PATIENCE IS NOT ENOUGH...

[Leahized]

Well sometimes patience isn’t a virtue, and sometimes too patience is a virtue, but patience isn’t everything which is why you have to also work hard, and keep buying and accumulating bitcoin I have been buying bitcoin for awhile now, and I have to understand that you will have to buy bitcoin and also do the necessary things, and definitely you will also need money and money will have to be invested into bitcoin which is why I feel that patience wouldn’t be enough for situations like this, if you have to buy bitcoin you also have to do the necessary things, which is buying bitcoin consistently.

What do you do if you keep buying bitcoins and because of the market or because of the situation or because of any reason bitcoin price goes down? The most important thing here is to be patient. It is true that in addition to being patient at this time, you should buy bitcoins and always keep an eye on the market. If you fail to do this. So even after buying Bitcoin, you will lose patience and be forced to sell at a loss. So without thinking about buying all the time,It is better to set the mind to hold for a long time. Moreover, everyone buys bitcoin with money, but the purpose of investing in bitcoin is to use bitcoin as a security system for money and to avoid any bad situation in the future.

[Awaklara]

It is true that in addition to being patient at this time, you should buy bitcoins and always keep an eye on the market.

Some inexperienced beginners will always watch the market, then panic and sell at a loss. Whatever your goal in buying and holding Bitcoin, manage your Bitcoin well. If your current plan is to continue accumulating your Bitcoin, then just do it consistently. Focus on your plan and goals; that will make you more confident in what you are doing. Being patient and waiting without good knowledge will only create anxiety.

[mustapha67]

Well spoken, it is very necessary that newbie should understand that to be successful or the secret behind any successful investors in Bitcoin is to discipline themselves in building up their patients in Bitcoin portfolio, because once a newbie or any investors doesn't have enough patience in his Bitcoin portfolio it means that such person will surely end up wasting his income because definitely he will considering using short term investment, which will lead him to be trading all the timem.

Of course, I strongly agree that discipline and consistency will lead to success in Bitcoin trading. There's no such thing as instant profits; every decision we make is a risky choice. Our goals must be clear, whether for short-term or long-term trading. Manage your asset allocation within your portfolio to facilitate transactions. Many people are too greedy, hoping for excessive profits, and invest their entire assets in Bitcoin. However, they enter at the wrong time when the market is undergoing a correction due to a lack of knowledge, resulting in their assets shrinking or even being depleted by margin calls. However, if they use a clear method with proper tactical analysis and patiently wait for the momentum, their assets will grow, albeit slowly, but will provide profits in the future.

In any investment patience is crucial for success, but patience alone is not enough. We need a combination of other elements to achieve our goals. Investing is all about logic and patience, so if you simply follow trends and buy without doing your own research, even if you have patience, you won't achieve optimal results. Patience must also be accompanied by knowledge, discipline, and risk management to avoid getting caught up in emotions when corrections occur.
Staying true to your strategy is also part of patience resisting the temptation to sell assets during panic or buy during market euphoria.

Understandably, patience is a veritable virtue for a successful endeavour. Although, as my colleague rightly said, patience is not enough. Patience is just one way to achievement. There are other vita approaches towards achieving goals. One of which mentioned in my colleague's expression "knowledge" and other disciplinary actions such as devotion, passion for business etc.

[Grace333]

It is true that in addition to being patient at this time, you should buy bitcoins and always keep an eye on the market.

Some inexperienced beginners will always watch the market, then panic and sell at a loss. Whatever your goal in buying and holding Bitcoin, manage your Bitcoin well. If your current plan is to continue accumulating your Bitcoin, then just do it consistently. Focus on your plan and goals; that will make you more confident in what you are doing. Being patient and waiting without good knowledge will only create anxiety.

And most of those beginners do not really lose because Bitcoin failed them, they lose because they do not have a clear plan from the start, they never knew what they bought Bitcoin for in the first place.. They buy, then start watching the market every minute like it is a football match. One small dip they start panicking, next thing they’re selling at a loss.

Like you said, if the plan is to keep accumulating Bitcoin, then just focus on that and do it consistently. Stop reacting to every red candle. The market will always move up and down, that part is normal. What gives confidence is knowing why you bought and sticking to that reason.

[Adams0001]

What do you do if you keep buying bitcoins and because of the market or because of the situation or because of any reason bitcoin price goes down? The most important thing here is to be patient. It is true that in addition to being patient at this time, you should buy bitcoins and always keep an eye on the market. If you fail to do this. So even after buying Bitcoin, you will lose patience and be forced to sell at a loss. So without thinking about buying all the time,It is better to set the mind to hold for a long time. Moreover, everyone buys bitcoin with money, but the purpose of investing in bitcoin is to use bitcoin as a security system for money and to avoid any bad situation in the future.

Patient is the most important thing in anything you're doing because without it you will always struggle to achieve your goals. Bitcoin investment is for a long term period and if you can't be patient in it you will always find it difficult to succeed, and in my own view patient is the one important thing we need to have before getting what we need.

Most people that always sold there bitcoin investment when they so the price is dropping is because they are scared to lose there funds but if you're enough patient I think you should be patient and wait for your profit, is just to set your target and wait for the rewards. And if you're capable of investing more you should invest. If you get the believe in bitcoin and you understand it better I think know can confuse you or try to wait for other advice before investing more.

[Leahized]

Patient is the most important thing in anything you're doing because without it you will always struggle to achieve your goals. Bitcoin investment is for a long term period and if you can't be patient in it you will always find it difficult to succeed, and in my own view patient is the one important thing we need to have before getting what we need.

I says if you lose patience once for any reason. Then you will be forced to sell your bitcoin holdings. But patience is important and bravery has a huge impact, when bad situations come. Suppose I keep some money in my savings and buy bitcoins. Now the market is going in a good situation, so I can hold it, even sell it if I want. In this case, it can be said that there is a need for mentality to hold Bitcoin for a long time. But if the market continues to decline,Then many people get confused and fail to make the right decision. So we should keep ourselves calm and understand the situation.

[AakZaki]

And most of those beginners do not really lose because Bitcoin failed them, they lose because they do not have a clear plan from the start, they never knew what they bought Bitcoin for in the first place.. They buy, then start watching the market every minute like it is a football match. One small dip they start panicking, next thing they’re selling at a loss.

Like you said, if the plan is to keep accumulating Bitcoin, then just focus on that and do it consistently. Stop reacting to every red candle. The market will always move up and down, that part is normal. What gives confidence is knowing why you bought and sticking to that reason.

An investor's greatest strength lies precisely in the calmness of not doing anything reactively. As you say if the plan is to accumulate for the long term, then every red candle should be seen as an opportunity not a threat. That confidence can only be built from a deep understanding of the reasons we started in the first place.

You have formulated a simple yet most effective recipe. A clear plan, consistent discipline and emotional resilience. That's true capital in this volatile world, far more valuable than the ability to guess the direction of prices in the short term.

[Bushdark]

Well sometimes patience isn’t a virtue, and sometimes too patience is a virtue, but patience isn’t everything which is why you have to also work hard, and keep buying and accumulating bitcoin I have been buying bitcoin for awhile now, and I have to understand that you will have to buy bitcoin and also do the necessary things, and definitely you will also need money and money will have to be invested into bitcoin which is why I feel that patience wouldn’t be enough for situations like this, if you have to buy bitcoin you also have to do the necessary things, which is buying bitcoin consistently.

What do you do if you keep buying bitcoins and because of the market or because of the situation or because of any reason bitcoin price goes down? The most important thing here is to be patient. It is true that in addition to being patient at this time, you should buy bitcoins and always keep an eye on the market. If you fail to do this. So even after buying Bitcoin, you will lose patience and be forced to sell at a loss. So without thinking about buying all the time,It is better to set the mind to hold for a long time. Moreover, everyone buys bitcoin with money, but the purpose of investing in bitcoin is to use bitcoin as a security system for money and to avoid any bad situation in the future.

We can be patient in the market and not make similar profit with others that are early to being investors. The patience we have to get should be time to buy Bitcoin and for how long we want to hold the Bitcoin. The price of Bitcoin is not stable and their is need to wait before buying so that you don't buy at when the price is just beginning to go dip, this will be a mistake and can be a painful one.
Too quick to buy or too quick to sell can reduce the profits anyone can make from the crypto market.

[Juicyhome]

Don't worry about the profit made by early investors, if you are not an early investors you will only be wasting time thinking about what if you have known about Bitcoin early.
You are not in any competition with the early buyers on who will make more profit so that should not be your paramount concern for now.
The good thing is that you have now to keep on accumulating, if you are consistently accumulating and keeping your Bitcoin asset very safe then patience is all you need.

I agree with you, I really don't understand why op is talking as if he's in competition with the early investors, we the lucky ones here, at least we're 50% guaranteed that if we buy and hold Bitcoin will change of status in the future, because Bitcoin has proven that. The early investors of Bitcoin faced criticism and discouragement yet they still invest in Bitcoin investment without hoping for anything, because Bitcoin was the first of its kind. I commend then for believe in Bitcoin and today is paying off for them.

We still have same opportunity with a hope to succeed, then, the Early investors has no hope,they just want to try a new thing and it's work for them. As of today we still have the chance to own one Bitcoin, the next generation might find it very hard to accumulate one Bitcoin except your from a very wealthy home. Bitcoin is still at the early stage, is not up to 20years in existence, by 50 years the whole world would have adopted Bitcoin. So keep buying and hold, Bitcoin is the future,I believe in it. It's change my life and I'll not giving up on it, no matter the dip.

[aysha9853]

I mostly agree with this take. Early bitcoin was a different game with low liquidity and less eyes on it. Now with ETFs and big funds involved the market behaves more like traditional assets. That does not mean bitcoin is dead but expecting life changing returns just by holding and waiting sounds unrealistic. Patience helps but without realistic expectations people end up disappointed.

[nomenclatur]

Luck is crucial for investors. Remember to buy at the lowest price to avoid losses. Bitcoin carries the risk of falling prices, and when saturation occurs on the exchange, Bitcoin will slowly decline. As I observe, when the price drops, Bitcoin rarely reaches its peak during a downtrend. It takes time for Bitcoin to rise again to its highest peak. When Bitcoin drops, it tends to fall again.

[knowngunman]

Today the bitcoin market has reached a level of structural maturity that reduces the like hood of the initial incredible returns made by the early investors in btc, I considered the market mature because of the increase in investment by large institutions and regulated products like ETFs, with macroeconomic factors which reduce the the potential for huge profits for today's investors, this means relying on bitcoins unpredictable volatility for guaranteed profits can be considered as a gamble.

But how does your title correspond with your thread? I was expecting to read what is enough since patience is not  

I think every Bitcoin investor already know that there's no guarantee of profit and that's why we caution the incoming investors to invest what they can afford to lose in case things goes opposite way. I assume you're referring to Bitcoin trading for comparing it with gambling. Quite alright, the earlier investors are the major beneficiary today and they were able to achieve that because they exercised patience. Even thou nothing is guaranteed, Bitcoin has proven to be rewarding in the long run to those who are patience. However, the reward is based on the earlier, the higher the reward.

[mustapha67]

It is true that in addition to being patient at this time, you should buy bitcoins and always keep an eye on the market.

Some inexperienced beginners will always watch the market, then panic and sell at a loss. Whatever your goal in buying and holding Bitcoin, manage your Bitcoin well. If your current plan is to continue accumulating your Bitcoin, then just do it consistently. Focus on your plan and goals; that will make you more confident in what you are doing. Being patient and waiting without good knowledge will only create anxiety.

Proper management is anchored on wisdom and knowledge. And this similarly the problem of some of us who are beginners. It is important to understand the economic strategies for productivity. Bitcoin is one of the best business environments, yet, it can be wholly misused without adequate knowledge about how it works. Honestly, it's not all about patience only, but proper awareness and intelligence to follow up gradually.

[Rabata]

The point here is that investors should not be too excited about high returns because bitcoin is a speculative asset and is subjected to unpredictable price fluctuations. in the next ten years bitcoin might not be like it was in the past ten years and it might not be guaranteed to get you rich, but some investors treat it like that which will be very risky to your emotional health if it dos does not deliver the way you expect in years to come.

The returns that Bitcoin has shown in the past have created deep confidence and hope in many people. Many of those investors think that if they invest in Bitcoin, there is definitely a chance of big returns. A kind of emotion has also been created among them. Investors must think that it is not possible to get the same amount of return that all the investors who invested in the past have got if they invest now. If they try to invest and hold it for a long time, then at some point they can get good returns according to their investment. Bitcoin does not guarantee investment, but if you invest here and be patient, there will definitely be good possibilities. If the investor keeps his risk management in mind, has realistic expectations and plans to invest for the long term, then it is possible to achieve something good from Bitcoin.

[Grace333]

It is true that in addition to being patient at this time, you should buy bitcoins and always keep an eye on the market.

Some inexperienced beginners will always watch the market, then panic and sell at a loss. Whatever your goal in buying and holding Bitcoin, manage your Bitcoin well. If your current plan is to continue accumulating your Bitcoin, then just do it consistently. Focus on your plan and goals; that will make you more confident in what you are doing. Being patient and waiting without good knowledge will only create anxiety.

This is very true. it has happen a lot, beginners always following the chart every minute, then when one small red candle just show like this, they will start panicing.. next thing, they will start selling when it is at loss and regret it later.

If you already have a plan with Bitcoin, the plan should be good. Especially as you are holding long term or even still accumulating. .  consistency is more better than trying to outsmart the market. Once you know why you are buying, the small price shake would nothing shake you that much.

And yeah, if you are just waiting without understanding of what you are holding and when, It might affect your decision in the long run.

[Mame89]

Luck is crucial for investors. Remember to buy at the lowest price to avoid losses. Bitcoin carries the risk of falling prices, and when saturation occurs on the exchange, Bitcoin will slowly decline. As I observe, when the price drops, Bitcoin rarely reaches its peak during a downtrend. It takes time for Bitcoin to rise again to its highest peak. When Bitcoin drops, it tends to fall again.

Absolutely true. Investing in Bitcoin requires patience and luck is also a key factor. To be consistent we must understand that as you said, Bitcoin will take a long time to reach a new ATH when it experiences a downturn.

However Bitcoin has a halving cycle that allows it to reach another ATH. Understanding this information about Bitcoin will also help us maintain our patience. What I mean is that in investing patience alone is not enough you need knowledge and a thorough study of Bitcoin so you can identify the right moment to profit.

[Obulis]

For years bitcoin performance has captivated investors, painting the picture of an unstoppable asset, but an in-dept look at the data of the cryptocurrency market reveals a brutal reality, bitcoin future performance might not mirror the past. The acronical profits enjoyed by the early investors operating in an immature market has fundamentally changed,

Today the bitcoin market has reached a level of structural maturity that reduces the like hood of the initial incredible returns made by the early investors in btc, I considered the market mature because of the increase in investment by large institutions and regulated products like ETFs, with macroeconomic factors which reduce the the potential for huge profits for today's investors, this means relying on bitcoins unpredictable volatility for guaranteed profits can be considered as a gamble.

The point here is that investors should not be too excited about high returns because bitcoin is a speculative asset and is subjected to unpredictable price fluctuations. in the next ten years bitcoin might not be like it was in the past ten years and it might not be guaranteed to get you rich, but some investors treat it like that which will be very risky to your emotional health if it dos does not deliver the way you expect in years to come.

I guess saying that "patience is not enough" is pointing directly to long-term Bitcoin investment.
Well there has never been a time that Bitcoin is a guaranteed investment knowing how volatile it is. Any one treating Bitcoin as a guaranteed investment with the expectations to get rich through it whether now/quick/short-term or patience/long-term will likely land themselves into making a very big mistake of investing what they can't afford to lose and then might also be investing without a discretionary funds.
But so far, patience has proven itself worthy in Bitcoin investment. Even if patience might not be trustworthy in the entire future of Bitcoin, it should remain the best approach haven proven itself worthy.

[Rengga Jati]

Some inexperienced beginners will always watch the market, then panic and sell at a loss.

True. Inexperienced beginners too often watch the market. If they don't panic, it is no problem. Unfortunately, they easily panic and think to sell their Bitcoin in a hurry.

Whatever your goal in buying and holding Bitcoin, manage your Bitcoin well.

Of course, we must always manage our Bitcoin in a proper way. We must understand the suitable time to buy or to sell. This is actually related to analysis and our decision. And we don't forget to ensure to have strong mentality as well. This is also one of the factors to determine the success in Bitcoin investment.

Focus on your plan and goals; that will make you more confident in what you are doing. Being patient and waiting without good knowledge will only create anxiety.

I think the key is mentality. Even if we focus with our plan/goal, it will be useless if we have weak mentality. Yes, it is a must to have patient and having proper knowledge. These matters are main requirements for Bitcoin holders.

[STT]

panic and sell

Best method to counter a personal panic at rapid movements is to consider both sides of a price like a balanced scale.  There is the nominal price and there is the currency as a denominator to that price tag.

When you sell Bitcoin consider it not as a sale but a purchase of your currency, usually this is dollars.  You are not selling BTC so much as in your panic wanting to jump back into holding Dollars.   If you  love the prospects for Dollar and believe it will gain alot then I back your purchase of this commodity, mostly a political commodity more then anything you might want to judge Dollar as rising in value over some time period.

Its also possible you changed your mind on Bitcoin, maybe you now think it cannot gain value its already reached its peak and so on.   But the more you consider both these questions, both sides of this giant see-saw you will find a better balance in your decisions and reflection of the market.
  BTC is massively speculative and volatile so you have to be ready for it all.   After its already sold I would advise becoming increasingly bullish more then expecting a straight line up or down, its very often a winding road with a story or path not immediately clear.   Dollar simply I think is in decline and Im waiting for it to find better prospects to decide otherwise.

[Zanab247]

Luck is crucial for investors. Remember to buy at the lowest price to avoid losses. Bitcoin carries the risk of falling prices, and when saturation occurs on the exchange, Bitcoin will slowly decline. As I observe, when the price drops, Bitcoin rarely reaches its peak during a downtrend. It takes time for Bitcoin to rise again to its highest peak. When Bitcoin drops, it tends to fall again.

It is the luck that makes some investors to become who they are today. When you buy in the lowest there is a confidence that you are not going to lose in the future, because you know when to sell to achieve your target and when not to sell not to experience lost. If you are hodling BTC you don't have to be panic, because no matter how dump it will dump it will surely pump to show green light that will make people to experience profit.

Patient is not enough when planning to earn massive profits or succeed in your hodling, because you have to put everything together to make sure you don't miss the bull run that will make you to be among the investors that will earn what they have not earn before in BTC hodling.