Quote from: sana54210 on January 23, 2022, 08:20:17 PM

Quote from: dbc23 on December 28, 2021, 02:28:25 PM

Before thinking of investing in any sector what one considers is how long you are willing to hold. Let's take the history down to how investment all began. Moving from the era of Real estate to stocks to metals to oil blocks and now digital assets we would agree those who made it big in all this investment options were those who had the patience to hold.

This kept me wondering why one would even think of investing if they don't have the patient to hold. If you can't develop the hold attitude then the best option is to do a physical business where you can monitor your profit and see them come in regularly. If it must be crypto then you must be willing to hold and wait

Unfortunately too many people approach it as if digital assets are here for something quicker. We see people holding stocks for decades, literally decades, but crypto has been a bit more known for a decade now, slightly more since it started, and yet people act as if it doesn't go up too much.

On average, it takes about 3 to 5 months for bitcoin to recover from 50% drops, and we just had one, so in 3 to 5 months we "may" go back, it has happened many times before, and for some reason people act as if we would have to wait YEARS before we can be close to 70k again. However, even if we had to, that is 2x, so would it be weird if we had to wait 2 years for 2x return? I mean isn't that still great? Or how about 10x in 10 years? Would that be weird? 350k or so in 2030-32 period? But if it doesn't happen by 2025, people will react like it is too late, that's a bit weird.

digital assets are not only limited to holding but you can also do other things on them like shopping, gambling and so on . we cant blame all that invest and then suddenly sold because they are only humans and humans can get distracted easily. Maybe greed got them, or they are scared that dumps will go bad and whats the difference of physical business to online, where in online you can also hold your own assets in your own wallet. Physical business can only be harder as they require more things and it needs more monitoring than simply holding but nothing is hard as long as we are dedicated and have a passion on what we are doing.