I often write a lot about patience because of two reasons: I have lost so much in the past because of impatience and I have gained so much recently since I started developing patience. If you look around you today, many people still exhibit lots of impatience. Not many are willing to wait while working hard on a project or life goal. But then, when we learn to look at the future while working and hoping that things will get better, it often pays in the long run. So why am I making this post? Because I have brought in lots of people into cryptocurrency HODL business and they left with losses when there was no immediate price increase.
People and patience
The most recent one was a woman that I advised to buy bitcoin sometime around December when the price was still lower than now. She downloaded the app and bought some bitcoin, but after she didn't see much gain in 5 days, she took her money and left - with losses obviously. The painful part is not that most of them needed the money anyway. I usually ask them if they are willing to keep some money for 6 months and those that agreed, i train. So its not usually that they needed the money for any urgent expenses, but a clear lack of patience. Little wonder that lots of people have fallen for get-rich-quick-schemes and several other scams promising impossible return on investment. Isnt it better to patiently work on a project long term?
Bitcoin and patience
Yes, when I train people that want to join Bitcoin HODL business, I tell them that one of the things they actually needed for the business is a rare quality - patience. Its obvious because the bear market can run - has run - for months now. Some actually complain after few months that this thing is not going up even after explaining to them initially that this is the nature of cryptocurrencies. So for anyone planning to start bitcoin business, patience is top requirement. In fact, someone noted for impatience cannot be advised to get into cryptocurrencies. The ability to Hold On to Dear Life (HODL) most time requires waiting and hanging on. So to avoid losses and regrets, it is better to cultivate patience in life. We don't always get it right by being in a hurry or rush to get to somewhere or get something done. In fact, we usually break or spoil things when we fail to take our time. So in the same way, HODL business requires critical thinking, careful planning and waiting patiently.
Patience - Does it Pay?
Yes it does. Especially as I focus on Bitcoin HODL, those who were a little patient are smiling now as the price of bitcoin continues to appreciate. Patience pays not only in cryptos but in life as whole. Even if you are not naturally a patient person, you can always learn to develop it. Patience is not a possession of all but when you have it, you are more likely to come off best than worse!
How to cultivate patience in life
A little research might help you discover effective ways to develop patience in life. When writing this article, I stumbled upon these five ways to cultivate patience and hold on to it. Take a look
- Ask yourself why you're in a hurry. If you feel rushed while going about your normal day, ask yourself why. ...
- Enjoy quiet moments as much as big moments. ...
- Hang around people who have patience. ...
- Focus on short-term goals to reach long-term ones. ...
- Think of the things you've gained by being patient.
I hope these help. So next time you think of Bitcoin and life as a whole, remember patience. It still pays!!!