The patience to hold is a gift

[dbc23]

To hold especially for an average investor is a strong contention to deal with. Over and again we hear the echo of hold from every where around the crypto industry. Long term will always pay big someday but for the investors who have nothing to spare their investment could be tempting. The urge to withdraw will always come. Sometimes not for pleasure but to solve pressing needs.

If the bull run ever start again do you think it will be massive for small and medium investors. I mean those who start up their Bitcoin holding investment with an amount as low as $100. I have been trapped  having conversations involving Bitcoin investment and the major concerns of this folks has been how much their ROI will be if the invest. How long will it take for the bull run to resume and lots of many complicated questions. If I don't like overhyped discussions so I just tell them it is far better compared to having their money saved in the bank for 1 year doing nothing I do this to avoid been held by my words if things goes wrong.

Recommending someone to invest in Bitcoin is some how risky. If the don't have the patience to wait for the bull season to commence the might sell at a loss and but the blame on the introducer. And many likes attributing their failures to someone then their success to their personal effort. I have learnt from past experience that before I recommend Bitcoin to a newbie I will first ask how long the can hold for and that will determine if I will be willing to proceed with guidance or end it there.

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[AbuBhakar]

Holding is really an easy thing to do if you are only buying Bitcoin using free money that you don’t have other purposes for spending. The reason why many weak hands in crypto is because they keep investing money that allocated on other necessary things like life savings, insurance, and personal necessities. The urge of using the money invested on Bitcoin is the force that keeps making crypto holders failed to hold.

If only you will invest money that has no purpose other than purchasing Bitcoin. You can easily hold your Bitcoin even if its until forever because you don’t have any reason to use it.

[albon]

If the beginner investor does not have the intention of holding his currencies in the long term and learning patience, then investing in crypto will be inappropriate. How we have seen many beginners who lost their money due to their impatience and making reckless decisions in selling what they owned at the bottom. Bitcoin and cryptocurrencies in general started their launch With cheap prices, and now see how much their prices have reached?!, There are those who bought since 2009 and 2010. Can you calculate their wealth now or before several years if these investors were not affected by the FUD or if they had not sold what they had?! Patience is the key to success in the crypto world, so yes, we have to invest part of our capital and wait for the bull market.

[palle11]

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Recommending someone to invest in Bitcoin is some how risky. If the don't have the patience to wait for the bull season to commence the might sell at a loss and but the blame on the introducer. And many likes attributing their failures to someone then their success to their personal effort. I have learnt from past experience that before I recommend Bitcoin to a newbie I will first ask how long the can hold for and that will determine if I will be willing to proceed with guidance or end it there.

I don't go encouraging someone to buy or invest in bitcoin because it is risky. The person that you encourage doesn't know how bitcoin works like bull and bear times and so it becomes something like you have disappointed them when bear comes. Generally people like profit and not losses and that makes hodling difficult for newbie whether they invested with free money or not, they don't understand hodling or waiting. Therefore I don't waste my time on trying to encourage someone. It is better that they come to you when they have seen that you are making progress and with that you only tell them what investment you are doing and they now have the option to invest or not and pressure won't be on you.

[Ultegra134]

Recommending someone to invest in Bitcoin is some how risky. If the don't have the patience to wait for the bull season to commence the might sell at a loss and but the blame on the introducer. And many likes attributing their failures to someone then their success to their personal effort. I have learnt from past experience that before I recommend Bitcoin to a newbie I will first ask how long the can hold for and that will determine if I will be willing to proceed with guidance or end it there.

I don't go encouraging someone to buy or invest in bitcoin because it is risky. The person that you encourage doesn't know how bitcoin works like bull and bear times and so it becomes something like you have disappointed them when bear comes. Generally people like profit and not losses and that makes hodling difficult for newbie whether they invested with free money or not, they don't understand hodling or waiting. Therefore I don't waste my time on trying to encourage someone. It is better that they come to you when they have seen that you are making progress and with that you only tell them what investment you are doing and they now have the option to invest or not and pressure won't be on you.

It's best not to give out financial advice, even regarding something that may sound as easy as purchasing Bitcoin for a long-term investment. You cannot guarantee how someone will handle their money, and you may be the one to blame for their misfortune. Investments (such as holding bitcoin) do not only require patience, as the OP is suggesting. While it is a vital characteristic, you need to be able to afford forgetting these funds, possibly for a couple of years, no matter what. If you barely make ends meet, then it's certainly not advised to use your savings in Bitcoin. If something occurs and you need them, chances are that you might have to sell at a loss.

Edit: 2500th post, woo

[DoublerHunter]

~snip~
Recommending someone to invest in Bitcoin is some how risky. If the don't have the patience to wait for the bull season to commence the might sell at a loss and but the blame on the introducer. And many likes attributing their failures to someone then their success to their personal effort. I have learnt from past experience that before I recommend Bitcoin to a newbie I will first ask how long the can hold for and that will determine if I will be willing to proceed with guidance or end it there.

^ BTC investment is not that risky, the deserved to be called risk is altcoins or shitcoins.
No one probably will fool people who will invest in a higher price and sell when the price is low. So if you understand the BTC movement, you did not worry about your holding but instead just patiently wait on it until your desired profit will come. That is definitely right, patience is a virtue and those who have this will claim a better prize. Avoid panic selling because when you are holding BTC only the amount will reduce but the quantity is not, if you owned 1 BTC it will always the same amount in your wallet, there is nothing loss not unless you will sell it on the exchange.

[Ziskinberg]

To hold especially for an average investor is a strong contention to deal with. Over and again we hear the echo of hold from every where around the crypto industry. Long term will always pay big someday but for the investors who have nothing to spare their investment could be tempting. The urge to withdraw will always come. Sometimes not for pleasure but to solve pressing needs.

Learning to hold is a must especially as we are here in a volatile market. I can see the huge benefits of doing this but unfortunately, not all can do it in a very consistent matter, many had fail because it sometimes contradicts their beliefs and instinct. As we can see, many traders went unsuccessful and this is one reason causes for their failure as not all are willing to hold but have been influenced by their emotions.
Hold is a simple word to say but very difficult to execute. And it is not to wonder why many traders never win and reach their goal.

[Rengga Jati]

Gis will be always the best thing if we are holding the sure investment. In this case, is Bitcoin. If we are talking about altcoins, I am not sure about it because not all altcoins are able to rise up and grow, survive and develop. but Bitcoin can really be trusted and valued, moreover for long-term investment. W can learn from the previous bearish era where for Bitcoin. this crypto can always survive and then pass the previous ATH. But for altcoins, not all are able to do it. that is why we must be sure and smart enough to choose which crypto is going to be long-term holding with patience. Patience is the key, but we must also know the right thing to hold.

[teosanru]

To hold especially for an average investor is a strong contention to deal with. Over and again we hear the echo of hold from every where around the crypto industry. Long term will always pay big someday but for the investors who have nothing to spare their investment could be tempting. The urge to withdraw will always come. Sometimes not for pleasure but to solve pressing needs.

If the bull run ever start again do you think it will be massive for small and medium investors. I mean those who start up their Bitcoin holding investment with an amount as low as $100. I have been trapped  having conversations involving Bitcoin investment and the major concerns of this folks has been how much their ROI will be if the invest. How long will it take for the bull run to resume and lots of many complicated questions. If I don't like overhyped discussions so I just tell them it is far better compared to having their money saved in the bank for 1 year doing nothing I do this to avoid been held by my words if things goes wrong.

Recommending someone to invest in Bitcoin is some how risky. If the don't have the patience to wait for the bull season to commence the might sell at a loss and but the blame on the introducer. And many likes attributing their failures to someone then their success to their personal effort. I have learnt from past experience that before I recommend Bitcoin to a newbie I will first ask how long the can hold for and that will determine if I will be willing to proceed with guidance or end it there.

Really very true. Patience to hold is the most important thing if you are in for safeguarding your money. Otherwise all you'll be doing is selling at the wrong times and buying at the exact top when it's actually time to sell. But the sad part is that this patience only gets developed with time. You cannot expect a new investor to be patient right from start, he'll go through many losses until he becomes this patient.

[South Park]

Holding is really an easy thing to do if you are only buying Bitcoin using free money that you don’t have other purposes for spending. The reason why many weak hands in crypto is because they keep investing money that allocated on other necessary things like life savings, insurance, and personal necessities. The urge of using the money invested on Bitcoin is the force that keeps making crypto holders failed to hold.

If only you will invest money that has no purpose other than purchasing Bitcoin. You can easily hold your Bitcoin even if its until forever because you don’t have any reason to use it.

Those are definitely powerful reasons why weak hands are not capable to hold their coins but I think there are even more reasons for that, probably one of the most simple explanations is that weak hands do not really know what they are getting into, it is easy to look at the charts and think you can endure a crash of 80% but it is a completely different thing to actually experiment such crash, and watch your portfolio losing value in fiat almost every day, so the weak hands cannot take it and they sell their coins.

[GreatArkansas]

To hold especially for an average investor is a strong contention to deal with. Over and again we hear the echo of hold from every where around the crypto industry. Long term will always pay big someday but for the investors who have nothing to spare their investment could be tempting. The urge to withdraw will always come. Sometimes not for pleasure but to solve pressing needs.
(....)

I believe this is something like when you invested early with compounding that invested later on.
We, retail investors, are also big players in the market, it's like if we combined all together, we are big though. That's why they must underestimate retail investors because a lot of people telling that institutional investors are always the key players which I don't think so. There are a lot of retail investors who are hodling and keep buying even small amounts of Bitcoin.

[Solosanz]

If the beginner investor does not have the intention of holding his currencies in the long term and learning patience, then investing in crypto will be inappropriate.

You must not hold crypto or shitcoins for long time since everytime the price will always decrease especially in bear market, most of shitcoins can't survive and will become dead coin. If you hold Bitcoin for long time, of course it's the best decision since Bitcoin already proving to everyone if it's really good for long term investment.

Although this thread is posted on Trading discussion, trading Bitcoin isn't easy like we see on many videos. It's really need a lot experience and skills if you want to make profit.

[gunhell16]

Patience to hold, it is a matter of choice for me. It is not a gift for me, because if we do not choose the long-term or the short-term, we will not see results. In short, if we don't start now when?

Of course, when we decide to hold Bitcoin or any cryptocurrency, the requirements of being patient are immediately included, because we will not be able to wait for a long time without the characteristic of being "Patient" the result of our chosen decision is good.

[Awaklara]

to be honest, it would be hard to tell a novice to hold Bitcoin long-term. history gives us a lesson that Bitcoin in the long run always gives us more than a trade.
some beginners are interested in trading with short profits. not a long-term investment that will make people's patience run out. especially if market conditions are in a severe decline. it tends to make beginners panic with investment values that continue to decline.

[mk4]

A huge majority of the time the reasons why people can't hold consistently is either the lack of conviction(hence knowledge) concerning the asset being held, being overly-exposed to the asset, or both.

[Oshosondy]

to be honest, it would be hard to tell a novice to hold Bitcoin long-term. history gives us a lesson that Bitcoin in the long run always gives us more than a trade.
some beginners are interested in trading with short profits. not a long-term investment that will make people's patience run out. especially if market conditions are in a severe decline. it tends to make beginners panic with investment values that continue to decline.

Not only newbies that prefer trading, it depends from person to person.

Some people are no more newbies but they prefer to just trade, even if they lose, they will only regret it after a massive bull market. Some traders like to diversify, they scalp, day trade, swing trade and also they hold, I mean they trade and hold as well. While some people only just hold.

A newbie with proper guidance can know the benefits of holding and can follow and hold, but some lack the information and can follow the wrong way and lose until they realized it after a massive bull market.

[Baofeng]

I guess it's base on the person itself, on how he will hold his bitcoin or not. Others see it as just a year of hold and or others longer or at least a whole cycle. And when you have invested money that you can afford to lose then obviously you will hold as if nothing will affect you even if t there is a huge drop of price just like what we are right now.

So it could be a gift as the OP defined it, but others might see it different.

Also if I may add, yes we hold but do we follow security precautions and practice safe hygiene?

[CryptoYar]

Recommending someone to invest in Bitcoin is some how risky. If the don't have the patience to wait for the bull season to commence the might sell at a loss and but the blame on the introducer.

The introducer should also explain It is not like you invest in the night and when you wake up in the morning you will get a huge profit. Rather you have to be patience for at least the next 2 years And invest only that money in it, which he will not need for in this period.

Even after this, if he sells it for any reason and books loss, then the introducer cannot be held responsible for this as he already told him.

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I've personally helped some people buy bitcoin and I told them in advance that this is an investment for the long term and you should not pay much attention to whether you are in loss or small profit. The only thing in your mind should be to sell this bitcoin in the next bull market. Which will start after 6 month or year after btc halving.

[Wexnident]

It's either they were looking for a quick profit, or the investment they made in the first place couldn't be afforded to lose so they were rather fearful about investing it in the first place, especially in an asset that would take say a year or two (which is already short imo) to grow.

If the bull run ever start again do you think it will be massive for small and medium investors. I mean those who start up their Bitcoin holding investment with an amount as low as $100.

Wouldn't say so. Bitcoin may have grown to tens of thousands of dollars in price (and may grow in the future), but it's space for profit was unlike what it was in the beginning. It is nonetheless still profit though so I don't think anyone going to complain about that.

Recommending someone to invest in Bitcoin is some how risky. If the don't have the patience to wait for the bull season to commence the might sell at a loss and but the blame on the introducer.

Any investment is always risky, heck even a quick lookup on crypto investments would say that it's probably riskier than other investments due to its volatility, but it's also this that made it possible to profit big in its cycles. Blaming whoever recommended it to you simply means the person doing the blaming was never meant to invest since they couldn't even do basic research in the first place.

[GeorgeJohn]

To hold especially for an average investor is a strong contention to deal with. Over and again we hear the echo of hold from every where around the crypto industry. Long term will always pay big someday but for the investors who have nothing to spare their investment could be tempting. The urge to withdraw will always come. Sometimes not for pleasure but to solve pressing needs.

It's on the detriment of an investor to decide when to make withdraw of it's investment, it's not mandatory that you keep holding your funds when you are encounter with a problem. So that's why in every time we so emphasis that the best way of investment or holding a coin is with your spare funds.

Some investment that will trigger the investors to cash out the investment when theirs pressing issues to the investors, meaning that such investors to have a target before venturing into the investment, so any long term investment have a specific target and duration because cashing out the investors funds.