Topic: The patience to hold is a gift - page 5. (Read 1662 times)

Bad times meaning in bear market or if you need money for emergency purposes? Because if it is for emergency no matter what the price is you need to sell it as you needed money and that is your purpose why you hold bitcoin but in terms of panic sell that is really a wrong move as you just got scared that the price will drop to 0 even if it is impossible. Though for sure those people who panic sell they regret that and will buy back again even if the price they bought are higher. That is why those who has a strong hands will be getting a lot of profit and those who panic will lose and quit

Ability to hold your crypto in a wallet without spending in a bad times its a a strong character trait. How do you have the ability not to panic when the price of tokens has fallen, and there is a desire to sell them. But all this is worthless if you do not know how to feel the moment when you need to sell crypto at high price.
For example, I didn't see it in 2018, and after all time high, I just flew down without fixing it in usdt.

It is never an option to tell someone to buy bitcoin if they are a newbie and have no knowledge about what bitcoin is and what it does. If they know the fundamental of bitcoin and its usage, then they will obviously HODL till its value is high enough to give them the profit.
Don't ask them how long they can HODL. Instead teach them the basic of Bitcoin.

It is never an option to tell someone to buy bitcoin if they are a newbie and have no knowledge about what bitcoin is and what it does. If they know the fundamental of bitcoin and its usage, then they will obviously HODL till its value is high enough to give them the profit.
Don't ask them how long they can HODL. Instead teach them the basic of Bitcoin.

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.

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.

One of the most important aspects of holding Bitcoin is patience; if you are patient, you will undoubtedly reap the benefits of Bitcoin. As a new Bitcoin investor, you should learn about its volatility before investing. You should only invest money that you know you can afford to lose if something goes wrong, and you should buy when the time is right and sell when you know you have enough profit from your investment.

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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.

Worth it for those people who doesnt really like to involved the risk on dealing with volatility on which they do rather keep themselves into their position and would really be just waiting for the right time for the price to pump up but there are people who arent really that confident when it comes to longevity on when they would be able to make profits or money and this is why they would really be tending to deal up with the price
upfront and would love to play volatility which they would prefer on trading or whatever things that they would be doing.Its true that not all are really that good when it comes to holding their assets
specially for long time on which there's no way that you could really be able to resist if you dont have that self control.

The desire to get rich quickly is not just a futile and loss bearing greedy feeling, but it is also an unrealistic one. I mean if anyone sits down even for 15 seconds and asks themselves "if it was easy to get rich quick, in any way or shape or form, would I be the one who discovered it for the first time ever?" and they will understand why so many people are poor, because getting rich quickly doesn't exist.

But you could get rich, not quickly but still get rich, how? Well, simply by holding. Do you imagine that if you invested all of your money into bitcoin today, in 20 years you won't be rich? I bet you would be, and that is what we need to do, and how we can get rich.

you really have to always prioritize if you really want to get more than what you usually do, if you don't have a priority scale, you will be stuck with routines, which may result in you not being able to get more than what you want.

The desire to get rich quickly, as you said, is indeed one of the priority scales that must be carried out and it requires patience, accuracy, in analyzing so that it can be tested, so that you don't make the wrong investment decisions which can pump in a short time and be profitable and come out right away.

but sometimes greed can also cloud everything that has been predicted beforehand but cannot go well, because it doesn't come out as quickly as possible but hopes to get more profit which actually makes the situation not in accordance with its main purpose.

With my experience in the market by just being a holder, it's worth it and even if it's for a while, I've made decent profits from it. As you have mentioned about long term holding is the safest, I agree on that.
Those that want to become rich quickly, they invest and choose those projects that they think will pump in no time and then they'll just get out of it as soon as possible.

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.

With my experience in the market by just being a holder, it's worth it and even if it's for a while, I've made decent profits from it. As you have mentioned about long term holding is the safest, I agree on that.
Those that want to become rich quickly, they invest and choose those projects that they think will pump in no time and then they'll just get out of it as soon as possible.

I believe that the long-hold strategy is indeed the safest and most reliable course of action for only the best ranked coins.
agree, everything is ultimately returned to each individual to determine everything because the one who will experience it is yourself.

Even holding doesnt guarantee 100% safe investment strategy although the risk would really be that minimal compared when you are really making active engagement when it comes to trading.
There are people who cant really just bare up with the risk which is something not that surprising.Even myself do consider on holding because im not really that much interested nor really that
afraid when it comes to certain risk.You cant really just make yourself that too confident on things which you dont actually have no idea on what you would gonna do.
Its up to your choice which path you would gonna take.