Lucius
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Eternal Thanks and Glory to the City of Heroes
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October 12, 2023, 10:47:35 AM |
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~snip~ Don't get me wrong, I'm not against holding, nor am I getting frustrated, at least not yet; I did it in the past and regretted it, even though my only source of income is signature campaigns. It's just that sometimes you can't stop the thoughts from circling around your head. I generally didn't bother to even look at it's price, but I've recently started feeling a little wearied. Perhaps it has to do with the life-induced stress that I've discussed in a previous thread. Who knows? How do you cope with waiting?
The problem is precisely that most people are waiting for something to happen because they are only interested in profit, and the frustrations you mention are most expressed precisely at a time when the price of BTC is relatively stable. I stopped thinking that way a long time ago because it simply does not lead anywhere, and instead you should try to live without high expectations and accept that you cannot influence the price of BTC. In addition, if you believe that the four-year cycle is still something that is in play, then you have no reason to be frustrated because we are still in the accumulation phase and everything that is currently happening has already happened several times, only the numbers were different. I well remember how frustrated people were during 2015 when the price of BTC was just above $200 and some said it would never reach $1000 again, but look where we are today
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Nrcewker
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October 12, 2023, 10:56:07 AM |
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Definitely one person who waits will always feel tired of waiting. No one likes to wait especially when there is involvement of money in it. Everyone likes to make quick money without waiting, or you can say they want money overnight only. But the real catch is that, when you wait and show patience, you make less losses and make good profits. These are often misunderstood by the traders and hence they don’t make enough profits from it.
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DabsPoorVersion
Sr. Member
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www.Artemis.co
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October 12, 2023, 11:00:55 AM |
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Its why you need to participate in betting on casinos to pass time. Because the longer we wait for another bull market, the frustration also bubbles as funds drain
Gotta get your world spicy while waiting so you on't be tempted to sell your stash and run. Too late for that, the waitmis almost over. Relax, watch news on crypto, economies around the world and the wars thats happenning.
I think joining a casino is just a place for entertainment after stressful working hours, not a place to kill time. It would be a waste of time if you gamble all day just to kill time. Not to mention if you lose and decide to go all in with the dealer, what will you have left? Instead, I will work more and check prices or market conditions less. Or at the end of the day, spending time with family, and children...will be better than just focusing on gambling all day. But I don't find anything too boring or tiring because this is not the first time we are eagerly waiting for the bull season. Additionally, if ever you gamble and you keep losing, there's a high possibility that the bitcoin you are holding will be used in gambling. Looking for more money, and what is on your mind is you have your own holding that you can use and replace in the hope that you win in gambling. Instead of having a holding as you are waiting for the next bullrun, you would probably have no holdings when that happen because you have already used it in gambling. That's the better way to make yourself busy, spend your time with your family, make the most of time time to be with them as it is the most enjoyable thing in life. You will lose track of the time and it is really effective.
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bakasabo
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October 12, 2023, 11:04:01 AM |
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People are tired of waiting because they have high expectations and react to every price move. People think that the price would only grow. And when they see noticeable price changes, they think that this is that growth that gonna update ATH. But when they see that their expectation failed, they get tired of waiting. Best way not to get tired - hold and forget about your holding; dont even check prices.
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Dzwaafu11
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October 12, 2023, 11:16:38 AM |
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However, I'm often wondering: do you ever feel tired of waiting for Bitcoin to thrive? The past few months, or the whole past year—I'm not sure I've lost track of time—have been quite stale. Bitcoin has been ranging between $25.000 and $28.000 for quite a while. The volatility compared to other periods is lower than we're used to, or at least, to what I was used to in the past.
For an investor to avoid this type of emotion, they said you should be ready to hold for a very long time and with the amount you can afford to lose before your investment so that when you invest, you won’t bore yourself about the money you have already invested in. However, any investor who knows how the market works and has witnessed bull markets in the past will not get tired of his investment because he knows that it will repeat itself. However, when you talk about the market, I believe you have been here for a long time, so I’m expecting you to know how the market works. This is a common challenge people usually have when hodling Bitcoin, they get worried of the market because they are looking up to what they will gain from their investment in a particular time. One thing I have come across it is impossible to invest without being panic using a money that can can't be afforded to lose.
I always view people who panic when the price of bitcoin goes down as people who still lack the basic knowledge of this investment we are into. I always see that they just heard about it and decided to invest; they don’t bother to learn how the market works first. Or they use huge amounts of money to invest, expecting a big return in a short period of time, which is impossible, but they don’t know, so when they see their money going, they start panicking. Which will even result in them selling their investment at a cheaper price without making any profit.
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KiaKia
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October 12, 2023, 11:25:07 AM |
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I feel you OP, and the truth part is when people start feeling tired of holding something new is already coming, I just feel my strength more when people lose hope, this is me, this confusion happens to those who don't have lot going on in their life, they stare at Bitcoin chart everyday around the clock, but I don't, my focus isn't about today, my plans aren't ever about the present, I have make myself in such way that today is for you to live and enjoy but when it comes to financial freedom it's always about tomorrow, I just find it easier to hold now than I used to believe in the past years, I believe I was not this strong in those days.
Find something to do with your time, you are giving in to emotion if you keep looking at the present price action, I still believe that Bitcoin can go back to 20k and I am fully prepared for that dump too, if you are complaint about getting tired while holding Bitcoin, how about those that have been holding since 2016? There are whales that are doing this right from the start.
They found this easy because they have other things they spend time with in life, it's not always about investing for them, they spend time with family, go out and have fun do some fun things just to kill time, I am never tired of waiting because I understand Bitcoin and the market in general, I've grown past reacting to every bitcoin moves.
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letteredhub
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To be honest, I've had this question for quite a while. I keep seeing people claiming to just hold and hold; it'll take one, two, three, or whatever years for the next bull market. However, I'm often wondering: do you ever feel tired of waiting for Bitcoin to thrive? I personally take bitcoin as a store of value even though that's not the primary purpose of Satoshi creating the coin. But as a store of value to retain the value of my money when compared to how many years I have left same money in a traditional bank account without added interest instead the fiat value keeps depreciating. When inwrap this thought around me head I don't see any reason why I should feel tired of holding bitcoin no matter how long the next bull market delays it better than having it rest in a bank losing value that never appreciates. Onthink about it that way and keep holding never getting tired. Don't get me wrong, I'm not against holding, nor am I getting frustrated, at least not yet; I did it in the past and regretted it, even though my only source of income is signature campaigns. It's just that sometimes you can't stop the thoughts from circling around your head. I generally didn't bother to even look at it's price, but I've recently started feeling a little wearied. Perhaps it has to do with the life-induced stress that I've discussed in a previous thread. Who knows? How do you cope with waiting?
Use a part of the whole money you have earned from signature campaigns and make yourself self-employed by opening a business that can be giving you some profits conversely an alternative source of income for you. The thought would keep wrapping around your head if you don't make for yourself another source of income because all your responsibility are focused on the signature campaigns payments and you can't comfortably save and at same time meet your challenging needs with just signature pays that's why you feel tired of hodling. With the increasing inflation one source of income is never enough.
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famososMuertos
Legendary
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LE ☮︎ Halving es la purga
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October 12, 2023, 11:40:12 AM |
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Sometimes you have to keep in mind that this patience depends on your experience but also on your capital and diversification of your investments.
That is, one should see the net of the investments and then go to the analysis of each of them, some must have profitability and if not, wait or reinvest.
But in the case of have only an investment, bitcoin, if you get "stressed", although you mention "tired of waiting" perhaps it is some other psychological symptom, anxiety
Bitcoin requires doing many things intrinsically related to commerce to see profits in the short term.
If you are close to some personal investment and you need that money invested in bitcoin, first mistake if you are going to hold and you have not made profits, in fact it is possible that you are in losses, you must make a decision on what to do, it is not about I'm tired to wait.
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BenCodie
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October 12, 2023, 11:42:11 AM |
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Perhaps it has to do with the life-induced stress that I've discussed in a previous thread. Who knows? How do you cope with waiting?
I'm going to skip the rest of your post and just refer to this. This is what is causing your frustration. If you are stressed about things in life, you will stress about other things that maybe you don't need to, or, is irrational to stress about. Bitcoin is clearly an irrational thing to stress out about. You and I both know how Bitcoin works, we know how the market cycles work, and we know when is the appropriate time to expect something to happen. The fact is that there is really no need to expect anything from Bitcoin between now and 6 months after the halving in April 2024, being October 2024...even then, the Mtgox deadline might prolong the next cycle even longer than we are expecting, since the deadline was conveniently moved to that point. All you need to do is have patience, deal with what is stressing you out in life and find peace. Leave Bitcoin out of the picture, instead think of Bitcoin as one thing in your life that you don't need to stress about. If you want to stress about anything, stress about not having enough Bitcoin and stack some more!! (After life stresses are sorted out first, of course). Good luck on your journey
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Xcode7
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I personally take bitcoin as a store of value even though that's not the primary purpose of Satoshi creating the coin. But as a store of value to retain the value of my money when compared to how many years I have left same money in a traditional bank account without added interest instead the fiat value keeps depreciating. When inwrap this thought around me head I don't see any reason why I should feel tired of holding bitcoin no matter how long the next bull market delays it better than having it rest in a bank losing value that never appreciates. Onthink about it that way and keep holding never getting tired.
Maybe because you feel confident that there is nothing to wait for, but that is different from people who invest and want profits, especially by planning a certain time to take advantage. But, I think what you are doing is full of risk, the price of Bitcoin moves quickly and it is possible for price shifts to occur at any time, so if Bitcoin is used as storage there will be many possibilities that could happen. and I think feeling tired of waiting is a very common thing and certainly many of us have experienced that. Use a part of the whole money you have earned from signature campaigns and make yourself self-employed by opening a business that can be giving you some profits conversely an alternative source of income for you. The thought would keep wrapping around your head if you don't make for yourself another source of income because all your responsibility are focused on the signature campaigns payments and you can't comfortably save and at same time meet your challenging needs with just signature pays that's why you feel tired of hodling. With the increasing inflation one source of income is never enough.
Looking for income from other sources is indeed a very appropriate solution to avoid waiting for the price we want so that if life's needs are met I think this will slightly reduce the burden on the mind and also the waiting, actually the problem with waiting is due to the urgency of needs so if that has been fulfilled I think everything will be alright. And earning income in real life, in my opinion, is something we have to do, it's impossible to just expect it from here or from trading/investing in Bitcoin alone.
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kryptqnick
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Join the world-leading crypto sportsbook NOW!
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October 12, 2023, 12:01:11 PM |
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I've come to accept it years ago that Bitcoin moves through fast bull markets and long bear markets, or at least periods of stagnation. I was hard in 2018-2019, but I was ready for it this time. Perhaps the fact that I don't focus too much on the price and view Bitcoin more as a currency (or something like a safeguard against fiat inflation) also helps me with it. I guess I'm not tired of waiting because I'm not really waiting. I'm okay with the price, and seeing a nice growth is more of a bonus that a key feature to me.
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Fivestar4everMVP
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October 12, 2023, 12:02:01 PM |
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I do get this same feeling some times though, so I guess its nothing out of the ordinary, but let me say that, I only do feel this way when I get anxious to achieve something, and I realized or know that my investment in bitcoin could help me achieve such a thing with ease if only the price of bitcoin would double, triple or even do more.
But then, I always manage to come back to my senses and face reality for bitcoin is not a get rich quick scheme. Such feelings is sure very frustrating when it comes, but I do well to get over it, with the realization that I have not even accumulated enough Bitcoin to make me the kind of money I want in life, this have always been one way I get myself motivated again to keep going and not step back.
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Bitcoinpoly
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October 12, 2023, 12:08:48 PM |
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To be honest, I've had this question for quite a while. I keep seeing people claiming to just hold and hold; it'll take one, two, three, or whatever years for the next bull market. However, I'm often wondering: do you ever feel tired of waiting for Bitcoin to thrive? The past few months, or the whole past year—I'm not sure I've lost track of time—have been quite stale. Bitcoin has been ranging between $25.000 and $28.000 for quite a while. The volatility compared to other periods is lower than we're used to, or at least, to what I was used to in the past.
I feel that there isn't too much excitement and this adrenaline feeling anymore; suddenly you'd see Bitcoin climb or crash; you'd be curious when it'd stop, what your next move would be, or simply feel accomplished seeing your money's value grow. Price movements are quite insignificant at this point compared to the huge pumps or dumps that occurred in 2020 or 2021.
Don't get me wrong, I'm not against holding, nor am I getting frustrated, at least not yet; I did it in the past and regretted it, even though my only source of income is signature campaigns. It's just that sometimes you can't stop the thoughts from circling around your head. I generally didn't bother to even look at it's price, but I've recently started feeling a little wearied. Perhaps it has to do with the life-induced stress that I've discussed in a previous thread. Who knows? How do you cope with waiting?
As a trader you shouldn’t trade with your savings, also as an holder you need to invest a good amount you’re not ready to use at the moment, you should equally learn to utilize giveaway and airdrop opportunities by exchanges in order get your start capital. Exchanges like Bitget, CoinW and Binance have good giveaway events to help earn rewards just like the Bitget turntable event.
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Texac
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October 12, 2023, 12:19:21 PM |
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To be honest, I've had this question for quite a while. I keep seeing people claiming to just hold and hold; it'll take one, two, three, or whatever years for the next bull market. However, I'm often wondering: do you ever feel tired of waiting for Bitcoin to thrive? The past few months, or the whole past year—I'm not sure I've lost track of time—have been quite stale. Bitcoin has been ranging between $25.000 and $28.000 for quite a while. The volatility compared to other periods is lower than we're used to, or at least, to what I was used to in the past.
I feel that there isn't too much excitement and this adrenaline feeling anymore; suddenly you'd see Bitcoin climb or crash; you'd be curious when it'd stop, what your next move would be, or simply feel accomplished seeing your money's value grow. Price movements are quite insignificant at this point compared to the huge pumps or dumps that occurred in 2020 or 2021.
Don't get me wrong, I'm not against holding, nor am I getting frustrated, at least not yet; I did it in the past and regretted it, even though my only source of income is signature campaigns. It's just that sometimes you can't stop the thoughts from circling around your head. I generally didn't bother to even look at it's price, but I've recently started feeling a little wearied. Perhaps it has to do with the life-induced stress that I've discussed in a previous thread. Who knows? How do you cope with waiting?
Although, I also expect my bitcoin investment to bring me great results, it is not my only source of income so I don't get tired of waiting. sometimes, I even wish the bear market could last as long as possible so I would have more time to accumulate bitcoins. furthermore, I understand that this is a battlefield and to win we need to be stronger than others. therefore, the more fierce the market, the more we can eliminate the weak hands, that is our opportunity.
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Jawhead999
Legendary
Offline
Activity: 1834
Merit: 1208
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October 12, 2023, 12:44:55 PM |
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That's because you're not busy enough and always think to make money through your investment, if your source of income isn't only through signature campaign, you will focus in your real life work or business to increase the income you would earn. Honestly you have a chance to move to other campaign that pay higher than $70/week, though it depends on your personal choice.
I actually don't care with Bitcoin price in short term, I know the updated Bitcoin price from this forum or article that I accidentally read it, not check through exchange, CMC or something like that.
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Woodie
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October 12, 2023, 02:41:57 PM |
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To be honest, I've had this question for quite a while. I keep seeing people claiming to just hold and hold; it'll take one, two, three, or whatever years for the next bull market. However, I'm often wondering: do you ever feel tired of waiting for Bitcoin to thrive?
Let's be honest here, the real hodlers holding for several years never comment on such threads and only get to be known once they move their coins after a couple of years. The rest of as just hodl for a quick flip and do this over and over again. The past few months, or the whole past year—I'm not sure I've lost track of time—have been quite stale. Bitcoin has been ranging between $25.000 and $28.000 for quite a while. The volatility compared to other periods is lower than we're used to, or at least, to what I was used to in the past.
Speaking from a traders point of view , a consolidating market is never fun to trade in and you don't want to be caught in it...and talking of the less volatile markets can we say the whale's are selling less these days as we await the coming of the halving I feel that there isn't too much excitement and this adrenaline feeling anymore; suddenly you'd see Bitcoin climb or crash; you'd be curious when it'd stop, what your next move would be, or simply feel accomplished seeing your money's value grow. Price movements are quite insignificant at this point compared to the huge pumps or dumps that occurred in 2020 or 2021.
Guess go with the follow and the fact the the cost of a whole Bitcoin is much higher than a few years back, nobody is being careless with their coins..
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tjtonmoy
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October 12, 2023, 03:09:09 PM |
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Price volatility of Bitcoin has decreased significantly and it will continue to decrease. As people are moving more toward HODL, we will see volatile market to settle down and maybe get stable at some point. Big movements will only happen when there is a big pump or big dump. For example, every bull run will create higher price and when people will sell their Bitcoin the price will dump again. We may see volatile market after every 4 years or so or in times of halving. Trading may not be a good choice in the future but those who HODL will be in profits. Rest assure that the price will increase during the halving and the bull run will begin. What is happening in the market right now is minor movements that don't matter for the long run. The only thing we can do is HODL and not worry about it. I'm not a very good trader, so market movements does not matter that much as long as I am not choosing to buy for holding. I will only try to find opportunities when the price is low. Otherwise, this small movements does not make me worry.
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Youngkhngdiddy
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October 12, 2023, 03:28:02 PM |
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Although, I also expect my bitcoin investment to bring me great results, it is not my only source of income so I don't get tired of waiting. sometimes, I even wish the bear market could last as long as possible so I would have more time to accumulate bitcoins. furthermore, I understand that this is a battlefield and to win we need to be stronger than others. therefore, the more fierce the market, the more we can eliminate the weak hands, that is our opportunity.
Well said, this is why I always tell everyone I have the chance to meet to always have more than one source of income to be free from the bounds of financial struggle. Bitcoin should be a long term investment if you’re looking at hitting the jack pot. Even those that enjoyed the first spike of Bitcoin were patient to see Bitcoin in it’s full glory. Patience is a virtue just so we know, there’s no harm in waiting.We are now given another opportunity to be able to partake in the next bull run now that most of the coin are low, this is the best time to jump in the opportunity. But while you wait get busy with something else that can be lucrative. Explore yourself and test your potentials so that waiting won’t be a problem. I don’t mind waiting, not after what we saw few years ago before the bear market came in. Those that were patient got the reward for their efforts and patience. I wouldn’t want to put my whole card in Bitcoin, I will love to try other things but make Bitcoin another source of investment I am working on. The interesting thing is that I can make it my long term savings plan. Instead of saving in the bank where I won’t get any interest couple with the poor currency Value of our country. This is time to feast let’s not miss the party this time, because the time will come eventually.
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benalexis12
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October 12, 2023, 03:34:51 PM |
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To be honest, I've had this question for quite a while. I keep seeing people claiming to just hold and hold; it'll take one, two, three, or whatever years for the next bull market. However, I'm often wondering: do you ever feel tired of waiting for Bitcoin to thrive? The past few months, or the whole past year—I'm not sure I've lost track of time—have been quite stale. Bitcoin has been ranging between $25.000 and $28.000 for quite a while. The volatility compared to other periods is lower than we're used to, or at least, to what I was used to in the past.
I feel that there isn't too much excitement and this adrenaline feeling anymore; suddenly you'd see Bitcoin climb or crash; you'd be curious when it'd stop, what your next move would be, or simply feel accomplished seeing your money's value grow. Price movements are quite insignificant at this point compared to the huge pumps or dumps that occurred in 2020 or 2021.
Don't get me wrong, I'm not against holding, nor am I getting frustrated, at least not yet; I did it in the past and regretted it, even though my only source of income is signature campaigns. It's just that sometimes you can't stop the thoughts from circling around your head. I generally didn't bother to even look at it's price, but I've recently started feeling a little wearied. Perhaps it has to do with the life-induced stress that I've discussed in a previous thread. Who knows? How do you cope with waiting?
No matter what other people say, as long as the only thing that matters is that you always stick to what you believe in, you should just accept their advice since you know that it will help you later on. Choose something that won't help you, but don't. Therefore, if you intend to store Bitcoin and other altcoins for a long time, you shouldn't become upset if your goal hasn't materialized before you decide to sell it. Simply hold onto your objective once you sell it because those are your possessions that you should value and look after.
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Blitzboy
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October 12, 2023, 04:32:48 PM |
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Your weariness with Bitcoin's seeming stagnation is relatable. Despite its success in prior cycles, "hold and wait," can be exhausting, especially now that Bitcoin's intensity and volatility seem to have subsided. Price stagnation, especially in a field where people are used to sudden swings and troughs, can dampen initial interest in this digital asset.
"Is it the monotony or the potential missed opportunities in other ventures that contribute more to the weariness of holding Bitcoin?" Consider this. How we handle stagnation may define our financial futures. Some cope by learning about other coins or investments, while others detach and faith in their assets' long-term stability. As we hold, how can we rekindle our enthusiasm and interest while being patient?
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