Topic: The patience to hold is a gift - page 12. (Read 1662 times)

Really very true. Patience to hold is the most important thing if you are in for safeguarding your money. Otherwise all you'll be doing is selling at the wrong times and buying at the exact top when it's actually time to sell. But the sad part is that this patience only gets developed with time. You cannot expect a new investor to be patient right from start, he'll go through many losses until he becomes this patient.

Gis will be always the best thing if we are holding the sure investment. In this case, is Bitcoin. If we are talking about altcoins, I am not sure about it because not all altcoins are able to rise up and grow, survive and develop. but Bitcoin can really be trusted and valued, moreover for long-term investment. W can learn from the previous bearish era where for Bitcoin. this crypto can always survive and then pass the previous ATH. But for altcoins, not all are able to do it. that is why we must be sure and smart enough to choose which crypto is going to be long-term holding with patience. Patience is the key, but we must also know the right thing to hold.

Learning to hold is a must especially as we are here in a volatile market. I can see the huge benefits of doing this but unfortunately, not all can do it in a very consistent matter, many had fail because it sometimes contradicts their beliefs and instinct. As we can see, many traders went unsuccessful and this is one reason causes for their failure as not all are willing to hold but have been influenced by their emotions.
Hold is a simple word to say but very difficult to execute. And it is not to wonder why many traders never win and reach their goal.

^ BTC investment is not that risky, the deserved to be called risk is altcoins or shitcoins.
No one probably will fool people who will invest in a higher price and sell when the price is low. So if you understand the BTC movement, you did not worry about your holding but instead just patiently wait on it until your desired profit will come. That is definitely right, patience is a virtue and those who have this will claim a better prize. Avoid panic selling because when you are holding BTC only the amount will reduce but the quantity is not, if you owned 1 BTC it will always the same amount in your wallet, there is nothing loss not unless you will sell it on the exchange.

It's best not to give out financial advice, even regarding something that may sound as easy as purchasing Bitcoin for a long-term investment. You cannot guarantee how someone will handle their money, and you may be the one to blame for their misfortune. Investments (such as holding bitcoin) do not only require patience, as the OP is suggesting. While it is a vital characteristic, you need to be able to afford forgetting these funds, possibly for a couple of years, no matter what. If you barely make ends meet, then it's certainly not advised to use your savings in Bitcoin. If something occurs and you need them, chances are that you might have to sell at a loss.

Edit: 2500th post, woo

I don't go encouraging someone to buy or invest in bitcoin because it is risky. The person that you encourage doesn't know how bitcoin works like bull and bear times and so it becomes something like you have disappointed them when bear comes. Generally people like profit and not losses and that makes hodling difficult for newbie whether they invested with free money or not, they don't understand hodling or waiting. Therefore I don't waste my time on trying to encourage someone. It is better that they come to you when they have seen that you are making progress and with that you only tell them what investment you are doing and they now have the option to invest or not and pressure won't be on you.

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. How we have seen many beginners who lost their money due to their impatience and making reckless decisions in selling what they owned at the bottom. Bitcoin and cryptocurrencies in general started their launch With cheap prices, and now see how much their prices have reached?!, There are those who bought since 2009 and 2010. Can you calculate their wealth now or before several years if these investors were not affected by the FUD or if they had not sold what they had?! Patience is the key to success in the crypto world, so yes, we have to invest part of our capital and wait for the bull market.

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.

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.

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.

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.