Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and patience
by
ancafe
on 12/12/2023, 01:38:08 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.
Patience can lead anyone through the process of achieving success and greed will make someone experience big problems in investing. Bitcoin provides a solution for anyone and bitcoin can also bring financial freedom if invested correctly. But you also have to think that Bitcoin will not provide quick wealth because there is a balance of capital and profits from the investment process and vice versa for long-term holders.

It is natural for someone to frequently monitor prices, but they must have a strategy for investing in Bitcoin and not change their strategy too quickly when price changes in the market are being corrected. Long-term holders will be much more profitable because we can avoid price corrections in the market and most importantly remain calm.