Bitcoin Forum

Bitcoin as a digital asset has taught me that patience is the key.
 initial the first time I came into the crypto industry I never knew how important patience was not until I experience last year in the crypto space where the start of Russia and Ukraine war crash the price of Bitcoin to 15k dollars,
other shit coin follow suit, but was even worse, fast-forward from then till now how Bitcoin has bounce back to it current price and is still climbing up,
those people that sold their holdings at a loss will be licking their wounds by now and thinking how they wish they hold on to it a little bit longer.

It's near impossible to be successful in crypto without patience, investing is another thing, knowing how to hold is another thing also.
Almost all the crypto millionaire in the crypto space are good holders, think about that!!

Monitoring the price of your holding everyday will earn you nothing, but since we are all humans, it will makes us want to react to some price changes which is not good for the goal of getting filthy rich in the crypto space.

That is just how bitcoin is and those who don’t understand it concept will lose a lot of money when Bitcoin prices dumps. We have noticed such trends in the past and bitcoin price still bounced back so i see no reason why we should panic sell during such downturn.

Patience is virtue so we should learn to control our emotions when bitcoin is going down because it will always pay off and also understand that the price will not always go up so we should always expect a downturn.

Bitcoin shows us that time is more valuable than money. This was witnessed in the Russia-Ukraine war, which rattled investors. Who sold for $15k? Yes, they're regretting it. However, Bitcoin's resurgence is a sign of its durability, not chance. All humans react emotionally to market changes. It's a marathon, not a sprint. Those crypto millionaires? In addition to investing, they mastered holding. Checking prices daily may feel useful, but it's a problem. Real deal? The long game is about stability when everything else is uncertain.

This is true for almost every investment probably. An investment isn’t and shouldn’t be a get rich quick scheme. It takes time to make money. If you quickly make money, you will most certainly lose it quickly as well. You can see this behavior on the charts too. An asset goes higher and higher in a very short time period, also goes lower and lower in an equally short time. Unless you are an expert of buying low and selling high, you won’t make any money in these markets. It looks easy from outside but I shit you not, it isn’t easy. Real wealth comes in the long run. It takes years, sometimes decades.

The may have a impact but that's really not the reason why the market collapse, the thing that many don't know is either good or bad news, after every bull market there will always be a bear market, Volatility will always do it's thing, you could have say some about FTX, because I believe that's why we see low price at first, but like I always believe, all these things are meant to always happen.

The patience part is a good one, a necessity for every investor who want to be successful on the long run, but it's a shame that life isn't always fair for everyone,  many won't be able to have patience because of the condition they are in right now.

Bitcoin investment on the long term base is only sweat if you have a good source of income, for someone who come from a bad economic country, even if they manage to spare a certain amount, their mind will always be on the investment, simply because they can't afford to lose the money they are risking.

It's really no good to start investing without having money or good source of income to watch everyday goes by with easy on the mind, the more money you make the better of an investor you will be.

That's why people who have been in the crypto space longer have always say that every individual investor should have the time to practice their patience. Bitcoin investment is not a type of investment that can make you an instant millionaire in a day. It is possible, I know it is. However, it's not as easy as most people think. Investing in Bitcoin requires more patience, if you can endure being patient until the right time and when the bull run comes, what you endure will bring you a profit that you never expected.

I understand the fear of losing your money especially if it is something you saved up imagine if you are a working middle class and you invested in crypto feeling hopeful and then suddenly the price crashes, your instinct will be to get your money out so you don’t lose everything but crypto is volatile and sometimes patience will truly reward you it might be hard and anxiety inducing to watch your well-earned money go to waste but remember especially in bitcoin that everything  will come back

It is not only bitcoin investment that needs patience, but all investment. If we want to be successful in whatever investment that we have invested into, patience is needed. This is why I don't see any reason why people will think that business is a get quick rich scheme. Bitcoin investment is one of the best investment that if you can have plans of investing in a long term, you will definitely make profit as long as you are not carried away by your emotion with the price fluctuations. DCA is the easiest method to invest in bitcoin over a long period of time because you will be using little amount like 10% or 5% to buy regularly.

Pretty accurate. You make a good point.
Insight into the crypto space supported by self-control and patience influences success in crypto investment more than technical ability.

Bitcoin is poised for a big comeback. And its parts are indeed aligned for a cycle.
The bull run is around the corner. Next year will be an exciting year.

Patience in cryptocurrencies at the present time means waiting for four years, or buying at the bottom of the cycle and selling near the top, as it is easy to determine the bottom and almost impossible to determine the peak, which is a short period compared to investments. For example, investing in real estate requires an average of 20 years, and investing in stocks is not possible for everyone. Access to it also requires some knowledge and relationships to know the optimal investment other than Bitcoin, which everyone can invest in.

No investment makes anyone rich quick be it Bitcoin or any other investment.  But it is true that Bitcoin is able to provide faster profits than other investments but it does not mean that it will make someone rich quick.  So investment must have a lot of patience.  Otherwise, no one can succeed in investing. So before deciding to invest it must be sure that you have enough patience to hold for long term

There is no get-rich-quick scheme, on the contrary if you think that way then it is the loss that you will experience quickly if you have that mindset, after all this does not only apply to bitcoin other investments also require patience and a long time to get better, so don't ever think you are investing in bitcoin that will get rich quickly.

Bitcoin has an annual market cycle that we know halving every 4 years, during this time you will experience market ups and downs that test your mentality more. When in a bearish market what should you do buy more or just watch it, when the market starts bullish how to take the right profit, do you speed take profits because the price goes up a little directly sell even though in bitcoin the potential for a big increase is always there.

Never think of shitcoin as a long-term it will get worse and it is difficult to guess the price even more skeptical of shitcoin, the only one think of bitcoin as a long-term investment with your patience.

You're absolutely right, patience is key when it comes to crypto success. Almost all those crypto millionaires out there got there by holding on to their investments for the long haul, riding the waves of market growth.

Think about it: if you're constantly jumping in and out of the market based on every little price fluctuation, you're basically playing a losing game. It's like trying to catch a falling knife – you're bound to get hurt.

But by being patient and disciplined, you'll be able to see through the short-term noise and focus on the bigger picture. This will allow you to spot those good investment opportunities that might otherwise slip past you. After all, the crypto market is full of potential projects, but not all of them are created equal.

By taking the time to do your research and carefully evaluate each project before committing your hard-earned money, you'll be much more likely to end up on the winning side. So, if you want to be a successful crypto investor, remember: patience is your friend.

For anyone person involved in the crypto space, we see how the prices of crypto fluctuates and lead a series of events such as may cause the price or value of the said coin increasing as well people getting to dump such a coin for another with more stable price order and ability to maintain value in the future with HODLing investment for as long as needed.

It's a normal thing to thus see people who don't have patience get into the crypto space excited to make big quick profit but get disappointed having to  face some loss from trading due to prices. BTC has remained more accountable as a coin and currency of the future hence why people like us, invest Long term just to HoDL even if the gain may not be as such promised from alt or shit coins.

Those who lack self-control, and trust in the assets that they bought are the ones who sold their holdings. I believe those are the ones who didn't see how Bitcoin moved over the years.

They are just newbies who are just starting to invest in Bitcoin. For sure, those who saw how Bitcoin moved over the years will not sell their holdings at a loss unless they urgently need that capital, but if they don't then they are the ones who are into profit right now.

Anyway, those who made mistakes by selling at a loss will learn their lesson, and will not do it again. That's for sure.

I'm monitoring all of the prices of the coins that I'm holding, and yes I will not earn doing that literally, but I'm not reacting to any price changes whatsoever. I mean I'm not making any decision just because one of my coins went up huge.

Currently, Cardano is up 50% already since last week, but still, I'm not selling it because it reached as high as $3 on the last bull run, so I might sell it near that price or even above if possible.

Patience is always a key in anything, Bitcoin is one of the example.

Bitcoin is good for long term purpose, you don't have to think too much in order to make profit through Bitcoin. Yeah some people can become a trader and make money everyday by trading, but not everyone can become a trader. So just pick the safest way.

If you are investing in bitcoin and you don't have patience, then you might end up being disappointed because you won't be making money from it, you might even be losing. I knew someone who bought bitcoin. Immediately after buying bitcoin, bitcoin started to dump, and after a few weeks, bitcoin didn't bounce back, so he decided to sell. A few days after selling, bitcoin bounced back to the price at which he bought it, and even more. I advised him to keep on holding then and not to sell, but he didn't listen. Actually,  he was a newbie, which I didn't blame him for, but he learned his lesson because he sold his bitcoin at a loss. If you don't have the patience to hold on for the long term, then you shouldn't invest in bitcoin, because you will be disappointed.

Everything is not all about investing, you should learn how to hold. If you can't hold, then you might not be making much profit from bitcoin or even be selling at a loss. Most people that I notice who are finding it difficult to hold are those who depend on only bitcoin or invest everything in bitcoin without having anything left. If you are investing in bitcoin, then it's better to have other sources of income so that you won't depend on your bitcoin holdings. If you don't have other sources of income, then you will have to rely on bitcoin for survival, and if you invest everything you have in bitcoin, then you will have to sell some of your bitcoin in case there is an emergency and you need some funds.

Patience is key to every success. If you’ve been following the crypto market for several years, you should have learn how to control your emotions and how to react to market changes for the long term investment. This is the major sign that determines whether a person is a good holder or not, they tend to sell quickly when bitcoin is dumping and want to buy when it is rising not knowing that the reverse process is the case. Buy bitcoin when it is dipping and wait to buy when it is on uptrend. You can always employ DCA to guide you better.

Bitcoin investment is not like some kind of fixed investment with a certain expected ROI in a known period of time. When you invest in Bitcoin, you may know what your expected profit will be when Bitcoin spikes to a targeted price, but what you can't be sure of is what year, day, or month you will be making the expected profit. Bitcoin halving takes place every four years, but investors don't actually know the particular day that the bull market will start or the actual price that the bull market will end with. In conclusion, just like you have said, bitcoin investment has to do with patience.

In the world of Bitcoin, patience and a well-researched strategy are key.
It's important to manage risks wisely and maintain emotional discipline, especially in response to global events impacting market dynamics. There isn't a one size fits all solution on to how to go about it,  

Not only bitcoin, we need to be patient in life to over come things. You need time to think to overcome some huddle of life, if you are not patient enough, you will lose many things in life.

Patience is not just important in the crypto space but it is a virtue that is important in every sphere of life. You need patience to wait for many years before starting to gain from any investment. We have heard and read this fact again and again that Bitcoin is a long-term investment that needs a lot of patience. If you can't wait for a long time, it is better to switch to altcoins.

Many investors that made a fortune from Bitcoin have held the coin for five years and above. Most of them have been holding their coins for many bull runs. People are targeting to sell their hodlings during the next year's bull run, but there is also a new to have a post-bull run plan.


As a new investor, it is normal to keep looking at your wallet almost every day to monitor the price or market movement. But as you keep learning, you will know that it is just a waste of time for a long-term investor. It might be important to crypto traders but investors have plans and projections that might take years to materialize, hence there is no need to monitor price consistently.

Lack of patience is what can make someone loose his asset completely, some already have this kind of experience in their past before they later realized what they have left undone that resulted to them loosing their bitcoin, lack of patience and much eagerness of making money from online is part of what constitute people's decision concerning this, when we are lacking in the aspect where we should be knowledgeable about, we cannot escape doing mistake.

Loads of people will tell you how revolutionary Bitcoin and its technology is but they'll always leave out the need for one to have patience as a virtue.

The OGs in the space knows this and they are pretty calm when discussing the technology. You'd always see people talking to you from a standpoint of stern belief in the space even when Bitcoin price is not showing it, they actually have learnt how to be patient with the tech but only a few knows this.

To properly understand the space, you have to exercise patience to the highest degree

Yeah beyond any doubt, the bull run is so closed, and there is also a countdown started for halving that will bring up some joy and excitement. 
There will be no more waiting in regards to our investment because we hold up our assets with patience and now we will be getting our conclusion from our patience. I mean at last we got the results of our investment, which we had taken in the bear market, and now we will benefit from it in a few moments. 
So therefor exploit people always prefer patience over hurry and emotion because patience has often shown better judgments than haste.

True!
I have often seen people finding that they invest in altcoin or shit just looking at the profit, despite they don't know how deep the risks are in shitcoin.
I always say to only invest in things in which you dont yhave a risk of losing I mean to get it again. While Bitcoin is the only reasonable option, you don't have any risk with the aspect of long-term holding. Shit coin is good if you have experience with how to get profit from it. Littrely the fact is that Bitcoin is the true and only long-term investment, it is the only true asset that guarantees a profit with the positive intentions.

Patience is the key indeed. And another is that you have to positive always, block out the noises coming from people who do not believe in Bitcoin, and just focus on your business. Everyone and their own choice. I have a lot of friends who were already talking bad about bitcoin due to the fall in price, but now they are all telling me that they are looking for money to invest in Bitcoin as soon as possible before it's too late for them, they are all regretting not getting on as soon as possible. So the joke is on them now 😂

Patience is required in everything we do in life not only in crypto investment. Yes, I can agree that when it comes to investment in crypto your patience tends to be very short probably because of the market fluctuation, nobody wants to see their investment dipping in price, unfortunately.
The difference between BTC and other alts is that no matter how low the price dips it always comes back up even higher so your patience will be justified.

Patience is not only what is needed to hold bitcoins, discipline is also needed because apart from the temptation to sell from FUD, there are other needs and wants that will come up and may also push you to sell.

It is all an act to just be aware of what is happening. It is part of of taking care and having mindfulness about your investment. Every holder has to be conscious of the likelihood to act with emotions, so they can always judge their choices before they become actions to see if they are the right decisions or decisions formed with emotions.

There are two patients you have to do in the ecosystem. And the number one is the forum. For you to grow in the forum you have to be patient because you will not grow over night there are some time you abe to wait for months to enter member, full member, Sr. Member and years to enter Hero member to legendary Member. And if you are not patient enough then you quit the forum for those who are patient to achieve their goals.

Then the second one is the Bitcoin itself. If you are investing in Bitcoin, you have to be patient for years to reap the investment. And if you rush it then you will miss out the good profit.

being patient will definitely give you very good results, many good things have come because of patience, whether in bitcoin investment or in everyday life, you must have gone through your school years several years ago, well when you are patient in going through it then you will succeed pass your education period smoothly, without obstacles, meanwhile the price of bitcoin is very fluctuating, that is its natural nature, if you are not patient in investing in bitcoin then you will definitely panic and panic sell when there is FUD that appears or the price of bitcoin corrects, well be patient It really has a big influence on a person's success in life, don't forget to always be patient.

Bitcoin is wild and you have to learn to wait has individuals that are interested in Bitcoin and every step has to be followed from learning to having money to invest, does are very important steps learn and money because if you want to be part of the fellowship of bitcoin traders you can not aviod that, and been positive is vary important you have noticed that people think to much if you want to invest go ahead and invest. And if you want to listen to people you won't archive anything the best thing is to make a choice and be ready to learn and with the way the price of bitcoin is going now halving is near wonders will happen and that is what everyone is waiting for patiently.

Patience is the most important thing when it comes to Bitcoin investing. Those who have been patient and held on to Bitcoin have had a lot of success today. When Bitcoin was in the 15 thousand dollar range many people held on to this Bitcoin strong and today they are growing very successfully because they know that Bitcoin will definitely go up. But those who didn't have the patience and thought Bitcoin might go further down and sold it are in for a lot of disappointment today. Bitcoin price will increase further from the current position. So if you want to hold Bitcoin, you must be patient and never lose patience with investing.

Patience is the key to be success in cryptocurrency or bitcoin investment, many people loss their opportunity to earn much profit after lack ness waiting for longer time sell their bitcoin fund. Just imagine after selling bitcoin assets If I hadn't sold Bitcoin at that time, I might have become a billionaire  ;D. Before investing in bitcoin, every trader or holder have patience soul in their self and how manage well emotion controlling when some time bad news coming, not panic for selling bitcoin assets in lower price and keep patience waiting bitcoin get recovery back to higher in the future.

Less patience better not to be part of bitcoin investment because not easy to be success without have patience soul, what ever investment we need patience to be success.

Yes, it cannot be denied that patience is one of the keys to Bitcoin investment. However, usually in reality, patience exists because we already understand something about the investment. In this case, when investing in Bitcoin and we already understand the Bitcoin cycle, market volatility and bearish and bullish eras and what the potential potential of Bitcoin is in the future, then our patience can be quite good. Even during market corrections or sudden market drops, we can still be more patient and wise because we believe that Bitcoin will definitely rise again and match our hopes in the bullish period. This will be different when we don't have knowledge or understanding about it.

Why must everything be about making money? This is one of the biggest problems with the Bitcoin ecosystem in my opinion as people should be much more focused on the inner workings of Bitcoin, how to improve its blockchain transaction speeds etc. I feel if people cared more about those types of aspects, Bitcoin would grow more efficiently. 

That is the only way forward towards Bitcoin holder and patience is the master key, follow by right information towards the industry and if you can not have patience in holding of Bitcoin when the price is down hardly to make profits towards it.

There will be many things behind, patience in this market is considered important, the longer the exposure journey, the more things we will witness happening.
I came into contact with this market in 2012, and I don't have much experience to understand the feelings of people approaching bitcoin from its early stages, but up to now, the lesson I have learned is to say thank  for bitcoin (crypto), honestly, if you don't know and understand it, trust will not be built and patience will not be maintained. Understanding that it will grow over time, having the opportunity to increase wealth with bitcoin is neither difficult nor easy. Sometimes life's problems pull us away from maintaining that patience. , but ultimately it is the process of maturity.

Patience is a very important Factor in holding Bitcoin this is something you can't take out from the equation of investing when talking about bitcoin investment. a lot of beginners failed in hodling bitcoin because of the lack of patience, the market is very volatile which no one can predict it,  since bitcoin is unpredictable investors must try their best to have the ability of having patience without this profit can't be made from investment.

Patience is needed in all things, not just investing in crypto. Being patient means that we must be able to refrain from anything that could cause us to lose patience. In investing in crypto, we should not panic when Bitcoin prices decline sharply, especially when Bitcoin prices touch $15k. And those who were still able to be patient at times by continuing to hold Bitcoin have seen their profits increase greatly at this time.

They can still hold themselves patiently until the Bitcoin price touches its final ATH. And if they still want to make big profits by selling Bitcoin at the next ATH price, they have to be patient until the time comes. It's not easy to have patience in waiting because most people think it's a waste of time even though it's actually not.

To avoid panic due to Bitcoin price changes, we do not need to monitor market prices too often. We can monitor it every few days or even a week, especially if our price target is still very far away so we can remain patient and do other things. It can distract us from the panic of seeing Bitcoin price changes every day.

Patience is key for investors as we all know, without patience you will never be a successful investor and neither will you be a bitcoiner. The price of bitcoin goes down and it goes back to high levels but we still don't see bitcoin as a risky currency because it is a dependent currency. People who are into cryptocurrencies rely on Bitcoin the most and hold on to Bitcoin investments patiently. Patience is the key to all success, when you are a patient person you will be able to move forward in business and anything else. And when you are not patient but emotional then you will never reach high and will never succeed in any field. Just like investing in bitcoins you need to be patient enough if you are a patient person you will become a good trader in future. And you can expect high profit by holding Bitcoin and hold it with long term patience only you can earn profit.

That applies to every type of investment, not only bitcoin. Warren Buffett, probably the best investor in history, built his wealth thanks to his huge patience, he never rushed into buying or selling stocks, he mainly holds stuff. The problem is that today many people like to sell some get rich scheme and other people actually fall for that, so there is this idea that you can become rich almost overnight and as soon as things require to wait, well, people don't want to wait.

Patience is the key to success. It is not only an eternal message but it is applicable everywhere in our life. Patience should be the only key when investing in Bitcoin. Bitcoin is an investment where greed or impatience will surely lead to big losses instead of profits. Investing in Bitcoins should never be done without research and investing should not be done with impatience. I advise an investor to exercise patience and then invest.

Bitcoin investing requires patience. We see over and again how market panic drives impulsive actions that end badly. Bitcoin's volatility makes patience a survival strategy. What does "patience" mean here? Its informed waiting, not just waiting. This requires constant learning, market awareness, and acceptance of cryptocurrency's unpredictability. Isnt it interesting that experienced investors teach patience? Their success stories are marked by measured, well-researched judgments over time. When we say "patience", we mean a holistic approach to Bitcoin investment that values knowledge, understands dangers, and opposes rapid gratification. Isnt that smarter for digital finance?

Most successful people have mature patience, especially those who already have experience in their lives in the world of business and investment, so it is very important for them to have god-level patience. Not everyone has that kind of character, if they are not trained from an early age.

So everyone understands Bitcoin, not just holding it, but the elements of how it is used and what is called a Bitcoin asset, namely Bitcoin and other digital currencies, is a long-term investment for people who have above average patience, if you If you don't have such characteristics then switch to other things such as trading or doing business, avoid long-term investments.

When will people ever learn, bitcoin has proven time and time again that if you just believe in it and have the patience to wait for the price to go up again, it's never going to betray you, I just hope that more and more are learning this because there's nothing more sad than selling at an early than expected and then the next time, the price has then gone up and now you're regretting what you have done and you have to start all over again and wait and then you end up doing it again, I feel like the Russian-Ukraine war is sort of an excuse in my opinion because it looks like one of those events that could potential be a catastrophe that will have an effect on a global scale so I can understand why some people sold at that price point, they want to enjoy bitcoin profits in the case that the conflict escalates into a nuclear conflict.

I agree with this, you got it.
A lot of people misunderstand investment in Bitcoin also, what they only see is the success or the positive. They don't see the downsides or negative times.
This must be lesson to every new people entering in the Bitcoin market and we can also blame some internet personality or some social media which is hyping these people like telling some things just to make them FOMO.

I don't think op's assessment regaring the price drop of Bitcoin and Russia's war against Ukraine is accurate. The full-scale invasion was launched on February 24, 2022. The price was around $37k, and it was actually growing till the end of March. Then it started gradually going down, and Bitcoin cost less than $16k on November 10, 2022, but at that point, the world got used to the war and it wasn't heavily affecting the global economy or financial certainty.
But as for patience with Bitcoin, it is indeed necessary, so if a person is impatient, Bitcoin probably isn't a good fit.

Patience is really needed in any case, because without patience of course we cannot do anything well and it is also important for every person who will invest using Bitcoin to be able to understand Bitcoin well and also train their patience so as not to do it with greed. so that they regret what they did because they could not make a profit from the investment they made.

What needs to be understood is that investing is a very simple job and not difficult to do for anyone who has the capital, knowledge and time to carry it out. Because every person who has these three aspects can easily carry them out and can also be quite relaxed without having to panic and act uneasy when they see bad things that are not necessarily true. Investing only requires a little strategy so you don't need to worry too much about panic when you're already running it, so this is a job that can be done more comfortably and relaxed.

Investing is so hard for people who are not patient enough and are not disciplined enough. They will buy and sell emotionally that will cause buying at top, selling at bottom and they will say Investing is hard.

By doing bad action in the market, it is right with them to say Investing is hard but if they can learn and change themselves, make better and wiser actions in the market, they can become successful investors.

Sticking with Dollar Cost Averaging will help investing more easier and without stress.
Dollar-Cost Averaging (DCA) Explained With Examples and Considerations (https://www.investopedia.com/terms/d/dollarcostaveraging.asp)
https://costavg.com/

Patience truly is the key, especially in such a dynamic and volatile environment like the cryptocurrency market.
The crypto space has seen its fair share of ups and downs, and the ability to maintain your investments during difficult times is critical to long-term success.
So the most important thing is nerves of steel and endurance in a long-term cycle.

If a person is impatient, then not only bitcoin isn't a good fit, actually. Every investment requires patience and steadiness from a person. That is not a kind of activity where you know a result, hence you cannot calm down and just wait for something you count on. You have have to make quick decisions almost always and you have to be not only patient, but also prudent and deliberated.

op I agree with you actually when Ukraine and Russia war was going on bitcoin market was very bad bitcoin market went below 15 thousand. Slowly the Bitcoin market has improved a lot with the current Bitcoin market cap exceeding 44 thousand. I think 2024 is the year we will see a better market for Bitcoin. Patience is very important while trading in crypto currency.

All happiness come with patience and its good that now you know that with patience you can earn through bitcoin. People who are invested in bitcoin but they sell in dip due to worries about lossing more money will regret when they see that surge again take place in market. We should keep check on price but regularly checking even we are waiting for halving will not be a wise step or wise search because more you search more will be stress for you therefore be patience and wait till the April of proceeding year.

People who buy bitcoin in 2021 and don't take any stress due to fake news are the real investors and they will see a big pump in 2024. Some individuals are always in wait that when the price goes slightly higher and they sell their bitcoin but I think we should not sell bitcoin for less profit but hold until it gives us double worth of invested amount.

Buying and selling is an investment approach, other than just buying and holding for a long time; either has its own risk. With the get rich scheme, you would be able to maximize the profit especially if you will know when is the perfect time to execute the action. On the other hand, just holding will still be profitable but never expect a really huge profit especially if capital isn't as big as the ideal. It will just save you from big stress. Indeed, this decision making is existing to all kind of investment. Both has the same output but not the amount. Bigger risk will always mean bigger profit, as its sole principle.

Bigger risk also means bigger losses in an unfortunate case, however, I believe it is still worth taking, especially when a person doesn't have much to loose and has only few chances to change his situation for the better. Actually, we take risks all the time, sometimes without even knowing about it. It is just more specific and literal when it comes to trading or investing.

Patience is very important in every work. No work will yield proper results until one is patient. Just as investing in Bitcoin involves risking money, one has to be patient enough to try to hold onto that investment. As soon as we invest in bitcoins if we become unattainable to sell that investment then we will never achieve the purpose for which we invested but we will end up losing more money by investing. It is difficult for an investor to show patience at the beginning of his investment because at that time he only wants to make a profit by any means and if the money shows a loss for a period of time then he becomes restless and tries to sell his investment with some loss. Those who can accept temporary loss and who have enough patience can surely keep their investment for a long time in spite of hundred adversities.

It also depends on the responsibilities someone has. I just read again about taking out a loan to buy BTC. Honestly, if it is the year 2014, someone has little to no responsibilities, no family to feed and is at a young age and not exaggerating with the loan amount, I think it could be a risk that is worth taking. I have been reading some wild posts here in regards to financing BTC investments, like selling the wife's jewelry and stuff. But if someone decided to take out a moderate loan after crunching some numbers, knowing that if it goes wrong life would still go on quite comfortable, then why not go for it? I know people who have invested so much time into understanding BTC back at the time and if they came up with a well-considered approach to build their portfolio, loan money can be a component if someone understands the implications.

They can count their losses if they sold and market begins to rally up. What if they sold prior to bear season, they will be happier they did. It's a two way thing. It's either this or that when it comes to Bitcoin; and by extension, life. Nothing is really cast in stone. We shouldn't make it look like it's automatic profit once we invest in Bitcoin. Being in profit in it will depend on when one buys. Anyone buying Bitcoin now is more likely getting into profit than into loss.

Most times, what watching screen does is getting into our emotions and messing the whole thing up as we panic and sell off prematurely when we have correction, thinking it's a change in trend.

Being carried away by feelings will not work if you don't apply them. Patience is needed in all life activities because all activities contain risks based on their level. Investment activities that are risky due to fluctuating market prices.

Millionaires don't hold strange cryptocurrencies but what millionaires hold are coins that are worth something like Bitcoin. Crypto is confusing to many investors because Bitcoin is not the same as crypto.

I have thought that people who hold cryptos other than Bitcoin, they will be preoccupied with monitoring prices.
Then I also think, if the investment goal is to expect big profits in the future rather than short-term profits, it is natural that long-term Bitcoin holders will become millionaires.

I am definitely not against loans, when it comes to business or investment projects. If someone has a prosperous plan and know how to make more money out of given, than a loan could be very effective instrument. Moreover, big estates are made with the usage of someone else`s money. It is normal situation and most of the people who are willing to achieve something take that risk.

The better our patience, the least it can help us control ourselves well while holding Bitcoin. Investing in Bitcoin will always carry high risks, especially with the ups and downs of the price of Bitcoin itself, which really tests our patience. Many people fail to invest in Bitcoin because they lack patience. even thought that Bitcoin was over when the price was actually dropping in the bearish era yesterday. Of course this will have a big impact on our patience. Patience can help us be really strong in our commitment to holding, regardless of market conditions.

When it comes to cryptocurrency, patience is required, which is something that every investor should understand before beginning an investment. Many people are now regretting selling their bitcoin at an early stage, feeling that they should have hold it until now, given the price of bitcoin has doubled from when they sold it for 15k dollars so we should always keep in mind that we can lose money when we make an investment, however, most people who are new to it seem to misunderstand bitcoin, believing that it is just like other investments that you will make and lose money if the price dump, we can't be making profit without losing anything.

We should realize that investors that become wealthy in cryptocurrencies do not make very easy, therefore we must be patient if we want to invest in bitcoin successfully. We cannot be watching the price of the assets we own, as this cannot ensure that we will profit.

Patient in all sorts of life is virtue, I have always learn about the quality and impotence of exercising patient but it has always been unbearable to me. I would always find an alternative to hover on a shortcut or quick response literarily that I am most concerned about now and not later. It is just a thing I feels it is either a cheat or an inability to quick response.
But yeah. Here I come, I haven't had the experience in Bitcoin investments or trading yet but I am looking up to in a close time but meanwhile I am accumulating knowledges yet.
Along the lines in this forum where I have my Bitcoin classes, with no doubt of the high members who is effortlessly contributing to educating and sharing knowledges with experiences, all of them has emphasised that patient is the key to gaining the goal of a Bitcoin investors.
I have also learnt about the historical prices of Bitcoin which was in a minimal value of $0.09  since 2009 and has gradually appreciated even with its nature volatility with the prons and cons, the UPs and rhi DOWNs fluctuations and up to 2023 it has a value of $40sK and yet not at its bustop (maximum point).
Oh yeah patient is the key because most investors who sold their Bitcoin earlier either by impatient or with the believe that Bitcoin has reached its elastic point those who met Bitcoin appreciating but couldn't keep still to believe it would rise again at when the values goes biased. They all must be at great regrets.
With the whole of this, I am could be able to exercise my patient even off Bitcoin related stuffs  because I have learnt that patient is a tempting periods of time but if overcomed, there comes a great rewards with it.
It could be verbally, emotionally, financially, energymatically or otherwise.

It's not only been patient is the ultimate in cryptocurrency investment, the more important things is to ensure that you have scrutinised the time you have to invest in bitcoin and times not to invest, when you invest during the time price of bitcoin is extremely low you will not be bothered or be conscious of your investment..in normal circumstances what makes people to lose in their investment is out of curiosity and patient is one of the elementary elements that contributes immensely for profit advantages of bitcoin investment.

The loan is also needed one at the time of business,because for the business one should keep inverse till he had reach the good position in their real business.Some of the successful story of poor business man will be started with the loan money,loan is not the bad thing.But we should build ourself to repay the loan,so you won’t be credited personally to some one.


To start your first investment in the trading of cryptocurrencies,you can make use of the Bitcoin as compared to other coin.Bitcoin was the stable currency in the crypto market,So the investment in bitcoin will back to you with some profit with the certain period of time.Bitcoin price was based on the demand of the particular time,the bitcoin help us to buy at low prices and withdrew the money with some good returns by crypto investment.

If you want to take loan and invest in bitcoin for long term that is not bad at all if you know what you are doing and you know the halving cycles. Ideally you will be willing to take loan for bitcoin investment, in a bear bitcoin market, when the prices are lower and this investment can pay you off big time.

However, if you invested in a bull market, you will be having a hard time if the prices went down and also when that is investment is based upon the loan, it even hurts you much seeing the portfolio down.

The cool thing is that the patience isn’t just about when you need to invest in Bitcoin; your life as a whole needs patience, so well done to Bitcoin for making you practice patience a lot more. Patience in important in all we do because most times the result we want grow from the actions we take, but we need to be patience for that growth to happen. It may not be the moment you want it, but if you hold on, Bitcoin, life challenges, anything, you will reap the due fruits you deserve for having being patient.

It could be true, it could be not like that. Many people find success in the crypto world, but they didn't just rely on their patience to achieve it. There are other things like the power of their influence, their financial strategies, the investment techniques they use, and so on. The key is not just patience... if patience were the key, those who have been in crypto for a long time should be richer than CZ or Elon Musk (when he started his first tweets about Bitcoin and crypto).

There are many other factors to achieve success with bitcoin, and patience is not the only key.. it's a part of the key. I agree more with your statement that monitoring prices won't increase wealth... we have to buy it.

Patience can lead anyone through the process of achieving success and greed will make someone experience big problems in investing. Bitcoin provides a solution for anyone and bitcoin can also bring financial freedom if invested correctly. But you also have to think that Bitcoin will not provide quick wealth because there is a balance of capital and profits from the investment process and vice versa for long-term holders.

It is natural for someone to frequently monitor prices, but they must have a strategy for investing in Bitcoin and not change their strategy too quickly when price changes in the market are being corrected. Long-term holders will be much more profitable because we can avoid price corrections in the market and most importantly remain calm.

Bitcoin is here, the market is here and available for everyone to participate in and find their chances to get rich, enrich their wealth but the market is always a zero-sum game.

Money will flow from losers to winners in the market and who are greed but don't have patience to wait for profit, will buy at top, sell at bottom and have loss. Their money will flow into wallets of winners in the market who are keen on patiently holding and investment. They don't need to trade, just buy and hold, wait for good prices to take profit.

The market is always spinning, up and down, with its own cycle from price to psychology.

he Psychology of market cycles (https://fifthperson.com/psychology-market-cycles/).

It is necessary to have a thorough understanding before investing in Bitcoin. When investing in Bitcoin, investors must be patient and stick to the investment plan that has been set. The very fluctuating price of Bitcoin means that investors have to be patient during an uncertain time period when they want to resell Bitcoin at a high price. Patience is really needed to achieve the profit target in Bitcoin investment, investors must put their trust in the periodic increase in the value of Bitcoin because Bitcoin has a value like gold with its basic properties or even exceeds the value of gold itself.

No one knows for sure and knows exactly when the market will increase and when the market will decrease. In the past, after halving we would have a bull market but what is the guarantee that things will repeat?

Borrowing money to invest is not advisable but it is not as bad as many people think as long as you have a good plan for it. For example, if you can even afford to repay that loan if things don't work out as you expected, there's no reason why we shouldn't borrow to invest. I mean, we can borrow money to invest but don't rely too much on it, find other ways to repay debt even if that investment doesn't bring as much profit as we expected. But if we don't have a job, don't have a stable income and don't know how to repay that loan if our investment loses money, we absolutely should not borrow money.

in the crypto world, of course it is very full of challenges and there are many people who are not strong enough to face these challenges, and of course when the price of bitcoin goes down of course people who don't have extensive knowledge will panic and sell their bitcoins and result in losses, so in this case of course we have to Also learn from people who have experienced losses so that we don't follow them, and of course we also have to learn from people who have been strong enough to hold BTC until now, which of course will now bear sweet fruit because the price of BTC has risen to more than $40k.

Indeed, when investing in BTC you have to be patient because if you are not patient you will not make a profit, and usually people are impatient because they make the mistake of investing in BTC because they use capital that is not ready to be lost, so when the price of BTC falls they will panic and result in losses.

I think monitoring prices every day is not a problem as long as we are strong enough to hold on, but if we are not strong enough to hold on, of course it could be a good solution, namely not looking at prices every day. Yes, the point is that to achieve success, of course you have to be full of struggle and one of them is that we have to be strong and patient.

It also takes a lot of patience to see how many threads are opened in the forum of this style, which only focus on whether the price is going up or down, and where the OP once the thread is opened does not come back to comment on the answers that have been given. That way some of us run out of patience and put people on our ignore list.

That is why we kept saying HODL because bitcoin is the best contender for that kind of investing , needed to trust the coin
not only for instant profit but also for long term so that said? patience is the key proven that bitcoin had proven how
many times that the increase happens each year and yes for 4 year cycle it will make more profits then.

Yes crypto will not give you profit until you have not a practice of patience. The first thing I learned was to invest only extra money and the second that we should not have to sell in panics and keep patience In the bear season. What a good time to buy when the btc price drops to 15k ,maybe we will not see this price again. surprisingly I hear from some people that time when btc was below 20k that they are waiting for btc to drop below 10k and now they regrets why they not took entry that time. People who sold in panics are real loser and btc current price proves that only strong holder will win this race.




Yes, a better holding strategy is worth a lot . we have to use our investment wisely. we should have a strong buying strategy (buy in every dip) and then completely forget for some time until we believe that now is best time to book profit and we will again get a chance to buy at a lower price.

Patience is the key to all successful investments, and it includes thoughtful risk management. Because of the volatility of the market, digital currencies such as bitcoin demand patience in addition to a measured risk. It will be simpler for you to make decisions free from greed and fear once you are aware of this.

Seeing or examining the market price every second stimulates fear and greed, which could negatively influence your decision. One of the best ways to make a safe long-term investment in the cryptocurrency market is to use dollar-cost averaging (DCA).

People who sold their bitcoin quick when bitcoin price hits the bottom don't know bitcoin if they knew bitcoin they would not have rushed to sell because hodling Bitcoin when the price is low is an opportunity. It always good for beginners that are new to always make research about bitcoin and to know how the market was before now so that it can also help in the present and the future.

Bitcoin market as not change, what is happening in the market is nothing new , their is time for bull market and their is time for bear market.  When the price of bitcoin falls low it is an advantage for people to buy and hodl , no need to panic about the market and sell at lose . Hodling is the only way to make profit.

And it's not easy to be patient. It's hard. Seeing Bitcoin prices falling and the value of your coins dropping rapidly triggers a lot of emotions. You'll be torn between selling at a loss or leaving it. You have to know it's not easy. You need a lot of trust in Bitcoin and to know that if the price is falling, it's just a matter of time before it climbs back up.

That's why technical analysis is important. When you have a clue of how Bitcoin works you'll use history to understand that Bitcoin always bounces back.

We have to be responsible in everything we do and there is a reason why experts always warn that we should not invest "the amount that we can't afford to lose" in any asset. I don't see a loan as part of the money we can afford to lose, so in practice, I  do not see it as a good choice when it comes to investments. Although I buy your idea and someone like me will opt for the loan, only that we know the risk we are taking and we are in for it with a strong mindset. This might not be the best but the more your risks, the more you gain. At times, if you wait too long for you to gather money to invest correctly, it might be too late at that time. So, I do not see a choice in this for some aggressive investors, only that they should be wise with the loan taking as well. If you take a loan that will be difficult for you to pay, that's certainly not good enough, you have to take a reasonable loan that could be paid as soon as possible. But the issue is that, as you are paying the loan, what if the investment fails? That will be the worst part, you will be servicing a loan and you will have lost the investment. This can only be compared to building a property and bulldozed it. This can be very painful and has happened to me more than twice.

Totally agree with you, there's no way someone's going to be able to last long or even make money in bitcoin and crypto market if they're not that patient, the biggest market losers are those that are paranoid and short tempered so they end up not making any profit but they're really good at making losses. That's why everytime I see bitcoin go down in price, I'm relieved to think that I will still be able to buy more in case I get some money.

This season's bear market has brought many lessons for beginners coming into this season. I personally also learned a lot about this. One of them is about patience in holding and patience in accumulating. Holding bitcoin during a high rise is not as easy as beginners imagine at first. But if we are used to it then holding bitcoin is not difficult. Because our resilience in being patient has been honed. And sometimes the most difficult thing is in the process of how we accumulate bitcoins for long-term investment. Sometimes beginners are always in a hurry and sometimes they also feel a lot of doubt about entering, like waiting for the price to fall further. In fact, what you have to do in accumulation is just try to accumulate regularly and slowly. Using the DCA method or Average Down method. But most of those who have gone through the bear market today have learned many things, such as no longer being FOMO and not be greedy people.

like any other investment patience is needed, like if you are investing in your child's education there also patience is needed you cannot force him to study hard and get a better job in short time.
I sometimes think that how lucky they are who invested very early in bitcoin, but always came to a conclusion that this is not possible for everyone to hold bitcoin for this much long time by seeing big pumps and dumps.
everything investment needs patience, it becomes easy to hold for long time by investing what we can afford to lose.

It's easier said than done, we all know patience and perseverance will help us succeed but it's hard to do that. When our portfolio grows, we get excited, so it's no wonder that when our portfolio shrinks significantly, we get worried, even panicked. Indeed, I have been in the market long enough to see everything that happens in the market, but every time the market fluctuates, I can't help but worry. Controlling emotions is not as simple as many people say.

In addition to needing knowledge and technical analysis... I think it is also necessary to have a good strategy to control your emotions every time the market adjusts. For example, I would limit price checking every time bitcoin drops.

Yeah patients is one of the things you need to be successful in this crypto space, but the thing is that most people don't no that especially when you are new in this crypto space that why I will keep on saying that, that mindset most people have  about Btc and other cryptocurrencies as a quick get rich scheme. Is inappropriate because of that mindset and FOMO most people lack patients all they want is for the event to happen real fast neglecting that is gradual process that will happen but will only takes time, few months back bitcoin was around the of 26k$ but now is around 41k$ just imagine the people that was patient to hold Btc to this stage. They definitely in good profit now.

And this is what is decisive and should not only be considered some smart wording. If someone takes a loan because he studied BTC for a long time and perhaps also contributes as a developer or in some other function and believes in the industry, I think taking out a loan to increase BTC holdings or get a stake in the network that someone supports can be the right thing to do.

However, I think taking out a loan today is riskier than it was in maybe 2012 or so. It does depend on the perspective someone has, but taking out a $1000 loan in 2012 to buy BTC while being able to afford to lose it had an amazing risk reward ratio because the potential reward was - if compared to today - exponentially higher in relation to the risk.

But I am still convinced that anyone who decides to invest in BTC today and has enough time/patience will go deep into the green zone in the future.

It's true that when a person has bought Bitcoin or any cryptocurrency at a high price they tend to panic more easily when the price goes down a little bit, but that is also a matter of patience because along with proper knowledge and understanding, it's patience that they don't have which is why they start panicking as soon as they see their portfolio losing value. This is the reason why an investor needs to make sure that they have enough patience to bear the ups and downs of the market.

A lot of new investors that enter the market lack the basic knowledge about the market and the cryptocurrencies and they have joined only because they have heard somewhere that they can earn money by investing in cryptocurrencies they did it without doing any research and now when they see that their investment is losing value, they start panicking right away.

The solution for this aside from having patience is divert your attention to something else, its not healthy or good or your mind and decision to always monitor or looking at your holding, you see that is the common problem of many bitcoin or crypto currency investors, they tend to always look at their assets and monitoring it, well its not bad to monitor your asset what's not good is 24/7 or spending a lot of time just to looking at your assets, it will not help in fact it will influence you mind and decision to you to act either way, if you see the price goes down there will be an anxiety that you will feel and forced you to exit your holding which is not goof, you see bitcoin investment needs a long term wait to see its profit and downside of price is part of the process that's why technical analysis and charting skills is very important for you to plat your target price or your entry and exit trade.

Hold up, let’s not mix things up here. The reason why people panic and fear/FUD when they invest and it seems like the price is going down is when they invest an amount more than what they can swallow the loss for. If $10 isn’t worth anything to you and you use it to gamble (just an example, not talking about Bitcoin), you wouldn’t feel anxious or scared because you’ll be like “What the heck is $10?”. But if it’s an amount that is so large or just too hard to bear the loss, you’d definitely feel all those fearful emotions. Patience when you invest would even be more if you invest a safe amount.

It will be proportional to the amount they will invest and I don't think entering the investment space in bitcoin can provide quick riches, especially for those who only invest small amounts.

There's nothing wrong with that, it's just that most people buy low and sell high, not the other way around. It is a form of panic that tries to determine losses and the nature of them not understanding Bitcoin's journey in the market so they decide to sell in the wrong conditions. Trading really depends on individual ability and if you are able to carry it out there is nothing wrong because basically trading or investing both expect profits.

Someone who understands bitcoin will find it much easier to control emotions and price fluctuations will not put them in the panic stage. If they really understand the process of bitcoin's journey and its four-year cycle as a force that continues to push bitcoin to find the next ATH.

Holding bitcoins in the long term is one of the best ways, as long as you know when to sell them and how long to hold them. Any aspect of business or investment requires patience to move forward, achieve the earnings you expect, or more.

If you have extensive knowledge of Bitcoin and know its concept, you can be sure that the capital you will use here will not be in trouble. We also know that often those who do not know about this are the ones who always put the capital investment in jeopardy.

Even though patience is important, investing in Bitcoin also requires risk management. When an investor just holds and holds without thinking about the risks, he will tend to invest without direction, which can make his investment unprofitable. In this case, Bitcoin investors also need to think about their investment goals, risk tolerance, and how long it will take before they finally take profit on the assets they hold. When investing in Bitcoin, it will be more profitable to hold it for the long term, for example the next 5-10 years, and it is even better if you invest using the DCA method.

Perhaps, it only gives us stress, especially upon checking the price dump and sometimes this is the reason why we could think negatively and even sell our coins. If we are investing, whether it is short-term or long-term, we can never expect a profit right away like buying today and making a profit by tomorrow. The idea of checking every day is not a good practice for real investors as they will just check when they hear good news and just hold when they hear negative news. I think checking once a month is good enough, in fact, we can also check the market chart so we are still aware of whether we are in a profit already or not.

It will just trigger a negative emotion to us especially if we see the price dumping that's why its really good to forget checking the bitcoin price from time to time or in daily basis and just put some target timeline on when you should sell it so that our long term hodl plan will come in reality. To many will get easily affected on what they see that's why they need to think about they are saving those balances for future so that they will never think about touching it. Although sometimes We can't really erase out these thinking that we want to know the status of the market then I think simply reading the news coming from respectable sources is I think enough so that we will get an idea if the market is in bullish or bearish condition.

You have a point but even though you are able to divert your attention into some other thing it will be difficult to totally forget about your investment and whenever you come across a news regarding bitcoin you will instantly realize that you have an investment somewhere and will be forced to check on it. It in our nature to always monitor our investments and it’s the best thing to sometimes but all that really matters is having the right mindset to be able withstand any form of temptation that will make us want to sell off when things are going wrong.

Most people who sell when price is moving downward lack self discipline, they need to understand the concept of cryptocurrency and that it pays off when you are patient enough even when things are going wrong, somedays are hard and sometimes things get better. It is very wrong to sell at loss when prices are low because eventually the price will still rise again so having a price target to realize profit is a good strategy.

Investments generally focus on holding assets for a longer period of time until a better return is achieved. Investing is a long process if you can research the market well and be patient you can expect good returns on investment. Taking speculative decisions in long term investments can be risky for an investor. Price volatility is thought to be bitcoin's greatest asset. Many times investors get worried by such rapid price changes but if you do proper analysis and wait patiently the best course of action will be.