Patience is power - page 5. | Bitcointalksearch.org

odunybiz

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Quote from: summonerrk on February 01, 2024, 05:28:25 AM

Quote from: JMBitcointernational on January 15, 2024, 09:30:58 AM

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

Patience is not always a good thing in the world of cryptocurrencies. You can buy tokens cheaply and start waiting. To wait and endure, to see that the tokens are now worth x10, but at the same time to endure and not sell them. After that, they will fall by 0.5x of the original cost. In cryptocurrencies, the most important thing is dexterity and the ability to quickly learn and be the first. You should always read all the information, be able to distinguish the prospects of coins. And it's good to tolerate it, but not the main thing.

You can't just conclude that patience isn't needed in cryptocurrency. Those that really made it with Bitcoin are those that bought when it was no value and keep till it become something. Although being patience may make you lose if you are holding an altcoin. Just as you have said, if care is not taken, your dollars of altcoin may turn to dust.

Mame89

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Quote from: God bless u on January 31, 2024, 11:51:01 AM

Those who will not be patient in trading will be able to bear the loss more because trading is something in which patience is very powerful. You can increase and you can increase your investment even more but for that patience is a great power that means if you are not patient then you will have to bear the loss. I have seen many people like that. People who have been patient in trading and then have had enough results have benefited only from the result of that patience because in patience you will not sell any coin in loss, just always. Will wait for profit because trading need only patience not to be Panic.

In investing and trading, patience is the key to achieving success, this is non-negotiable. because this has become an important point in trading to avoid panic and losses. Apart from having to instill patience, in my opinion, understanding before entering the world of trading must also be opened to open the mind that in trading what is mandatory is to form one's psychology. Because psychology is a way for traders to get consistent profits and also you can recover when you experience failure. By being able to master this psychology you can also overcome trauma, overcome fear, overcome FOMO, control money management and control risks and profits so that traders become successful and successful traders but also calm.

SOKO-DEKE

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Quote from: JMBitcointernational on January 15, 2024, 09:30:58 AM

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

The advice given for newbies to stay away from trading is all about the risk associated with trading, and newbies may not have deep knowledge about trading, like doing their technical research and some skills that are required to be successful in trading. When someone lacks knowledge and trading skills and involves themselves in trading, it is a big risk because they are likely to lose all their funds.

When you have good knowledge and skills about trading, you will often make profits from it, despite the risk it involves. But the best way to enjoy the cryptocurrency industry is by holding a coin like Bitcoin without much stress. Just buy and hold it, and try to provide it with good security by storing it in a non-custodial wallet. With patience and holding it for a long period of time, you will surely make a good profit.

kasablings

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Patient is power for real it works i add an experience about crypto when learning about it.i bought some coins to keep so when it rises I can sell and make profit.but impatient me the coin started to drop down which I was scared losing my money,but a friend of mine told me to hold on but I refused and pull out my money.then when I checked back in some months time the coin as appreciated more I started having regrets.if I was patient I believe I would have gain more.

Maslate

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Patience and proper investment attitude will create more power to make an investment work and succeed. Even with trading, patience should not be underrated. You will never make a good entry or a perfect exit while trading if you are not patient enough. Same with hodling, you will never experience those life changing profits if you don’t have the patience and the right attitude while holdling, as others might suddenly end up quitting when they see their investments are falling which may lead for their losses as well.

bangjoe

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Quote from: summonerrk on February 01, 2024, 05:28:25 AM

Quote from: JMBitcointernational on January 15, 2024, 09:30:58 AM

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

Patience is not always a good thing in the world of cryptocurrencies. You can buy tokens cheaply and start waiting. To wait and endure, to see that the tokens are now worth x10, but at the same time to endure and not sell them. After that, they will fall by 0.5x of the original cost. In cryptocurrencies, the most important thing is dexterity and the ability to quickly learn and be the first. You should always read all the information, be able to distinguish the prospects of coins. And it's good to tolerate it, but not the main thing.

But for a market situation that is still growing like this it is indeed time to buy and hold, we see from the price growth from the beginning of the cycle when bitcoin fell to the price level of 15K and we have experienced a 150% increase for bitcoin, and other altcoins are more than that the average increase from the beginning of 2023, such as solana, Avax and others have experienced a significant increase, we just need to know when we jump in and choose projects that are stable in their development.

unless you gamble on memecoins, don't be too hopeful even though the profits can also multiply many times over in the future but it has the opposite potential too, it might go to zero and you can't sell it, if you want to play in a small token then it's better to spread seeds in many small projects and still get upgrading.

justinlamode

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Quote from: Zanab247 on January 31, 2024, 07:45:39 AM

Quote from: Finestream

Patience is always the key not just in long term hodling, in trading, but even in studying and understanding the forum as well. If you are patient, you will absorb all the information needed to make you a quality poster, a good investor and a reliable trader as long as you do your own diligence to research and study. So I totally agree on you OP, not just newbies but all those who want to take risk in the crypto space should have high patience to gain their innermost desires and goals set upon entering crypto.

Just embrace patience in that coins you are hodling or trying to buy from the market and you will see the benefits of patience and you will like to always wait for the right bull to come before you can sell to make money that will give you courage to buy again when another bear occur.

The reason why OP mentioned newbies is because newbies always fall victim to such things in the market to loss some money in trading and, they need to start exercise patience in hodling whenever they succeed to buy coins from the market to stand in a chance to achieve something big in the bull market.

Don't advice anyone to be patient with any coin that is not Bitcoin, most of those coins dies with time, the are only valuable until those who created them finish selling theirs. The worst thing that can happen to anyone is holding coins that are not worth anything. If being patient is with coins like Bitcoin, then it is worth it because Bitcoin will always rise as time goes on. For those who want to gamble with altcoins, the can consider selling as quickly as they can before they regret holding a bag of air that will evaporate at any given chance.

summonerrk

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Quote from: JMBitcointernational on January 15, 2024, 09:30:58 AM

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

Patience is not always a good thing in the world of cryptocurrencies. You can buy tokens cheaply and start waiting. To wait and endure, to see that the tokens are now worth x10, but at the same time to endure and not sell them. After that, they will fall by 0.5x of the original cost. In cryptocurrencies, the most important thing is dexterity and the ability to quickly learn and be the first. You should always read all the information, be able to distinguish the prospects of coins. And it's good to tolerate it, but not the main thing.

MIner1448

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Precautionary measures are taken to prevent pottery - a normal reaction. It is important that your motivation in the first place is removed and the meaning of the name is removed. Therapy and education - keys to education in the direction. The second sign of this all-head motivator is that you don't have to worry about it To the world of cryptocurrencies.

Zoomic

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Quote from: Jaycoinz on January 31, 2024, 01:52:26 PM

Quote from: JMBitcointernational on January 15, 2024, 09:30:58 AM

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

patience they say is a virtue and they are so many benefits which comes for being patient. Many people don't actually know that this phrase about the patient dog eating the fastest bone is actually very much active and working especially when it comes to this line of business @ the crypto space. Trading is very risky and I know an investment too in Bitcoin is risky but there is a certain level that the trading of coins or stock surpasses an investment in Bitcoin. For Bitcoin investment, it's all about strategy and also the strong mind not to sell coins during scary periods too.

The word patience is very easy to say but it is way too difficult to practice than we really think. Many traders started trading because of the notion that trading makes one super rich overnight, yea they are right but this takes time, and lots of hardwork. Everyone who goes into trading are there to make profits but a very good percentage of the traders just want instant profits and this is why many take home little or no profits at all. Because of their quest to make money instantly, they take profits and initiate withdrawals when they are not supposed to and many too do not know when to stop loss. These are the major causes of failure for traders and when things don't go well, they look for who or what to pin the blame on.

When we see successful traders, we should appreciate them because it is not easy to show such level of commitment and patience to see your little investment grow from scratch to the level where you begin to benefit from it. Any trader that cannot exhibit this level of commitment will not last long trading.

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Quote from: JMBitcointernational on January 15, 2024, 09:30:58 AM

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

patience they say is a virtue and they are so many benefits which comes for being patient. Many people don't actually know that this phrase about the patient dog eating the fastest bone is actually very much active and working especially when it comes to this line of business @ the crypto space. Trading is very risky and I know an investment too in Bitcoin is risky but there is a certain level that the trading of coins or stock surpasses an investment in Bitcoin. For Bitcoin investment, it's all about strategy and also the strong mind not to sell coins during scary periods too.

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Quote from: Patrol69 on January 31, 2024, 10:44:20 AM

Patience is a great virtue for us, those who can have enough patience can improve a lot in life. Not everyone has patience. I always want to be a patient person and I always hope to have enough patience in me. If we have enough patience then we can invest in Bitcoin and hold it for a long time, if we have enough patience then we can be patient enough if there is a loss or small profit in the investment. Not only in these two aspects, but in every aspect of life, our need for patience is immense. As long as we can be patient we can learn and teach others if we ever get impatient we will never learn anything good and teach others.

There are many people who realize that they don't have enough patience but still they can't be patient enough. So we must introduce a lot of patient people and be patient in all tasks only then success will catch us.

Those who will not be patient in trading will be able to bear the loss more because trading is something in which patience is very powerful. You can increase and you can increase your investment even more but for that patience is a great power that means if you are not patient then you will have to bear the loss. I have seen many people like that. People who have been patient in trading and then have had enough results have benefited only from the result of that patience because in patience you will not sell any coin in loss, just always. Will wait for profit because trading need only patience not to be Panic.

Patrol69

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Patience is a great virtue for us, those who can have enough patience can improve a lot in life. Not everyone has patience. I always want to be a patient person and I always hope to have enough patience in me. If we have enough patience then we can invest in Bitcoin and hold it for a long time, if we have enough patience then we can be patient enough if there is a loss or small profit in the investment. Not only in these two aspects, but in every aspect of life, our need for patience is immense. As long as we can be patient we can learn and teach others if we ever get impatient we will never learn anything good and teach others.

There are many people who realize that they don't have enough patience but still they can't be patient enough. So we must introduce a lot of patient people and be patient in all tasks only then success will catch us.

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Quote from: JMBitcointernational on January 15, 2024, 09:30:58 AM

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

Like the other traders who are beginners into the world of trading made a mistake they all want to earn money but they are not yet prepared for this journey in trading, learning here in the forum is a good way to have a headstart to the beginners what are the basic strategies, traders techniques, mistakes and they win how to gain in the market, one of the oldest and I guess safe way is to hold and sell if you have time you can ride with the market volatility to gain trades we called as scalping, or if kept in the holding with this bull run. Im not one of the oldest members, but we are in the same cryptocurrency community, so most of us have an experience with the market. I recommend learning more with the TA and techniques from other people's trades that could apply to your strategy or can be used in your trading journey.

Botnake

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Quote from: sunsilk on January 15, 2024, 10:59:12 AM

That's a good story from you then. It's an helpful tip from most of us that if you just want to stay calm and chill while waiting for some decent gains, you just have to hold.

You don't have to go what others are doing like trading and monitoring the market all day long as that's their forte. If you know that your forte isn't like that, you need not to effort a lot but to accumulate and hold.

Look at the investors that have been holding Bitcoin for so long, they all have common things to say and that's to be patient, hold and accumulate more.

Simply speaking, don’t trade and take a riskier path unless you are ready and good enough. That’s why a lot of traders end up quitting and go back to hodling because they rush in trading to satisfy their greed for profits but end up committing mistakes and lose their funds. While if they focus on hodling, they could have avoid huge losses and have made more accumulation of bitcoin having that funds that they have lose.

It’s not just trading that can give us big and satisfying profits but even hodling as well. So we should never underestimate the power of patience to hold. No one loses in hodling your coins unless if you decide to sell early your coins at a lower position than you bought it first.

Zanab247

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Quote from: Finestream

Patience is always the key not just in long term hodling, in trading, but even in studying and understanding the forum as well. If you are patient, you will absorb all the information needed to make you a quality poster, a good investor and a reliable trader as long as you do your own diligence to research and study. So I totally agree on you OP, not just newbies but all those who want to take risk in the crypto space should have high patience to gain their innermost desires and goals set upon entering crypto.

Just embrace patience in that coins you are hodling or trying to buy from the market and you will see the benefits of patience and you will like to always wait for the right bull to come before you can sell to make money that will give you courage to buy again when another bear occur.

The reason why OP mentioned newbies is because newbies always fall victim to such things in the market to loss some money in trading and, they need to start exercise patience in hodling whenever they succeed to buy coins from the market to stand in a chance to achieve something big in the bull market.

doomloop

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Quote from: snowpega on January 26, 2024, 10:20:21 AM

Dear Patience is the key to managing risk and risk management is the key to success in the crypto space. well If the person doesn't have patience and keeps making impulsive decisions he/she will destroy the net portfolio so in this case it is the best option to follow the trusted and well-experienced person in your circle if you do not do that so those days are not so far when you will see your portfolio ending and you you just have to repent.

You are right, but one doesn't necessarily need to follow someone else to gain success in this industry but they need to get enough knowledge about the industry and cryptocurrencies that they wish to trade. There is nothing wrong in inquiring about things you are unsure about from those who have knowledge about them but you are not supposed to follow every step they take, even the financial decisions they make, because you should be making your decisions yourself.

A lot of newbies follow the trades and every other thing people do, just because they are a bit more experienced than them, but I'd say it's not the right thing to do, and one should focus more on learning and making their own strategies and trade based on their own principals instead of following others.

lizarder

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Quote from: JMBitcointernational on January 15, 2024, 09:30:58 AM

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

There is nothing that limits beginners from engaging in trading, but there are a number of things that need to be considered because most beginners engage in trading without proper knowledge. Beginners tend to think instantly about making profits in trading because in terms of experience and knowledge they are still quite unfamiliar with trading. Therefore, forum users recommend Holding for beginners rather than engaging in trading directly, but it also depends on what coins you want to hold. For me, it is not a problem for beginners to get involved in trading because they can try to train their skills in the field of trading using a small budget first and if their knowledge and experience gets better then increase the trading amount to a larger one

Apart from knowledge, trading also requires experience so that people can handle the risk of loss caused by trading. I'm sure if someone doesn't have the knowledge and experience it will be quite difficult for them to handle the risk of losing. The more things you learn and read, the better the knowledge we have and forums are a good place for beginners to learn trading and investing because here there are many people who have experience in these two things.

Y3shot

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Quote from: GeorgeJohn on January 23, 2024, 04:54:22 PM

Quote from: JMBitcointernational on January 15, 2024, 09:30:58 AM

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

in all this what you have to understand is the principal and the techniques of trading first that is why it is advisable for someone to learn and they understand the procedures of trading before they can be able to raise a big amount of money for their own personal trading, lose is what everyone experience in trading so therefore you have to advocate to learn trading because if don't do that you will continue to lose.

Both in trading and investing patience is required, you can't have a good trade when you don't have a patience. The problem lot of beginners do have in trading is they just have the plans of making money fast from trading and with this mindset they end up losing money. It is not only in hodling that we need patience, we also need patience to learn trading very well and understand it better to have better trading. So far as crypto is concerned patience is very important tool.

Nangiconference

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Wow mate, that was one of a post. Did you forget to add your punctuations? You still have a lot to learn mate. You should try to use punctuations where possible in your post as it makes your write up easier to read. Some members will find your post a bit annoying and you should avoid using more of the word AND to connect a full stop.

The last time I checked, we are not in an English class. Every member is expected to write within his or her level. Comprehension should be a factor when writing. We all have different levels of education and different skills in writing . Though a polite opinion and I stand to be corrected, if wrong

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