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Author Topic: Patience is power  (Read 1799 times)
moneystery
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January 20, 2024, 05:51:38 PM
 #41

there is nothing wrong with holding or trading, the most important thing is how a person can determine which is best for him, whether holding or trading, and how much risk he can tolerate.  because investing in bitcoin is not just about being patient, but also the holder must understand how they can do that and how they can determine how much and how long they will hold the asset before they will finally sell it to make a profit.

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January 20, 2024, 05:54:57 PM
 #42

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.
Accepting your mistakes and correcting it is also a good option that will make you learn your mistakes and be profitable in the future. While being patient is both applied to trading and long term hodling, but learning from your own mistakes as well will lead to a more successful and profitable life. Hence, the keys to succeed in the crypto space requires patience, and certainly good solutions from what you have learned realizations in life.

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January 21, 2024, 01:56:55 PM
 #43

there is nothing wrong with holding or trading, the most important thing is how a person can determine which is best for him, whether holding or trading, and how much risk he can tolerate.  because investing in bitcoin is not just about being patient, but also the holder must understand how they can do that and how they can determine how much and how long they will hold the asset before they will finally sell it to make a profit.

I'm agree with you. To be successful in cryptocurrencies, you need to gain a lot of knowledge and apply this knowledge in practice...
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January 21, 2024, 03:27:44 PM
 #44

Patience is needed in all aspects of what you do in life, you have to walk carefully to get to your destination safely. Luckily you have joined here, the phobia of losses that has been clouding your mind can be overcome after reading several threads that discuss how to invest in Bitcoin safely, easily and profitably.

There is a lot of knowledge spread here, you only need to spend a little time reading threads that will give you benefits to shape your character in Bitcoin investment. Patience is the main capital, next you need to use cold money to invest, when something undesirable happens to the investment, the phobia of loss will not lead you to psychological problems.

 
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January 21, 2024, 04:07:13 PM
 #45

There's no doubt that this forum has lifted many of us from ignorance to a good knowledge cryptocurrency. Many things I wouldn't have learnt or known in cryptocurrency are what I have at the tips of my fingers. Reading the posts of established members is one way to learn how to survive in this forum. To newbies, here is always difficult to adapt but when you eventually grow in ranks and knowledge, you will understand that there's nothing difficult about this forum, especially if you are just being natural and being yourself. In all the knowledge this forum gives is actually second to none.

...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 l
But if you are actually HODLING, you do not actually need technical analysis, or I'm I missing something? Did you forget to tell us that you have started trading again, because according to your write up, you have abandoned trading for HODLING.

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January 21, 2024, 05:33:40 PM
 #46

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.

Actually it depends on the person what kind of trade he wants to do if he wants to do long term trade then he has to wait
If he wants to do short term trading, he can do what is known as daily trading and there is no risk in it, but it depends on each person how he understands trading.
With what method he knows about trading, so to explain what it is, I would like to say that what trading is should be thought and understanding and what is in it requires more patience than holding is needed.

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January 22, 2024, 02:22:38 AM
 #47

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 .
That is coming from a person who is really ready to learn. In this forum, befor you explore you must developed the habit to read than posting because it will give you an insight to understand the beauty of this great forum.

Indeed Bitcoin trading maybe profitable to some, but I believe majority falls to the unprofitable ones. So I believe as you have said this you will continue to learn and put it into practice. Bitcoin investment is far better than trading. It might be difficult because it's slow to achieve, but believe me it will still meet its target. If only you'll be able to hodl for long term. That is the key to success of Bitcoin journey.

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January 22, 2024, 02:41:31 AM
 #48

But if you are actually HODLING, you do not actually need technical analysis, or I'm I missing something? Did you forget to tell us that you have started trading again, because according to your write up, you have abandoned trading for HODLING.

Technical- Helps you to when is the best time you buy and sell. This is to maximize profits and minimize losses.

Because I feel confident when I want to buy for hold, I will still do the analysis. Likewise, when I went out, I also did an analysis. Because there are many who can resist but don't know when the best time out. Because holding back is not only a matter of length of time but of course must have a target.

IMO

R


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January 22, 2024, 05:10:49 AM
 #49

Cryptocurrency holders and traders if anyone follows the advice of the seniors on this forum he will never lose. But in this short time, I have read several threads on the forum, and it continues. What I see in several threads is that a trader has a lot of risk in trading though there will have cash money. But not everyone can take risks. If someone can't take the risk are encouraged to hold for long time which is definitely profitable. A trader can get small amount from his trading, but a holder can get much more of his investment if he holds for long time. For beginners it is always recommended to gather knowledge. The more time a man spends in learning his range of knowledge will likewise increase.
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January 22, 2024, 06:46:15 AM
 #50

As long as you're willing to learn in whatever you're doing, you'll grow. That is why this forum is very good. You can come into this forum when you know nothing about Bitcoin, but the more you stay in the forum, you'll get directed to the right places.
You've seen articles that will teach you better on the forum too.
I don't have any proof to show the impact this forum has on the growth of Bitcoin, but I know it definitely has a big impact.

Life is all about learning. So in whatever you're doing be ready to learn and improve.
Patience is good, but I feel if it's not applied in the right way it could make you miss out. That means we also have to know when to have patience and when not to.

R


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January 22, 2024, 11:14:40 AM
 #51

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 .
I'm always happy when I hear someone who is quite diligent in reading and adding insight before they ask questions. Because it is more efficient to ask questions when we have finished reading and have finished digging deeper but haven't found any bright spots. So that's when asking is necessary and must be done.
Most beginners prefer to ask questions directly without exploring first and look for answers independently in this forum where many topics have been created that may have answers for beginners.
But it's still better to have the courage to ask than to be someone who doesn't want to ask but doesn't know anything.

You have gained a good benefit from your diligence in reading and understanding the writings that have been made on this forum by all members of the high forum. And that's a great move to be on this forum. And patience is indeed an important element in life that must be possessed if we want to achieve something. Both in trading and in discussion activities on this forum.

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January 22, 2024, 03:33:50 PM
 #52

That's right. I too and others here are also required to cultivate a habit of reading a lot. Regarding reviews from high-ranking members regarding the content conveyed, my view is that it is more simple and straightforward in its discussion, such as something related to technical analysis and other assumptions. which is definitely helpful in nature so that readers can understand it more easily compared to reading news on online media.

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January 22, 2024, 04:06:33 PM
 #53

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 probably quite risky and stressful. Maybe the reason why you loss your money at trading is that you are a newbie, you don't know anything about the coin you are investing your money in. Being patient is necessary for success in cryptocurrency trading. It also helps us succeed in other aspects of our lives, such as outside of investing, as long as we work hard to succeed and have the patient to pursue our goals. The most important thing in trading is holding our coin for a long term. This have to be with patient, i believe if you can hold for a long term, you won't experience any loss again.

Although I am aware that there are other places for learning more about bitcoin, but this forum is the most helpful I have come across. Joining this forum has helped many people with their investments because it's the best place to learn about trading carefully, because most of the beginners do not have patient, they just feel like buying and holding without knowing anything about it, which is why most people lose money.

R


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January 22, 2024, 07:09:43 PM
 #54

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.

Holding in trading is also done by patience. what you have is patience, But the goal is how long the patientce will last. So you can't be a patience in short term trading, but if you intend to be a long-term project, you will have a lot of patience and you won't need a learning,

you will see for yourself. That's how your coins go up and what you have is given enough benefit. This is the word of patience. It's not just a word even all crypto is contained in it

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January 22, 2024, 07:25:00 PM
 #55

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.

Holding in trading is also done by patience. what you have is patience, But the goal is how long the patientce will last. So you can't be a patience in short term trading, but if you intend to be a long-term project, you will have a lot of patience and you won't need a learning,

you will see for yourself. That's how your coins go up and what you have is given enough benefit. This is the word of patience. It's not just a word even all crypto is contained in it

Agreed! Patience is a most have in this space. Without patience like you said, you can't really Hodl.
But again it depends on what your plans are for the particular asset you are hodling. In all you do, always have a strategy and ensure that you follow through that which works for you.

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January 22, 2024, 07:59:51 PM
Merited by fillippone (1)
 #56

That's right. I too and others here are also required to cultivate a habit of reading a lot. Regarding reviews from high-ranking members regarding the content conveyed, my view is that it is more simple and straightforward in its discussion, such as something related to technical analysis and other assumptions. which is definitely helpful in nature so that readers can understand it more easily compared to reading news on online media.

This does not mean that everyone has to stay away from online media by no longer relying on online media to read more of the latest useful news. Because of the various kinds of online media that exist at this time, more people can create meaningful summaries to present in discussions on various forums so that they look more interesting and easier to understand by everyone who reads them. However, basically everyone still has to read online media so they can continue to increase their knowledge more and better.

Apart from that, everyone will also choose online media that is truly trusted so there is no need to open all online media if the news content is still in the same category. And this has also made it a little easier to reduce everyone's time in reading the news and also conclude it more accurately with very important and useful points so that everyone can understand it well.
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January 22, 2024, 08:16:46 PM
 #57

-snip-
Because you have been active in crypto trading before being on the forum, you must have had bitter and sweet experiences that can be shared with beginners who were first on the forum rather than being directly involved in trading.
The experience of experiencing losses that no trader wants will be greatly appreciated if you are willing to share it in every post whose aim is about how not to experience losses when trading.

And regarding patience, it is of course a true strength that is very necessary in every trade carried out using methods and strategies. If you don't have patience in trading, what should be profitable will actually experience losses.

 
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January 23, 2024, 06:27:00 AM
 #58

Agreed! Patience is a most have in this space. Without patience like you said, you can't really Hodl.
But again it depends on what your plans are for the particular asset you are hodling. In all you do, always have a strategy and ensure that you follow through that which works for you.

For BTC definitely. For other just in choosing which Altcoin is superior besides ETH and BNB. For other things, such as market corrections, I think the rise and fall of market prices when trading is normal. Apart from that, if we still lose, it's normal because we don't have trading experience and are still not used to it, but if we get used to it, it will be very easy to navigate.

For those who play leverage trading, try to avoid it as much as possible if you are not an expert. If you are skilled, no problem. If I see BTC is the most transparent in its trading, if we want to buy while monitoring other prices there is a lot of drama and differences.

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January 23, 2024, 07:02:36 AM
 #59

Patience is a very powerful thing in crypto. Patience is the only thing that allows us to invest in crypto. With patience, we can sustain our losses that once we get impatient then we will continue to lose but since most of what is patience in crypto and also we should not panic because whenever we get a token or an entry In trading, then we should show patience and tolerance to the fullest, see that if we take any token, it will go down and up some time it will give us small loss but if we will continue our patience then the small loss will change in big profit.
Patience is very important for trading or holding in cryptocurrencies.Traders who do not trade with patience cannot be successful. Whenever we trade any coin we have to remember that the price of this coin can go down or even up. So when the price of this coin goes down we have to wait patiently until the price of the coin goes up. There are many who lack this patience and sell their traded coins when their price drops. Then if he waits patiently and if he sells when the price of the coin increases he can get a lot of profit.

R


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January 23, 2024, 01:52:11 PM
 #60

Yes you are right being patient is really important for success in anything we do. If we are patient and do our tasks well so we have a better chance of reaching our goals. It's also a good idea to start tasks with patience so we don't miss important things or make quick decisions. And when it comes to trading or investing it isreally important to get advice from people who know much about this. They have a lot of knowledge and can help us to make good decisions.

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