Patience is certainly a virtue if you think a month two months or even three months ahead, seeking a longer term gain rather than a short term one?
For example, better to capture a 10 X gain if you just wait a year rather than capturing a paltry $500 in a day or a week?
Met a new friend, he told me he bought Dogecoin maybe in 2017, and regretted selling it because he said sweet! I made 500 bucks off of this! But had he held onto his Dogecoin, it would be worth at least $700,000 or $800,000 today!
Bitcoin has been a fantastically entertaining journey ; I’m quite happy that I did not ever panic sell any bitcoin! Even one of my best friends Chris, who used to own 100 bitcoin, panic sold it in the first dip— that today will be worth a lot— at least $7M!
However now that we are chasing $100M and beyond, — even $7M seems like chump change!