Patience and Holding - page 65. | Bitcointalksearch.org

truthstalker

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Quote from: behindcrypto on October 11, 2017, 06:16:03 AM

If you try and hodl, and also do trading at the same time, you will lose in the long run. You have to choose one or the other. If you choose to hold longterm, you have to avoid cryptocurrency news and try to avoid reading charts or watching the latest market trends. Watching the prices go up and down will kill any amount of patience you might have, even if you have a lot of it.

I would disagree you can do both if you put 50%/50% into each one then its fine. you have the held amount which you will revisit in a few years or at your desires price. and trading will be more of a short term income which won't be as much but will be a steady income.

ajochems

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Quote from: voltesbit777 on October 11, 2017, 04:21:56 AM

Quote from: mafia15 on October 08, 2017, 12:57:30 PM

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 ..

Just we all know that repentance always comes at last, But at least you learned from your mistake buddy. In trading, it really need the application of patience so that big rewards will receive. That's the content of holding in a long term or short term which is be patience.

Holding is the best for your Profit. If you have a patience means,you will get huge profit. If you have a Guts to hold your money in growing technology, sure you can get into the Bitcoin Holding and be patience to get profit from bitcoin. This I will suggest you for your Profit. But it's your wish.

behindcrypto

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If you try and hodl, and also do trading at the same time, you will lose in the long run. You have to choose one or the other. If you choose to hold longterm, you have to avoid cryptocurrency news and try to avoid reading charts or watching the latest market trends. Watching the prices go up and down will kill any amount of patience you might have, even if you have a lot of it.

ged00u

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Quote from: SirLancelot on October 11, 2017, 03:25:03 AM

Quote from: xFiber on October 09, 2017, 12:16:26 PM

Quote from: haroldtee on October 09, 2017, 10:51:42 AM

Quote from: chip211 on October 09, 2017, 09:35:54 AM

Quote from: mafia15 on October 08, 2017, 12:57:30 PM

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 ..

Not only you, most traders have this problem and I too, I sold it when it was high but it was not the peak of it after a day of value increase x5 i really sad Cry

The truth is that no one can know the peak and it is always very good to have this planned even before you sell your position. The best way I go about this is to sell just some few percentage of it than selling all, and then with that I can at least use that percentage if it goes down or capitalise on the peak and probably set a stop loss to not loose too much from the little percentage I sold while still profiting from the peak. However sometimes, you just have to be patient, most especially if it is your plan to hold for long term.

I utilize the same strategy as you. Usually I put sell orders at different profit percentages to spread out my profits in case a coin starts massively going up. Stop loss is also a very good method of capitalizing on a bull run but you don't want to look at the charts all day. However stop loss isn't always advisable. Moving on though, don't regret taking profit. There's no point in doing that. Literally nothing. I also bought ether when it was 90$ and sold at 110$. Was that the best option to maximize profits? No. But do I regret my decision? No. Why? Because at the time it seemed right to take profit.

Panicking always cause losses and unforgettable regrets and patience and nerve control is the major game of crypto, as in past bitcoin as gone through some serious loss because investors started panic selling and that was the black day for the bitcoin because they take seriously to the china ban news and rumors spread by JP now awareness has come and investor knows about his best.

PAtience is not always good. There are many people claiming that patience has made them become less wealthy, too. AS you can see, there are many coins that are not good and their prices keep falling down without any recovery. And in this case, patience can cause a lot of trouble because the longer you hold the coin, the more money you will lose. You need to know whether the coins you are holding are good or not and whether they have the potential to increase the price

voltesbit777

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Quote from: mafia15 on October 08, 2017, 12:57:30 PM

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 ..

Just we all know that repentance always comes at last, But at least you learned from your mistake buddy. In trading, it really need the application of patience so that big rewards will receive. That's the content of holding in a long term or short term which is be patience.

RedX

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Quote from: mafia15 on October 08, 2017, 12:57:30 PM

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 ..

It's just okay, bro. It's one of the common mistakes of trading staters. You are still in the process of dealing with your emotions and the good thing is that there is self-realization that you need to change it. I also experience and I know other traders too. I'm sure that after a year, you already mastered how to control all of your emotions.

magmar

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Quote from: mafia15 on October 08, 2017, 12:57:30 PM

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 hig..

It is alright that you have made a mistakes, we all make mistakes especially in this business because it is a little bit risky to do. And yes this business probably needs a lot of patience because if you are too greedy and you immediately sell all of your holdings, you might get lower price because it can always rise up again if you just hold it a little bit longer. The key to get a larger profit in this is when the price is not that high, dont sell it, just hold it a little more but after a month that it pumps sell it then you will have a bigger profits.

Bitcotalk

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Quote from: Manchumichael on October 09, 2017, 10:29:52 AM

Quote from: chip211 on October 09, 2017, 09:35:54 AM

Quote from: mafia15 on October 08, 2017, 12:57:30 PM

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 ..

Not only you, most traders have this problem and I too, I sold it when it was high but it was not the peak of it after a day of value increase x5 i really sad Cry

Nobody can predict what is the highest peak in digital currency price. it keeps on fluctuating so where you feel the price is high sell it and make money. don't become greedy it will give us a loss.

Greed makes you never to have a plan and even if you know what to do, it makes you get emotional until you end up not doing what is right. It is better to loose small than to loose big and it is also better to win small and be sure than to keep being greedy or gambling your position until you lose it totally. Depending on the level of trading, either day trade or long term, greed should never be in any traders dictionary.

GregH37

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Quote from: sweetbet on October 09, 2017, 05:02:29 AM

We all make mistakes. That's how we learn. Bitcoin is high right now, but it's only going to get higher in time, so now is not too late to get into Bitcoin.

Making mistakes is not a big deal in the world of business. We all do make many kind of mistakes but the bad part is repeating the same mistake couple of times and not learning a lesson from what you have done in the past. Patience is no doubt a very major element if you are planning for long term investment. You need to remain cool no matter what the circumstances are.

SirLancelot

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Leading Crypto Sports Betting & Casino Platform

Quote from: xFiber on October 09, 2017, 12:16:26 PM

Quote from: haroldtee on October 09, 2017, 10:51:42 AM

Quote from: chip211 on October 09, 2017, 09:35:54 AM

Quote from: mafia15 on October 08, 2017, 12:57:30 PM

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 ..

Not only you, most traders have this problem and I too, I sold it when it was high but it was not the peak of it after a day of value increase x5 i really sad Cry

The truth is that no one can know the peak and it is always very good to have this planned even before you sell your position. The best way I go about this is to sell just some few percentage of it than selling all, and then with that I can at least use that percentage if it goes down or capitalise on the peak and probably set a stop loss to not loose too much from the little percentage I sold while still profiting from the peak. However sometimes, you just have to be patient, most especially if it is your plan to hold for long term.

I utilize the same strategy as you. Usually I put sell orders at different profit percentages to spread out my profits in case a coin starts massively going up. Stop loss is also a very good method of capitalizing on a bull run but you don't want to look at the charts all day. However stop loss isn't always advisable. Moving on though, don't regret taking profit. There's no point in doing that. Literally nothing. I also bought ether when it was 90$ and sold at 110$. Was that the best option to maximize profits? No. But do I regret my decision? No. Why? Because at the time it seemed right to take profit.

Panicking always cause losses and unforgettable regrets and patience and nerve control is the major game of crypto, as in past bitcoin as gone through some serious loss because investors started panic selling and that was the black day for the bitcoin because they take seriously to the china ban news and rumors spread by JP now awareness has come and investor knows about his best.

Payapa

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Trading your resources could be tricky whether to hold or use it. Patience and holding it can be also a good way to see long term effects on your bitcoin.

aitorp6

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Quote from: Rupok on October 10, 2017, 01:36:25 PM

Patience and Holding both are most important in the crypto world. Only patients can be the right way to earn much profit from your holding. If you can be patient so you can not shine in cryptocurrency.

I fully agree with you, these two are keys here, but I would like to add another one: "Don't spend money that you are not ready to loose".

This last has been fundamental for me, if you can think "well, I can live without these 1000$", the you can invest this money. If you can't live without these 1000$, don't invest them.

n0ne

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SecureShift.io | Crypto-Exchange

When the plan is to make a long time investment, surely patience is a must. Holding of bitcoin is one among the best that an user can do to earn big without big risks, as the entire asset is in our wallet with private keys in our hands and several high security features enabled to increase the security and avoid the risk of hack.

slaz26

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Quote from: mafia15 on October 08, 2017, 12:57:30 PM

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 ..

But you are learning and now you understand that this is wrong and now you just need to develop a feeling when you should wait and when you can sell. Your approach has the right to live in the case of short-term trading is not otherwise.

ThunderCatSteve

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Patience and Holding.

diouf67

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Quote from: prtty2gal2 on October 10, 2017, 03:33:58 PM

Quote from: sweetbet on October 09, 2017, 05:02:29 AM

We all make mistakes. That's how we learn. Bitcoin is high right now, but it's only going to get higher in time, so now is not too late to get into Bitcoin.

Mistakes are usually what makes us better at what we do. Once we make mistakes, we learn, see where we got it bad and make adjustments for next time. That is why you can never take that experience away from a pro trader. The good thing about bitcoin like you have said is that, it is just starting to get high and anytime now is good. However, whether for alts or bitcoin, patience is just a virtue that is really needed.

I think this is about the most important thing for people to understand, you can get all the advice in the world but you will still make mistakes, however they are a good thing as long as you learn from them in the right way you will go on to be a better trader. This not only applies in trading though but in all aspects of life.

HatakeKakashi

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In trading we need patience brcause if you that you can wait the price to increase more so you can more profit. Unless you will sell your crypto yes you will earn profit but its better to make profit right. Next time sir before selling an altcoin better to make a research because if you do that possible you predict if the coin that you have possible to increase more. But its up to you if you sell or wait.

prtty2gal2

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Quote from: sweetbet on October 09, 2017, 05:02:29 AM

We all make mistakes. That's how we learn. Bitcoin is high right now, but it's only going to get higher in time, so now is not too late to get into Bitcoin.

Mistakes are usually what makes us better at what we do. Once we make mistakes, we learn, see where we got it bad and make adjustments for next time. That is why you can never take that experience away from a pro trader. The good thing about bitcoin like you have said is that, it is just starting to get high and anytime now is good. However, whether for alts or bitcoin, patience is just a virtue that is really needed.

Nisharawal

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I am no stable coin. to the mooonn.. and back

Quote from: mafia15 on October 08, 2017, 12:57:30 PM

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 ..

Your unlucky and i think you didn't manage your trade properly because you didn't use a good trading plan. A Trading plan is a must before you take any trades. Also keep in mind that you should not take any kind of trade before you have a good system with good trading plan, a good trading plan involves a good trade management,good capital management,Entries, Exits,reason for entries and exits, and your Emotional behaviour . This is one of the reasons you have booked your profits too soon.

newlone

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Quote from: mafia15 on October 08, 2017, 12:57:30 PM

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 ..

All traders sell and do not hold when they see their altcoin rising, because you can not tell if it is a peak or it can fall down anytime.

Topic: Patience and Holding - page 65. (Read 22138 times)