Is that really it?
Does patience really have a direct proportionality to rewards or profit?
I don’t really see it that way in having to hold. Yes patience do play a vital role but even more so, you still get to pick the right moment if you hope to cash in on profit. People who would want to take profit today as against those that took profit last week when Bitcoin did hit the ATH would have a slight difference in profit. Still, those who took profit today would have had more patience than the later.
When it comes to getting profits when the market is dumpling, it’s more about those that are actively trading.
You misinterpret the data from that website. The holding time required to get a fair profit is much less depending on when you bought. Interesting website but the design could be better. The holding strategy is by far the best for Bitcoin.
Please is long I'm trying to learn about crypto generally but I don't seem to understand most things as if am left out. I leant that even though crypto market is going against you can still make gain out of the situation because to me am only experiencing lost and depression. Please what do I do whenever the market is experiencing deepening? Is there a way to reverse your trade or investment at that point that will make you gain instead of lost?
You gain profit from your previous purchase which you have made when the price was far lesser than what it is presently .
Take for example, you bought Bitcoin when the price was $40 and has risen to $100, and the price of Bitcoin started dipping till $74, the price difference between $40 and $70 has given you a huge profit.
Also making profit when market price is dropping has to do with the type of investment pattern you adopt either short-term or long-term, but the most preferable is the long-term investment of 4-10 years or more, because it gives room for making more profit in as much as all you have to do is keep accumulating and holding without reasoning the market price or selling off at any point in time.
I would not consider 4 years a long-term investment, even 10 years is not really a long-term investment but it may be a bit long for crypto.