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Author Topic: Patience isn't everything  (Read 1280 times)
Kang TB
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February 24, 2021, 05:27:01 PM
 #21

When I was still a newbie to crypto many people told me to keep holding and that's all I did for many years and in the end I ended up with many dead coins, whenever I keep seeing people talking about patience as if it's the only thing a newbie need I always shake my head, the fact is you need more than patience to get good results from projects, having patience sometimes will get you nothing

if you want to make a good profit in crypto investment, not only patience but we need a good knowledge too
thats mean not only patience but we need to learn about how to choose a good altcoins to invest before buying then hodling


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Review Master
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February 24, 2021, 05:29:46 PM
 #22

the fact is you need more than patience to get good results from projects, having patience sometimes will get you nothing

DYOR is the main thing before taking a decision of hodling as every cryto projects won't give anyone good results. Like what OP said, sometimes anyone might get nothing instead of having more patience and this is for shit projects which don't have any type of fundamental use-case or realtime products. For an example, i was hodling a token which was active back in 2018-19 and now that's more than a shit one. Also, i'm still hodling another token from 2020 which has real products and now it's on almost 10x from the previous bottom which is great for me. TBH, DYOR is everything after all.

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February 24, 2021, 07:29:46 PM
 #23

Patience is everything but you have to take the perfect decision at perfect time and choose the right coin. I don't think anyone has been disappointed by investing in Bitcoin. You have to know most of the altcoin shitcoin has no power for growing they are totally relay on Bitcoin's price. Most of the new trader initially start their trading with altcoin and initially the earn more money but at the end they are getting victim of shitcoin dump.

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February 24, 2021, 08:51:30 PM
 #24

From my little  experience,  it's  always important  to do a little research on the coins that we hodl for the long term. Such is life, in everything  situation, there are always exceptions. Sometimes  we don't  get lucky with the coins that we buy and hodl on the long term. Generally,  patience  is good when you buy into a good coin. Never give up or sell your crypto  assets so easy.

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February 24, 2021, 08:56:10 PM
 #25

don't be too patient if the coins we hold don't know what their purpose is or do not have good prospects for the future it would be a waste of time, I still have a lot of hold coin that I got from  bounty There are so many that have no price and when it has a price the prices have dropped considerably and are very cheap need accurate research if you want to hold a coin that we have

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February 24, 2021, 09:35:25 PM
 #26

When I was still a newbie to crypto many people told me to keep holding and that's all I did for many years and in the end I ended up with many dead coins, whenever I keep seeing people talking about patience as if it's the only thing a newbie need I always shake my head, the fact is you need more than patience to get good results from projects, having patience sometimes will get you nothing

indeed, patience is not everything, but patience is an important part if we want to success in crypto investment my friend
because if we want to buy an altcoins in a good buy zone, we need patience right ?

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February 24, 2021, 09:36:19 PM
 #27

When I was still a newbie to crypto many people told me to keep holding and that's all I did for many years and in the end I ended up with many dead coins, whenever I keep seeing people talking about patience as if it's the only thing a newbie need I always shake my head, the fact is you need more than patience to get good results from projects, having patience sometimes will get you nothing

Definitely, I agree, even though patience plays a big part, enough knowledge and the right timing on cashing out should be included if ever one needs to take profit from his trades.  And btw, also it is best to avoid greed as the reason for being patience.
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February 24, 2021, 10:26:16 PM
 #28

When I was still a newbie to crypto many people told me to keep holding and that's all I did for many years and in the end I ended up with many dead coins, whenever I keep seeing people talking about patience as if it's the only thing a newbie need I always shake my head, the fact is you need more than patience to get good results from projects, having patience sometimes will get you nothing

indeed, because we need knowledge and dicipline too if we want to be a successful investors
so, not only patience, but we need patience too, thats the fact

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February 24, 2021, 10:46:19 PM
 #29

Sorry to hear that, first of all you need to have any decision based on your will so you wont regret it so much.
Secondly, the patience that you need is if the project you follow have any development but the price didnt follow it, so you need to be patience for it.
Last, reset your strategy and pick another crypto, maybe you're not too late to take another crypto profit.

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February 24, 2021, 10:50:23 PM
 #30

You will always be the losers when you are holding a scam coin for the long term. It's clearly said that it doesn't matter how short or long you are holding your investment as long as that was from the top coin and that would be very profitable. That's the problem. When you can find the gem that worth to be used as long term holders and you will be fine.
The problem is what kind of coin that you have been holding for long term.

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February 24, 2021, 10:50:57 PM
 #31

It is true that investing in cryptocurrency is not enough with patience. Because it takes good knowledge and analytical skills too, because if you only
rely on patience, you will end up holding the wrong coins. If we have good knowledge and can also analyze the market well. Of course we will invest
in coins that do have good potential, not investing in shitcoins that could end up being deadcoins.

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February 24, 2021, 10:51:18 PM
 #32

Sorry to hear that, first of all you need to have any decision based on your will so you wont regret it so much.
Secondly, the patience that you need is if the project you follow have any development but the price didnt follow it, so you need to be patience for it.
Last, reset your strategy and pick another crypto, maybe you're not too late to take another crypto profit.

Not all coins are really worth holding long term. But maybe, if the OP held btc , maybe he is happy today. I learned my lesson also with tokens and other coins, if your instinct is saying that it will not last long, sell it while you can. Because once they go down and the devs abandoned it, there's no way that it will go up again. Same with so many tokens. Most of them have short lifespan because the devs have no intentions of attaining their objectives. A lot of them are pump and dump projects. dd
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February 24, 2021, 10:52:28 PM
 #33

I understand what you feel, you are expecting something upon holding for many years but in the end, you've got nothing, really disappointing. That is a waste of time and that I usually not encourage people to hold for many years if you are not having those on the most potential coin like BTC and ETH.

Because if you are investing in new projects, you can't expect to have productive results even you hold for 10 years especially when it has no active market support to build market demand. You better know first the potentiality of the coin that you are holding otherwise, you end up nothing.
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February 24, 2021, 10:52:38 PM
 #34

First of all, you need to know the potential coin itself. If you just collecting many coins that doesn't have a potential it will be worthless, your patience and your effort will not be paid and it will make you angry.

You have to know some strategy and an understanding how to find a potential coin. So as you will not hold the worthless coin and even you will join a spam bounty campaign, yeah I'll bet you have a lot of dead coin from bounty project, right?

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February 24, 2021, 11:46:07 PM
 #35

Surely, patience is just one of the important things to have by a crypto holder. But it doesn't mean a crypto holder only needs the patience to succeed in crypto investment. There many other things to have if a crypto holder wants to be successful in his crypto investment. Be smart and careful are two things that also have big roles in crypto investment. Be smart and careful to choose the best crypto coins for investment are two things that can be crucial as well. if we choose the wrong coins, then we will have a bad result in the end.

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February 24, 2021, 11:55:31 PM
 #36

Holding a coin for a long time will not always be profitable nor will it always be detrimental. That will happen if it is on which coin we hold.
If holding for long is to be profitable of course one has to be on the right coin being held. If you hold shit coins for a long time, of course
you will lose a large part of your capital. For this reason, the preparation before determining the investment must be mature and precise.

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Tipstar
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February 24, 2021, 11:59:47 PM
 #37

The current situation makes me feel like patience is everything. You could trade and make money but you still need to keep a portion of your investment to sell at a later price. And the price points should start from realistic and never end even in unrealistic situation. I never thought bitcoin could reach to 58K in 2021 and sold all of mine at a lot cheaper.
Matimtim
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February 25, 2021, 07:16:50 AM
 #38

When I was still a newbie to crypto many people told me to keep holding and that's all I did for many years and in the end I ended up with many dead coins, whenever I keep seeing people talking about patience as if it's the only thing a newbie need I always shake my head, the fact is you need more than patience to get good results from projects, having patience sometimes will get you nothing

Yes patience is not always the optimal way to achieve what we want in life. If you want to hold your coins in your wallet make sure you're done of rigorous studying about the possible future of that coins because not all project has good future, some of them has not good end.

In my own opinion holding  is the term suited only for primary digital currency like ETH, BTC.

kenelmark
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February 25, 2021, 08:30:09 AM
 #39

It's simple arithmetic, don't hold new altcoins for long, they can fetch you good amount of money but sooner or later they will become shit coins, if you want to hold for a very long time hold the best coins, BTC, LTC, NEO, ETH, XMR
True, coins and tokens that have the potential as you mentioned are always suitable to be held in the long term, but for new tokens it will obviously not be suitable because the potential for development is not so great which can cause sudden death.
Flowzer
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February 25, 2021, 11:57:41 AM
 #40

Sorry to hear that, first of all you need to have any decision based on your will so you wont regret it so much.
Secondly, the patience that you need is if the project you follow have any development but the price didnt follow it, so you need to be patience for it.
Last, reset your strategy and pick another crypto, maybe you're not too late to take another crypto profit.
Because once they go down and the devs abandoned it, there's no way that it will go up again.

Doge have no devs anymore and yet its rising star at this time, sometimes community over development dude. So, sometimes this crypto movement make many people have some headache  Cheesy
Any hesitate move will didnt makes any good otherwise your good move need more faith on it.

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