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Author Topic: Patience isn't everything  (Read 1280 times)
Jackl87
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February 25, 2021, 12:02:58 PM
 #41

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

It always depends on what you are trying to achieve with your crypto investment. If you want to have a chance to make 500$ into 50.000 $ without much effort, then the best thing would be to invest your 500$ into 1 or more solid crypto projects and then just wait. In this case you really need patience to not cash out to early or sell off once the prices are dropping.
If you want to make the absolut maximum out of your initial 500$ investment then you need to be a very active trader, buy the rumor sell the news, listen to trends, be active on twitter and telegram to be informed and so on. That's much more effort but also has the potential of making way more money compared to simple hodling. It also creates more opportunity for wrong decisions though.  Smiley
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February 25, 2021, 12:10:38 PM
 #42

You can't do much just with patience, or just with big capital...you need some set! And most important is to learn when to use a specific skill... there's time to be patient and quiet, there's a time when you need to play it aggressively... being smart is knowing how to act in the best way in the specific market conditions!
In the end, I believe in exceptions! Exceptions are everywhere around, and in dealing with crypto! You can try to find your own way and to be good in whatever you do!

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February 25, 2021, 12:49:19 PM
 #43

patience still a key but of course you just fooled yourself if u don't really know about what u hold it. did you ever try to get in touch on their social media maybe, or even their telegram group about how its going. basically even for exit scam project u must see something strange on their telegram group.
For me definity about patience with also hear about how project going on then u will know how the time will paying you for your patience.

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February 25, 2021, 12:59:26 PM
 #44

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.
But many people have some profit because of that Grin

The last tweet from Elon for Dogecoin has not moved the coin like before, and it seems the price is going down following the bitcoin price. At this moment, patience will be needed and still watching the market moves so we do not be late to decide if the market moves differently. But I am sure behind of patience, there is a big reward waiting for us.

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February 25, 2021, 01:09:24 PM
 #45

HODL,I think this only makes sense for bitcoin and major altcoins.If you had received and hold bnb last year, you could earn good money right now or ethereum.But if you do this with shit coins the result may be disappointing

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February 25, 2021, 01:20:40 PM
 #46

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

Not for altcoins unfortunately (except the strong contenders like Litecoin, Monero, Ethereum, maybe EOS and others). I made the same mistake as you, entering when I thought the dip was happening in 2017/18 but only to see them never recover again.

Altcoins are always a gamble, that's something you've to accept before dipping in. So is Defi, in case you're wondering.

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February 25, 2021, 01:32:16 PM
 #47

patience Isn't everything but sometime need patience. Sometimes patience make something good and sometimes not. 
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February 25, 2021, 01:55:30 PM
 #48

to keep holding for what . those people are wrong when they only told you to keep on hodling but they should also told you if when is the time to sell your hodlings but i think its also your fault because you solely depend on those people that told you to keep on hodling because if you taken an action and educate your self after that , you could have know when you should sell your coins and you didnt end up with looses today but good thing you realized that patience isnt all about but actions is also important .
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February 25, 2021, 03:02:46 PM
 #49

to keep holding for what . those people are wrong when they only told you to keep on hodling but they should also told you if when is the time to sell your hodlings but i think its also your fault because you solely depend on those people that told you to keep on hodling because if you taken an action and educate your self after that , you could have know when you should sell your coins and you didnt end up with looses today but good thing you realized that patience isnt all about but actions is also important .
That's right, what you say is something that everyone who is involved in crypto should do so they don't always depend on other people because what has been said may not be what you want.

even though the most important thing is to continue to learn to be able to determine and analyze yourself and do whatever we will execute. of course with the results of what we have done before so that it becomes the best learning. if we don't have the confidence to do it ourselves then we will continue to depend on other people, obviously not good.

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February 25, 2021, 04:12:52 PM
 #50

If you put all of your money in an overhyped or shit project and thinking that patience will give you benefits in long term then you have the wrong mindset. If I had patience with my BTC holding from 2017 then I already made more than 25X by this time. So patience is everything but you need to choose the right project for that.
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February 25, 2021, 06:32:48 PM
 #51

Actually patience good about way for all top currency. You can feel like BTC and ETH price now because very long time later there going to up. Recently i have been sold ame token price of $0.05 but now price move forward $0.14. otherwise you should analysis more before holding a coin then you can gonna more patience.
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February 25, 2021, 06:52:43 PM
 #52

Sometimes you need to find a line between when you need to sell a token on time at a good price, I agree with the author, patience does not always bring the desired result, so in any suitable situation, you need to sell your asset.
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February 25, 2021, 08:31:43 PM
 #53

It is wrong if you say patient is not key, patient is a key but you need to doit in the right places and the right time, if you buy a coin then you need to do some research before you buy it and Hodl it with patient untill the coin going to the moon.

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February 25, 2021, 08:36:35 PM
 #54

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
I hate seeing my holdings of coins going completely off but such projects are often seen im crypto market because of no real regulation and no control over project and people behind them, it is the end user that has to face the risk so it is always better to cashout partially whenever we can.

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February 25, 2021, 09:20:22 PM
 #55

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

Of course patience is not always good, sometimes it works not for us but against us. Such strategy works only with trustworthy coins and there is always a high risk to lose even in this case. If I was patient in 2018 as for lots of altcoins that wrre on the wallet I would lost everything those year.
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February 26, 2021, 02:02:44 AM
 #56

it all depends on the project and sometimes the patience that we do will lead us to destruction because the coin is dead and can't rise. holding only for coins that already have a large volume (not for new projects)
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February 26, 2021, 03:47:23 AM
 #57

If you're so patient about holding but your coin doesn't have any potential then it's the same as throwing it in garbage can, what people means with bag holding is when you already know very well the technicality of the projects you want to hold and not just holding any coin that exist without taking a look into their roadmap, implementation, etc. I mean, Isn't that a common sense?

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February 26, 2021, 04:45:33 AM
 #58

If you're so patient about holding but your coin doesn't have any potential then it's the same as throwing it in garbage can, what people means with bag holding is when you already know very well the technicality of the projects you want to hold and not just holding any coin that exist without taking a look into their roadmap, implementation, etc. I mean, Isn't that a common sense?

That's agreeable! Why bother to take part with project that you are unsure?

Patience is very applicable for solid projects that have strong foundation. Stable projects who keep improving their services. With this type of project, your investment can have a brighter future ahead. Taking time and keep enhancing your knowledge behind the project that you are supporting, it can save you a lot of time and effort, and eventually, it can bring fortune once the team starts harvesting the fruit of their hard work.
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February 26, 2021, 05:07:22 AM
 #59

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 speak as a bounty hunter, patience is necessary. because not all of the projects that we follow are successful. but if you talk as an investor, patience is not the main thing ... but looking for information about the coins we need to buy and have value in future is the main thing.

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February 26, 2021, 05:24:38 AM
 #60

of course patience is not everything in this. however, patience is also an important key to the benefits that can be obtained in the future. however, patience without knowledge or knowledge, then you may find profound futility. it means like you are waiting for a train that never comes, so before waiting you need to find information about the train whether the train is coming or not. we need to make smart moves on this.

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