Topic: Patience above all will be rewarded here - page 7. (Read 2743 times)

The word 'patience" wouldn't ring bell to many hodlers particularly some newbies who thinks that investing in bitcoin is a get "rick quickly" however majority get disappointed and not smart enough to wait for the green days before dumping it having waited enough within their own period while those who waited patiently enough reap their reward massively,  an adage says that 'a patience dog eat the most fattest bone' another rave of pumping is on the move now some of them will start selling now due to fear of losing out.

Since you have my quote above, why are you misrepresenting what I wrote?
I didn't write that people who sell in bear markets are clowns. People who make stupid decisions and then don't believe in bitcoin anymore because of those decisions are clowns. I don't want to repeat myself you can just re-read my quote.

Person who believes in bitcoin during a rally from 15,000 to 30,000 and then doesn't when the price drops back to 10,000 is a clown. We in this community should know that this is a likely scenario.

But the greedy idiots who buy during a rally and don't understand the risks of speculation, regression to the mean and the volatility of bitcoin, the people who only believe in bitcoin when the price goes up, who disappear the moment the price drops and they have no paper profits to show, these people are clowns. They are clowns.

Their desperation and predictable stories of loss I could do without. Like if someone sold their house during an all time high and bought into bitcoin and then sold at a 50% loss 2 years later, that person is a clown.

Price spikes price drops..... You don't gamble all your money by speculating using bitcoin. I mean if the price went to 25,000 next month, I would expect it to drop again, and maybe have that as a bottom in another ten years if the market seems to stabilize.

Bitcoin itself is a tool, it's not a magic thing that will insure your financial stability.

Living under a decent government and being politically engaged. Having a source of income, living within your means and in a stable part of the world, those insure your financial stability.

You can't expect bitcoin to carry you upwards into the magical land of never having to work another day in your life and not having to care about anything. Bitcoin isn't the fix with everything that is wrong in the world.

It can improve it. It can give us back the power to decide what our money should be and that our money will not be debased by the bankers, that it will not be printed and given to the rich.

It cannot hodl our hand and jerk us off. I don't know I think I'm ranting incoherently now. I think I'm done here.

I hope I made my point clear.

Also, despite the hard work being put into bitcoin, we can't just assume that it will succeed. I believe that it can and that it will, but that doesn't guarantee anything.

Although I agree with some of what you said, I wouldn't call people selling in bear markets 'clowns.'

I have a solid belief in Bitcoin since 2016 and Im certain that BTC is definitely here to stay and will play a much bigger part in the global economy in near future.

Nonetheless, I got out of BTC when it hit $20k, and came back to trading crypto again in early 2019.

Its not a matter of having beliefs, but its a matter of protecting one's assets and making smart financial decisions.

Because in the end, I am the one that has to pay rent, buy food and clothing for myself. No one is gonna do that for me.

I love BTC, but if I think I am gonna lose a lot of money by being in it, I will get out of it any day. My love for it won't change tho.

Here you can subscribe to every word, and if I were writing a book about Bitcoin, these words would be in the preface. Those who know how to wait will achieve a lot - this is the main principle that should be followed by people who first get acquainted with Bitcoin. And of course, it is patience in "dealing" with Bitcoin that will give us incredible results.

When  I entered crypto I thought I will be rich quickly but it is not the reality. It is a long journey, Imagine how many years bitcoin needs to reach new heights after its creation. Yes, it needs patience and trust. You need to trust and believe on bitcoin. As of now, bitcoin is the most trusted cryptocurrency asset and no altcoin can surpass in terms of trust, in terms of technology there are many altcoins that are better, fast, and cheaper but bitcoin is always the king no matter what happens bear or bull.

I agree that things take time, Bitcoin itself has taken quite some while to get to the point it is at, and still several fronts could be made better. Still, while I acknowledge this, I also acknowledge the fact that there's a plethora of people working their asses off trying tomake bitcoin better, that's the beauty of it being open to everyone. The community itself will drive it forward. I personally don't care if the general population thinks it's going to bomb and gets defrauded, I do my part at teaching people how btc ACTUALLY works, and also teach them how to spot scammers.

I agree with a lot of these statements. I often bring up these same topics when arguing with those who give me a hard time about my involvement with bitcoin or just those who are against bitcoin in general. The internet took years to evolve, and the World Wide Web took years to come about. It takes a while for massive changes like these to take place.

The mindset of those who belong to the world of Bitcoin is much important in this regard because they're the ones who can make bitcoin acceptable to others. They're the ones to believe on it existence and it potentials to make it great. But, what some do discourage others, we now have those who don't believe on Bitcoin but believe in it dumping. They don't recognize hold and it benefits, they're not friends of patience.

For anyone to take profit on Bitcoin, they must understand the power of holding Bitcoin on a long-term basis. I was fortunate to hold some of my coins back in 2019 and today can now see clearly the importance of holding Bitcoin on a long-term.

Well patience don't always work in most cases, there are some situations where if you are patient you will be rewarded at the end while there some certain situations where patience don't work only smartness, when it comes btc I guess yes, you need lots of patience because price is always up and down, it all boils down to knowing when to be smart and when to be patience.

I think here Is need to separate two things:

1 - The price part, here anyone who sells whatever price they want, will be doing it because they think it was the best decision and that is nothing wrong because it is the person's money and the person has the right to do what he wants with his money and another thing the price can go up when there is more demand or it can go down when there is no more demand

2 - The bitcoin development part, this part is for nerds and also for all people who like to learn more about programming and technologies


are you calling people a clown because they only sold bitcoin when they thought it was the right thing to do? don't you think people have the right to do what they want with their bitcoin and their money?


if the price was $50,000, people would still want the price to increase further and other people would even call clowns who sell bitcoin for the price of $50,000

     Look brother, times are tough in almost every place here in the world nowadays due to economic problems going on. And if you add up any other emergencies and the emotional burdens that people get from daily lives and from the charts/prices day by day plus the countless rumors of good and bad in the crypto world (I could go on and on with these stuff), you really cannot blame people for doing what they are doing. Even if someone says he is a 100% loyal to bitcoin and this industry, when emergencies come or when prices drop, a man will surely waver. Specially if he has responsibilities bigger than his ego.

     Although I get your point, what's wrong is wrong. Calling others like that is just not good brother. Remember that this industry is never easy to predict. For all we know, what position others may be in today may be where you are tomorrow. Since we all share almost the same interests since we are in the same forum conversing. Why not refrain from calling people things when trying to prove a point? Being a little nicer to people you know nothing about won't hurt.

Patience is indeed the key to success in bitcoin investing, without patience I make sure you will immediately suffer losses and will
makes you leave bitcoin. Even though bitcoin is one of the most profitable investments compared to others, it is not necessary doubt
about bitcoin, if the price of bitcoin goes down, there's no need to panic. Just be patient, wait until the price of bitcoin rises again.

You are having an imposing thought on others. Why do you know BTC and why do you buy BTC? I think we know BTC because we want to make a profit. Therefore, I buy low prices and sell them at high prices. If we had blind faith in it, we would have lost nearly 50% of our assets after 2 years (early 2018 BTC cost $ 19600 / BTC and now only ~ 9600 $ / BTC).

Most people who stop investing in bitcoin didn't really stop because they don't believe in it anymore, many stopped because they've loss a lot. Some are experiencing depression and anxiety after this event and that forced them to stop investing. You can't call them clowns just because of that. Who wouldn't want to invest in such a good and profitable investment like bitcoin, but we should also know that this profitable investment is a high risk investment where we can lose money anytime.

Well, it was proved that patience is crucial from the very begininig of Bitcoin. Just remember the first adopters. And patience is often something that many Bitcoin users don't have.
But to be patient and to.hold your coins and keep investing you also need to have some goal and strategy and that is also one of things that many don't have.

I am sure the bitcoin price will break $10K. The time for bitcoin will comes soon, and we don't have to worry about that. Meanwhile, we need to prepare by buying more bitcoin, especially if bitcoin is at a low price like today. But it is not recommended to buy bitcoin without analyzing the price because we can buy at a wrong price, and that can make us wait for a long time before we can sell bitcoin to make a profit.

I have personally believed in the idea of Bitcoin since the beginning.  I have not done constant business with it, or even been there in the thick of it the whole time, but I honestly was hit with "wow" the first time I read the concept and information.  But, I wonder how much of the decentralized portion we are giving up to maintain usability.  What I mean is we are little by little, giving in to more and more regulation to keep the legality of using Bitcoin alive.  I guess it would be useless to have Bitcoin and not be able to use it, but it is starting to lose some of what it is meant to be.

I remember Cryptsy, they were Florida based I think and I live in Florida. I would never begrudge anyone the return of their rightfully lost money.  But, that was the beginning of much of the loss of full freedom to use Bitcoin the way it was meant to be.  I know that in the US, it is hard to find a website/exchange that will sell Bitcoin without an ID based verification.  I don't mind it, but that is a big loss of freedom for us, versus the way the BTC network started.  Sure, we can wallet trade back and forth and never involve a government anything, but to trade to FIAT, that is pretty difficult without either risking a bad transaction or giving up that picture ID. 

Part of me thinks that the Cryptsy case should never have happen, that those that would scammed should have not gotten legal recourse.  I don't want anyone to lose out, but there was a certain amount of risk built into everything back then that is gone now.  I hope I didn't offend anyone by saying that, it was not meant to. 

Patience is needed to create a strong and reliable crypto, the aim of the coin is for long term, its quite surprise to see the bitcoin price still can't over 10k, but I think if everybody work together focus on btc not alt coin, then btc could give a big impact on the price, but its hard to make people have the same mindset

Patience will only form if we truly understand the bitcoin ecosystem. As explained in the OP, there are some people who are fomo, so they only go along with the flow of hysteria, then give up because the movements are not as expected. So, to avoid that kind of thing then we really have to try to adapt well, so that we can adjust to various situations.


There are scenarios like this too. This kind of scheme is very common, which is why we must understand analytical techniques. There is fundamental and technical analysis. It looks complicated, but this is the only way we can do to be able to adapt and understand market movements, so it does not just rely on "feelings" and "luck" alone.

Or maybe they do things in panic mode. They thought something gonna crash and they need to encash their crypto. Also, those that believe with FUD and other predictions are more prone to selling their portfolio. They act according to the sentiments of the market instead of their plans. So if you really are weak in this market, you will lose a lot. As a crypto user or trader, you should have tangible plans with your crypto investments and not just follow some self-proclaimed experts. You should know better by now.