The patience to hold is a gift - page 3.

Cantsay

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Quote from: xSkylarx on December 12, 2022, 04:41:08 AM

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.

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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.

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Quote from: yohananaomi on March 16, 2023, 03:03:33 PM

Quote from: slashz9 on March 14, 2023, 10:31:03 AM

maybe those who understand say keeping money in the bank years is worse and better to keep it in bitcoin, but for those who don't understand it's hard and they don't believe it. believe me I've told my friend and he said it's impossible.

It must be remembered that banking has been around for a long time and has become a part of the life of the majority of people who have used it to store and allocate money so far. so it's not easy and you can't change that behavior to switch to bitcoin which may also be foreign to those who don't know. but of course not for those who already know about bitcoin thoroughly, it is certain that those who already understand will prefer bitcoin. because the value of the profit is very large compared to banking in general, only adjustments will be able to make them understand.

Why would really be making yourself that struggle up on making choices if you could actually be able to use both? Its not necessarily for you to choose only one if we do speak about Bitcoin and Banking.

We do have our own wills on what are the things that we should really get involved in and we do know about the limitations.In speaking about holding, then we do really know that this isnt something
that anyone could be able to attain or achieve since each one of us does have that different level of patience on particular things.

Try to look into those who had been able to hold for a very long time specially with Bitcoin? They had been able to benefit it out but of course you should always set that selling point.

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Quote from: slashz9 on March 14, 2023, 10:31:03 AM

maybe those who understand say keeping money in the bank years is worse and better to keep it in bitcoin, but for those who don't understand it's hard and they don't believe it. believe me I've told my friend and he said it's impossible.

It must be remembered that banking has been around for a long time and has become a part of the life of the majority of people who have used it to store and allocate money so far. so it's not easy and you can't change that behavior to switch to bitcoin which may also be foreign to those who don't know. but of course not for those who already know about bitcoin thoroughly, it is certain that those who already understand will prefer bitcoin. because the value of the profit is very large compared to banking in general, only adjustments will be able to make them understand.

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@OP This isn't the case with everyone because let's say those who held after buying from $65k and are still holding are the ones who call themselves to be stupid because they bought in the top. However, if we speak about people who got in earlier and let's say the ones who bought when we didn't even touch $10k are truly the ones who's got the balls to hold crypto like never before. It's never been easy to hodl anything because any person in this world needs money at some point of time where emergency takes place and that's when they take out these investments and sell them.

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Quote from: Bushdark on March 14, 2023, 01:54:04 PM

Quote from: GreenStox on March 14, 2023, 11:13:47 AM

Quote from: awik p on March 14, 2023, 10:56:19 AM

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.

I do see holding as a challenge we need to overcome or else we might become a loser. The market will always want to confuse us or make us do that we don't have intention of doing that is why we always need to follow our predictions about the market so that nothing will make us to be scared of the next direction the market want to go. Holding is something we need to learn so that we can reap our fruit or being patient. It is never easy to hold but the strong who are able to withstand the turbulence of the market with surely be happy when the market finally goes to the bullish direction.

It is true that holding cryptocurrency is a big challenge but if you can invest in the right place then at the end of the day profit will be achieved. And those who fail to make the right choice for holding will be losers by holding. Especially those who invest in alt coins and hold, they face these issues more. But with a little effort, those who will hold bitcoin coins will see that one day they will be good gainers.

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Quote from: GreenStox on March 14, 2023, 11:13:47 AM

Quote from: awik p on March 14, 2023, 10:56:19 AM

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.

I do see holding as a challenge we need to overcome or else we might become a loser. The market will always want to confuse us or make us do that we don't have intention of doing that is why we always need to follow our predictions about the market so that nothing will make us to be scared of the next direction the market want to go. Holding is something we need to learn so that we can reap our fruit or being patient. It is never easy to hold but the strong who are able to withstand the turbulence of the market with surely be happy when the market finally goes to the bullish direction.

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Quote from: slashz9 on March 14, 2023, 10:31:03 AM

maybe those who understand say keeping money in the bank years is worse and better to keep it in bitcoin, but for those who don't understand it's hard and they don't believe it. believe me I've told my friend and he said it's impossible.

Why would anyone keep money in banks with such sort of mentality? Any institution that provides banking services is only there to protect itself; there is nothing in it for the people who invest their money. For this reason, bitcoin is the best asset to invest in. It might take years, but holding on to your money will eventually pay off, and you should never panic to sell when there is bad news. Some people have regretted this decision because they sold their coin and it later grew in value. Bitcoin and perhaps other good cryptocurrencies are the safest places to store your money ever.

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Quote from: awik p on March 14, 2023, 10:56:19 AM

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.

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Quote from: GeorgeJohn on February 20, 2023, 03:51:35 PM

Quote from: martyns on January 31, 2023, 01:03:45 AM

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.

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

slashz9

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maybe those who understand say keeping money in the bank years is worse and better to keep it in bitcoin, but for those who don't understand it's hard and they don't believe it. believe me I've told my friend and he said it's impossible.

LUCKMCFLY

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I see patience as a virtue, but of course if there is bitcoin in Hodl mode it is best to be patient because it does not make any sense to sell btc at a price like the one we have because considering the last ath it is not smart to do it, first because it would be losing money and second it would be throwing away so much waiting time, monitoring and resisting so many storms through which bitcoin has gone, this without counting the amount of fud that has been generated, those things are what a holder must take into consideration.

mvdheuvel1983

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Holding, especially in bitcoin is a very profitable measure. Though it is very difficult to attain but when someone who is so determined and have another stream of income holds in Bitcoin, he will definately enjoy his massive return.
The bull run will profit those who invested for a very long term, and are patience enough to hold. The patience to hold in cryptocurrency especially at the bear market is so difficult but it will inturn results to a massive profit.

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Quote from: martyns on January 31, 2023, 01:03:45 AM

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.

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Quote from: Pamadar on February 20, 2023, 01:44:07 PM

Quote from: Jody.Drummer on February 19, 2023, 03:07:44 PM

Quote from: _BlackStar on February 19, 2023, 01:23:31 PM

Quote from: Jody.Drummer on February 19, 2023, 11:45:27 AM

Yes, when we enter the investment world, we must have what is called "patience". I will also say that the investment is not suitable for people who do not have patience. How could they possibly hold on for so long when they were impatient? Especially if we invest in cryptocurrencies whose movements are not the same as other stock exchanges.
There are many factors that make investors sometimes rush to make decisions, one of which is they can't wait to hold on for a long time, it's a problem that can only be overcome by yourself.

Patience also has limit, I mean they must not remain impatient to not sell when the expected returns have been achieved. For example, it's hard for me to expect bitcoin to be 6x ATH in past, so when it gets to 3x ATH, then they should be able to determine what their investment goals are.

But when their investment assets haven't returns the expected returns, then they have to be patient but stick to something that makes sense. Long-term hold is one that is recommended, but don't forget to take profits when the return target has been reached.

When indeed our target is like that then it is also not a real mistake because on the other hand we also have to be aware that we will not be here forever so when we have got the target we want why not.
But if you really still want to stick with a higher multiple, that's even better because regardless of anything, it's in your own hands. Hodl when we want to stay for the long term and get out if we feel this has become an advantage, I don't think it's wrong.

Hold if you think that things can proceed to what you percept the market will be, but if you set your expectations and it was already achieved then it's also okay to released your holdings with decent profits.

Depending from how you set your plan and how you execute your strategy, traders always have different
point of views which in general all are aiming to earn money.

This is what i do have in mind is to Take profit out when im happy or contented.Im not really that going for long term anymore on which it would really be just wise if you do take profits no matter what.
It is really just depending on how someone could withhold their positions on the time that they had bought in on a particular price.Waiting game does really test out your patience and we do all
know that not all people are really that having a long one which means that you could really potentially make bad decisions because your emotions do kicks in.
Lucky if it was a good call but most of the time which being impulsive does really give some harm.

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Quote from: Jody.Drummer on February 19, 2023, 03:07:44 PM

Quote from: _BlackStar on February 19, 2023, 01:23:31 PM

Quote from: Jody.Drummer on February 19, 2023, 11:45:27 AM

Yes, when we enter the investment world, we must have what is called "patience". I will also say that the investment is not suitable for people who do not have patience. How could they possibly hold on for so long when they were impatient? Especially if we invest in cryptocurrencies whose movements are not the same as other stock exchanges.
There are many factors that make investors sometimes rush to make decisions, one of which is they can't wait to hold on for a long time, it's a problem that can only be overcome by yourself.

Patience also has limit, I mean they must not remain impatient to not sell when the expected returns have been achieved. For example, it's hard for me to expect bitcoin to be 6x ATH in past, so when it gets to 3x ATH, then they should be able to determine what their investment goals are.

But when their investment assets haven't returns the expected returns, then they have to be patient but stick to something that makes sense. Long-term hold is one that is recommended, but don't forget to take profits when the return target has been reached.

When indeed our target is like that then it is also not a real mistake because on the other hand we also have to be aware that we will not be here forever so when we have got the target we want why not.
But if you really still want to stick with a higher multiple, that's even better because regardless of anything, it's in your own hands. Hodl when we want to stay for the long term and get out if we feel this has become an advantage, I don't think it's wrong.

Hold if you think that things can proceed to what you percept the market will be, but if you set your expectations and it was already achieved then it's also okay to released your holdings with decent profits.

Depending from how you set your plan and how you execute your strategy, traders always have different
point of views which in general all are aiming to earn money.

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Quote from: _BlackStar on February 19, 2023, 01:23:31 PM

Quote from: Jody.Drummer on February 19, 2023, 11:45:27 AM

Yes, when we enter the investment world, we must have what is called "patience". I will also say that the investment is not suitable for people who do not have patience. How could they possibly hold on for so long when they were impatient? Especially if we invest in cryptocurrencies whose movements are not the same as other stock exchanges.
There are many factors that make investors sometimes rush to make decisions, one of which is they can't wait to hold on for a long time, it's a problem that can only be overcome by yourself.

Patience also has limit, I mean they must not remain impatient to not sell when the expected returns have been achieved. For example, it's hard for me to expect bitcoin to be 6x ATH in past, so when it gets to 3x ATH, then they should be able to determine what their investment goals are.

But when their investment assets haven't returns the expected returns, then they have to be patient but stick to something that makes sense. Long-term hold is one that is recommended, but don't forget to take profits when the return target has been reached.

When indeed our target is like that then it is also not a real mistake because on the other hand we also have to be aware that we will not be here forever so when we have got the target we want why not.
But if you really still want to stick with a higher multiple, that's even better because regardless of anything, it's in your own hands. Hodl when we want to stay for the long term and get out if we feel this has become an advantage, I don't think it's wrong.

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Quote from: Jody.Drummer on February 19, 2023, 11:45:27 AM

Yes, when we enter the investment world, we must have what is called "patience". I will also say that the investment is not suitable for people who do not have patience. How could they possibly hold on for so long when they were impatient? Especially if we invest in cryptocurrencies whose movements are not the same as other stock exchanges.
There are many factors that make investors sometimes rush to make decisions, one of which is they can't wait to hold on for a long time, it's a problem that can only be overcome by yourself.

Patience also has limit, I mean they must not remain impatient to not sell when the expected returns have been achieved. For example, it's hard for me to expect bitcoin to be 6x ATH in past, so when it gets to 3x ATH, then they should be able to determine what their investment goals are.

But when their investment assets haven't returns the expected returns, then they have to be patient but stick to something that makes sense. Long-term hold is one that is recommended, but don't forget to take profits when the return target has been reached.

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Quote from: LUCKMCFLY on February 17, 2023, 09:43:34 PM

I say that patience is one of the talents that investors have, patience is something unique that gives long-term results, I have also read it in some books by Warren Buffet where he recommends it, of course world events are currently going at a different pace .

About 50 years ago the world was moving differently, more could be done regarding the markets, of course, as I said before in other threads, big time investors don't mind leaving an investment of $10k or more in shares for 8-10 years without touching that money, because they have a way to solve their basic needs, currently people cannot afford that luxury, because with a minimum investment it implies many sacrifices that they cannot make.

Yes, when we enter the investment world, we must have what is called "patience". I will also say that the investment is not suitable for people who do not have patience. How could they possibly hold on for so long when they were impatient? Especially if we invest in cryptocurrencies whose movements are not the same as other stock exchanges.
There are many factors that make investors sometimes rush to make decisions, one of which is they can't wait to hold on for a long time, it's a problem that can only be overcome by yourself.

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Quote from: LUCKMCFLY on February 18, 2023, 09:34:16 AM

As OP has said, you always need to trade in demo mode, or with play money, if I could start over the first thing I would do is not make the mistake I did, which was to learn technical analysis first.

I learned the other way around, because I know that before learning Technical Analysis it is recommended to know the reason for the movements, I would concentrate on knowing the reason for such movements in a period associated with an event and how it developed, as well as the market Bitcoin and cryptocurrencies are closely related to altcoins, you would know when you should buy altcoins, that the ideal moment is when Bitcoin is in an uptrend (confirmed) and thus wait for the first setback to be able to buy and generate more money, I think That way I would take advantage of everything.

Demo mode most likely use for trying another execution of technical analysis and at the same time is for the people who want to start in trading without having an idea what they are dealing with, sooner once you will feel you are already confident with the tools you are using that's the time you will try with your real money of course not all the time trading execution executes properly it depends on the whales market manipulation, one of my best strategy is to have a waiting pattern. Wondering what kind of strategy you are using too?.

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