The patience to hold is a gift

[tjtonmoy]

Teach them if they had been asking but if not then pretty sure that the do already know and already aware on what are the things that they should gonna do.This is why it would really be that depending

Based on what OP has shared, I don't think they have enough knowledge about it. So it is safe to teach them beforehand. We were all newbies at some point and to this day, we are still learning something new every day. There's no limit on how much we can learn, but to be a part of something we need to at least learn the pros and cons. It does depend from person to person. So we should ask first and learn from them too. Maybe they know something that we don't. And we know something that they don't. It's like give and take.
I think in crypto world, it is the best way to learn.

[LUCKMCFLY]

I say that patience is one of the talents that investors have, patience is something unique that gives long-term results, I have also read it in some books by Warren Buffet where he recommends it, of course world events are currently going at a different pace .

About 50 years ago the world was moving differently, more could be done regarding the markets, of course, as I said before in other threads, big time investors don't mind leaving an investment of $10k or more in shares for 8-10 years without touching that money, because they have a way to solve their basic needs, currently people cannot afford that luxury, because with a minimum investment it implies many sacrifices that they cannot make.

[Hyphen(-)]

I say that patience is one of the talents that investors have, patience is something unique that gives long-term results, I have also read it in some books by Warren Buffet where he recommends it, of course world events are currently going at a different pace .

About 50 years ago the world was moving differently, more could be done regarding the markets, of course, as I said before in other threads, big time investors don't mind leaving an investment of $10k or more in shares for 8-10 years without touching that money, because they have a way to solve their basic needs, currently people cannot afford that luxury, because with a minimum investment it implies many sacrifices that they cannot make.

Some people did not understand this because they believe that leaving their money for a long time will not benefit them because they will use it for some business and make more profit, whereas others do not have the mindset to invest such a large sum and overlook the investment.

There are people who constantly check their wallets to see how much profit they have already made, whereas true long-term investors will simply leave their wallets aside until it is their target time to check the wallets and then see the amount of money inside the wallet; these types of investors are the best because they have enough profit that they will never regret the time they wasted while investing.

[Lida93]

The virtue of holding for as long as is only possible for anyone when they have lots to spare, and the money used for the investment is such money that you can do without. Because it's a different thing for someone that therefore uses his or her savings to invest in crypto and was expecting that possibly within a year a bull run must have taken place, in course of such expectation it doesn't go as planned there's a much tendency to for such a person to cut trade in loss, unlike someone that has much and just used a fraction out of that much to invest such a person would not be bond with expectation, what their mind will be waiting for is bull market no matter the length of time.

So in summary, what actually determines a person's virtue to wait is expectation, how much you have outside what you used in investment, these are also factors that affects people's virtue to be patient with their investment.

[LUCKMCFLY]

Crypto trading if you know us is something that has to be taken with great caution, what I recommend and will always recommend is before trading, read books on how the market moves, and study all the possible scenarios very well, and last of all I would start technical analysis, and once all that was achieved, I think I would go trading with fictitious money, because it is the safest step, not only to test the strategy but to test myself by testing each exchange tool, because a bad practice that makes s could become a great loss, that is something that we must be clear about, otherwise money is lost and that is what we do not want.

[jokers10]

Some people did not understand this because they believe that leaving their money for a long time will not benefit them because they will use it for some business and make more profit, whereas others do not have the mindset to invest such a large sum and overlook the investment.

There are people who constantly check their wallets to see how much profit they have already made, whereas true long-term investors will simply leave their wallets aside until it is their target time to check the wallets and then see the amount of money inside the wallet; these types of investors are the best because they have enough profit that they will never regret the time they wasted while investing.

I'd say that there is no universal investing approach: if you choose to invest in bitcoin and wait for really long term it can be a beneficial strategy as bitcoin is an inflationary asset. But if you invest in some other assets from modern inflationary economy and you'll prefer not to manage your portfolio you can lose as easily as get a revenue. Entire sectors of the economy can disappear with time if technological revolution will give us something else in the same field. You should not be too impulsive, but you should not forget about your investments as well, it is always important to find a balance. IMO.

[Peanutswar]

At the first place we know how does the market volatility might risk all of our assets by this the investor must need to make sure that they have an enough knowledge to prevent those losses or cut those losses. Better to seek a plan for the executions of trades such as if you are going for a long term investment which is you are aiming and waiting for the another bull run of the market or else having a some take rides with the market volatility which is short term trading if the market pumps for a week go for a profit and cut loss if you didn't reach the goal you want to. Most ideal always have an update with the current status of the news in the market so you keep yourself aware when to buy again or sell.

[LUCKMCFLY]

As OP has said, you always need to trade in demo mode, or with play money, if I could start over the first thing I would do is not make the mistake I did, which was to learn technical analysis first.

I learned the other way around, because I know that before learning Technical Analysis it is recommended to know the reason for the movements, I would concentrate on knowing the reason for such movements in a period associated with an event and how it developed, as well as the market Bitcoin and cryptocurrencies are closely related to altcoins, you would know when you should buy altcoins, that the ideal moment is when Bitcoin is in an uptrend (confirmed) and thus wait for the first setback to be able to buy and generate more money, I think That way I would take advantage of everything.

[death69]

I say that patience is one of the talents that investors have, patience is something unique that gives long-term results, I have also read it in some books by Warren Buffet where he recommends it, of course world events are currently going at a different pace .

About 50 years ago the world was moving differently, more could be done regarding the markets, of course, as I said before in other threads, big time investors don't mind leaving an investment of $10k or more in shares for 8-10 years without touching that money, because they have a way to solve their basic needs, currently people cannot afford that luxury, because with a minimum investment it implies many sacrifices that they cannot make.

Some people did not understand this because they believe that leaving their money for a long time will not benefit them because they will use it for some business and make more profit, whereas others do not have the mindset to invest such a large sum and overlook the investment.

There are people who constantly check their wallets to see how much profit they have already made, whereas true long-term investors will simply leave their wallets aside until it is their target time to check the wallets and then see the amount of money inside the wallet; these types of investors are the best because they have enough profit that they will never regret the time they wasted while investing.

Investing ain't no joke, bro. You gotta have some serious virtue to stick with it. Warren Buffet, the boss of investing, knows what's up when he says patience is key. I feel ya, it's tough to slow down in this fast-paced world we live in, but you gotta do it if you wanna see some real long-term gains.

Personally, I've been on this investing grind for a minute now, and I've learned that having a solid long-term investment strategy is where it's at. I ain't gonna lie, there were times when I invested in a company that I was feeling, but then the stock price started buggin' and I wanted to bounce. But I didn't, I stayed patient and held onto that investment like a boss. And ya know what? Over time, the stock price leveled out, and I got paid!

People be sleeping on long-term investments, thinking they can make more money with short-term opportunities. But lemme tell ya, long-term investing provides that sense of security and stability that short-term investments just can't touch. Real talk, successful long-term investors don't constantly check their wallets, they stay true to their investment strategy and have the discipline to stay the course.

[Peanutswar]

As OP has said, you always need to trade in demo mode, or with play money, if I could start over the first thing I would do is not make the mistake I did, which was to learn technical analysis first.

I learned the other way around, because I know that before learning Technical Analysis it is recommended to know the reason for the movements, I would concentrate on knowing the reason for such movements in a period associated with an event and how it developed, as well as the market Bitcoin and cryptocurrencies are closely related to altcoins, you would know when you should buy altcoins, that the ideal moment is when Bitcoin is in an uptrend (confirmed) and thus wait for the first setback to be able to buy and generate more money, I think That way I would take advantage of everything.

Demo mode most likely use for trying another execution of technical analysis and at the same time is for the people who want to start in trading without having an idea what they are dealing with, sooner once you will feel you are already confident with the tools you are using that's the time you will try with your real money of course not all the time trading execution executes properly it depends on the whales market manipulation, one of my best strategy is to have a waiting pattern. Wondering what kind of strategy you are using too?.

[Jody.Drummer]

I say that patience is one of the talents that investors have, patience is something unique that gives long-term results, I have also read it in some books by Warren Buffet where he recommends it, of course world events are currently going at a different pace .

About 50 years ago the world was moving differently, more could be done regarding the markets, of course, as I said before in other threads, big time investors don't mind leaving an investment of $10k or more in shares for 8-10 years without touching that money, because they have a way to solve their basic needs, currently people cannot afford that luxury, because with a minimum investment it implies many sacrifices that they cannot make.

Yes, when we enter the investment world, we must have what is called "patience". I will also say that the investment is not suitable for people who do not have patience. How could they possibly hold on for so long when they were impatient? Especially if we invest in cryptocurrencies whose movements are not the same as other stock exchanges.
There are many factors that make investors sometimes rush to make decisions, one of which is they can't wait to hold on for a long time, it's a problem that can only be overcome by yourself.

[_BlackStar]

Yes, when we enter the investment world, we must have what is called "patience". I will also say that the investment is not suitable for people who do not have patience. How could they possibly hold on for so long when they were impatient? Especially if we invest in cryptocurrencies whose movements are not the same as other stock exchanges.
There are many factors that make investors sometimes rush to make decisions, one of which is they can't wait to hold on for a long time, it's a problem that can only be overcome by yourself.

Patience also has limit, I mean they must not remain impatient to not sell when the expected returns have been achieved. For example, it's hard for me to expect bitcoin to be 6x ATH in past, so when it gets to 3x ATH, then they should be able to determine what their investment goals are.

But when their investment assets haven't returns the expected returns, then they have to be patient but stick to something that makes sense. Long-term hold is one that is recommended, but don't forget to take profits when the return target has been reached.

[Jody.Drummer]

Yes, when we enter the investment world, we must have what is called "patience". I will also say that the investment is not suitable for people who do not have patience. How could they possibly hold on for so long when they were impatient? Especially if we invest in cryptocurrencies whose movements are not the same as other stock exchanges.
There are many factors that make investors sometimes rush to make decisions, one of which is they can't wait to hold on for a long time, it's a problem that can only be overcome by yourself.

Patience also has limit, I mean they must not remain impatient to not sell when the expected returns have been achieved. For example, it's hard for me to expect bitcoin to be 6x ATH in past, so when it gets to 3x ATH, then they should be able to determine what their investment goals are.

But when their investment assets haven't returns the expected returns, then they have to be patient but stick to something that makes sense. Long-term hold is one that is recommended, but don't forget to take profits when the return target has been reached.

When indeed our target is like that then it is also not a real mistake because on the other hand we also have to be aware that we will not be here forever so when we have got the target we want why not.
But if you really still want to stick with a higher multiple, that's even better because regardless of anything, it's in your own hands. Hodl when we want to stay for the long term and get out if we feel this has become an advantage, I don't think it's wrong.

[Pamadar]

Yes, when we enter the investment world, we must have what is called "patience". I will also say that the investment is not suitable for people who do not have patience. How could they possibly hold on for so long when they were impatient? Especially if we invest in cryptocurrencies whose movements are not the same as other stock exchanges.
There are many factors that make investors sometimes rush to make decisions, one of which is they can't wait to hold on for a long time, it's a problem that can only be overcome by yourself.

Patience also has limit, I mean they must not remain impatient to not sell when the expected returns have been achieved. For example, it's hard for me to expect bitcoin to be 6x ATH in past, so when it gets to 3x ATH, then they should be able to determine what their investment goals are.

But when their investment assets haven't returns the expected returns, then they have to be patient but stick to something that makes sense. Long-term hold is one that is recommended, but don't forget to take profits when the return target has been reached.

When indeed our target is like that then it is also not a real mistake because on the other hand we also have to be aware that we will not be here forever so when we have got the target we want why not.
But if you really still want to stick with a higher multiple, that's even better because regardless of anything, it's in your own hands. Hodl when we want to stay for the long term and get out if we feel this has become an advantage, I don't think it's wrong.

Hold if you think that things can proceed to what you percept the market will be, but if you set your expectations and it was already achieved then it's also okay to released your holdings with decent profits.

Depending from how you set your plan and how you execute your strategy, traders always have different
point of views which in general all are aiming to earn money.

[Fatunad]

Yes, when we enter the investment world, we must have what is called "patience". I will also say that the investment is not suitable for people who do not have patience. How could they possibly hold on for so long when they were impatient? Especially if we invest in cryptocurrencies whose movements are not the same as other stock exchanges.
There are many factors that make investors sometimes rush to make decisions, one of which is they can't wait to hold on for a long time, it's a problem that can only be overcome by yourself.

Patience also has limit, I mean they must not remain impatient to not sell when the expected returns have been achieved. For example, it's hard for me to expect bitcoin to be 6x ATH in past, so when it gets to 3x ATH, then they should be able to determine what their investment goals are.

But when their investment assets haven't returns the expected returns, then they have to be patient but stick to something that makes sense. Long-term hold is one that is recommended, but don't forget to take profits when the return target has been reached.

When indeed our target is like that then it is also not a real mistake because on the other hand we also have to be aware that we will not be here forever so when we have got the target we want why not.
But if you really still want to stick with a higher multiple, that's even better because regardless of anything, it's in your own hands. Hodl when we want to stay for the long term and get out if we feel this has become an advantage, I don't think it's wrong.

Hold if you think that things can proceed to what you percept the market will be, but if you set your expectations and it was already achieved then it's also okay to released your holdings with decent profits.

Depending from how you set your plan and how you execute your strategy, traders always have different
point of views which in general all are aiming to earn money.

This is what i do have in mind is to Take profit out when im happy or contented.Im not really that going for long term anymore on which it would really be just wise if you do take profits no matter what.
It is really just depending on how someone could withhold their positions on the time that they had bought in on a particular price.Waiting game does really test out your patience and we do all
know that not all people are really that having a long one which means that you could really potentially make bad decisions because your emotions do kicks in.
Lucky if it was a good call but most of the time which being impulsive does really give some harm.

[GeorgeJohn]

Hold can either get one's account loaded with profits or liquidated with reference to the project been invested on. Patience is the key factor of becoming financially stable in the market. Holding a coin for a long period of time and getting good profits as rewards at the end of the bull road maps for the projects is only earnable with patience. There are varieties of projects in the space, some are meant for short term while some are long term  for holding, the main target is to be patient with the project, until it makes it's bull run up.

I know that patient is one of the things that makes long run investors to make profit, but profit making in cryptocurrency for long investors is dependable on the kind of coin you invested on, and the potentiality of the coin. Some good investors who makes research of coins do make profit for short term investment than long run investment, because some long run investment some of the altcoins that doesn't have a good potential do give off on the process, while some of short term investment the coins that lacks potential do bring up a profit. Sshall it depends.

[mvdheuvel1983]

Holding, especially in bitcoin is a very profitable measure. Though it is very difficult to attain but when someone who is so determined and have another stream of income holds in Bitcoin, he will definately enjoy his massive return.
The bull run will profit those who invested for a very long term, and are patience enough to hold. The patience to hold in cryptocurrency especially at the bear market is so difficult but it will inturn results to a massive profit.

[LUCKMCFLY]

I see patience as a virtue, but of course if there is bitcoin in Hodl mode it is best to be patient because it does not make any sense to sell btc at a price like the one we have because considering the last ath it is not smart to do it, first because it would be losing money and second it would be throwing away so much waiting time, monitoring and resisting so many storms through which bitcoin has gone, this without counting the amount of fud that has been generated, those things are what a holder must take into consideration.

[slashz9]

maybe those who understand say keeping money in the bank years is worse and better to keep it in bitcoin, but for those who don't understand it's hard and they don't believe it. believe me I've told my friend and he said it's impossible.

[awik p]

Hold can either get one's account loaded with profits or liquidated with reference to the project been invested on. Patience is the key factor of becoming financially stable in the market. Holding a coin for a long period of time and getting good profits as rewards at the end of the bull road maps for the projects is only earnable with patience. There are varieties of projects in the space, some are meant for short term while some are long term  for holding, the main target is to be patient with the project, until it makes it's bull run up.

I know that patient is one of the things that makes long run investors to make profit, but profit making in cryptocurrency for long investors is dependable on the kind of coin you invested on, and the potentiality of the coin. Some good investors who makes research of coins do make profit for short term investment than long run investment, because some long run investment some of the altcoins that doesn't have a good potential do give off on the process, while some of short term investment the coins that lacks potential do bring up a profit. Sshall it depends.

if the coin or altcoin is as trusted as bitcoin, ethereum or BNB, then there is no worry about holding it in the long term, but if the altcoin is new and you have done research according to personal analysis, then it is better for the short term, considering that new altcoins seem very easy to be manipulated, so that if we don't take advantage immediately, we are afraid that the project will actually experience a setback and we will lose capital, so even waiting for a long time seems meaningless