Patience and Holding - page 69. | Bitcointalksearch.org

Shutup

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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 ..

Patience is the most important thing in bitcoining.Because you will wait for 2 to 3 months before you get your salary.Even though it takes a long time but when the time comes tou get your salary it feels happy.And you have the excitement to continue bitcoining.And also holding bitcoin is bigger to hve earnings.Holding bitcoin is more bigger profit qhen price of bitcoin is increase.

Ponylon

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people think they can "read" the markets, but that's usually not the case. There are technical indicators that can show you the short-term movement of a cryptocurrency, but no one can forecast this long-term easily. Trading usually involves "buy low" "sell high" mentality which can never be 100% accurate, plus it's damn stressful. If you want to invest, just buy and hold your coins - if you are interested in trading, make sure to do your research and only risk a small portion of your portfolio, maybe 10%

BitcoinMarshal

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Quote from: chip211 on October 09, 2017, 08:35:54 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 ..

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

This is very common mistake we all done but need to learn from these mistakes because without these mistakes we cannot do better I also do too many mistakes in start and have some good lessons still learning because its can go for all our rest of life

chip211

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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 ..

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

sweetbet

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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.

Ranly123

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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 ..

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.

zeze18

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Quote from: pooya87 on October 09, 2017, 01:23:40 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 ..

actually there is a good chance that what you learned is a big mistake called being greedy.

when you are trading then holding more than you should can be risky, you need to have some analysis of where the exit price that is good for you should be. and then make sure to "exit" at that price and not to hang around more than necessary.

you make a profit and must be satisfied with it instead of being greedy and thinking there may be more!
if you think that way then why stop at 10 times, why not 11, 12, 100x,...

I think with a 10x profit from the initial capital in trading has been a good achievement, and would be better off to reduce the risk of losses that will occur, and I agree with you greed in trading sometimes the cause of loss

pooya87

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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 ..

actually there is a good chance that what you learned is a big mistake called being greedy.

when you are trading then holding more than you should can be risky, you need to have some analysis of where the exit price that is good for you should be. and then make sure to "exit" at that price and not to hang around more than necessary.

you make a profit and must be satisfied with it instead of being greedy and thinking there may be more!
if you think that way then why stop at 10 times, why not 11, 12, 100x,...

fanbeila

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Quote from: webtricks on October 08, 2017, 12:31:23 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 ..

Well it isn't bad idea to move from Bitcoins to altcoins but what really make it bad is wrong selections.
You can't buy any altcoins by just seeing it recent growth. For example, Stratis was as high as 0.004 BTC few months back but now it hardly near 0.0008 BTC. So you should always examine the market thoroughly and then invest in coin which you find will rise in near future. There are various indices for it sometimes team is coming with new developments, sometimes its swap or fork, while sometimes buyback, etc. Such factors can bring dramatic increase in price which is more profitable than Bitcoin rise alone.

Absolutely,just investing in an altcoin on just seeing its rapid price rise would lead to total loss since it might be a just pumped coin.Before buying a coin,just do a thorough survey of the market and find the most under valued coin to maximize your profits.Also,read the ANN thread of the coin,see its marketcap and find which big investors have invested in it and what are its future projects.

But if you want to be totally risk free,then you could just hold your bitcoins in your wallet as its price is increasing steadily.

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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 ..

If to buy bitcoin the patience and holding is the main thing, bitcoin prices will be higher every day, but if there is bad news to bitcoin the bitcoin prices will fall. For altc the main lesson is experience, because I think altcoin has a fast price movement, so you should be in the right timing when buying or selling.

spadormie

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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.

Prettyme

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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 ..

Patience is a virtue. When you want to hold your bitcoin just make sure that you have the patience to wait until the coins you have is increased. Once you have the patience i can say that you gain a lot of profit.

AngelSky

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Quote from: jtipt on October 08, 2017, 10:01:28 PM

Quote from: bitcoinmaniac52 on October 08, 2017, 01:40:27 PM

Quote

the principal of trading is Brought the bitcoin when the price of bitcoin is low and sell when the price is high

This is the key to trading. If you master this, you will be successful.

That the key to any normal trading, but for cryptos holding makes a lot of difference. BTC trading for instance is way more profitable if you hold the btc even if it's for a short time. Although this creates risk greater than the usually, but if you willing to take that risk, your profit will be much higher.

YES .I agree you buddy.Being patience till the price high and sell when the price get high.You have to hold the bitcoin till the price reaches the moon.Holding for a week itself gives you a profit.If the you hold for a month means,you can brought a new phone with that profit itself.It's true you can check by holding and sell.

chickenado

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Quote from: Gaff on October 08, 2017, 10:10:02 PM

Quote from: jerowacik on October 08, 2017, 08:41:19 PM

Quote from: marseille on October 08, 2017, 07:23:19 PM

If you have invested your money in altcoins then patience would be the key to make profits as there would be times when you will see price dropping and in that case you need to hold your coins tight without getting panic and if you have invested in good coins then there is nothing to worry about the price drop as price will rise back in long term and that would be the time to sell your coins for profits.

I think altcoin is very different than bitcoin. because altcoin prices are very unpredictable and could have altcoin prices continue to decline. I assumed that way because at this time a lot of altcoin which initially very good but eventually fell and then disappeared. this is what to avoid when investing in altcoin. we should be able to move quickly and ensure sell altcoins that we have when altcoin prices increase. altcoin requires not only patience, but we need a very high analysis when deciding to buy altcoin in the market.

I guess not,they are just similar for they both belong to cryptocurrency and both digitized money. The only difference is that,their value. Altcoins may also be affected with bitcoin because both of them are unpredictable. I also have that experienced when selling altcoins immediately but when there was a chance for me to review that particular coin,I nhad so much regret because it goes higher than what I aimed for. So the next time,I wait again and again so that it won't happen the same experience. Always be watchful of the flow of altcoins and bitcoins.

I also think the same mate!In addition to that,I keep my patience all the time when I hold my altcoins because when I have patience with me,I don't worry a lot of my coins. I know that it will just pass the consequences with its drops of value. It could be unpredictable at times but this will help you in time on how to manage the worth of your coins. Bitcoin and altcoin are precious coins in cryptocurrency so they are just related to each other if there are changes of its value or prices.

orions.belt19

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Quote from: Casdinyard on October 08, 2017, 08:13:18 PM

Quote from: cryptocrusher on October 08, 2017, 07:19:06 PM

Quote from: Qartersa on October 08, 2017, 06:59:33 PM

It depends on what your strategy is. You can't hold on forever, that would be a stupid thing to do. The best strategy, I think, is that you buy low and sell high. That means that you don't hold your coins until kingdom come, you hold them until you see that opportunity to sell them and make a profit. After that buy again when time comes to buy, that way you get a stead stream of income to your trading and not just speculating that the prices will go up in the future. But that really depends on the strategy of the investor/trader. It all varies from person to person.

It's really amazing how simple trading is right, buy low, sell high, the problem is that people's FOMO gets to them so much that they either can't close a position or they buy in at completely the wrong time.

Yeah simple rule but always forgotten when someone panics.
Many us here don't know exactly how long we will wait for the price to go down so we can buy in cheap and sell when it's in the highest. Yeah it's really hard to tell whether this is the right time so I suggest to trust our sub conscious mind or alter ego, if the price is fine with you then go for it. Just set a target price and don't be too greedy. Better to have at least profited than ends up to nothing.

A lot are victims of FOMO, not only in trading. Just because a lot of people have been doing something, others feel pressured to do the same. So when a lot of people collectively sell their coins once the price goes down, others feel pressured to sell theirs as well instead of use this opportunity to buy coins at low price. One shouldn't succumb to such pressures when trading.

You must have the right amount of patience because trading is all about good and careful timing.

Gaff

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Quote from: jerowacik on October 08, 2017, 08:41:19 PM

Quote from: marseille on October 08, 2017, 07:23:19 PM

If you have invested your money in altcoins then patience would be the key to make profits as there would be times when you will see price dropping and in that case you need to hold your coins tight without getting panic and if you have invested in good coins then there is nothing to worry about the price drop as price will rise back in long term and that would be the time to sell your coins for profits.

I think altcoin is very different than bitcoin. because altcoin prices are very unpredictable and could have altcoin prices continue to decline. I assumed that way because at this time a lot of altcoin which initially very good but eventually fell and then disappeared. this is what to avoid when investing in altcoin. we should be able to move quickly and ensure sell altcoins that we have when altcoin prices increase. altcoin requires not only patience, but we need a very high analysis when deciding to buy altcoin in the market.

I guess not,they are just similar for they both belong to cryptocurrency and both digitized money. The only difference is that,their value. Altcoins may also be affected with bitcoin because both of them are unpredictable. I also have that experienced when selling altcoins immediately but when there was a chance for me to review that particular coin,I nhad so much regret because it goes higher than what I aimed for. So the next time,I wait again and again so that it won't happen the same experience. Always be watchful of the flow of altcoins and bitcoins.

jtipt

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Quote from: bitcoinmaniac52 on October 08, 2017, 01:40:27 PM

Quote

the principal of trading is Brought the bitcoin when the price of bitcoin is low and sell when the price is high

This is the key to trading. If you master this, you will be successful.

That the key to any normal trading, but for cryptos holding makes a lot of difference. BTC trading for instance is way more profitable if you hold the btc even if it's for a short time. Although this creates risk greater than the usually, but if you willing to take that risk, your profit will be much higher.

jerowacik

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Quote from: marseille on October 08, 2017, 07:23:19 PM

If you have invested your money in altcoins then patience would be the key to make profits as there would be times when you will see price dropping and in that case you need to hold your coins tight without getting panic and if you have invested in good coins then there is nothing to worry about the price drop as price will rise back in long term and that would be the time to sell your coins for profits.

I think altcoin is very different than bitcoin. because altcoin prices are very unpredictable and could have altcoin prices continue to decline. I assumed that way because at this time a lot of altcoin which initially very good but eventually fell and then disappeared. this is what to avoid when investing in altcoin. we should be able to move quickly and ensure sell altcoins that we have when altcoin prices increase. altcoin requires not only patience, but we need a very high analysis when deciding to buy altcoin in the market.

Casdinyard

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Quote from: cryptocrusher on October 08, 2017, 07:19:06 PM

Quote from: Qartersa on October 08, 2017, 06:59:33 PM

It depends on what your strategy is. You can't hold on forever, that would be a stupid thing to do. The best strategy, I think, is that you buy low and sell high. That means that you don't hold your coins until kingdom come, you hold them until you see that opportunity to sell them and make a profit. After that buy again when time comes to buy, that way you get a stead stream of income to your trading and not just speculating that the prices will go up in the future. But that really depends on the strategy of the investor/trader. It all varies from person to person.

It's really amazing how simple trading is right, buy low, sell high, the problem is that people's FOMO gets to them so much that they either can't close a position or they buy in at completely the wrong time.

Yeah simple rule but always forgotten when someone panics.
Many us here don't know exactly how long we will wait for the price to go down so we can buy in cheap and sell when it's in the highest. Yeah it's really hard to tell whether this is the right time so I suggest to trust our sub conscious mind or alter ego, if the price is fine with you then go for it. Just set a target price and don't be too greedy. Better to have at least profited than ends up to nothing.

nidacoinlove

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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 ..

Bitcoin is the most secure cryptocurrency this is what I learned from various sources and from the crypto experience. There are few alts that will also don't let you down but you have to pick the right one so that you could have some crunch with the profit and don't cry over loses in the end.

Topic: Patience and Holding - page 69. (Read 22155 times)