Quote from: BitBakerr1 on Today at 08:12:05 PM

Quote from: laijsica on Today at 05:46:04 PM

Quote from: Cgrexp on Today at 02:18:13 PM

This situation is very common because in a volatile market like Bitcoin, price fluctuations often occur. The market situation we are in is very volatile at the moment. The Bitcoin graph shows that today, March 25, the price of Bitcoin was $88k at the beginning of the day, but it decreased to $87k at the end of the day. Such fluctuations in price will continue, but it is very important to maintain patience and a long-term perspective while investing. If someone is interested in short-term investments instead of long-term investments, then they can carefully observe the market fluctuations and then make decisions.

patience is one of the key elements in investing

Yeah you are right patience is of the key things an investor needs to have in other to succeed, one thing about this patience is that it is inside of you and if is not there you will struggle to hold onto your Bitcoin for long term some set of people who are regretting deeply now for selling off there bitcoin in the past lack patience and one of the things that will help you develop this patience in Bitcoin investment is going through the history of Bitcoin investment and imagining investing in Bitcoin when it was just $1k and also imagine yourself selling when it got to $2k and also imagining holding on from that $1k till date, this will help you realize that truly patients is virtue, is possible for Bitcoin to reach $200k, $500k and even a million dollar, all you need to do in other to experience this is being patient, one other thing that will help you have patience is by using only discretionary income to invest, if you use money that you are suppose to use for food or other basic things you will dip hands into your Bitcoin because you can't be patient while hungry or in need of shelter and other basic things.

Haven't you done something before that is out of your own will, but you are powerless about it?
That is how patience is when you have no source of income and an emergency funds as a Bitcoin investor.

In as much as patience is a key virtue in Bitcoin investment, do not forget that patience alone is not enough because at the end of the day, if you don't have a source of income and an emergency funds to protect your investment from you dipping hands into it in the future, it's just a matter of time before you temper with your holdings because patience alone can't pay up a serious financial needs that may arise in the future.
So in essence of what am trying to say is that, it's very true that patience is greatly needed when investing in Bitcoin, but in other to be able to hold for a very long period of time, you need to have a source of income and an emergency funds that will make you not to temper with your holdings if their is a serious emergency situation in the future.