Bitcoin and patience

[Etranger]

It also depends on the responsibilities someone has. I just read again about taking out a loan to buy BTC. Honestly, if it is the year 2014, someone has little to no responsibilities, no family to feed and is at a young age and not exaggerating with the loan amount, I think it could be a risk that is worth taking. I have been reading some wild posts here in regards to financing BTC investments, like selling the wife's jewelry and stuff. But if someone decided to take out a moderate loan after crunching some numbers, knowing that if it goes wrong life would still go on quite comfortable, then why not go for it? I know people who have invested so much time into understanding BTC back at the time and if they came up with a well-considered approach to build their portfolio, loan money can be a component if someone understands the implications.

I am definitely not against loans, when it comes to business or investment projects. If someone has a prosperous plan and know how to make more money out of given, than a loan could be very effective instrument. Moreover, big estates are made with the usage of someone else`s money. It is normal situation and most of the people who are willing to achieve something take that risk.

[TelolettOm]

It's near impossible to be successful in crypto without patience, investing is another thing, knowing how to hold is another thing also.
Almost all the crypto millionaire in the crypto space are good holders, think about that!!

The better our patience, the least it can help us control ourselves well while holding Bitcoin. Investing in Bitcoin will always carry high risks, especially with the ups and downs of the price of Bitcoin itself, which really tests our patience. Many people fail to invest in Bitcoin because they lack patience. even thought that Bitcoin was over when the price was actually dropping in the bearish era yesterday. Of course this will have a big impact on our patience. Patience can help us be really strong in our commitment to holding, regardless of market conditions.

[SmartCharpa]

Bitcoin as a digital asset has taught me that patience is the key.
 initial the first time I came into the crypto industry I never knew how important patience was not until I experience last year in the crypto space where the start of Russia and Ukraine war crash the price of Bitcoin to 15k dollars,
other shit coin follow suit, but was even worse, fast-forward from then till now how Bitcoin has bounce back to it current price and is still climbing up,
those people that sold their holdings at a loss will be licking their wounds by now and thinking how they wish they hold on to it a little bit longer.

It's near impossible to be successful in crypto without patience, investing is another thing, knowing how to hold is another thing also.
Almost all the crypto millionaire in the crypto space are good holders, think about that!!

Monitoring the price of your holding everyday will earn you nothing, but since we are all humans, it will makes us want to react to some price changes which is not good for the goal of getting filthy rich in the crypto space.

When it comes to cryptocurrency, patience is required, which is something that every investor should understand before beginning an investment. Many people are now regretting selling their bitcoin at an early stage, feeling that they should have hold it until now, given the price of bitcoin has doubled from when they sold it for 15k dollars so we should always keep in mind that we can lose money when we make an investment, however, most people who are new to it seem to misunderstand bitcoin, believing that it is just like other investments that you will make and lose money if the price dump, we can't be making profit without losing anything.

We should realize that investors that become wealthy in cryptocurrencies do not make very easy, therefore we must be patient if we want to invest in bitcoin successfully. We cannot be watching the price of the assets we own, as this cannot ensure that we will profit.

[AVE5]

Patient in all sorts of life is virtue, I have always learn about the quality and impotence of exercising patient but it has always been unbearable to me. I would always find an alternative to hover on a shortcut or quick response literarily that I am most concerned about now and not later. It is just a thing I feels it is either a cheat or an inability to quick response.
But yeah. Here I come, I haven't had the experience in Bitcoin investments or trading yet but I am looking up to in a close time but meanwhile I am accumulating knowledges yet.
Along the lines in this forum where I have my Bitcoin classes, with no doubt of the high members who is effortlessly contributing to educating and sharing knowledges with experiences, all of them has emphasised that patient is the key to gaining the goal of a Bitcoin investors.
I have also learnt about the historical prices of Bitcoin which was in a minimal value of $0.09  since 2009 and has gradually appreciated even with its nature volatility with the prons and cons, the UPs and rhi DOWNs fluctuations and up to 2023 it has a value of $40sK and yet not at its bustop (maximum point).
Oh yeah patient is the key because most investors who sold their Bitcoin earlier either by impatient or with the believe that Bitcoin has reached its elastic point those who met Bitcoin appreciating but couldn't keep still to believe it would rise again at when the values goes biased. They all must be at great regrets.
With the whole of this, I am could be able to exercise my patient even off Bitcoin related stuffs  because I have learnt that patient is a tempting periods of time but if overcomed, there comes a great rewards with it.
It could be verbally, emotionally, financially, energymatically or otherwise.

[GeorgeJohn]

It's not only been patient is the ultimate in cryptocurrency investment, the more important things is to ensure that you have scrutinised the time you have to invest in bitcoin and times not to invest, when you invest during the time price of bitcoin is extremely low you will not be bothered or be conscious of your investment..in normal circumstances what makes people to lose in their investment is out of curiosity and patient is one of the elementary elements that contributes immensely for profit advantages of bitcoin investment.

[usekevin]

I am definitely not against loans, when it comes to business or investment projects. If someone has a prosperous plan and know how to make more money out of given, than a loan could be very effective instrument. Moreover, big estates are made with the usage of someone else`s money. It is normal situation and most of the people who are willing to achieve something take that risk.

The loan is also needed one at the time of business,because for the business one should keep inverse till he had reach the good position in their real business.Some of the successful story of poor business man will be started with the loan money,loan is not the bad thing.But we should build ourself to repay the loan,so you won’t be credited personally to some one.

It's not only been patient is the ultimate in cryptocurrency investment, the more important things is to ensure that you have scrutinised the time you have to invest in bitcoin and times not to invest, when you invest during the time price of bitcoin is extremely low you will not be bothered or be conscious of your investment..in normal circumstances what makes people to lose in their investment is out of curiosity and patient is one of the elementary elements that contributes immensely for profit advantages of bitcoin investment.

To start your first investment in the trading of cryptocurrencies,you can make use of the Bitcoin as compared to other coin.Bitcoin was the stable currency in the crypto market,So the investment in bitcoin will back to you with some profit with the certain period of time.Bitcoin price was based on the demand of the particular time,the bitcoin help us to buy at low prices and withdrew the money with some good returns by crypto investment.

[virasog]

It also depends on the responsibilities someone has. I just read again about taking out a loan to buy BTC. Honestly, if it is the year 2014, someone has little to no responsibilities, no family to feed and is at a young age and not exaggerating with the loan amount, I think it could be a risk that is worth taking. I have been reading some wild posts here in regards to financing BTC investments, like selling the wife's jewelry and stuff. But if someone decided to take out a moderate loan after crunching some numbers, knowing that if it goes wrong life would still go on quite comfortable, then why not go for it? I know people who have invested so much time into understanding BTC back at the time and if they came up with a well-considered approach to build their portfolio, loan money can be a component if someone understands the implications.

I am definitely not against loans, when it comes to business or investment projects. If someone has a prosperous plan and know how to make more money out of given, than a loan could be very effective instrument. Moreover, big estates are made with the usage of someone else`s money. It is normal situation and most of the people who are willing to achieve something take that risk.

If you want to take loan and invest in bitcoin for long term that is not bad at all if you know what you are doing and you know the halving cycles. Ideally you will be willing to take loan for bitcoin investment, in a bear bitcoin market, when the prices are lower and this investment can pay you off big time.

However, if you invested in a bull market, you will be having a hard time if the prices went down and also when that is investment is based upon the loan, it even hurts you much seeing the portfolio down.

[oktana]

The cool thing is that the patience isn’t just about when you need to invest in Bitcoin; your life as a whole needs patience, so well done to Bitcoin for making you practice patience a lot more. Patience in important in all we do because most times the result we want grow from the actions we take, but we need to be patience for that growth to happen. It may not be the moment you want it, but if you hold on, Bitcoin, life challenges, anything, you will reap the due fruits you deserve for having being patient.

[bayu7adi]

Bitcoin as a digital asset has taught me that patience is the key.

It could be true, it could be not like that. Many people find success in the crypto world, but they didn't just rely on their patience to achieve it. There are other things like the power of their influence, their financial strategies, the investment techniques they use, and so on. The key is not just patience... if patience were the key, those who have been in crypto for a long time should be richer than CZ or Elon Musk (when he started his first tweets about Bitcoin and crypto).

There are many other factors to achieve success with bitcoin, and patience is not the only key.. it's a part of the key. I agree more with your statement that monitoring prices won't increase wealth... we have to buy it.

[ancafe]

It's near impossible to be successful in crypto without patience, investing is another thing, knowing how to hold is another thing also.
Almost all the crypto millionaire in the crypto space are good holders, think about that!!

Monitoring the price of your holding everyday will earn you nothing, but since we are all humans, it will makes us want to react to some price changes which is not good for the goal of getting filthy rich in the crypto space.

Patience can lead anyone through the process of achieving success and greed will make someone experience big problems in investing. Bitcoin provides a solution for anyone and bitcoin can also bring financial freedom if invested correctly. But you also have to think that Bitcoin will not provide quick wealth because there is a balance of capital and profits from the investment process and vice versa for long-term holders.

It is natural for someone to frequently monitor prices, but they must have a strategy for investing in Bitcoin and not change their strategy too quickly when price changes in the market are being corrected. Long-term holders will be much more profitable because we can avoid price corrections in the market and most importantly remain calm.

[SquirrelJulietGarden]

Patience can lead anyone through the process of achieving success and greed will make someone experience big problems in investing. Bitcoin provides a solution for anyone and bitcoin can also bring financial freedom if invested correctly. But you also have to think that Bitcoin will not provide quick wealth because there is a balance of capital and profits from the investment process and vice versa for long-term holders.

Bitcoin is here, the market is here and available for everyone to participate in and find their chances to get rich, enrich their wealth but the market is always a zero-sum game.

Money will flow from losers to winners in the market and who are greed but don't have patience to wait for profit, will buy at top, sell at bottom and have loss. Their money will flow into wallets of winners in the market who are keen on patiently holding and investment. They don't need to trade, just buy and hold, wait for good prices to take profit.

The market is always spinning, up and down, with its own cycle from price to psychology.

he Psychology of market cycles.

[mamesso]

It is necessary to have a thorough understanding before investing in Bitcoin. When investing in Bitcoin, investors must be patient and stick to the investment plan that has been set. The very fluctuating price of Bitcoin means that investors have to be patient during an uncertain time period when they want to resell Bitcoin at a high price. Patience is really needed to achieve the profit target in Bitcoin investment, investors must put their trust in the periodic increase in the value of Bitcoin because Bitcoin has a value like gold with its basic properties or even exceeds the value of gold itself.

[kro55]

It also depends on the responsibilities someone has. I just read again about taking out a loan to buy BTC. Honestly, if it is the year 2014, someone has little to no responsibilities, no family to feed and is at a young age and not exaggerating with the loan amount, I think it could be a risk that is worth taking. I have been reading some wild posts here in regards to financing BTC investments, like selling the wife's jewelry and stuff. But if someone decided to take out a moderate loan after crunching some numbers, knowing that if it goes wrong life would still go on quite comfortable, then why not go for it? I know people who have invested so much time into understanding BTC back at the time and if they came up with a well-considered approach to build their portfolio, loan money can be a component if someone understands the implications.

I am definitely not against loans, when it comes to business or investment projects. If someone has a prosperous plan and know how to make more money out of given, than a loan could be very effective instrument. Moreover, big estates are made with the usage of someone else`s money. It is normal situation and most of the people who are willing to achieve something take that risk.

If you want to take loan and invest in bitcoin for long term that is not bad at all if you know what you are doing and you know the halving cycles. Ideally you will be willing to take loan for bitcoin investment, in a bear bitcoin market, when the prices are lower and this investment can pay you off big time.

However, if you invested in a bull market, you will be having a hard time if the prices went down and also when that is investment is based upon the loan, it even hurts you much seeing the portfolio down.

No one knows for sure and knows exactly when the market will increase and when the market will decrease. In the past, after halving we would have a bull market but what is the guarantee that things will repeat?

Borrowing money to invest is not advisable but it is not as bad as many people think as long as you have a good plan for it. For example, if you can even afford to repay that loan if things don't work out as you expected, there's no reason why we shouldn't borrow to invest. I mean, we can borrow money to invest but don't rely too much on it, find other ways to repay debt even if that investment doesn't bring as much profit as we expected. But if we don't have a job, don't have a stable income and don't know how to repay that loan if our investment loses money, we absolutely should not borrow money.

[Kaliandra]

in the crypto world, of course it is very full of challenges and there are many people who are not strong enough to face these challenges, and of course when the price of bitcoin goes down of course people who don't have extensive knowledge will panic and sell their bitcoins and result in losses, so in this case of course we have to Also learn from people who have experienced losses so that we don't follow them, and of course we also have to learn from people who have been strong enough to hold BTC until now, which of course will now bear sweet fruit because the price of BTC has risen to more than $40k.

Indeed, when investing in BTC you have to be patient because if you are not patient you will not make a profit, and usually people are impatient because they make the mistake of investing in BTC because they use capital that is not ready to be lost, so when the price of BTC falls they will panic and result in losses.

I think monitoring prices every day is not a problem as long as we are strong enough to hold on, but if we are not strong enough to hold on, of course it could be a good solution, namely not looking at prices every day. Yes, the point is that to achieve success, of course you have to be full of struggle and one of them is that we have to be strong and patient.

[Poker Player]

It also takes a lot of patience to see how many threads are opened in the forum of this style, which only focus on whether the price is going up or down, and where the OP once the thread is opened does not come back to comment on the answers that have been given. That way some of us run out of patience and put people on our ignore list.

[peter0425]

In the world of Bitcoin, patience and a well-researched strategy are key.
It's important to manage risks wisely and maintain emotional discipline, especially in response to global events impacting market dynamics. There isn't a one size fits all solution on to how to go about it,  

That is why we kept saying HODL because bitcoin is the best contender for that kind of investing , needed to trust the coin
not only for instant profit but also for long term so that said? patience is the key proven that bitcoin had proven how
many times that the increase happens each year and yes for 4 year cycle it will make more profits then.

[Gladitorcomeback]

Bitcoin as a digital asset has taught me that patience is the key.
 initial the first time I came into the crypto industry I never knew how important patience was not until I experience last year in the crypto space where the start of Russia and Ukraine war crash the price of Bitcoin to 15k dollars
other shit coin follow suit, but was even worse, fast-forward from then till now how Bitcoin has bounce back to it current price and is still climbing up,
those people that sold their holdings at a loss will be licking their wounds by now and thinking how they wish they hold on to it a little bit longer.

Yes crypto will not give you profit until you have not a practice of patience. The first thing I learned was to invest only extra money and the second that we should not have to sell in panics and keep patience In the bear season. What a good time to buy when the btc price drops to 15k ,maybe we will not see this price again. surprisingly I hear from some people that time when btc was below 20k that they are waiting for btc to drop below 10k and now they regrets why they not took entry that time. People who sold in panics are real loser and btc current price proves that only strong holder will win this race.

It's near impossible to be successful in crypto without patience, investing is another thing, knowing how to hold is another thing also.
Almost all the crypto millionaire in the crypto space are good holders, think about that!!

Monitoring the price of your holding everyday will earn you nothing, but since we are all humans, it will makes us want to react to some price changes which is not good for the goal of getting filthy rich in the crypto space.

Yes, a better holding strategy is worth a lot . we have to use our investment wisely. we should have a strong buying strategy (buy in every dip) and then completely forget for some time until we believe that now is best time to book profit and we will again get a chance to buy at a lower price.

[Omahabit]

Bitcoin as a digital asset has taught me that patience is the key.
 
It's near impossible to be successful in crypto without patience, investing is another thing, knowing how to hold is another thing also.
Almost all the crypto millionaire in the crypto space are good holders, think about that!!

Monitoring the price of your holdings everyday will earn you nothing, but since we are all humans, it will makes us want to react to some price changes which is not good for the goal of getting filthy rich in the crypto space.

Patience is the key to all successful investments, and it includes thoughtful risk management. Because of the volatility of the market, digital currencies such as bitcoin demand patience in addition to a measured risk. It will be simpler for you to make decisions free from greed and fear once you are aware of this.

Seeing or examining the market price every second stimulates fear and greed, which could negatively influence your decision. One of the best ways to make a safe long-term investment in the cryptocurrency market is to use dollar-cost averaging (DCA).

[Rockstarguy]

those people that sold their holdings at a loss will be licking their wounds by now and thinking how they wish they hold on to it a little bit longer.

People who sold their bitcoin quick when bitcoin price hits the bottom don't know bitcoin if they knew bitcoin they would not have rushed to sell because hodling Bitcoin when the price is low is an opportunity. It always good for beginners that are new to always make research about bitcoin and to know how the market was before now so that it can also help in the present and the future.

Bitcoin market as not change, what is happening in the market is nothing new , their is time for bull market and their is time for bear market.  When the price of bitcoin falls low it is an advantage for people to buy and hodl , no need to panic about the market and sell at lose . Hodling is the only way to make profit.

[Alpha Marine]

And it's not easy to be patient. It's hard. Seeing Bitcoin prices falling and the value of your coins dropping rapidly triggers a lot of emotions. You'll be torn between selling at a loss or leaving it. You have to know it's not easy. You need a lot of trust in Bitcoin and to know that if the price is falling, it's just a matter of time before it climbs back up.

That's why technical analysis is important. When you have a clue of how Bitcoin works you'll use history to understand that Bitcoin always bounces back.