from: ARTURVH on July 20, 2021, 10:19:43 PM

Now there are three questions in America. 1. The sluggish economy 2. High inflation 3. The outbreak of the epidemic.
Dow plunges nearly 900 points on July 19 2021.Bitcoin drops back below $30,000 yesterday.
All are disappointing signs. Many investors plan to sell Bitcoin.Most people lose patienceIn for cryptocurrency.
But In long-term trading, in addition to knowledge, patience is more important than any other factor.How do u think of it?

Hodl is a good choice if you hold coins that have a market cap of over $1 billion.
Currently, many countries are experiencing a recession but are still patient in dealing with the situation when the COVID-19 outbreak has not ended because it can disrupt the economic system.
For now, patience will be an option when the market situation is down trending, you can look at the Bitcoin chart for the 200 MA then the price will return and will always reach a new ATH when Bitcoin has done the Bitcoin Halving

livingfree

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Quote from: Pamadar on August 18, 2021, 01:24:27 PM

Quote from: livingfree on August 18, 2021, 12:12:24 PM

Quote from: yananda on August 18, 2021, 08:26:23 AM

Mentally you have to be prepared, most important thing is that the accumulation continues to make a profit even though isn't too much but consistent then the results will be big

People forget about accumulation because with every purchase and little that they do.

They think that it's nothing compare to what those investors that have bought a lot and did it a few times. I agree as long as there's consistency, that's the most important matter if you're patient in this market.

And you have the plan of going long.

Having a positive mentality will give you good space to find time to think.

Decisioning without thinking will only lead you to lose your money, and besides, better to study and learn first before taking your step in this kind of business, Most of those who keep losing are people who don't have the patience and knowledge with what they are doing. It's a must make sure that you are doing your job researching and studying the flow and you can assess what's the right thing to do next.

Those people that have been accumulating, they have studied well about the market and the coin that they're accumulating.

As a perfect example of bitcoin, everyone knows that it's the best cryptocurrency that we have in the market and it's going to last and that's for sure. Anyone that has studied and learned from the past about bitcoin reaching new all time highs, knows the importance of accumulation.

Despite there are some dips, those pumps are still greater than those.

Cornia

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Patience is the key to trade cryptocurrency. Those who sell their Bitcoin below $30k now understand how important patience is. Those who do not have patience are panic to see a small price drop in the crypto market and they sell their coins and start regretting. Knowledge is another important factor. Because you need to know how long to hold a coin.

Pamadar

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Quote from: livingfree on August 18, 2021, 12:12:24 PM

Quote from: yananda on August 18, 2021, 08:26:23 AM

Mentally you have to be prepared, most important thing is that the accumulation continues to make a profit even though isn't too much but consistent then the results will be big

People forget about accumulation because with every purchase and little that they do.

They think that it's nothing compare to what those investors that have bought a lot and did it a few times. I agree as long as there's consistency, that's the most important matter if you're patient in this market.

And you have the plan of going long.

Having a positive mentality will give you good space to find time to think.

Decisioning without thinking will only lead you to lose your money, and besides, better to study and learn first before taking your step in this kind of business, Most of those who keep losing are people who don't have the patience and knowledge with what they are doing. It's a must make sure that you are doing your job researching and studying the flow and you can assess what's the right thing to do next.

livingfree

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Quote from: yananda on August 18, 2021, 08:26:23 AM

Mentally you have to be prepared, most important thing is that the accumulation continues to make a profit even though isn't too much but consistent then the results will be big

People forget about accumulation because with every purchase and little that they do.

They think that it's nothing compare to what those investors that have bought a lot and did it a few times. I agree as long as there's consistency, that's the most important matter if you're patient in this market.

And you have the plan of going long.

DonFacundo

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Of course patience is important when it comes cryptocurrency because if you have patience you will gain profit for sure in the future especially if you hold crypto for long term. Those people who give up, not patiently to hold their crypto then they are not deserve to get profit from it, only to those people who have patience will get the reward.

yananda

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Quote from: bots1 on August 16, 2021, 05:57:16 AM

Cryptocurrencies can indeed make us nervous because the price is always fluctuating up and down quickly like a roller coaster. Of course we have to be patient to face the fact that when the bitcoin price downward trend occurs. Even so, this does not necessarily make us feel panicked and rashly releases all of our assets. We must remain calm in a situation that is arguably not as pleasant as it is today.

Mentally you have to be prepared, most important thing is that the accumulation continues to make a profit even though isn't too much but consistent then the results will be big

bots1

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Cryptocurrencies can indeed make us nervous because the price is always fluctuating up and down quickly like a roller coaster. Of course we have to be patient to face the fact that when the bitcoin price downward trend occurs. Even so, this does not necessarily make us feel panicked and rashly releases all of our assets. We must remain calm in a situation that is arguably not as pleasant as it is today.

Digital_Lord

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Yes, mate patience is necessary for the long term. Now BTC is at 46K$. If anybody has not sold in panic then now he/she may be in profit. I have got good profit due to patience, I bought CTSI at 0.47$ but I came down to 0.39$ I think now it will not increase but my heart said me to keep patience and wait. So I waited and now it has hit 1.2$ almost 2.5x from my buying. Now I have learned the lasson that patience is a big thing, without it we can't get good profit.

LogitechMouse

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Quote from: ARTURVH on July 20, 2021, 10:19:43 PM

~
Most people lose patienceIn for cryptocurrency.
But In long-term trading, in addition to knowledge, patience is more important than any other factor.How do u think of it?

In every investment that you will make, there are 2 ingredients that you must have if you want to become a successful investor and gain some profit. Patience and Discipline.

Lets say a trader is very knowledgeable and he knows everything, it will be kinda useless if he can't wait enough in his trades and there might be a chance that he will end up losing his money. Patience is very important especially into crypto because just seeing the history of Bitcoin, if you just bought in 2018 at its lows of near $2,000-$3,000 and hold it until this year or you sold it at the peak then you've earned at least x20 with your initial investment and at least x10 if you are still holding it now. That just shows the power of holding and being patient.

We've seen many people losing their money and its because they can't wait too much for some reasons. Some of them are panicking when they see their losses at double digits so they will lose it at a loss. They can't take losses, they are impatient that is why they are losing money.

Jackl87

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Quote from: ARTURVH on July 20, 2021, 10:19:43 PM

Now there are three questions in America. 1. The sluggish economy 2. High inflation 3. The outbreak of the epidemic.
Dow plunges nearly 900 points on July 19 2021.Bitcoin drops back below $30,000 yesterday.
All are disappointing signs. Many investors plan to sell Bitcoin.Most people lose patienceIn for cryptocurrency.
But In long-term trading, in addition to knowledge, patience is more important than any other factor.How do u think of it?

I also think that patience is one of the most important factors when you invest into a sector that is still in it's very early stages and i think the whole cryptospace is still in that stage if you compare it to other financial sectors or products. The real adoption of crypto products is still only starting and i think that, if no major unforeseen upsets are happening, that the whole crypto market will have a way higher marketcap as it has right now or as it had back in the beginning of may this year. I would also rate myself as a very patient guy in terms of my investments. I know that this is not always the best because if you look at the market movements in the last years i could probably have 10x more IOTA now for example if i had sold and bought them again at the right moments, but knowing myself i would probably have less than i have now.

Chuky92

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Quote from: ARTURVH on July 20, 2021, 10:19:43 PM

Now there are three questions in America. 1. The sluggish economy 2. High inflation 3. The outbreak of the epidemic.
Dow plunges nearly 900 points on July 19 2021.Bitcoin drops back below $30,000 yesterday.
All are disappointing signs. Many investors plan to sell Bitcoin.Most people lose patienceIn for cryptocurrency.
But In long-term trading, in addition to knowledge, patience is more important than any other factor.How do u think of it?

"Patience is really more important than any other factor" and I agree with you. This thing called holding, comes with immense amount of patience, of which it has made many people sell their coins at a very wonderful price, at the same time those who are quick to sell ends up regretting at the end. It is true that Bitcoin dropped badly few months ago, but what is the price today, the price today shows the reason why patience and holding should work hand in hand. Nevertheless, before thinking of being patient with a coin, you will need to understand if the coin is worth holding, because in as much as holding is good, it doesn't work in all cases, there coins or tokens which are not worth it, thus knowing when to sell is very important than being patient.
Therefore in all ramifications, for anyone who want to invest in this space, starting with holding good coins is the first step, then apply patience or be patient with it.

imstillthebest

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of course i have patience of counting 1 to 100 because that was only easy .
if you have short term goals in bitcoin thats also gonna be easy because you wont wait like forever or until bitcoin reaches unrealistic price that hast been touched before.
the problems that you wrote shouldnt be an issue to loose hope in btc and sell it but thats going to be a reason why you will involved more in btc because btc can solve most of those issues .

bamb

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The slow economy is not peculiar to America, it is a worldwide phenomenon. Covid-19 have done more damage to world's economy, and this is why Cryptocurrency is very important at this moment and might help a lots of people out there. Governments all over the world will be printing more money to curb inflation but Cryptocurrency can not be magically printed!

MarjorieZimmermanGinger

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Quote from: ARTURVH on July 20, 2021, 10:19:43 PM

Now there are three questions in America. 1. The sluggish economy 2. High inflation 3. The outbreak of the epidemic.
Dow plunges nearly 900 points on July 19 2021.Bitcoin drops back below $30,000 yesterday.
All are disappointing signs. Many investors plan to sell Bitcoin.Most people lose patienceIn for cryptocurrency.
But In long-term trading, in addition to knowledge, patience is more important than any other factor.How do u think of it?

This is a very natural thing to happen, especially with regard to the world of crypto or digital money, something that happens cannot be separated from the influence of the economy, inflation and unstable country conditions in the face of the current disease outbreak.

That's why science, patience is very important to be applied in the investment world, something that begins or ends without knowledge will have fatal consequences and will have big consequences, plus the condition of patience cannot be controlled by common sense, it is almost certain that the investment made will fail and lose.

justdimin

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Quote from: avarnet on August 09, 2021, 08:30:58 PM

I prefer to be patient until the situation improves so that the crypto market also improves, thus I am more focused on the bounty project for a while rather than investing

I believe the crypto space is slowly getting into bullish mode hence you may assume that the situation is slowly improving toward a new heights of all the times. I appreciate your decision of focusing into bounty programs by leaving off investing your hard earned funds. Even the current times are good for both short and long term investing, if you get into right bounty programs for regular income stream then I guess you will be at right path to secure your future financially.

I guess the scenarios what OP has mentioned is slowing improving (at least in crypto space) hence the tests for our patience might have got over hence we may plan up for more investments in crypto space which can be new investments or bounty hunting to save more.

avarnet

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For the time being for me, I prefer to be patient until the situation improves so that the crypto market also improves, thus I am more focused on the bounty project for a while rather than investing, if possible what we have invested, don't bother with it first, let it sit while we monitor the price the right one, so who knows there will be fortune from the results of the bounty project while being patient in dealing with situations like this

Topic: Do you have patience to count from 1 to 100? (Read 872 times)