The patience to hold is a gift - page 7.

iv4n

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Quote from: mk4 on December 03, 2022, 11:41:44 PM

A huge majority of the time the reasons why people can't hold consistently is either the lack of conviction(hence knowledge) concerning the asset being held, being overly-exposed to the asset, or both.

I agree with you, and doubt about what is being held grows with the arrival of difficult days. And those who overexposed themselves and did not expect that the value of their asset could go down significantly are particularly vulnerable.

Well, it's not easy and simple to hold as it seems.

TalkativeCoin

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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.

Inspiron14

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Quote from: Insanity on December 14, 2022, 08:28:34 AM

Quote from: sultanzobair86 on December 12, 2022, 01:47:20 AM

Holding is very toughest work. Holders can see a big portfolio crash but still who have hold for the future. Holders can't sell in panic. Holders need strong mind. Holders need to have holding ability for long time. Thus a holder can achieve success.

If someone is worried about the market condition after holding then he can have a lot of trouble. And if he doesn't worry about the bad condition of the market if he can keep his mind strong then I don't think he will have any problem. But now the market situation is not very good.

Worrying is a normal thing, but if it's excessive, of course it will be a problem because it's not impossible that we will make the wrong decision.
market conditions are still unstable and I think we need to be patient,
hope that in 2023 the market will improve

mich

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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.

Hamphser

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Quote from: Luzin on December 14, 2022, 09:48:57 AM

Quote from: Insanity on December 14, 2022, 08:28:34 AM

If someone is worried about the market condition after holding then he can have a lot of trouble. And if he doesn't worry about the bad condition of the market if he can keep his mind strong then I don't think he will have any problem. But now the market situation is not very good.

Worrying is normal, but if it's too big it's not the nature of a holder. Never be a holder if you are worried that you are too big and make you uneasy. It will only torture you.
A holder must always be calm. Even though today there is a lot of bad news that attacks the trading platform. Not on coin products or theft. It seems like after the FTX case and more people are making bad news about other exchanges.
The last thing I read on Twitter was someone telling me to withdraw all the money in Binanace. After the news made things worse, they certainly tempted the Holders to move into save assets.

Its normal since we are just humans but you shouldnt really make yourself go into that extent on where you are already changing up your investment decisions just because you had panic out.

Patience isnt something that all does posses, we do have that different level or extent on which not all could able to hold up that long.Patience could give out that positive result
but since nothing is assured when it comes to future aspect or perspective then there's no way that you do make yourself that be numb on whatever situations that you might into.
Do make out actions according into your own knowledge and skills or awareness on how this market behaves.Patience is not a gift but rather a common behavior or quality on a certain person has,
it is really just depending on how we would be using it.Some might able to hold that long and some cant really just afford on doing so.

ShowOff

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Quote from: Luzin on December 14, 2022, 09:48:57 AM

Worrying is normal, but if it's too big it's not the nature of a holder. Never be a holder if you are worried that you are too big and make you uneasy. It will only torture you.

Traders and holders must have a difference, I mean traders may need to monitor market volatility to find the best times to sell and buy. Instead, holders only need to wait for their set price target to be reached before converting their profits. Traders or holders can worry about prices, good and bad prospects or anything that could affect the assets they own. But if they are holders, it's best to stay away from the market.

So far I don't really care about price movements, I'm not a trader but tend to invest a few dollars in the long term. Obviously ignoring market conditions "price volatility" has been a good thing for me as I don't think a small correction or jump will make a big difference. Stay calm, that is the best advice for holders but they need to stay updated on the development of the market situation.

Luzin

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Quote from: Insanity on December 14, 2022, 08:28:34 AM

If someone is worried about the market condition after holding then he can have a lot of trouble. And if he doesn't worry about the bad condition of the market if he can keep his mind strong then I don't think he will have any problem. But now the market situation is not very good.

Worrying is normal, but if it's too big it's not the nature of a holder. Never be a holder if you are worried that you are too big and make you uneasy. It will only torture you.
A holder must always be calm. Even though today there is a lot of bad news that attacks the trading platform. Not on coin products or theft. It seems like after the FTX case and more people are making bad news about other exchanges.
The last thing I read on Twitter was someone telling me to withdraw all the money in Binanace. After the news made things worse, they certainly tempted the Holders to move into save assets.

Insanity

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Quote from: sultanzobair86 on December 12, 2022, 01:47:20 AM

Holding is very toughest work. Holders can see a big portfolio crash but still who have hold for the future. Holders can't sell in panic. Holders need strong mind. Holders need to have holding ability for long time. Thus a holder can achieve success.

If someone is worried about the market condition after holding then he can have a lot of trouble. And if he doesn't worry about the bad condition of the market if he can keep his mind strong then I don't think he will have any problem. But now the market situation is not very good.

Pamadar

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Quote from: Yamifoud on December 11, 2022, 05:09:48 PM

Quote from: Oceat on December 11, 2022, 01:21:28 PM

Quote from: dbc23 on December 03, 2022, 12:40:06 PM

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.

It's not all about how long they will hold, it's how knowledgeable they are about of what they are dealing with. It's easy to invest into something but hard to get the profit/ROI that you want. So, if a newbie would want to invest this might take some personal or shared experience before they decide what to do with their investment.

If they have a good mentor then they are lucky to have one compared to those who are self-learning because it might take some time before they learn their lesson.

Learning is so fast if someone who has a huge knowledge of a particular thing like investing in crypto will accompany us and share their ideas as well. Because what we get from reading online, watching YouTube is incomplete while if someone teaches you and explains to you face to face, it was easy to understand.

But also, if we wanted to enhance our knowledge and skills, we have to improve our mindset as well and tried to encourage ourselves not to be afraid of taking risks. Because this form of investment is not just all about knowledge and skills but also about the experience. More experience - more learning.

I see that idea, if someone can give you a deeper look at how the market works and you are willing to continue enhancing your own
knowledge all of the sudden you will learn how to be patience.

Though it is still on how you wanted to succeed and how willing you are to spend both your time
and efforts to find the right way to invest and hold while patiently waiting for the good bounce back
to earn a lot.

isaac_clarke22

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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 the 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 patience as this will take years or more depending on your target price.

Sometimes it is, but sometimes it is not. The only key to it is finding other things to be distracted of since without any distraction, you'll likely to be looking too much into your investment on how much you earned within the day and it might even turn you unexpectedly into a day trader.

This was me back in 2018 when I was continuously repeating F5 and hitting refresh on the price of Bitcoin. Kind of annoying habit, I know but I grew out of it.

Fatunad

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Quote from: Oceat on December 12, 2022, 06:29:02 PM

Quote from: Yamifoud on December 11, 2022, 05:09:48 PM

Quote from: Oceat on December 11, 2022, 01:21:28 PM

Quote from: dbc23 on December 03, 2022, 12:40:06 PM

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.

It's not all about how long they will hold, it's how knowledgeable they are about of what they are dealing with. It's easy to invest into something but hard to get the profit/ROI that you want. So, if a newbie would want to invest this might take some personal or shared experience before they decide what to do with their investment.

If they have a good mentor then they are lucky to have one compared to those who are self-learning because it might take some time before they learn their lesson.

Learning is so fast if someone who has a huge knowledge of a particular thing like investing in crypto will accompany us and share their ideas as well. Because what we get from reading online, watching YouTube is incomplete while if someone teaches you and explains to you face to face, it was easy to understand.

But also, if we wanted to enhance our knowledge and skills, we have to improve our mindset as well and tried to encourage ourselves not to be afraid of taking risks. Because this form of investment is not just all about knowledge and skills but also about the experience. More experience - more learning.

Learning won't be enough if they just take it from reading and watching, they should start to do something in order to gain that knowledge it's to put yourself to the test if you really deserve the knowledge you have. Risking is important in every aspect of life because if you don't do it, you will never learn even if you failed or succeed, at least you do what you gotta do.

There are a handful of people that can do this but only few people succeeded. It matters on how persistent you are of what you are doing to acquire that knowledge and experience.

Everything is needed for you to learn, reading up other experiences and knowledge wont really be enough for you to learn up everything which it is really still needed for you to
deal up with things on your own or something we do call out that real experience or engagement on a particular thing and not just reading it out.
Patience is really something that you do really need when investing on crypto but it does have its cons which you do also need to sell out when its needed.
Therefore, its not always talking about patience.

Oceat

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Quote from: Yamifoud on December 11, 2022, 05:09:48 PM

Quote from: Oceat on December 11, 2022, 01:21:28 PM

Quote from: dbc23 on December 03, 2022, 12:40:06 PM

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.

It's not all about how long they will hold, it's how knowledgeable they are about of what they are dealing with. It's easy to invest into something but hard to get the profit/ROI that you want. So, if a newbie would want to invest this might take some personal or shared experience before they decide what to do with their investment.

If they have a good mentor then they are lucky to have one compared to those who are self-learning because it might take some time before they learn their lesson.

Learning is so fast if someone who has a huge knowledge of a particular thing like investing in crypto will accompany us and share their ideas as well. Because what we get from reading online, watching YouTube is incomplete while if someone teaches you and explains to you face to face, it was easy to understand.

But also, if we wanted to enhance our knowledge and skills, we have to improve our mindset as well and tried to encourage ourselves not to be afraid of taking risks. Because this form of investment is not just all about knowledge and skills but also about the experience. More experience - more learning.

Learning won't be enough if they just take it from reading and watching, they should start to do something in order to gain that knowledge it's to put yourself to the test if you really deserve the knowledge you have. Risking is important in every aspect of life because if you don't do it, you will never learn even if you failed or succeed, at least you do what you gotta do.

There are a handful of people that can do this but only few people succeeded. It matters on how persistent you are of what you are doing to acquire that knowledge and experience.

nara1892

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

Quote from: sultanzobair86 on December 12, 2022, 01:47:20 AM

Holding is very toughest work. Holders can see a big portfolio crash but still who have hold for the future. Holders can't sell in panic. Holders need strong mind. Holders need to have holding ability for long time. Thus a holder can achieve success.

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 the 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 patience as this will take years or more depending on your target price.

Holding cannot be as easy as what one thinks, mentality will greatly affect it, especially if you see a burning portfolio that is the time when our minds will fight between selling and continuing to defend what is held. This can be done by a professional who is already mentally trained, it will be different if it happens to beginners. Moreover, as discussed, lack of knowledge and they buy just because of the hype without any knowledge that they should have known from the start.

Slow death

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actually it is not a gift, I would say that when a person has money that they can afford to spend and they will not lack it and put it to buy bitcoin then that person will not panic when the price of bitcoin drops a lot, because that person does not need that money, he has more money to cover the needs he has, so he can wait many days until the price recovers and makes a profit, but the same cannot be said when a person invests money that he knows that after some time time will be needed, at that time that person starts to get desperate because the price has dropped and the money is no longer the same value, the money is reduced and then that person decides to sell before the price drops even more and he is left with little money

xSkylarx

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Quote from: sultanzobair86 on December 12, 2022, 01:47:20 AM

Holding is very toughest work. Holders can see a big portfolio crash but still who have hold for the future. Holders can't sell in panic. Holders need strong mind. Holders need to have holding ability for long time. Thus a holder can achieve success.

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 the 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 patience as this will take years or more depending on your target price.

sultanzobair86

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Holding is very toughest work. Holders can see a big portfolio crash but still who have hold for the future. Holders can't sell in panic. Holders need strong mind. Holders need to have holding ability for long time. Thus a holder can achieve success.

QueenVera

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Quote from: jrrsparkles on December 09, 2022, 09:46:44 AM

It's like a skill which everyone can master with the experience, no matter you invested big or small there will be returns accordingly. For me it comes after lots of life lessons like many failure in both investment and business sector so everyone will have their lesson in their own way. One who can master as early as possible can make it big but better late than never.

To master it you have to start small and gradually increase your position as you get more experience in the market. People just just into holding without even knowing what they're buying into. A newbie that bought shitcoin shoudn't be holding instead they should be looking for a way to sell when they see profits.

Holding should be for coins with strong fundamentals and community like Bitcoin Ethereum and BNB. This projects has higher chances of surviving for years and also has history but those newly launched project don't have such history so they can't be trusted.

When holding, start with funds that won't disorganized you if it gets lost in the market due to dip of the market as if you start your holding with much capital, it'll disorganized you and you might be forced into selling just to minimize your lost.

Yamifoud

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Quote from: Oceat on December 11, 2022, 01:21:28 PM

Quote from: dbc23 on December 03, 2022, 12:40:06 PM

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.

It's not all about how long they will hold, it's how knowledgeable they are about of what they are dealing with. It's easy to invest into something but hard to get the profit/ROI that you want. So, if a newbie would want to invest this might take some personal or shared experience before they decide what to do with their investment.

If they have a good mentor then they are lucky to have one compared to those who are self-learning because it might take some time before they learn their lesson.

Learning is so fast if someone who has a huge knowledge of a particular thing like investing in crypto will accompany us and share their ideas as well. Because what we get from reading online, watching YouTube is incomplete while if someone teaches you and explains to you face to face, it was easy to understand.

But also, if we wanted to enhance our knowledge and skills, we have to improve our mindset as well and tried to encourage ourselves not to be afraid of taking risks. Because this form of investment is not just all about knowledge and skills but also about the experience. More experience - more learning.

Mr.right85

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Quote from: dbc23 on December 03, 2022, 12:40:06 PM

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.

That's one way to handle this I tell you that and surely, it's better than having it in the bank.

You know, holding isn't entirely beneficial to a business minded individual. Dob Don't me wrong, its profitable but still, if you look at the time frame (let's let's 4years) you use in holding $100 in bitcoin and it returns let's say, a %300, that would be far less when you get to run a profitable business with same amount for that time frame. That's if you don't come by some huge loses though.

Although, if we look at it ti's way, we could be doing it wrong. Because, there are aspects to every field and if I want to draw a comparison now with some close relativism as per where to look, I'll say

Holding in coin = Holding in banks (Just the act and not profit wise)
The percentage banks gives on holding fiat in 4years is far less compared to what you get from holding cryptos on 4year. For a 4years bitcoin holding, 300%+ is possible but for holding fiat in banks, your not sure of even 30%. That's some huge lose.

Trading coins = Running a business (This could go both ways as above)
Here, it's more about the risk and management so, it gets productive where you do great on both.

Hence, having them pitch there tent on what it is to gain from fiat in a bank and having some holdings in bitcoin is a great way to explain that. Just that, they should always get to decide and be educated on the risk involved.

Oceat

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Quote from: dbc23 on December 03, 2022, 12:40:06 PM

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.

It's not all about how long they will hold, it's how knowledgeable they are about of what they are dealing with. It's easy to invest into something but hard to get the profit/ROI that you want. So, if a newbie would want to invest this might take some personal or shared experience before they decide what to do with their investment.

If they have a good mentor then they are lucky to have one compared to those who are self-learning because it might take some time before they learn their lesson.

Topic: The patience to hold is a gift - page 7. (Read 1653 times)