Topic: Patience is not enough for hodling Bitcoin - page 4. (Read 800 times)
Truly what you just said is the really fact about it but mostly it occur to newbie who don't want to exercise patience to study bitcoin and also know how it works, just because they saw someone that make it through that way, they will no longer bother to ask how he started and experienced he got before the start, most of our youth are in horry to make it, I can see this is how they fail at the end. They only relay on the information they got and the proceed to invest and after that they will be expecting it to rise in few days so that they can cash out huge amount, I think this is the reason why they can't withstand the hodling and finish all of the investment.
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.
Due to the unsteady flow of income for many people in the country, holding bitcoins is very difficult, more difficult than some countries. The average Nigerian need to have multiple sources of income to be able to successfully hold their bitcoins, or a very good job that the salary is very handsome. Life nor easy for the common man for naija, because nior be small shege e dey see regularly to survive. If to say our economy dey try and government dey do us better, because of the large number of Nigerians who have bitcoins, we should also have a large number of successful holders. 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.
Of course op because is not possible for a man to stay hungry by having Bitcoin in his wallet, which is very bad idea. if you are to stick to the plan by investing make sure you have a source of income or either some funds that can make your living. They're so many mistakes which so many people always run into for example a man has not pay his house rent and his still having Bitcoin in his wallet. The Bitcoin you left in your wallet is at stake it either brings you reward or loss because is all about risk.
If we are to take the risk we don't have to stake all what we have. Stake the one you know you won't get worried at neither it gain or loss
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.
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