PATIENCE IS NOT ENOUGH...

[Astt12]

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.

It's a logical fallacy to think Bitcoin won't bring high returns due to unpredictable price fluctuations.

If you want to high returns, you have to accept unpredictable price fluctuations, if not want unpredictable fluctuations, then expect for lower returns.

Since the last year, the fluctuations is no longer high anymore, it's quite stable.

So, it should be not hurt their emotional health because the fluctuations is lower than before.
Patience is not everything, there is no argument for the saying, along with patience, everything has to be continued. Bitcoin does not only require patience, it also requires the right timing, knowledge, and faith, which do not affect the mind. Those who just wait, miss opportunities, and those who understand when to act, win. Even behind patience and hardship, the possibility that comes, that is, the light, is found near

[jcojci]

Patience is needed if you want to become a Bitcoin investor. Although there is no guarantee that Bitcoin will give the same profit as before, people still want to invest in Bitcoin. They are ready for anything that happens in the future because they realize Bitcoin fluctuation will be there.

Patience can make you hold your emotions and think about what you need to do. You will not act in a rush if the market moves in the other direction but you will search for more info before deciding. You can make a decision based on the situation.

By having patience, you can accumulate Bitcoin and look at the situation. If the price increases so high, you can take a profit and leave the rest for the next increase.

[davis196]

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 investors, who are expecting the BTC price to go 10x are simply delusional or lack experience and understanding of the market.
There's no need for the Bitcoin price to always go up for an investor to make profits. The "bears" on the market are making profits by selling high and buying low. The "scalpers" are making profits by making multiple small trades with small profit margins.
Nobody has ever claimed that the future Bitcoin price movements are going to be exactly the same as the past price movements.
The market always punishes the traders, who are emotionally fragile(or have absurd expectations). It doesn't matter if we are talking about the crypto market or the stock market.

[Outhue]

You don't get it OP, Bitcoin is volatile, very soon we will go into full bear market, Bitcoin can go down to 50k range again and build the next bottom at that price for months, when it is finally ready to move again we can see another ATH, go back to your chart and look very well, zoom out and watch the 2 months chart, you will see that Bitcoin always creates a new ATH.

With all the good news and the passed bills on crypto since Trump took over the office many countries are still looking from afar, they are sluggish or don't want to rush, United States is just one out of many that are still yet to make Bitcoin their reserve, we never had this in the past and Bitcoin still make it to 69k in 2021, miners keep mining Bitcoin and the supply keeps shrinking making it to be more scarce, Bitcoin is where anyone should invest their money. The maturity of the market is a complete joke, how many countries we have in the world? United States have take the biggest step, wait for the debts of that country to be settled by Bitcoin investment and see what other countries will do, because every countries have their debts too.

It takes nothing to see that this is just the beginning. The demand for Bitcoin will be bigger than the past. Zoom out and think about it, there are some missing puzzles that you failed to add up.

[Marvell1]

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.

It is far from maturity because, we still have projections of Bitcoin into a million in dollars. The price as it is remains far fetched from that number. Let’s not forget, it’s just 21million Bitcoins with a good volume of it lost and majority of the world don’t still own fractions of Bitcoin which means, this can only be compensated for in the pricing of Bitcoin and what we have now isn’t it.

Yes, what we’re seeing now isn’t everything. Bitcoin hasn’t reached full maturity yet, and adoption is still ongoing and price will still increase. But we cannot expect the majority of the world or all 8 billion people in the world will need and invest in bitcoin. That will never happen because bitcoin is not such an essential thing that the whole world needs it.

Second, bitcoin price could reach $1 million in the future, but that increase is only x10. It cannot grow x100-x1000 like it has done in the last 16 years. So, it would not be wrong to say people investing in bitcoin today will not be able to make huge profits like the early investors.

[Sammye3]

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.

Who would have thought last ten years ago that Bitcoin would get to this high?
Even the most intelligent man on earth can never predict Bitcoin's future or manipulate its price movement.
So it's only a possibility that is being put into consideration given it's movement in the past and not to displace the relevance of Bitcoin over the years as volatility is very much expected in trading either crypto or stock.
Bitcoin is not the only cryptocurrency and there would be more to come in the future but not all has given more value to the system that Bitcoin has and that remains constant.
With Bitcoin, we are the bank to the future, we are in control.

[Alpha Marine]

I would be more worried about Bitcoin's longevity if it were still behaving like it did in its early years, where it could have a 100% increase within a week or a month. Or a 1000% increase within a year. Aside from the fact that it can go both ways, meaning if it can appreciate by 100% in a month, it can also depreciate by 100% in a month, that is simply not how an asset that aims to stay relevant for the long term behaves.

Look at all the assets that have survived for decades, Gold, for example, don't behave like that.
The early investors didn't get rich with Bitcoin because they held it for a short while; they held it for years, maybe even close to or over a decade. I don't know if there is anybody who got rich from Bitcoin just by holding it for 2 or 3 years.
Nothing much has changed. It's just that Bitcoin is relatively more stable and grows at a slower pace, as every reliable investment should. If it took the early investors 10 years to be rich from bitcoin, it might take a person who invests today 20-30 years.
But the reason for Bitcoin's creation was not to make people rich. It can be used as an investment today that can give you money, a lot of money if you're patient, but to make you rich was not the goal when it was created.

[Cekikafa]

 There is multiple goals of bitcoin. Not invented to make you rich, but invented to confront Central bank  fiat money printing and stealing your wealth via inflation.

 So yes, if price of foods rockets and multiple 3x, people can expect Bitcoin to rise more than x3 naturally.

 This is not getting about rich.

[ndutndut]

There is no point of investing when you lack the trust and confidence over you investment asset. Yes, we're already there that bitcoin is still a speculative asset and no one can tell what will be its exact future, that's why we need to learn how to manage our risk and control our emotions. Patience isn't really enough, you need to know how bitcoin works and how the market works. Because of that, you have the high chances to control your investment outcome, because you know your investment well despite how speculative it is.

Yes. The first sentence you mentioned is key to investing. To achieve your investment goals, you must have confidence in the assets you invest in. This is crucial so you don't have the slightest doubt about holding them long term. Furthermore Bitcoin's highly volatile nature will ultimately impact your psychology when holding Bitcoin.

Patience alone isn't enough for long term investing but it is indeed a crucial factor. Fundamentally we can profit from investing by those who are impatient, and those who are patient will certainly profit. However relying on patience alone isn't enough you must combine patience with knowledge, a well thought out strategy, and discipline to achieve your goals.

[bogdanb]

Patience alone isn't enough for long term investing but it is indeed a crucial factor. Fundamentally we can profit from investing by those who are impatient, and those who are patient will certainly profit. However relying on patience alone isn't enough you must combine patience with knowledge, a well thought out strategy, and discipline to achieve your goals.

It is not enough to be patient, besides this you must have a kind of strong morale within yourself with which you can move forward. It is okay to be patient, but I think that along with being patient, you have to be extremely hardworking. If, along with patience, you have to be very hardworking, set the right goal, accept the hard work with patience and move forward through hard work then only something good is possible.

[AmaGold70]

I don't think I understand the message you are trying to pass across to us by saying that patience is not enough because I know that one of the most important things you need to have within yourself is patience while investing in Bitcoin and if you have patience then it means you can endure the ups and downs of Bitcoin's price and patience comes with determination so I don't understand exactly where you got your idea of saying that patience is not enough, patience is enough for me because an impatient person can't be determined to succeed in their field of work.

[aoluain]

Firstly - OP you arent stating anything out of the ordinary to seasoned Bitcoiners, we are
well aware of your points.

Anyone who is preaching otherwise should be raken with a grain of salt, nobody
knows what the future holds.

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.

Not all "investors" do expect high returns, thats why they swivel to Alts in the belief
that they will deliver what they want. Anyone believing anything on the Speculation
board is a guarantee or that some influencer on YT knows the future needs
their head examined.

You have to understand that not everyone is thinking high returns, some/most realise
that there is no other place to safely store your wealth.

Any other FIAT based investment carries risk and the higher the potential yield
the higher the risk - your bank will tell you that when you decide to choose FIAT
over Bitcoin.

[nakamura12]

I don’t seem to get your point OP, from your title “Patience is not Enough”… what then is?

And you’re talking about bitcoin like it’s a course that’s dwindling or might spiral downwards, and calling a future investment in bitcoin as gamble. Man, I don’t think you know what you’re talking about, the fact that there are more institutional investors and ETFs are what will increase adoption and drive price up, also bringing a level of stability in the market. Bitcoin right now is a long game so therefore patience is essential with your investment.
Forget the early investors, you can still make good profits if you start now and hodl for a long term (5-10years).
We doubled what the price of Bitcoin was by this time last year and what’s to say we won’t experience more ATHs in the future.

It's partly true since people are indeed taking risks to increase their own money that's why it is called investment. I think there's no such thing as risk free investments existed so I'd say it's also a gamble and since it's also gamble so it's a different type from casinos which is also about gamble. There are indeed investors and ETFs which will helpful adaption on bitcoin for its price increase so it's still taking a risk. What if that won't happen the would you still take risk?.

[Jostern]

Like they always says patience is a virtue and that is what we have noticed for a very long time now, when it comes to investing in Bitcoin I think it makes absolute sense for us to find a possible means of investing in Bitcoin, and when the price of Bitcoin seems to be going down, most people who are not patience and they see there Bitcoin going down tends to sell their Bitcoin, most possibly trading there Bitcoin, which is why it’s necessary to to have and exercise patience, because patience is a virtue for us all, it’s only patience that will enable us to hold Bitcoin for a very long term and also for the future purpose for someone holding Bitcoin for 1 or 2 circle

[irhact]

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.

Bitcoin doesn't need you doubting what it can achieve because if you're thinking this way then you can't make profits from Bitcoin. Those individuals that were thinking like you 10 years ago are all regretting it now. Don't belike those individuals because in 10 years time, the make is going to be doing very well than it's doing now and if you haven't invested, you'll be losing and regretting that decision. The market is always improving and adoption is coming into the market faster than you can think about it. More countries are adopting Bitcoin and recognising it which shows that the world is beginning to see the importance of Bitcoin and looking for ways to benefit from it.

[MinoRaiola]

If we believe Michael Saylor, then the price will rise to $1.000.000 in the “short term - a few years.” I also read a price about $10.000.000, but I am not sure if he said that... but I can imagine it. The current price is sensational when you know 4-digit prices. Even the big players want to own Bitcoin and have finally understood how valuable it is. Bitcoin is finally no longer negative darknet money, it is officially recognized and even interesting for long term investments and strategic reserves. Fiat money and inflation will drive prices up.

[serjent05]

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.

I disagree that because Bitcoin is getting mature, we should not expect a huge profit.  Gold had been here for so long and yet many are still taking huge profit on it.  We all know that Bitcoin has cycle, from this cycle investors can have an incredible return like when one is to invest during the bear market where Bitcoin price historically show to drop more than 60% of its ATH then records another high the following bull run.

Aside from that your statement seems contradictory when you stated unpredictable volatility guaranteed profits, how can it be guaranteed when the price itself is uncertain?

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.

This is why Bitcoin investment somehow stir up excitement, its unpredictable fluctuation is the major reason for it.

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 agree, we should approach investment conservatively, what highly profitable today may not be that highly profitable in the coming decade.

[Distinctin]

With the type of investment bitcoin has, no one can guarantee that it will be forever profitable in the long run. The risk to lose is always there, so if you are a responsible investor, you will not assume a lot that bitcoin will be like this or like that in the future. Just invest on what you can afford to lose, and continue to stick bitcoin for long, this is the safest way where we can gain maximum profits, even if its not as profitable like those of the previous years. Just don't expect too much, but never also lost your faith in bitcoin.

[Byebyebtc]

You don't get it OP, Bitcoin is volatile, very soon we will go into full bear market, Bitcoin can go down to 50k range again and build the next bottom at that price for months, when it is finally ready to move again we can see another ATH, go back to your chart and look very well, zoom out and watch the 2 months chart, you will see that Bitcoin always creates a new ATH.

One thing you have to understand is that your predictions is not guaranteed, can you see the future? No , so its one thing to hope and believe for the best and it is another thing to be ready for the worst by guarding your emotions and using discretionary income, that way you are safe either ways

[mirakal]

Bitcoin is becoming increasingly rare. Bitcoin is becoming increasingly popular. Adoption is starting to spread worldwide. Companies, countries, or institutions are already eyeing Bitcoin. Bitcoin has recovered quickly after experiencing a decline in value. There are many more reasons to trust Bitcoin, especially in the long term. So, I think patience is the key. No one feels a loss from holding Bitcoin for a long time. Have you ever heard of it? I don't think so. Essentially, I believe those who doubt Bitcoin will regret it later. They can only speculate in the end.

There are more reasons to trust bitcoin rather than losing interest from it just because its a speculative asset that sometimes profits cannot be guaranteed. My focus is still to keep buying and hodling through DCA, with my discretionary income so that if ever bitcoin experience a sudden price decline, which is very normal for bitcoin, then I won't have to suffer selling on it for a loss.

Patience is still the best key to achieve maximum profits with bitcoin. If you can't be patient, then you are not good enough to enter volatile investments like bitcoin.