Patience to hold is not a gift instead it is a matter of choice. That's why we always have two options: Hold or Not, Buy or not, Earn or not. This is the only logic in the topic you made. Just like what you did, the topic I chose here is To respect you because that is your belief and point of view, Although we have different points of view, I opposed what you said with respect.
That's why when the market falls, our emotions are mixed with panic and not, whether to sell or not, but if you know that you are a long-term holder you will stick to the word HOLD, but if you are a day trader or scalper you will sell for sure not to Hold, it's that simple.
Topic: The patience to hold is a gift - page 2. (Read 1600 times)
right, if it's a valuable asset like bitcoin it might not be a problem if it's cold money used, but if it's a new altcoin for example then it will be hard to come back, but also we don't know what will happen next. panic like that makes many people fail in investing. therefore we must have confidence, even in a plus or minus situation in acting, and not regret our actions afterwards, whatever happens in the next market
If you've experienced the importance and result of holding, you'll say that no regret will happen because you've seen it once and many times and you want to see that happen again.Holding isn't for everybody but if you're forced to do it, it will take time until you appreciate the essence of it because not everyone can afford to hold on to this volatile market.
Because we've got bills to pay and it happened to many holders that they have to sell their holdings so that they can pay their bills when they've got no other source for it to get paid.
there is no peace for me if I have minus 50% of my assets, maybe I will cry all night bemoaning fate to wait until the period returns to 100% or even more, you will surely regret why not let go when the assets are reduced from the previous profit
Working with ourselves' mood is very important. It is better to remember that you haven't lost anything until you sold your asset. If it is not a trash asset you still have it even if its charts show negative trends. Moreover you have the same amount of the same asset. It is not easy to assure ourselves is such things because they don't look like obvious, but we should, because otherwise health problems can cover the positive effect of investing. If it is still too painful maybe we should invest less so it becomes less important if the charts go down.
up for long term.
there is no peace for me if I have minus 50% of my assets, maybe I will cry all night bemoaning fate to wait until the period returns to 100% or even more, you will surely regret why not let go when the assets are reduced from the previous profit
Working with ourselves' mood is very important. It is better to remember that you haven't lost anything until you sold your asset. If it is not a trash asset you still have it even if its charts show negative trends. Moreover you have the same amount of the same asset. It is not easy to assure ourselves is such things because they don't look like obvious, but we should, because otherwise health problems can cover the positive effect of investing. If it is still too painful maybe we should invest less so it becomes less important if the charts go down.
if the coin or altcoin is as trusted as bitcoin, ethereum or BNB, then there is no worry about holding it in the long term, but if the altcoin is new and you have done research according to personal analysis, then it is better for the short term, considering that new altcoins seem very easy to be manipulated, so that if we don't take advantage immediately, we are afraid that the project will actually experience a setback and we will lose capital, so even waiting for a long time seems meaningless
maybe true but everyone also has a different mentality, someone may be able to calmly see their portfolio minus 50%, but not for others, that's why I say that.
even if they hold top coin like btc,eth,bnb, if they see their money decrease they will start to panic.
there is no peace for me if I have minus 50% of my assets, maybe I will cry all night bemoaning fate to wait until the period returns to 100% or even more, you will surely regret why not let go when the assets are reduced from the previous profit
there is no peace for me if I have minus 50% of my assets, maybe I will cry all night bemoaning fate to wait until the period returns to 100% or even more, you will surely regret why not let go when the assets are reduced from the previous profit
Working with ourselves' mood is very important. It is better to remember that you haven't lost anything until you sold your asset. If it is not a trash asset you still have it even if its charts show negative trends. Moreover you have the same amount of the same asset. It is not easy to assure ourselves is such things because they don't look like obvious, but we should, because otherwise health problems can cover the positive effect of investing. If it is still too painful maybe we should invest less so it becomes less important if the charts go down.
Patience is a very good thing, but for how long. Everything should have a limit, but when the limit is crossed, can one be patient? This term has become very popular in cryptocurrency.If you look at Bitcoin it can be seen that it has been in the same position for almost 2 years. Do you think two years of patience?
You should know that after a bull market, the market usually takes about 2-4 years to pump again or cross it's previous all time high so holding for two years should be the minimum you are meant to hold your Bitcoin if you want to be in the profiting side when the bull market returns. You aren't also supposed to have a timeframe of when you become impatient with Bitcoin.
If you're speaking about altcoins then I can say you should have a time limit since you never know what the fate of these coins are in the next bull market. They could be reigning now but what happens when they aren't getting the hype they use to get before. Have patience limit with altcoins but not Bitcoin.
Not everyone has the same patience, many hold for a short time and many hold for a long time. But everyone should have a target that he will sell the coins if he gains this amount. If there was such a target, maybe many people would not have suffered so much. I have seen a lot of investors who get restless after investing and keep watching the market again and again and then go crazy selling the coins whenever the market goes down a bit. But my point is if I have to sell at a loss then why did I invest. My main objective of investing is to earn profit.
So I think there is no option to be patient after investing and we always know that the fruit of patience is always sweet. So those who have the ability to invest for the long term should invest for the long term.
So I think there is no option to be patient after investing and we always know that the fruit of patience is always sweet. So those who have the ability to invest for the long term should invest for the long term.
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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.
The question I ask anytime anybody approaches me about bitcoin/crypto investment I very simple and direct. I just ask them, how much are you willing to throw away into the air? Since investing in crypto requires patience, it's best to let them know they are throwing away money and when it finally pays, they should consider it a jackpot.
if the coin or altcoin is as trusted as bitcoin, ethereum or BNB, then there is no worry about holding it in the long term, but if the altcoin is new and you have done research according to personal analysis, then it is better for the short term, considering that new altcoins seem very easy to be manipulated, so that if we don't take advantage immediately, we are afraid that the project will actually experience a setback and we will lose capital, so even waiting for a long time seems meaningless
maybe true but everyone also has a different mentality, someone may be able to calmly see their portfolio minus 50%, but not for others, that's why I say that.
even if they hold top coin like btc,eth,bnb, if they see their money decrease they will start to panic.
there is no peace for me if I have minus 50% of my assets, maybe I will cry all night bemoaning fate to wait until the period returns to 100% or even more, you will surely regret why not let go when the assets are reduced from the previous profit
Hold can either get one's account loaded with profits or liquidated with reference to the project been invested on. Patience is the key factor of becoming financially stable in the market. Holding a coin for a long period of time and getting good profits as rewards at the end of the bull road maps for the projects is only earnable with patience. There are varieties of projects in the space, some are meant for short term while some are long term for holding, the main target is to be patient with the project, until it makes it's bull run up.
I know that patient is one of the things that makes long run investors to make profit, but profit making in cryptocurrency for long investors is dependable on the kind of coin you invested on, and the potentiality of the coin. Some good investors who makes research of coins do make profit for short term investment than long run investment, because some long run investment some of the altcoins that doesn't have a good potential do give off on the process, while some of short term investment the coins that lacks potential do bring up a profit. Sshall it depends.
Hold can either get one's account loaded with profits or liquidated with reference to the project been invested on. Patience is the key factor of becoming financially stable in the market. Holding a coin for a long period of time and getting good profits as rewards at the end of the bull road maps for the projects is only earnable with patience. There are varieties of projects in the space, some are meant for short term while some are long term for holding, the main target is to be patient with the project, until it makes it's bull run up.
I know that patient is one of the things that makes long run investors to make profit, but profit making in cryptocurrency for long investors is dependable on the kind of coin you invested on, and the potentiality of the coin. Some good investors who makes research of coins do make profit for short term investment than long run investment, because some long run investment some of the altcoins that doesn't have a good potential do give off on the process, while some of short term investment the coins that lacks potential do bring up a profit. Sshall it depends.
The ROI methodology is very simple. If you have invested small amounts then you are not taking any risk and thus your returns would be small as well. On the other hand if you have invested heavily then your risk is highest and so as to your returns as well. That’s how it works. Considering we are in highly volatile market you can also add up that risk and multiply it to the above pre involved risks. With the time bitcoin will be upward trend picker due to its limited supply and everything but to achieve your ROI you have to be consistent with the holding process. Not only that, you must bring down the average cost of purchase to lowest end.
Patience is a very good thing, but for how long. Everything should have a limit, but when the limit is crossed, can one be patient? This term has become very popular in cryptocurrency.If you look at Bitcoin it can be seen that it has been in the same position for almost 2 years. Do you think two years of patience? What is the use of patience if no result is obtained by patience?Everyone is now discouraged from being patient. But there are some good coins in the market which are sustaining cryptocurrency, if we talk about altcoins, I am not sure about it altcoins need much time to rise and grow.But later it is seen that the altcoins are not able to be enabled. I don't know what is going to happen in 2023.
Altcoins are still very risky, going up and growing is also unpredictable. There will be many losses if the altcoin is not developed anymore. But the top altcoins are still the go-to.Patience will indeed have a limit, but when you hold bitcoin you will have great hopes, depending on what price you will hold because you will definitely determine the main selling price. If it still doesn't reach the main price then there will be no sales even though for 2 years the price remains the same. Must have persistence in holding bitcoins, it will be a good capital, when the price has been reached there will be many benefits for you.
I Know One Of Old Slogan Like This Old Is Gold So When You Are In Loss Than Your Need To Wait Patience And Wait Again Bounch Back Than You Take Your Profit.
Profit is always profit no matter how small your investment is. Those small or medium investors you mean is for sure it is still huge money we are talking into unless you are just an ordinary person that holds bitcoin worth $50 which still not relatively small but if you gain 100% profit then it would be $100 then where can you pick up those $ 50 profits with just holding? No matter how small or big it is only up the person if he/she is contented.
The smaller investment the bigger impact different commissions have on it. Sometimes asset is growing, but selling it and withdrawing will cost more than profit investor got. So a size in this case can matter. The same about bitcoin: for transferring a million a commission will be very low and for transferring a couple of bucks it will be rather high, and moreover if you have no option of spending it directly many exchanges have a minimal withdrawal amount, you'll have no option of withdrawing just a couple of bucks.
For small and medium investors who start with a low amount, the potential ROI may not be significant in the short term. However, if they hold onto their investment for a longer period, there is a possibility that they may see significant returns if the price of Bitcoin or other cryptocurrencies increases over time.
Understanding the underlying risks attached to the asset in quoteis very important.
Understanding the underlying risks attached to the asset in quoteis very important.
Profit is always profit no matter how small your investment is. Those small or medium investors you mean is for sure it is still huge money we are talking into unless you are just an ordinary person that holds bitcoin worth $50 which still not relatively small but if you gain 100% profit then it would be $100 then where can you pick up those $ 50 profits with just holding? No matter how small or big it is only up the person if he/she is contented.
Patience is a very good thing, but for how long. Everything should have a limit, but when the limit is crossed, can one be patient? This term has become very popular in cryptocurrency.If you look at Bitcoin it can be seen that it has been in the same position for almost 2 years. Do you think two years of patience? What is the use of patience if no result is obtained by patience?Everyone is now discouraged from being patient. But there are some good coins in the market which are sustaining cryptocurrency, if we talk about altcoins, I am not sure about it altcoins need much time to rise and grow.But later it is seen that the altcoins are not able to be enabled. I don't know what is going to happen in 2023.
Holders can still sell in panic, those newbies panic sell because first, they are scared of losing (you should know at first that this is part of holding a bitcoin), and second, they don't have knowledge at all, they jump in because of the hype. Holders should train their minds because holding is a mental game and a waiting game as to when the price goes up and sell it all as well as the patient as this will take years or more depending on your target price.
Yeah, that's true but one way to maintain holding for a long period is by distracting yourself, just take your mind off the price of whatever coin you're holding that way you'll reduce the chances of you ever panicking because your attention has been drawn to another thing.
I am not sure if it will work for everyone but for me, that is what I do once I buy some button to add to my stash I just take my mind off it and concentrate on what step to take next in improving my investment strategy and that has been working for me.
For small and medium investors who start with a low amount, the potential ROI may not be significant in the short term. However, if they hold onto their investment for a longer period, there is a possibility that they may see significant returns if the price of Bitcoin or other cryptocurrencies increases over time.
Understanding the underlying risks attached to the asset in quoteis very important.
Understanding the underlying risks attached to the asset in quoteis very important.
I agree.
Not all coins except from the top coins and other big coins has the potential to be profitable in long term. Random altcoins that you're gonna buy because it's cheap and you can afford it doesn't mean it is worth to hold for the long run, most of the time, it will just make you regret holding shitcoins. Bitcoin however is a different topic, holding it for the long run after you bought it in a dip gives you confident that it will definitely gives you profit in the long run.
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