Quote from: Jewan420 on Today at 07:13:06 PM

Quote from: Proty on Today at 06:28:31 PM

Faith alone can never guarantee success in bitcoin investment because there are so many investors despite their faith in bitcoin along the line they were unable to hold onto there investment.They yielded to market pressure by selling before the anticipated time. There are investors who despite the fact that they don't really have much faith in bitcoin were still able to hold without compromising there long term goals.so I think having faith alone won't make an investor to be able to hold his bitcoin for a longer time. A good plan back up by strong conviction that what I really think can make an investor to stand firm without panicking despite market correction and make right decision to always stand by his long term goals.

To be successful in long-term Bitcoin investment outside of money and to maintain the investment, you need proper planning, ability to take the right steps, patience, courage, faith in Bitcoin, knowledge and the ability to give up. If any of these qualities are missing from you, then your chances of success in the long run may be very low. Faith alone can never sustain you for long in a volatile market, because faith is not the only key weapon in long-term work. All the mentioned qualities must be present in you. You may already be able to realize the necessity of the mentioned ones. Even when you imagine any of these qualities absent, you may understand the importance of each quality and how helpless one is without the other.

In all, it should be obvious by now that bitcoin is not a spiritual investment where faith is the currency. Bitcoin investment is a practically concrete venture in an abstract manner. So being able to invest in bitcoin and be successful with it by holding for long term is subject to your level of Understanding which gives you the Conviction to put your resources in it.

Investors should go for the knowledge and understanding of bitcoin investment when keeping their faith high at all time. Choose a given investment strategy and abide by it ensuring you also create emergency funds alongside your bitcoin accumulation.