The patience to hold is a gift - page 11.

doomloop

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Quote from: Awaklara on December 03, 2022, 11:24:27 PM

to be honest, it would be hard to tell a novice to hold Bitcoin long-term. history gives us a lesson that Bitcoin in the long run always gives us more than a trade.
some beginners are interested in trading with short profits. not a long-term investment that will make people's patience run out. especially if market conditions are in a severe decline. it tends to make beginners panic with investment values that continue to decline.

But, trading is much harder than investing right? This is why if we are to give advice to a newbie, we always say that they should start with hodling. This is where they familiarize with the market and by the time they know how this market works, that's the time they can try trading. Bitcoin isn't just any other coin but as you said it has a long history already.

We can just based on it and use it as an inspiration to hodl harder because we know that there will be benefits that are waiting for us in the end. In times where the market is declining heavily, I don't think someone can pull out a trade. Panicking doesn't help either but the only best thing to do here is to just calm down, hodl and buy.

xSkylarx

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Quote from: lienfaye on December 05, 2022, 04:09:18 AM

Quote from: dbc23 on December 03, 2022, 01:40:06 PM

To hold especially for an average investor is a strong contention to deal with. Over and again we hear the echo of hold from every where around the crypto industry. Long term will always pay big someday but for the investors who have nothing to spare their investment could be tempting. The urge to withdraw will always come. Sometimes not for pleasure but to solve pressing needs.

It's not really easy to hold if that's not your spare money and you're only relying with your investment. It's tempting to sell especially if you already need it. So how can you hold for long period if you started investing using the money that you can't live without? This is one of the reason why some of us failed to hold for long term despite of the fact that it's a good strategy to gain since it's already proven to be profitable especially for holding an established coins. It really takes guts and patience but not everyone can do it even they want to try.

When you hold a bitcoin, the first enemy you face is yourself; you will be tempted to sell it for a small profit because you are afraid it will fall in value. Also, when the price is low and you are losing money, you are tempted to sell it to cut losses. When we hold bitcoin, we should have a target profit or a target date for when we will sell it so that we have a concrete plan that this is the right time to take profit, as well as a limit as to where this would be the trigger point to sell it to cut the loss.

lienfaye

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Quote from: dbc23 on December 03, 2022, 01:40:06 PM

To hold especially for an average investor is a strong contention to deal with. Over and again we hear the echo of hold from every where around the crypto industry. Long term will always pay big someday but for the investors who have nothing to spare their investment could be tempting. The urge to withdraw will always come. Sometimes not for pleasure but to solve pressing needs.

It's not really easy to hold if that's not your spare money and you're only relying with your investment. It's tempting to sell especially if you already need it. So how can you hold for long period if you started investing using the money that you can't live without? This is one of the reason why some of us failed to hold for long term despite of the fact that it's a good strategy to gain since it's already proven to be profitable especially for holding an established coins. It really takes guts and patience but not everyone can do it even they want to try.

peschwecks

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Quote from: Solosanz on December 03, 2022, 09:37:20 PM

Quote from: albon on December 03, 2022, 03:42:12 PM

If the beginner investor does not have the intention of holding his currencies in the long term and learning patience, then investing in crypto will be inappropriate.

You must not hold crypto or shitcoins for long time since everytime the price will always decrease especially in bear market, most of shitcoins can't survive and will become dead coin. If you hold Bitcoin for long time, of course it's the best decision since Bitcoin already proving to everyone if it's really good for long term investment.

Although this thread is posted on Trading discussion, trading Bitcoin isn't easy like we see on many videos. It's really need a lot experience and skills if you want to make profit.

Few people can have this patience. Even large investment institutions go bankrupt in a bear market. This has already happened. It can be said responsibly that 90% of the people in the crypto world are speculators, and they all aim to make money. There is no subsequent bull market without panic selling. Bitcoin does not rise in a straight line, the road is always tortuous.

Falconer

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Well basically I agree that a good introduction when recommending someone invest in bitcoin is to ask them to be a holder rather than a trader. Bitcoin is potentially much more expensive in the future than it is now, so it's best to ignore short-term price volatility and start focusing on longer-term targets.

If they sell at a lower price, I think they misunderstood the market. The purpose of investing is to make a profit, actually profits are not always in the short term because they may be obtained in the long term. So they have to remain patient after deciding to invest in bitcoin. In 2024 we can expect something bigger than 2021, but that is only an unproven possibility.

michellee

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It's not easy to tell others about patience in holding crypto assets, especially people who need to learn more about crypto. They will often complain about why the price has decreased when we can take profits, and so on. But if we can teach them to always look for other information and say that crypto will have its time to improve and that's when we can see how much profit we can get.

I always advise people who want to invest in bitcoin to use the money they don't use. The easiest way is to set aside some money to buy bitcoins in a certain time, for example, a year and we do it every month. But if they can learn more, especially about how to increase their bitcoin amount using trading, surely they can see a lot more profit. But they have to be able to analyze better to get that advantage.

virasisog

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Holding and having patience while the market is crashing is a big challenge for most long-term investors but to those who have been into this kind of market situation before, this isn't new anymore and is just easy to deal with for them. Patience is always the key though it's hard to apply sometimes. If we're into a long-term investment, we have no choice but to wait and trust the process. If we'll panic during the waiting process, we'll surely lose track so we better focus on our target goal. Good things come to those who wait just like what happened to successful Bitcoin investors so as much as possible, we should learn how to wait for the right time weather to sell or to buy.

Zanab247

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That is why Bitcoin investment is different from centralized investment, because you need to apply patience to your holding whenever there is a bear season in the market so that you will not hate Bitcoin investment when the bear continue. Anyone that want to achieve a good profits from Bitcoin investment need to remove fear in the time of bear and apple boldness to hold long until the bull season appear in the market. This period we are, is to buy Bitcoin and hold for the bull time to come before you can sell to earn from your investment.

sheenshane

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Quote from: Awaklara on December 03, 2022, 11:24:27 PM

to be honest, it would be hard to tell a novice to hold Bitcoin long-term. history gives us a lesson that Bitcoin in the long run always gives us more than a trade.
some beginners are interested in trading with short profits. not a long-term investment that will make people's patience run out. especially if market conditions are in a severe decline. it tends to make beginners panic with investment values that continue to decline.

The bolded part above was the right answer and this isn't in the beginner's mindset, because they want a quick profit. Something like an easy way to get rich quick schemes that they always think Bitcoin is the same as that. So if individual investors know the previous history of the market they'll surely understand the market sentiment and how it'll move and play in the market.

There's a right prize when an investor has enough patience to wait the right time to sell, and always has a goal in cutting profit even though how long it is.
But the problem is, there's a huge number of newbies that easily to get panic by a simple FUD than the old investors who understand the market.

GeorgeJohn

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Quote from: dbc23 on December 03, 2022, 01:40:06 PM

To hold especially for an average investor is a strong contention to deal with. Over and again we hear the echo of hold from every where around the crypto industry. Long term will always pay big someday but for the investors who have nothing to spare their investment could be tempting. The urge to withdraw will always come. Sometimes not for pleasure but to solve pressing needs.

It's on the detriment of an investor to decide when to make withdraw of it's investment, it's not mandatory that you keep holding your funds when you are encounter with a problem. So that's why in every time we so emphasis that the best way of investment or holding a coin is with your spare funds.

Some investment that will trigger the investors to cash out the investment when theirs pressing issues to the investors, meaning that such investors to have a target before venturing into the investment, so any long term investment have a specific target and duration because cashing out the investors funds.

Wexnident

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It's either they were looking for a quick profit, or the investment they made in the first place couldn't be afforded to lose so they were rather fearful about investing it in the first place, especially in an asset that would take say a year or two (which is already short imo) to grow.

Quote from: dbc23 on December 03, 2022, 01:40:06 PM

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.

Wouldn't say so. Bitcoin may have grown to tens of thousands of dollars in price (and may grow in the future), but it's space for profit was unlike what it was in the beginning. It is nonetheless still profit though so I don't think anyone going to complain about that.

Quote from: dbc23 on December 03, 2022, 01:40:06 PM

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.

Any investment is always risky, heck even a quick lookup on crypto investments would say that it's probably riskier than other investments due to its volatility, but it's also this that made it possible to profit big in its cycles. Blaming whoever recommended it to you simply means the person doing the blaming was never meant to invest since they couldn't even do basic research in the first place.

CryptoYar

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Quote from: dbc23 on December 03, 2022, 01:40:06 PM

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.

The introducer should also explain It is not like you invest in the night and when you wake up in the morning you will get a huge profit. Rather you have to be patience for at least the next 2 years And invest only that money in it, which he will not need for in this period.

Even after this, if he sells it for any reason and books loss, then the introducer cannot be held responsible for this as he already told him.

------------------------------------------

I've personally helped some people buy bitcoin and I told them in advance that this is an investment for the long term and you should not pay much attention to whether you are in loss or small profit. The only thing in your mind should be to sell this bitcoin in the next bull market. Which will start after 6 month or year after btc halving.

Baofeng

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I guess it's base on the person itself, on how he will hold his bitcoin or not. Others see it as just a year of hold and or others longer or at least a whole cycle. And when you have invested money that you can afford to lose then obviously you will hold as if nothing will affect you even if t there is a huge drop of price just like what we are right now.

So it could be a gift as the OP defined it, but others might see it different.

Also if I may add, yes we hold but do we follow security precautions and practice safe hygiene?

Oshosondy

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Quote from: Awaklara on December 03, 2022, 11:24:27 PM

to be honest, it would be hard to tell a novice to hold Bitcoin long-term. history gives us a lesson that Bitcoin in the long run always gives us more than a trade.
some beginners are interested in trading with short profits. not a long-term investment that will make people's patience run out. especially if market conditions are in a severe decline. it tends to make beginners panic with investment values that continue to decline.

Not only newbies that prefer trading, it depends from person to person.

Some people are no more newbies but they prefer to just trade, even if they lose, they will only regret it after a massive bull market. Some traders like to diversify, they scalp, day trade, swing trade and also they hold, I mean they trade and hold as well. While some people only just hold.

A newbie with proper guidance can know the benefits of holding and can follow and hold, but some lack the information and can follow the wrong way and lose until they realized it after a massive bull market.

mk4

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A huge majority of the time the reasons why people can't hold consistently is either the lack of conviction(hence knowledge) concerning the asset being held, being overly-exposed to the asset, or both.

Awaklara

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to be honest, it would be hard to tell a novice to hold Bitcoin long-term. history gives us a lesson that Bitcoin in the long run always gives us more than a trade.
some beginners are interested in trading with short profits. not a long-term investment that will make people's patience run out. especially if market conditions are in a severe decline. it tends to make beginners panic with investment values that continue to decline.

gunhell16

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Patience to hold, it is a matter of choice for me. It is not a gift for me, because if we do not choose the long-term or the short-term, we will not see results. In short, if we don't start now when?

Of course, when we decide to hold Bitcoin or any cryptocurrency, the requirements of being patient are immediately included, because we will not be able to wait for a long time without the characteristic of being "Patient" the result of our chosen decision is good.

Solosanz

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Quote from: albon on December 03, 2022, 03:42:12 PM

If the beginner investor does not have the intention of holding his currencies in the long term and learning patience, then investing in crypto will be inappropriate.

You must not hold crypto or shitcoins for long time since everytime the price will always decrease especially in bear market, most of shitcoins can't survive and will become dead coin. If you hold Bitcoin for long time, of course it's the best decision since Bitcoin already proving to everyone if it's really good for long term investment.

Although this thread is posted on Trading discussion, trading Bitcoin isn't easy like we see on many videos. It's really need a lot experience and skills if you want to make profit.

GreatArkansas

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Buy/Sell crypto at BestChange

Quote from: dbc23 on December 03, 2022, 01:40:06 PM

To hold especially for an average investor is a strong contention to deal with. Over and again we hear the echo of hold from every where around the crypto industry. Long term will always pay big someday but for the investors who have nothing to spare their investment could be tempting. The urge to withdraw will always come. Sometimes not for pleasure but to solve pressing needs.
(....)

I believe this is something like when you invested early with compounding that invested later on.
We, retail investors, are also big players in the market, it's like if we combined all together, we are big though. That's why they must underestimate retail investors because a lot of people telling that institutional investors are always the key players which I don't think so. There are a lot of retail investors who are hodling and keep buying even small amounts of Bitcoin.

South Park

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Quote from: AbuBhakar on December 03, 2022, 01:55:50 PM

Holding is really an easy thing to do if you are only buying Bitcoin using free money that you don’t have other purposes for spending. The reason why many weak hands in crypto is because they keep investing money that allocated on other necessary things like life savings, insurance, and personal necessities. The urge of using the money invested on Bitcoin is the force that keeps making crypto holders failed to hold.

If only you will invest money that has no purpose other than purchasing Bitcoin. You can easily hold your Bitcoin even if its until forever because you don’t have any reason to use it.

Those are definitely powerful reasons why weak hands are not capable to hold their coins but I think there are even more reasons for that, probably one of the most simple explanations is that weak hands do not really know what they are getting into, it is easy to look at the charts and think you can endure a crash of 80% but it is a completely different thing to actually experiment such crash, and watch your portfolio losing value in fiat almost every day, so the weak hands cannot take it and they sell their coins.

Topic: The patience to hold is a gift - page 11. (Read 1600 times)