All good things take time, or so they say. This means that whatever we care about to grow in a positive sense we take care of and we nurture, until the time comes that we can harvest the fruit of our actions. As it is in life experience, it is the same in finances. Striving to get rich quick will not be the best course of action someone can take. And if you take the lucky few as an example that it is possible, you're gonna have a bad time.
No, we can't all win the lottery. We can't all have super rich parents that invest in our multiple failing business before we find one that sticks and becomes successful. Those are the odd cases, the exceptions. Not everyone can be lucky or be born within the right circumstances. But everyone can learn skills, everyone can gather information and everyone can adapt all of this to a specific strategy.
With information, skills and strategy comes patience. Fairly naturally you will have to wait for your plans to develop into eventual profits. But unlike the game of chance with getting rich quick, patience and strategy bring some guarantees with them. because we've calculated all possible outcomes and the alternatives accordingly, we know what to expect and how to react.
Taking the route of patience will test you. Waiting for that long term investment in crypto might frustrate you and drive you to make rash decisions. These are the times where the strength of your patience will matter. Acting on logic and predefined turning points will usually give you better results anyways. The battle is between you and your natural human emotions.
These are my own thoughts as I'm sitting on some long term trades in the crypto market right now. This includes the reasonable stack of HIVE I have right now, which I'm increasing as long as the price stays below $1. The plan is to sell somewhere above that $1 point, and adapt the strategy whenever things change a bit too drastically.
How do you handle your own financial journey, and is patience key for you as well?
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