The secret of patience is...

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I like this format of blogging as it helps me with developing a certain topic from different views and angles... I got inspired by seeing people doing the opposite, which forced me to Google some nice quotes about "patience", and I have found this gem...

The secret of patience is to do something else in the meantime.

Croft M. Pentz

The problem of FOMO and FUD is already known for almost everyone, and we are living in this instant "microwave society" where everything is made in a couple of minutes (or seconds) and ready to use...

The crypto isn't spared of that mentality, and as a matter of fact, I would say that it is one of the most "exposed" to that fast society... Which has gone even further in crypto investing, where people expect that they will invest $10 today and receive another $10 every single day until the end of life...


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I saw lately a person reacting impatiently on the markets and immediately recognized my behavior before... I mean, I'm still sometimes impatient, but that was something that I was doing very often earlier...

I will leave you an example that you can recognize easier and maybe avoid in the future...

So, some new project starts, everyone jumps on board, and I do the same, without having a clue what it is about... And now, we have a problem which is called EXPECTATIONS... I have expected that I will earn 10x of my investment in the first month... Of course, that didn't happen and I have sold all that I have bought (a month before) for less money... And I LOST money... Repeat that couple of times, and you will bankrupt...

I was doing that like crazy 3-4 years ago and lost a lot of money... After that, I have learned a few things... I would say that bearish crypto markets have thought a lot of people how to be patient...

And the secret was exactly what is inside this quote... I was accumulating my coins during this time (bearish markets) and creating content, engaging, building my portfolio (doing something else in the meantime) without looking to charts, and counting my possible earnings...

Keep your head down and do the work... Results will come... They will not come faster if you are stressing about it, or jumping around from one shiny thing to another...

Thank you for your valuable time,

~ph~


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29 comments
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You have hit it on the head with this post! I have seen so many people jump into something they have no idea about & wonder why everything isn't handed to them on a silver platter 5 seconds later...okay, maybe I exaggerate a bit but you get what I mean...

When we are mindful & practice patience (which is not always easy), it will start becoming more natural & eventually more autopilot. It really pays off to exercise patience in the long run because we end up attracting better opportunities as well as more positive things like prosperity (go figure!) & love...it really is worth it!

Btw, I write this as an impatient pixie who is waiting to go on her trip in a few weeks so..... I digress! ;)

Awesome post & it was a good reminder for me as well. :)💚

!LUV 1

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I think that FOMO does most of the wrong stuff... Jumping from one thing to another, and selling with a loss just to catch the "next train" isn't the right way to go... That's why it is important to DYOR, make a decision, and STICK to that... and the part with "sticking" has a lot of patience :)

Thanks for your kind words!

!ENGAGE 10
!WINE

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Sorry, out of LUV tokens to be sent today. Try tomorrow. (Having at least 5 LUV in your wallet allows you to freely give 3 per day)

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I got burned a few times in the market and learned a lesson so I understand what you went through. Every investment has a risk and reward so jumping straight into things because you heard of it is never a good idea. It is always better to do your own research. I admit I mess up every now and then. I just take it as a learning lesson and what I did wrong.

!WINE

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I just wrote the same thing as you said here... :) Yeah, we aren't perfect and we also get caught by this stuff... And as you said, it's a learning lesson for the future... ;)

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!WINE

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!BEER
for you

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Thanks for the support!
!ENGAGE 10

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I call this jumping from project to project or from asset to asset. There is also the case when you receive some HE tokens, you don't know where from, and you decide you don't need them and sell them before you know what they are for. And this might be your chance to recognize a great business model before it takes off and everyone knows about it.

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There is also the case when you receive some HE tokens, you don't know where from, and you decide you don't need them and sell them before you know what they are for.

I didn't pay attention to that case, but you are right! There are such examples, too... I like the most to buy things when nobody is looking, but that is very often hard to recognize... I mean the potential, but, probably because of that, these investments are usually the best...

In the end, it's always about patience... Every good thing needs time to develop... If you buy/get at the beginning, and HODL, you have a chance... If not, it's just flipping the coins here and there, and staying in the same place...

Happy Easter, my friend! Wish you the best!

!ENGAGE 10
!WINE (not sure if this works... :) )

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In the end, it's always about patience... Every good thing needs time to develop...

Totally agree! I had to learn the hard way at the beginning as well.

Happy Easter, my friend! Wish you the best!

Not Easter for me yet, but I'm going to celebrate with a few family members who have Easter today. Happy Easter to you and your family Zoltan!

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As a trader and investor myself you can actually bet on this happening with everything and once you understand it can profit immensely. How?

Almost EVERY project follows the same thing.
Your launch with all the hype which fuels things to new levels in the first few days.
The sell off after those first few days.
A HARD sell off of people panic allowing for another great buying op.

Take the most recent instants of this that we most likely all know CubDeFi.

Launched $2-$3 per each
first 3-5 days $7 - $11 each
Hard sell off down to about $2.50
Now back up to close to $4 so it will be a steady progression upwards with a few sell offs.

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That is the usual pattern... 80-90% of people just FOMO in with who knows what high expectation and then leave after a couple of days...

Like in your example with CUBs, which was actually backed up with CUBs/block ratio... as it was dropping from 3 to 1, and it was expected that people who didn't pay attention to that, quit... and sell their bags...

I remember the other similar things with SPORTS tokens (where I have filled my bags... lol...), and there are many others...

And if we are honest, a similar thing is happening with Liotes, but that was also expected... The price went down, we are still finding the bottom, and then, going up... But, it's a bit different from any other thing outside (I'm biased :) )...

Anyways, the only thing that we can do is to implement this knowledge and experience, and be patient with our investments... ;)

Thanks for an awesome comment! Always a pleasure reading your point of view...

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