The patience to hold is a gift

[sheenshane]

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.

The bolded part above was the right answer and this isn't in the beginner's mindset, because they want a quick profit.  Something like an easy way to get rich quick schemes that they always think Bitcoin is the same as that.  So if individual investors know the previous history of the market they'll surely understand the market sentiment and how it'll move and play in the market.

There's a right prize when an investor has enough patience to wait the right time to sell, and always has a goal in cutting profit even though how long it is.
But the problem is, there's a huge number of newbies that easily to get panic by a simple FUD than the old investors who understand the market.

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[Zanab247]

That is why Bitcoin investment is different from centralized investment, because you need to apply patience to your holding whenever there is a bear season in the market so that you will not hate Bitcoin investment when the bear continue. Anyone that want to achieve a good profits from Bitcoin investment need to remove fear in the time of bear and apple boldness to hold long until the bull season appear in the market. This period we are, is to buy Bitcoin and hold for the bull time to come before you can sell to earn from your investment.

[virasisog]

Holding and having patience while the market is crashing is a big challenge for most long-term investors but to those who have been into this kind of market situation before, this isn't new anymore and is just easy to deal with for them. Patience is always the key though it's hard to apply sometimes. If we're into a long-term investment, we have no choice but to wait and trust the process. If we'll panic during the waiting process, we'll surely lose track so we better focus on our target goal. Good things come to those who wait just like what happened to successful Bitcoin investors so as much as possible, we should learn how to wait for the right time weather to sell or to buy.

[michellee]

It's not easy to tell others about patience in holding crypto assets, especially people who need to learn more about crypto. They will often complain about why the price has decreased when we can take profits, and so on. But if we can teach them to always look for other information and say that crypto will have its time to improve and that's when we can see how much profit we can get.

I always advise people who want to invest in bitcoin to use the money they don't use. The easiest way is to set aside some money to buy bitcoins in a certain time, for example, a year and we do it every month. But if they can learn more, especially about how to increase their bitcoin amount using trading, surely they can see a lot more profit. But they have to be able to analyze better to get that advantage.

[Falconer]

Well basically I agree that a good introduction when recommending someone invest in bitcoin is to ask them to be a holder rather than a trader. Bitcoin is potentially much more expensive in the future than it is now, so it's best to ignore short-term price volatility and start focusing on longer-term targets.

If they sell at a lower price, I think they misunderstood the market. The purpose of investing is to make a profit, actually profits are not always in the short term because they may be obtained in the long term. So they have to remain patient after deciding to invest in bitcoin. In 2024 we can expect something bigger than 2021, but that is only an unproven possibility.

[peschwecks]

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.

Few people can have this patience. Even large investment institutions go bankrupt in a bear market. This has already happened. It can be said responsibly that 90% of the people in the crypto world are speculators, and they all aim to make money. There is no subsequent bull market without panic selling. Bitcoin does not rise in a straight line, the road is always tortuous.

[lienfaye]

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 not really easy to hold if that's not your spare money and you're only relying with your investment. It's tempting to sell especially if you already need it. So how can you hold for long period if you started investing using the money that you can't live without? This is one of the reason why some of us failed to hold for long term despite of the fact that it's a good strategy to gain since it's already proven to be profitable especially for holding an established coins. It really takes guts and patience but not everyone can do it even they want to try.

[xSkylarx]

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 not really easy to hold if that's not your spare money and you're only relying with your investment. It's tempting to sell especially if you already need it. So how can you hold for long period if you started investing using the money that you can't live without? This is one of the reason why some of us failed to hold for long term despite of the fact that it's a good strategy to gain since it's already proven to be profitable especially for holding an established coins. It really takes guts and patience but not everyone can do it even they want to try.

When you hold a bitcoin, the first enemy you face is yourself; you will be tempted to sell it for a small profit because you are afraid it will fall in value. Also, when the price is low and you are losing money, you are tempted to sell it to cut losses. When we hold bitcoin, we should have a target profit or a target date for when we will sell it so that we have a concrete plan that this is the right time to take profit, as well as a limit as to where this would be the trigger point to sell it to cut the loss. 

[doomloop]

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.

But, trading is much harder than investing right? This is why if we are to give advice to a newbie, we always say that they should start with hodling. This is where they familiarize with the market and by the time they know how this market works, that's the time they can try trading. Bitcoin isn't just any other coin but as you said it has a long history already.

We can just based on it and use it as an inspiration to hodl harder because we know that there will be benefits that are waiting for us in the end. In times where the market is declining heavily, I don't think someone can pull out a trade. Panicking doesn't help either but the only best thing to do here is to just calm down, hodl and buy.

[RockBell]

With regard to investing in bitcoin, when the price is not favorable most investors want to sell due to some factors like most investors take loans to invest forgetting that bitcoin is a long-term investment that you must have the patience to actually get profit. This is true holding, dealing with human perception when things are not going well we get discouraged. The best piece of advice is to never take out a loan to buy bitcoin. Each business has unique risks. We should create our own private means of accumulation that won't interfere with our everyday lives in order to accumulate wealth because it is preferable to be patient than to sell below the price at which it was obtained.

[Mauser]

Selling investments at a loss is the worst situation we could be in and should only happen as the last solution if there are no alternatives. Before selling at a loss I would always consider holding the coin until prices recover. Only when a project turned bad and there is no chance for the price to recover we should get rid of our position. Holding is the best strategy for me, it requires almost no management and requires the least amount of time compared to other strategies. I agree with you that it can be hard in some situations to stick to holding and not follow the herd in panic sells. Checking the prices of my coins is making me too nervous and increases the pressure to trade more often. When I first started with crypto trading I was checking my portfolio 6-7 times per day,  it got really hard to not constantly check prices. Now I only check the bitcoin price once per day and my portfolio 2-3 per week. Taking a step back from the fast moving prices helped me a lot to remain more calm and not feel the pressure to trade more often.

[samcoin]

I believe people who are telling others to hold Bitcoin are the people who have been in the market for long term. It's about the sentiment and how you deal when you witness more than one market cycle and you watch the price going up a lot and then down a lot more than one time, so this situation produced a lot of Bitcoin believers. Indeed, Bitcoin still have a long path even if we considered it as a bubble or a zero value asset like what Bitcoin haters say, even if it's a bubble it still needs to attract bigger capital. In my opinion, investing in Bitcoin will continue giving high ROI in comparision with other markets, but it will be lower than previous cycles ROI.

[joeperry]

I agree that patience is really important when it comes to trading, especially in crypto market. And, I think that along with patience, discipline is fundamental. It is indeed beneficial if a trader is patient in achieving target goal, and in every step towards it. Also, being disciplined in keeping emotion and judgments in check, and in continuous learning. But I believe that even with these traits, success will be difficult to attain if a trader is not cultured to the market. Needless to say, no matter where market that a trader wishes to trade, he must first study how the market works.

[Mpamaegbu]

My few years of trading experience has taught me that the expression, "No hurry in life" isn't just a mere saying. There's much wisdom in that simple expression. It's in this industry that one finds out the virtue in patience and waiting. Those who bought at the last ATH of $68k+ will definitely be counting their loses that is a repercussion for not waiting for price correction while it was surging last year. It is even worse for those who couldn't exercise patience to wait for recovery and have sold off before now (surely, it must return to $64k and even surpass it). The whole idea is to hodl till the next circle, otherwise one loses out on maximum profit. Those who will pay more in regrets and primum tears are those who aren't utilizing this price discount now to buy cheap.

[maydna]

Patience is needed in many ways, not only in investing or trading crypto. But as we already know, only a few people can have maximum patience because some can't be patient, especially when they see the market fall that has occurred at this time. Maybe we find it difficult to go through this, but we must keep trying because things will soon change for the better. And if we haven't used the moment to our advantage, we could be late in taking advantage of the rising market.

[jossiel]

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've got a bad experience about encouraging people to invest in bitcoin and that's why I'm almost silent on it whenever I've got peers talking about finances and investments unless they ask my opinion.

Patience of each person I've talked to, I can't measure but most of them got lesser patience tolerance and that's why when the market have been slumping during their first time of buying bitcoin.

It didn't do well on their part because they see their money going down through the lowered price of bitcoin.

[swogerino]

Patience is a virtue as that saying says,and that is in every aspect of life.What I learned from several years in Bitcoin world and in the mining world is that the importance of holding cannot be stressed out enough,I was mining in 2018 when everybody else shut down their rigs yet I believed in a great recovery and a new all time high of Bitcoin which I got lucky and sold a lot in 2021 at over 60.000 dollars for Bitcoin.Now I mine again ETHW the new coin but I have already the experience to hold and I will be ready to hit it big again when this coin will raise in value if it ever does,if it doesn't I will still win a decent amount by mining it during this time.

[Ryker1]

I agree that patience is really important when it comes to trading, especially in crypto market. And, I think that along with patience, discipline is fundamental. It is indeed beneficial if a trader is patient in achieving target goal, and in every step towards it. Also, being disciplined in keeping emotion and judgments in check, and in continuous learning. But I believe that even with these traits, success will be difficult to attain if a trader is not cultured to the market. Needless to say, no matter where market that a trader wishes to trade, he must first study how the market works.

Well perhaps it is in investing but not in trading, trading is more on technical analysis or perhaps a fundamental --but when you are relying alone upon patience, you will perhaps be left on the train which the market trend. Trading is not simple as we think that when you have patience there is a higher chance of making a profit. It needs skills and knowledge.
However, investing and holding it in a long term would work perfectly fine.

[tvplus006]

...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....

Everything will depend on what goal you are pursuing by investing $100. If you expect to receive $10000 from such an investment, then you will not get such a profit. But if your expectations are more realistic, then it will be likely to get $500-700 profit, which is naturally higher than any bank interest.

[pawanjain]

The key to earn money is through trading and investing. Both might look similar but are yet very different.
For some, trading is more convenient since they don't have to deal with huge price swings and earn quick profits in the short term.
They get the rewards quickly when compared to investing which is a long term process.
We need to hold it no matter in which direction the trend goes in the short term.
This is where many people find their ideal choice of earning money and for me it is investing.
I have tried trading but eventually lost money but when I hold it for a long term it certainly gives huge profits.