Topic: Patience and information (Read 125 times)
There are few patient people in crypto, it is full of panic sellers and fudders. When the price drops like it has been doing this past year the holders start to attack the ICO managers on telegram and other channels. Can't blame them though, no-one likes to lose 90% of their money!
If patience is not a vital aspect in cryptocurrency then lots of investors won't earn more if they're not patience enough and holders lose some of capital especially they buy coins, altcoins or tokens when the price is not low enough.
Would like to throw in a quote from Warren Buffet in which he was talking about the Stock market but it does apply to crypto as well
"The stock market is a device for transferring money from the impatient to the patient."
"The stock market is a device for transferring money from the impatient to the patient."
I think patience remains a vital aspect of cryptocurrency along side information,and as a beginner you need to hold on to both of'em. Crypro users most times are greedy and impatient,once there is a fall in price of the bitcoin,they panic sale,am not saying hodling comes out good all the time,but it is always the best strategy for beginners who lack trading expertise,with patience you can hodl and wait for the pump,and end up making huge profits.
Information alike is very important,users ought to follow up The coinmarketcap closely,checking out the value of coins and knowing how best to make their own predictions to maximize profits,its a whole lot better that following predictions of people you see online,most times not even backed up with any fact..
This two vital keys will help to increase chances of success in this system
Information alike is very important,users ought to follow up The coinmarketcap closely,checking out the value of coins and knowing how best to make their own predictions to maximize profits,its a whole lot better that following predictions of people you see online,most times not even backed up with any fact..
This two vital keys will help to increase chances of success in this system
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