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Author Topic: The patience to hold is a gift  (Read 1600 times)
EarnOnVictor
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December 06, 2022, 05:29:02 PM
 #61

It's obvious you are not an investor, and mind you, patience to hold might be a gift, but it does not guarantee success. What guarantees success in an investment is the ability to speculate rightly at any point in time, and this speculation might even advise you to liquidate your investment at any time to avoid the coming catastrophe. See, 'it's good to attack and retreat in every war,' this is wisdom which is important to replicate in crypto investment.

That said, investors should define the longevity of their investment, it might be short, medium or long-term, but it doesn't matter, yet speculation is still important to be a guide. This indicates that it's not necessary to be an excessive holder of any asset, including crypto, it only has to do with the investors' goal and the plan to realize the goal.

Conclusively, a good investor should be dynamic in decision-making and act based on the current market reality not minding the ROI to avoid making mistakes.

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December 06, 2022, 06:43:53 PM
 #62

Everyone can hold but not everyone could have patience and that's the common mistake of some cryptocurrency investors. They easily give up when the market is shaky and when the volatility of the coin that they're holding is too high. When it comes to holding and long term investing, patience is the most important trait that we should have. Crypto invesment is full of testings and challenges and it will play along with your emotions. I can say that being patient is a skill because not everyone can apply it.
Patience could be something ending up on a mistake or not because there are ones who had holding been that much which do really ends up on a disaster.This is why holding isnt always that a good thing but considering

we are dealing with crypto then we do know that it could give out that kind of chance which earnings could be potentially able to hit up for how many fold and this is why people would always be suggesting that we

must really hold up our crypto coins specially with Bitcoin and some other worthy altcoins in the market.If you do have feels that this might become that big then it would
really be depending into your choice and since each person does have its own choice.

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December 06, 2022, 07:48:02 PM
 #63

Patience is the hardest part of long term investment, if you can exercise patience then you will be able to invest for longterm.
Saying hold for longterm is easy, actually putting it into practice is the most difficult part. If you can do it, you will be immensely rewarded.
There is a popular saying that goes "patience is golden" meaning not everyone has the gift of patience.

Most investors in the crypto market don't want to be patient, and don't want to spend time doing research. When an investor makes any investment, he needs to think in advance what he is investing in and what he expects from it. Because there are many aspects to be taken care of in holding, the recent events of the crypto market indicate that. I think investing long term and patiently holding the free money in Bitcoin and Ethereum will yield golden results.

But people invest all their funds in one coin which leads to risk later. So in the case of holding and money management should be followed, so that there is no need to take separate pressure to meet the living expenses.

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December 06, 2022, 07:54:14 PM
 #64

There are people with patience, and there are shitcoiners.  If you've held Bitcoin for a good amount of time, you've probably made a lot of money.  If you've traded altcoins for a good amount of time, you've probably lost a lot of money.  That's just how it works.  That patience to hold Bitcoin has been rewarding for many.  I've even heard that Bitcoin exists to reward savers and punish traders.  That seems to be true looking backward.  I don't think given a long enough time frame the future will be any different.  Buy Bitcoin, hold onto your BTC, don't let any exchange or service talk you out of them, and you'll probably do alright. 

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December 06, 2022, 09:52:05 PM
 #65

The patience to hold is an effort, for, not all people are able to be patient for holding. However, with so much FUD and negative news we can find it in the crypto industry. When the price keeps decreasing and can't rise up quickly, this is the time when our patience is very tested. And once we can pass it, this will really ring us to harvest the results.

We know that being patient is not easy. Many parties are influencing, confronting and making us doubt our decision. But, as long as we have the idea and target of our investment, and know enough what our inevstment in the future, this will does not disturb much for us.

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December 06, 2022, 10:18:45 PM
 #66

It's obvious you are not an investor, and mind you, patience to hold might be a gift, but it does not guarantee success. What guarantees success in an investment is the ability to speculate rightly at any point in time, and this speculation might even advise you to liquidate your investment at any time to avoid the coming catastrophe. See, 'it's good to attack and retreat in every war,' this is wisdom which is important to replicate in crypto investment.

That said, investors should define the longevity of their investment, it might be short, medium or long-term, but it doesn't matter, yet speculation is still important to be a guide. This indicates that it's not necessary to be an excessive holder of any asset, including crypto, it only has to do with the investors' goal and the plan to realize the goal.

Conclusively, a good investor should be dynamic in decision-making and act based on the current market reality not minding the ROI to avoid making mistakes.
Precisely, winning success is not just holding but also having good decision-making which most of us have made it too difficult. Like if we are just holding shitcoin, for sure, nothing really good to happen in the end, and makes no sense. Though we can say that holding has some good benefits, however, this will also rely upon on the situation and the coins we hold. Because if we are very certain about holding that it will give us more profit then we gonna expect that everyone will do the same as well. But they never found it working, that's why.

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December 07, 2022, 11:50:38 AM
 #67

...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...

There is no doubt that investing in bitcoin will be much more profitable than keeping your money in the bank. Given the dynamics of the cryptocurrency market, the profit in this case can reach several hundred percent. But this will only be true if the market is bullish. Otherwise, 1-2% in the bank may be higher than you will earn on holding bitcoin.

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December 07, 2022, 12:39:08 PM
 #68

There is no doubt that investing in bitcoin will be much more profitable than keeping your money in the bank. Given the dynamics of the cryptocurrency market, the profit in this case can reach several hundred percent. But this will only be true if the market is bullish. Otherwise, 1-2% in the bank may be higher than you will earn on holding bitcoin.
I agree with your assumptions, but ultimately bitcoin is not for those who dislike price volatility and other risks. Many people don't want to invest in highly volatile assets like bitcoin because they think it's the easiest way to lose money. Therefore, you won't be surprised to learn that there are still many people who want to save or make deposito at the bank at any time.

I don't want to go too far, I think for the people I know also have less confidence in investment assets like bitcoin. They believe more in gold or bank deposito can give them profit and safe. To be honest, I don't want to force them to believe in bitcoin, so I'm not going to make a big deal out of it no matter what the decision is.

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December 07, 2022, 12:55:16 PM
 #69

It's obvious you are not an investor, and mind you, patience to hold might be a gift, but it does not guarantee success. What guarantees success in an investment is the ability to speculate rightly at any point in time, and this speculation might even advise you to liquidate your investment at any time to avoid the coming catastrophe. See, 'it's good to attack and retreat in every war,' this is wisdom which is important to replicate in crypto investment.

That said, investors should define the longevity of their investment, it might be short, medium or long-term, but it doesn't matter, yet speculation is still important to be a guide. This indicates that it's not necessary to be an excessive holder of any asset, including crypto, it only has to do with the investors' goal and the plan to realize the goal.

Conclusively, a good investor should be dynamic in decision-making and act based on the current market reality not minding the ROI to avoid making mistakes.
Precisely, winning success is not just holding but also having good decision-making which most of us have made it too difficult. Like if we are just holding shitcoin, for sure, nothing really good to happen in the end, and makes no sense. Though we can say that holding has some good benefits, however, this will also rely upon on the situation and the coins we hold. Because if we are very certain about holding that it will give us more profit then we gonna expect that everyone will do the same as well. But they never found it working, that's why.

Success is always rely on how you win each trade and how you manage your losses as well. I like both the argument with decision making as it is really the benefiting factor when investing.

Patience is a key, but timing will drive you to make good winning trade, adoption and know how to
adjust to each situation.

It's not easy, but you can make things happen when you already understand everything that around
the business that you are in, balance and good management of both time and money when placing
your investment.
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December 07, 2022, 02:25:14 PM
 #70

...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...

There is no doubt that investing in bitcoin will be much more profitable than keeping your money in the bank. Given the dynamics of the cryptocurrency market, the profit in this case can reach several hundred percent. But this will only be true if the market is bullish. Otherwise, 1-2% in the bank may be higher than you will earn on holding bitcoin.

Bank has lower risk but lower profit; bitcoin has high risk but high reward. You must decide wisely what risk you will take; will you play it safe? then go to the bank and make a time deposit, but if you are a risk taker, then invest in bitcoin, but first gain knowledge yourself so that you are not surprised by bitcoin. Risking huge money now is difficult, which is why some investors will invest in other assests. But those who really want to take a risk will invest in bitcoin, but they will conduct research first to lessen the risk, and they have plans. This applies to all investments; you can lessen the risk if you have plans.
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December 07, 2022, 03:08:18 PM
 #71

...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...

There is no doubt that investing in bitcoin will be much more profitable than keeping your money in the bank. Given the dynamics of the cryptocurrency market, the profit in this case can reach several hundred percent. But this will only be true if the market is bullish. Otherwise, 1-2% in the bank may be higher than you will earn on holding bitcoin.
Basically what you said is true and for now the market is still in a bearish condition and that seems to be making some people hesitate to invest,
investing in Bitcoin is always a good choice and whether it is profitable or not depends on many factors
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December 07, 2022, 03:08:47 PM
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 #72

As much as it has been mentioned many time by people that the ideal approach is to be patient and hold, I believe enough patience and hodl is the key but also the  difficult strategy because it is difficult to be watching your assets declining in value without  not having any doubts, particularly when the Bitcoin market  price is in declining.You might consider selling your Bitcoin  and not to lose all and use the money to invest in other things, unless you are the type of person who is well-versed in the fluctuations in the market price of bitcoin and has dealt with similar situations in the past. In that case, it might not give a damn because it believe that the Bitcoin bear market will surely be over one day.

According to the history of Bitcoin, which began approximately 13 years ago, and from what users have observed, if you are patient and hold Bitcoin for a long time, you will make money from it regardless of what over.

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December 07, 2022, 06:48:49 PM
 #73

...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...

There is no doubt that investing in bitcoin will be much more profitable than keeping your money in the bank. Given the dynamics of the cryptocurrency market, the profit in this case can reach several hundred percent. But this will only be true if the market is bullish. Otherwise, 1-2% in the bank may be higher than you will earn on holding bitcoin.
Basically what you said is true and for now the market is still in a bearish condition and that seems to be making some people hesitate to invest,
investing in Bitcoin is always a good choice and whether it is profitable or not depends on many factors
It do always falls down on how someone could put up some risk into their investment, if they could really be able to bare up with the risk then they would surely invest but if not then they would really be hesitating on
doing so and this had been a common reaction or thing on which most people would really be doing on this bear market.We are really that indeed that having the fear since we dont really like to lose money and we dont really like to see our portfolio in negative which it is really that very or pretty common having this kind of reaction since we are really just humans.
When it comes to patience and discipline then each one of us is really different in levels due to some several factors too.

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December 08, 2022, 08:43:37 AM
 #74

Basically what you said is true and for now the market is still in a bearish condition and that seems to be making some people hesitate to invest,
investing in Bitcoin is always a good choice and whether it is profitable or not depends on many factors

In addition, there are a large number of people who are distrustful of cryptocurrency. And it is those who will continue to place their money in the bank at 1% per annum, which will be devalued by inflation. In this case, they will never be able to increase their capital, but there is also no risk of losing their money.

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December 08, 2022, 10:48:28 AM
 #75

If you are solely purchasing Bitcoin with free money that you have no other plans to spend, holding is actually quite simple. The reason there are so many weak hands in cryptocurrency is that these people keep investing money that should be going toward basic requirements, insurance, and life savings. The impulse to spend the money invested in Bitcoin is what continues causing cryptocurrency holders to lose their grip.
If only you would put money into investments that have no other intention than to buy bitcoin. Because you have no need for it, you can hold onto your Bitcoin for as long as you like.
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December 08, 2022, 11:36:49 AM
 #76

Basically what you said is true and for now the market is still in a bearish condition and that seems to be making some people hesitate to invest,
investing in Bitcoin is always a good choice and whether it is profitable or not depends on many factors

In addition, there are a large number of people who are distrustful of cryptocurrency. And it is those who will continue to place their money in the bank at 1% per annum, which will be devalued by inflation.

They don't trust cryptocurrency because they don't know about it. They are also unfortunate that no people nearby them open up this topic or even teach them the basic that's why they end up doubting it because they are unfamiliar also doesn't know what to do about it. Maybe if there's great adoption will come and crypto education will take place on their country especially to their cities for sure many people who doubt it will slowly adopt crypto on daily basis. Banks are dominant because they are the traditional and most common known to people so its not surprising at all that many still pick this even they know that they can only get small returns with their money deposited there.

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December 08, 2022, 12:42:36 PM
 #77

Holding is very easy if you know what you're holding, what are their capabilities in the long run, and especially their worth. However, there might be some scenarios that could happen while waiting, like for example an emergency, where you need a large amount of money therefore you'll be force to sell your bitcoin and convert it in your local currency to assess the situation, or might be anything that is urgent.

That's why I always invest my fiat on cryptocurrency 60:40, I never forget to hold some extra fiat for my needs and just in case there would be an emergency. I don't wanna ruin the profit that I could make in the long run, so I always plan ahead.
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December 09, 2022, 11:38:27 AM
 #78

Holding is very easy if you know what you're holding, what are their capabilities in the long run, and especially their worth. However, there might be some scenarios that could happen while waiting, like for example an emergency, where you need a large amount of money therefore you'll be force to sell your bitcoin and convert it in your local currency to assess the situation, or might be anything that is urgent.

That's why I always invest my fiat on cryptocurrency 60:40, I never forget to hold some extra fiat for my needs and just in case there would be an emergency. I don't wanna ruin the profit that I could make in the long run, so I always plan ahead.
Holding is one of the best strategy traders and investors used in other to gain profits in the space. it's very important that we also know the outcome of holding, one can either end in massive profits or heavy loss depending on the projects. Some projects turns out scam while some are solid. We should be be extremely careful not to invest on the wrong projects, because most of the coins turns out scam like we should review what happened to Terra Luna and FTX. There's still more to come and hoping to do proper research before investing.

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December 09, 2022, 12:32:57 PM
 #79

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.


It depends on the financial situation that you are in. If you believe in the future of Bitcoin regardless of its price right now (even if you are at a loss) and has enough funds to sustain every month, then the patience would be worth it despite that there are no promises or astronomical guaranteed returns.

But if you are not financially literate and not managing your finances well, then your patience might easily ran off and might be tempted to withdraw your Bitcoins anytime.

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December 09, 2022, 12:50:43 PM
 #80

Holding is very easy if you know what you're holding, what are their capabilities in the long run, and especially their worth. However, there might be some scenarios that could happen while waiting, like for example an emergency, where you need a large amount of money therefore you'll be force to sell your bitcoin and convert it in your local currency to assess the situation, or might be anything that is urgent.

That's why I always invest my fiat on cryptocurrency 60:40, I never forget to hold some extra fiat for my needs and just in case there would be an emergency. I don't wanna ruin the profit that I could make in the long run, so I always plan ahead.
You make every effort not to reduce your investment assets as much as possible before the plan you make is achieved. that's good, and saving fiat is also important for savings that we can use in an emergency situation. and it will not change the investment planning that we do.
when investing in Bitcoin, then our thinking must be for the long term. and it will not let us down. but some people do not keep fiat or run out of fiat for their needs. of course there is no other option to sell under any circumstances. nothing to be sorry about.



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