Patience and Holding

[jinx029]

I really belive in the saying that "patience is a virtue" But when the time comes that the value of coins decrease drastically most of us specially newbies sell their coins. They are afraid of losing profit without thinking that holding will give them high profits. By the way, Im one of that newbies that do that before, but not im having more patience and holding coins believing I will earn more in the future. But still there is always a risk in doing that.

[noictib]

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

I can understand well that what you are facing , that I also faced the same thing at that time when after sell the price of the bitcoin changed sharply much to very high peak , at that time I sold my bitcoin at 8000$ and after that the price again started to increase very rapidly that was really a painful moment for me .
Well now I also get knowledge perfectly that we should have patience during the fall and up in the price and we should see towards the stability and prediction that at what price it can go .
Also not at that time I lost in bitcoin but I lost in bitcoin gold by selling them without any thoughts that it will increase by 40% easily at next day .

[xsahlanx]

Ok, its to be fine, we should be patient and hold coin if that price isnt good.
But if we should be hold and patient, we could see that what coin is to the moon and execute that to the moon. So we can save some money to buy at dip.

[reliable]

Holding and patience become easy if you have a job and do not depend on cryptocurrency to survive.  In cryptocurrency   it seem the holder are the winners

Cypto currency requires a lot of patience and weak heart people must avoid or just invest considering that if you do not get it much then too you are fine with it. Even for day trader or short term holders need to be calm because their are days when the market bleed continuously and portfolio  could go down by 50 - 70% depending upon the coins you hold it. So always buy good coins and different coins so that you portfolio is always balanced and cover some downside risks too.

[gabmen]

Holding and patience become easy if you have a job and do not depend on cryptocurrency to survive.  In cryptocurrency   it seem the holder are the winners

Cypto currency requires a lot of patience and weak heart people must avoid or just invest considering that if you do not get it much then too you are fine with it. Even for day trader or short term holders need to be calm because their are days when the market bleed continuously and portfolio  could go down by 50 - 70% depending upon the coins you hold it. So always buy good coins and different coins so that you portfolio is always balanced and cover some downside risks too.

Well of course if you only have trading as your means to make money then what happens to the market will affect you in a major way. It can lead to anxiety and over excitement. To counter that one of the best things to do is to select a good coin and then hold. Day trading takes a lot from traders and its not for people who have less patience.

[weredo911]

it depends on many things. you should set up an own target for each coins. when the price goes up, sell them when they reach target.

[desi92]

It is normal and probably all the traders have suffered that story, there is nothing new with that, most traders only want to do a fast profit and that is exactly what happened to you at first.
But it is not too late mate, do you have some bitcoins to invest or not? the price of bitcoin is probably going up a lot before november, you are still on time, and altcoins too.

Yes thats true, want fast profit to make us rich can kill our hope for the future because it will end up with loss of our capital.
Thats more happen to newbie because i felt the same right now. I have no patient.

[GustavoCaro]

Hold¡¡

https://bitcointalk.org/index.php?topic=2774011


The BTC price fell more than 50%, and the recovery will be hard. You have to be patient. BTC hitted the 9K and for me it is the final support. If it falls from 9K it will be momentary and it will recover above 9K quickly. I think a big recovery will be in middle of february.

Do not forget that we are still in bearish trend, I think we will come again to the 10K or 9K before climbing beyond the 15K.

If you have not bought, it is not time to buy, better wait until the price confirms the entry. It's safer.

[rolozcar]

hold, you don't lose until you sell at a loss

[Mayapurnamasariazhari]

Maybe I think the rule of thumb that is widely spoken, but unfortunately we don't always follow. One of them is we have to reinvest a portion of the earnings. It is also a mistake to reinvest 100%. Another thing that should be taken is hard to beat the market. So we daytrading like hell, lost hours of sleep, and when the math is done, we might have won, but not as much as we are doing just by holding it. Because in the marketplace this skyrocketing already BTC so it is sometimes very difficult to cope with the growth of it and beat him. Most of the big us market often have a similar thing agan

[chipzeru]

I also lost my higher profit potential because of my impatient. I remembered when i sold all of my TRON when it was 300 sat on desember 22th and ten days after i sold mine, the price started bullish and hits 1500 sat in the early of January. I still got profit from my TRON investment but i could get higher profit if i'm hodling a little longer. Since then i've learned the power of HODL and patience.

[boddy.dy]

If you are in BTC investment patience is very vital requirement you will need. Life in investment is very confusing that also need a lot of emotional control. Surely if you don’t have patience in holding your BTC you will not be successful here, you will not have a future luck here in BTC. There are a lot of cryptocurency investor that lose a lot of money because of luck of patience in holding, also they are instances that they cannot overcome their fear that result for a big lost. So for the new once please bring a lot of patience in order for you to be successful here.

[einjelkoh]

OMG, same experience though, I learned to be more patient I should have gained millions peso now if I held XVG XRP so patiently! But all things happened for reasons; Now that Im almost a year as a trader and investor, Im now trying to be cool and relax despite of being market so volatile and I happened to know that just history in crytpto currency repeats itself, those who can wait longer like years will be rich.  

[otunayode]

Patient and holding go hand in hand and in cryptocurrency they are actually inseparable. To be honest holding your bitcoin is not easy thing to do, but the every moment you are able to defer selling you become stronger in holding.

[virasisog]

If you are in BTC investment patience is very vital requirement you will need. Life in investment is very confusing that also need a lot of emotional control. Surely if you don’t have patience in holding your BTC you will not be successful here, you will not have a future luck here in BTC. There are a lot of cryptocurency investor that lose a lot of money because of luck of patience in holding, also they are instances that they cannot overcome their fear that result for a big lost. So for the new once please bring a lot of patience in order for you to be successful here.

Before or beyond entering the cryptocurrency you should practice it and holding is a very easy way to make safe profit though luck in trading with some big pump that can make easy profits is attractive you need to overcome that FOMO that is one of the enemy of patience. Bitcoins is a sure long term added some of the top cryptocurrency now in the future it can make a slowly but good amounts.

[ArnoldChippy]

Holding and patience become easy if you have a job and do not depend on cryptocurrency to survive.  In cryptocurrency   it seem the holder are the winners

Although it is something natural, if patient is there in someone nature then he will surely remain calm and patient even in  crucial conditions, but it is also a fact that experience play an important role in trading. One can learn how be remain calm and patient in different conditions. Experienced people always do some reach before taking any action they never let panic overcome them.

[kamote291993]

Patience is a very important thing in maintaining the coin that we have. Sometimes significant price reductions make us experience panic and sell coins that we have with a cheap price. And when we can wait some time again prices will tend to increase. This is called panic sell and we all must have experienced it. This panic sell will make our coin free fall because most traders experience the same thing, they sell more than buy so there is no demand balance and this is the main factor causing the much worse price reduction.

[rejin29x]

Not only in cryptocurrency trading but in the world of trading. If you are not patient enough, you might lose the chance of selling it at good price. This also happen to me when I am trying to sell my new acquired token. Once that I knew that it can be bought and sold at a certain price, I immediately posted to be sold, it was really quick to be sold and I also immediately regret my decision when I am seeing the price now having a good pump. It is so dissapointing.

[sallee2]

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

I think psychology is very important when trading, maybe your knowledge has been very good, but psychology is very important. When unstable psychological price fluctuations will lead to sell-offs to divest, while only a period of time after the price has risen again is all due to the FOMO effect and you need experience to know that. Good luck.

[therulemaster]

Earning some profits from trading is hard, holding them from panic-selling is much more harder. It's not about how much money you have, it's about how long those asset still be with you.