Topic: Patience is power (Read 1471 times)

I believe it's fantastic that you discovered a forum like Bitcointalk that has helped you expand your knowledge and enhance your investment abilities. And I'd love to share some of the most important lessons I've learnt from the BitcoinTalk community!

First and foremost, I've learnt the importance of conducting your own research rather than mindlessly following the crowd. There are several viewpoints and facts available, and it is up to each individual to make their own educated conclusion. No one knows what the future holds, so base your decisions on your own study and expertise.

Additionally, I've learnt the value of knowing the technology underlying cryptocurrency. It's not enough to just invest in cryptocurrency and hope as the most effective since it is critical to grasp how technology works and what makes it valuable. It's also crucial to stay current, as I've discovered that the Bitcointalk forum is an excellent resource for keeping up with the newest news and developments. So, given all of this, it may be beneficial to you as well.

In anything you are doing in this world, try to develop patience and it will help you to achieve anything you want to achieve on earth but many people are still finding it difficult to achieve their goal which you can see it in some newbies in the forum by looking for short cut to grow their account, not knowing that if they can apply patience to their learning it will be very easy for them to grow their account.

Any risk you are taking from your crypto trading without involve patience, it will be hard for you to win easily because, the only thing that will save you not to experience losses from that your risk is patience which is the simple strategy many crypto traders use to earn well from the market.

Not really, I don't recommend anyone doing that because when you stake your assets, you lock them up for a certain amount of time and you can't withdraw them before that, maybe there are options to withdraw your staked assets but then they wouldn't give you the accrued commission which makes it pointless in case you need to withdraw and sell your assets when its price goes up.

It's good if you are choosing a plan that wouldn't keep your assets locked up for a very long time and you can see that you are getting good returns on that package. Besides, one needs to make sure that they are staking their assets in a platform that is completely trusted because there are a lot of scams around the industry these days.

If you had said that strategy and patience go hand in hand, I would have agreed because when holding cryptocurrency for a long time, especially bitcoin, you need to use these two main contents, which are the strategies you need to understand about bitcoin, followed by patience, which is the proper method to follow, to successfully hold bitcoin for a hold bitcoin for a long time. 

When we are talking about patience, it comprises many strategies because, if you look deep into it, you will find out that it's not just keeping it for some years, it means you have completely forfeited the amount you invested and you have aimed to leave it for the certain years that will take. For instance, in bitcoin, it's normally the interval of 4 years that the halving normally comes, and that is when we usually expect the bull run, which is when each coin will be expected to have 2x or even more. Knowing that you will not temper with the amount you invested for the period of those years is not a small deal because, even though you have an emergency, you will not touch those funds. 

But when you are talking about strategies of investing, you might not be patient because you will claim to know more about how bitcoin pumped up, which I can assure you that when ever you need money and you see that bitcoin has pumped up, even if it is a small profit, you will still withdraw and be expecting it to drop down again so that you can buy again, so I will. Say that even though you have the strategy, learn patience again because they work together.

Well patient is very important and I believed whatsoever achievement one get or make is grace not what you read about posts, what you read will only guide you on how to go about it, but the chances of it happening is his grace.
However, reading high ranked posts will only guide you.

Patience is something that must be explored within oneself
we are patient too.
makes us optimize how strong we are when hit by problems,

Likewise with Bitcoin, we have to be careful and learn a lot about its specifics
the price of bitcoin is creeping up, a risk-free option that we have a lot of knowledge about
learn.

Knowledge, information and patience is what is needed to make with up in the crypto space. Learning about crypto and making research will help to acquire the right knowledge needed to grow in the space.Getting right information on time can be an added advantage. After this one can buy the right coin and hodl  patiently till it grows.

100% aligned and couldn't agree more as you have made such a sensible response because people need to understand that patience alone cannot win you anything because people either just thing patience is the key or some think that we don't have to wait and stay active and make instant moves wherein both of them are wrong as patience with proper strategy will win.

I know Bitcoin is a long term stuff but you need to have proper strategy because let's say you have bough Bitcoin in 2017 at $19000 and waiting whole bull run of 2021 and eventually sold at bear run during 2021/2022 for $16k doesn't make sense, eventhough a long term investment but need to plan strategy based on our requirement and we should know when to TP.

Everyone who wants to become an investor and wants to invest in one or several crypto products must take a little time to do research so that their understanding can continue to increase and also their knowledge of what to buy and invest in also increases. Because if someone is only patient on scam coins, I think that is quite ridiculous and very unreasonable because scam coins will never improve and will never have a clear future in the crypto space.

People seek their success in any action. Of course success requires the ability to adapt and learn from challenges. That's why you need to set goals, be active and constantly strive to improve yourself. Success doesn't just happen overnight;  It is the result of consistent efforts and persistence. I think strategy is more important than patience in trading. If you don't know the right strategy in trading, you will not be able to hold your money with patience. When it comes to investment, there must be a test of patience, otherwise you will not reap the rewards of patience. As Bitcoin is a long-term investment where you can't expect much from it unless you patiently hold it for more than two to three years.

You can only consider holding of coin to be risk when you're holding the wrong one, if you're holding coin you need to look for a profiting coin to hold. I think holding of bitcoin is not that risky, reason been that bitcoin has the potential to increase in the value. moreover those Investor that usually invest in bitcoin they are always patient enough to hold on to it for long term investment,if you want to make a lot of profit from bitcoin investment, is all about been patient. in life I think patient is one of the key to success, if you're always patient in all your dealings is rest assured that you will make a better future. for example those Investor that invested on bitcoin when it has no value and they where patient enough to reserve it till this time,I think most of them are billionaires by now, that is the reward for being patient.

Now I get your point clearly. DYOR is very important in investing. Just like you said, you can't buy a scam project and expect growth. Being patient over scam coin is just a wait of time. In investing, one must take his time to do necessary research and make a wise decision before purchasing any coin.

I have to agree with this as not all the time patience will give us a positive effect. Some end up missing opportunities because they were too patient and just keeps waiting for the perfect timing until they end up losing those opportunities. This applies to trading and investing with bitcoin. Although we often said that being patient is the key to a successful bitcoin trading or investment, but I think we should also be more greedy and fearless at some point so we can maximize the opportunities in front of us while majority chose to be fearful and not greedy.

That's right, of course, patience is not still patience in undergoing investment in crypto because it is indeed volatile and has a season, precisely must be good at understanding the season and choosing the project we invest in, as well as the selling target must be considered not to overdo it and not be too greedy because we don't know how long the place we invest will experience a setback or have no progress it will result in bad things too, so right, we need a selling target.

I think sir is also the same, one of the people who have a beautiful smile today, although now the market is experiencing a correction but it is far at the purchase price of sir last time, it is very pleasant when you see many people who are fomo, hunting for coins that we have bought at a fairly low price.

There are so many good information we can get here without paying for it or having to make researches before we get close.
This is like a family and we must be ready to research for information that would always be of help to us especially those that are interested in investing or holding Bitcoin. The forum is big enough and it's a place we could gain knowledge from reading different posts.
There are many things we could do to make sure that we don't lack information and the places we could get good information are numerous and Bitcointalk is among.

Investing during the bear market is what every investor should do because that is the only way we can make a huge profit from our investment. It will make no sense if we invest at ATH by then the price of that coin will be too high and even if you buy by that time you will hodl for a very long period of time, so it is better to invest during the bear market so when the bull arrives everybody will be smiling. However, we should not invest in any coin we see in the market as there are some coins that do not have the potential to last in the market. Some of them may disappear while others may not give us the result we want even if they exist.

Indeed, the price when you bought the coins (entry) will have a big role to determine the success in crypto investment. If you bought the coins at at the bottom price, it will be easier to take profits as much as possible. Meanwhile if you bought the coins at expensive prices, it becomes harder to get profits because the chance to increase significantly may be rather small.

However, there are other things that may determine the success. How we set the selling price (exit) and how the potential of the coins are 2 matters that also give the contribution to support the success. If we set a too high target, we may fail to sell the coins. And if we buy the wrong coins, it also can cause the failure although we are very patience people.

For experienced people, they won't care about the FUDs. When it is in the 1-2 years after the bullish season, the price must drop very significantly. They must be aware that it is the best time to buy coins. Almost all the coins have increased their prices very well, people who bought in 2022-2023 must feel happy now. 

Yes that's right, sometimes grasping too long is also not the right thing except for bitcoin in my opinion which is targeted for retirement funds, it might not be a problem because we believe in bitcoin. And in altcoins we do need to see and pay attention to how it develops because that will make why you have to hold on longer or leave as a holder or throw things after making a profit. This is not easy for anyone, but it does need to be done if you want to be a smart investor, being too fanatical is also not a good thing for something that is not easy for us to predict in the future what it will be like, this will go back to each risk profile if based on the scenario described.

Patience does have a significant influence, in various ways. including according to this post, whether it is related to patience to read more previous posts, patience in holding, and also patience in trading. Because it's not just holding that requires extra patience, but also in trading, patience is one of the key factors. However, this is one of the key factors, it's not just patience that is needed, and there are several other key factors that also have an influence.

Bitcoin, no doubt and no wonder.
We already understand the results of patience from holding Bitcoin, there is no need to doubt it. If we really understand Bitcoin, and how its cycles are, then BTC is the most important for holding.

Meanwhile, for altcoins, there are probably a few altcoins that are really worth holding and giving us full patience with these coins. but indeed, the trust will not be complete when holding BTC. There are several altcoins that are quite convincing and have potential, especially if we look at the top coins currently available and how they are developing. As long as it's not hype coins, then it will be much more popular. But, never rely on holding new altcoins or especially hype coins, because that will only make us miss the right moment to take profits.

Being patient is beneficial because it enables people to bide their time until profitable possibilities present themselves. Patience pays off in the cryptocurrency space because it allows investors to take advantage of favorable market conditions. But it's important to understand that too much patience can sometimes result in lost chances. Not every circumstance calls for patience; there are occasions when taking quick, decisive action is wiser. When choosing when to use patience, discernment is essential.

It might not be a good idea to hold onto every coins, particularly if some of them have little value or room to expand. In these situations, waiting around could make you lose money, much like when you lose money when like the way you are losing when trading. As a result, it's wise to proceed cautiously and to invest only in assets like Bitcoin that have a solid track record and bright future. People can successfully manage their investment plans and traverse the bitcoin market by making well-informed decisions on whether to act and when to exercise patience.