Post
Topic
Board Beginners & Help
Re: Cryptocurrency thought me Patience
by
Asuspawer09
on 08/10/2023, 22:39:58 UTC
During my early days in the crypto industry I struggle to hodl crypto asset because I am naturally impatient person, of a truth I struggle to hodl, I mostly sell my asset at a loss.

One thing I observe is that the moment I sold. it at a loss, not quite long, the crypto asset start appreciating in price .
It got to a point I almost quit, the only thing that makes me not to quit is i believe that quiter are for failures.

Through reading and under going through crypto courses, I became more enlightened which made me hold high value asset like Bitcoin, Entheruem and Bnb.
Now when I think back of my struggle in holding an asset in my early days, I just laugh, because I lost a lot due to impatient.

My advice to every newbie out there, without patience you cannot be successful in crypto.

It wasn't really easy to HODL your Bitcoin or your cryptocurrency since it needs a lot of patience just do it for years, even though you know that Bitcoin is going to skyrocket its price you are probably gonna end up selling your Bitcoin because you want to earn a good money easily. In my experience, the trick in this kind of investment is having multiple sources of income, and saving a good amount of savings, In my early days in cryptocurrency investment, I struggled to hold my investment, and most of the time I sold my investment not at a loss but most of the time just needed the money and needed to sell it. So just having a good amount of savings, insurance, emergency funds something like that you could easily forget about your cryptocurrency investment, Now I have multiple sources of income, one of which I use to invest in Bitcoin and cryptocurrency, and the other income are use and budget for my self and my needs, with that I could easily avoid panic selling when the market is down I can easily hold since I dont really need the money at any time since I have other sources of income so I can endure for years and wait for the Bullrun and make a good profit on it.