Post
Topic
Board Trading Discussion
Re: The patience to hold is a gift
by
Hamphser
on 02/02/2023, 20:20:23 UTC

Recommending someone to invest in Bitcoin is some how risky. If the don't have the patience to wait for the bull season to commence the might sell at a loss and but the blame on the introducer. And many likes attributing their failures to someone then their success to their personal effort. I have learnt from past experience that before I recommend Bitcoin to a newbie I will first ask how long the can hold for and that will determine if I will be willing to proceed with guidance or end it there.


It is never an option to tell someone to buy bitcoin if they are a newbie and have no knowledge about what bitcoin is and what it does. If they know the fundamental of bitcoin and its usage, then they will obviously HODL till its value is high enough to give them the profit.
Don't ask them how long they can HODL. Instead teach them the basic of Bitcoin.
Teach them if they had been asking but if not then pretty sure that the do already know and already aware on what are the things that they should gonna do.This is why it would really be that depending

on how someone would really be handling out their investment because not all would really be that good on doing so due to some common factors specially on the time of FUds and anxiety towards the market
specially on bear times where everybody could really be in panic.When you do have some future holding plans towards your assets or coins then you should stand strong with it and wont really be letting yourself
that get affected for whatever things that you would really be able to encounter which this had always been the main concern and something that cant be predicted on whatever actions you would make along the way.