Topic: Patience is power - page 4. (Read 1811 times)

Holding is better and less risky for crypto beginners than engaging in trading, but I don't advise you to leave one for the other, trading can make you a whole lot of money too, the longer you remain a trader the more you will be good at it, so don't leave trading, keep holding your favorite digital assets but also keep improving your trading skills.

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Trading is harder and time-consuming, but you can skip all the stressful parts and go for better trading tools instead of trying to do everything yourself, there are tools for buying and selling online, it will cost you some money but it will also pay off.

Nothing comes easily, to even be a successful crypto holder you must know where to invest your money and this doesn't just happen, you need to know how to pick good crypto projects, which is also risky, but it should be easier than trading for anyone serious about knowing how to identify a good project out of dozens of other bad projects.

  Patience is important since human beings are only a small part of this entire creation and we are just doing the part of job that is within our ability and control. We have the total control of the actions that we take and minimal on the outcome. We need to perform as per the conditions, environment, possibilities and within the total realm within which we are putting our efforts. We have little control over the thoughts, actions of other people as well as the way nature acts. Patience is the mindset that keeps at bay many of the notorious mental states like agitation, nervousness, anger, agony, instability etc. it is one of the virtues which does help us to grow mentally which means evolving higher. Patience is important to have control over self and deal any situation ensuring to keep harmony in inner and outer environment but we need to inculcate other virtues along as that could be automatic attraction when one is following path of value. Some of these virtues are; consistency, persistence and control.
  Patience is important because it allows us to take a step back and look at the big picture, rather than getting wrapped up in the moment. When we're impatient, we often make decisions or take actions that we later regret, because we didn't stop to think about all of the possible consequences. Patience also helps us to stay calm and collected during stressful situations, which can ultimately lead to better outcomes. By learning how to be patient, we can develop better judgment and make wiser decisions, both in our personal lives and in our professional lives.

The market goes up and comes down, it all matter the section you enter the market. Investing in the market comes with a cost, not giving up but doing everything to enabled oneself seeks the potential merits of having safe path in crypto. Power is generated by patience, which is the master of all compulsory subjects.Those investors that invested in bitcoin a decade ago and having the mind to exercise patience till this very phase of the market, they're the ones reaping the market and also having good moments exploring more sectors to bagged altcoins.

Patience help you to get everything right and, if you are hodling BTC during the bear run, it's the patience your embrace that will make you not to rush to the market to sell like the way some hodlers who don't have patience use to rush to the market to sell and start regretting why they didn't exercise patience.

 Just exercise patience in your learning in this forum and you will get it right by start developing some quality post, which is the major thing that is attracting people to merits you for the quality post you make and to encourage you to continue improving in quality post.

A story of an elephant and dog giving birth is very common. And it says that an elephant and a dog conceived at about the same time. After six months the dog gave birth to about a dozen cubs but there was no prospect of an elephant. So when the dog asks the elephant are you really a pregnant elephant? I gave birth to about a dozen babies in six months and they are all grown up now and I see no chance of you having any. Hearing the dog's words, the elephant said to the dog, "I have a baby elephant in my stomach, no dog has a baby." Two years after I had a baby and when the baby was born, the ground shook, and everyone looked at the path it would take in wonder and amazement.
The essence of the story is that if you want to get something good and valuable in the world you must have patience
and must contain it does not suddenly reach the hand. A lot of sacrifices have to be made to get that. So it can be said that patience is a power. It has to be patience to be successful. Nothing comes easily. And what is readily available is garbage.

I guess if you can afford and you are ready for small loses, small amount of day trading now and then wouldn't be a problem, especially if you have a lot of free time, and you are planning to do day trading with quite big amount in the future, eventually you will lose some, better to loss some money to gain some knowledge about trading then to just lose money without getting anything.



This is partially through, but to put more context I think what important is that, new member shouldn't pretend to know something that they don't and they just make some post that they are not actually understand.

But what I can say is that you should do things that you enjoy as long as you it didn't harm you or other people.

You are actually right that patience is needed in the industry to be successful, but I want you to know that patience alone isn't enough when it comes to Bitcoin investment, you might have the required patience but you don't have the source of income and an emergency fund to fund your daily lives and sorts out some financial pressing needs in your life.

So if you don't have emergency fund and source of income, you will be forced to tamper with your investment, and you will definitely eat it up bit by bit due to the fact that you don't have any other income coming in,  so patience alone is not enough.

After the join of the great forum I'm learning and forever will be continuing.
I really don't know "FUD" AND "FOMO" may you please describe ?

The thread title is definitely correct, especially when it comes to Bitcoin in general, HODL'ing
and trading requires patience.

Patience has two evil enemies which can make their way into both HODL'ing and trading,
they are FUD and FOMO. If we can master the discipline of  patience we are less likely to
make moves at inopportune times and suffering lisses as the OP posts about.

Newbies can indeed learn from older threads and posts about patience and experience
will teach a few lessons too.

What is it really?. Now this got me confused to be honest, some people and including myself would say, knowledge is power instead of patience is power. When it comes to trading, it is risky and it's not all the time you will earn profit but also losses. Even traders that have been trading far longer than you even experienced losing profit. As others have explained, holding crypto is less risky since it's only the value that decreases but the amount of crypto you have doesn't change let's say 1 btc is still 1 btc regardless of its value. Anyway, patience is virtue.

My own experience about trading these coins and my view is that, trading is a side gig not a permanent job, as the user doesn't enjoy health insurance or retirement plans.
Meaning, to have a side gigs, you need to secure a permanent job with a monthly or weekly payment, so as to trade efficiently, what makes a winner is the courage he possess, having a side gigs will go a long way in boosting that courage.
The second key element is patience; knowing about market flow is something that has to do with careful analysis and patiently waiting for the wave to come to you, heeding to the fact that you can't change the direction of the flow, so learn how to follow it.

Exactly, this is the initial capital that holders must have when they want to invest in crypto. Because crypto is quite high risk, the fluctuations are also very high, so the ups and downs of the price of crypto, whatever coin it is, will definitely be high. So, if we are impatient, we will be greatly affected by very unstable market conditions. And of course this will also affect our mentality, which can then make us decide something in a hurry without careful consideration. Impatience can also drive us to be emotional and panic.

Whatever the investment, patience is the key to success in investing, especially Bitcoin investments whose prices are very volatile, but with a four-year cycle, with patience you will get better profits.

Actually, the toughest enemy in investing is ourselves. Most losses when trend changes are thought to be corrections but in fact they continue to become new trends, so the importance of patience here, always following developments and knowing how to manage finances is important. because if you can't manage small money then you won't be able to manage big money.

By joining the forum we can gain a lot of knowledge and yes you are right that patience is power cause if we have Bitcoins and then hold it for long then for sure we got a lot of profits in the future. like what happen to those hold Bitcoin in 2023 and then now almost 2x the price increase. But we are human and we felt bad once we are doing the same thing when holding a coins cause the price is volatile. which means there's a chance that the price getting lower and made we think that sell our coin's.

Without patience it is possible to achieve good profit from Bitcoin,  people can only cope with bitcoin if they can exhibit patience. Bitcoin price is volatile and sometimes it can fall very dip it is only patience can help one going when the price of bitcoin falls. getting profit from Bitcoin can't be predicted it is patience that can make one to wait whenever the market increase for profit to be achieved.  Patience is just everything for successful investment.

Making money as a crypto trader or investors is all about staying patient and ability for us to learn as fast as possible.
There are so many things we can learn in the market that can be giving us quick profits but all we have to do is to have the idea and the opportunity of where to learn such a skill for us to make money in the crypto market.
Thise that knows how to invest in the market would want to try every thing possible to make money.

   Indeed patient is power and powerful, without patience you can not give the time and strength needed to make those changes come forth. When you have patience you are well fortified to with stand any stress and challenging times in your life,and it helps your general mental health and well-being because it can help you to prevent and recover from being emotionally and physically tired after doing a difficult job for a long time.
   
   Patience gives strength and zeal to look over  obstacles and challenges you face ,it can help reduce stress, perseverance and supercides challenges, when you have patience in you and you don't act ,does not mean you can't act rather waiting for the right time to act for the right principles in the right way.

I'm sorry, but I don't mean that patience doesn't matter, I mean that it's not the main thing. All those investors who bought coins that no one believed in and waited for their growth were patient. But! First of all, they were smart in analyzing these altcoins, because there are a lot of scam coins on the market, and the ability to analyze a project is the most important thing in our work.
After all, you can patiently wait for the coin to grow, but if it is a scam, it will never grow.

To your advice hopefully we will benefite and also you told before experience about criptocurrency. we should be take advice form senior of the forum like BTC. I am doing a trading job in the several time thinkig a part of time keeping this forum. Life is so defficult, if have no more and more money, for earn money must have any alternative income source. According to the BTC trading past several years I'm so excited about the price. However maximum person Know the Bitcoin as cryptocurrency but didn't know how to invest and alt coin. I'm one of them and decided to spend more time in here and trading in cryptocurrancy (BTC). Before trading I should be keeping patience to read the advice to High ranked members. Hopefully everybody help about staying the forum and provide advice.

Patience is always the key, most likely in trading where you are trading in such an unpredictable market price. However, I believe newbies kept losing not because they are not patient but because they become greedy and keep chasing for instant profits. Not only in trading but even in buying and hodling their coins, they just expect to buy and sell whenever they want to and expect that they will get instant profits.