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Author Topic: Why you need patience to invest in cryptocurrency  (Read 484 times)
odunybiz
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January 21, 2024, 11:30:28 AM
 #41

Lack of patience has affected alot in this space. Although I can't blame them really, most time FOMO may be the cause. Although sometimes being over patience may still be a problem especially when you invested in an altcoin. I once invested in an altcoin than did 3x within few hours. I think of being patient and hold for a while. At the end I made a lost from this project as the project later dump after some days. So in crypto, one have to learn to be patient and also to take profit at when due.
Cryptocurrency is all about hodling and if you don't have patience it is impossible for you to have a successful investment whether it is Bitcoin or altcoins. one needs to have the habits of patience, I know so many altcoins that many people invested, but  after some time the projects was a failed one. That is why it is important before investing in any Project a good research must be carried out to see if the project is good for investing and  for hodling.

Research is very important when it comes to investment in cryptocurrency. It is just that most investors are too lazttfor research and this is why most really fail and lose money after investing in wrong projects.

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January 21, 2024, 04:27:51 PM
 #42

Lack of patience has affected alot in this space. Although I can't blame them really, most time FOMO may be the cause. Although sometimes being over patience may still be a problem especially when you invested in an altcoin. I once invested in an altcoin than did 3x within few hours. I think of being patient and hold for a while. At the end I made a lost from this project as the project later dump after some days. So in crypto, one have to learn to be patient and also to take profit at when due.
Cryptocurrency is all about hodling and if you don't have patience it is impossible for you to have a successful investment whether it is Bitcoin or altcoins. one needs to have the habits of patience, I know so many altcoins that many people invested, but  after some time the projects was a failed one. That is why it is important before investing in any Project a good research must be carried out to see if the project is good for investing and  for hodling.

Research is very important when it comes to investment in cryptocurrency. It is just that most investors are too lazttfor research and this is why most really fail and lose money after investing in wrong projects.
Laziness is one way to put it but I feel what I would call it is ignorance because most person aren't actually lazy to make research but their are just ignorant to know more about what they are putting their money in , I think they are okay with the little knowledge they have heard from people about the project. When you are Ignorant, nothing actually consign you, what you are all about is that you keep hearing good things and no negative which is impossible because negative and positive exist naturally in life.
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January 21, 2024, 06:03:46 PM
 #43

Compliments of the season to everyone. Why It's good to be patient while investing in anything like cryptocurrency. About four years ago, my brother introduced the family to Pi, a new cryptocurrency that you can mine on your phone for free. He told us all we needed to know about it. Some of us were skeptical, while others ensured they mined every day, and some just ignored it. Over the years, some gave up along the way and never bothered to invite others or even continue mining.

Just three days ago, someone my sis knows contacted her that she wants to buy Pi at the rate of 300. My sister, who had been mining but gave up, and never believed in it again decided to sell hers. I tried convincing her that it's not a good idea to sell now because by 2025 when it will be launched, it will be worth more than what the person is offering. My sis  wasn't convinced and sold hers for about 98k. She was so happy because she didn't believe the Pi she had been mining for years would yield something. Now everyone in the family is interested in mining now, because them don see small money my sister made from it😃

The point of this story is that many people have been introduced to various investment platforms but didn't have the patience to continue because they wanted to see profits as fast as possible. I'm happy because my sis, despite selling all her Pi, now realizes it's real and this will motivate her to keep mining. The person who bought her Pi is investing in her future because she understands its potential value when fully launched.
This is why it's good to buy as much Bitcoin during its bear run or bear market and not succumb to fear and sell them off. Cryptocurrency investments require patience.
When it comes to dealing with cryptocurrency, people often have a few regrets along the way. Let me share some of the most common ones:
Missing out on Opportunities: Many individuals kick themselves for not getting involved in cryptocurrency sooner. In the early days, buying Bitcoin at a fraction of its current price seemed like a risky venture, but those who took the leap experienced significant growth.
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March 29, 2024, 05:17:28 PM
 #44

Compliments of the season to everyone. Why It's good to be patient while investing in anything like cryptocurrency. About four years ago, my brother introduced the family to Pi, a new cryptocurrency that you can mine on your phone for free. He told us all we needed to know about it. Some of us were skeptical, while others ensured they mined every day, and some just ignored it. Over the years, some gave up along the way and never bothered to invite others or even continue mining.

Just three days ago, someone my sis knows contacted her that she wants to buy Pi at the rate of 300. My sister, who had been mining but gave up, and never believed in it again decided to sell hers. I tried convincing her that it's not a good idea to sell now because by 2025 when it will be launched, it will be worth more than what the person is offering. My sis  wasn't convinced and sold hers for about 98k. She was so happy because she didn't believe the Pi she had been mining for years would yield something. Now everyone in the family is interested in mining now, because them don see small money my sister made from it😃

The point of this story is that many people have been introduced to various investment platforms but didn't have the patience to continue because they wanted to see profits as fast as possible. I'm happy because my sis, despite selling all her Pi, now realizes it's real and this will motivate her to keep mining. The person who bought her Pi is investing in her future because she understands its potential value when fully launched.
This is why it's good to buy as much Bitcoin during its bear run or bear market and not succumb to fear and sell them off. Cryptocurrency investments require patience.
Cryptocurrency investment is not fast making money sometimes, you need to exercise patience because it’s volatile in nature, lack of regulation, it’s speculative nature, technological innovations and market manipulation.
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March 30, 2024, 09:50:05 PM
 #45

Compliments of the season to everyone. Why It's good to be patient while investing in anything like cryptocurrency. About four years ago, my brother introduced the family to Pi, a new cryptocurrency that you can mine on your phone for free. He told us all we needed to know about it. Some of us were skeptical, while others ensured they mined every day, and some just ignored it. Over the years, some gave up along the way and never bothered to invite others or even continue mining.

Just three days ago, someone my sis knows contacted her that she wants to buy Pi at the rate of 300. My sister, who had been mining but gave up, and never believed in it again decided to sell hers. I tried convincing her that it's not a good idea to sell now because by 2025 when it will be launched, it will be worth more than what the person is offering. My sis  wasn't convinced and sold hers for about 98k. She was so happy because she didn't believe the Pi she had been mining for years would yield something. Now everyone in the family is interested in mining now, because them don see small money my sister made from it😃

The point of this story is that many people have been introduced to various investment platforms but didn't have the patience to continue because they wanted to see profits as fast as possible. I'm happy because my sis, despite selling all her Pi, now realizes it's real and this will motivate her to keep mining. The person who bought her Pi is investing in her future because she understands its potential value when fully launched.
This is why it's good to buy as much Bitcoin during its bear run or bear market and not succumb to fear and sell them off. Cryptocurrency investments require patience.

When it comes to investing in cryptocurrency, it's crucial to have a long-term view and be patient since it requires patience with an endeavour that you believe in, even if the results take time to show. And your sister's tale exemplifies the significance of conducting independent study as well as making your own conclusions while investing in cryptocurrency. She's learnt an important lesson that will serve her well in the future. Because it's crucial to remember that great things need time to flourish, and this is especially true in the world of cryptocurrency, where it takes time and patience to see results, and things aren't always easy. But if you stay with it, the results can be worth it.

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