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I am simply focusing on holding my coins for long in order to meet my target while dealing with cryptocurrency. I won't be moved to cash out on time.
It takes lots of patience for someone to save up to such longevity. It is only possible when you're making money through other means and saving your coins untouched.I think that holding your coins for a period of up to 10 years can be very difficult and will require a lot of self restraint because you have to ensure that each time the price rises that you are not tempted to sell the coin that is in question. Hopefully i am able to do this one day.
I am simply focusing on holding my coins for long in order to meet my target while dealing with cryptocurrency. I won't be moved to cash out on time.
Those kind of persons aren't ready to taste success around cryptocurrency. Cos any one who wants crypto success will exercise patience.From my experience when it comes to cryptocurrency investment there a lot of people who are impatient when it comes to holding their cryptocurrency for a long while before selling it off.
I definitely do agree with you and I think that it will also be very helpful if you have a hardware wallet that you were using because then you are not constantly tempted to trade in those cryptocurrencies because you do not constantly have access to them.It takes lots of patience for someone to save up to such longevity. It is only possible when you're making money through other means and saving your coins untouched.
Majority of people via forums are talking about reaping thousands of dollar interest holding on to their Cryptocurrency. But the truth is that, before such interest manifest one needs to cultivate such endurance spirit to holdl the coins for years.
Those who hold their BTC before the value grew to matching their expectation, did it for years. Believing that the turnaround in the price of BTC to a very high level will materialize, and it worked for them.
Be honest, do you think you can hold your coins long up to 10 years to earn big like those early BTC holders?
If you can even holdl your cryptocurrency asset for the period of one year that means you have tried. Not everyone can do just that. And surely your reward will come in bounty depends on the coin you went for.Holding your crypto currency coin in your wallet for a year is a good thing to-do most especially if you are financially buoyant , the price of the coin will have skyrocketed before the end of ten years.
Those kind of persons aren't ready to taste success around cryptocurrency. Cos any one who wants crypto success will exercise patience.
Sure, it doesn't work that way, it's simply a gradual process for the owner who got passion for the business and keep pushing on even when things aren't going well at the initial.It's actually we are a lot of them get it very wrong because when it comes to cryptocurrency, it is not something that you will jump into immediately and start expecting to make thousands of dollarsas profit.
Even though I do know that Hodling with 'diamond hands' as it's called pays, it's still hard especially when the market is in a continuous downtrend for a long while. The only way I could do so is to have another source of income which keeps my focus off the coinsMajority of people via forums are talking about reaping thousands of dollar interest holding on to their Cryptocurrency. But the truth is that, before such interest manifest one needs to cultivate such endurance spirit to holdl the coins for years.
Those who hold their BTC before the value grew to matching their expectation, did it for years. Believing that the turnaround in the price of BTC to a very high level will materialize, and it worked for them.
Be honest, do you think you can hold your coins long up to 10 years to earn big like those early BTC holders?
Yeah, it's worrying when your source of income is limited. You'll be tempted to cut your investment short prematurely. But when their is other sources you'll carry on if you're passionate for saving your coins for long.Even though I do know that Hodling with 'diamond hands' as it's called pays, it's still hard especially when the market is in a continuous downtrend for a long while. The only way I could do so is to have another source of income which keeps my focus off the coins