Post
Topic
Board Bitcoin Discussion
Re: Do you ever feel tired of waiting?
by
Z_MBFM
on 13/10/2023, 14:13:26 UTC
To be honest, I've had this question for quite a while. I keep seeing people claiming to just hold and hold; it'll take one, two, three, or whatever years for the next bull market. However, I'm often wondering: do you ever feel tired of waiting for Bitcoin to thrive? The past few months, or the whole past year—I'm not sure I've lost track of time—have been quite stale. Bitcoin has been ranging between $25.000 and $28.000 for quite a while. The volatility compared to other periods is lower than we're used to, or at least, to what I was used to in the past.
This is the biggest task. holding requires patience and not everyone has this patience due to which it is not possible for everyone to hold till getting biggest profit. and those who can wait are able to hold successfully. the holding thing is boring but a fruit is very sweet.

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I feel that there isn't too much excitement and this adrenaline feeling anymore; suddenly you'd see Bitcoin climb or crash; you'd be curious when it'd stop, what your next move would be, or simply feel accomplished seeing your money's value grow. Price movements are quite insignificant at this point compared to the huge pumps or dumps that occurred in 2020 or 2021.
Patience breaks even more when Bitcoin pumps after buy and start holding. It is much easier for a holder to hold Bitcoin when its price pumps up after buying Bitcoin. Then it is a pleasure to see them, because of which the waiting is also very pleasant then.

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Don't get me wrong, I'm not against holding, nor am I getting frustrated, at least not yet; I did it in the past and regretted it, even though my only source of income is signature campaigns. It's just that sometimes you can't stop the thoughts from circling around your head. I generally didn't bother to even look at it's price, but I've recently started feeling a little wearied. Perhaps it has to do with the life-induced stress that I've discussed in a previous thread. Who knows? How do you cope with waiting?
You mentioned a fact that happens to everyone. I keep my waiting for holding from preoccupation with other things. Because if you are busy with other things, you can forget about holding and that is why it is possible to be patient.  And I usually don't view the market when I'm holding because if the market dumps, it makes us panic.