Topic: Why you need patience to invest in cryptocurrency (Read 465 times)

When it comes to investing in cryptocurrency, it's crucial to have a long-term view and be patient since it requires patience with an endeavour that you believe in, even if the results take time to show. And your sister's tale exemplifies the significance of conducting independent study as well as making your own conclusions while investing in cryptocurrency. She's learnt an important lesson that will serve her well in the future. Because it's crucial to remember that great things need time to flourish, and this is especially true in the world of cryptocurrency, where it takes time and patience to see results, and things aren't always easy. But if you stay with it, the results can be worth it.

Cryptocurrency investment is not fast making money sometimes, you need to exercise patience because it’s volatile in nature, lack of regulation, it’s speculative nature, technological innovations and market manipulation.

When it comes to dealing with cryptocurrency, people often have a few regrets along the way. Let me share some of the most common ones:
Missing out on Opportunities: Many individuals kick themselves for not getting involved in cryptocurrency sooner. In the early days, buying Bitcoin at a fraction of its current price seemed like a risky venture, but those who took the leap experienced significant growth.

Laziness is one way to put it but I feel what I would call it is ignorance because most person aren't actually lazy to make research but their are just ignorant to know more about what they are putting their money in , I think they are okay with the little knowledge they have heard from people about the project. When you are Ignorant, nothing actually consign you, what you are all about is that you keep hearing good things and no negative which is impossible because negative and positive exist naturally in life.

Research is very important when it comes to investment in cryptocurrency. It is just that most investors are too lazttfor research and this is why most really fail and lose money after investing in wrong projects.

Cryptocurrency really needs being patience. If we all learn to be patient with our investment, we will definitely win a lot from it. Imagine those that have invested in Bitcoin years back when it was still nothing and hold till today.

Make you get patience and at the same time no be selfish; know when to take profit, because you no fit always make all the profit for one trade, he talk.

Watch when the value don high well-well and sell your coin so you fit enter market again when e come down to resistance level.
One major wahala na say the price fit change anyhow. E fit risky to invest for cryptocurrency if you no sabi the risk factors. For example, you buy some cryptocurrency and the market come turn against you; you go need wait make e either go back to the value wey you buy am or you go run at a loss. As you dey wait, your money go dey on hold.

As the saying goes it better to buy and wait than waiting to buy. Waiting to buy Bitcoin at this stage is a big mistake. Accumulate as much as you can if you have the means and stop waiting. The halving is just few months away and if you keep waiting you might miss the shot. I won't advise anyone to sell his/her accumulated Bitcoin at this point. As yourself those people who are buying from you why are they buying when you are selling?

Well many people are of the wrong opinion that an investment in crypto is like some kind of get rich scheme that will just blow up overnight and this is what has been their base to actually even getting involved in crypto in the first place. Crypto especially Bitcoin investment is not something that someone needs to hurt for during the early stages of Bitcoin many people lost or used up or even sold their coins off base on the little profits they might have gotten ontop just as the way your story is told but they later end up regretting saying if they had known that the price will blow up they would been patient and same stories are still trending even just as the previous ATH was met stories like this was the trend Because many people weren't not patient enough to benefit from the 2020/2021 bull so patient is virtue in this crypto world.

OP actually you are right but patient is not only in crypto investment but to every other investment general because patience is the key to every success and like they said a patient dog eat the farthest bone so is also applicable to investment especially considering how volatile the market can be and we can hardly predict what the investment could yield within a certain period of time, so perhaps is only Patient that can determine the success of your investment.

However is quite unfortunate that most persons failed to see how important it is to have patient instead of believing that the possibility of making good profit from there investment within a short period is very certain, which at the end will result them to start panicking if it doesn't work the way they had expected, so in overall patient is a key to every successful investment.

Well, I think besides the need for any form of patience, is the need to have a good source of income to be able to invest with.
The crypto journey is a tedious one and any investor without a prior knowledge would encounter loss that the tale after that would not be soothing to hear.

The patience to wait for most crypto owners these days is mostly occasioned by the events of halving, and already approved ETF that many anticipated. We are just watching the turn outs of event to know whether to buy, sell or accumulate more than before.

Op this matter of sister selling her pi coin is characterized by two major keys of indecision like I have listed in my post few days ago in the board here such as
1: lack of self confidence
2: Not understanding the scope others take to succeed
Ignorance has purnish many people and lack of confidence. we human have two forces, internal and external forces that tends to pull us out from our success but the ability to control gives you the break through. Your sister sold it because she lack confidence on what she is mining, also have not study deep on how people make it through cryptocurrency.the internal force which is spirit of doubt pushed her since she has not study or understand how others succeed the external force which is spirit of haste join to execute such action of selling. Anything one do without the two keys will always falls into your sister shoe.

There is always a very big risk of buying meme coins or altcoins mostly the ones that have not been listed in any exchange. Op I was somehow confused of the part you said, they started mining when the coin has not been LAUNCHED, so I was thinking how can someone mine a cryptocurrency project when it launched. As for me and the way I look at it. The project has been launched but has not listed in any exchange so you can't sell it at that time until the it is listed in exchange. One of my brothers has one of the altcoins and I have forgotten the name for years till now but he can't sell it because it is not found in any of the exchange. And investing in Bitcoin is the best.

On a short note, patient is extremely required as as a personal skills of possession because Bitcoin has a volatility system of decrease and increments in values that an individual marketing skills doesn't utter advantages to benefit a single handedly investor.
Infact. The volatility of Bitcoin isn't considered to by the conscienceness of its Investors so, if you must make it profitably in the Bitcoin industry then you must adopt the quality of patiency.

Crypto currency is a long term investment, it's not something you invest in to have profit within a short period of time,  that's why patience come into play, only a patient investors make it big in crypto currency,  because the value of crypto currencies is not stable over a long period of time , so as an investor in crypto currency you should be able to bear risk and should Also be a patient person.

Cryptocurrency is all about hodling and if you don't have patience it is impossible for you to have a successful investment whether it is Bitcoin or altcoins. one needs to have the habits of patience, I know so many altcoins that many people invested, but  after some time the projects was a failed one. That is why it is important before investing in any Project a good research must be carried out to see if the project is good for investing and  for hodling.

Apart from just the pi matter we need patience for every part of our life, e get somethings wey if you go rush do am you go just spoil everything, majorly this cryptocurrency of a thing so, if you no get patience before you go know you don go sell all your coin when the market get small profit, na latter you go come realize say you don fuck up.na why the best thing to do na to just relax calm your mind down before you rush to do wattin you nor supposed to. I know of plenty person wey because of say dem no get patience Dem don lost many things for this life.

Actually if you look am to some extent, even the person in question so, supposed to wait until Dem officially launch the pi network. But I no blame anybody because the pi sef come dey be like say na fake, dem don release many date wey Dem go Launch am but las las that date go come pass. So person wey sell now sef try pass those wey give up along the way of mining. But those wey go wait till the end na dem go enjoy pass because even if the coin value just dey equivalent to N500 na something.

Lack of patience has affected alot in this space. Although I can't blame them really, most time FOMO may be the cause. Although sometimes being over patience may still be a problem especially when you invested in an altcoin. I once invested in an altcoin than did 3x within few hours. I think of being patient and hold for a while. At the end I made a lost from this project as the project later dump after some days. So in crypto, one have to learn to be patient and also to take profit at when due.

Our people we be naija we don't no well we'll about bitcoin investment and we don't think we'll before we invest and na that thing na e be our problem for bitcoin investment, we dey invest for bitcoin and we dey do things to we dey make us dey lose for bitcoin investment, one thing wey be our problem is that we dey invest for bitcoin when we feel like investing with bitcoin and sometimes we dey do like say rushing to cash out our funds when the investment is matured is the right to do because of fear, and wetin dey make us to dey feel say we go lose and we no go lose for bitcoin investment is when we no study how bitcoin dey use increase and how bitcoin market also dey.

I no talk say make una no get patient for una investment for bitcoin wey una dey do but wetin I dey talk be say at least make una take time to check the investment first and get duration wey una go dey before una invest for bitcoin and make we no dey panic

Patience plays a crucial role in various aspects of business and investment, particularly in the realm of cryptocurrency. Many individuals struggle with maintaining patience in their cryptocurrency investments, and this can often be attributed to a lack of comprehensive understanding. The absence of proper knowledge about cryptocurrency investment makes it challenging for someone to endure and remain patient during periods that may not immediately yield profits.

I really feel that patience can only be maintained when one has a strong understanding of the investment one is making. That deep knowledge of the specific investment is what gives confidence and creates the room that patience needs to grow. As a result, developing a patient strategy necessitates learning cryptocurrencies inside and out, combining information with investment confidence.

Investing in crypto, d like wetin peso no know wetin d future holds for am via em investment. You go fit succeed in am, or lose in am as the case maybe because investment for crypto get as am be, when the peso no invest in bitcoin but prefer to invest for altcoin instead.

OP, as Pi investment d evoke so, I think em get many  people wey no believe on am up till this very moment and them no d ready to risk their money for am, they would rather invest for bitcoin or top altcoins than to add it to their portfolio.

OP, Lucky those wey follow for the people wey mine Pi for its early stage wey em worth nothing. And today wey em don worth something. In year's to come em go fit worth something bigger or less. The future of PI mining is uncertain for people wey still have it stored in their phones.

As for me, na bitcoin and some other top altcoins I know. Pi d very far from my reasoning of having it as part of investment I should make towards my future investment for crypto.

When it's come to cryptocurrency patients is needed to survive in it, we cannot just decide to sell whatever we are holding just because we never gain much in it, not even in cryptocurrency patients is the key to success. That is very good for her, but if i were in her shoe i will do the same by selling the Pi because since how many years now, people have being holding that, they keep on extending their launching date, if person is not patient enough they will give up on that to even delete their mining information out of their phone. For this country many people believe on Pi that one day they most launch while some didn't believe on them.

Because they believe that the total amount of people that are holding Pi they are not small most especially in naija, you will see some mining Pi more than thousands, how did we expect Pi to pay all this people, i don't think it will be possible to pay, all this kind of thing you will mine for many years, end up having nothing, in my opinion i won't advise anyone to hold Pi just because they promise to launch, if they have the opportunity to sell they should sell. I no fit compare Pi with bitcoin because you go explain tired without evidence. 

Asides cryptocurrency even in other aspects of our daily lives, patience is a virtue that you need if you must succeed in the long term because I have observed that things that last and have good fortune usually requires patience to be able to get them and maintain them in the long term enough to get the desired results or profits which is expected of it to yield. So it's very important that you have patience both in cryptocurrency and other investments you have because to be able to maximize profits then it's in the long term you will see such profitability.

Cryptocurrency needs a good amount of patience especially when you are investing at the time of the bear, you will have to wait a while for the bull if not you wouldn't be as profitable as you would have been if you had waited long enough for the bull to set in.

The journey of crypto currency is a journey of patients, and we need to be singing it as a song always and also putting it to practice. The most important thing in crypto is the ability to be patient and if your are not patient you wouldn't be able to achieve success.

But in the aspect of your sister selling off her pi coin is up to her she owns it and she was the one that mined it. Like me I know how much time it took me to mined pi-network and telling me to sell of my pi so easily I will not. I started mining pi since 2020 and yet kyc problem otherwise I would have moved transferable coin to my wallet and out of thousand of it you can only make use of the transferable to mainnet. so value your pi except it's a doom project, because many has lost hope it even me. Because at a point I thought I was a billionaire with the hype of pi which was estimated to be $314159k per coin and its just like a fantasy.

You need patience when investing in Bitcoin but you need smartness if wetin you dey run nobi Bitcoin but altcoins. I never still understand this pi something, like some people dey call am scam while others dey call am legit but the whole thing just dey remind me of TBC (the billion coin). E get similar hype and everything, people wey dey mine or buy pi make dem know say no be Bitcoin success the coin go get. E fit get more profits pass Bitcoin but e no go fit be Bitcoin so make we no dey use because of Bitcoin dey buy am. The coin just dey complicated and when things like that dey happened, the best decision to take na to just avoid am and buy Bitcoin for hodling.


I no like as you use Bitcoin dey sell this pi something, no compare two of them. Bitcoin need patience and when you give Bitcoin patience, you'll be guaranteed rewards at the end but you no fit talk the same thing for pi as you fit buy and hodl yet na rubbish (worthless tokens) wey you go dey left with because nobody know how pi go be tomorrow. Many people dun buy altcoins with this patience mindset yet dem no get any profits from the investment. Altcoins no be wetin you go dey use Bitcoin mindset they follow. No go advise anyone to get patience with altcoins oh as na pure gambling you dey do there and not investment.

The problem people do have when it comes to cryptocurrency is that they want to make profit very quick, when they noticed that it will take time to make profit they lose interest in cryptocurrency. Cryptocurrency is all about patience, with at this it is possible to make profit from it because most time it is something that takes time to gain value. Because of the lack of patience many people don really lose opportunity in cryptocurrency and when dey realize say them don miss this opportunity it used to be painful because of time wasted.

You're actually right most people has fall as victims holding the wrong project hoping it will yield some thing nice at the end. But end up being a disappointment while most people hold the right project but due to impatient and all that they would end  up selling at  the wrong time either at the point when the project haven't started yielding anything or at loss. Then later on found at the project have already boom skyrocketed.so that why they always say make proper research before considering any investment.

Number one, to succeed in this life, you must be patient because of the challenges you must overcome before you can achieve your goals. Many people who do not get what they need do so because they lack patience, because anything you know that will bring you income will cause you to see different things and you will be willing to take risks, and if you cannot take risks in your crypto journey, you will never succeed on it that is why they said you need to be patient and take risk that you can afford to lose.

You will never appreciate the benefits of Bitcoin if you are unable to leave it for an extended period of time, and I believe that is what some people do not grasp. In bitcoin, if they buy and see the price dropping, they will sell it because they believe they will lose all of their funds if they leave it, but that will not happen because the price is volatile and will rise for some time again, because I believe the price is currently dropping and am very confident the price will rise because the bull roll is coming, and if you have not bought, I believe this is the best time for you to purchase the coin in a safe wellet.

Patience is really important in any investment we are making. It's a good thing that your sister made money from the pi she mined for free. You know it is not Bitcoin so selling of at the rate of 300 is not very bad as nobody really knows what the value of that pi will be when launched. Whatever you are hearing now is a mare speculation. You should advise her to use the profit she made from the pi and invest it on Bitcoin and hodl. Since she has now seen that there is profitability in crypto currency and she made money in pi an alt coin, so she stands a better chance of making more than that in Bitcoin.

Those who had not been patient knows where their impatient has landed them, we need to be very observant in doing things, not everything requires being rush, we make mistakes while doing things in haste and those things that are promising high returns over a very short time were almost fake, everything in life has procedures, protocols and what is expected of us to do, we need to learn how to do things the gradual and normal way, you cannot plant a tree today and expect it to be fruiting immediately except you're been decieved about it, we have to create time in learning more about cryptocurrency to help us grow more in knowledge about it, this is the first security we have when we learn to do things the expected ways.

As the saying goes, there's no easy way to success. This is very true and a fundamental aspect of life we must come into terms with. Because man was created with love for the world and affluence, man is always eager to acknowledge and become acquainted with all the fantasies of this world.

This is where I think gambling got it's root even though I'm going to say this loosely but one can equally argue that due to the much love we have attached to affluence, it has made us impatient and always looking for the fastest and easiest route to success which includes gambling with small funds but expecting huge results and profits thereby loosing their odds for their win to lost.

All I can encourage everyone is to belive in the process and be upright into saving your money.

You don't need to blame just too easy as most times stuffs like this always end up without being productive at the very end. There have been same stuffs like this which later became worthless. It is difficult to identify which will pay off, so attempting first is best since their is no risk involved like depositing in money.

Patience is needed in every business not alone cryptocurrencies but every other businesses we intend to do, people lack this and this cost them missing great opportunities.

But make we always know say if dem introduce you to a platform where dem go dey ask you to bring one money or the other one, hmmm make you wake up oo because some people still dey fall for dat type because dem want to hammer quick quick but cryptocurrency no be like that, e dey get season and of season like we dey approach the bull season now as some people don buy some coins keep down dey wait.

That pi don dey become popular and some people don lose hope on it. Time go come if e enter market, people wey dey patient now go begin smile. Some coins don come from buttom to top in the past like BnB, even dogecoin too. So pi go soon put film as usual like e dey always happen for crypto every 4 years.

Patience na crypto investment second name, any investors wey jam any credible projects wey get di potentials de profitable in di future na to buy am and hodle till e pump very well. But di problem be say how person wan take know better crypto wey no go become shitcoin in the future, after you done buy finish come begin to get dat patience say make e de appreciate, before you know di price don dump or di coin go just become worthless. So my point be say before you go hodle any crypto coin, make you do proper research, odawise na gamble you de take, na only Bitcoin and top altcoins I fit to put my money and get patience, because I de sure say dem go make me richer for dem bull run.

So for di OP matter I no fit to blame dem as dem de skeptical about di pi matter, because for money matter person need to de careful before im go put money for wetin im no know about. We de talk about patience for dis dem pi matter because we don see say e de profitable, what about plenty scam projects wey de for crypto market wey people go buy and las las dem no see shishi? So if person no put money for wetin im no de sure of, make e no blame himself if di thing later de profitable, because if na scam im go de happy say im no waste im time for di nonsense.

This pi matter no be small oo, me sef right from the start I no even believe in am, because I don do many mining like that wey las las e com be like say na waist I been dey waist my time and sub. I no go lie you even this pi sef to me e still get as e be, because by now Dem supposed to don launch am. And make I no lie you, though Dem still dey find wey to get more market cap so that when ones Dem launch am th price sef go still good for eye. But e most start from small, so person wey even buy now fit experience some loss when Dem launch am  newly but with the help of more investors, the price fit increase. If to say dem launch am before the bitcoin halving e for good.

The problem with most people is that they lack the understanding that everything has its own procedures and requirements, we can't just venture into an investment without first knowing about what it entails, we have to understand the model in making a cryptocurrency Investment, learn them and know as well the risk involved in cryptocurrency before we start, then we may understand if making profits is possible as fast as possible or needs a thorough patience over time.

Op don't blame your sister for selling her Pi token so early, that is what any newbie will do. Your sister might make the right decision by selling his Pi token on the black market because the Pi token is not traded in any exchange for now. There are no solid ideas behind this Pi token, people are just buying Pi based on the hype, and anything can happen. Remember TBC got more hype than this Pi token and they ended up scamming people of their money. Op no be everything require patience for crypto, you fit say make you get patience to hold your crypto others go use your money cash out for your head. That is why e good make we they only invest our money for bitcoin so that even though we want hold bitcoin for like six years other people no go use our money take profit and we come they at lose.

For sure no be to by the bitcoin na the holding matters, for instance how long can you hold it, because bitcoin is not like other coin if can hold it for long then you will be able to see something not even bitcoin there are some altcoins which also regard with the long-term investment that means in general investment deals with patience.

That one na normal for crypto space and not only crypto space, with your example e good make everybody exhibit the habit of patience when holding bitcoin but not all crypto cause some coins are not meant for long term investment, some will decide to follow the hype but still some coins are meant for short term investment. people who fail to understand will end up not making any profit. Sometimes na patience we need for bitcoin investment and the knowledge especially those newly investors wey lack experience, why e dey important to dey patience with bitcoin na cause of the volatility nature of bitcoin so if any investor wants to invest in bitcoin for long term should be ready to wait and stay patience.

Most individuals were first introduced to cryptocurrencies, but their lack of patience is holding them back from accomplishing anything. They mistakenly believe that cryptocurrency is a place where they can make quick money, but investing in any platform requires time and understanding. Since anyone with information about a subject may simply go to a choose platform, knowledge is the most important factor in success; without it, one risked failing miserably at whatever they try to accomplish or start. For this reason, we must develop both motion control and patience before we begin investing.

Furthermore in order to succeed in the bitcoin space, we must educate ourselves. In order to determine which coins and tokens are offered for market, we must first grasp the basic principles of the blockchain, such as how cryptocurrencies actually operate.

But if an investor learns there is a cycle in investing in crypto, I think he will be patient enough to wait for the halving. Somehow the cycle is too long for them to wait especially those who are here for the short term only, they will eventually sell when they see prices go down or if they are already in profit for as 20%.

When crypto is introduced to them as get rich quick, the more they would assume a short term will be the route.

It's very common this days for people to easily give up after trying a concept and it didn't work, or likewise want to see results before believing that a concept actually works, forgetting the fact that nothing good comes easily, or whatever asset whose value will skyrocket high does so in a short while. Hence, patience remains a must have for whoever wishes to reap good of a crypto investment, since Bitcoin is an asset whose value grow with demand and supply.
Because patience is that quality that helps you to endure even when everything seems rough due to the fluctuating  up/down nature of the price of crypto

Whatever your sister have decided to do with her pi is her choice and she can’t be said to be wrong or have taken a wrong step in her decision. She already enjoyed the fruits of her labour by selling those coins. When she was mining them, it would have only taken her time and data to be doing that, I am sure the money she got off it now would have paid for all the hardwork she put through the process of mining.

By she selling the coins now doesn’t mean she has taken a wrong decision, what if the pi doesn’t worth anything even in 2025 that you’re anticipating for it to be launched. To me, she only tried to minimize the risk ahead and already took profit now before it gets late. People thinks differently and react to things differently, she might not be able to withstand the heartbreak if this project fails and nothing was made out of it. But for those that can take on the challenges ahead, they will want to buy and keep it while hoping for a better future.

That's good for her. But the gospel truth is that somtimes you might be holding into something that is worthless at the end. Though it is good to invest and be patient but. some times patient without knowledge and proper research can be a waste of time and efforts. just like doing analysis and proper research before investment. Because of this mindset has kept many people stagnancy

The pi you are talking about has been around for a long time now. An many people are looking up to it. For me is better I keep holding for more time than selling off the coin the way she did. I think the inpatient you are talk  about riffers to her. because she sold her pi coin at a cheaper rate without considering how long she has been waiting for it success. who knows what would happen lf she continue holding. Because before people develop interest on buying the coin maybe they might have gotten an information that it will be good, and now they are buying it. If the project becomes a success, she will have her self to be blamed just like Laszlo Hanyecz who sold his 10k Bitcoin for 2 pizzers.

So to me patient has 2 ways negative patient and positive patient.
1. Positive patient:is when you have hope on something and decide to see to it end and it became a success
2. Negative patient: is when you hold onto something that is worthless or having patient for so long and given up nearly when you want to reap the fruith of your labour.

Compliments of the season to everyone. Why It's good to be patient while investing in anything like cryptocurrency. About four years ago, my brother introduced the family to Pi, a new cryptocurrency that you can mine on your phone for free. He told us all we needed to know about it. Some of us were skeptical, while others ensured they mined every day, and some just ignored it. Over the years, some gave up along the way and never bothered to invite others or even continue mining.

Just three days ago, someone my sis knows contacted her that she wants to buy Pi at the rate of 300. My sister, who had been mining but gave up, and never believed in it again decided to sell hers. I tried convincing her that it's not a good idea to sell now because by 2025 when it will be launched, it will be worth more than what the person is offering. My sis  wasn't convinced and sold hers for about 98k. She was so happy because she didn't believe the Pi she had been mining for years would yield something. Now everyone in the family is interested in mining now, because them don see small money my sister made from it😃

The point of this story is that many people have been introduced to various investment platforms but didn't have the patience to continue because they wanted to see profits as fast as possible. I'm happy because my sis, despite selling all her Pi, now realizes it's real and this will motivate her to keep mining. The person who bought her Pi is investing in her future because she understands its potential value when fully launched.
This is why it's good to buy as much Bitcoin during its bear run or bear market and not succumb to fear and sell them off. Cryptocurrency investments require patience.