Having a patience just depends on person and the current situation of that person.
- If that person doesn't have an urge to sell because there is no urgent stuff to buy and they also have a job to do, then they'd probably have lot of patience to wait for example Bitcoin to reach the goal they have set and forget about it until that day comes.
- If that person needs money urgently, then they'd sell it right away without caring about the price. Sure other people would say to wait until the price reaches high so you can make more profit but once the "economy" kicks in then you will use last thing you have including your investment that you already hold for so long.
Patience is a great thing to do both real life and investment stuff for more precise topic but if the situation around that person "doesn't support" that matter then they have to wait until next session.
Topic: The patience to hold is a gift - page 10. (Read 1600 times)
Patience is the hardest part of long term investment, if you can exercise patience then you will be able to invest for longterm.
Saying hold for longterm is easy, actually putting it into practice is the most difficult part. If you can do it, you will be immensely rewarded.
There is a popular saying that goes "patience is golden" meaning not everyone has the gift of patience.
Saying hold for longterm is easy, actually putting it into practice is the most difficult part. If you can do it, you will be immensely rewarded.
There is a popular saying that goes "patience is golden" meaning not everyone has the gift of patience.
Having patience in cryptocurrency investment can be achieved by having multiple sources of income so you don't run out of money when the market is in bear season. The main reason people sell their Bitcoin or other cryptocurrency is because they need money.
If you have other businesses that is putting money in your pocket then you can invest and hold you investment for as long as you want.
The mistakes people make is that they take their investment in bitcoin as a job and expect it to give them day to day feeding money.
They forget that Bitcoin gain is seasonal so for you to benefit you have to be patient and wait for the profit season for you to benefit.
having that kind of panic on which you could eventually hold up your position without any problems or you could wait up for a long period of time and since you are accumulating coins then holding wont really be
problem compared to those who are having only one source of income.
You would really be finding yourself on a very tough position when you do have only a single source.Being patient is on someones persons quality it we
do really differ on level or tolerance with it.
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Holding a cryptocurrency investment is more than just a gift because it is about understanding how to keep one investment, discipline, and doing it smartly.
I think it is time that the people who find holding to be a problem understand how things work when we're talking about investment. The secret the wealthy people use is to keep their investment asset, they take a loan against the asset which will technically free them from paying tax, and also buy a life insurance policy as collateral which will protect everything that they owe.
Another method is the DCA but if the person is having a problem with holding again there is a method of locking BTC for a certain set of years through all these methods holdings will be easy to do.
I think it is time that the people who find holding to be a problem understand how things work when we're talking about investment. The secret the wealthy people use is to keep their investment asset, they take a loan against the asset which will technically free them from paying tax, and also buy a life insurance policy as collateral which will protect everything that they owe.
Another method is the DCA but if the person is having a problem with holding again there is a method of locking BTC for a certain set of years through all these methods holdings will be easy to do.
Patience is the hardest part of long term investment, if you can exercise patience then you will be able to invest for longterm.
Saying hold for longterm is easy, actually putting it into practice is the most difficult part. If you can do it, you will be immensely rewarded.
There is a popular saying that goes "patience is golden" meaning not everyone has the gift of patience.
Saying hold for longterm is easy, actually putting it into practice is the most difficult part. If you can do it, you will be immensely rewarded.
There is a popular saying that goes "patience is golden" meaning not everyone has the gift of patience.
Having patience in cryptocurrency investment can be achieved by having multiple sources of income so you don't run out of money when the market is in bear season. The main reason people sell their Bitcoin or other cryptocurrency is because they need money.
If you have other businesses that is putting money in your pocket then you can invest and hold you investment for as long as you want.
The mistakes people make is that they take their investment in bitcoin as a job and expect it to give them day to day feeding money.
They forget that Bitcoin gain is seasonal so for you to benefit you have to be patient and wait for the profit season for you to benefit.
Sometime we need to keep patience for achieve something and in trading we also need keep patience in trading sometimes market come down and for long time then we need keep patience.
During long term investment it's when we adhere to such advice of be patient and not panic for investment that will like to stay like two years or Three years, but for trading, it's also required patient as you portray, but the patient of trading is when you know what is obtainable at particular point in time, but a process whereby you don't know exactly what is obtainable, you will not knowing when to be patient in trading and when not be patient. 
The key to earn money is through trading and investing. Both might look similar but are yet very different.
For some, trading is more convenient since they don't have to deal with huge price swings and earn quick profits in the short term.
They get the rewards quickly when compared to investing which is a long term process.
We need to hold it no matter in which direction the trend goes in the short term.
This is where many people find their ideal choice of earning money and for me it is investing.
I have tried trading but eventually lost money but when I hold it for a long term it certainly gives huge profits.
The key to earn money in all of the world for majority of people is to work and earn. I feel like that should be true for people in bitcoin as well but unfortunately they do not see that as a possibility. I think if you worked hard, and worked for a good boss, then you would earn a lot of bitcoins to begin with.For some, trading is more convenient since they don't have to deal with huge price swings and earn quick profits in the short term.
They get the rewards quickly when compared to investing which is a long term process.
We need to hold it no matter in which direction the trend goes in the short term.
This is where many people find their ideal choice of earning money and for me it is investing.
I have tried trading but eventually lost money but when I hold it for a long term it certainly gives huge profits.
I do that and I have been living an amazing life for many years now, my boss is lovely and my job is lovely and my payment is in bitcoins and I am doing great, saving some of that aside each month usually aside from some bad debt months. Long story short, trading is not the only way, do not see that as a way to get out, it's not really a must.
Patience is the hardest part of long term investment, if you can exercise patience then you will be able to invest for longterm.
Saying hold for longterm is easy, actually putting it into practice is the most difficult part. If you can do it, you will be immensely rewarded.
There is a popular saying that goes "patience is golden" meaning not everyone has the gift of patience.
Saying hold for longterm is easy, actually putting it into practice is the most difficult part. If you can do it, you will be immensely rewarded.
There is a popular saying that goes "patience is golden" meaning not everyone has the gift of patience.
The key to earn money is through trading and investing. Both might look similar but are yet very different.
For some, trading is more convenient since they don't have to deal with huge price swings and earn quick profits in the short term.
They get the rewards quickly when compared to investing which is a long term process.
We need to hold it no matter in which direction the trend goes in the short term.
This is where many people find their ideal choice of earning money and for me it is investing.
I have tried trading but eventually lost money but when I hold it for a long term it certainly gives huge profits.
For some, trading is more convenient since they don't have to deal with huge price swings and earn quick profits in the short term.
They get the rewards quickly when compared to investing which is a long term process.
We need to hold it no matter in which direction the trend goes in the short term.
This is where many people find their ideal choice of earning money and for me it is investing.
I have tried trading but eventually lost money but when I hold it for a long term it certainly gives huge profits.
In my opinion, your opinion is a little wrong in trading, not only in the short term, but also in the medium term and long term (it can also be called investment).
When you do short-term trading it will be riskier because of rapid price changes and you are required to continue trading and must be able to read the candle well and capital management. quick gains, but also provide quick losses. while for the long term (investment), you only need to buy at the bottom price in your opinion, and hold it for the long term according to the target to be achieved.
But when you try to trade short-term and lose money, you are already contradicting your own statement that short-term trading is more comfortable with quick profits because it doesn't deal with large price swings.
actually the long-term or short-term is the same, depending on how you do it, everything is knowledgeable and appropriate with everyone's passion.
Anything in it for itself, not being able to spend an investment is really a gift, because it means that extra money for you that you wouldn’t be needing to live. Most of the time, people are not able to hold their investments because they need the money. And I think that’s also one of the reasons where people cash out.
I think there is also a factor with luck because it’s not everything that the hold would be of value in the long-term. Not everything rises in price. It’s best to be managing your money.
I think there is also a factor with luck because it’s not everything that the hold would be of value in the long-term. Not everything rises in price. It’s best to be managing your money.
The key to earn money is through trading and investing. Both might look similar but are yet very different.
For some, trading is more convenient since they don't have to deal with huge price swings and earn quick profits in the short term.
They get the rewards quickly when compared to investing which is a long term process.
We need to hold it no matter in which direction the trend goes in the short term.
This is where many people find their ideal choice of earning money and for me it is investing.
I have tried trading but eventually lost money but when I hold it for a long term it certainly gives huge profits.
For some, trading is more convenient since they don't have to deal with huge price swings and earn quick profits in the short term.
They get the rewards quickly when compared to investing which is a long term process.
We need to hold it no matter in which direction the trend goes in the short term.
This is where many people find their ideal choice of earning money and for me it is investing.
I have tried trading but eventually lost money but when I hold it for a long term it certainly gives huge profits.
...If the bull run ever start again do you think it will be massive for small and medium investors. I mean those who start up their Bitcoin holding investment with an amount as low as $100. I have been trapped having conversations involving Bitcoin investment and the major concerns of this folks has been how much their ROI will be if the invest. How long will it take for the bull run to resume and lots of many complicated questions. If I don't like overhyped discussions so I just tell them it is far better compared to having their money saved in the bank for 1 year doing nothing I do this to avoid been held by my words if things goes wrong....
Everything will depend on what goal you are pursuing by investing $100. If you expect to receive $10000 from such an investment, then you will not get such a profit. But if your expectations are more realistic, then it will be likely to get $500-700 profit, which is naturally higher than any bank interest.
I agree that patience is really important when it comes to trading, especially in crypto market. And, I think that along with patience, discipline is fundamental. It is indeed beneficial if a trader is patient in achieving target goal, and in every step towards it. Also, being disciplined in keeping emotion and judgments in check, and in continuous learning. But I believe that even with these traits, success will be difficult to attain if a trader is not cultured to the market. Needless to say, no matter where market that a trader wishes to trade, he must first study how the market works.
Well perhaps it is in investing but not in trading, trading is more on technical analysis or perhaps a fundamental --but when you are relying alone upon patience, you will perhaps be left on the train which the market trend. Trading is not simple as we think that when you have patience there is a higher chance of making a profit. It needs skills and knowledge.However, investing and holding it in a long term would work perfectly fine.
Patience is a virtue as that saying says,and that is in every aspect of life.What I learned from several years in Bitcoin world and in the mining world is that the importance of holding cannot be stressed out enough,I was mining in 2018 when everybody else shut down their rigs yet I believed in a great recovery and a new all time high of Bitcoin which I got lucky and sold a lot in 2021 at over 60.000 dollars for Bitcoin.Now I mine again ETHW the new coin but I have already the experience to hold and I will be ready to hit it big again when this coin will raise in value if it ever does,if it doesn't I will still win a decent amount by mining it during this time.
Recommending someone to invest in Bitcoin is some how risky. If the don't have the patience to wait for the bull season to commence the might sell at a loss and but the blame on the introducer. And many likes attributing their failures to someone then their success to their personal effort. I have learnt from past experience that before I recommend Bitcoin to a newbie I will first ask how long the can hold for and that will determine if I will be willing to proceed with guidance or end it there.
I've got a bad experience about encouraging people to invest in bitcoin and that's why I'm almost silent on it whenever I've got peers talking about finances and investments unless they ask my opinion.Patience of each person I've talked to, I can't measure but most of them got lesser patience tolerance and that's why when the market have been slumping during their first time of buying bitcoin.
It didn't do well on their part because they see their money going down through the lowered price of bitcoin.
Patience is needed in many ways, not only in investing or trading crypto. But as we already know, only a few people can have maximum patience because some can't be patient, especially when they see the market fall that has occurred at this time. Maybe we find it difficult to go through this, but we must keep trying because things will soon change for the better. And if we haven't used the moment to our advantage, we could be late in taking advantage of the rising market.
My few years of trading experience has taught me that the expression, "No hurry in life" isn't just a mere saying. There's much wisdom in that simple expression. It's in this industry that one finds out the virtue in patience and waiting. Those who bought at the last ATH of $68k+ will definitely be counting their loses that is a repercussion for not waiting for price correction while it was surging last year. It is even worse for those who couldn't exercise patience to wait for recovery and have sold off before now (surely, it must return to $64k and even surpass it). The whole idea is to hodl till the next circle, otherwise one loses out on maximum profit. Those who will pay more in regrets and primum tears are those who aren't utilizing this price discount now to buy cheap.
I agree that patience is really important when it comes to trading, especially in crypto market. And, I think that along with patience, discipline is fundamental. It is indeed beneficial if a trader is patient in achieving target goal, and in every step towards it. Also, being disciplined in keeping emotion and judgments in check, and in continuous learning. But I believe that even with these traits, success will be difficult to attain if a trader is not cultured to the market. Needless to say, no matter where market that a trader wishes to trade, he must first study how the market works.
I believe people who are telling others to hold Bitcoin are the people who have been in the market for long term. It's about the sentiment and how you deal when you witness more than one market cycle and you watch the price going up a lot and then down a lot more than one time, so this situation produced a lot of Bitcoin believers. Indeed, Bitcoin still have a long path even if we considered it as a bubble or a zero value asset like what Bitcoin haters say, even if it's a bubble it still needs to attract bigger capital. In my opinion, investing in Bitcoin will continue giving high ROI in comparision with other markets, but it will be lower than previous cycles ROI.
Selling investments at a loss is the worst situation we could be in and should only happen as the last solution if there are no alternatives. Before selling at a loss I would always consider holding the coin until prices recover. Only when a project turned bad and there is no chance for the price to recover we should get rid of our position. Holding is the best strategy for me, it requires almost no management and requires the least amount of time compared to other strategies. I agree with you that it can be hard in some situations to stick to holding and not follow the herd in panic sells. Checking the prices of my coins is making me too nervous and increases the pressure to trade more often. When I first started with crypto trading I was checking my portfolio 6-7 times per day, it got really hard to not constantly check prices. Now I only check the bitcoin price once per day and my portfolio 2-3 per week. Taking a step back from the fast moving prices helped me a lot to remain more calm and not feel the pressure to trade more often.
With regard to investing in bitcoin, when the price is not favorable most investors want to sell due to some factors like most investors take loans to invest forgetting that bitcoin is a long-term investment that you must have the patience to actually get profit. This is true holding, dealing with human perception when things are not going well we get discouraged. The best piece of advice is to never take out a loan to buy bitcoin. Each business has unique risks. We should create our own private means of accumulation that won't interfere with our everyday lives in order to accumulate wealth because it is preferable to be patient than to sell below the price at which it was obtained.
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