Patience and Holding - page 66. | Bitcointalksearch.org

Quantex

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Quote from: reliable on October 10, 2017, 07:10:46 AM

Quote from: bnlllamo on October 10, 2017, 06:44:27 AM

Quote from: mafia15 on October 08, 2017, 12:57:30 PM

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

Been there...many times when i've sold my portfolio the price rises. even if you are for long term HODL you still have to learn basic chart reading to know proper entry and exit. The more you should learn about it if you intend to daily trade.

Yes one of the attributes in trading is to identify the opportunity where the price has peaked and you sell a bit of the coins to grab some profits and when the market falls again you can grab at lower price so that you can make some extra profits. Rather than just keep on holding you can switch in between and do trading to earn something.

I tried total holding and not selling them for some profit, it didn't work me. I could get 30-40% profit all the time if I sold my altcoin holdings, but I didn't do this. I missed all the profits and the prices declined too much now.

Rupok

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Patience and Holding both are most important in the crypto world. Only patients can be the right way to earn much profit from your holding. If you can be patient so you can not shine in cryptocurrency.

syaripudin

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It is true that in the prinsif that traders must hold is where they have to hold the very strong principle of patience. usually a common mistake by traders is that when they can not control the emotion of the bitcoin price reduction but I think we should not blame ourselves for the mistakes that have happened. I think it is a human nature that must have experienced a lack of emotional control when investing. it may be better to address the mistake to make an experience so that you do not make mistakes for the second time.

Welsh

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Trading is and will always be viable. Of course, depending on what the future holds it might not be the optimal time like it was three or four years ago. But, it can still be profitable. Of course people holding Bitcoin is great, I've held for many years but we need people to be dealing in Bitcoin every day too. Whether that's through trading or buying and selling goods. Otherwise Bitcoin loses it's value and becomes a collectors item which it wasn't created for.

Eternu

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Bitcoin will never fail in delivering higher price, at least it didn't so far. But don't blame your self, what is done its done. Bad feeling will be there, but it won't bring you anything good, it may take you to even another mistake. Therefor learn everything you can from it and move on. That mistake happened to all of us, and if it didn't... than it will. It is quite common mistake for people who just joined Bitcoin world.

reliable

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Quote from: bnlllamo on October 10, 2017, 06:44:27 AM

Quote from: mafia15 on October 08, 2017, 12:57:30 PM

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

Been there...many times when i've sold my portfolio the price rises. even if you are for long term HODL you still have to learn basic chart reading to know proper entry and exit. The more you should learn about it if you intend to daily trade.

Yes one of the attributes in trading is to identify the opportunity where the price has peaked and you sell a bit of the coins to grab some profits and when the market falls again you can grab at lower price so that you can make some extra profits. Rather than just keep on holding you can switch in between and do trading to earn something.

bnlllamo

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Quote from: mafia15 on October 08, 2017, 12:57:30 PM

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

Been there...many times when i've sold my portfolio the price rises. even if you are for long term HODL you still have to learn basic chart reading to know proper entry and exit. The more you should learn about it if you intend to daily trade.

Jovovich

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Quote from: liuqi on October 10, 2017, 06:31:43 AM

Quote from: lienfaye on October 10, 2017, 05:59:42 AM

Quote from: Fredomago on October 10, 2017, 03:35:23 AM

Patience is the key to success inside trading knowing how how to hold and learn how to wait will allow you to generate much bigger value of your investment, I guess if you are placing your money with project which have good potentials you will be able bring more bacons.

Thats true, in trading and investment we cant see the outcome fast and it takes time. if you dont have patience and always in panic if the price are decreasing you wont gain anything. its important to wait and see whats gonna happen later on. set aside your emotion and believe that in time theres a postive result in all your sacrifices.

Without investing trading you can simply hold the coins in your desktop wallet or hardware to keep it safe. I have met a friend two weeks before who bought 4 bitcoins when the bitcoin's value 250 USD but now its value grown to big value.
You wait but no need to worry about the value now. surely we will find the huge impact in the price chart in upcoming days.

These days also the pace of the price is unpredictable it could increase greatly or fall down in just a span of a week. Some can profit in a long term and some would profit in short term. It's just when and how we sell is our own strategy.

liuqi

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Quote from: lienfaye on October 10, 2017, 05:59:42 AM

Quote from: Fredomago on October 10, 2017, 03:35:23 AM

Patience is the key to success inside trading knowing how how to hold and learn how to wait will allow you to generate much bigger value of your investment, I guess if you are placing your money with project which have good potentials you will be able bring more bacons.

Thats true, in trading and investment we cant see the outcome fast and it takes time. if you dont have patience and always in panic if the price are decreasing you wont gain anything. its important to wait and see whats gonna happen later on. set aside your emotion and believe that in time theres a postive result in all your sacrifices.

Without investing trading you can simply hold the coins in your desktop wallet or hardware to keep it safe. I have met a friend two weeks before who bought 4 bitcoins when the bitcoin's value 250 USD but now its value grown to big value.
You wait but no need to worry about the value now. surely we will find the huge impact in the price chart in upcoming days.

Ewox

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Quote from: Fredomago on October 10, 2017, 03:35:23 AM

Patience is the key to success inside trading knowing how how to hold and learn how to wait will allow you to generate much bigger value of your investment, I guess if you are placing your money with project which have good potentials you will be able bring more bacons.

So true, patience is the key to be successful in trading because it is not all the time that the coin you are investing is always increasing its value and most of the time it stays down. So it is actually a battle among who can wait the longest and will be rewarded for their patience. I've learned my lesson before, I was also hesitant and withdrew all my profits and realized that the longer you wait the more profits you do gain in time.

lienfaye

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Quote from: Fredomago on October 10, 2017, 03:35:23 AM

Patience is the key to success inside trading knowing how how to hold and learn how to wait will allow you to generate much bigger value of your investment, I guess if you are placing your money with project which have good potentials you will be able bring more bacons.

Thats true, in trading and investment we cant see the outcome fast and it takes time. if you dont have patience and always in panic if the price are decreasing you wont gain anything. its important to wait and see whats gonna happen later on. set aside your emotion and believe that in time theres a postive result in all your sacrifices.

Victorycoin

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Quote from: nydiacaskey01 on October 08, 2017, 02:17:54 PM

Quote from: mafia15 on October 08, 2017, 12:57:30 PM

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

Why feel bad if you earned at least a profit? If you withdraw or sell but earned a profit then nothing to feel bad about it and besides who knows if Bitcoin price will recover after it dipped at $3,800? You withdrawn or sell because you thought that its the right time to withdraw. What you did is ok as long as you earned even with a small profit, feel very bad if you sold at loss, I'll be kicking my self if I do that.

Understanding that we can't never rake in the profits from every move the market makes is the beginning of our journey into effective and profitable trading. What's more, profitable trading opportunities will always abound, all that needs done, is to be able to identify and take some share before they're up and gone. Help is usually at hand in technical analysis, especially in the areas that render clues about oversold and overbought market conditions.

Fredomago

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Patience is the key to success inside trading knowing how how to hold and learn how to wait will allow you to generate much bigger value of your investment, I guess if you are placing your money with project which have good potentials you will be able bring more bacons.

Rana590

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Quote from: carlerha on October 08, 2017, 03:57:15 PM

Quote from: bitcoinmaniac52 on October 08, 2017, 02:40:27 PM

Quote from: jvdp on October 08, 2017, 01:17:29 PM

Quote from: mafia15 on October 08, 2017, 12:57:30 PM

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

I think you learn the trading very late. Since the principal of trading is Brought the bitcoin when the price of bitcoin is low and sell when the price is high. Do sell in panic and all.Just wait till the price of bitcoin reaches the high value. Just avoid of panic selling to rich in short time.

Quote

the principal of trading is Brought the bitcoin when the price of bitcoin is low and sell when the price is high

This is the key to trading. If you master this, you will be successful.

Although it is too much important to have good patient while you are trading, but i think that majority of people do not have the element of patients, both in winning as well as in losing side. When we start making money in trading we try to invest more and more just like in gambling so as to increase the income more and more and when we hear so bad news about the market we start selling and do not try to remain as patient and wait get some real information about bitcoin , which in turn give a big lost to us.

I totally agree with you. We should know the basics rules of trading. Patient in trading is more important element. We should not hear the talking of people who don't know about bitcoin and crypto currency as well. So take your right decision if you want to success.

yanto@1977

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Quote from: mafia15 on October 08, 2017, 12:57:30 PM

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

That's fine, experience will give you the best knowledge you needed. Keep practice and try your strategy with another coins until you find the best one. Bitcoin only one, but another coins also has opportunity to making money. What happen just let it go, it wouldn't change anything. Thank you.

Flapjackz

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First of all, trading fees are already ridiculous, why would you want to lose money by performing multiple trades in a day.

I prefer to distract myself for long periods of time whenever I execute a trade even though im a perfectionist,
Please dont worry about the seconds or the minutes a coin is going, what really matters is the bigger picture and that is probably the reason you bought the coin in the first place.

Fatmoo

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Make sure you have other source of income when you do "holding" while waiting the price to get high, it takes more time to get a big profit.
If you don't have other source of income it will destroy your trading strategy and can make you stop doing it because of the basic needs everyday.

senne

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First of all, never invest the amount you can’t bear to lose. Further if you invest in Bitcoin or any alt coin, then you need to be good at analytical skills i.e. predicting the rise and fall of the prize of various crypto currencies then only you can get better returns on your investment. Holding your money definitely gives you better returns but then you will never be able to withdraw money in dream of a better prize. Patience and Holding is required so that you withdraw your money before a dip in the market. And in the dip you buy again and sell at better prize.

wayaneka

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Yes patience, keep emotion and do not greedy is key of succes in altcoin trading, even you expert in technical or fundamental analysis that not enough to get consisten profit.
In my opinion by holding these coin like BTC, ETH and DASH make you in profit in the future.

culuuton

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Sure, it's good to let your winners patience and holding but we can't know the future and not taking profits can lead to real losses. You can lost a good amount money because of some emotional shit.

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