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Author Topic: Patience is required after investing in bitcoin  (Read 84 times)
Adams0001 (OP)
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January 23, 2024, 11:43:50 AM
Merited by SmartCharpa (4), Abbatty (2)
 #1

My Naija people, why do some people complain about selling their coin, is it because they can't keep it for a long time again? I believe many people thought this year is the bull run, and before the end of the previous year, you will see many people buying bitcoin because they said the bull run is coming, and no one wants to miss out on the opportunity.

People and experts that where predicting the bull run did not specify the year, so some people who were unaware of it assumed it was this year, and now some people are bored of holding their bitcoin because they are too impatient to keep it for an extended period of time because they just acquired it for the bull run.

Those who do not have a source of income and purchased bitcoin must be more patient in order to achieve their goal, because purchasing the coin and selling it after the price has not increased is equivalent to holding money in a bank and touching it only when necessary, which is not investment.

I believe that anyone who invests in bitcoin and is not unable to be patient will never succeed and will either sell at a loss or receive their funds back without reward. Think before you invest so you don't have to be complaining about the bull run which will come at the right time only when you’re patient enough to wait for it.

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January 23, 2024, 03:05:09 PM
 #2

Op that is why it is good to know how Bitcoin works before one can start accumulating bitcoin. Some people invest in Bitcoin thinking it is a way to get rich soon and not knowing that Bitcoin is something you will have to hold for the long term, like 4-5 years before you will see the profit that will change your life. If someone invests in bitcoin without knowing that bitcoin is not a get-rich-soon scheme, when the bitcoin price drops, that person will be forced to sell his bitcoin at a loss because it was not what he/she was expecting from his bitcoin investment.


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January 23, 2024, 04:17:57 PM
 #3

My Naija people, why do some people complain about selling their coin, is it because they can't keep it for a long time again? I believe many people thought this year is the bull run, and before the end of the previous year, you will see many people buying bitcoin because they said the bull run is coming, and no one wants to miss out on the opportunity.

Most people  are just after the bull run to make their profit and sell their coins but when they see some slight drop which ie not correspondence to their thought they immediately opt-out untimely.  They are only after the profit so they're not considering  any kind of long term holding



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January 23, 2024, 04:50:03 PM
 #4

My Naija people, why do some people complain about selling their coin, is it because they can't keep it for a long time again? I believe many people thought this year is the bull run, and before the end of the previous year, you will see many people buying bitcoin because they said the bull run is coming, and no one wants to miss out on the opportunity.

People and experts that where predicting the bull run did not specify the year, so some people who were unaware of it assumed it was this year, and now some people are bored of holding their bitcoin because they are too impatient to keep it for an extended period of time because they just acquired it for the bull run.
These has been addressed many times, investment on Bitcoin is usually for the long term and anybody involved should already have it in mind before involving himself as selling lower than what he bought is never the better option. The longer we hold the higher the profit to be made.

Those who do not have a source of income and purchased bitcoin must be more patient in order to achieve their goal, because purchasing the coin and selling it after the price has not increased is equivalent to holding money in a bank and touching it only when necessary, which is not investment.
How possible? Where then did he get the money to invest or is it a borrowed money. I do not think anyone would be dump to do such considering the volatility of Bitcoin with no specific date for hitting a bull run, just a matter of speculation.
Before investing, one should be financially stable, keeping aside emergency funds for unexpected incidents and not being jobless and having no means to carter for cost of living.

I believe that anyone who invests in bitcoin and is not unable to be patient will never succeed and will either sell at a loss or receive their funds back without reward. Think before you invest so you don't have to be complaining about the bull run which will come at the right time only when you’re patient enough to wait for it.
Most of the times things that are worth requires a lot of patience and Bitcoin is not an exception. If one must have invested during the DIP, it is certain their will be a bull run when profits will be made, it all requires patience.

.
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January 23, 2024, 06:22:06 PM
 #5

My Naija people, why do some people complain about selling their coin, is it because they can't keep it for a long time again? I believe many people thought this year is the bull run, and before the end of the previous year, you will see many people buying bitcoin because they said the bull run is coming, and no one wants to miss out on the opportunity.

Most people  are just after the bull run to make their profit and sell their coins but when they see some slight drop which ie not correspondence to their thought they immediately opt-out untimely.  They are only after the profit so they're not considering  any kind of long term holding
Before anyone buys Bitcoin and decides to keep it, it's obvious that it's because of the profit so saying they are only after the profits make it sound somehow as if the coin people are keeping is for decoration. The only thing is that there is a cycle of long waiting tied up to the profits and I believe before anyone thinks of getting into something he or she must try and make research first about what he or she is putting their hands if not he might probably just sell off due to lack of understanding and of course impatient.

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January 23, 2024, 07:27:46 PM
 #6

My Naija people, why do some people complain about selling their coin, is it because they can't keep it for a long time again? I believe many people thought this year is the bull run, and before the end of the previous year, you will see many people buying bitcoin because they said the bull run is coming, and no one wants to miss out on the opportunity.

People and experts that where predicting the bull run did not specify the year, so some people who were unaware of it assumed it was this year, and now some people are bored of holding their bitcoin because they are too impatient to keep it for an extended period of time because they just acquired it for the bull run.

Those who do not have a source of income and purchased bitcoin must be more patient in order to achieve their goal, because purchasing the coin and selling it after the price has not increased is equivalent to holding money in a bank and touching it only when necessary, which is not investment.

I believe that anyone who invests in bitcoin and is not unable to be patient will never succeed and will either sell at a loss or receive their funds back without reward. Think before you invest so you don't have to be complaining about the bull run which will come at the right time only when you’re patient enough to wait for it.
OP I strongly believe in what you have said patients is the key to everything today in the world if one wants to be successful in life  there must be a lot of sacrifice and it takes a lot to make sacrifices investing in bitcoin are not for kids you must have second job or something doing, you do not just  buy bitcoin and start expecting a reward in two or three months.
Just like you have said most people do not understand what bitcoin investment is all about they just people investing and they jump into it and later they start regretting there act later on…
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January 23, 2024, 08:46:12 PM
 #7

My Naija people, why do some people complain about selling their coin, is it because they can't keep it for a long time again? I believe many people thought this year is the bull run, and before the end of the previous year, you will see many people buying bitcoin because they said the bull run is coming, and no one wants to miss out on the opportunity.

People and experts that where predicting the bull run did not specify the year, so some people who were unaware of it assumed it was this year, and now some people are bored of holding their bitcoin because they are too impatient to keep it for an extended period of time because they just acquired it for the bull run.

Those who do not have a source of income and purchased bitcoin must be more patient in order to achieve their goal, because purchasing the coin and selling it after the price has not increased is equivalent to holding money in a bank and touching it only when necessary, which is not investment.

I believe that anyone who invests in bitcoin and is not unable to be patient will never succeed and will either sell at a loss or receive their funds back without reward. Think before you invest so you don't have to be complaining about the bull run which will come at the right time only when you’re patient enough to wait for it.
Bitcoin aside. Every investment takes time to yield. Any serious investor has to have patience.
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January 23, 2024, 09:17:27 PM
 #8

Grin those people misunderstood the bitcoin investment and came into in the middle and caught by the net of dilemma. People don talk shey before we go invest in bitcoin or any cryptocurrency we should do something to backup di investment so dat we no go use di investment money buy something chop finish. And those people wey wan sell now not really because dem no dey impatient but dem no get another source of income so dey wan sell so dem go chop.

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