Patience and Holding - page 47. | Bitcointalksearch.org

Kemarit

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Quote from: rickyleatham on November 04, 2017, 10:14:11 AM

whenever we see bitcoin price drop rapidly, we always have a tendency afraid we will lost a lot of money, so we sell as soon as possible to cut the lost, however it is not wise to do that, we should be patient in that situation and do research why it drop, and hold bitcoin if we know bitcoin will rise in the future.

We can't really ignore our feelings specially when we are seeing the price drops results in a big lost on your investment. Our judgement is very clouded, this is very evident during September's Chinese shenanigans, maybe lost their trust in bitcoin. I have even seen some senior members selling their coins because they are really afraid of what is going on. But it you are going to look at it long term, you shouldn't before history tells us that bitcoin can recover from such catastrophic event. We don't need to panic, just have faith and continue to hold on your bitcoin. Now, look at where we are heading now, $8000, if you didn't panic during the Chinese crisis, I'm sure that you are very happy with the price today, but if you did sell during the slump you are now regretting your decisions. So I hope that we already learn our lessons there, no need to panic just keep calm and let bitcoin recover once more.

rickyleatham

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whenever we see bitcoin price drop rapidly, we always have a tendency afraid we will lost a lot of money, so we sell as soon as possible to cut the lost, however it is not wise to do that, we should be patient in that situation and do research why it drop, and hold bitcoin if we know bitcoin will rise in the future.

prtty2gal2

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Quote from: MidKnight on November 01, 2017, 03:10:32 AM

Quote from: mafia15 on October 08, 2017, 11:57:30 AM

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

Yeah I know that it's really struggle because I also experience the same thing. I learned from that mistake but if you but if you think about it, it really ain't bad because you still gain profits from it.

It is always normal to learn from those mistakes.

When I started with bitcoin, it was a rough moment for me, but then from most of the things I have read and been able to understand with bitcoin's volatility over the past years, it made me to realize that it is better to stick with HODLing and watch it grow which would definitely happen and I have nothing to lose.

That really helped me and I never panicked for once. So, most times, people who are investing need to understand what they are involve in as that helps them to make the decision of being patient.

henmark

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Quote from: CODE200 on November 02, 2017, 07:19:51 AM

Quote from: jvdp on October 08, 2017, 12:17:29 PM

Quote from: mafia15 on October 08, 2017, 11:57:30 AM

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

I think you learn the trading very late. Since the principal of trading is Brought the bitcoin when the price of bitcoin is low and sell when the price is high. Do sell in panic and all.Just wait till the price of bitcoin reaches the high value. Just avoid of panic selling to rich in short time.

It takes time for us to learn the true essence of trading, specially on holding and have the guts and to be patient enough to wait. Because we all know that bitcoin price tend to change its price in related to stock movement and the trend of the bitcoin in the current price. If more people will support bitcoin using it on a daily transaction we could assure its price change or increase for us to be patient enough to wait and to have a bigger profit and more in the future.

Yes it is true that there are real success lies in a simple key that is patience. Trading does require person to have better analysis of the situations and decide when and when not to sell and buy the coins. If we consider the current situation around the globe then it is quite obvious fact that the number of the uses of these digital currencies is increasing day by day and hence the value has risen to a preferable level. Obviously it is going to pay us all off well in the end.

CowboyKiller

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Quote from: mel1978 on November 03, 2017, 03:55:09 AM

Quote from: mafia15 on October 08, 2017, 11:57:30 AM

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

In trading we need to be patience on when to buy, when to hold and sell the coins we are trading because in my experienced I have buy alts at lower price but I did not sell it when the price is high until I have noticed the l price is getting low and low and never getting high. I have lose my money then. So do not wait to the price to get high up when you notice the price is up sell it quickly as long as we have earnings.

Set your target after invested in any cryptocurrency or before buy cryptocurrency. You have target, you will not surprise or confused when the price of the cryptocurrency you have invested increases fastly like Bitcoin recently. Then, create your order sell your cryptocurrency, you do not need to spend much time to wait the price reached your order, because exchanger will help it for you.

Fear

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It is very hard to control the emotion. I have tried several times, but the results are not good. I was usually late to sell and lost the peak of price. Sad

mel1978

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Quote from: mafia15 on October 08, 2017, 11:57:30 AM

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

In trading we need to be patience on when to buy, when to hold and sell the coins we are trading because in my experienced I have buy alts at lower price but I did not sell it when the price is high until I have noticed the l price is getting low and low and never getting high. I have lose my money then. So do not wait to the price to get high up when you notice the price is up sell it quickly as long as we have earnings.

zeaderza

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Quote from: mafia15 on October 08, 2017, 11:57:30 AM

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

Holding is the best way to earn and get a good income in bitcoins. There is always a up and down in any coin as people try put there trust down. But you should have trust in the coin and hold it even after the time of a downfall. Bitcoin holding will always lead you to profit as bitcoin is now becoming very big and famous currency and it is also most valued one. Bitcoin is the biggest currency in the world and holding it will always lead to profit.

alexsando

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If you have researched and carefully followed the coin you are investing in, holding it for a long time is justified. Believe in your analysis. I used to sell the coin hole that I analyzed very carefully, then it has increased very strongly, I feel remorse for that.

Kiweikoo

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Quote from: MidKnight on November 01, 2017, 03:10:32 AM

Quote from: mafia15 on October 08, 2017, 11:57:30 AM

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

Yeah I know that it's really struggle because I also experience the same thing. I learned from that mistake but if you but if you think about it, it really ain't bad because you still gain profits from it.

Yes greed is curse so avoid this thing and keep moving with the market critics and profit will come toward you and on top of it btc give a lot of benefits in holding coin and a lot of people are doing this just because they all need to earn good profit and bitcoin is good at profit giving when it is held for long time tenure and more to it bitcoin has an impact now that it gives more than 1000$ in one week that is also right.

bitgolden

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Quote from: Ann Impas on November 01, 2017, 10:37:36 AM

In trading you should practice patience for long tern investment while abrupt trading for long tern but with proper indication and study plus gut feeling sometime.

Hundred percent agrees with this statement. There must be patience all align your life. Many hurdles and bad times will be coming in your life, it you don’t feel and face them, your life will be of no use and ruined. So need is to make yourself such confident and stiff relating emotions, so that you can solve the bad problem in the finest way. Keep patience with you when you are trading.

Aaroenz0r

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Quote from: Hodll on November 02, 2017, 11:37:01 PM

Hodling ain't easy! You got to choose your entry points and exit points with precise calculations. It is a nerve wracking game but if you have set your percentage points it's good to play it safe.

Yes, I agree with you, we need to set an entry point and exit point. It helps me against panic and greed. I have applied this way and feel it is really good for me.

Hodll

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Hodling ain't easy! You got to choose your entry points and exit points with precise calculations. It is a nerve wracking game but if you have set your percentage points it's good to play it safe.

CODE200

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Quote from: jvdp on October 08, 2017, 12:17:29 PM

Quote from: mafia15 on October 08, 2017, 11:57:30 AM

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

I think you learn the trading very late. Since the principal of trading is Brought the bitcoin when the price of bitcoin is low and sell when the price is high. Do sell in panic and all.Just wait till the price of bitcoin reaches the high value. Just avoid of panic selling to rich in short time.

It takes time for us to learn the true essence of trading, specially on holding and have the guts and to be patient enough to wait. Because we all know that bitcoin price tend to change its price in related to stock movement and the trend of the bitcoin in the current price. If more people will support bitcoin using it on a daily transaction we could assure its price change or increase for us to be patient enough to wait and to have a bigger profit and more in the future.

ausbit

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Quote from: azguard on October 31, 2017, 02:31:05 AM

Quote from: sugihe on October 30, 2017, 09:30:32 AM

Quote from: amaral1977 on October 08, 2017, 01:31:14 PM

There are several rules of thumb that are widely said, but unfortunately we don´t always follow. One of them is we should reinvest part of the earning. It´s also a mistake to reinvest 100%. Another point to be taken is that the market is hard to beat. So we are daytrading like hell, loosing sleep hours, and when the maths is done, we may have been winning, but not as much as we would for just holding. Because in these markets BTC is skyrockting so sometimes is very difficult to overcame that growth and beat it.

I have problem with greedy. The good rule is not reinvest 100% of profit but i am always fall in the same hole many time. Now i am trying to skip greedy.

Its not just your problem this problem is for all here greed is very power full and can be good ally or sometimes very bad enemy.
From my starting experience back in 2013 I was to greedy back then that i lost mostly cuz im impatience to hold and to wait, now the best possible solution is to hold.

Bitcoin is fluctuating and you know it very well. So there is a hypothesis that just comes out of the box, bad and good times will come in bitcoin trading. you can’t expect to have only good times, like prices are going up higher and higher and then you can’t just see the losses every other way coming up to you. So adjust yourself with this factor. Don’t get panic it will harm you.

azguard

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The work together and they cant coexists without each other.
Right now holding seem to be good way of keeping your money and investment in same time cuz price is more then good at the moment.

Price seem to be in uptrend and dont have need to stop, personally and think most of us here dont want this to happen.

TheGreatPython

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Quote from: HiringYou on October 30, 2017, 11:48:44 PM

You should be patient enough if you want to invest in Bitcoin.You have to understand that the only way you can make profits from your investments is by holding your BTC's. You must have enough patience to hold your BTC's instead of commiting the mistake of panic selling when the price falls down because the price will again rise and if you will hold your BTC's you will make huge profits. Bitcoinis rising at a very fast rate and it has a bright and positive future .So have patience and keep holding your BTC's.

Patience and holding are just like the living components if you want to survive in the race of long term investment. There is no other way that you can actually hold your bitcoins or any other coins for quite a long period of time if you are not good at controlling your nerves and that too at the time when there are difficult things to face. You need to remain cool in all the conditions.

_noname_

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patience and holding are the two major and important factor for trading. if you have these factors then i think you can become a perfect and success trader. because trading with coins need to hold some coins for a time when the rate is high enough the you can sale them and this can only be possible when you have a quality of patience.

richkellj

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Quote from: MidKnight on November 01, 2017, 03:10:32 AM

Quote from: mafia15 on October 08, 2017, 11:57:30 AM

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

Yeah I know that it's really struggle because I also experience the same thing. I learned from that mistake but if you but if you think about it, it really ain't bad because you still gain profits from it.

There are number of things which we get to learn with the passage of time. Losing the control over your nerves is quite common thing and there are number of newbies who actually fail to do so especially at the time when the prices are falling down. Patience and holding are no doubt directly related to one another. You need to develop this habit of patience if you want to hold your coins.

Soranith

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Quote from: finzyoj on November 01, 2017, 01:12:05 PM

Quote from: MidKnight on November 01, 2017, 03:10:32 AM

Quote from: mafia15 on October 08, 2017, 11:57:30 AM

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

Yeah I know that it's really struggle because I also experience the same thing. I learned from that mistake but if you but if you think about it, it really ain't bad because you still gain profits from it.

Thats is how we learned from our experiences. Do not regret about it because if bad things happen you will be thankful to that as well. It doesn't matter how high you've got but how you survive you're first time with a good profit. On holding, it needs a long and strong patience, where you cannot be petrefied during the dumps which can cause for profit to fall and lose the value.

Well holding can really give us a good profit specially if we hold it long term, the problem is when we are still new to something our adrenaline is different we always want to see result right after and that is the reason why instead getting profit we end up losing but as what you said its okay to commit all those mistakes because that will mold us and will make us do better.

Topic: Patience and Holding - page 47. (Read 22167 times)