The patience to hold is a gift - page 6.

Fatunad

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Quote from: Kelvinid on December 30, 2022, 04:58:46 PM

Quote from: minime0105 on December 29, 2022, 05:04:04 PM

In this scenario, i think any one that call it's self investors supposed to know that it's supposed to buy and store now that Bitcoin is having challenges in the market, so i believe that should sometimes we will consider that Long term investment is the thing that gives profit in cryptocurrency investment, but some people doesn't know that such is in existence. Holding a coin for long time is matter of endurance and patience, and many people has become a billionaire because of the risk taking to hold coins with patients in long term

If we are into playing safe, Holding is the best thing to do especially during the bear season. But we can't say it was the most profitable strategy as we also consider what coin we are holding. Maybe if that is Bitcoin and ETH it is definitely not impossible but if are just holding shitcoins and hype coins, we can never expect from them.
As we are here in crypto, I think we need to learn how to extend our patience because not all the time the market is good. Sometimes we got under pressure but we need to stay focused and do what is best.

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.

Kelvinid

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Quote from: minime0105 on December 29, 2022, 05:04:04 PM

In this scenario, i think any one that call it's self investors supposed to know that it's supposed to buy and store now that Bitcoin is having challenges in the market, so i believe that should sometimes we will consider that Long term investment is the thing that gives profit in cryptocurrency investment, but some people doesn't know that such is in existence. Holding a coin for long time is matter of endurance and patience, and many people has become a billionaire because of the risk taking to hold coins with patients in long term

If we are into playing safe, Holding is the best thing to do especially during the bear season. But we can't say it was the most profitable strategy as we also consider what coin we are holding. Maybe if that is Bitcoin and ETH it is definitely not impossible but if are just holding shitcoins and hype coins, we can never expect from them.
As we are here in crypto, I think we need to learn how to extend our patience because not all the time the market is good. Sometimes we got under pressure but we need to stay focused and do what is best.

borovichok

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Quote from: minime0105 on December 29, 2022, 05:04:04 PM

In this scenario, i think any one that call it's self investors supposed to know that it's supposed to buy and store now that Bitcoin is having challenges in the market, so i believe that should sometimes we will consider that Long term investment is the thing that gives profit in cryptocurrency investment, but some people doesn't know that such is in existence. Holding a coin for long time is matter of endurance and patience, and many people has become a billionaire because of the risk taking to hold coins with patients in long term

Holding is the bold step that traders triggered in other to get long profits in the space. Investors and traders are not reluctant in their actions as the experience ones tend to adapt to the pattern of holding, they execute long time to understand the market and how it operates. Holding is not meant for all traders, however forbearance is been put into action. Risk is involved in everything concerning the market and the true fact is, there's gain and loss, we should be able to accept when things go contrary to what we expect.

minime0105

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In this scenario, i think any one that call it's self investors supposed to know that it's supposed to buy and store now that Bitcoin is having challenges in the market, so i believe that should sometimes we will consider that Long term investment is the thing that gives profit in cryptocurrency investment, but some people doesn't know that such is in existence. Holding a coin for long time is matter of endurance and patience, and many people has become a billionaire because of the risk taking to hold coins with patients in long term

Questat

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Quote from: doomloop on December 29, 2022, 12:45:00 PM

It's not something that can make us a millionaire overnight but it can take years or even decades because the adoption is not at its highest yet. Until now there are still lots of countries or people who are not yet on them but they will soon discover and get involved with it. It might be true that patience is a gift but if you are not blessed to be given by it then it is still/also possible to learn it.

In reality, the majority are impatient people. In fact, we can take a picture of our family and you will see that many are rushing to reach their goal.
This behavior can't be inherent to others but it can be influenced by a person who has a deep understanding of success. Because reaching our goal needs patience and ample time plus hard work. That is not to wonder why many people lose their hopes and fail because they are not doing the thing they are supposed to do (patience) as they likely it happen instant.

Pamadar

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Quote from: Cyber_Alien on December 29, 2022, 10:39:16 AM

One of the most important aspects of holding Bitcoin is patience; if you are patient, you will undoubtedly reap the benefits of Bitcoin.

Corecct, if you have that strong will and patience the chance to earn is always with you, bitcoin can surprise you any time.

Quote

As a new Bitcoin investor, you should learn about its volatility before investing.

If you understand volatility, you can simply adjust and you will not struggle when there's movement that unexpected, instead
you will just wait and hold.

Quote

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.

Using the money that you can afford to lose helps not to panic, you will wait knowing that there's always a chance of bounce
back and you will harvest the rewards if you wait or if you add more during the bear season.

doomloop

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Quote from: TalkativeCoin on December 28, 2022, 10:08:09 AM

It's a gift for any kind of doing, not just crypto, although especially for it Grin

This is true. Like for example when we work out (go to the gym). We shouldn't rush to see the results because it won't just come out after a week or two but it takes several months. This why many got bored and quit on what they are doing because they lack of patience. Same with cryptos.

It's not something that can make us a millionaire overnight but it can take years or even decades because the adoption is not at its highest yet. Until now there are still lots of countries or people who are not yet on them but they will soon discover and get involved with it. It might be true that patience is a gift but if you are not blessed to be given by it then it is still/also possible to learn it.

Cyber_Alien

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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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Quote from: Hamphser on December 28, 2022, 03:23:39 PM

Im guilty with this on which there is really the time that i do always check out the price every now and then on which i have told to myself that i would really be accumulating or holding for long term on which it is

really that just right that you shouldnt really check out the price very often because this would really trigger out that kind of emotion and thinking which you might make out some early sell or cut loss
specially on the time if its declining or making up some sell when it is really increasing a little bit which it do really remove the real essence if you are really that tending to hold.
This is why it would really be that ideal that you should really not check the prices every now and then and its true that this do really boils up on someones control and discipline because if you
do lack off with these things then pretty sure that you would really be seeing or finding it hard.

Hopefully you can get rid of this habit slowly, because it will affect our behavior towards the assets we are holding. If we are investors who are ready to hold for a long time, this is actually an easy thing to do, except as I said before, we are investors who don't intend to hold for a long time, surely we will do it every day or even every day. time to see the contents of our portfolio.
To avoid this kind of thing, we can do it by looking for activities that will forget the assets we hold, or in other words, looking for activities that will keep us busy so we don't have time to do it.

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Quote from: Sterbens on December 28, 2022, 03:02:04 PM

Quote from: Anguwa on December 15, 2022, 04:20:05 PM

I actually agree with you OP, it is always very difficult to hold for small investors, they are always looking at the money they invested especially if it is a large sum of money for the first time, unlike large scale investors who will just buy and forget the wallet until it needs comes. Poor investors who have few other sources of income are unable to do this; instead, they check their wallets almost daily to see if their balance has increased or decreased. You have a wonderful gift if you can actually hold.

This is a habit that shouldn't be done, yes, checking every day how much money is in the portfolio allows us to always want to quickly withdraw profits if our portfolio increases, or conversely we want to sell quickly when there is a decline because we are afraid of a deeper decline. But things like this will be very difficult to direct, except by ourselves. The mentality that speaks here, because one of the factors why we often see portfolios is none other than because we are not ready to hold on for a very long time.

Im guilty with this on which there is really the time that i do always check out the price every now and then on which i have told to myself that i would really be accumulating or holding for long term on which it is

really that just right that you shouldnt really check out the price very often because this would really trigger out that kind of emotion and thinking which you might make out some early sell or cut loss
specially on the time if its declining or making up some sell when it is really increasing a little bit which it do really remove the real essence if you are really that tending to hold.
This is why it would really be that ideal that you should really not check the prices every now and then and its true that this do really boils up on someones control and discipline because if you
do lack off with these things then pretty sure that you would really be seeing or finding it hard.

Sterbens

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Quote from: Anguwa on December 15, 2022, 04:20:05 PM

I actually agree with you OP, it is always very difficult to hold for small investors, they are always looking at the money they invested especially if it is a large sum of money for the first time, unlike large scale investors who will just buy and forget the wallet until it needs comes. Poor investors who have few other sources of income are unable to do this; instead, they check their wallets almost daily to see if their balance has increased or decreased. You have a wonderful gift if you can actually hold.

This is a habit that shouldn't be done, yes, checking every day how much money is in the portfolio allows us to always want to quickly withdraw profits if our portfolio increases, or conversely we want to sell quickly when there is a decline because we are afraid of a deeper decline. But things like this will be very difficult to direct, except by ourselves. The mentality that speaks here, because one of the factors why we often see portfolios is none other than because we are not ready to hold on for a very long time.

TalkativeCoin

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It's a gift for any kind of doing, not just crypto, although especially for it Grin

Fatunad

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Quote from: LUCKMCFLY on December 23, 2022, 12:17:35 PM

Quote from: rozak on December 09, 2022, 07:50:43 AM

Quote from: AicecreaME on December 08, 2022, 07:42:36 AM

Holding is very easy if you know what you're holding, what are their capabilities in the long run, and especially their worth. However, there might be some scenarios that could happen while waiting, like for example an emergency, where you need a large amount of money therefore you'll be force to sell your bitcoin and convert it in your local currency to assess the situation, or might be anything that is urgent.

That's why I always invest my fiat on cryptocurrency 60:40, I never forget to hold some extra fiat for my needs and just in case there would be an emergency. I don't wanna ruin the profit that I could make in the long run, so I always plan ahead.

You make every effort not to reduce your investment assets as much as possible before the plan you make is achieved. that's good, and saving fiat is also important for savings that we can use in an emergency situation. and it will not change the investment planning that we do.
when investing in Bitcoin, then our thinking must be for the long term. and it will not let us down. but some people do not keep fiat or run out of fiat for their needs. of course there is no other option to sell under any circumstances. nothing to be sorry about.

Well, it is always difficult when an investment is made in crypto and review its value in Fiat, when we see and have Bitcoin and we see that the price can continue to fall, many things can happen, first of all a person who has in mind that the price will rise Don't worry, but not everyone thinks like that, patience here is something that can be given as a great gift, but if you have the certainty that bitcoin will rise in price, if you have that conviction, it is very likely that you are a very investor. Successful, while there is so much to wait, knowing how to take advantage of the fact that the price falls more will be the best thing to buy, and if that is understood, I think that it can give a great surprise.

There are lots of what if's in someones mind on situation like this.

What if it would reach out even higher?
What if this would be the peak?
What if the price would crash afterwards?

If you are a long term holder then you would really be mainly thinking or boggling up your mind that it wont really be that
bad to make some sell off and this is where case to case basis that do happens.

LUCKMCFLY

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Quote from: rozak on December 09, 2022, 07:50:43 AM

Quote from: AicecreaME on December 08, 2022, 07:42:36 AM

Holding is very easy if you know what you're holding, what are their capabilities in the long run, and especially their worth. However, there might be some scenarios that could happen while waiting, like for example an emergency, where you need a large amount of money therefore you'll be force to sell your bitcoin and convert it in your local currency to assess the situation, or might be anything that is urgent.

That's why I always invest my fiat on cryptocurrency 60:40, I never forget to hold some extra fiat for my needs and just in case there would be an emergency. I don't wanna ruin the profit that I could make in the long run, so I always plan ahead.

You make every effort not to reduce your investment assets as much as possible before the plan you make is achieved. that's good, and saving fiat is also important for savings that we can use in an emergency situation. and it will not change the investment planning that we do.
when investing in Bitcoin, then our thinking must be for the long term. and it will not let us down. but some people do not keep fiat or run out of fiat for their needs. of course there is no other option to sell under any circumstances. nothing to be sorry about.

Well, it is always difficult when an investment is made in crypto and review its value in Fiat, when we see and have Bitcoin and we see that the price can continue to fall, many things can happen, first of all a person who has in mind that the price will rise Don't worry, but not everyone thinks like that, patience here is something that can be given as a great gift, but if you have the certainty that bitcoin will rise in price, if you have that conviction, it is very likely that you are a very investor. Successful, while there is so much to wait, knowing how to take advantage of the fact that the price falls more will be the best thing to buy, and if that is understood, I think that it can give a great surprise.

Hypnosis00

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Quote from: Anguwa on December 15, 2022, 04:20:05 PM

I actually agree with you OP, it is always very difficult to hold for small investors, they are always looking at the money they invested especially if it is a large sum of money for the first time, unlike large scale investors who will just buy and forget the wallet until it needs comes. Poor investors who have few other sources of income are unable to do this; instead, they check their wallets almost daily to see if their balance has increased or decreased. You have a wonderful gift if you can actually hold.

Those who always think about earning a profit easily will end up like being desperate which leads to selling their coins at a cheap price.
I understand how these small investors are trying to reach but this seems impossible knowing that crypto investment never gives us instant return. That is why need to learn how to hold, keep ourselves in a calm state, and most of all, learn to understand the nature of the market as it never works according to our plan. If we can't manage to hold, it is best not to invest here otherwise, we suffered the most - losses and stress

Anguwa

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I actually agree with you OP, it is always very difficult to hold for small investors, they are always looking at the money they invested especially if it is a large sum of money for the first time, unlike large scale investors who will just buy and forget the wallet until it needs comes. Poor investors who have few other sources of income are unable to do this; instead, they check their wallets almost daily to see if their balance has increased or decreased. You have a wonderful gift if you can actually hold.

jaberwock

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Quote from: mich on December 15, 2022, 12:36:59 AM

Patience is absolutely a gift to holding on to your Bitcoin, now that is a very bold and true statement. Investing in general should only be taken by knowledgeable cryptocurrency investors. You are not going to get rich overnight.
Investing itself specially in Bitcoin is like going on “Mr. Toad’s Wild Ride”, you've got the ups and downs. The price itself is somewhat a thrill experience, you are in for excitement when the price sores to sobbing when the price drops.
Understanding the value of what it is for the future is what derives those holding on to every single Bitcoin that one has.

When you say investing in general, that means all types of investment and not only crypto. Not all that who engage in investing are knowledgeable by default but they still can learn and improve. This is why it is called investing because it can take for a long time for our assets to bear profits.

There is no such thing as getting rich overnight here not even for a pump and dump coins. You can earn quickly on them but their risks are also above the roof so they aren't recommended for all. When we invest we shouldn't focus on the value alone or the price but we need to focus on their inner value or technology. Bitcoin is one of those who are truly valuable so people should hold on it tightly.

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Quote from: Rana590 on December 15, 2022, 11:51:53 AM

Actually it is not possible to control the crypto market. Crypto whale plays a big role here and small investors suffer more. It is true that we have to invest in different portion in different projects. We have to set our mind that we will be able to hold until get profited. After all profit and loss both are part of this sector.

It's impossible to get yourself control the market and that's why if whales can't too, they're doing something else and that's to move the market through the media.

If you're overreactive with whatever they do and publish through news, you'll get caught and that's a problem that you have to think about.

There is no need to panic because the whales mostly taking the sold bitcoins and other good altcoins for them when panic has been shown by the public.

Fatunad

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Quote from: Rana590 on December 15, 2022, 11:51:53 AM

Quote from: TalkativeCoin on December 15, 2022, 04:26:46 AM

I think it is important for investors to carefully consider their options and to always be prepared for potential fluctuations in value, and invest with what they can set aside. This is at least how I prepare myself mentally for the long run and it eliminates a whole bunch of worrying.

Actually it is not possible to control the crypto market. Crypto whale plays a big role here and small investors suffer more. It is true that we have to invest in different portion in different projects. We have to set our mind that we will be able to hold until get profited. After all profit and loss both are part of this sector.

There's no way on controlling this decentralized market although we know that whales,institutions and other huge things could really give out some significant impact in towards crypto prices.
If you've been here on this market for some couple of years then these current movements arent something that you would really be shocked upon. Its whether you do make
yourself being a holder or making yourself as an active trader or investor.It does really vary on how much you could able to withstand this uncertain market where
its movement is really that totally random and there's no way on knowing on what would comes next.

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Quote from: TalkativeCoin on December 15, 2022, 04:26:46 AM

I think it is important for investors to carefully consider their options and to always be prepared for potential fluctuations in value, and invest with what they can set aside. This is at least how I prepare myself mentally for the long run and it eliminates a whole bunch of worrying.

Actually it is not possible to control the crypto market. Crypto whale plays a big role here and small investors suffer more. It is true that we have to invest in different portion in different projects. We have to set our mind that we will be able to hold until get profited. After all profit and loss both are part of this sector.

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