Digital asset is for holding

[Alen098]

You're totally right if anyone wants to put their money for investment over cryptocurrency.... And that's the best way for investment since it proves as a blessing for every traders because it gives people a high quality of return after some time all the people need to know os that patience is everything in the crypto world

[Sanitough]

You're totally right if anyone wants to put their money for investment over cryptocurrency.... And that's the best way for investment since it proves as a blessing for every traders because it gives people a high quality of return after some time all the people need to know os that patience is everything in the crypto world

Yes. Without patience, crypto investment will never be profitable.  There may be short term profits but that is only good for those hyped coins but if you are investing into bitcoin and established altcoins, they make huge profits once hold for long term so a holder itself should always be patient and should never panic easily once the coins experience price drops because that is a  normal scenario even for potential coins to go its price up and down.  But you will only sell them when their prices are on top.

[bitzizzix]

You're totally right if anyone wants to put their money for investment over cryptocurrency.... And that's the best way for investment since it proves as a blessing for every traders because it gives people a high quality of return after some time all the people need to know os that patience is everything in the crypto world

Yes. Without patience, crypto investment will never be profitable.  There may be short term profits but that is only good for those hyped coins but if you are investing into bitcoin and established altcoins, they make huge profits once hold for long term so a holder itself should always be patient and should never panic easily once the coins experience price drops because that is a  normal scenario even for potential coins to go its price up and down.  But you will only sell them when their prices are on top.

Strong patience is the main role when we are involved in crypto especially bitcoin, being patient is not easy but it is a must to achieve satisfactory profit and no matter how long you have to wait.
and what is happening right now in the market is a natural thing, so this is where our time and patience are tested to keep holding the coins we have as strong as possible.

[Smitty Werben Man Jensen]

You're totally right if anyone wants to put their money for investment over cryptocurrency.... And that's the best way for investment since it proves as a blessing for every traders because it gives people a high quality of return after some time all the people need to know os that patience is everything in the crypto world

Yes. Without patience, crypto investment will never be profitable.  There may be short term profits but that is only good for those hyped coins but if you are investing into bitcoin and established altcoins, they make huge profits once hold for long term so a holder itself should always be patient and should never panic easily once the coins experience price drops because that is a  normal scenario even for potential coins to go its price up and down.  But you will only sell them when their prices are on top.

Strong patience is the main role when we are involved in crypto especially bitcoin, being patient is not easy but it is a must to achieve satisfactory profit and no matter how long you have to wait.
and what is happening right now in the market is a natural thing, so this is where our time and patience are tested to keep holding the coins we have as strong as possible.

Especially with the current market conditions, I think we must really be patient and wait for the market conditions to return to green,
most importantly don't panic and control our emotions

[sana54210]

Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait

Unfortunately too many people approach it as if digital assets are here for something quicker. We see people holding stocks for decades, literally decades, but crypto has been a bit more known for a decade now, slightly more since it started, and yet people act as if it doesn't go up too much.

On average, it takes about 3 to 5 months for bitcoin to recover from 50% drops, and we just had one, so in 3 to 5 months we "may" go back, it has happened many times before, and for some reason people act as if we would have to wait YEARS before we can be close to 70k again. However, even if we had to, that is 2x, so would it be weird if we had to wait 2 years for 2x return? I mean isn't that still great? Or how about 10x in 10 years? Would that be weird? 350k or so in 2030-32 period? But if it doesn't happen by 2025, people will react like it is too late, that's a bit weird.

[TheGreatPython]

Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait

Unfortunately too many people approach it as if digital assets are here for something quicker. We see people holding stocks for decades, literally decades, but crypto has been a bit more known for a decade now, slightly more since it started, and yet people act as if it doesn't go up too much.

On average, it takes about 3 to 5 months for bitcoin to recover from 50% drops, and we just had one, so in 3 to 5 months we "may" go back, it has happened many times before, and for some reason people act as if we would have to wait YEARS before we can be close to 70k again. However, even if we had to, that is 2x, so would it be weird if we had to wait 2 years for 2x return? I mean isn't that still great? Or how about 10x in 10 years? Would that be weird? 350k or so in 2030-32 period? But if it doesn't happen by 2025, people will react like it is too late, that's a bit weird.

Digital assets are not only limited to holding but you can also do other things on them like shopping, gambling and so on . we cant blame all that invest and then suddenly sold because they are only humans and humans can get distracted easily. Maybe greed got them, or they are scared that dumps will go bad and whats the difference of physical business to online, where in online you can also hold your own assets in your own wallet. Physical business can only be harder as they require more things and it needs more monitoring than simply holding but nothing is hard as long as we are dedicated and have a passion on what we are doing.

[lixer]

Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait

I think this boils down to the individual and how they see this crypto space and its investment opportunities. Some person sees it as a get rich quick scheme and so they can hodl for along time. While some that understand the principles of bitcoin investments and then hodling is the way to have the best benefits out of cryptocurrency investments. And some other people due to lack of patients may seek quick profits and then may achieve their goals or not.

When not all the people are seeking same level of high profits, I guess we cannot say that holding is suitable for everyone. Some people will be satisfied with small returns which is possible within a day and that does not mean that digital assets are bad for daily trading.