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Author Topic: Be patient and you will be there soon.  (Read 988 times)
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July 16, 2023, 07:13:50 PM
 #1

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

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July 16, 2023, 07:21:10 PM
 #2

Patient is one of the key every BTC holders must embrace when waiting for bull market to come because is a type of season every long and short holders want to see before the end of this year before they can visit the market to sell. I bought BTC early last year when the price was $20, and the price has taken a good step to hit $30k which is very close to my expectations before I will start selling my BTC and have another opportunity to buy and hold for another bull to come. If you can ensure with the current price situation and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. Do you believe bull market will happen soon?
First, you have been in this forum for long to know the right boards to create your topic,  because as far as I know this thread belongs to Bitcoin speculations and not the altcoin board,  so you have to move the thread to the right board to get the right exposure that will give you the perfect analysis and market speculation.

But then also you need to correct the $20 you wrote as your buy-in price in last year's because what I figure out is that you made a typo error and forget to put the k in front of the $20 you mentioned.
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July 16, 2023, 07:50:47 PM
 #3

Patience is one of the most important traits an investor must have. Very few people get rich or even do well in crypto short term, it’s usually impossible to time the market. Buying regularly & holding for years is a time proven recipe for success. Most of us here who have made money have had to sit underwater for at least one bear market. Patience rewards those who have it, time & time again this is proven. Don’t be one of the weak hands, have some conviction & succeed.

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July 16, 2023, 08:07:27 PM
 #4

Time is so much needed in crypto. A newly established technology has developed for years, continues to develop, grows more and more as it develops. As everyone knows, there is a time of renewal, and then there is a period of preparation for the next time the projects work. Of course, good money can be earned just by following this cycle.

But it's a matter of catching the right timing, people who have been in the market for a long time can more or less predict some market movements.

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July 16, 2023, 09:31:17 PM
 #5

The cryptocurrency business has to with a patient, if you can hold you won't be making much profit in
crypto, especially Bitcoin, base you're topic, patient is the key, which I supported.

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July 16, 2023, 09:31:53 PM
 #6

If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

Patient and believing are just two of the things that you need to make a profit from investing in Cryptocurrency and of course, following the updates on the coins you have invested to, I'm not going to sell Bitcoin hit $40k until having is over because there will be a dramatic increase of the price months after the halving if it's still possible I will try to hold until it reaches $100k we just don't know how many years of wait possibly 2 or three years but if I ok financially why not as long as adoption is on going you have something to hope for.

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July 16, 2023, 09:42:41 PM
 #7

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
Always be depending on your price target or threshold on which we know that each person does have different goal when it comes to their selling point whether it would be 60k or 100k or more. This is why its really hard to

answer up some questions about price limit or your goal when it comes to selling because it would really be in accordance into your preference or interest.In overall, if you do have plans on having short term bag and long term
bag then its up to yours because there are ones who do make both things on which they could able to see profits in short term and at the same time you are holding for long term but well it would be accordance into
your capital and capability when it comes to trading whether going for short term or long term approach.

Just dont make yourself in a hurry when it comes on making money because this is where it usually make some do becomes that desperate when it comes to their investment which it would led up
into mistake or disaster just because they arent been able to make up good decisions basing up on what they are currently dealing with.

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July 16, 2023, 10:04:27 PM
 #8

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
Your whole title is contradicting itself. IF you are patient you are not expecting anything happening soon and you need to adjust your expectations indefinitely. It might be months, or years depending how patient you are going yo be but "patience" and "soon" in a same sentence is a premise of a joke.

Imho people trying to make few percentages in crypto haven't grasped the potential of extremely volatile markets. I have seen many newbs making peanuts by day trading alts and btc and people who just forgot they owned alts and made insane profits. New assets need new approaches. Traditional ways and generic trading doesn't necessarily apply here. Or at least people doing that aren't making the most of this scene.

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July 16, 2023, 10:09:09 PM
 #9

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
Each person can decide what is the best strategy for themselves, however you talk as if the bull run is already over when no bull run took place, after the price of bitcoin was crashing, a much needed correction happened which pushed the price of bitcoin to the 30k level, and if you want to sell now you are free to do so but I do not see the point of doing this when you can just keep holding your bitcoin and do nothing, and still multiply your profits many times over.
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July 16, 2023, 10:15:24 PM
 #10

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
Your whole title is contradicting itself. IF you are patient you are not expecting anything happening soon and you need to adjust your expectations indefinitely. It might be months, or years depending how patient you are going yo be but "patience" and "soon" in a same sentence is a premise of a joke.
Exactly my thought, in crypto you need to have price expectation and like you did mentioned, you have reach your price expectation but still needed more, crypto space is unpredict anyways, anything can happen and price can go in any direction, so keep your price expectation and take little profit   

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July 16, 2023, 10:29:04 PM
 #11

Patience is one of the mlst important skill alongside discipline. Having seen a couple of market cycles and read many stories of people's experience in this space, I agree that patience is one of the key skill everyone should have. Crypto is a new space that is pushing the bounds everyday and it would require a lot of patience.

Patience is one of the most important traits an investor must have. Very few people get rich or even do well in crypto short term, it’s usually impossible to time the market. Buying regularly & holding for years is a time proven recipe for success. Most of us here who have made money have had to sit underwater for at least one bear market. Patience rewards those who have it, time & time again this is proven. Don’t be one of the weak hands, have some conviction & succeed.

Well said, patience is a virtue truly. The people who have done well in crypto were patience enough to  reap the benefits of their investments.

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July 17, 2023, 04:24:42 AM
 #12

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
Patience is indeed crucial for BTC holders, especially when awaiting a bull market. The timing of market cycles can be unpredictable, and it's essential to stay focused on long-term goals. Congratulations on purchasing BTC at $20k last year, and it's promising to see the price rise to $30k. Remember, setting realistic expectations is important, and selling decisions should align with individual investment strategies. If the price reaches $40k next month, it's a personal decision whether to sell or hold. Some may choose to secure profits, while others might have a higher target in mind, such as $100k. It's crucial to evaluate the market conditions, conduct thorough research, and make informed decisions based on your own risk tolerance and investment objectives. Holding onto BTC can potentially lead to significant profits, but it's important to continuously monitor market trends and adjust your strategy accordingly

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July 17, 2023, 04:48:53 AM
 #13

(....)
If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
Every wait must be rewarded and must be worth it.
For me, if Bitcoin reaches $40,000 next month, I will still not sell. Because I have my personal goal and target which is only valid this year and next year.
I am expecting a new all-time high for Bitcoin before I can be convinced to sell some of my Bitcoins only that bought at specific prices only. I have some Bitcoins that is intended to hold for longer time.
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July 17, 2023, 05:52:17 AM
 #14

If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

Well, this interests the OP, I have a question that we need to answer and consider, namely do we all here believe that the price of BTC will continue to rise or is there a possibility of a price correction in the near future? This is of course (besides our long term goals) in investing.

Judging from your question above, "If BTC price reaches $40k next month, will you sell it?" The answer is variation cause many people have a certain price target before they sell their crypto assets and a decision to sell Bitcoin or other crypto assets.

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July 17, 2023, 06:13:15 AM
 #15

I won't sell at 40k or 60k, it's still a long way off where 100k is already a lot to look forward to in the upcoming bull.

That is investing we must be prepared to be patient in many years because there is no short-term investment that generates more profit except with a long travel time, so let us remain holders until the limit set by the skyrocketing bitcoin price later.

I believe next year will have many opportunities to sell at high prices, while now is an opportunity to continue buying when prices are still low from the previous ATH, take advantage of it better than nothing.

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July 17, 2023, 08:57:06 AM
 #16

There are not option have to do exactly for investor or bitcoin holder bough on higher price above $50k to $60k, but profitable for holder have buy back when bitcoin drop around $20k and their patience is most profitable. Patient is the key how to be success investment at the future but our position who bought Bitcoin around higher price not have to do except hold and keep waiting until bitcoin back to higher price. But still have any investors can't patience and waiting for until bitcoin recovering and back to higher price.

I believe with Bitcoin opportunities back to higher price, near time with bitcoin halving will bring good impact bitcoin back to $50k or wake up until $60 in next year.

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July 17, 2023, 09:25:48 AM
 #17

It's near impossible to time the market and that's why I don't want to have a plan of when, all I know about right now is buying the dips, I even pray for more dips to happen because I believe that we don't have the time, the halving season is coming and this year might be the last time to buy at a good price, although a part of me still wants a big crumble in the market, still I don't wait on my hands for that dream to come true, it may never happen, that's why I keep buying already and I will keep doing so till 2024, I am ready for whatever it's going to cost or take.

Focus more on buying the dips, if this is all that you cares about right now, your patience will be on auto, because there is no reason to be in haste, you aren't done accumulating so the longer the bear market the better you will keep preparing.

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July 17, 2023, 09:53:16 AM
 #18

I won't sell at 40k or 60k, it's still a long way off where 100k is already a lot to look forward to in the upcoming bull.
-snip-
$100k was the ATH target that I wanted to achieve as well.
I started to buy in gradually and collect the fees from the signature campaign for the long term until the $100k target was reached.

I believe $100k is the ideal target for the next ATH.
Seeing how the Bitcoin trend is recovering and plus next year is the 4th Bitcoin Halving.

Holding Bitcoin for the long term has nothing to lose as long as you buy with money that is not used for other purposes.
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July 17, 2023, 09:56:44 AM
 #19

If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
No, it's too low even though I bought below that price but it's not our target price of $40K, by selling at that price the profit is not multiplying I want more than that then I won't sell and it's better to stay HODL.

$100K is what I want to see become an all-time price again even more than that I think, waiting for the halving is the most appropriate for now rather than selling at the end of the year now, even when the price has reached $40K I will still continue to buy bitcoin to accumulate this is still below ATH in 2021 so I think it is still a low price.

For now, keep HODL and wait for the peak.

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July 17, 2023, 10:47:36 AM
 #20

If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
It is self-evident that patience is a very important factor for an investor in the investment world.
Without patience, the goal of making a profit in investing will not be achieved.

Perhaps there will be some hesitation when the price of Bitcoin is already at $35,000. Doubts will arise at this stage where the choice between selling or not but all of that is returned to each individual to how confident in his decision behind the strategy they use.
In situations like this, patience and the ability to analyze thoroughly are needed.
Personally, when the price has reached $40,000, it is very close to the holding target that I set and it is likely that I will continue the holding target.

R


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July 17, 2023, 11:11:37 AM
 #21

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

Bitcoin is considered as the safest asset to put your money into here in crypto space, because it's value has been appreciating every year passed. However, it is still advisable to invest you what you can afford to lose because nobody knows when will bitcoin will pump again, thus your money will be considered at temporary loss especially when the market is down. It's not only the patience that will be tested when your holding bitcoin, but also your understanding about bitcoin price movement. If one is aiming for $100, he must keep his bag tight in the next at least 5 years. There' still definitely no guarantee that bitcoin will hit that mark this coming halving, which everyone is anticipating for another bull run.

R


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July 17, 2023, 11:42:26 AM
 #22

Yeah, being patient is the key. And I am considering this year and even the previous year where the market is still far compared to bullish years, a blessing in disguise where we can grind harder in order to invest more. I am not sure if bitcoin at $100k is attainable in this cycle, maybe $90k+ but still it is many times growth to our capital if we already started investing. I am doing a monthly DCA but I felt like I need more money to invest. My investment might grow 400% but this might not be that big depending on the amount we are investing. I am looking for something big, a life-changing profit is my goal this coming bull run.

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July 17, 2023, 12:34:16 PM
 #23

I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

The one thing that will break our momentum to hold until it reaches $100k is the market volatility and FUD, we never want to miss our accumulated profit, it's ok to HODL but if you keep missing your accumulated profit and you dedicated your coins to holding until reaches a specific price is not good and you are losing a lot, we have to realize our profit from time to time, this is the reason why we need to follow the chart and the market.
The theory of buy low and sell high always applies here in Cryptocurrency, it's not your dedication to making a profit in the future but to gaining a little profit when you can as the market moves from bear to bull.

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July 17, 2023, 12:56:36 PM
 #24

Listen, mate, there are mainly two types of investors. one who does short-term trading and another who invests for the long term. According to me, bitcoins are basically meant for long-term investment. If you are a short-term trader who trades more often, then alt-coins are the best thing that you can trade on. For long-term traders, the price doesn’t matter at all. We have seen bitcoins rise from literally zero and turn into a high-value digital asset. So yes, we have patience and will hold the bitcoins as long as we can. Hence, we will make the most profit out of it.

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July 17, 2023, 01:36:04 PM
 #25

Listen, mate, there are mainly two types of investors. one who does short-term trading and another who invests for the long term. According to me, bitcoins are basically meant for long-term investment. If you are a short-term trader who trades more often, then alt-coins are the best thing that you can trade on. For long-term traders, the price doesn’t matter at all. We have seen bitcoins rise from literally zero and turn into a high-value digital asset. So yes, we have patience and will hold the bitcoins as long as we can. Hence, we will make the most profit out of it.

Most long-time holders are financially capable as they can afford to wait for years without touching their coins.
They are the fortunate ones as they don't have to worry about the roller-coaster ride in the market that you can see everyday.
Also, they are mostly firm believers on this market. Because if you have no strong conviction that this market will pull off in the future,
you won't leave your funds into this market. So they are just waiting for the right timing to earn their profits.
Whereas, for short-term traders, they are after for the profits that they can get so they can turn around their initial funds.
Usually, they want a fast pace environment just like the crypto trading, because for them, waiting is vain and waste of time.
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July 17, 2023, 02:28:09 PM
 #26

The cryptocurrency business has to with a patient, if you can hold you won't be making much profit in
crypto, especially Bitcoin, base you're topic, patient is the key, which I supported.

The most abstinence is carried away motion. that's what most avoided besides being patient to achieve what we have planned. Yes. Investing in BTC is a long term investment. if we are careless and impatient, a lot of time will be wasted. and this is a game of time and phiskiologist.

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July 17, 2023, 03:40:11 PM
 #27

If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

It depends on the purpose that a hodler is hodling the coin. If you want to sell on a short time and it reaches the price of $40k, it is a good time to sell but where you want to wait for the long hull during the bull then such price wouldn't be good for sell. $100k is not a long time going by the last bull run that it got to $64k. This time, the expectation is higher than before so I'm optimistic that $100k will be easily touch after 2024.

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July 17, 2023, 04:00:27 PM
 #28

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

The bear market is always the hardest part because you just feel like the market was not moving and in most of every pump in the market there was an opposite dute it could be a good opportunity for daily traders for sure but for long-term investors this is where they HODL and just start to accumulate more bitcoin for profit waiting for Bullrun. If sure are lucky since you are able to buy bitcoin at the price of 20k$ I did buy some when the price dropped to around 15k$ which is a great buy considering the market price of bitcoin today was around 30k$.

Honestly, it was not guaranteed that the market price is going to skyrocket, but it's always great to position yourself in the market and accumulate Bitcoin while the market price is still low, It might take years before the Bull run but the Bitcoin halving event might be a good indication, I think it could trigger the market price of bitcoin for sure looking at the past halving it did trigger it, but still wasn't guarantee if it even going to reach the all-time high or even 100k$ but still it is an indication, at the end of the day no one knows so just accumulate and HODL!

.
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July 17, 2023, 04:26:20 PM
 #29

Quote from: Wiwo
First, you have been in this forum for long to know the right boards to create your topic,  because as far as I know this thread belongs to Bitcoin speculations and not the altcoin board
Simple direction, move this topic to Bitcoin speculation, which one is you have been in this forum for long, like you didn't experience newbies stage in this forum Thanks for your correction I have done that man.

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July 17, 2023, 04:27:14 PM
 #30

The cryptocurrency business has to with a patient, if you can hold you won't be making much profit in
crypto, especially Bitcoin, base you're topic, patient is the key, which I supported.
Just because it is more difficult to get instant profits in cryptocurrency, so you have to apply greater patience in the cryptocurrency business. Because every profit in cryptocurrency can only be achieved with struggle and also with enough patience so that profits can be obtained, but if there is no struggle and patience and consistency, I think no profit can be expected in the cryptocurrency business.

The most abstinence is carried away motion. that's what most avoided besides being patient to achieve what we have planned. Yes. Investing in BTC is a long term investment. if we are careless and impatient, a lot of time will be wasted. and this is a game of time and phiskiologist.
More precisely not to be carried away, but rather to be carried away by the influence of other people so that some people often use the wrong steps. Even though the steps he has prepared himself are good enough to be implemented wisely as long as he has made his own considerations and research on what he will invest. Because the name of investment is not only about time and patience, but also about money capital which can be lost when there is a correction in the market. So in addition to patience to survive in the long term, an investor must also be able to refrain from being directly influenced by what other people say.

.
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July 17, 2023, 07:01:55 PM
 #31

Patient is one of the key every BTC holders must embrace when waiting for the bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell.
To be a long-term Bitcoin holder,  one of the features you must build in yourself is how to create a motivation around the technology called Bitcoin to a point that the price at whatever time doesn't concern you any more and as long as you study and master the DCA approach to the market and holding more 60% of total investment in Bitcoin and retaining a balanced ground that will put everything in check.


Motivation for long-term holding is what guarantees long-term financial stabilities so for that it is very important to have a long-term view in mind at whatever time,  so at whatever point one needs to focus on the market,  and having a timing plan that could survive the market and economic demands on your total holding.

R


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July 17, 2023, 07:02:59 PM
 #32

The cryptocurrency business has to with a patient, if you can hold you won't be making much profit in
crypto, especially Bitcoin, base you're topic, patient is the key, which I supported.
Just because it is more difficult to get instant profits in cryptocurrency, so you have to apply greater patience in the cryptocurrency business. Because every profit in cryptocurrency can only be achieved with struggle and also with enough patience so that profits can be obtained, but if there is no struggle and patience and consistency, I think no profit can be expected in the cryptocurrency business.
There is no struggle, but it takes patience. I mean, you don't need to fight price volatility, but you just need to be more patient not to sell at a low price especially during a correction. Wait and wait and accumulate if you have more of a reserve budget it will allow you to get a return. However, you have to be quite prepared with all the consequences if one day you will be under, especially when the price is not what you want, but in the long run I believe you will get a return.

Becoming an investor is never easy if someone has no experience and doesn't know about risk management. However, every investor has a different risk tolerance so that nothing can really be used as a guideline when other people share their experiences.

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July 17, 2023, 07:31:38 PM
 #33

If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

Everyone has their target goal on when to sell their bitcoin after holding for a long time. Patience is indeed required to make that happen overtime. When one builds the virtue of patient in them while investing, they’ll reap a good reward when the price begins to move upward above their invested capital price value.

Bitcoin reaching the $100K price will undoubtedly come to pass but one has to exercise patient and control their emotions over market volatility before they’ll eventually hit that target.

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July 17, 2023, 08:09:03 PM
 #34

If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
Some investors will sell - but I'm pretty sure I won't. Given the volatility of bitcoin prices - selling your bitcoin at $40k can never be considered a mistake. The price could have corrected for a number of reasons - it was like today that the bitcoin price almost touched $29,600.

This strategy can be used to build your portfolio, especially in an effort to increase the amount of bitcoin you hold. But I also believe that - if you are patient in the long term then you will get bigger returns. Remember this one - there will be selling along the way if investors and traders profit from the price increase even if the price doesn't touch $100k.

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July 17, 2023, 08:15:34 PM
 #35

Regardless of the word patience or whatever it is I just want to enjoy my journey in bitcoin without any distractions.
Currently, many say about patience but I don't really care about whatever it's called the most important thing is that I am in bitcoin and I am happy to live it regardless of whether it includes patience or not I don't really care about it.
At the moment I am just sticking to my choice and I still think my choice in being in bitcoin is correct. for other things I don't really care about it.
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July 17, 2023, 09:03:35 PM
 #36

If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

This is very personal and depends on individual goal. Right now some people are selling already because they've reach their own target while people who are aiming higher and ready to endure are buying till this moment. The goal is to hold till it reaches and surpass previous ATH but this goal some is unrealistic for some holder due to some unforseen circumstances and force them to sell. In such situations, we can not say this people are not patience enough. The goal is to make profit no matter how little. When to sell depends on how satisfactory you are with the profit. It won't happen but don't be surprise when you wake up tomorrow and see bitcoin at 100k  Grin don't presume too long years before it can hit the most anticipated 100k.

R


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July 17, 2023, 09:28:24 PM
 #37

Any cryptocurrency investor always have it way of making profit during long term investment or short term investment, i believe that short term investment is the kind of investment that we should said that the investors need patient during the investment, but for the aspect of someone who is into long term investment have already programmed it time when the investment will due for harvesting, many people who lose during investment it's because of inability to know when. Their investment is short term neither long term investment, when you know your investment duration and plans you will be not be desperate or inquisitive to sell when the market is on bearish.

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July 17, 2023, 09:55:23 PM
 #38

We've got this idea and hoping that Bitcoin will soar high again. Most of us are looking forwards to seeing the price of Bitcoin reach $100k, in fact, many speculations that it was possible and so some people had choose to hold waiting for the moment. Well, maybe I was not that kind of holder nor I can't say that I was impatient but for me, I hold for some reason, not just to wait for that price to come. If ever the price will reach $75k, I will sell them right away because it was indeed a great opportunity for me, as we can't assure what will happen next. Buying at $30k and then selling at $75k, I doubled the price already which is enough for me.

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July 17, 2023, 10:18:22 PM
 #39

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
... Why bother selling? Just keep hodling imo. I don't think we'd see the market go below $25k anymore, at least for the next half a year anyway. And since halving is next year, we'd probably see a pretty steady movement of the market till the following year, where according to past halvings, the point in time where price suddenly booms up. I certainly wouldn't sell at $40k, I'd probably wait till next year at the very least before judging whether to sell or not. A glad development if it goes up though, probably means there's higher chances of going higher than the last ATH.

R


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July 17, 2023, 10:22:36 PM
 #40

We've got this idea and hoping that Bitcoin will soar high again. Most of us are looking forwards to seeing the price of Bitcoin reach $100k, in fact, many speculations that it was possible and so some people had choose to hold waiting for the moment. Well, maybe I was not that kind of holder nor I can't say that I was impatient but for me, I hold for some reason, not just to wait for that price to come. If ever the price will reach $75k, I will sell them right away because it was indeed a great opportunity for me, as we can't assure what will happen next. Buying at $30k and then selling at $75k, I doubled the price already which is enough for me.
Having patience is always good, but we should have some target as we don't know to what extent the market will be bullish. Bitcoin to reach $100k is really possible and this prediction is found since the days of previous halving. Lets see whether this could happen with the upcoming halving. For long term investor it is a must to have patience. To me the holding isn't that big to experience a massive change when the price reach $100k+ and for the same when I was in need I prefer selling it unlike the price.

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July 17, 2023, 10:47:07 PM
 #41

A watched kettle never boils.  Laws of physics may wish to dispute this theorem but the idea is your attention is misspent expecting more to happen in proportion to your personal attention.
   Easy fix to this problem is dont lower your chart to anything below a monthly bar.  Even the weekly bars are quite speculative if you consider every week we end that closing price for the bar on a Sunday with only really Japan trading its main market hours for Bitcoin price and the rest of the world is sleeping on it.  Probably is true an entire month has to occur before a price is run around and traded in multiple parts of the globe by all the varied participants in BTC.
   A good price takes time and alot of patience is surprisingly a large part of BTC success, this is a new asset but old in its accumulation of momentum in gains being quite slow I think.   We do have many people tracking the 200 week average, I dont discuss that time frame MA with any other sector really just here.

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July 17, 2023, 11:13:27 PM
 #42

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
We do have our own takings and perceptions towards our investment and if we do believe that Bitcoin could give us out that huge profits then its up to your choice whether you would be holding for long or would really be
making out some engagement some altcoins or whatever you would really be taking into because not all would really be that sticking into one spot but would rather they would really be preferring on things on which they could really be able to take advantage when the bull run time comes. We do know that we cant really tell on what the future looks like. We do know that everything would really be random and there's no assurance for it to happen and when it comes on taking risks then it would really be just depending on you because not all would really be that having that risk taker kind of mindset on which they do really wants to play safe
and not taking so much risks and this is why when it comes to results then it would really be lesser compared to those who had risks a lot.

R


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July 17, 2023, 11:52:14 PM
 #43

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
... Why bother selling? Just keep hodling imo. I don't think we'd see the market go below $25k anymore, at least for the next half a year anyway. And since halving is next year, we'd probably see a pretty steady movement of the market till the following year, where according to past halvings, the point in time where price suddenly booms up. I certainly wouldn't sell at $40k, I'd probably wait till next year at the very least before judging whether to sell or not. A glad development if it goes up though, probably means there's higher chances of going higher than the last ATH.
Any one who have investment plan will not be curious to sell out it's when is not due, because they have a target, because what I understand from my perspective is that those who sell their coin at a point where by they heard information that Bitcoin is experiencing a bearish, they are not investors and if they should be investor, they are short term investors from my perspective, a short term investors are the ones who always be curious to sell when they obtain a negative information of crypto market.

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July 18, 2023, 03:09:31 AM
 #44

It will even take time for the price to reach $40k in my opinion, and there isn't a lot of time until we reach the next month, so we shouldn't really be expecting such high gains every month since we are not in the bull run as of now. And Bitcoin might or might not hit $100k this bull season, everything depends on the demand and how much money investors pour in during or before the bull run to fuel the price up, but it is a very high target.

A reasonable target for the bull run this time would be maybe around $80k or something because the previous all-time high was $69k and the price will surely first need to reach there and then it will go above it, so for the price to reach $69k first it would take a lot of demand and investments.

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July 18, 2023, 03:28:49 AM
 #45

If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon.
Indeed. Only hodlers who can stand holding their Bitcoin for long and won't be discourage even the market turn bearish are the ones who can gain huge in time. However, if you're a weak investors that are easily affected by the correction, it's expected to sell at loss due to panic.

If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
Many investors have their own set target price to sell and it's not surprising if majority prefer to sell at much higher price. At $40k, I might take profit to enjoy my gains but won't sell it all. I'm optimistic for the future of Bitcoin so it would be wise to keep holding.

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July 18, 2023, 04:42:48 AM
 #46

I won't sell at 40k or 60k, it's still a long way off where 100k is already a lot to look forward to in the upcoming bull.
-snip-
$100k was the ATH target that I wanted to achieve as well.
I started to buy in gradually and collect the fees from the signature campaign for the long term until the $100k target was reached.

I believe $100k is the ideal target for the next ATH.
Seeing how the Bitcoin trend is recovering and plus next year is the 4th Bitcoin Halving.

Holding Bitcoin for the long term has nothing to lose as long as you buy with money that is not used for other purposes.

Our goal is the same that 100k is the most realistic price to touch in the coming halving, and well that is my target.
Good management of the signature campaign fees saved some for HOLD, some I used for casino but never reached 20%.

I see every 4-year cycle bitcoin always breaks records, but I never see where that cycle bitcoin even goes down, so that is the belief after the halving occurs there will be a bigger trend to explode the price of bitcoin to the highest.

R


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July 18, 2023, 07:09:21 AM
 #47

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell.
that is what true Holders and investors do , Bitcoin should be holding for at least couple of years not unless you are using this as mode of payments and transacting.
Quote
I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come.
that is good about bitcoin if we are a believer then in time sometimes not even taking a year before we taste the fruit of our investments.
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If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
if you can your self as Holder then you must endure the situation and all the situation to come before these day come.

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July 18, 2023, 08:16:41 AM
 #48

Well yes it is important to be patient. It is like this for all investing, and Bitcoin investing is not any different. We can not listen to the fomo and fud and if we do we take the risk of missing out on large profits. It is better to just hodl and wait for the next 'bull run'.
But we do not know when this will be. I wish I could say we are in the beginning of a 'bull run' because I predicted by now that we would see it. But to be honest I think this is not even the start of our next run.
There is lots of sideways movement which does not define a 'bull market'.  Up to 31,000 then again back down to 29,500 we have been seeing. When our next 'bull run' is set to start we can only hope its soon.

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July 18, 2023, 09:48:03 AM
 #49

I won't sell at 40k or 60k, it's still a long way off where 100k is already a lot to look forward to in the upcoming bull.
-snip-
$100k was the ATH target that I wanted to achieve as well.
I started to buy in gradually and collect the fees from the signature campaign for the long term until the $100k target was reached.

I believe $100k is the ideal target for the next ATH.
Seeing how the Bitcoin trend is recovering and plus next year is the 4th Bitcoin Halving.

Holding Bitcoin for the long term has nothing to lose as long as you buy with money that is not used for other purposes.

Our goal is the same that 100k is the most realistic price to touch in the coming halving, and well that is my target.
Good management of the signature campaign fees saved some for HOLD, some I used for casino but never reached 20%.

I see every 4-year cycle bitcoin always breaks records, but I never see where that cycle bitcoin even goes down, so that is the belief after the halving occurs there will be a bigger trend to explode the price of bitcoin to the highest.

Historically, we will have a new ATH after the halving, but have you both thought about the case where bitcoin does not go up, and there is no bull market after the halving? It happened in the past, but there is no guarantee that things will always repeat as we think. If we had no bull season, no ATH, what would you both do with your bitcoins? I am not pessimistic and do not spread FUds, but there will always be bad situations that we need to consider. As for me, I still have a lot of hope in ATH, but I won't put all my faith in it.

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July 18, 2023, 09:52:52 AM
 #50

I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
The one thing that will break our momentum to hold until it reaches $100k is the market volatility and FUD, we never want to miss our accumulated profit, it's ok to HODL but if you keep missing your accumulated profit and you dedicated your coins to holding until reaches a specific price is not good and you are losing a lot, we have to realize our profit from time to time, this is the reason why we need to follow the chart and the market.
The theory of buy low and sell high always applies here in Cryptocurrency, it's not your dedication to making a profit in the future but to gaining a little profit when you can as the market moves from bear to bull.
I honestly feel like I do not care about the market when I am holding, like it doesn't matter at all what the current price is. Maybe that's just me but that doesn't mean that we are going to be doing fine. I know that it is going to be a big deal if people ended up doing something else, but that's just how it is and that's how it all works.

We are going to end up with a trouble one way or another but that doesn't mean that we can't do anything bigger. I feel like whatever the current price is, at any given moment, in the future it will be higher and that's the type of mindset that allows me to hold with ease. I have held during 2018 and I have held during 2022 as well, which proves that holding is easy for me.

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July 18, 2023, 10:48:44 AM
 #51

No matter how hard it is, we have to be able to hold the Bitcoin until the bull season comes so we can sell Bitcoin at the next highest price. And we can also increase the amount of Bitcoin we have today by buying it regularly before the price increases. With frequent price fluctuations, we have more opportunities to buy Bitcoin at low prices.

If the Bitcoin price has reached $40k, I don't want to sell the Bitcoin yet because I'm still waiting for the price to go above $60k. And if the price does touch $100k, that would be a good time to sell Bitcoin, even though it may still go over $100k. And right now, I don't care about the price going up and down and constantly changing because I use a schedule to buy Bitcoin.

The important thing is that we can take every moment in the market to our advantage to take advantage of it when the bull season comes. Everyone who already has Bitcoin wants to sell it at the highest price; we have to be patient and hold on to it until the highest price comes.

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July 18, 2023, 01:08:18 PM
 #52

I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come.
So, you're speculating that price will dump below $20k from its current level now? I doubt if that will happen because the fundamentals seem to be favouring Bitcoin at this time. We're almost getting to the end of the year and next year is halving, we know how prices spikes because of that. Anything that will cause Bitcoin to dip won't drag it to that point of $20k. I'm certain of that and will be shocked if that happens.

Quote
If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
I believe that the next ATH will even surpass $100k, let alone $40k. I won't advise anyone to sell off their Bitcoin before halving except it's for settling an emergency issue. My projection is that Bitcoin won't do anything below $120k then.

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July 18, 2023, 02:03:33 PM
Last edit: July 18, 2023, 02:21:59 PM by taufik123
 #53

If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
I believe that the next ATH will even surpass $100k, let alone $40k. I won't advise anyone to sell off their Bitcoin before halving except it's for settling an emergency issue. My projection is that Bitcoin won't do anything below $120k then.
We just need to be patient and wait until next year to reach $100k ATH.
But for those who don't believe in it and are afraid that the price will continue to fall, then no one will force them to hold.

The 4th Halving will be a highly anticipated moment, Look at how successful the previous Halving was, and hopefully success will also be experienced in the 4th Halving.
We will soon arrive and have to be prepared with some Bitcoin assets on hold and maybe some of the top altcoins can have a positive impact and provide more profit.
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July 18, 2023, 04:16:50 PM
 #54

Quote from: Kelvinid
We've got this idea and hoping that Bitcoin will soar high again. Most of us are looking forwards to seeing the price of Bitcoin reach $100k, in fact, many speculations that it was possible and so some people had choose to hold waiting for the moment.
So if the price of BTC reach $60k in 30 years, you will not sell your BTC? Don't you know that many people will sell and save the money and wait for the price to decrease before they can buy again to wait for another bull, and before that 30 years the price of BTC will reach $100k he or she has made a huge amount of money. What about some bad happen that may lead to death, but we don't pray for such thing to happen but is a something that can come at anytime as long we are human, and you know that many BTC holders don't use to share their wallets detail to their children, wife or husband based on past experiences, so if you hold like 25 years hoping that the price will reach $100k and the price manage to hit $65k and you continue holding and something happen, what do you think will happen to your money.

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July 18, 2023, 04:23:42 PM
 #55

It will even take time for the price to reach $40k in my opinion, and there isn't a lot of time until we reach the next month, so we shouldn't really be expecting such high gains every month since we are not in the bull run as of now. And Bitcoin might or might not hit $100k this bull season, everything depends on the demand and how much money investors pour in during or before the bull run to fuel the price up, but it is a very high target.

Right now the price plunge below $30k, I do think that $30k is a big support, but I guess as round numbers, it's going to be very hard to maintain it because there are speculators around who might be the one selling at that price.

A reasonable target for the bull run this time would be maybe around $80k or something because the previous all-time high was $69k and the price will surely first need to reach there and then it will go above it, so for the price to reach $69k first it would take a lot of demand and investments.

For me conservative estimates could be around $100k. But I have nothing against your prediction, because we really don't know what the price could be in the future. All our targets though could be higher than the previous all time high, so it means that the next bull run will be bigger, in my opinion.

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July 18, 2023, 04:49:36 PM
 #56

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

It's a good time to HODL since we can already see the momentum of the market, from the past months around 15k$ all the way to 30k$ is not that bad its already a decent movement and a lot of investors are getting the hype because of this movement, I mean we all believed on Bitcoin and surely a lot of us are waiting for the Bullrun because that just where the profit is, I invested on Bitcoin when the price drop around 15k$ I was lucky last Bullrun since I sold around the all-time high probably around 65k$ around that I sold my Bitcoin and now I did reinvest some of my holdings already and spent some of it as well on other investments and assets, etc.

Since I bought at the bottom I have a lot more room to risk my investments because for sure when the market skyrockets and it already surpasses an all-time high FOMO could easily and hype could easily scared the market in the end, we know the risk of cryptocurrency most of the time it's a big bubble it could easily skyrocket its market price but at the same time it could easily crash. I was planning to sell for around 100k$ or probably around that price, but for sure I not going to sell it all, I'm going to sell by a percentage every time the market price pump with the I can lower the risk and get the opportunity to reinvest in case the market didn't continue to pump.

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July 18, 2023, 07:06:30 PM
 #57

If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

I can't be holding Bitcoin since 2022 and then sell for just $40,000 when I can hold for few more months and sell at $100,000 or above that price and make very big profits. Bitcoin trading at $100,000 won't take very long years, my bet is maximum 2years and few more months.

As a cryptocurrency investors, you must developed patience or you'll miss out on various opportunity to make profits from the market. If you're investing in Bitcoin you have to have patience as only those who are willing to have patience enjoy big profits from the market.

The impatience ones will always buy from the patience investors as the price of Bitcoin will keep increasing after the bear market so instead of panicking during this period, you should be accumulating more Bitcoin in preparation of the future price pump that'll be coming

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July 18, 2023, 07:07:42 PM
 #58

People are successful in crypto due to their patience and if you don't have any patience then leaving at time will be good for you rather than lossing all amount of cash.

You have bought bitcoin at 20k$ and now you have more profit but I will suggest that you should wait more because few months remains for next Bull run which can give you more profit.

I think no one will sell their bitcoin if bitcoin price goes to 40k$ next month because everyone is waiting for period of halving which will give more profit than 40k$ so I think you should also wait more as its not a greed but you should have the knowledge about previous history of Bull run and next bull season will occur next year for which everyone is waiting.









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flyingcarpet
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July 18, 2023, 09:32:14 PM
 #59

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

Everyone has a different selling point. Some will sell their Bitcoins at 40k, others won't sell until they reach 100k. There are some who won't sell at all. When you enter the Bitcoin world and spend a certain amount of time, it becomes difficult to sell Bitcoin. Because you are afraid of not being able to buy it again after selling it. If you have enough money to live on, you should wait without selling your Bitcoin. Most people do this and dream about the levels bitcoin will go to. And this dream will come true.
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July 18, 2023, 10:32:58 PM
 #60

Quote from: Kelvinid
-snip-
So if the price of BTC reach $60k in 30 years, you will not sell your BTC? Don't you know that many people will sell and save the money and wait for the price to decrease before they can buy again to wait for another bull, and before that 30 years the price of BTC will reach $100k he or she has made a huge amount of money. What about some bad happen that may lead to death, but we don't pray for such thing to happen but is a something that can come at anytime as long we are human, and you know that many BTC holders don't use to share their wallets detail to their children, wife or husband based on past experiences, so if you hold like 25 years hoping that the price will reach $100k and the price manage to hit $65k and you continue holding and something happen, what do you think will happen to your money.
I understand what you're worried about - but every investor or holder has probably thought of their own way out including inheritance.

If you can be a bitcoin holder for over 3 decades - then why don't you? The problem here is not when you take profits - but how you manage the risk of your investment as long as you don't want to sell it for financial or other reasons. It's true that it's always good to sell at a profit instead of holding on forever - but all of us are not the same.

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Hamphser
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July 18, 2023, 10:40:07 PM
 #61

Quote from: Kelvinid
-snip-
So if the price of BTC reach $60k in 30 years, you will not sell your BTC? Don't you know that many people will sell and save the money and wait for the price to decrease before they can buy again to wait for another bull, and before that 30 years the price of BTC will reach $100k he or she has made a huge amount of money. What about some bad happen that may lead to death, but we don't pray for such thing to happen but is a something that can come at anytime as long we are human, and you know that many BTC holders don't use to share their wallets detail to their children, wife or husband based on past experiences, so if you hold like 25 years hoping that the price will reach $100k and the price manage to hit $65k and you continue holding and something happen, what do you think will happen to your money.
I understand what you're worried about - but every investor or holder has probably thought of their own way out including inheritance.

If you can be a bitcoin holder for over 3 decades - then why don't you? The problem here is not when you take profits - but how you manage the risk of your investment as long as you don't want to sell it for financial or other reasons. It's true that it's always good to sell at a profit instead of holding on forever - but all of us are not the same.
When it comes to financial status then each one of us would really be different. Let those people who do tend to hold like forever or long years then they are those people who do have other income source on which they

wouldn't really bother about their Bitcoin investment or crypto if ever it would really be going into the ground since they do have other sources on which they could be able to sustain on which this is something that would really be that an issue for those people who are really that relying with their crypto investment and this is why they would really be making those immediate steps on the time that they do saw that they are making profits or having those gains on which they would really be normally be selling out their coins for profits and rinse and rpeat.

Patience is something that would really be a behavior which is mostly that would be applied into this investment specially on crypto specially into those coins or projects which does really have that potential.
If you are really that impulsive when it comes to your emotion then crypto market isnt really for you because you would most likely be keeping on committing mistakes because of sudden
changes of price and same as with your emotions.

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taufik123
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July 19, 2023, 10:13:41 AM
 #62

-snip-
Patience is something that would really be a behavior which is mostly that would be applied into this investment specially on crypto specially into those coins or projects which does really have that potential.
If you are really that impulsive when it comes to your emotion then crypto market isnt really for you because you would most likely be keeping on committing mistakes because of sudden
changes of price and same as with your emotions.

Patience is a measure of a person's ability, where they can survive and not panic with the fluctuating state of the crypto market.
If they are able to withstand various shocks, then they will be able to hold until the ATH is reached, but will they hold for life?
of course, it will not be recommended, because there must be a highest target to sell.

And those who are truly impulsive will continue to be affected because their emotions are unstable.
Price drops become emotional turmoil that will affect their investment.

When prices crash they will try to sell, not buy to add to their assets. But when Fomo happens they start to want to buy.
Things will get messy and people like this will not be able to adapt to the volatile crypto market. 
uswa56
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July 19, 2023, 11:26:54 AM
 #63

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
After what happened to the Bitcoin price in the past, I have no doubt that patience with holding Bitcoin will bear sweet results, especially if we are able to be patient for a long period of time for the next few years, I'm sure the target will be achieved.
But apart from that, like what you did was right and now you can relax more because no matter what happens you still benefit if you sell it now, being able to buy at 20k is a big advantage and I agree with you that it is better to hold in a longer timeframe to wait for the price of 100k, it will be reached even if in a slightly longer timeframe.
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July 19, 2023, 02:22:29 PM
 #64

The best key when we want to profit in bitcoin investment is to always be patient, as long as we can be patient then we can get profit, if we want to get short term profits then the easiest thing we do is sell on spot exchanges then we set the price as desired or target profit what we want.


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Silberman
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July 19, 2023, 07:36:36 PM
 #65

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

Everyone has a different selling point. Some will sell their Bitcoins at 40k, others won't sell until they reach 100k. There are some who won't sell at all. When you enter the Bitcoin world and spend a certain amount of time, it becomes difficult to sell Bitcoin. Because you are afraid of not being able to buy it again after selling it. If you have enough money to live on, you should wait without selling your Bitcoin. Most people do this and dream about the levels bitcoin will go to. And this dream will come true.
As we know bitcoin reevaluates itself after each halving as miners are getting less and less bitcoin for each block they mine, and they have to sustain themselves so they cannot do anything but to try to sell their coins for a higher price, and with the increase on the awareness and the level of adoption that we see each year then the price of bitcoin increases even further, and as such it makes no sense at all to sell our coins and instead we should use our fiat instead, and this is especially true now that we are getting closer to the halving.
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July 19, 2023, 09:17:07 PM
 #66

I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
In the same way that many people would prefer to wait until the price of bitcoin reaches $100k before they sell their bitcoin, many others would prefer to sell their bitcoins before it reaches that price. Nobody can predict when or how long it will take for bitcoin to reach $100,000. Both 2024 and 2025 are possible due to the previous ATH of bitcoin being $68,000, as expected the coming bull run should be above the previous bull run. Although $100k is just a speculative price because the future price of bitcoin is unknown to us all during the 2024 bull run. 

Each of us, I suppose, has a specific price they would like to sell their bitcoins for during the next year's bull run. Depending on how my needs are at that time, I intend to sell some of my bitcoin for a price of $80k.

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Hamphser
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July 19, 2023, 10:33:55 PM
 #67

-snip-
Patience is something that would really be a behavior which is mostly that would be applied into this investment specially on crypto specially into those coins or projects which does really have that potential.
If you are really that impulsive when it comes to your emotion then crypto market isnt really for you because you would most likely be keeping on committing mistakes because of sudden
changes of price and same as with your emotions.

Patience is a measure of a person's ability, where they can survive and not panic with the fluctuating state of the crypto market.
If they are able to withstand various shocks, then they will be able to hold until the ATH is reached, but will they hold for life?
of course, it will not be recommended, because there must be a highest target to sell.

And those who are truly impulsive will continue to be affected because their emotions are unstable.
Price drops become emotional turmoil that will affect their investment.

When prices crash they will try to sell, not buy to add to their assets. But when Fomo happens they start to want to buy.
Things will get messy and people like this will not be able to adapt to the volatile crypto market. 

And this is where realization kicks in on the time that they have seen or realized that the decisions they had made earlier wasnt really that ideal or really that good considering on buying when the market starts to FOMO   
and not on the time that the market do make out some crash on which i could say that this is the best time for you to enter on this kind of situation not not on an increasing market price or value which we know that potential profits would really be mainly affected specially if you are really that longing on trying out to maximize that profitability of yours. You should really be that wise on when you would really be starting to get in.
The important thing on here is that you shouldn't really make yourself in a rush because not everything would really be going on that path.

Emotions is a big problem if you cant be able to control it but with due experience and real engagement then it would be somewhat at least will really be patching up that lacking of yours
on which in the time that you are already having that significant experience then it would really be truly and advantage for you specially on this space.

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July 20, 2023, 03:07:20 AM
 #68

-snip-
Each of us, I suppose, has a specific price they would like to sell their bitcoins for during the next year's bull run. Depending on how my needs are at that time, I intend to sell some of my bitcoin for a price of $80k.
Once you have set a standard price at which you need to sell, that is the target you should aim for.
No matter what the market is like in the long run $80k is the one that cannot be changed.
Do not be affected when the hype occurs but has not touched the price you are targeting.


-snip-
The important thing on here is that you shouldn't really make yourself in a rush because not everything would really be going on that path.

Emotions is a big problem if you cant be able to control it but with due experience and real engagement then it would be somewhat at least will really be patching up that lacking of yours
on which in the time that you are already having that significant experience then it would really be truly and advantage for you specially on this space.

Keep calm and go with the flow of the market, don't fight it.
The path is not always the same but the goal will definitely be the same.
Managing emotional stability will give you more benefits.
Long-term requires strong confidence, do not just because the bull run arrived you break your profits, even below the target you are aiming for.

Experience will indeed provide a warning so as not to make some of the same mistakes.
As the saying goes Experience is the best teacher that will teach you not to fall into the same hole.
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July 20, 2023, 03:24:03 AM
 #69

Keep calm and go with the flow of the market, don't fight it.
The path is not always the same but the goal will definitely be the same.
Managing emotional stability will give you more benefits.
Long-term requires strong confidence, do not just because the bull run arrived you break your profits, even below the target you are aiming for.

Experience will indeed provide a warning so as not to make some of the same mistakes.
As the saying goes Experience is the best teacher that will teach you not to fall into the same hole.

Many things happen like that. Btw, one more thing, don't be tempted, sir. even though she's so pretty (Like a meme coin). yeah Right advice. We have to study the main stream and follow where it will go and flow, if we fight against it it's like hitting a train.
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July 20, 2023, 04:52:47 AM
 #70

With the number of users continuing to increase, it makes us have good hopes that the future of bitcoin will be bright, this is because more and more people are curious and interested in investing in bitcoin even though there are still many countries that are banned, another thing is the presence of social media which makes it easy for anyone looking for information about the most profitable types of investment.


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Mame89
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July 20, 2023, 05:20:37 AM
 #71

Indeed, patience is simple, but it is very difficult to practice it every minute and even seconds, there are many temptations at its core. The most important thing for successful investing is patience. Therefore we must have a short-term or long-term investment goal first, the important thing is don't aim to get rich quickly. however investment must be patient, have a strong commitment, and keep trying to stay calm when the market fluctuates.

If the price of BTC reach $40k next month will you sell?
Of course not, because my goal is long-term.

Quote
I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
I believe the newest ATH will be $100k, I feel this is the ideal price to score a new ATH. Especially if you look at Bitcoin's history in the past and the fourth halving will occur next year. then it's not impossible it doesn't take a long time to make dreams come true.

R


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Dave1
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July 20, 2023, 08:12:57 AM
 #72

With the number of users continuing to increase, it makes us have good hopes that the future of bitcoin will be bright, this is because more and more people are curious and interested in investing in bitcoin even though there are still many countries that are banned, another thing is the presence of social media which makes it easy for anyone looking for information about the most profitable types of investment.

Are your referring to the global adoption? yeah, year by year the numbers are growing obviously. As more people are getting interested on it and so they invest which means that the ecosystem will continue to flourish.

And as the title suggest, we need more patience, it's been a bear and bull market here. So far we are still in the bear market so the price is just so-so. But at least we are not seeing any lowest low. We have bounce back already, but there could be more in the next bull run, new ATH for us that's for sure. So we need to wait more and endure this bear market for now.

R


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sana54210
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July 20, 2023, 05:29:39 PM
 #73

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
After what happened to the Bitcoin price in the past, I have no doubt that patience with holding Bitcoin will bear sweet results, especially if we are able to be patient for a long period of time for the next few years, I'm sure the target will be achieved.
But apart from that, like what you did was right and now you can relax more because no matter what happens you still benefit if you sell it now, being able to buy at 20k is a big advantage and I agree with you that it is better to hold in a longer timeframe to wait for the price of 100k, it will be reached even if in a slightly longer timeframe.
If you can wait a long time then it is almost guaranteed that you are going to make some profit with bitcoin, that's a very important thing and should be considered a lovely return to profit as well. I am not saying that you can't make profit quickly, there are some people who does, but that's not going to be that easy.

This is why it's quite important that you end up making a profit long term but also work towards figuring out how to make a profit short term as well. If you can make a profit short term then it means that you are ready to become a trader, but if not, while you are still learning it, your long term investment will cover the losses you make there. This is why always put less money into short term, and more money into long term.
Davian144
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July 20, 2023, 07:18:05 PM
 #74

With the number of users continuing to increase, it makes us have good hopes that the future of bitcoin will be bright, this is because more and more people are curious and interested in investing in bitcoin even though there are still many countries that are banned, another thing is the presence of social media which makes it easy for anyone looking for information about the most profitable types of investment.
The curiosity and interest of some people who haven't invested in Bitcoin at all at this time is still there so that this is still an influence for the continued increase of interest in Bitcoin which can also cause the price of Bitcoin to be saved at a better level as it is today. So obviously it's still very reasonable to put greater hope in Bitcoin as long as the belief of many people can continue to grow to have Bitcoin in the long term which will be considered as an investment for them.
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July 20, 2023, 08:37:37 PM
 #75

With the number of users continuing to increase, it makes us have good hopes that the future of bitcoin will be bright, this is because more and more people are curious and interested in investing in bitcoin even though there are still many countries that are banned, another thing is the presence of social media which makes it easy for anyone looking for information about the most profitable types of investment.
The curiosity and interest of some people who haven't invested in Bitcoin at all at this time is still there so that this is still an influence for the continued increase of interest in Bitcoin which can also cause the price of Bitcoin to be saved at a better level as it is today. So obviously it's still very reasonable to put greater hope in Bitcoin as long as the belief of many people can continue to grow to have Bitcoin in the long term which will be considered as an investment for them.

What supports the future of bitcoin the most is the increased adoption and growth of users in various countries. From day to day the growth of bitcoin users continues to increase regardless of the purpose, in fact I really believe that bitcoin will be increasingly recognized by most people when the governments of major countries start adopting it as a means of payment.

The more people talking about bitcoin, the more likely it is for bitcoin to grow and gain a large number of users. Bitcoin is a currency so when they know what it is used for then of course they will use it instead of just fiat.

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July 20, 2023, 09:59:28 PM
 #76

Many things happen like that. Btw, one more thing, don't be tempted, sir. even though she's so pretty (Like a meme coin). yeah Right advice. We have to study the main stream and follow where it will go and flow, if we fight against it it's like hitting a train.
LOL, meme coins are pretty ugly, and won't be interested in going deeper.
Following the mainstream is like following where it flows but don't get swept away, that would be more dangerous.
Fighting back doesn't mean crashing, it's a precaution to stay safe.

-snip-
The more people talking about bitcoin, the more likely it is for bitcoin to grow and gain a large number of users. Bitcoin is a currency so when they know what it is used for then of course they will use it instead of just fiat.
Bitcoin is growing with many users because Bitcoin is widely known, but to become a currency it is still a difficult thing.
Government regulation is the strongest fortress as a barrier.
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July 20, 2023, 10:43:19 PM
 #77

I was told that during in cryptocurrency investment that for we to achieve and plans for investment in cryptocurrency we most have a budget and also exercise patients in any of the investment of cryptocurrency and when we rush the investment we are going to lose and we have to be careful for the kind of investment we are going to involve ourselves in cryptocurrency, so I believe that with trust and not to be in hurry you will make a profit in long term investment of cryptocurrency depending the coin you are investing for, either bitcoin or altcoins

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July 21, 2023, 02:16:02 PM
 #78

I was told that during in cryptocurrency investment that for we to achieve and plans for investment in cryptocurrency we most have a budget and also exercise patients in any of the investment of cryptocurrency and when we rush the investment we are going to lose and we have to be careful for the kind of investment we are going to involve ourselves in cryptocurrency, so I believe that with trust and not to be in hurry you will make a profit in long term investment of cryptocurrency depending the coin you are investing for, either bitcoin or altcoins
Investing in cryptocurrency, like any other investment does not imply a quick profit. You will still need to wait for your plan to work. You can say that you are lucky if the profit happens quickly and you bought coins at the bottom. But if the bear market is not over yet and you bought coins at a high price, you will have to wait long and nervously. Especially since not all coins recover.

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doomloop
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July 21, 2023, 02:31:39 PM
 #79

With the number of users continuing to increase, it makes us have good hopes that the future of bitcoin will be bright, this is because more and more people are curious and interested in investing in bitcoin even though there are still many countries that are banned, another thing is the presence of social media which makes it easy for anyone looking for information about the most profitable types of investment.
Though social media does play a great role in the adoption of cryptocurrencies, it also has a lot of negative effects as well such as there are a lot of scammers on social media platforms these days since they know people are crazy about cryptocurrencies and are always looking for ways to earn money online through cryptocurrencies and online investments, so scammers use these things in their favor and create phishing sites and create scam investment platforms to take away the hard-earned money of newbies.

The future of Bitcoin and cryptocurrencies will surely be bright because they are getting more and more popular over time, so there will surely be one day when the whole world would want to take part in the crypto revolution and own a lot of cryptocurrencies, especially the top ones like BTC and ETH.

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July 21, 2023, 03:06:37 PM
 #80

With the number of users continuing to increase, it makes us have good hopes that the future of bitcoin will be bright, this is because more and more people are curious and interested in investing in bitcoin even though there are still many countries that are banned, another thing is the presence of social media which makes it easy for anyone looking for information about the most profitable types of investment.
Though social media does play a great role in the adoption of cryptocurrencies, it also has a lot of negative effects as well such as there are a lot of scammers on social media platforms these days since they know people are crazy about cryptocurrencies and are always looking for ways to earn money online through cryptocurrencies and online investments, so scammers use these things in their favor and create phishing sites and create scam investment platforms to take away the hard-earned money of newbies.

The future of Bitcoin and cryptocurrencies will surely be bright because they are getting more and more popular over time, so there will surely be one day when the whole world would want to take part in the crypto revolution and own a lot of cryptocurrencies, especially the top ones like BTC and ETH.

That Correct Sir @doomloop, But, I personally want to say that the future of crypto will always be bright. they are just small ripples in this ocean. myself, if there is a notification on my telegram channel where they share links about trading signals by attaching proof of WD transfer to their users. just smile and my next action is to block the user permanently. This means that nothing is easy in making money. much is required of us.
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July 21, 2023, 03:07:34 PM
 #81

If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
Patience possessed by Bitcoin holders because it is based on adequate awareness. Bitcoin holders who set targets when to sell are said to be people who understand Bitcoin.
When analyzed Bitcoin has the opportunity to reach a price of $40k next month, it is not certain that the holder will sell. It is likely that it will continue to be maintained until it can pass the previous ATH price even though you have to wait for an even longer time.

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July 21, 2023, 03:57:47 PM
 #82

Investing in cryptocurrency, like any other investment does not imply a quick profit. You will still need to wait for your plan to work. You can say that you are lucky if the profit happens quickly and you bought coins at the bottom. But if the bear market is not over yet and you bought coins at a high price, you will have to wait long and nervously. Especially since not all coins recover.
Because here discussing bitcoin then there is no quick profit investing in bitcoin all of it takes patience long enough to produce greater, especially through its cycle, can be said to be 4/5 years, if only a few months or 1 year it is not enough in my opinion so make sure again to commit that bitcoin is for the long term, added during the bearish season then there is definitely panic and anxiety making us not calm to see the price continue to fall.

Though social media does play a great role in the adoption of cryptocurrencies, it also has a lot of negative effects as well such as there are a lot of scammers on social media platforms these days since they know people are crazy about cryptocurrencies and are always looking for ways to earn money online through cryptocurrencies and online investments, so scammers use these things in their favor and create phishing sites and create scam investment platforms to take away the hard-earned money of newbies.
Until now, there are still many platforms that offer investments in bitcoin with unreasonable returns, such as ponzi schemes and investments that offer high APY, this way they spread to some of their scammers so that more people are trapped in that investment, we must be careful otherwise the scammers will try to deceive you.

Investing is quite simple Choose a well-known Exchange, Buy and store it in a personal wallet, not on an unfamiliar platform.

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July 21, 2023, 05:08:14 PM
 #83

If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
Patience possessed by Bitcoin holders because it is based on adequate awareness. Bitcoin holders who set targets when to sell are said to be people who understand Bitcoin.
When analyzed Bitcoin has the opportunity to reach a price of $40k next month, it is not certain that the holder will sell. It is likely that it will continue to be maintained until it can pass the previous ATH price even though you have to wait for an even longer time.
Real Investors don't rush in making their decision but they go through following the plan which is why, whatever happens in the market they keep calm as they believe that the time will come to see Bitcoin rise and hit their target. It is easy, right but wondering why many people are not doing the same is because we usually influence our emotions making no good responses and easily get panic once seeing declines. And this is the reason why the volatility of the market continues but honestly, we gain benefits from this and so do these whales.

R


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July 21, 2023, 05:54:56 PM
 #84

I was told that during in cryptocurrency investment that for we to achieve and plans for investment in cryptocurrency we most have a budget and also exercise patients in any of the investment of cryptocurrency and when we rush the investment we are going to lose and we have to be careful for the kind of investment we are going to involve ourselves in cryptocurrency, so I believe that with trust and not to be in hurry you will make a profit in long term investment of cryptocurrency depending the coin you are investing for, either bitcoin or altcoins
Investing in cryptocurrency, like any other investment does not imply a quick profit. You will still need to wait for your plan to work. You can say that you are lucky if the profit happens quickly and you bought coins at the bottom. But if the bear market is not over yet and you bought coins at a high price, you will have to wait long and nervously. Especially since not all coins recover.
But sometimes you have to rush to get the opportunity to get the cheapest price, for example when bitcoin touched the price level of $ 15k last year, I think people who didn't rush to take this opportunity they really regretted it in the end, even though they got a buying price that bitcoin could pick up again at a later time.
There needs to be a strategy and seeing opportunities, and as the saying goes, whales buy when bitcoin is red and anchovies will buy when it is green, this depends on mindset and first come first serve.
To avoid anxiety, I think it's better to use the right strategy like Lump Sump or DCA, it's better than being patient without a price target and goal to take.

And yes, we need time to make a profit in this situation, you need HODL or be patient until the selling price point is targeted, use the nature of patience where you have to use it wisely.

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July 21, 2023, 06:52:43 PM
 #85

I was told that during in cryptocurrency investment that for we to achieve and plans for investment in cryptocurrency we most have a budget and also exercise patients in any of the investment of cryptocurrency and when we rush the investment we are going to lose and we have to be careful for the kind of investment we are going to involve ourselves in cryptocurrency, so I believe that with trust and not to be in hurry you will make a profit in long term investment of cryptocurrency depending the coin you are investing for, either bitcoin or altcoins
Investing in cryptocurrency, like any other investment does not imply a quick profit. You will still need to wait for your plan to work. You can say that you are lucky if the profit happens quickly and you bought coins at the bottom. But if the bear market is not over yet and you bought coins at a high price, you will have to wait long and nervously. Especially since not all coins recover.

There are times when crypto investors and traders get quick returns, but expecting it to always happen is completely impossible. Crypto price fluctuations are very erratic, so there is no guarantee that a trader or investor will get fast returns every time. Investors must of course be patient and do not rule out the possibility that they have a longer investment period than seasoned investors.

The mindset to avoid in any investment plan is, don't expect to get rich overnight, it's too hard. It takes time to get returns and each one of them has to be patient. As long as the target has not been reached, it is always good to be patient.

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July 21, 2023, 11:58:29 PM
 #86

I was told that during in cryptocurrency investment that for we to achieve and plans for investment in cryptocurrency we most have a budget and also exercise patients in any of the investment of cryptocurrency and when we rush the investment we are going to lose and we have to be careful for the kind of investment we are going to involve ourselves in cryptocurrency, so I believe that with trust and not to be in hurry you will make a profit in long term investment of cryptocurrency depending the coin you are investing for, either bitcoin or altcoins
Investing in cryptocurrency, like any other investment does not imply a quick profit. You will still need to wait for your plan to work. You can say that you are lucky if the profit happens quickly and you bought coins at the bottom. But if the bear market is not over yet and you bought coins at a high price, you will have to wait long and nervously. Especially since not all coins recover.
But sometimes you have to rush to get the opportunity to get the cheapest price, for example when bitcoin touched the price level of $ 15k last year, I think people who didn't rush to take this opportunity they really regretted it in the end, even though they got a buying price that bitcoin could pick up again at a later time.
There needs to be a strategy and seeing opportunities, and as the saying goes, whales buy when bitcoin is red and anchovies will buy when it is green, this depends on mindset and first come first serve.
To avoid anxiety, I think it's better to use the right strategy like Lump Sump or DCA, it's better than being patient without a price target and goal to take.

And yes, we need time to make a profit in this situation, you need HODL or be patient until the selling price point is targeted, use the nature of patience where you have to use it wisely.
Lots had been anticipating that the price would really be hitting up 10k on that time and even myself was really expecting to that and i had missed out on buying on that point until of that long wait i had seen that

the price is clinging back again on 20k on which it did result into that kind of thinking that there might be some pullback and would really be continuing on going down but now where we at now?  Cheesy
Starting on buying when the price is hitting 24k which its true that you cant really be able to avoid on having those doubts and anxiety on the time that we are seeing the price is going down.
DCA? Easy to say but when you are on the actual situation or condition then this is something that questionable, you cant really make yourself that too confident on these kind of moments
on which seeing the price is going down.

You would really be starting on buying on the time that you do see the price is really clinging up. You wont really be having those considerations when the price is going down
until you do realize that it is really that too late on making such move.

R


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July 22, 2023, 07:00:42 AM
 #87

I was told that during in cryptocurrency investment that for we to achieve and plans for investment in cryptocurrency we most have a budget and also exercise patients in any of the investment of cryptocurrency and when we rush the investment we are going to lose and we have to be careful for the kind of investment we are going to involve ourselves in cryptocurrency, so I believe that with trust and not to be in hurry you will make a profit in long term investment of cryptocurrency depending the coin you are investing for, either bitcoin or altcoins
Investing in cryptocurrency, like any other investment does not imply a quick profit. You will still need to wait for your plan to work. You can say that you are lucky if the profit happens quickly and you bought coins at the bottom. But if the bear market is not over yet and you bought coins at a high price, you will have to wait long and nervously. Especially since not all coins recover.

True, many people think that after buying bitcoins they will be successful and rich, this is because many people only upload profits when investing in bitcoins so that new users are interested in investing in bitcoins, when there is market turmoil and they see the facts are the opposite, they panic and sell at a loss.
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July 22, 2023, 07:42:11 AM
 #88

as a btc investor, of course you have to have the patience to wait until the btc price is high and sell it when the btc price is high.

if I personally would not sell btc at that price
$ 40k because in my opinion the price of $ 40k btc can still be called cheap, and I plan to sell btc above $ 60k in order to get a big profit.
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July 22, 2023, 07:43:02 AM
 #89

I was told that during in cryptocurrency investment that for we to achieve and plans for investment in cryptocurrency we most have a budget and also exercise patients in any of the investment of cryptocurrency and when we rush the investment we are going to lose and we have to be careful for the kind of investment we are going to involve ourselves in cryptocurrency, so I believe that with trust and not to be in hurry you will make a profit in long term investment of cryptocurrency depending the coin you are investing for, either bitcoin or altcoins
Investing in cryptocurrency, like any other investment does not imply a quick profit. You will still need to wait for your plan to work. You can say that you are lucky if the profit happens quickly and you bought coins at the bottom. But if the bear market is not over yet and you bought coins at a high price, you will have to wait long and nervously. Especially since not all coins recover.

True, many people think that after buying bitcoins they will be successful and rich, this is because many people only upload profits when investing in bitcoins so that new users are interested in investing in bitcoins, when there is market turmoil and they see the facts are the opposite, they panic and sell at a loss.
Panic and emotion can destroy everything, therefore, before investing, you must understand beforehand, especially Bitcoin, which has fast price movements.
To be able to take advantage of Bitcoin, patience is really needed, but besides that, it must also be based on some knowledge so that we can enter at the right time.
In my personal opinion, there is nothing to doubt anymore after seeing what has happened to the Bitcoin price movement since before, I think there is nothing to be afraid of and just be patient to be able to reach the price you are waiting for.

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July 22, 2023, 07:46:49 AM
 #90

~Snip
If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon.
Well, I agree with that. Because if you sell bitcoin at the current price, you won't get too big a profit. But if you hold it longer, until the bitcoin halving occurs next year, I also agree, the profits will definitely double. Especially if bitcoin reaches a new ATH next year, the profits will definitely be even bigger.
So for now, it would be nice to continue buying bitcoin assets. Because most likely, next year bitcoin will experience a greater increase in market price.

Quote
If the price of BTC reach $40k next month will you sell?
If it's for me personally, I definitely won't sell the bitcoin assets that I own, because as I wrote above, I will definitely keep waiting, until the bitcoin halving next year. Because if I sell the bitcoins that I have at a price of $ 40k, I will definitely get a profit too. But to be clear, I have a goal, and $40k is not my goal.

Quote
I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
Some bitcoin investors, surely many are waiting for the price of bitcoin to reach $ 100k and don't sell their assets before the price reaches that price. But according to my estimates, the majority of investors in bitcoin will definitely sell their assets when the halving comes next year.

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July 22, 2023, 05:50:40 PM
 #91

If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
No, it's too low even though I bought below that price but it's not our target price of $40K, by selling at that price the profit is not multiplying I want more than that then I won't sell and it's better to stay HODL.

$100K is what I want to see become an all-time price again even more than that I think, waiting for the halving is the most appropriate for now rather than selling at the end of the year now, even when the price has reached $40K I will still continue to buy bitcoin to accumulate this is still below ATH in 2021 so I think it is still a low price.

For now, keep HODL and wait for the peak.
What exactly that below was? If its $35k to $30k then yeah, I may think twice as well but if it's under $10k or $5k then selling at $40k can give me a good income already but maybe I won't sell all what I got because I still can wait and I know there will be more increases that can come after it. Many of us are itchy to see Bitcoin fly at the price of $100k as that is going to be the first time for BTC to reach 6 digits.

Many of us believe that we can get it after the halving but not necessarily at the same year as it might take some time in order for the new changes to take effect. Maybe 2025 or beyond than that. It's going to be a long wait but it's gonna be worth it once you managed to HODL that high.

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July 22, 2023, 06:02:28 PM
 #92

But sometimes you have to rush to get the opportunity to get the cheapest price, for example when bitcoin touched the price level of $ 15k last year, I think people who didn't rush to take this opportunity they really regretted it in the end, even though they got a buying price that bitcoin could pick up again at a later time.
There needs to be a strategy and seeing opportunities, and as the saying goes, whales buy when bitcoin is red and anchovies will buy when it is green, this depends on mindset and first come first serve.
To avoid anxiety, I think it's better to use the right strategy like Lump Sump or DCA, it's better than being patient without a price target and goal to take.

And yes, we need time to make a profit in this situation, you need HODL or be patient until the selling price point is targeted, use the nature of patience where you have to use it wisely.
Lots had been anticipating that the price would really be hitting up 10k on that time and even myself was really expecting to that and i had missed out on buying on that point until of that long wait i had seen that

the price is clinging back again on 20k on which it did result into that kind of thinking that there might be some pullback and would really be continuing on going down but now where we at now?  Cheesy
Starting on buying when the price is hitting 24k which its true that you cant really be able to avoid on having those doubts and anxiety on the time that we are seeing the price is going down.
DCA? Easy to say but when you are on the actual situation or condition then this is something that questionable, you cant really make yourself that too confident on these kind of moments
on which seeing the price is going down.

You would really be starting on buying on the time that you do see the price is really clinging up. You wont really be having those considerations when the price is going down
until you do realize that it is really that too late on making such move.
Yes, I used to be like that, bro, I didn't dare to put money in when the market became bloodier and it formed doubts that made us even more afraid to jump in because the price has the potential to fall more, but if you are used to seeing that blood is an opportunity to buy you will get a different mentality from people usually, on the other hand you see the situation as an opportunity and on the other hand you are also doubtful because it is quite terrible with very tense conditions in the market.

Even DCA is a bit scary, but if you really focus on collecting the number of bitcoins I think you will get rid of that stigma within you, and you need to remember that you also have to start trying and getting used to it, if you really don't want DCA's quota to be included in everything at a moment like that, maybe dividing it into several parts is better for you, sir.

That mentality cannot be created by mere thought or impulse, but experience from previous events will make it stronger.

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July 22, 2023, 08:39:58 PM
 #93

Yes, I used to be like that, bro, I didn't dare to put money in when the market became bloodier and it formed doubts that made us even more afraid to jump in because the price has the potential to fall more, but if you are used to seeing that blood is an opportunity to buy you will get a different mentality from people usually, on the other hand you see the situation as an opportunity and on the other hand you are also doubtful because it is quite terrible with very tense conditions in the market.

Even DCA is a bit scary, but if you really focus on collecting the number of bitcoins I think you will get rid of that stigma within you, and you need to remember that you also have to start trying and getting used to it, if you really don't want DCA's quota to be included in everything at a moment like that, maybe dividing it into several parts is better for you, sir.

That mentality cannot be created by mere thought or impulse, but experience from previous events will make it stronger.
The reason why becoming a good investor or trader is so difficult is that it runs contrary to what we consider common sense, if an asset is rising in price the most natural thing to do is to assume this is going to keep being the case and we will want to become part of that bull movement, however the bull market is the moment to sell not to buy, and the bear market is the same, as many sell at the time when they should be looking to buy instead since the price of bitcoin is very low during that period.
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July 22, 2023, 08:58:09 PM
 #94

The reason why becoming a good investor or trader is so difficult is that it runs contrary to what we consider common sense, if an asset is rising in price the most natural thing to do is to assume this is going to keep being the case and we will want to become part of that bull movement, however the bull market is the moment to sell not to buy, and the bear market is the same, as many sell at the time when they should be looking to buy instead since the price of bitcoin is very low during that period.
It’s the one thing that makes the network beautiful.
At every point in the market, there is always a buyer and seller ready to exchange values in its equivalent to a different commodity. Still, the market conditions and rules continues to apply.

That’s what is expected and that’s what keeps telling you that, crypto investors continues to pursue means of using and making cryptocurrency attain its best fit in a situation.

It would be wrong should everyone try to hodl bitcoin and expect that, only what is being put out there is the block reward from miners. That wouldn’t tell well of the crypto innovation and so, a continued buy and selling, providing volatility and liquidation of certain amount of one’s asset is a necessity for growth.

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July 22, 2023, 10:42:39 PM
 #95

I was told that during in cryptocurrency investment that for we to achieve and plans for investment in cryptocurrency we most have a budget and also exercise patients in any of the investment of cryptocurrency and when we rush the investment we are going to lose and we have to be careful for the kind of investment we are going to involve ourselves in cryptocurrency, so I believe that with trust and not to be in hurry you will make a profit in long term investment of cryptocurrency depending the coin you are investing for, either bitcoin or altcoins

Those that are always in a hurry don't make big profit from investing in Bitcoin, if you want to make profits from investing in Bitcoin you have to buy when everyone is selling and hold your Bitcoin in your wallet because exchanges aren't safe to hold your Bitcoin there.

Holding of Bitcoin would give you more profits and to hold Bitcoin you need patience. First you'll need patience when buying, you don't have to hurry to buy as when you do that you'll be buying Bitcoin at a very high price. Always wait for the market to fall before you buy Bitcoin.

After buying you have to hold patiently, there will be time when you'll want to sell due to the price of Bitcoin pumping but keep holding because Bitcoin can always go higher in price because there's big demand for Bitcoin as more people enter the industry in search of profits too.

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July 22, 2023, 10:55:08 PM
 #96

The reason why becoming a good investor or trader is so difficult is that it runs contrary to what we consider common sense, if an asset is rising in price the most natural thing to do is to assume this is going to keep being the case and we will want to become part of that bull movement, however the bull market is the moment to sell not to buy, and the bear market is the same, as many sell at the time when they should be looking to buy instead since the price of bitcoin is very low during that period.
This kind of coincidence is closely related to a person's psychology.
When you say why they sell when the price starts to fall and should not, it is because they are too panicked and do not have any analysis of the upcoming price.
and this also applies vice versa, where someone will start buying when the price rises and FOMO occurs.

This will indeed go against common sense and be a difficult thing for some new investors who enter crypto.
Having good basic knowledge and psychology is very necessary so that there are no mistakes or losses in trading, so that strategies can be applied properly.
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July 22, 2023, 11:11:01 PM
 #97

Holding of Bitcoin would give you more profits and to hold Bitcoin you need patience. First you'll need patience when buying, you don't have to hurry to buy as when you do that you'll be buying Bitcoin at a very high price. Always wait for the market to fall before you buy Bitcoin.

After buying you have to hold patiently, there will be time when you'll want to sell due to the price of Bitcoin pumping but keep holding because Bitcoin can always go higher in price because there's big demand for Bitcoin as more people enter the industry in search of profits too.
Exactly, I agree with the point you explained because if we set an investment strategy for the long term, extra patience is needed to buy at the lowest price and the DCA investment solution will help you to invest gradually with different price ranges to minimize high losses if the market price drops significantly due to the influence of negative news.

Actually people can control their emotions and be patient towards investing depending on the factor of using investment funds, if the funds are used specifically to invest in crypto then whatever the risk he can go through with patience even for the next few years, but if the funds used to invest are greater than savings then investment guarantees will not last for the long term, so the fund factor also influences the decision to determine the investment term.

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July 23, 2023, 05:14:30 PM
 #98

as a btc investor, of course you have to have the patience to wait until the btc price is high and sell it when the btc price is high.

if I personally would not sell btc at that price
$ 40k because in my opinion the price of $ 40k btc can still be called cheap, and I plan to sell btc above $ 60k in order to get a big profit.
Totally depends on everyone's personal goals, if you have bought at $16k or around that, you might even sell it for $35k and then buy again when it drops below, but I wouldn't recommend that because I don't think that the price will go around $16k anytime soon again, but still if someone buys at a certain point and keeps another point in mind for selling them, they wouldn't think of higher selling target because that might provide them with more profit but that will make them lose vision of their target.

Some people want to sell at the highest level Bitcoin can get, these are the people who have a lot of patience and they don't panic even if Bitcoin starts crashing again after reaching $50k or going above it because they know that they won't sell before the price reaches the very top and that is what they do.

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July 23, 2023, 06:39:58 PM
 #99

Yes, I used to be like that, bro, I didn't dare to put money in when the market became bloodier and it formed doubts that made us even more afraid to jump in because the price has the potential to fall more, but if you are used to seeing that blood is an opportunity to buy you will get a different mentality from people usually, on the other hand you see the situation as an opportunity and on the other hand you are also doubtful because it is quite terrible with very tense conditions in the market.

Even DCA is a bit scary, but if you really focus on collecting the number of bitcoins I think you will get rid of that stigma within you, and you need to remember that you also have to start trying and getting used to it, if you really don't want DCA's quota to be included in everything at a moment like that, maybe dividing it into several parts is better for you, sir.

That mentality cannot be created by mere thought or impulse, but experience from previous events will make it stronger.
The reason why becoming a good investor or trader is so difficult is that it runs contrary to what we consider common sense, if an asset is rising in price the most natural thing to do is to assume this is going to keep being the case and we will want to become part of that bull movement, however the bull market is the moment to sell not to buy, and the bear market is the same, as many sell at the time when they should be looking to buy instead since the price of bitcoin is very low during that period.
Yes, we still see that it is a habit of short-term traders or investors, and I also don't deny that because such things are like a separate culture in the market.
You will definitely think very unnaturally, or upside down like red is the time to buy and green is for selling, that's a mindset that people rarely do because it's against themselves to make a profit, so what looks green is more attractive and they think that it will continue and red they sell because they are afraid like you said, it's difficult for someone to make a reverse mentality like that in conditions like this, but it also depends on their individual goals and beliefs, those who think long-term don't have to be afraid of a decline, because bitcoin will always return to its best position.

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July 23, 2023, 09:57:34 PM
 #100

Yes, I used to be like that, bro, I didn't dare to put money in when the market became bloodier and it formed doubts that made us even more afraid to jump in because the price has the potential to fall more, but if you are used to seeing that blood is an opportunity to buy you will get a different mentality from people usually, on the other hand you see the situation as an opportunity and on the other hand you are also doubtful because it is quite terrible with very tense conditions in the market.

Even DCA is a bit scary, but if you really focus on collecting the number of bitcoins I think you will get rid of that stigma within you, and you need to remember that you also have to start trying and getting used to it, if you really don't want DCA's quota to be included in everything at a moment like that, maybe dividing it into several parts is better for you, sir.

That mentality cannot be created by mere thought or impulse, but experience from previous events will make it stronger.
The reason why becoming a good investor or trader is so difficult is that it runs contrary to what we consider common sense, if an asset is rising in price the most natural thing to do is to assume this is going to keep being the case and we will want to become part of that bull movement, however the bull market is the moment to sell not to buy, and the bear market is the same, as many sell at the time when they should be looking to buy instead since the price of bitcoin is very low during that period.
Yes, we still see that it is a habit of short-term traders or investors, and I also don't deny that because such things are like a separate culture in the market.
You will definitely think very unnaturally, or upside down like red is the time to buy and green is for selling, that's a mindset that people rarely do because it's against themselves to make a profit, so what looks green is more attractive and they think that it will continue and red they sell because they are afraid like you said, it's difficult for someone to make a reverse mentality like that in conditions like this, but it also depends on their individual goals and beliefs, those who think long-term don't have to be afraid of a decline, because bitcoin will always return to its best position.
The ones who are really that keen about price movements on short term are to those short term or daytraders who are really that playing with those price volatility on which it is something that they would really be
that too concern when it comes to price movement in a shorter time frame on which it isnt shocking.If you are that someone whose really be that holding Bitcoin and other top altcoins in the market then holding
would be your best option to made on. Patience would be the main issue of most people or investor here on this crypto space and due to unpredictability then it wont really be a shocking thing
that price could neither go up or down basing on the market demand and other factors.

On the time that you would really be making yourself that impulsive then you would really be finding it difficult on handling yourself within this market.This is why its always been
ideal on assessing the situation and what would be the best approach into it.

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July 24, 2023, 03:14:00 AM
 #101

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
But if you dont wanna wait and felt like being bored then best to try risking more and play with altcoins, yeah we cannot be called as Hodlers if we do trading but in our time now there are only few that truly holds and most of us are trying to make way for altcoins before the Bull year comes so the chance of doubling or making more multiplier is there and we will enjoy.









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July 24, 2023, 04:49:21 AM
 #102

Only people who are patient and don't panic easily succeed in making big profits in Bitcoin investments, patience plays an important role in whatever activities you do, success can be achieved with patience without fear of risks that may occur at any time. The price of Bitcoin that continues to fluctuate provides an opportunity for investors who have a high level of patience to reap big profits. Buying at a low price then selling at a high price has always been the main concept in investing.

Throw away the panic-stricken nature, Bitcoin doesn't stay at highs all the time and doesn't stay at lows all the time. Investors who already understand the nature of Bitcoin will refrain from selling their assets even though the price continues to fall, their trust in Bitcoin has formed patience and mental steel to hold Bitcoin until the bull run comes.

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Ziskinberg
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July 24, 2023, 09:27:41 AM
 #103

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
But if you dont wanna wait and felt like being bored then best to try risking more and play with altcoins, yeah we cannot be called as Hodlers if we do trading but in our time now there are only few that truly holds and most of us are trying to make way for altcoins before the Bull year comes so the chance of doubling or making more multiplier is there and we will enjoy.
We often think that altcoins are a good multiplier during Bullrun, we have witnessed it several times. However, we couldn't ignore the high risk than of Bitcoin so if we can't bare to take it, then better choose Bitcoin instead. But even though we are buying altcoins, we must also need to force ourselves to be patient because this is the only way to earn a profit, unless you take trading.

Yeah, we are hoping for the best a few years from now but I was sure that holder will be paid off during the bull season just like it happen in the past.

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July 26, 2023, 09:37:14 PM
 #104

We often think that altcoins are a good multiplier during Bullrun, we have witnessed it several times. However, we couldn't ignore the high risk than of Bitcoin so if we can't bare to take it, then better choose Bitcoin instead. But even though we are buying altcoins, we must also need to force ourselves to be patient because this is the only way to earn a profit, unless you take trading.

Yeah, we are hoping for the best a few years from now but I was sure that holder will be paid off during the bull season just like it happen in the past.
The quality of altcoins vary too wildly for my tastes as we have coins like ethereum which are very good but then we have hundreds of useless meme coins with no use case, and in that case even if it is true that if you invest in the right altcoins your portfolio could outperform the growth of bitcoin, at the same time the risk is simply too high and it is better to choose the simplest strategy out of the two, which is to buy bitcoin and hold it for as long as possible.
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July 26, 2023, 10:02:15 PM
 #105

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
Bitcoin investment is all about HODL game if you know what you doing and although this might come out wrong but I feel not everyone who is preaching this gospel about your actually does follow their own advice reason been to bad planning as one can be a good investor with his mouth but a pretty bad one in the practical aspect and this is because money has a way of getting around us humans so firstly I think every Bitcoin should actually set a really strict and strong towards achieving a successful investment where he could earn some profits from

R


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dansus021
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July 27, 2023, 12:35:50 AM
 #106

Throw away the panic-stricken nature, Bitcoin doesn't stay at highs all the time and doesn't stay at lows all the time. Investors who already understand the nature of Bitcoin will refrain from selling their assets even though the price continues to fall, their trust in Bitcoin has formed patience and mental steel to hold Bitcoin until the bull run comes.

Yes in fact that Bull market or bear market is needed on any kind of investment program to keep the market healthy. Dollar Cost Averaging might the best idea for early investor to minimize the risk while still gaining from the profit.

and if the OP know basic Support and resistance zone it would be more better to buy at local support and keep BuY keep HoDL  Cool

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July 27, 2023, 03:09:43 AM
 #107

Ibought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
It depends on how one uses the investment strategy and some people will sell bitcoin when it reaches $40k, if the buyer's capital is at a price like your purchase and will buy back when the price drops below that. When you take a long-term investment approach, the move towards ATH is a good time to sell bitcoin, because you have made a long-term target of making a large return on the investment you are living. The power of investing in bitcoin can bring someone to a high level of trust, as long as they understand the journey of bitcoin and investing is done correctly.

The question is how can you accumulate purchases to increase the amount of bitcoin holdings you have and if the nature of the investment you are in is implementing a long term strategy. I have views and answers for that, but I would like to hear how you go about doing it? so that the investment you run is more productive and can increase the amount every time.

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July 27, 2023, 03:46:08 AM
 #108

Patience plays a very important role in making dreams come true, many Bitcoin Holders have achieved large profits by prioritizing patience in investment strategies. Bitcoin will continue to move up after going through several market fluctuations that keep the price down, when the price is $20k people will compete to have Bitcoin in the hope of selling it when the price reaches $30k. This is not the end of the Bitcoin movement, $40k is the next target and will continue to grow it will probably reach the $100k mark.
For investors who are patient, they will get more benefits than those who are satisfied with small profits, let Bitcoin continue to be stored in your Wallet, when the time is right, you will get big profits from patience in investing.

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Questat
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July 27, 2023, 12:17:12 PM
 #109

Patience plays a very important role in making dreams come true, many Bitcoin Holders have achieved large profits by prioritizing patience in investment strategies. Bitcoin will continue to move up after going through several market fluctuations that keep the price down, when the price is $20k people will compete to have Bitcoin in the hope of selling it when the price reaches $30k. This is not the end of the Bitcoin movement, $40k is the next target and will continue to grow it will probably reach the $100k mark.
For investors who are patient, they will get more benefits than those who are satisfied with small profits, let Bitcoin continue to be stored in your Wallet, when the time is right, you will get big profits from patience in investing.

perhaps, you can't call yourself an investor if you never know how to wait patiently. And I see this is a common problem for most, they had to think bout investing and but too unfortunate that they can wait for a better price which is why - when they buy today, they also sell them by tomorrow. They'll think that investing in crypto is an easy way to grow their money but they are wrong as we can't underestimate the volatility and make us a loser of the game.

If we are impatient, therefore, I conclude that this is not the right place for us.

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July 27, 2023, 02:15:07 PM
 #110

-snip-
when they buy today, they also sell them by tomorrow. They'll think that investing in crypto is an easy way to grow their money but they are wrong as we can't underestimate the volatility and make us a loser of the game.

If we are impatient, therefore, I conclude that this is not the right place for us.
An easy way to grow money, of course, crypto is the way to go. but with some rules that must be followed.
Not a few people have lost a lot because of crypto.

Investment is not just buying and selling tomorrow, but there is a price target that will be achieved in the long term.

And a good investment is in the top coins, especially Bitcoin.
Those who say they are investors don't even understand the potential of Bitcoin for the long term.

To learn in advance what investments will be made.
Bitcoin will provide great returns if they are patient.
justdimin
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July 29, 2023, 02:14:39 PM
 #111

An easy way to grow money, of course, crypto is the way to go. but with some rules that must be followed.
Not a few people have lost a lot because of crypto.

Investment is not just buying and selling tomorrow, but there is a price target that will be achieved in the long term.

And a good investment is in the top coins, especially Bitcoin.
Those who say they are investors don't even understand the potential of Bitcoin for the long term.

To learn in advance what investments will be made.
Bitcoin will provide great returns if they are patient.
People who think that they can make a quick profit from crypto will learn it the hard way that they can't just make quick profit. Sure you can make a lot of money in bitcoin trading world, and you could invest a lot and make a lot of money as well.

However, you should be able to learn how you could end up with waiting for that to happen as well. I am not reaching out to people who are trying to be "get rich quick" type of people, if they want to do that then they will have to learn how that's not true. However, I am trying to reach out to people who are trying to make a decent money and wrongfully think that this is how you make money in the crypto world, we should find them and make them realize holding is better.

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lizarder
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July 29, 2023, 06:07:27 PM
 #112

If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
Patience and calm is the path that will lead us to the desired stage, when you are one of the long term holders then the journey of bitcoin is not a problem because what we hope for is a path to ATH. When we don't try to increase the amount of bitcoin holdings we have, therein lies the disadvantage because even if the price of bitcoin goes up but the holdings we have are still small enough to turn a profit when bitcoin reaches ATH. If you intend to sell at the current state, the profit will be much smaller due to the purchase or accumulation you took $20k.

What we need to think about is how to collect bitcoins with the financial conditions that we have are unstable because after all, people's current conditions are quite difficult to get money to meet their needs let alone try to invest. Bitcoin is almost approaching its four-year cycle where this step is what many people are waiting for to get profits and how can we get big profits in these conditions.

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July 29, 2023, 06:19:52 PM
 #113

An easy way to grow money, of course, crypto is the way to go. but with some rules that must be followed.
Not a few people have lost a lot because of crypto.
Yes bitcoin can grow investment money, but it is full of risks, it is not easy and there are also many skills that must be mastered so that he understands the rules.

Investment is not just buying and selling tomorrow, but there is a price target that will be achieved in the long term.
I don't think it's an investment but trading if you buy now sell tomorrow, investment is a long term that takes years to get a big return.

And a good investment is in the top coins, especially Bitcoin.
Those who say they are investors don't even understand the potential of Bitcoin for the long term.
Yes bitcoin as the main investment in crypto. I only have one coin BTC in the portfolio.

Bitcoin will provide great returns if they are patient.
HODL wait for the next cycle.

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Sexylizzy2813
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July 29, 2023, 06:36:12 PM
 #114

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

Bitcoin to hit the prize $100k I never see that happening in a very long while. If you say $40k I'll say it might happen but the way the price is moving from $30k down to $29k now I'm not sure $40k will b possible in the next 3 months, I feel before the end of this year it won't get up to $35k talkless of getting to $40k.
Traders really need to apply patience especially now that the prize is look like it will be in their favor maybe in two weeks time it will go up to $31k and stay there for sometime before going back down. I'm just say because like we all know Bitcoin is never stable.

R


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July 29, 2023, 09:01:08 PM
 #115

-snip-
when they buy today, they also sell them by tomorrow. They'll think that investing in crypto is an easy way to grow their money but they are wrong as we can't underestimate the volatility and make us a loser of the game.

If we are impatient, therefore, I conclude that this is not the right place for us.
An easy way to grow money, of course, crypto is the way to go. but with some rules that must be followed.
Not a few people have lost a lot because of crypto.

Investment is not just buying and selling tomorrow, but there is a price target that will be achieved in the long term.

And a good investment is in the top coins, especially Bitcoin.
Those who say they are investors don't even understand the potential of Bitcoin for the long term.

To learn in advance what investments will be made.
Bitcoin will provide great returns if they are patient.
That is a very common mistake, people look at trading and investing as just buying and then selling at some unspecified point on the future, forgetting that what happens on the middle is what matters, after all bitcoin does not move on a straight line and it is not rare to spend months or even years with our investments underwater, while a lot of things could happen in our lives which could prevent us to hold our coins until we reach our price target, and while investing can get easier once we develop the right strategy, the mental fortitude to resist whatever the market and our lives throw at us and we are in a position of always being profitable due to how long we have held our coins, at the beginning of our journey investing is very hard to do.
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July 29, 2023, 09:13:06 PM
 #116

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

Bitcoin to hit the prize $100k I never see that happening in a very long while. If you say $40k I'll say it might happen but the way the price is moving from $30k down to $29k now I'm not sure $40k will b possible in the next 3 months, I feel before the end of this year it won't get up to $35k talkless of getting to $40k.
Traders really need to apply patience especially now that the prize is look like it will be in their favor maybe in two weeks time it will go up to $31k and stay there for sometime before going back down. I'm just say because like we all know Bitcoin is never stable.

Well there are two things that we can look at, short and long term. If we are looking like short term prospect of the price or at least till the end of this year, maybe $40k-$50 tops for us. But it's going to be very hard and it's a grind every day. We might see another familiar pattern again, which is sideways. So it might take some weeks or months again before the price moves.

Nevertheless as we approach the last quarter, maybe there could be some good movements. But if we talk about long term or at least the next cycle after the block halving, then we might see $100k or even higher. This has been the prediction of many, and I think it's doable. All conditions are going to be ripe in the next bull run and it's going to be history for us if we see 6 digits as a new ATH.
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July 31, 2023, 11:05:33 PM
 #117

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
It takes many years for Bitcoin to reach a new high price, thus it's safe to assume that's how it happened to reach a new price. Back in the day, not everyone could have imagined that Bitcoin would increase in value from $1,000 to $20,000 following two halving seasons. It all happened, and the people who had the patience to wait benefited greatly from it. Although many believe otherwise, that is the highest price at which bitcoin may be sold ($20k).

One needs to be patient and have a price tag for when to sell their bitcoin for bitcoin in order to be a successful crypto investor. Nobody is to keep their bitcoin forever without ever selling it for a profit and then repurchasing it when the price is low.

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July 31, 2023, 11:44:30 PM
 #118

This is the message  that needs to be preached  more often especially  that more people think crypto investments have shorter lead times when it comes to return on investments!
And it gets worse with all these YouTube videos of how to get rich with crypto and scammers promising  to multiply our money in no time which makes the message of patience very difficult to sell...but like any viable investment, it needs time to mature and once ready we now can harvest our  profits so exercise some patience and let the markets do their thing Cool

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July 31, 2023, 11:49:29 PM
 #119

I dont even presume we will be there soon, the really irritating part of BTC is when it just tumbles sideways in a flat spin, we move without traction.  My take is the really vital cogs to Bitcoin exist on higher time frames, alot of space occurs in between action for the 3 largest time frames on every chart.     Apparently in those times we move with no momentum, after rising so fast its triggering for anyone that we intersperse fast action with seemingly nothingness and BTC does this all the time and defies predictions.    Beyond patience is needed, just forget about it for the moment is probably best.  Time and price are both tested in turn seems like the order of service to this proclamation where Bitcoin finally rises from its early grave Tongue

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August 01, 2023, 05:55:35 PM
 #120

This is the message  that needs to be preached  more often especially  that more people think crypto investments have shorter lead times when it comes to return on investments!
And it gets worse with all these YouTube videos of how to get rich with crypto and scammers promising  to multiply our money in no time which makes the message of patience very difficult to sell...but like any viable investment, it needs time to mature and once ready we now can harvest our  profits so exercise some patience and let the markets do their thing Cool
The YouTube videos you are talking about and some social media handles of the so-called influencers are actually the main cause of the impatience among new investors in the cryptocurrency market. They watch those influencers teaching them how they can get a lot of money in a very short period of time, and they start thinking that the influencers are right and they buy the coins and tokens that they promote which they promote only to get paid by their teams.

This is exactly why newbies are always advised to never trust anyone that they read or watch on the internet and always do their own research before making any financial investments because there are a lot of scammers and liars in the internet space that are always looking for victims that are easy targets.

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August 04, 2023, 04:54:51 PM
 #121

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
For reach any target need Patience. Many people say Patience is key to success. Without Patience anyone cannot gain in crypto currency market. We saw the year 2021 Bitcoin price was $69k Now bitcoin price is $30k. But before 2/3 month Bitcoin price was $15k. Now bitcoin price is increasing. But who are Bought near about $15k to $20k they are now near about 50% profited. And who are bought avabe $30k they have to wait untill bull session. I also think in future bitcoin price will hit $100k today or tomorrow. So who are bought Bitcoin near about $15k- $20k they will be huge profited. So please be Patience. Bitcoin price will go moon there has no doubt. And who are bought in low price they will be huge profited and their life will be settled and economic crisis will be remove, be Patience.

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August 04, 2023, 06:17:33 PM
 #122

A watched kettle never boils is an old saying, meaning the more people expect something the less likely it becomes.   If we gain from 20k to 30k that is a large amount by any normal measure, not many other assets can move like that.  Yet we are talking about patience when performance in this asset is far better then many others this year.   I think we have to accept that so many people are impatient and involved and every 10k the price is going to reset because it needs to accommodate all the people who sell off every gain.  Its the price of being mainstream and relying on a wider more diverse audience for involvement in those gains.

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August 04, 2023, 07:42:34 PM
 #123

This is the message  that needs to be preached  more often especially  that more people think crypto investments have shorter lead times when it comes to return on investments!
And it gets worse with all these YouTube videos of how to get rich with crypto and scammers promising  to multiply our money in no time which makes the message of patience very difficult to sell...but like any viable investment, it needs time to mature and once ready we now can harvest our  profits so exercise some patience and let the markets do their thing Cool
On the other hand, it make me think that this youtubers really don't know about the market, specially what we call the cycles, they portray crypto as something that is very easy, which is not actually.

Yes, crypto is a good and viable investment, but you need to be patience because it's not going to be a easy road, just like any other assets or commodities out there. It needs time to mature before you can fully take advantage of it and become rich or at least in the profit side.

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August 04, 2023, 10:44:25 PM
 #124

This is the message  that needs to be preached  more often especially  that more people think crypto investments have shorter lead times when it comes to return on investments!
And it gets worse with all these YouTube videos of how to get rich with crypto and scammers promising  to multiply our money in no time which makes the message of patience very difficult to sell...but like any viable investment, it needs time to mature and once ready we now can harvest our  profits so exercise some patience and let the markets do their thing Cool
The YouTube videos you are talking about and some social media handles of the so-called influencers are actually the main cause of the impatience among new investors in the cryptocurrency market. They watch those influencers teaching them how they can get a lot of money in a very short period of time, and they start thinking that the influencers are right and they buy the coins and tokens that they promote which they promote only to get paid by their teams.

This is exactly why newbies are always advised to never trust anyone that they read or watch on the internet and always do their own research before making any financial investments because there are a lot of scammers and liars in the internet space that are always looking for victims that are easy targets.
Agree on this on which i did really come into a point on becoming that impulsive just because of these wrong steps made out seeing those videos online on how things been done or on how fast they do able to make profits.
On the time that you would really be trying out to mimic their activity or progress then it would really be resulting into alterations with your own methods and ways on your trading decisions on which it would really be causing errors and mistakes on which you shouldn't have done it on the first place. This isnt a race or a sprint but rather a marathon on which the longer period on making  yourself that able to sustain would really be able to win or becoming profitable in the long run. This is why its never been that ideal that you should be needing to haste on trying out to learn on everything because we know that rushing up things are really that prone to mistakes
which is something that needs to be lessen up and this is why we do thrive on learning as much as we could because we dont really like on losing money.Somewhat its inevitable but its not really that impossible, it is
really just needing up that patience and good decision making towards your trading positions.

R


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August 04, 2023, 11:30:39 PM
 #125

This is the message  that needs to be preached  more often especially  that more people think crypto investments have shorter lead times when it comes to return on investments!
And it gets worse with all these YouTube videos of how to get rich with crypto and scammers promising  to multiply our money in no time which makes the message of patience very difficult to sell...but like any viable investment, it needs time to mature and once ready we now can harvest our  profits so exercise some patience and let the markets do their thing Cool
On the other hand, it make me think that this youtubers really don't know about the market, specially what we call the cycles, they portray crypto as something that is very easy, which is not actually.

Yes, crypto is a good and viable investment, but you need to be patience because it's not going to be a easy road, just like any other assets or commodities out there. It needs time to mature before you can fully take advantage of it and become rich or at least in the profit side.

I see this as a valid reason, people who thinks that this venue is a safe haven to earn money will not take that extra effort to have deeper study and research they will just expect that once they already place their position, they will earn money out from, not thinking about other factors that affects the market and the volatility of their investment whether they invest with Bitcoin or other alts that they believe that will bring them profits.

Same deal as well with every investment. If you don't have that broad knowledge, your patience is lesser and possibly drag you to lose instead to earn as market anticipation will not favor you if you see some negative reflections about your balance.

This is the message  that needs to be preached  more often especially  that more people think crypto investments have shorter lead times when it comes to return on investments!
And it gets worse with all these YouTube videos of how to get rich with crypto and scammers promising  to multiply our money in no time which makes the message of patience very difficult to sell...but like any viable investment, it needs time to mature and once ready we now can harvest our  profits so exercise some patience and let the markets do their thing Cool
The YouTube videos you are talking about and some social media handles of the so-called influencers are actually the main cause of the impatience among new investors in the cryptocurrency market. They watch those influencers teaching them how they can get a lot of money in a very short period of time, and they start thinking that the influencers are right and they buy the coins and tokens that they promote which they promote only to get paid by their teams.

This is exactly why newbies are always advised to never trust anyone that they read or watch on the internet and always do their own research before making any financial investments because there are a lot of scammers and liars in the internet space that are always looking for victims that are easy targets.
Agree on this on which i did really come into a point on becoming that impulsive just because of these wrong steps made out seeing those videos online on how things been done or on how fast they do able to make profits.
On the time that you would really be trying out to mimic their activity or progress then it would really be resulting into alterations with your own methods and ways on your trading decisions on which it would really be causing errors and mistakes on which you shouldn't have done it on the first place. This isnt a race or a sprint but rather a marathon on which the longer period on making  yourself that able to sustain would really be able to win or becoming profitable in the long run. This is why its never been that ideal that you should be needing to haste on trying out to learn on everything because we know that rushing up things are really that prone to mistakes
which is something that needs to be lessen up and this is why we do thrive on learning as much as we could because we dont really like on losing money.Somewhat its inevitable but its not really that impossible, it is
really just needing up that patience and good decision making towards your trading positions.

It is doable if patience and determination to learn deeper is on you, though it's a tough venue but with your good understanding and knowledge you might succeed, I like that mentality, it's not a marathon but a venue where you needed to keep equipping yourself with the right knowledge and mindsets that will help you to attain your aim success.

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August 05, 2023, 09:04:14 AM
 #126

Btc always showed Such thing so many time! For example,  after dump of 2017 as well as 2021, it started pump next year. Then pump again and again. That means we just need to be patient!  Like if i buy btc at 30k$, then i can predict It'll be pump 40k$ in next year. If not, then it'll must pump when bull run come, right? Just need to hold and need to patient!  So op is right. Thats explanation is positive vibes for crypto Investor as well as newbies

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August 07, 2023, 02:08:33 PM
 #127

The type of investor who is successful and can be rich is always patient and not panic, as long as there are positive thoughts about Bitcoin, we should not ever be easy to sell even though we have got a profit, I also regret it for selling a lot of bitcoin in 2018 when the price is around $ 8000, If I can hold partially and sell in 2021 when the price is at least $ 56k then many things I can buy now.


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August 07, 2023, 09:28:33 PM
 #128

Btc always showed Such thing so many time! For example,  after dump of 2017 as well as 2021, it started pump next year. Then pump again and again. That means we just need to be patient!  Like if i buy btc at 30k$, then i can predict It'll be pump 40k$ in next year. If not, then it'll must pump when bull run come, right? Just need to hold and need to patient!  So op is right. Thats explanation is positive vibes for crypto Investor as well as newbies
The market could really be only have two ways or paths that they could take on which neither they would really be going up or down but of course we arent that dumb not to check out its history
in speaking about movement which its never been new about recovering prices and reaching out new all time highs specially if the bull run time or moment would happen. It is really just
that people are way too impatient and wants really to see things directly without even trying out to look out and be wary about that this market does have its own cycle
and in the first place it was really that unpredictable.So no one could ever tell.

The type of investor who is successful and can be rich is always patient and not panic, as long as there are positive thoughts about Bitcoin, we should not ever be easy to sell even though we have got a profit, I also regret it for selling a lot of bitcoin in 2018 when the price is around $ 8000, If I can hold partially and sell in 2021 when the price is at least $ 56k then many things I can buy now.
This isnt a race but rather this would really be that survival for those who are patient and does have that wise thinking about their positions whether they should wait or not.
Results and outcomes would really vary on each individual since not all would really be having on the same mindset when it comes on dealing with the market.

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August 07, 2023, 09:36:10 PM
 #129

The type of investor who is successful and can be rich is always patient and not panic, as long as there are positive thoughts about Bitcoin, we should not ever be easy to sell even though we have got a profit, I also regret it for selling a lot of bitcoin in 2018 when the price is around $ 8000, If I can hold partially and sell in 2021 when the price is at least $ 56k then many things I can buy now.

If you sold it because you needed the money, then I don't think you should regret that decision. Indeed, investing in bitcoin requires patience to get large returns in the long term, but you also need to make adjustments depending on your needs.

Not a few investors sold their bitcoins in the 10K or 20K range at the time, but they really regretted it when in fact bitcoin broke through $69k as ATH in 2021. Rest assured it is an experience, but you don't have to regret it for the rest of your life. If you really want to make amends, then invest wisely and adjust your budget and hold to it for the long term.

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August 07, 2023, 10:22:57 PM
 #130

There are not option have to do exactly for investor or bitcoin holder bough on higher price above $50k to $60k, but profitable for holder have buy back when bitcoin drop around $20k and their patience is most profitable. Patient is the key how to be success investment at the future but our position who bought Bitcoin around higher price not have to do except hold and keep waiting until bitcoin back to higher price. But still have any investors can't patience and waiting for until bitcoin recovering and back to higher price.

I believe with Bitcoin opportunities back to higher price, near time with bitcoin halving will bring good impact bitcoin back to $50k or wake up until $60 in next year.
It's very understandable that bitcoin price can rise today and fall tomorrow, so therefore investing in bitcoin really need a to be long term or as investors you have to have a duration, for it to be like this, I believe that bitcoin investment sometime investors get lose and they do get lose when they are passionate to make profit, so therefore making profits is what triggers some of the investors to lose their chances, so as investor we need to have target for investment and we should not be curious to invest in bitcoin, one thing I know quite well is that Bitcoin when you at low or higher price don't sell when is depreciating or falling just allow to rise even though it take long space of time, and have a target so that when bitcoin increases it will ensure that the investors make a profit even though its a ten [10$] dollars different as profit than to lose

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August 07, 2023, 10:31:44 PM
 #131

Btc always showed Such thing so many time! For example,  after dump of 2017 as well as 2021, it started pump next year. Then pump again and again.

There are series of dumps we already had with bitcoin over time and we cannot make a conclusion that they aren't to be considered in moments like this, which make us to believe more that even at any time soon, we can still experience more pump from the bitcoin market because we cannot go further dip in this bear market than we have anticipated for rise in the market price, this same pump is what we will start to see right before the year ends.

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SPIN

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doomloop
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August 09, 2023, 05:59:34 PM
 #132

This is the message  that needs to be preached  more often especially  that more people think crypto investments have shorter lead times when it comes to return on investments!
And it gets worse with all these YouTube videos of how to get rich with crypto and scammers promising  to multiply our money in no time which makes the message of patience very difficult to sell...but like any viable investment, it needs time to mature and once ready we now can harvest our  profits so exercise some patience and let the markets do their thing Cool
On the other hand, it make me think that this youtubers really don't know about the market, specially what we call the cycles, they portray crypto as something that is very easy, which is not actually.

Yes, crypto is a good and viable investment, but you need to be patience because it's not going to be a easy road, just like any other assets or commodities out there. It needs time to mature before you can fully take advantage of it and become rich or at least in the profit side.
Even if the YouTubers know about the market, they barely teach their viewers about how things work but all they do is show their trades and how they made a profit through them or do some basic analysis talking about tokens and coins and the possible outcomes which are not what a newbie would want to hear or see or would even understand, so all that a newbie understands is the amount of profit the YouTubers they watch are making from crypto trading.

So newbies that enter the market come with the mindset that earning profits from cryptocurrency trading is very easy and there is a lot of money that they can get without much work, which is basically not true but they think this way because they lack proper knowledge and guidance.

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August 09, 2023, 07:41:07 PM
 #133

With patience, we will get a lot of profit, the best strategy when we want profit in cryptocurrencies is to be patient, many people are afraid and worry because FUDS on the internet so that they sell with loss conditions, of course this is a mistake because it will make them regret for selling loss .

It is true that those who are consistent in the crypto currency market are always successful. Of course, patience is the best strategy and there are always fluctuations in the crypto currency market, but instead of panicking about the market fluctuations, we should always adopt a hold policy and be patient. Scary news is always coming in the market which causes many people to panic and sell their assets at a loss. Bad news and FUD are always spread under plans so that we sell our assets at a lower price.Fud spreaders buy our assets at cheap prices. So you are right that we always have to be patient to face all these things. So that we can earn a good profit.


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Fredomago
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August 10, 2023, 03:22:49 PM
 #134

With patience, we will get a lot of profit, the best strategy when we want profit in cryptocurrencies is to be patient, many people are afraid and worry because FUDS on the internet so that they sell with loss conditions, of course this is a mistake because it will make them regret for selling loss .

It is true that those who are consistent in the crypto currency market are always successful. Of course, patience is the best strategy and there are always fluctuations in the crypto currency market, but instead of panicking about the market fluctuations, we should always adopt a hold policy and be patient. Scary news is always coming in the market which causes many people to panic and sell their assets at a loss. Bad news and FUD are always spread under plans so that we sell our assets at a lower price.Fud spreaders buy our assets at cheap prices. So you are right that we always have to be patient to face all these things. So that we can earn a good profit.

Scary and altered news will continue to flow, and it's your good judgement that will going to lead you to keep being patience in order to make some decent profits from your investment, this news can be used to buy more while the price still cheap then hold and wait till you see the bull market then start to decide if you already reach the value that you wanted to take your profits, buy low and sell high can be performed when you have that good patience with you.

..Stake.com..   ▄████████████████████████████████████▄
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dunfida
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August 10, 2023, 11:53:29 PM
 #135

With patience, we will get a lot of profit, the best strategy when we want profit in cryptocurrencies is to be patient, many people are afraid and worry because FUDS on the internet so that they sell with loss conditions, of course this is a mistake because it will make them regret for selling loss .

It is true that those who are consistent in the crypto currency market are always successful. Of course, patience is the best strategy and there are always fluctuations in the crypto currency market, but instead of panicking about the market fluctuations, we should always adopt a hold policy and be patient. Scary news is always coming in the market which causes many people to panic and sell their assets at a loss. Bad news and FUD are always spread under plans so that we sell our assets at a lower price.Fud spreaders buy our assets at cheap prices. So you are right that we always have to be patient to face all these things. So that we can earn a good profit.

Scary and altered news will continue to flow, and it's your good judgement that will going to lead you to keep being patience in order to make some decent profits from your investment, this news can be used to buy more while the price still cheap then hold and wait till you see the bull market then start to decide if you already reach the value that you wanted to take your profits, buy low and sell high can be performed when you have that good patience with you.
If you are that someone who do lack experience and awareness then for sure you would really be having that kind of impulsive approach and reaction on things but on the time that you would really be having that proper
experience and knowledge then you wont really be that impulsive when it comes to things which you could really be able to assess on the things that you must do. It is really just that a matter on what actions you would be making. This market is always or been in default to be volatile and if you are really that someone doesnt have that kind of patience then you would be most likely be making up some bad decisions which would be resulting
into that loss of money or negatives which is something that we dont really like. Try to have that calm approach when it comes to things on which it is really just that right that you should act accordingly on what
you have learned and experience in the past.

cryptomaniac_xxx
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August 11, 2023, 08:30:19 PM
 #136

With patience, we will get a lot of profit, the best strategy when we want profit in cryptocurrencies is to be patient, many people are afraid and worry because FUDS on the internet so that they sell with loss conditions, of course this is a mistake because it will make them regret for selling loss .

It is true that those who are consistent in the crypto currency market are always successful. Of course, patience is the best strategy and there are always fluctuations in the crypto currency market, but instead of panicking about the market fluctuations, we should always adopt a hold policy and be patient. Scary news is always coming in the market which causes many people to panic and sell their assets at a loss. Bad news and FUD are always spread under plans so that we sell our assets at a lower price.Fud spreaders buy our assets at cheap prices. So you are right that we always have to be patient to face all these things. So that we can earn a good profit.

I guess when you talk about consistency, I believed that it is about the buying? DCA or any other strategy that you go all year out to stack bitcoin in your wallet. Because it is one of the best way to really become successful here. It's not about the bad news and FUD around, we need to understand that it's part of the market and there are really individuals who are going to throw mud in the market to create fear amongst investors.

But if you deter from listening to it, and just keeps going. Buying when the price is down or even continue to buy even if there is an increased, then it's going to be a win-win situation for everyone.
Fredomago
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August 11, 2023, 11:58:18 PM
 #137

With patience, we will get a lot of profit, the best strategy when we want profit in cryptocurrencies is to be patient, many people are afraid and worry because FUDS on the internet so that they sell with loss conditions, of course this is a mistake because it will make them regret for selling loss .

It is true that those who are consistent in the crypto currency market are always successful. Of course, patience is the best strategy and there are always fluctuations in the crypto currency market, but instead of panicking about the market fluctuations, we should always adopt a hold policy and be patient. Scary news is always coming in the market which causes many people to panic and sell their assets at a loss. Bad news and FUD are always spread under plans so that we sell our assets at a lower price.Fud spreaders buy our assets at cheap prices. So you are right that we always have to be patient to face all these things. So that we can earn a good profit.

Scary and altered news will continue to flow, and it's your good judgement that will going to lead you to keep being patience in order to make some decent profits from your investment, this news can be used to buy more while the price still cheap then hold and wait till you see the bull market then start to decide if you already reach the value that you wanted to take your profits, buy low and sell high can be performed when you have that good patience with you.
If you are that someone who do lack experience and awareness then for sure you would really be having that kind of impulsive approach and reaction on things but on the time that you would really be having that proper
experience and knowledge then you wont really be that impulsive when it comes to things which you could really be able to assess on the things that you must do. It is really just that a matter on what actions you would be making. This market is always or been in default to be volatile and if you are really that someone doesnt have that kind of patience then you would be most likely be making up some bad decisions which would be resulting
into that loss of money or negatives which is something that we dont really like. Try to have that calm approach when it comes to things on which it is really just that right that you should act accordingly on what
you have learned and experience in the past.

That's the reason why you need to be specific as there are always pressures that may cause you to a wrong decision making, it's important to have a clear mind when dealing with your investment, it's not a quick decision thing but more on being calm and patience while waiting for your set targets, though sometimes you need to react quick but from most of the time that move may lead you to a wrong impressions and will possibly cause you regrets once the market starts to bounce back and delivered the target that you originally have in mind but due to volatility you been move by that wrong impressions inside the market.

..Stake.com..   ▄████████████████████████████████████▄
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Sexylizzy2813
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August 13, 2023, 11:08:29 AM
 #138

The type of investor who is successful and can be rich is always patient and not panic, as long as there are positive thoughts about Bitcoin, we should not ever be easy to sell even though we have got a profit, I also regret it for selling a lot of bitcoin in 2018 when the price is around $ 8000, If I can hold partially and sell in 2021 when the price is at least $ 56k then many things I can buy now.

The type of investor that's not patient can also be rich when he or she uses that desperation to sell thinking that the prize might not be in his favor, sometimes we should look at it this way there's no patient and inpatient investors. Is just your instincts, ones you follow it things might be in your favor so I don't think we have type of investor who are successful. Iss just up to us to decide when to pull out or not.

R


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fzkto
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August 13, 2023, 11:14:52 AM
 #139

The type of investor who is successful and can be rich is always patient and not panic, as long as there are positive thoughts about Bitcoin, we should not ever be easy to sell even though we have got a profit, I also regret it for selling a lot of bitcoin in 2018 when the price is around $ 8000, If I can hold partially and sell in 2021 when the price is at least $ 56k then many things I can buy now.

The type of investor that's not patient can also be rich when he or she uses that desperation to sell thinking that the prize might not be in his favor, sometimes we should look at it this way there's no patient and inpatient investors. Is just your instincts, ones you follow it things might be in your favor so I don't think we have type of investor who are successful. Iss just up to us to decide when to pull out or not.
The market usually goes against psychology and instincts, which can be called a kind of casino. Remember how many times it was like this when you bought a coin and then the price started to fall. Then you sold at a loss and the price started to rise. So you cannot rely on instincts here. The other thing is when you actually bought at the top when there was hype, in that case it is wise to sell to buy cheaper. But still patience is really the best strategy.

.
HUGE
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Weawant
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August 13, 2023, 12:35:48 PM
 #140

The type of investor that's not patient can also be rich when he or she uses that desperation to sell thinking that the prize might not be in his favor, sometimes we should look at it this way there's no patient and inpatient investors. Is just your instincts, ones you follow it things might be in your favor so I don't think we have type of investor who are successful. Iss just up to us to decide when to pull out or not.

Investing in Bitcoin isn't about your emotions or instincts, if you follow only those then you're not investing or trading depending on which you're doing. As an investors all you have to do is to buy and hold. Having patience with your investment is the best way to invest in Bitcoin.

Those that depends on their instincts don't become profitable in a very long run, they can have some few lucks but if you want to become very profitable, you have to be fearful when everyone is bullish and be bullish when everyone is been fearful like in the bear market season.

During the bear market while Bitcoin is dumping, you have to be accumulating it and you'll get it at a very cheap prices. After accumulating you just have to wait for the bull market and sell them at the price that suits you. You can wait for all time highs and sell all or slowly.

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August 13, 2023, 01:26:58 PM
 #141

The market usually goes against psychology and instincts, which can be called a kind of casino. Remember how many times it was like this when you bought a coin and then the price started to fall. Then you sold at a loss and the price started to rise. So you cannot rely on instincts here. The other thing is when you actually bought at the top when there was hype, in that case it is wise to sell to buy cheaper. But still patience is really the best strategy.
I was not certain if this really happened, it might but not always. Because if you are really true investor, you don't make a decision that makes you lose like selling at a low price while buying it high. In crypto investment or in any form of investment, those can wait only to be rewarded but those who are patient will suffer the consequences. It is about accepting that not all investors are true to their goal, some eventually change as the market changes as well and so only those who can afford to wait will win the prize.



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August 13, 2023, 09:13:10 PM
 #142

I was not certain if this really happened, it might but not always. Because if you are really true investor, you don't make a decision that makes you lose like selling at a low price while buying it high. In crypto investment or in any form of investment, those can wait only to be rewarded but those who are patient will suffer the consequences. It is about accepting that not all investors are true to their goal, some eventually change as the market changes as well and so only those who can afford to wait will win the prize.
The strategy may change and there will be adjustments to the original strategy.
But if they change the strategy by selling at low prices, the decision is certainly a desperate decision and quite panicked by the decline that occurred.
 
Investors who have been in crypto for a long time will never do that, because it can indeed be detrimental.
It should have good management so that when the price crashes there are funds to buy back, not cut loss.
Those who cannot be patient will not get anything and only losses they can get.
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August 13, 2023, 10:57:46 PM
 #143

I was not certain if this really happened, it might but not always. Because if you are really true investor, you don't make a decision that makes you lose like selling at a low price while buying it high. In crypto investment or in any form of investment, those can wait only to be rewarded but those who are patient will suffer the consequences. It is about accepting that not all investors are true to their goal, some eventually change as the market changes as well and so only those who can afford to wait will win the prize.
The strategy may change and there will be adjustments to the original strategy.
But if they change the strategy by selling at low prices, the decision is certainly a desperate decision and quite panicked by the decline that occurred.

One thing we must make sure of if we invest in Bitcoin for the long term, we must assure ourselves that we have enough funds for our needs.  We have a good source of income that will support our family's daily needs so that we won't be forced to sell our Bitcoin investment at a loss.


Investors who have been in crypto for a long time will never do that, because it can indeed be detrimental.
It should have good management so that when the price crashes there are funds to buy back, not cut loss.
Those who cannot be patient will not get anything and only losses they can get.

Only people who have enough funds to support their needs and future needs are able to not touch their Bitcoin investment.  No matter how talented or patience a trader or investor is, if he came to an incident where he needs a huge amount of money but has no way to get it but sell his holdings can't do anything but sell his holdings at a loss.
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August 14, 2023, 03:34:29 AM
 #144

as a btc investor, of course you have to be patient because if you are impatient, of course, it will be potentially difficult to get profits, but for those who are patient, of course it will produce maximum results, and to be honest, I personally will only sell btc above $ 40k.

op you are very lucky because you can buy btc at a price of $20k.
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August 14, 2023, 08:51:32 AM
 #145

Investing in Bitcoin isn't about your emotions or instincts, if you follow only those then you're not investing or trading depending on which you're doing. As an investors all you have to do is to buy and hold. Having patience with your investment is the best way to invest in Bitcoin.

I believe dealing with Bitcoin doesn't have to do with emotions but instinct too. You don't need to follow those two per say, things in the trading sector is some how tricky so I'd say investors need to be careful in whatever way they're using to trade even the patterns that favors them. If you have no patience things won't work well and you'll think that you're not doing the right thing, like they say "the patient dog eat the fattest bone", that's how it is.

Quote
Those that depends on their instincts don't become profitable in a very long run, they can have some few lucks but if you want to become very profitable, you have to be fearful when everyone is bullish and be bullish when everyone is been fearful like in the bear market season.

Well not all but you have to know that luck doesn't come to everyone at the same time, you can be profitable today while the next person won't so even those who doesn't follow their instinct can sometimes run out of luck, bear in mind that you mustn't be on the lucky side at all time.

R


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August 14, 2023, 09:45:49 AM
 #146

The market usually goes against psychology and instincts, which can be called a kind of casino. Remember how many times it was like this when you bought a coin and then the price started to fall. Then you sold at a loss and the price started to rise. So you cannot rely on instincts here. The other thing is when you actually bought at the top when there was hype, in that case it is wise to sell to buy cheaper. But still patience is really the best strategy.
I was not certain if this really happened, it might but not always. Because if you are really true investor, you don't make a decision that makes you lose like selling at a low price while buying it high. In crypto investment or in any form of investment, those can wait only to be rewarded but those who are patient will suffer the consequences. It is about accepting that not all investors are true to their goal, some eventually change as the market changes as well and so only those who can afford to wait will win the prize.

Those who can afford to wait and have that good understanding why they needed to wait will earn good compensations while those who are unsure with how they practice their investment strategy may be shake when something not good is happening inside the market, chances for them to be break out and sell in fear is possible.

It takes time to understand and learn how good anticipation will help. More on taking your good calls while patiently waiting
with how the momentum will favor your side or your position with your trade.

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August 14, 2023, 10:00:51 AM
 #147

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.

an important reason why we have to set a price target on bitcoin is so that we don't regret it in the future, the price of bitcoin is very volatile, even tomorrow the price of bitcoin could go to $ 40k or even drop to $ 20k.
btw, I have several mbtc that I hold, I have a target price of around $ 80k, why did I choose a target price of $ 100k because I see that market sentiment towards bitcoin is still not very good, there are still many interventions from governments in various countries.
Patience is the key to investment success, no patient person fails, they will always succeed, that is the fruit of patience.



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August 14, 2023, 10:12:03 AM
 #148

The market usually goes against psychology and instincts, which can be called a kind of casino. Remember how many times it was like this when you bought a coin and then the price started to fall. Then you sold at a loss and the price started to rise. So you cannot rely on instincts here. The other thing is when you actually bought at the top when there was hype, in that case it is wise to sell to buy cheaper. But still patience is really the best strategy.
I was not certain if this really happened, it might but not always. Because if you are really true investor, you don't make a decision that makes you lose like selling at a low price while buying it high. In crypto investment or in any form of investment, those can wait only to be rewarded but those who are patient will suffer the consequences. It is about accepting that not all investors are true to their goal, some eventually change as the market changes as well and so only those who can afford to wait will win the prize.

Those who can afford to wait and have that good understanding why they needed to wait will earn good compensations while those who are unsure with how they practice their investment strategy may be shake when something not good is happening inside the market, chances for them to be break out and sell in fear is possible.

It takes time to understand and learn how good anticipation will help. More on taking your good calls while patiently waiting
with how the momentum will favor your side or your position with your trade.

At first sight it may seem that "riding the wave" is easy, but it's not as simple as "buying low and selling high" as these limits are subjective. So it is a good idea to set an objective goal, for instance: -when Bitcoin hits 50k I will be able to pay the credit for the car; or -at 60k I will liquidate half of my mortgage. If the price is met, then you got happy and the goal was achieved. Otherwise, you may think: - I'll wait so I can buy a luxury car, or pay 100% of my mortgage. But then price plummets and you get nothing.

That's why it's better to achieve some real objectives with a percentage of your coins and, with the remaining, you can still dream on a dear life, but with the backs covered.

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August 14, 2023, 10:42:26 AM
 #149

Patient is one of the key every BTC holders must embrace when waiting for bull market to come, because is a type of season every long and short BTC holders want to see before the end of the year before they can visit the market to sell. I bought BTC early last year when the price was $20k, and the price has taken a good step early this year to hit $30k which is very close to my expectations before I will start selling my BTC to have another opportunity to buy and hold for another bull to come. If you can endure with the current price situation, and hold not to allow any challenges make you to sell in this condition, I guess you will make a huge amount of profits from your holding soon. If the price of BTC reach $40k next month will you sell? I know many people will not sell until the price reach $100k, which it will take a long years before such dream will come to pass. What is your opinion.
Patients is indeed a key component in bitcoin investment, this is so because the vast majority almost 100% of the total bitcoin investor have no idea of where the next Bitcoin price is going to be, and what directions the price will take so at that m, we all have to put measures in place to sustain us through whatever outcome the price brings out.

But if you in for a long term base, then you have less to worry since you already at profits since you but in price was 20k and at the moment Bitcoin have recovered long above that buy price, so for that, you have all the motivations to keep holding your Bitcoin and waiting for you set time to make out the profits you desired.

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August 14, 2023, 11:10:22 AM
 #150

The market usually goes against psychology and instincts, which can be called a kind of casino. Remember how many times it was like this when you bought a coin and then the price started to fall. Then you sold at a loss and the price started to rise. So you cannot rely on instincts here. The other thing is when you actually bought at the top when there was hype, in that case it is wise to sell to buy cheaper. But still patience is really the best strategy.
I was not certain if this really happened, it might but not always. Because if you are really true investor, you don't make a decision that makes you lose like selling at a low price while buying it high. In crypto investment or in any form of investment, those can wait only to be rewarded but those who are patient will suffer the consequences. It is about accepting that not all investors are true to their goal, some eventually change as the market changes as well and so only those who can afford to wait will win the prize.

Those who can afford to wait and have that good understanding why they needed to wait will earn good compensations while those who are unsure with how they practice their investment strategy may be shake when something not good is happening inside the market, chances for them to be break out and sell in fear is possible.

It takes time to understand and learn how good anticipation will help. More on taking your good calls while patiently waiting
with how the momentum will favor your side or your position with your trade.

At first sight it may seem that "riding the wave" is easy, but it's not as simple as "buying low and selling high" as these limits are subjective. So it is a good idea to set an objective goal, for instance: -when Bitcoin hits 50k I will be able to pay the credit for the car; or -at 60k I will liquidate half of my mortgage. If the price is met, then you got happy and the goal was achieved. Otherwise, you may think: - I'll wait so I can buy a luxury car, or pay 100% of my mortgage. But then price plummets and you get nothing.

That's why it's better to achieve some real objectives with a percentage of your coins and, with the remaining, you can still dream on a dear life, but with the backs covered.
That's right. But there are some people who bought solana for example for 100-150-200 dollars. It seems to me that patience for such people will only be foolishness. Mistakes sometimes also need to be recognized and corrected, gaining precious experience. Only having mistakes and experience in the cryptocurrency market you can learn to act correctly and make profit.

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August 14, 2023, 04:42:36 PM
 #151

as a btc investor, of course you have to be patient because if you are impatient, of course, it will be potentially difficult to get profits, but for those who are patient, of course it will produce maximum results, and to be honest, I personally will only sell btc above $ 40k.
As long as it's a profit level for you, I don't think it would be wrong for you to sell it when the Bitcoin price is over $40K in the market. But don't ever regret it when you see a Bitcoin price that is much higher than that after you sell it, because usually some people will be very reluctant to buy again at a higher price when they have sold it at a lower price before.

Quote
op you are very lucky because you can buy btc at a price of $20k.
The luck that OP got himself was also inseparable from the courage that was in him in terms of buying Bitcoin at a price of $ 20K and I think that a price of that size will not be seen again this year so OP will only benefit through the efforts he has done before . So you also have to be motivated by this and also don't be afraid to buy and don't ever regret selling it.
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August 15, 2023, 07:46:49 AM
 #152

-snip-
Only people who have enough funds to support their needs and future needs are able to not touch their Bitcoin investment.  No matter how talented or patience a trader or investor is, if he came to an incident where he needs a huge amount of money but has no way to get it but sell his holdings can't do anything but sell his holdings at a loss.
Therefore, the initial management of funds used for investment must be carefully considered.
The money used must be money that can afford to lose and will not be used for other needs, even urgent ones.

If an investor still sells his ownership for other urgent needs, then he has failed to become an investor and is not competent with the strategies he applies.
Selling his holdings at a loss will stop the investment that has been built from the beginning unless he will enter again at a lower price.
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August 15, 2023, 09:57:10 PM
 #153

Therefore, the initial management of funds used for investment must be carefully considered.
The money used must be money that can afford to lose and will not be used for other needs, even urgent ones.

If an investor still sells his ownership for other urgent needs, then he has failed to become an investor and is not competent with the strategies he applies.
Selling his holdings at a loss will stop the investment that has been built from the beginning unless he will enter again at a lower price.
What you convey is quite appropriate because investing using cold money will make the situation more comfortable in the long run. Because we won't be burdened by falling prices because we don't have to sell our holdings. Investing with cold money will also convince us to hold it in the long term because we will be ready to accept this investment under any circumstances if it happens in the future.

As the op said we just need a firmer patience and level of conviction in the investments we make because changing market conditions will bring something bigger to the target we want in our investment. i think BTC will list a new ATH so we just have to relax without having to think about when it will come. In other words buy and hold it will be the right way to achieve success in Bitcoin investment.

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August 16, 2023, 04:26:49 PM
 #154

-snip-
Only people who have enough funds to support their needs and future needs are able to not touch their Bitcoin investment.  No matter how talented or patience a trader or investor is, if he came to an incident where he needs a huge amount of money but has no way to get it but sell his holdings can't do anything but sell his holdings at a loss.
Therefore, the initial management of funds used for investment must be carefully considered.
The money used must be money that can afford to lose and will not be used for other needs, even urgent ones.

If an investor still sells his ownership for other urgent needs, then he has failed to become an investor and is not competent with the strategies he applies.
Selling his holdings at a loss will stop the investment that has been built from the beginning unless he will enter again at a lower price.

That's why aside from your investment, or before having a commitment with investments. It is always advisable to have another saving and an emergency funds first. Because you don't know when will be the lowest low of your life will hit you. And when it does, you are prepared. You no longer need to sell your assets or positions. You are more confident to reinvest and no pressure to make money faster and easier because you made your life settled first because making bigger risk with your investments.

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August 16, 2023, 11:54:31 PM
 #155

-snip-
Only people who have enough funds to support their needs and future needs are able to not touch their Bitcoin investment.  No matter how talented or patience a trader or investor is, if he came to an incident where he needs a huge amount of money but has no way to get it but sell his holdings can't do anything but sell his holdings at a loss.
Therefore, the initial management of funds used for investment must be carefully considered.
The money used must be money that can afford to lose and will not be used for other needs, even urgent ones.

If an investor still sells his ownership for other urgent needs, then he has failed to become an investor and is not competent with the strategies he applies.
Selling his holdings at a loss will stop the investment that has been built from the beginning unless he will enter again at a lower price.

That's why aside from your investment, or before having a commitment with investments. It is always advisable to have another saving and an emergency funds first. Because you don't know when will be the lowest low of your life will hit you. And when it does, you are prepared. You no longer need to sell your assets or positions. You are more confident to reinvest and no pressure to make money faster and easier because you made your life settled first because making bigger risk with your investments.
Just like in my condition now on which im in the verge or the situation on which im really that struggling because i dont really have any savings that had been set aside for emergency things which i did really struggle out
and this is why it is really that important that you have set aside some of the amounts you are earning into some little portion to savings and the rest would really be put up on investment. Dont go all in which it is really true that there are moments in life on which you would definitely be experience these kind of hardship on which leading you on needing to have some extra funds to begin with or able to resolve it out. This is why it is really that very relevant or really that important on having savings because if you have none then it would really be resulting on taking up some loans which it would really be putting into more trouble knowing that we would be needing to pay up some interest. This is why if you are solely that depending on your investment returns or profits and problems exist on point then you cant really pull out anytime.We know that if the market is really that low then we cant really just able to sell out in loss and its not something that wise on doing so.

R


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