Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and patience
by
AprilioMP
on 11/12/2023, 16:30:48 UTC
It's near impossible to be successful in crypto without patience, investing is another thing, knowing how to hold is another thing also.
Almost all the crypto millionaire in the crypto space are good holders, think about that!!

Monitoring the price of your holding everyday will earn you nothing, but since we are all humans, it will makes us want to react to some price changes which is not good for the goal of getting filthy rich in the crypto space.

Being carried away by feelings will not work if you don't apply them. Patience is needed in all life activities because all activities contain risks based on their level. Investment activities that are risky due to fluctuating market prices.

Millionaires don't hold strange cryptocurrencies but what millionaires hold are coins that are worth something like Bitcoin. Crypto is confusing to many investors because Bitcoin is not the same as crypto.

I have thought that people who hold cryptos other than Bitcoin, they will be preoccupied with monitoring prices.
Then I also think, if the investment goal is to expect big profits in the future rather than short-term profits, it is natural that long-term Bitcoin holders will become millionaires.