Topic: The patience to hold is a gift - page 8. (Read 1600 times)

Currently if we compare both the scenarios, then both have its own benefits. Investing all your money in Bitcoins is risky, as there is huge risk and chance involved that whether your money will grow or not. Additionally there are also high chances that, you will go in negative if the market falls. In bank your capital will be constant, it won’t decrease atleast. Now on the other hand Bank doesn’t give financial freedom on our own money, so here investing in Bitcoins will be better idea. I know this sounds confusing. But do what you are capable of.

There is no doubt that investing in bitcoin will be much more profitable than keeping your money in the bank. Given the dynamics of the cryptocurrency market, the profit in this case can reach several hundred percent. But this will only be true if the market is bullish. Otherwise, 1-2% in the bank may be higher than you will earn on holding bitcoin.

~snip~But once you realize and understand how the market works and how you will be able to make
good money from the volatile market, things will suddenly change, and with the experienced
you gain, balance and proper management of your initial capital, gives you a decent outcome.

True, most of the time this is not an innate skill but one that we learn through experience, however many people lose too much money before they learn how to hold their coins and this causes the effectivity of this strategy to go down as their capital is much lower than when they began their journey, so it is important to learn how to manage our money as well so when we suffer those losses which eventually develop our ability to hold our coins we do not lose too much money in this process.

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.

Patience isnt a skill but rather a behavior on which something that really needs to be mold up but since people are really different in any ways then there's no way that each person
does have same level when it comes to patience.Its true that it is really something that relevant or needed when you do deal up with crypto space which each decisions
would be made will really be having that significant outcome or results which its up to you whether which action you would really be making.
But i do agree on some words on here that having that patience or in too much state could really be making you on missing out those opportunities on selling too.

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.

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.

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.

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.

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.

In addition, there are a large number of people who are distrustful of cryptocurrency. And it is those who will continue to place their money in the bank at 1% per annum, which will be devalued by inflation.

Basically what you said is true and for now the market is still in a bearish condition and that seems to be making some people hesitate to invest,
investing in Bitcoin is always a good choice and whether it is profitable or not depends on many factors

Basically what you said is true and for now the market is still in a bearish condition and that seems to be making some people hesitate to invest,
investing in Bitcoin is always a good choice and whether it is profitable or not depends on many factors

There is no doubt that investing in bitcoin will be much more profitable than keeping your money in the bank. Given the dynamics of the cryptocurrency market, the profit in this case can reach several hundred percent. But this will only be true if the market is bullish. Otherwise, 1-2% in the bank may be higher than you will earn on holding bitcoin.

There is no doubt that investing in bitcoin will be much more profitable than keeping your money in the bank. Given the dynamics of the cryptocurrency market, the profit in this case can reach several hundred percent. But this will only be true if the market is bullish. Otherwise, 1-2% in the bank may be higher than you will earn on holding bitcoin.