Patience is power

[Cityhunter34]

Patience is power, Patience is a virtue. Let me use my experience in this forum as an example.

I was introduced into this forum by a brother and honestly it was very hard for me to keep up because a Nigerian I felt like I was wasting my time especially when I had pressing matters at hand to settle, back then I had zero patience, imagine telling a grown man with a family to start reading and learning like am in secondary school and everytime I complain that it's too much for me to handle he would always tell me to be patience, read more and learn, and right now I have patience in abundance. I've learnt patience and tolerance here in this forum as I strongly believe that's the only way to grow and succeed not only in this forum but in real life as well.

Talking about trading, patience is highly needed in abundance in order to know the perfect time to enter the market and also minimize loses, patience is needed to know when and where to sell your coins, trading is like gambling and it requires patience.

[DaNNy001]

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

Glad you now know that trading your coins for extra profits is very risky and I doubt that since you have traded the profits would be greater than your loses, the loses is always bigger and that's why I don't like trading that much, I have seen people claim that trading is good if you are an expert but the truth is that the ratio of uncertainty is very high and that's why practically having a peace of mind and saving your coins will always be better than gambling your precious coins for some temporary profits that if care is not taking will still lose it back in a bad day of your trading session.

[Zlantann]

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

To be successful in anything in life patience is a non-negotiable virtue. If you are in a haste to achieve anything, you might not achieve much. The reason why you lost so much in trading was because you don't have the requisite skill and experience to succeed in that area. Many traders in the cryptocurrency market are doing well because they are well-informed. Hodling Bitcoin is another section of Bitcoin Investment and it needs lots of patience because it is profitable when it is kept for a long time. Within the period of keeping your funds, you will face different temptations or pressures to sell your coin that's why patience is important. Most newbies make the mistake of investing without learning and this might lead to losses. So I am happy that you have dedicated much time to learning from the forum..

[snowpega]

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting.

Trading is the risky part while on the other hand, holding is less risky I would advise to you start holding if you are new in the crypto industry.
I would like to give you some tips that may help you in the crypto industry. you need to work on them if you are a newbie:

• Do less trade instead hold it for the long term.
• you need to work on risk management.
• You need to avoid impulsive decisions.
• Patience
• DYOR (Do Your Own Research) will help to verify any project or information.
• Learn TA (Technical Analysis)
• Learn FA (Fundamental Analysis)

These are some tips and i hope you will find more if you keep reading informative threads in B&H section. Many Thanks

[Ndabagi01]

Patience is a powerful tool that, when used correctly, pays off. Don't confuse time wasting with being patient because so many people don't understand what it means to be patient. Being patient does not imply that you should not conduct research or learn more about a specific subject matter; waiting to become perfect in it is equivalent to wasting time reaping what you did not sow.

Trading is risky, while holding is less risky, depending on what you choose to hold onto. When you seek professional advice and apply it to becoming the best version of yourself, things will work out for you. There is no magic to learning, and you can only become perfect at something if you practise it consistently. Your patience and hard work have paid off, so enjoy your progress in trading as you strive to improve yourself.

[cryptoaddictchie]

Aside from patience a continuity of solution is a must for someone to learn too. Yes we did some wrong or mistakes in the past of course we learn from that and also we must act and probably not do it again not we already made a mistake and still doing that again what happened on that right?

Anyway newbies will have their own their experience towards this and posting is the best teacher about that and dont ignore criticisim or taken to heart cause learning from mistakes is the best acknowledgement that we are indeed maturing as a user.

[kentrolla]

Indeed, this forum has been great source of education and learning for all of us and everyone gets to learn a lot over here because name any issue you will be able to find it and it's solution or a way around for that and if not once we post anything on which we need help we get expert advices on it which helps us in making right decision. I am glad you have achieved something and this forum has been one of the contributing factor for it. But it's not only like high ranking members posts knowledgeable stuff but I have seen some newbies sharing really knowledgeable stuffs because they might be newbie into the forum but not to crypto industry. Let's keep up the momentum and keep sharing knowledges which will help others.

[Mr.right85]

On the other hand, don't forget that hodling is risky too.

But like I said before, every thing presents risks.  Going outside is a risk.  Laying in bed is a risk.  Holding Fiat is a big risk.  Trading is a big risk.

Obviously, there is risk every where one turns but, you’ve got to mitigate what you can when you find it. For OP, having to quite trading for phobia of loss might be it for OP of which, I don’t see how running away from the problem solves the problem. The problem just goes ahead of you to wait for you, that’s what OP haves to realize
Having to quite all you know is one way to forget all you already know.

Even more so, having to leave trading to concentrate on holding Bitcoin isn’t exactly a bad thing, it at least ensures the safety of your coins and you have your mind at ease while trying your hands on other means to earning and acquiring knowledge but, having to quit doesn’t solve the problem..

[albon]

Thanks for sharing your experience here, OP, to benefit beginners. Indeed, what you did in the past was the biggest mistake any beginner commits, which is entering the field of trading without providing himself with sufficient knowledge, experience, and the necessary tools in order to be able to protect his capital and reap profits. The trading field requires a seasoned trader proficient in technical and fundamental analysis and has strategies and more. Although it is a profitable field, it is high risk and is not taught overnight. It requires effort, time, and access to reliable sources to provide and educate you with all the matters it contains.

As for hodling your currencies with patience, it is indeed an ideal solution. However, you should also not invest all of your capital. If you have enough patience, you have gained one of the magic keys to make you achieve returns from your investments. During this time, you can learn and develop your trading skills, but in the beginning, the experience should be on demo trading accounts until you become qualified to move forward and invest your funds.

[Ojima-ojo]

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

Giving up is one of the killers of dream and sometimes, even if things are not going in our favour, we still need to keep going and making sure that we attained a possibly good position that will end us up on good position, instead giving up along the way because of temporary challenges and set backs that comes along the way up, but one more thing that can also influence our giving up thought's is the fact that we need motivation to chase a particular direction, trading requires such motivations.


Trading is like gambling and sometimes we run out of balance to continue gambling, but if we can manage ourselves through that phase, it can result in a more stable and experience build trading journey and future, so persisted is key and motivations is always needed to continue.

[NewRanger]

To be successful in anything in life patience is a non-negotiable virtue. If you are in a haste to achieve anything, you might not achieve much. The reason why you lost so much in trading was because you don't have the requisite skill and experience to succeed in that area. Many traders in the cryptocurrency market are doing well because they are well-informed. Hodling Bitcoin is another section of Bitcoin Investment and it needs lots of patience because it is profitable when it is kept for a long time. Within the period of keeping your funds, you will face different temptations or pressures to sell your coin that's why patience is important. Most newbies make the mistake of investing without learning and this might lead to losses. So I am happy that you have dedicated much time to learning from the forum..

Yes and Good advice Sir. Thats right, all research will come back to the response and that is why market conditions must also be measured if we already have big money to trade. Of course, we also have to pay attention, don't be quickly lured by random pumps now and this always happens in altcoins and the price of altcoins can be separated from the price of bitcoin.

Well, in terms of studying it also takes quite a lot of time because if someone is willing to enter and invest in new projects to give us profits plus there is drama in their development so patience is the key for new projects.

[Miles2006]

Every investment requires Patience but it depends on the kind of investment you want, some investment requires smartness and without the knowledge you can't make any profit, using trading as an example and you actually didn't make any profit, if I may ask what are your trading strategy or you think exhibiting Patience alone will help. Some investment requires the knowledge first and resources before you can start thinking about Patience cause when you have full knowledge about trading you don't need to stress yourself. Just like what higher rank members will advice holding is safe and better compared to trading, you still need Patience and resource when dealing with bitcoin investment.

[snowpega]

Every investment requires Patience but it depends on the kind of investment you want, some investment requires smartness and without the knowledge you can't make any profit, using trading as an example and you actually didn't make any profit, if I may ask what are your trading strategy or you think exhibiting Patience alone will help. Some investment requires the knowledge first and resources before you can start thinking about Patience cause when you have full knowledge about trading you don't need to stress yourself. Just like what higher rank members will advice holding is safe and better compared to trading, you still need Patience and resource when dealing with bitcoin investment.

Yes, Dear many of your saying are good. In the world of cryptocurrency patience is the power and if don't have patience it can be proven a bad habit well as you aformentionedholding holding is good I would also suggest holding rather than trading because in tranding you have a high risk of losing your funds but in spot holding there is very less risk of losing of fund because you really not need to stay active all the time.

you will only sell your holding on the time when it is giving you profit. Many of people fall prey to FOMO which as in result they do not control their emotions and don't have patience and sell their assets at the wrong points so that they have to face many losses.

[God bless u]

Being patient is linked to proper investment. I cannot ask someone to buy LUNA and tell him to be patient, you will make crazy profits. Even if this happens, this does not mean that patience is good, just as happened with SOL. It is true that traders have made profits, but whoever does not sell may regret it in the future. Patience comes from investing in Bitcoin, not any other cryptocurrency. Even Ethereum does not have a good long-term ETH/BTC profit record.

We prefer Bitcoin for an easy reason, because all coins go up and down because of Bitcoin, because the market is all driven by Bitcoin, if Bitcoin goes up, Eth,BNB will also go up and all the other altcoins will go up, but if the market is bad, it will go down, then all the coins that are there will come down,

That's why should preferred bitcoin .and Bitcoin is a long-term project if we invest then we can get  more  profiti after few months but the only difference should be this. What we have can be increased if we know what time we should buy it.

[Bushdark]

Being patient is linked to proper investment. I cannot ask someone to buy LUNA and tell him to be patient, you will make crazy profits. Even if this happens, this does not mean that patience is good, just as happened with SOL. It is true that traders have made profits, but whoever does not sell may regret it in the future. Patience comes from investing in Bitcoin, not any other cryptocurrency. Even Ethereum does not have a good long-term ETH/BTC profit record.

We prefer Bitcoin for an easy reason, because all coins go up and down because of Bitcoin, because the market is all driven by Bitcoin, if Bitcoin goes up, Eth,BNB will also go up and all the other altcoins will go up, but if the market is bad, it will go down, then all the coins that are there will come down,

That's why should preferred bitcoin .and Bitcoin is a long-term project if we invest then we can get  more  profiti after few months but the only difference should be this. What we have can be increased if we know what time we should buy it.

Patience is power, our ability to hold our cryptocurrency assets is what is going to make us rich tomorrow.
We can always make money more if we know how to trade or invest our Crypto assets. Those who are very patient in the Crypto market are the people that tend to benefits more in the market. We need to be relax and do what we need to do so that we can earn from the market. Investing also is other ways we can benefit more from the market.

[Adams0001]

Being patient is linked to proper investment. I cannot ask someone to buy LUNA and tell him to be patient, you will make crazy profits. Even if this happens, this does not mean that patience is good, just as happened with SOL. It is true that traders have made profits, but whoever does not sell may regret it in the future. Patience comes from investing in Bitcoin, not any other cryptocurrency. Even Ethereum does not have a good long-term ETH/BTC profit record.

We prefer Bitcoin for an easy reason, because all coins go up and down because of Bitcoin, because the market is all driven by Bitcoin, if Bitcoin goes up, Eth,BNB will also go up and all the other altcoins will go up, but if the market is bad, it will go down, then all the coins that are there will come down,

That's why should preferred bitcoin .and Bitcoin is a long-term project if we invest then we can get  more  profiti after few months but the only difference should be this. What we have can be increased if we know what time we should buy it.

Patience is power, our ability to hold our cryptocurrency assets is what is going to make us rich tomorrow.
We can always make money more if we know how to trade or invest our Crypto assets. Those who are very patient in the Crypto market are the people that tend to benefits more in the market. We need to be relax and do what we need to do so that we can earn from the market. Investing also is other ways we can benefit more from the market.

Exactly patient is everything you need to do and succeed in the investment journey, because If you can't be patient you can  never succeed many people that lose in crypto investment they are scared to lose all there fund because for example if someone invest 20$ in btc and the price decrease and is investment is balance is showing like 15$ he lose 5$ if he sold it like that but if Is someone that is patient enough he will just leave it for a while, because definitely he will increase and get profit but they think if coin decrease he will not rise again and they will lose all there funds if they didn't sell it like that.

Anything does not come easy for everyone you must work hard before you can achieve your goals. Bitcoin is a simple coin you do not need to suffer because it is the only coin that minimizes your risk because you will never invest in it and claim you were not profitable unless you do not understand the strategic.

[Mate2237]

Trade what you can offer to lose and don't trade what you don't want to lose. Risky in trading is more than investing in Bitcoin. The only risk I see in investing in Bitcoin is when you invest when Bitcoin price is high and suddenly the price comes down again to the bear market. Therefore I also support the hodling instead of trading. Trading needs serious knowledge and education but investment is not like that.

Even the basic knowledge in Bitcoin is good to go with investment. Though risk in the both is inevitable.

[Vaculin]

Trading is not the only option to make profits in the crypto space. You can always chose a less risky path by investing and long term hodling. If you are patient enough, you will certainly succeed in a long term investment without being bothered by sudden market crash that will cause instant price decline.

Long term hodling is as good as trading, but the only difference is that trading can give you instant profits while long term hodling, from the word itself, requires a long duration of time before you start to reap your profits.

[Y3shot]

Trade what you can offer to lose and don't trade what you don't want to lose. Risky in trading is more than investing in Bitcoin. The only risk I see in investing in Bitcoin is when you invest when Bitcoin price is high and suddenly the price comes down again to the bear market. Therefore I also support the hodling instead of trading. Trading needs serious knowledge and education but investment is not like that.

Even the basic knowledge in Bitcoin is good to go with investment. Though risk in the both is inevitable.

That is why it is always advisable to invest bitcoin when the price is low,  when the price has added value very well it is risky to invest. When the price is high,  this is when you need to invest accordingly to what you afford to invest. Investing bitcoin is very easy , while in trading one needs to learn more to make trading go easily. What you just need in investing bitcoin is to just have patience to hodl, when their is patience to hodl bitcoin it yields profits.

[Victorik]

Trading is not for everyone, there are people who are still gaining a lot from trading.
They say Hodl is king, but it still depends on what you are hodling. Not all tokens are for long term, some are just short term, so hodling these short term token might make one end up becoming a bag holder. Be tactical and know what works for you.