Topic: Patience is not enough for hodling Bitcoin - page 3. (Read 805 times)
OP no reasonable human will hodl money in their wallets and not touch it if they don't have any other source that fetches them money, for me; before anyone should involve themselves in an investment that they want to make some profits in it, they should have a steady means of generating income if not they can never achieve their investment goals. So it is important that before buying and hodling Bitcoin, one need to have a means of earning money on regular basis so that they will not tamper with the money they've invested for their future.
The thing is I don’t blame people who sell their bitcoin just to eat or cover up bills to me it still because ulcer comes fast this days imagine you trying to keep bitcoin and end up having ulcer you still have to sell the bitcoin to still buy drugs I don’t know if you see my point lol but the truth is everyone have their ways to do things.
I have come to realise that what is stopping some people from hodling Bitcoin is not because they do not have patience to stick to their investment. Having a source of income is the only way people can exercise patience to invest bitcoin. It is not possible for one who is hungry and has bitcoin in the wallet and would not want to sell the bitcoin to quench the hunger.
You are right but one thing is sure that enough is never enough to whom can't find enough from enough. Lol. I guess it sounded like a lyrical rhythm. Some persons actually chooses to increase their financial budgets simply because the rate of their income has increased which if sometimes there is an income biased of the investor, he/she is likely to loose hold to their expected range of hodling meaning that lack of financial management is also a point that disorganizes inventors hodling. 
I just wished everyone can understand this prospect OP. Investment is not for those who cannot carter for general live needs without going through pressure or stress. Definitely live happening may occur and if there is no other means to find solution to them then we may look into the little investment as the only means to solve it. In Nigeria today it is difficult to save talk more of having an investment when your not financially buoyant. However. investment is risk and some person are lucky that their investment pays them faster so it gave them a huge start in life. But we shouldn't rely on luck there are simple steps to do things and its best to follow those steps.
I have come to realise that what is stopping some people from hodling Bitcoin is not because they do not have patience to stick to their investment. Having a source of income is the only way people can exercise patience to invest bitcoin. It is not possible for one who is hungry and has bitcoin in the wallet and would not want to sell the bitcoin to quench the hunger.
While planning to invest in bitcoin people needs consider to have a steady flow of income , if this is not available no amount of patience can be able to make hodling to take place. When their is a flow of money one can always look on to for survival and to solve financial problems this is when we can now talk about having patience to hodl bitcoin to gain profit. It something that result to the lack of patience, it can hunger or meeting up the daily needs, if this can be solved it is easy in hodling Bitcoin.
While planning to invest in bitcoin people needs consider to have a steady flow of income , if this is not available no amount of patience can be able to make hodling to take place. When their is a flow of money one can always look on to for survival and to solve financial problems this is when we can now talk about having patience to hodl bitcoin to gain profit. It something that result to the lack of patience, it can hunger or meeting up the daily needs, if this can be solved it is easy in hodling Bitcoin.
There is this word people use often, problem no dy ever finish. This is why you need a good source of income because if you don't have one, (Sapa) poverty will make you sell your investment. When problems comes nocking on your doors, if you have a source of income, you will sort it out in time but if you don't have anything that can make you money, the next thing you start thinking about is maybe you should sell half of it, and after some time again, if another problem ensued, you will sell the rest and will have nothing to hold again.
Also don't borrow money to invest, whether it's for a long time OT short time, don't try it because if the time reach for you to return the money, you will sell what you are holding and it will be a regret selling what you buy at low price just to settle a debt, it doesn't make sense. Having a source of income beret all these and hide it under without even knowing that you have it in your front.
But patient is one of the element for long term investment. Even though the person is doing extra works to support himself for in the investment he has to be patient because you might used your investment funds to buy something in the your business if you have waited enough time and the price is not going up for you to sell them and use them in your business.
I understand what the op saying, constant income to the life of the investor will save him from thinking of the Bitcoin investment at all the time.
I understand what the op saying, constant income to the life of the investor will save him from thinking of the Bitcoin investment at all the time.
Yey. Bitcoin is hard to hang onto if money's tight. When your wallet's slim and your bellys rumblin, that Bitcoins lookin real tempting. But for folks with steady paychecks flowin in, partin with their coin ain't necessarily top of mind just to get by day to day. Holdin onto it gets easier when you aint sweatin where your next meals comin from and course if you can hodl off from cashin out when the goin gets tough, your patience might just get rewarded handsomely down the line if that coin keeps climbin.
Yes you are correct but still, patience is among them,,,, no be only money sha because if somebody manage buy like $5k for Bitcoin at least the person fit hold em coins for long term and just to dey wait for the halving season to reach so that em go fit gain small profits from am.
But if really say person won invest for Bitcoin if em no get money em no go fit invest and even with patience way em go still get, nothing go come out. As e be so, patience nai be the main Koko because without money self person no go fit get patient at all but if person invest small money em fit dey patient hold the small coins way em get.
But if really say person won invest for Bitcoin if em no get money em no go fit invest and even with patience way em go still get, nothing go come out. As e be so, patience nai be the main Koko because without money self person no go fit get patient at all but if person invest small money em fit dey patient hold the small coins way em get.
I have come to realise that what is stopping some people from hodling Bitcoin is not because they do not have patience to stick to their investment. Having a source of income is the only way people can exercise patience to invest bitcoin. It is not possible for one who is hungry and has bitcoin in the wallet and would not want to sell the bitcoin to quench the hunger.
Bitcoin investment should be done when there is a steady Means of income or better still, If there is no steady Means of income, it is advisable to use the money which you would have use for bitcoin investment to invest in an offline job that will be yielding you profit, and the profit should be use as a DCA strategy for weekly accumulation. Another strategy of accumulation bitcoin without stress, is by getting your bitcoin by signature campaign.
While planning to invest in bitcoin people needs consider to have a steady flow of income , if this is not available no amount of patience can be able to make hodling to take place. When their is a flow of money one can always look on to for survival and to solve financial problems this is when we can now talk about having patience to hodl bitcoin to gain profit. It something that result to the lack of patience, it can hunger or meeting up the daily needs, if this can be solved it is easy in hodling Bitcoin.
Sometimes people who have steady means of income still fall victim of selling there coin due to hunger. And the cause is mismanagement of fund. Most people no matter how the inflow of the money they receive, they always have excuses to what will make them over spend there funds. If you make a research on people who have been in this forum for long, you will notice that most of them don't have accumulated bitcoin in there portfolio. Because they have the mindset that it will always come. Forgetting that it might not continue like this always. I think what some people needs is orientation on self control, self decision and wright planning. Otherwise they will continue on the same circle always.
I have come to realise that what is stopping some people from hodling Bitcoin is not because they do not have patience to stick to their investment. Having a source of income is the only way people can exercise patience to invest bitcoin. It is not possible for one who is hungry and has bitcoin in the wallet and would not want to sell the bitcoin to quench the hunger.
While planning to invest in bitcoin people needs consider to have a steady flow of income , if this is not available no amount of patience can be able to make hodling to take place. When their is a flow of money one can always look on to for survival and to solve financial problems this is when we can now talk about having patience to hodl bitcoin to gain profit. It something that result to the lack of patience, it can hunger or meeting up the daily needs, if this can be solved it is easy in hodling Bitcoin.
This is one of the basic teaching of JayJuanGee. Many people rush into acquiring Bitcoin for investment purpose without properly covering the basic things needed for one to be actually successfully in their holdings in Bitcoin investment. There is the DCA strategy ofcourse which can be of great help but someone that fail to have the basics of actually having a steady income can still fail in holding their investment. Life is filled with so many emergency and things we don't plan for and not having a good steady income can make an investor always temper with his coins to meet all these basic needs which are very vital.While planning to invest in bitcoin people needs consider to have a steady flow of income , if this is not available no amount of patience can be able to make hodling to take place. When their is a flow of money one can always look on to for survival and to solve financial problems this is when we can now talk about having patience to hodl bitcoin to gain profit. It something that result to the lack of patience, it can hunger or meeting up the daily needs, if this can be solved it is easy in hodling Bitcoin.
This thought can also be the other way round and by that I mean even a reach man can be unsuccessful with their Bitcoin holdings if he is not determined enough and lack proper planning and strategic methods to follow his holdings to make his goals more achievable.
Patient alone nor go fit solve the problem of not selling your Bitcoin especially when hunger strike, na why Dem dey always advise us make we get jobs wey dey pay before we enter this Bitcoin accumulation journey. Bitcoin na coin wey be say the more the hold the better for you, and person wey hungry dey knack nor go fit dey watch em Bitcoin for screen while e fold hand make hunger dey mama am, so make try our best to get something doing before we dive into holding of Bitcoin, or even if you don start to hold make you still find small small tins dey do wey fit dey give you money to take survive, and fit dey top up your wallet balance time to time.
There are other attributes or criteria that are required that are a direct mixture with patience and that is why patience does not stop selling and aside from getting the job everyone needs to be disciplined even financially, then when you get a job it will be very easy for anyone to pay their bills. Furthermore, it will make it simple for anyone to accumulate bitcoin, and you will not focus more on accumulation. I'm always frustrated because I don't have Bitcoin on time, but all we can do at this point is wait and accumulate as much as we can. Hungry men have no business with investment; their only concern is their stomach, and once that is settled, the next thing that will be investment. Simply make good plans as a holder.
Op it good for someone who is investing in Bitcoin to have an emergency funds available. Someone who doesn't have an emergency funds and is investing in Bitcoin is just wasting time because whenever something comes up the investment will be tampared with. The patience I see in holding Bitcoin comes in when the price of Bitcoin is going down and there are many negative news about Bitcoin on the internet and you decide to hold and never move to sell because you believe that those fuds are normal and you will see the price going up again even if people around you don't see it as a possibility.
you must have a source of income first and after that you must divide this money into four parts based on you expenses for the month. The first part is for your monthly expenses, the second part should be for your emergency funds and the last one should be for your reserve funds any leftover can be used to invest in bitcoin based on your income.
If all these are put in place that person can buy bitcoin regularly and hodli his investment for a very long period of time. Let's say maybe 10yrs and above because he is at ease with his investment and is not worried about whatever challenges that is faces tomorrow during his bitcoin journey because he is ready on a long-term ride.
If all these are put in place that person can buy bitcoin regularly and hodli his investment for a very long period of time. Let's say maybe 10yrs and above because he is at ease with his investment and is not worried about whatever challenges that is faces tomorrow during his bitcoin journey because he is ready on a long-term ride.
Wetin I know be say person wey no get money no dey save money or person wey never see money chop go begin say dem want save money. So the reality about bitcoin investment be say if you want to hodl am for long, omo you gat to commot eyes for the money wey you don carry invest on am so that e go fit grow over time.
This one mean say you need to get source(s) of income. But usually if you want put fiat for fixed deposit, you no dey touch am until it will mature which means you go still need to get wetin you dey survive with, so na so to invest in btc be too.
You no need to temper with your investment in btc when the time never reach because that time wey you go touch am thinking say you go buy again if em come down, e fit just no come down again. So e better to make up your mind when you want exit your hodling. For now, hodl until bull run begin next year.
This one mean say you need to get source(s) of income. But usually if you want put fiat for fixed deposit, you no dey touch am until it will mature which means you go still need to get wetin you dey survive with, so na so to invest in btc be too.
You no need to temper with your investment in btc when the time never reach because that time wey you go touch am thinking say you go buy again if em come down, e fit just no come down again. So e better to make up your mind when you want exit your hodling. For now, hodl until bull run begin next year.
When it comes to investment especially bitcoin investment I don't think someone without a good source of income should invest or without a job, investment money should be for only investment and not to settle needs, people fail to understand and they just choose to follow others, we hear stories like I bought my first coin and other stories related to that if I may ask who bought the first coin and how sure that you can do without the money, no be when problem come you change mind to invest then that's not investment again na, let's be realistic haven't seen anyone without a job investing in bitcoin but it's best to keep reminding ourselves and sometimes people will always say mostly newbies but not just newbies, even the Woking men who fail to understand how investment works, they'll choose to starve and use all the money to invest that's very bad, newbies and everyone should invest what they can afford to invest, bitcoin investment no need big money na people dey make mistake and I don't blame them maybe na wetin them hear. If person fit dey buy little every month end or weekly depend on how salary come e still no bad.
I have come to realise that what is stopping some people from hodling Bitcoin is not because they do not have patience to stick to their investment. Having a source of income is the only way people can exercise patience to invest bitcoin. It is not possible for one who is hungry and has bitcoin in the wallet and would not want to sell the bitcoin to quench the hunger.
We need more than one source of income to make our bitcoin drive to be sustainable. That is the summary of this first point. To put it better, you cannot successfully hold bitcoin when you are broke and unemployed. To further expatiate, bitcoin is for those who already have a mean of livelihood, who had afford to sustain themselves without having to think of selling their bitcoins for feed. Think sustainability first before investing in bitcoin because it is marathon and not a sprint like they'll say.
I have come to realise that what is stopping some people from hodling Bitcoin is not because they do not have patience to stick to their investment. Having a source of income is the only way people can exercise patience to invest bitcoin. It is not possible for one who is hungry and has bitcoin in the wallet and would not want to sell the bitcoin to quench the hunger.
While planning to invest in bitcoin people needs consider to have a steady flow of income , if this is not available no amount of patience can be able to make hodling to take place. When their is a flow of money one can always look on to for survival and to solve financial problems this is when we can now talk about having patience to hodl bitcoin to gain profit. It something that result to the lack of patience, it can hunger or meeting up the daily needs, if this can be solved it is easy in hodling Bitcoin.
It's very good that we have finally come to the realization that without a source of income, it will be extraordinary difficult to hold, but when basic needs like food, rent is at your neck, you will be forced to sell even at a loss.While planning to invest in bitcoin people needs consider to have a steady flow of income , if this is not available no amount of patience can be able to make hodling to take place. When their is a flow of money one can always look on to for survival and to solve financial problems this is when we can now talk about having patience to hodl bitcoin to gain profit. It something that result to the lack of patience, it can hunger or meeting up the daily needs, if this can be solved it is easy in hodling Bitcoin.
I made a similar post like this few days ago https://bitcointalksearch.org/topic/m.63316374
Thank God that we are finally getting to know more about what it entails to hold.
Inpatient is something wey dey make people no dey keep their investment cryptocurrency, some time me I dey feel say wetin dey make people dey feel say bitcoin investment wey dey into go fit make them lose the money wey dey use invest for bitcoin or any other cryptocurrencies so fear causes Inpatient and na wetin some no no of Investment, wetin dey make them dey feel say na Inpatient dey make people dey fear for bitcoin investment. So when you don already make up ur minds to invest e go better sey the person go for investment wey go last for am, when you invest and quick go comot am for were you invest am, e go make you, you no go come make profit
I have come to realise that what is stopping some people from hodling Bitcoin is not because they do not have patience to stick to their investment. Having a source of income is the only way people can exercise patience to invest bitcoin. It is not possible for one who is hungry and has bitcoin in the wallet and would not want to sell the bitcoin to quench the hunger.
Why will you even invest in bitcoin when you don’t have other source of income? Before you think about investing in bitcoin, make sure you are having other source of income, if you invest without other source of income, then you will end up selling your bitcoin gradually. How will you have some necessary things which you are suppose to do with money, and you are having bitcoin, you won’t have choice than to sell your bitcoin just to take care of all those things. But if you are having other source of income, then you will be able to use the money you are getting from there to take care of things like that and you will forget about the bitcoin which you are holding in your wallet. 
Patient alone nor go fit solve the problem of not selling your Bitcoin especially when hunger strike, na why Dem dey always advise us make we get jobs wey dey pay before we enter this Bitcoin accumulation journey. Bitcoin na coin wey be say the more the hold the better for you, and person wey hungry dey knack nor go fit dey watch em Bitcoin for screen while e fold hand make hunger dey mama am, so make try our best to get something doing before we dive into holding of Bitcoin, or even if you don start to hold make you still find small small tins dey do wey fit dey give you money to take survive, and fit dey top up your wallet balance time to time.
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