Topic: Patience is power (Read 1811 times)

I agree with you. Patience and courage are very important in investing and how much profit an investor is going to get depends on these two factors. Every time I see experienced investors make investment decisions against the current situation that amaze me and they make profits out of it just because of their investment audacity.
Experienced investors buy more when the price of Bitcoin rises and this is a strategy to get more profit.

There are investors that experience and do this every cycle of the bull run, they're buying at the peak and despite that, I think that there's still something good with that because their patience is being developed. On the other hand, being patient and waiting for the right time to buy is, you'll never be that time because there's always a lower price that you might think of and will stop you from doing some actions of buying.

Those that are smart and wise nowadays, they've experienced the worst from the market. And with that, it has taught a lot that can be applied even in today's time of the market.

Exactly, there's always the plan about the period of your investing but if you plan not to exit the market, then keep on buying.

You can be patient at the wrong time too OP,  for someone who is looking forward to making some gains in Bitcoin, they need to buy when the value is not looking attractive at all, if you buy the top and keep holding hoping it will keep surging you will wait for many years to come and that will cause you pain..

To be a good investor you need to be smart too, know when to buy and hold unless you want to hold for the long term then price action won't matter, patience needs to meet the right time because if it meets the wrong time it will all be in vain.

Every investors needs to have a plan, don't just buy and buy when your plan to take profit is in the short term, you will get wrecked.

It is true that in any activity patience is always a strength. Because with patience you have the ability to restrain yourself before making a decision, always focus on the goal and not panic. Before making an investment, you must learn Patience, because patience is also an investment for your mental needs too.

Especially in the crypto world, patience is one of the factors of success. In addition, patience can also be said to be one of the most difficult trading skills to develop, but if you are serious about learning it, especially if you often read threads shared by seniors here, it will be easier. Because by having patience you will become disciplined and can control your emotions so as not to make impulsive decisions, especially when market conditions are fluctuating. On the other hand, to understand this forum and want to develop in this forum you also need patience as a strength to be able to survive here for a long time.

I have never been against trading just like so many persons are against it. I have this conviction that trading is not for everyone in as much as anyone can be willing to start trading. It involves risks I can't manage which is the main reason I decided not to trade. But for those who started Bitcoin as a trader, I must say they have a strong mindset. Looking at the fluctuation of the price in real-time when you know a huge amount is being risked is frightening. It takes one who has lots of funds to be satisfied to take the risk in trading. Anyone who is not financially stable shouldn't be ready to trade because I have seen friends who are into trading with the little, they have, and they end up losing all of them. Sometimes they get to profit but most of the time they are left with no money to continue trading. It will take them months to get back up again and try trading. But with a steady flow of income one can be successful in trading.

This is the mentality that most of the high-ranking members here advise to the newbies before they start trading. The main issue with newbies is that they don't listen to others and only believe in their own thoughts, which are often not mature in relation to trading. As a result, they face losses. However, if they practice patience, they will not be ashamed of trading, meaning they will rarely face losses.

At first, you didn't listen to others and faced losses. Now, when you have developed patience and read more than you talk, your predictions go the right way. Thanks to those people who share such information here in the forum for the newbies.

I completely agree. Patience is key in cryptocurrency world. Many people lose money because they act too quickly and sell their investments when market changes quickly. This happens because they do not have patience and can not see big picture. To succeed we need to be patient and hold our investments until market calms down and comeback in ptofit. With patience and right mindset we can handle market ups and downs and reach our financial goals. Focus on future and prepare for it don't get caught up in short term changes.

Training patience is difficult but somehow they have to learn to be trained if not then it will not win until whatever including some that are invested then they may not be able to hold it when the market crashes, often think “I don't want to lose a lot of money better cut-lose” but logically we invest in bitcoin by looking at the history of a few years it will definitely come back and break the ATH record again, this all requires patience with a long time.
Once again I am not sure about some long-term altcoins to hold, for me altcoins are only for the short term.

Yes, if you are too excited you will be a loser most of the time. If we calculate the value of Bitcoin today, you can surely understand how much the early Bitcoin holders have reaped the rewards of their patience. I think there are a one-two alt coins that are worth holding long-term like Bitcoin. Many times many people prepare to invest in bitcoins for long term but their patience is not tested, when they see that the price of bitcoins has dropped so much they want to sell them and many do. Everyone wants to be patient, but not everyone has the ability to be patient.

Being patient is very good more especially in this Crypto space, is obvious that bitcoin investment requires enough patient to be able to hodl it for long term investment, without you being patient there's no way you can get profited from bitcoin investment. because bitcoin investment is very different from other Crypto investment, like altcoin and memecoin that doesnt requires enough patient. this above mentioned coin is not always good at long term investment rather is a coin that can profit one in a short term investment, though most investors prefer to hodl bitcoin for long term investment instead of investing in altcoin and as well memecoin, due to the risk that is involve when investing in this coin. however the reason why most people also choose bitcoin instead of alt and meme is because the risk that is involve in bitcoin investment is very low compared to the risk in other coins, for those investors you have chosen to invest only in bitcoin we need to be patient to be able to hodl it till the right time. because most people are discouraged due to the dips in the price of bitcoin, i will advice that we shouldn't be discouraged, as long as Cryptocurrency is concerned there's always a dip in the price so the dip should not hinder us from reaching our target because is a general thing in this Crypto space.

Sometimes being patient also requires someone who continues to encourage us, of course he has previously reached the golden age and has passed it.

Why is this necessary because the presence of this person will more or less continue to grow our trust in what we invest in. For example, when prices crash and decline, there is a feeling of just getting out rather than making a lot of losses, even though we also know that this is the process of investing or trading.

Patience is needed for us to succeed in the cryptocurrency world and every other things we are doing.
Impatience is one the the reasons why many crypto traders and investors earn up in loses because they are not ready to hold their portfolio.
Panicking has make some in investors to end up selling their holdings because they could not wait for the market to move well before they sold their crypto portfolio. We can still make money in the market if we have the patience and the mindset to succeed.
Majority of traders are still finding it hard to get things done because they are always panicking and nit investing in the future.
The future ha sit own package for us but we need to prepare so we don't earn up losing big.

In other to be successful in life one needs to be patience , which will make you pass through hard time to achieve your goals . Patience gives you power to change and make something new to have a better life,when you are patience, you tend to be more focus in achieving your real goals , having to know good skills in your profession. When you are patience, you don't rush into conclusion about any issue brought before you. I will say patience is wisdom that gives you power .

be patient and continue to hone your analytical skills, this is what you should do, however a trader will suffer big losses if he doesn't have patience in managing his emotions, I am a passive trader, I don't trade often, I only trade when the market is good in my opinion, recently I made a profit of around 30% from the $ 100 I had in trading Solana, the point is patience and I have felt that the benefits of patience are very real

Both strategy and patience are important. None is more important than the other, only that strategy comes first because that is what helps in making us know what to look out for to pick tokens to trade. And the ones not to pick. Patience is waiting and making sure that those things happen before or after the trades happen. A trader without strategy will always loose and a trader without patience will also not win more often.

As long as you follow the rules, everything will be under control. When I was new to the forum reading my forum posts was kind of boring, attention was low so everything seemed complicated to me. When I promised that I would work here according to the routine and try to learn. When I followed my routine the first week was difficult and then I tried to follow routine A to Z slowly. After a few days I felt good and comfortable reading my forum posts, also a good opportunity to learn about different currencies on the forum. While almost everything on the forum seemed easy, I felt that anything can be mastered with patience.

Here surely the higher level people give the most updated information, and accordingly if we trade or hold Bitcoin it is definitely possible to be successful. Because all the people here are experienced, long-time Bitcoin holders.

Hmmmmm... That is right and I totally agree with you. Many people invest in cryptocurrency without understanding risks and benefits which leads to unnecessary losses. It is really important for investors to do their research and understand  market before investing. Patience is very important but so is being informed about what we are investing in. We do not just follow friends advice and we should do our own research or we might make costly mistakes. By learning about  market and making informed decisions investors can avoid common problems and be more successful. Investors should take charge of their own learning and success.

Going through series of threads and as well Taking your time to read as many as you can, Actually I think that's very thoughtful of you, how I wish every newbies will be like you, because with the way you go about it the chance of you experiencing lose in the market is very low. reason is because you're not curious about making Investment, you just take your time to get all the necessary information about crypto investment before looking out to make Investment I'm really proud of you I most say.

You are absolutely correct and this alone has been the reason why most people do get loss while investing or trading and most people don't know that is what is really the cause why they loss in most of their trading or investing and I wish most investors will be aware of this and it will really be of help, because most people don't really study or go into research of crypto before involving themselves into crypto, once they ask their friends or loved one's who are into crypto and they told them that patient is the key to crypto, that they are go to go.

Although, they are right, because one of the things for someone to be a trader or investor, it requires patient but that doesn't mean, they will fold their hands without doing research about it, because if they fully had the idea of what they are going into like you said, they won't be a victim in some situation they find themselves in.