Topic: Patience is Key in Long-Term $BTC Outlook... (Read 2511 times)

this is what we should do if we want to take big profit because we need to waiting for a while and i think its not just in 3-5 days but maybe in weeks or month and this is why its few traders that can hold until that time. and now i am trying to hold one coins, no matter how long i am waiting because i want to know how much the price will increase if i can hold any longer than usually. i am trying to make big profit for holding one or more coins in my wallet.

It is very obvious that if you hold it in a long term, it is automatic needs patience to achieve that things. But even the community knows that they still ignored it so the result in the end they became impatience. But if will only have self-control how to manage our emotion in a proper methods for sure with this virtues which is Patience, were going succeed to our goal.

Patience is the key for a good trader and if you are having a good patience and composure then you will be making a good amount of money and then there are risks involved but taking the positives and leaving the negatives for a long term investor you have to be cautious as well as a calm persona and we would see yet another bull run in bitcoin this year and i am waiting for that. 

The history of bitcoin has already proven all of us that it is worth it to stay calm and patient, in order to earn great returns out of just holding the bitcoins.
I also think that this  opportunities has not come to the end yet, because we are still one of the people who are in bitcoin when it is still a fresh financial instrument.

That may convince many people to buying and storing bitcoins just to gain returns from having some money frozen, but as we can see this number one cryptocurrency is still not widely used all ovet the planet, which is strange for me.

Agreed, if this things will be apply to all gamblers, for sure many bitcoin fanatic will become rich in bitcoin and that is not far to be happen I think. But majority of the holder became impatience then they quickly sell the coins in their hands and repentance always comes at the last.

at these rate even the so call abandoned ETC are making more progress

How can you tell that long term holding is risky when you can see to the price charts of bitcoin that it doesn't show any sign of being risky. Based on my experience long term holding is still better than shorting bitcoin because it maximize your possible profit just what like happen in the past few months where the bitcoin price is just like around $600+ and now it already touched $1,000+ price and that is why long term is better than shorting because shorting is risky if you don't have enough knowledge because bitcoin is being played by the big whales and it is very volatile.

I truly support your statement even though it seems like copy passed from an article.  Patience is really the key for bitcoin investment. If you want to get a good return, you need to hold your bitcoin fund for long time. When I started earning bitcoin, the price was standing at 450 USD. So I have already made a profit of more than 100% just by holding my bitcoins for more than a year.

So it is proved that no other investment will be able to provide that much return even in 5 years of time. I am planning to hold all my bitcoins for another 5 years before I can actually think about selling it. I believe bitcoin will reach at least 5 grand USD within next 5 years even in the worst case scenario. I am sure my patience will reward me suitably.

Only time will answer about the rewards for the patience of holding for longer periods. So far, especially bitcoin holders got and unbeatable returns for their patience. The short-term traders are eventually got trapped one day or other either with profits or not. It may not be a right time to talk about long term holding but personally I do not have any other option other than continuing my holding.

Hopefully this scalability issue of bitcoin will get answers for this. If we all move into one good solution, hopefully we can get $1500 and $2000 levels very soon as a reward for holding patiently.

this is correct, right now being a day trader can help you grow and  maximise on your profits in short time frames

unlike long time holding which does not guarantee the hodler huge profits or grow your holding. Its quite risky this time around to go long term if you ask me.

I think right now long term saving does not really work anymore, I mean people who started using bitcoin early and had the chance to collect a lot of it when it was at low price were able to make huge profit from saving it till now because there was no much people trying to do the same back then, and know everybody knows about it and also thinks the same thing but as we see the price is constantly going up and down so the best thing is to do short term investments.

Assets trading be it commodities, forex and crypto currencies are full of up and down in price movement and because of speculation and speculative activities assets price will never be stable, issue both technical and fundamental will be there to drive the currencies or commodities pricing. The margin traders take the opportunity of the fluctuations to make profit.

Of course it is, Patience is always the key for investment like bitcoin especially on long term because we can observe on the charts that bitcoin is always giving a lot of profits in long term and just a little for short term. If you want to earn a lot of money then you need to have a lot of patience because bitcoin investment is very serious.

I do agreed that patience is the main key in long-term bitcoin outlook. And some of the investors who believe in this matter, they became impatience of waiting into bitcoin price high at the right time, so the result even they know its their bitcoin savings they used it for some spending unreasonable things. Just like what happen before to those who bought bitcoin at the time it was 200$ and then they hold it for a couple of years look what happen now bitcoin was 1000$ they already have a profit.

Patience is needed for long term investment, if a good earning is required. At the same short swings happens often, realizing the right swing and selling high helps buy more by the next swing with the profit earned on selling. Importantly try to use the swings effectively, because none is sure when the peak price will be reached. On long term if the expected price is not reached then no use on waiting with patience.

Yes it is! Patience can be a big tools in long term in Bitcoin. Just make sure that it will be useful at the right timing. Like example if the result of holding it will increase 10%, 20% or more. Try to sell the 10% of your investment, because it can be happen that it will drop the price again, then when price down its up to you if you invest again using the amount of your coins that has been sold of the 10%. I guess you get my point.

Well it is important especially to avoid panic selling but In my opinion it really depends on the situation. No one can know what will

happen next so we can only know that the choice we made was right after the outcome becomes reality. Sometimes too much

patience is not good ex. When the price of a coin increase and you're still waiting for more that it has dropped and you just lose an

opportunity. I say that moderation is still the key in everything when nothing more nothing less. Just balance.

i am agree that patience is the most important thing that traders should have because we don't want to get rush when we do trading. if there are few movements in market, then its better to wait to see a good movement until we can decide what we will do, to go buy or to sell our coins.

For a day-trader seeking to buy a coin at a low price, you should not wait longer than a week. If the coin does not fall as low as desired, either raise your price or move to another coin.
Time is a key factor in trading... you measure profit in terms of how long it took you to earn it.
But when you are stuck with a dead coin sometimes you might have to wait a bit longer for a price rise, if not, accept defeat, sell and move on.

Patience is important, but if you know right timing to buy and sell to do trading you can maximize your profit, but if you dont  know anything about trading then it is better to just buy and wait the right time to sell

Doing some in and outs in the market frequently is as important as being patient and wait for the right time or you may say end of the world coz some people are holding them from the start and waiting patiently.

This is absolutely true. It is both important:

(1) be be patient to make the most of an existing bitcoin position that is in profit, and not get disturbed by short term swings.

(2) But also to use short term swings if people can be more "on the ball" and more active traders. With that, you can outperform buy and hold.

Patience is really a helpful thing specially when we are trading since we could able to manage our trades for long term and we already know that we could able to make decent profits because if you dont have patience you will end up selling up those coins earlier. If you are longing for shorter trades then selling when theres profits is also a good way.

Patience actually can give us a big contribution for us to become prosper in this industry. Because once we had this things, everything we do in the trading will be easy for us to earn bitcoins, being patience too also teaching us to have a self discipline while we do trade in the exchange platform.

Everyone has to do it, Not just you and me. It is not easy to convince people the concept of Bitcoins. People are still confused on how Bitcoins are generated and how it has so low transaction fees. 

that is true but also you have to remember that not everyone is capable of day trading. many fail miserably when they try to "buy the dip and sell the top" they get scared,... and end up buying at a wrong time and selling at another wrong time.

and besides doing that needs spending a considerably longer times trading and most people don't have that to spare so they end up hodling which is still pretty good.

Fully agree with you. Buying and holding bitcoins has been by far inferior versus selling the tops and buying back the lows.

Patience may be the key to making a good profit and a good investment , but this does not mean that we have to wait for a very long time holding bitcoin and  waiting for the price to go very high, because at some point the price will go down and then we will lose our opportunity and we would have wasted time .

I was patiently holding whatever i have bought in $400 range while few of my friend used to call me foolish to buy on dump but now they keep saying shit we also should have followed you. Bitcoin price will always tend to increase in longer term, the one who buys at dump gonna be rich in future.  

real patience with bitcoin is very hard sometimes, specially with all the volatility and the FUDs that are flying around everywhere you look in times of boring market.
but those who have this kind of patience will be rewarded big time. say you buy at low prices of $200 and keep all of it until today, that is already 5x profit. and then looking at bitcoin's real potential and the adoption that has not yet happened, you can see this 5x is still too small a profit for you. and there are more profits to come.

Those indicators you mentioned are strong indication that the market will soon move to a particular direction. the skillful, experience and professional traders don't trade based on this open indicators but they analysis the market based on so many factors e.g current market volumes, market action and fundamental issues.

Yes we can expect some good growth in the year 2017 because bitcoin has that potential but we should contribute our efforts in building awareness about bitcoin on our individual level. We should take efforts for growth of the bitcoin user base and that will make the impact in the long term (prices are uncertain but users are not). I think, we should make at least 24 people (each) aware about bitcoin in the year 2017 so at the end of the year we will have 2,300% growth at the end of the year in the user base.

Well, educating 2 people a month is not as that hard part, right?

Ha ha... Very much true. This is just a trailer yet. It has a lot more potential than what we are feeling right now. Hopefully 2017 will be way more better than 2016 

Yes, but do you know the secret? The film is yet to start. The Bitcoin price chart will be an interesting option watch along with some good movies in 2017.

I still believe in accumulating along with some expenditure, cheers

indeed, as we both anticipated, bitcoin prices rallied higher. massive profit from the 350 $ area, almost tripled

Yes Patience is the key and I can wait until 2026 to import funds from my cold storage, till then I will accumulate it. I believe that bitcoin is undervalued and it will gradually get more and more valuable over the time as people around the world would be using it. Bitcoin could emerge as a major player in fund transfer industry and since it is decentralized, vast of the users would give priority to this amazing technology.

Not good for someone like me who only has 10 mins each day to check trading market i like to make trades over several months at a time these days.  Altcoins come and go fast the only one to be stable is LTC for me others are unproven over time.

If bitcoin is relatively stagnant, try some altcoin. For instance DGD is not stagnant, the coin has almost doubled in price within a month. Don't know how long it will stay that way though.

The stagnant progressing of bitcoin is already sue us for providing the patience and neutrality. We are not providing the patiently but the charts are sued us for being patient.

Yes its better to do that because trading is the best way to get profit and easy to earn. Do some trading to increase your capital and earn big trading altcoins or in dollar you can do it in different platform becuase now the trading is the best way you can get money.

I totally agree with you but if you also do small trading that will keep bitcoin in the market and even you can leverage your price and even you can get more return and you can up the bitcoin investment.

I see many words that i have to read.  Would you ever make a youtube channel and talk it through that way.  People give away much info for free now anyway like this channel is great:

https://www.youtube.com/channel/UCxGWV3wgUUwL1gQVXqS53Dg/videos

Long Term Outlook (UP AS LONG AS 350 $ HOLDS): Fortunately for some and unfortunately for others, the market is back to its stable ways as indecision and distraction continue to weight on the market. A few weeks ago the distraction was Monero, this week it is a bug in the new Ethereum client that sent ETH hash rate and price down substantially overnight.

Regardless of what the cause, the technicals have been steadily signaling this type of sideways action for quite some time, and are now starting to resemble other consolidation periods fractally so at least we have a notion of where we are headed, generally speaking. Having said that, we want to make sure we are in tune with the market by taking a look at the long term timeframe today via the monthly chart below.

First of all, the rounded bottom at 150 $ and the bullish market structure since then should both be extremely encouraging for longer term bulls. Not only that, but it appears as though we have a working Cup & Handle with support at the uptrend line which is a bullish continuation pattern. Finally, SCMR is painting bright green candles in addition to strong dynamic support at 350 $ meaning that as long as we hold above there then the bulls will remain in control. On the other hand, Willy is getting awfully close to overbought, RSI is pulling back but remains bullish, and MACD is rolling over slightly for the time being.

Additionally, volume profile is still rather porous although we are back inside the value area, and the A/D line remains steady despite lackluster price action and low trading volumes over the past few months. All told, the chart is giving mixed signals for the shorter term outlook but remains bullish over the long term.

Patience and neutrality will continue to be our defenses for the time being, although we are still buyers of dips down into our ProTrade long zones.

https://www.bullbearanalytics.com/