Patience is needed in investing so that after investing, the investor does not feel that he should sell his investment immediately. A new investor invests in Bitcoin and before he starts investing in Bitcoin, he starts investing with the idea that he will hold his investment for a long time. In this case, to hold his investment for a long time, he definitely needs enough patience as well as a trust in Bitcoin. But if the investor loses patience due to temporary changes in the market and if he gets excited and sells his investment, then the long-term investment plan will not be implemented. But only when I can accept all the market conditions and be patient, then it will be possible to hold my investment for a long time, but it is not possible and that is why patience is very important in investing.

The DCA investment method is considered to be one of the most effective methods for investment, so if a person says that he is not succeeding or has not succeeded by investing in the DCA investment method, then I will say that there is definitely something wrong with his investment strategy. The DC investment strategy is not that I invested in this strategy continuously for a month or two months but kept the investment continuity off for several months in between, in this case, the real purpose of the investment will not be fulfilled.

After starting the investment, the investor has to ensure that he has to maintain the continuity of the investment after a certain period of time and he has to invest in Bitcoin in this method for as long as he wants to keep his investment according to his road map. When an investor invests in a long-term plan and follows the DCA strategy, it will be seen that the investor has purchased Bitcoin at several prices during this period, then by negotiating this price, it will be seen that he is earning a good amount of profit from the investment. 

What do you need patience for as an investor and how does it become a prerequisite? You mean patience for the market to come down so you can buy low and sell high just like traders do? The last time I heard those words were when discussing trading which is patient for the market to get to your entry point or reach your selling point. Well, in long term investing, there are more important things than patient because you already know that you are in a long term game.

The prerequisite for long term investing in Bitcoin is having basic knowledge and setting up emergency fuds after meeting basic needs are the requirements for investing in Bitcoin for long term holding. If you go about Bitcoin investment the right way by fulfilling the basic necessary ingredients, you may not even need to mention patience in the sentence because the investment is for long term.

I disagree with you when it comes to being patient in Bitcoin is not necessary, let me ask the process of you waiting for your investments to meet up your needs is called patient, i want you to understand that patient and self discipline have an important roles when it comes to either long term or short term investment because if you don't the patient enough to keep investment growing and to make a reasonable profit on Bitcoin investment it is very advisable to make use of Long term investment alongside with your emergency fund, patient have to be involved for you to be able to archive the long term investment.

Yes, you are right, I have said it before, if investment is a car, psychological knowledge is its brake. If there is only speed, accidents happen, and if there is only brakes, you cannot reach the destination. So it is important to master both together.

If your psychological knowledge is low, if you lose confidence at the slightest, then you will never be able to reach the final goal by investing.
And you can never hold your invested Bitcoin for long.

You should always keep in mind that the more profit you want, the more risk you have to take.

If the price of your invested Bitcoin decreases after the investment, you should never be disappointed. I think then investing in Bitcoin brings a little more opportunity for investors. So you have to think in a way that this is not a matter of sadness for me, it is a good opportunity for me that now I can buy more Bitcoin.

What do you need patience for as an investor and how does it become a prerequisite? You mean patience for the market to come down so you can buy low and sell high just like traders do? The last time I heard those words were when discussing trading which is patient for the market to get to your entry point or reach your selling point. Well, in long term investing, there are more important things than patient because you already know that you are in a long term game.

The prerequisite for long term investing in Bitcoin is having basic knowledge and setting up emergency fuds after meeting basic needs are the requirements for investing in Bitcoin for long term holding. If you go about Bitcoin investment the right way by fulfilling the basic necessary ingredients, you may not even need to mention patience in the sentence because the investment is for long term.

I disagree with you when it comes to being patient in Bitcoin is not necessary, let me ask the process of you waiting for your investments to meet up your needs is called patient, i want you to understand that patient and self discipline have an important roles when it comes to either long term or short term investment because if you don't the patient enough to keep investment growing and to make a reasonable profit on Bitcoin investment it is very advisable to make use of Long term investment alongside with your emergency fund, patient have to be involved for you to be able to archive the long term investment.

I disagree with you when it comes to being patient in Bitcoin is not necessary, let me ask the process of you waiting for your investments to meet up your needs is called patient, i want you to understand that patient and self discipline have an important roles when it comes to either long term or short term investment because if you don't the patient enough to keep investment growing and to make a reasonable profit on Bitcoin investment it is very advisable to make use of Long term investment alongside with your emergency fund, patient have to be involved for you to be able to archive the long term investment.

I get what you’re saying about patience Moreno233. In long term investing, especially with Bitcoin, it is not about sitting and waiting for price dips like traders do. Once you’ve understand the basics, understand what you’re investing in, meet your needs, and secure an emergency fund, then you should not necessarily rely on patience in the way traders do. You should’ve already accepted that this is a long term journey, and that mindset itself takes care of the need for patience.

I think that many long term investors would do well to continue to buy bitcoin for at least one or two cycles, yet of course the extent of their buying may well have to do with their budget and if they had been able to front load their investment. Many times normies are not able to front load their investment, so they tend to be better off to keep on accumulating, rather than merely holding... Even though holding is good in the context of meaning not to sell.. .. yet still there can be toughness in figuring out exactly what people should do, even if we likely can infer that there are an overwhelming majority of normies who are either no coiners or low coiners, so as a general principle, it seems that the no coiners and low coiners should be trying to figure out ways to make sure that they have some discretionary income so that they can ongoingly accumulate bitcoin.

What do you need patience for as an investor and how does it become a prerequisite? You mean patience for the market to come down so you can buy low and sell high just like traders do? The last time I heard those words were when discussing trading which is patient for the market to get to your entry point or reach your selling point. Well, in long term investing, there are more important things than patient because you already know that you are in a long term game.

The prerequisite for long term investing in Bitcoin is having basic knowledge and setting up emergency fuds after meeting basic needs are the requirements for investing in Bitcoin for long term holding. If you go about Bitcoin investment the right way by fulfilling the basic necessary ingredients, you may not even need to mention patience in the sentence because the investment is for long term.

What do you need patience for as an investor and how does it become a prerequisite? You mean patience for the market to come down so you can buy low and sell high just like traders do? The last time I heard those words were when discussing trading which is patient for the market to get to your entry point or reach your selling point. Well, in long term investing, there are more important things than patient because you already know that you are in a long term game.

The prerequisite for long term investing in Bitcoin is having basic knowledge and setting up emergency fuds after meeting basic needs are the requirements for investing in Bitcoin for long term holding. If you go about Bitcoin investment the right way by fulfilling the basic necessary ingredients, you may not even need to mention patience in the sentence because the investment is for long term.