Patience and Holding - page 68. | Bitcointalksearch.org

RealPhotoshoper

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Quote from: Frank0209 on October 09, 2017, 03:06:21 PM

Yeah. I also think so. At this time holding is the best option cause as everyone can easily see that Bitcoin price is increasing very quickly day by day and will get over 5k$ soon maybe before the hard fork happen and I hope that after the hard fork Bitcoin price will increase like crazy and the price will be double soon

)) It's what happened after the hard fork on 1st August and I hope it'll happen the same at this time.

It is the key of trading success indeed , but you cannot do it randomly.
I mean you need to have alot of plan , anticipating for something unexpected happened.
As cryptocurrency always have a high risk , full of risk , do it carefully and you are good to go to hold bitcoin as long as possible.

SMSabuj

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Yes, Patients is most important for earning a good profit on holding. If you hold your coins for a long time, obviously you will be able to get much profit. Patients are must need for holding business. So be patients and make much profit.

Frank0209

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Yeah. I also think so. At this time holding is the best option cause as everyone can easily see that Bitcoin price is increasing very quickly day by day and will get over 5k$ soon maybe before the hard fork happen and I hope that after the hard fork Bitcoin price will increase like crazy and the price will be double soon

)) It's what happened after the hard fork on 1st August and I hope it'll happen the same at this time.

MissionPhailed

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Quote from: innocent93 on October 08, 2017, 05:42:56 PM

Quote from: MissionPhailed on October 08, 2017, 04:04:03 PM

Yep, patience is key! I sold 20 Ethereum in january 2016 when it was $2,50 for a 100% profit. I bought QRL right at the peak (77k sats) and subsequently sold it for 17K. Thanks to the extreme bullmarket in especially Q2 of this year I could still crank out a 900% profit overall, but my trading techniques were dire. That's why I trade with small amounts 'cause I know I'm not a trading pro to say the least.

Patience, right, but there is also the risk that the altcoin it will no longer be present on t he market and what then? I have heard/read a lot of user putting the problem the same way, i could have made 1 000% profit. Ok, let's see the facts, if you have profit it doesn't mether the percentage of it, this is where patience comes in. All it matters is that you are on profit, event if you wan 1 satoshi, the transaction it is positive.

You're right. That's why diversification is also crucial in cryptoland. Especially nowadays as the majority of existing coins is simply garbage without any value for the cryptosphere. Lots of these coins were fun to have during the extreme bullrun in Q2 this year, but are bound to flatline eventually on the longer term. Crypto with potential is hard to spot, especially for those new in trading!

xFiber

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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.

Kurokyy

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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 ..

at least you have experience already with trading and next time you will have a chance to do it right. In trading as always its a matter of patience if you cant hold your emotions you will all your money in trading. Basic rules buy low sell high!

PhucS

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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 ..

This is not shameful, you still get the profit from doing it your. Do not be discouraged, it seems you are a newbie in the cryptocurrency market, you need to learn more experience and skills to make more accurate decisions. You should also remember that in trade, we need to keep a cold and alert head, calmly handling the situation is a great job showing you enough bravery. However, you do not have much experience so the first step you do is quite good, you still get profit, try to learn develop more skills on trade Cheesy

sch_lau

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If you're having doubts about trading or the way that you trade, just remember that the course could have crashed. It's is good to hold some projects in which you can only see a bright future because they are very useful and new and solve problems of the past. but many altcoins can crash as much as they increase. In this market it is safer to see your presale coins right after an ICO if you want to make profits (because that is what everyone does anyway).

bitbunnny

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Clever decisions come with experience and lessons learned, that is the only truth. It's impossibe to avoid mistakes and bad decisions but the most important is how you deal with that and are you capable to get out of the problems this have caused. Not many people can do that and only them could be called good traders.
Patience and waiting could be cruicial sometimes and good traders and investors know that very well.

LouVandetta

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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 ..

At least you've learned your lesson. You should try to use target point.
So that you won't feel bad in case something goes wrong. But it's better than nothing, right?
The price is already this high, so do your research first. I know that hodl is hard, but it's worth it. Patience is the key.

error08

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Buy and sell bitcoin should be based on recent news about bitcoin development and acceptance, current price seems recover to $5000 again, which can be achieved anytime soon. If we're look at bitcoin charts, in the end, bitcoin price will increase and reach another ATH, it just time matter to be patience or be involved in bitcoin trading, looking at the price almost 20 hours and sell it based on % profits calculation. Whoever could be patience and wait for min 6 months will make more money than people who always sell bitcoin due to panic sell whenever bad news occurs.

deadsilent

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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.

It's never too late mate. You can still buy bitcoin in fragments. You don't have to buy a whole bitcoin. Bitcoin is very expensive. But we know it's potential. It can easily generate profit. What altcoin you think can give high percentage of profitability? Obviously none. Also tye hard fork will take place this October 25. Expect people save bitcoin as much as they can because they will get free fork coin. It's free, so who doesn't like that? It can cost $300+ or more when it's available.

Quote from: spadormie on October 09, 2017, 12:59:16 AM

Funny how it is that we committed the same mistake. I knew the power of hodling because of that. From the moment I received my adex I sold it immediately because it times two. But wow, I can't believe that after 2 days. It times ten. I can't believe that I lost that trade. It is not lossing cause I made some, but I considered it a sa lost.

That's okay. What you did is fine. Some traders are too greedy and some of them not end very well. Don't let greed control you mate. The important thing should learn by a trader.

eloymjb

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many people doesn't have patience in trading especially those people who have small amount of financial capital. those people when they see the coin that they have being down they actually being panic and start to sell it even if in low price and loss their profit. but even people have a mistake they learn from it and making it hold after they reach the value they target before we sell.

haroldtee

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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.

eminemcookie

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Quote from: Ranly123 on October 09, 2017, 03:42:15 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 ..

Patience is vital in this kind of business, just like trading in fiat currency wherr you buy low and sell high. Need not to worry about what you have done in the past, whats important is you learned the aspects of trading alts to bitcoin.

It's really important in trading and in just about everything in life that you let the past go. Make your mistakes, learn from them, but then forget about them and focus on the next decision. If you continue to regret past mistakes you will always struggle to make correct decisions in the future for fear of making a mistake again.

fredo123

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I think trading bitcoin is wise decision at this moment, The continuous spread of info. in social media and accepting btc in some establishment are good factors of gaining trust to the mass, This follow a good increase to its value, If ever you hold a huge amount of btc at this moment, This is the most crucial to decide if you want to hold or dump, but if you can't decide the best thing to do is to be patiently hold it, from time to time i notice the consistent increasing of its market value are keep going. This is the good chance to become a millionaire in the future. Patience is the key.

Qiuyue201

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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.

With the recent news of the segwit 2x denounce and i think that should be got a little correction again. because they are all hyping the segwit 2x, i i think that was not about segwit 2x but they are wanna getting the free bucks from bitcoin altcoin or another crap. because we know that you can mine the bitcoin gold use gpu and that was like another crap coin.

Aizhen05

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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.

make a plan where you want to be what you wanna get back with you it is much good if you will make a plan for what you want cause if you wait for it to get high more then there is a posibility that you can loss some or how about the time that reach the price you want but you want to get more of it how would it be if this will dump thats right dont be too greedy. Be the one who can be contended.

olubams

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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 ..

Even aside trading one key virtue of life is patience and most importantly, its a virtue in trading because without that, you are quick to make loss in a matter of seconds. Its good that you have learnt your lessons because if you are being told which I am sure you must have read, you will tell yourself, these people don't know what I am going through and now you will be more careful in your future trading activities. But unfortunately, someone will still make same mistake tomorrow and wish he/she had wait a little bit.

Manchumichael

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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.

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