Topic: Patience is not enough for hodling Bitcoin (Read 808 times)

Op I'm totally agree with you because their is know how that you would have Bitcoin in your wallet and you allow hunger to kill you in the name of having patience before you know that you we sell your Bitcoin, sticking to emergency fund is always the best idea as a good investor because without that I didn't really think it will be possible to hold Bitcoin for a long time investment. However once you have another source of income that we be bringing money for you of course you are covered by holding your Bitcoin investment for a long term period.

Sir I would even say an amount of comfort is needed, cause you are investing in bitcoin what if an emergency occurs and the cash at hand is not enough to do it and its of high importance, won't you sell that you retirement plan and solve a major problem first. I'm not saying that average perosns can't invest oh, what I'm saying is that comfort is also important. And how do you have this comfort as an average investor, is to build up emergency funds, cause one thing wey dey disturb plan na unforseen  events, so if your already prepared for things like this, the n your bitcoin holdings are 50% safe, the  we can add other things like discipline, income raise and all others

You make a valid point, OP. Patience alone may not be enough for HODLing Bitcoin. It is true that having a source of income is crucial for people to have the patience to invest in Bitcoin. When someone is hungry and has Bitcoin in their wallet, it is understandable that they may need to sell it to meet their immediate needs. Before investing in Bitcoin, it's important to consider having a steady flow of income. Without it no amount of patience can sustain HODLing. When there is a reliable income flow to rely on for survival and financial stability  then we can talk about having the patience to HODL Bitcoin and potentially gain profits. It's all about addressing the negative factors that may hinder patience such as meeting daily needs and solving financial problems.

Well that's right , we are all aware that the pullrun is yet to come . So inorder for one not to miss such wonderful opportunity he or she will have to keep holding aslong as they can.  And we can all see that Bitcoin as spend a long time at the range of $60k even when they where  drop in price Bitcoin kept on bouncing to this same price range. So there's a high probability that of Bitcoin beat the price range of $75k Bitcoin next stop will be around $80k , and after beating $80k the next stop will be at th price range of $100k and above.

So we can manage to tell that Bitcoin going to create another new cool ATH base on speculation, but we can tell what the new ATH price will be and all that . So let's keep holding and when the time comes we will know when to sell expecially for those with nice quantities of Bitcoin stash. That's why is advisable to keep accumulating, and be aggressive as any way he or she can in their accumulation.

Don't stop pushing because consistency matters. Patience is the fuel that drives us into holding bitcoin till this very moment, we just have good patterns to follow because earnings have always been our priorities in the system, it can become challenging for most of us out here but we shouldn't give up because there's more to accomplish. Bitcoin is an important investment in the space, we should always stay mute because there's a whole more coming to our ends in the space. We should never relent but focused on the bright future and never stop anticipating in crypto activities.

You are right. You must have a solid employment before beginning your investment in bitcoin or any other investment, because without money to invest, you will be unable to find patience to stay and leave it for an extended period of time. Whenever you invest because you don't have any better thing to do that will be bringing money to you, it will be very difficult to invest and any problem that comes to you will definitely you will think about money you invest in bitcoin, but if you have any source of income, you can leave your invest and try to borrow from others, then when you receive your salary, you can pay the money you borrow and solve your problem, and your investment will still work smoothly without thinking about am and your money will be increasing that is why you need to get a better business that will be helping to solve your issue without touching your coin you invest in.

Some people have money to invest but are hesitant to do so due to a lack of information or simply because they are uninterested in bitcoin. They will try to discourage others from participating and are unwilling to wait to see whether what they say is real. and some they will start the investment but when they see the coin is dropping down they will start feeling sad and think they will lose all their funds on the investment and that can people can run bitcoin investment because they can't take risk and you will call them they are not patient they mind is on winning anytime and you can't just be winning anytime one day you need to fail to correct your self so that next time you can no what to do.

Op, I will agree with you to an extent because some people who don't allow their investment to stay long is not because they don't have means of survival or what is giving them money. Some people are just like that, inpatient while some people no matter the hunger or situation they won't pull out their money till it get to the point or amount they need. And trust me, there are times patient is not suppose to be an option or consider because sometimes you might regret why you didn't do the needful. So long as you didn't pull out when you aren't on loss there's no problem.

Yes, you actually spoke well my friend, because investing is never complete until there is an alternative to sustain you while the investment holds for either short or long term profit, and as such this has always been  the reason why we always make this popular statement   (i.e invest an amount you can always afford to lose), , and secondly look for a job, because one thing I have noticed is that many persons have this wrong misconception about Bitcoin being a job, whereas it is a currency, and an asset. Which is as though patience is needed, it's also good for one to own a job

There are only few people who are capable of going hungry and still hold on to their bitcoins, i also don’t support the idea of investing and not having a stable source of income because it will only make your investment more difficult. Going hungry and having your wallet loaded with assets just because say you wan invest na act of stupidity for my side, person no suppose suffer because say you invest na why many people de advise make person get good paying job before thinking of investing so you go fit easily carry eye comot for the investment but if you no get work na so so eye you go de put for your investment and with every little dip or little problem you go wan touch your investment.

It is recommended that you maintain a cash emergency fund to keep bitcoin holdings safe for the long term. You need to ensure that the emergency fund can cover the daily expenses of the family for 3-6 months. Having an emergency fund can help you in the future when you lose your job or have a cash supply due to a serious illness. There is no need to withdraw your investment in the middle of the situation. I think it's very important to have a patience in bitcoin investment because holding without patience can be difficult.

Not having a stable income or steady cash flow could make you make some regrettable decisions when you are into all sort of investment, Not just bitcoin alone, but most investment require patience and more patience before it yield. So before deciding to get into bitcoin investment or even other investments and you don’t have a steady paying job or income I will advise as you to hold first.  so as you are saving up for the investment you should also save up for emergency or miscellaneous spending so at least you no go de tempted to sell you investment when you de problem.

We know say patience na de key factor to every good investment but then you need something wey go keep your patience going. Having money for investment is never enough, reading and making research is not enough, but you see that steady income na that one be Koko. Sometimes when you get steady cash flow and  you no make research before you invest fit de profitable but even with your knowledge and research you fit end up running at loss when you no get that steady cash flow.

Who get steady cash flow and no too get knowledge about bitcoin get higher chances of thriving for bitcoin investment pass who make proper research and no get that steady cash flow because who get that constant cash flow fit decide to leave em investment till he yield even if e go reach years but who no get that constant moeny fit end up selling him investment once him enter one kind problem or once hunger hold am him fit decide to sell even at a loss. So try get that constant flow of money before investing.

That is why is advisable to have other sources of income before going to long term hodling, and it will allow you to achieve your goal because you will be using other sources to sustain yourself before the bull run will occur for you to make profit.

But there are some Nigeria people who are still saving money to buy BTC when the price dump from the market, and they are ready to exercise patience until the bull run occur before they can sell to make a good profits.

The steps is to do everything possible to hodl long before you can sell your coins, which is the best step that will make you progress in BTC investment because some people are still finding it difficult to hodl their BTC for long before they can sell, which is the reason they are earning little profits from their hodling.

Before hand we are always advised to have a good cash flow and an emergency funds that could last for at least 3-6 months but here in our country it's not too applicable as most of us do not follow the pattern introduced by these people here. But certainly it's the best thing one can do, you can not say you are a long term holder when you don't have anything doing with your life as it's paramount for your well being and a healthy investment.

Most people do not really care about themselves, so doing the right thing is not always there problem until there is a real problem then they will start looking for solution hence selling their assets my be the next option.

You have valid points here because some people don't put having a steady inflow into consideration because that is the only way to back up your long term investment plan so if there is no steady flow of income you can be tempted to touch your holdings even when you have a long term targets because in some situations you can't bear to see that you have Bitcoins in your portfolio and deny yourself some certain things just because you want your investment to bear much fruits in the future. Having a regular source of income is the only way to be patient enough while waiting for your investments to mature in the long run.

When sighted, we should always targets the very best entries and be patient enough for these entries to come. Bitcoin will become stable and profiting for those traders that have set in good entries on the market. Bitcoin will become one of the promising project but we should also take our time to analyzed the market inother to avoid losses that will liquidate our trading accounts. OP is right, every trader and investors in the market ought to be patient enough because there's more to add to the list.

You are right OP I don't think it will be possible to be patient in Bitcoin investment without having a reserve fund or another source of income, Incase there is any emergency or unforseen circumstances arises you won't reason of selling out your holding or temper with your hodling we could easily take from your reserve fund and settle your present need. For Bitcoin investment is profitable when sighted for long term.

Just having money is really not enough, but having a flowing source of income. At this point it would be good to mention that keeping a salary job might be a source of income flow, as well as doing a profitable business that has survived and is thriving in this economic times.

Discipline is also an accomplice in HODLing BTC as much as patience is, because when one has a flowing source of income and can afford some major expenses, the thought of investing or holding BTC might be just a dream that is unrealistic.
Hence, why one shouldn't wait till there's a flowing source of income before they start investing in BTC to trade or hold.

I agree with what you saying.when involving in holds of cryptocurrency you need to have other sources of income to be able to balance up your life and running of day to day activities as man.so you need to cautious about investing in holding of coins when you don?t have a good a source of income.because that will just lead to waisted efforts if we don?t plan well towards it.because everything is about calculation and common sense.

Yeah. You can’t have money and still be hungry, so many people, especially how the country is currently going, even if someone has the money to invest in it, he will rather use the money and eat food because bitcoin investment is not for everyone. Seriously, some people have the ability to even take the risk, but funds to invest in bitcoin are not there, and while some people have it, taking the risk is a problem. So what I can say to all investors and people who are planning to invest is to well plan everything and strategize so that after investment there will not be a problem of finances because the market is very volatile and can change at any moment.

patience is part of it because not everyone can hold money for a long so it takes a lot of commitment to hold money. and immediately you start investing there should be limitation for any kind of spending. and you have to have prepared your self mentally before starting, so that you do not drain emotionally if the price is going down or even worst. and there are and that faith have to be strong because you not really what will happen next while gambling.


if I should invest and there is an emergency and I don't think I will keep it I will rather solve my needs and continue with my investment because there times that you will be in serious need. and that is all part of the bitcoin is an investment and also a problem solver because we all know that times are hard so lets be sincere who will have money and still the same time have an emergency and will not want to sell just because you want to make sure you don't touch your emergency. the things mentioned are very important to succeed in bitcoin especially income.

Keeping Bitcoin needs more than simply being patient; it also involves making the unwavering decision to stick onto your investment in spite of changes in the market or other influences. It's about maintaining a long-term investment perspective while withstanding volatility and resisting the need to make snap judgements. holding therefore denotes tenacity, resolve, and faith in the long-term potential worth of Bitcoin.

First thing wey we need to consider before we enter this holding of Bitcoin journey naim be to get work first. You need to get source of income so that you no go invest for this week make hunger come let you sell you coin next week. Many newbie they experience this thing because their pocket no reach the zeal wey Dem get to invest for Bitcoin after Dem don gather enough knowledge about am. so even if na hand work we good make person for learn so that e go fit dey get small small thing for inside to take invest for Bitcoin. As e stands I get 2 handwork and I dey use dey hold body small small come still dey do DCA.

It depends on an individual income, though I see income as a distraction or limitation on the part of investing in bitcoin, no matter the amount you earn monthly there is still an offer for you in bitcoin, you chose the strategy that goes with your income, no doubt emergency fund is good, a little saving is excellent too, but this things should not stop you from investing, once you invest what you need to do is, improve in your earnings because this will help you not to think of withdrawing your investment, investment in real sense should not be done when you are in your comfortable zone, investment is initiated when you have the opportunity and the fund to do so.

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In deed patient they said is a virtue but has rudiments for it's accomplishment in the journey of Bitcoin holding, many has gotten into Bitcoin investment without having some vital basic comprehension of what they are getting  in to. Individually cash flow is an important factor to be considered before considering Bitcoin investment, Bitcoin investment is not a quick get rich investment but a future investment that tend to leave a generational wealth to those who understands it's significant and accord by it.
Any one venturing in to Bitcoin investment should have divers means of income and a better strategies of utilizing it, the budgets should  be analyse properly in other to avoid selling off your investment without reaching your espected end. Instead of selling think of other means  of increasing your income flow like a second job to enable you hodl. Really happy for the knowledge sharing in this forum.

Op you are 100% correct no amount of patience wey person fit hodl bitcoin wey the source of income no fit meet the needs of the person.For this Naija wey we dey so e dey very difficult for bitcoin investors to hodl bitcoin for a long period of time,nai be say the person no get needs to meet up.Patience fit dey oh to hodl bitcoin but na for people wey their source of income fit meet up their basic needs.

The number one reason why pesin no go first be a long time holder of Bitcoin na if you dey jobless. Not working or not having a business that can be generating a source or multiple streams of income, go make your effort to hold bitcoin dey very difficult. You no go dey hold bitcoin while hunger go want kill you lol, you'll forced to sell and feed yourself. De exception na if you be one of those bitcoin OGs, wey stack up Bitcoin very early. Even if you no work or setup any business, you are made for life.

Investment suppose be wetin you go do for future use no be something wey you go so based on say you wan use am now now or small time after you invest am, e suppose be say you go invest am then after like months or years you go go back to check your investment, if e don come out better money then u fit withdraw am make you use am do anything wey you want do, no be money wey you put tomorrow you go com wan take am tomorrow. Na why e dey dey important say make you dey hustle, you no fit just carry all your bind put for investment, when investment money never come you go need to dey take care of yourself till the investment money mature.

Throughout the period wey the investment dey mature you go fit dey sustain on your work wey you dey hustle normally until the time wey you want collect your investment and that na the best style be dat. No depend on your investment to get your daily needs if not you no go fit wait make your investment mature well make you for enjoy am.

What you said OP is actually the truth about bitcoin investment. People talk a lot about patience and how powerful it is to exercise patience while investing in bitcoin. We always forget the part that will make the patient been exercised well which is the steady flow of income for the investor. Without a steady flow of income, patient will just sound like an hard term for you that you’ll employ in your investment. It will be hard for you to exercise the patience, because even when you want to, the forces of needs that you need to solve will not allow you to do that. Having a continuous source of income will help you in achieving your investment goals in bitcoin, but without that, your savings will not increase but rather it will be reducing and you’ll always be at loss always.

I've spent a lot of quality time going through the discussion in Buy the dip and HODL and I learnt a lot of the ingredients of successful Bitcoin accumulation and management. The areas of emphasis in that discussion was how to buy and what it takes to HODL Bitcoin for long time. From the discussion, to successfully hold Bitcoin for long term, there should be provision for emergency funds in addition to making sure that personal needs are met first before making investment in Bitcoin. The reason for the emergency funds is to ensure that one will not sell the Bitcoin when not planned due to emergency.

So it is important to set aside funds for basic needs, then emergency funds to be able to HODL Bitcoin for long term.

E just be like this popular saying which goes na person wey don chop na dey save money or invest. The importance of having a steady income flow is overwhelming overlooked by the trooping number of amateur and newbie investor who are only triggered by the positive view of getting to save your money in Bitcoin but they fail to understand that Saving or investing in something is not as easy as it sounds, there is lots of discipline and numerous factor to it and if you are not well prepared then I could boldly say you are just fucking wasting your time.

You are right that lack of source of income could stand as a barrier to some investors who doesn't have any other ways money is coming from but however before the investors should have started the investment he should have considered those probabilities that his investment could be tampered if there is no other way of getting money, so perhaps after identifying those disadvantages they will either wait till they have accumulated enough funds that they will not only invest but also putting a little business that will be helping them by yielding interest either on the daily basis or weekly basis while they keep regularly investing on Bitcoin with some of the profits they realize from the business.

So perhaps with that there is no way they can tamper with there investment because they have other things that's sustaining them and talking care of there daily needs, so actually planning is essential in everything we do especially during our investment because just like what they said that he who fails to plan, plan to fail, so perhaps we no that there is need for everyone to invest on Bitcoin but however there is no way I will advise someone to put all the little money he has on investment when he has no other means of getting another money so instead I will advise the person to start up small businesses that could help him rase the money he will start investing on Bitcoin because with this way the person will become a bit stable.

The truth of the matter is that hungry stomach is always looking for what to eat that's the nature of person that don't have enough to save any one available is always an option. But another thing is that not everyone one that have zeal of saving even when the money is available the spirit of pleasure most time control people that don't have power of them, they spend even what they would have save and regret later after when the money is no longer there. Example my friend dad when his was working in total energy, buys everything that comes around him reason being that he has differed before and want to enjoyed to cover all his suffer ,that he can't enjoy in the grave person with such mentality even when the money is available can't save reasonable money.

Exactly, patience is a virtue many might have but what better way to exercise it with respect to hodling if you ain’t got other dreams of income. For one one to be able to hodl or take up any investment in life, you sure need to be alive first. A dead man can’t hodl nothing and as such, you need to be running your life and day by some means before being able to have some investment set aside successfully to maturation.
In trying to hodl, get another source of income. Something not within the crypto fields a job that is run by the world order, something you can comprehend, fully understand and have got a great deal of control over. That way, you would be able to make plans and do proper money management to handle the huddles life would throw at you.

Sometimes no be only hunger but as na humans we be something unexpected fit come wey go need money and without money that problem no fit solve and you go like use your investment money na why no be only steady money but when the money come no use all invest at least keep some to settle different problems. This thing wey you talk na true no be only Patience we need, we need both funds and Patience to succeed because when money dey you no go too focus for the investment and it's very important to have something doing before investing to enjoy the investment.

Just to add to what the op have said which I totally agree with, patience is a virtue no doubt but having patience alone can't do the magic when it comes to holding Bitcoin rather you need either a stable income or steady flow of income to help you not to self off easily when holding Bitcoin. One more observation which I consider very necessary when holding Bitcoin is Determination, someone who has no determination can't hold Bitcoin for a long time regardless of the amout of money which comes to the person on regular basis, you need to have good income, you need to be determined and you need patience without all this you can't hold Bitcoin even for a month.

Apparently if you must make it prosperously in this Bitcoin investments industry, one must be possesd with you the abilities of patiency and of course have an alternative source of income because both would enhance your possibilities to achieve your crytop goal of profit

That is why it is good to understand the basic about Bitcoin investment before starting any, as to understand how to manage the risk.

Firstly you don't start any investment when you are not financially stable and capable of carrying out the cost of living. We should understand the basic to invest with our spare money, what we are capable of loosing anytime and also keeping aside enough funds for emergency. If you are well prepared and then invest their will be no circumstances that will make you alter your investment

You no get patience then, if you no fit hodl your Bitcoin in all conditions then you no get patience, wetin you go talk na say to make you get more patience e get some things wey you support dey do and no be say patience no dey enough. Patience dey very enough, but enhance it more so you don't lose the patience. Bitcoin na long term investment dey sweet pass, as you dey buy today just know say you no supposed sell untill many years in the future, no be say na rules but na that way go fit give you better profits pass all this buy and sell wey people dey dey. No be say e no dey pay as buying and selling dey also pay but you no fit use am compared to hodling strategy


You talk well but patience still dey very important because e get people wey get money but na that Bitcoin wey dey fall so for price na where there mind go dey. E get people wey no get patience or dem no wan see their investment dey lose value. Immediately that one happen dem go just rush sell as dem no get patience. Since na investment you dey do, e mean say you no dey plan chop from that investment anytime soon so you no suppose dey put mind there but get other things wey you go dey do wey dey bring money so investing without a source of income wey go sustain you be option self.

I think this is similar to making fixed deposits In banks. Interests are way lower than what you'd earn in hodling but at the end of the day, if you are hungry or in an emergency, you'd collect or liquidate it.

First of all, understand that if you don't discipline yourself, it's going to become a habit and you're not going to be able to save anything. You're going to start from hunger, move to necessary dresses, down to unnecessary things like show-offs and parties, confusing needs and wants.
You don't necessarily have to hold everything, liquidate some and hodl some so you won't starve and you won't spend on unnecessary things. There are lots of wallets that are fixed for hodling. You put your Bitcoin in and lock it for a specific period.

If the amount from Bitcoin isn't enough, or you feel you're moving at a slow pace, loo for a side hustle or get a main job. The worst thing a person can do now, especially in this country, is to depend only one stream of income .
But, all in all, don't give yourself excuses for impatience and lack of discipline.

Op having a source of income that will take care of your financial challenges alone is not enough in holding Bitcoin. Apart from having a source of income, you need to understand these two things before you can successfully hold your Bitcoin for the long term, such as.
1. understanding that Bitcoin is not a get-rich-quickly scheme so it will enable you to hold your Bitcoin for the long term even when you have not seen any profit from your Bitcoin investment.
2. Understanding the volatility part of Bitcoin so it will enable you to hold your Bitcoin and not sell it when there is a drop in Bitcoin price because of fuds around Bitcoin or when there is a manipulation in the crypto market.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.
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

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.

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.

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.

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.