Patience is a virtue in Cryptocurrency Trading. - page 13.

GrayFullbuster

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Quote from: Nana1 on April 06, 2018, 07:45:52 PM

Cryptocurrency is a no go area if you are an “emergency investor “. By emergency investor, i imply someone who invests in cryptocurrency to get profits within some short period of time in order to settle some immediate financial. The probability of that happening cannot be ruled out, but in instances where they occur, the probability is about 1/10.

Patience is a virtue for bitcoin and another cryptocurrency investment. Prices exhibit intermittent Bearish and Bullish movements over short periods of times which may leave investors confused as to what step to take.

A successful investor studies the market, invests in a coin that always rises remarkably after a significant drops and take decisions in moments of highs and lows.

This will save a lot of anxious investors who sell their coins when prices are dropping, causing them to lose significantly.

We really need patience for us to make profit in cryptocurrency trading. We can't control our emotions if we don't have patience. Every successful trader have the characteristics of having a lot of patience.

arpon11

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If you lake patients in this few you will loses money. If recent I know a man that buy bitcoin around $9000 and sold it when bitcoin dumped to $6800 in April. I told him that bitcoin is going to get back to & $10,000 before we can see price pull back again. However bitcoin is above $9500 today and those that has patients are the one making money.

btcjocan

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Quote from: jostorres on May 04, 2018, 02:07:39 AM

Quote from: Valzzz005 on April 30, 2018, 08:12:40 AM

Quote from: Nana1 on April 06, 2018, 07:45:52 PM

Cryptocurrency is a no go area if you are an “emergency investor “. By emergency investor, i imply someone who invests in cryptocurrency to get profits within some short period of time in order to settle some immediate financial. The probability of that happening cannot be ruled out, but in instances where they occur, the probability is about 1/10.

Patience is a virtue for bitcoin and another cryptocurrency investment. Prices exhibit intermittent Bearish and Bullish movements over short periods of times which may leave investors confused as to what step to take.

A successful investor studies the market, invests in a coin that always rises remarkably after a significant drops and take decisions in moments of highs and lows.

This will save a lot of anxious investors who sell their coins when prices are dropping, causing them to lose significantly.

Yes patience is really a virtue in this thing because it is not always golden times because the coins are volatile so you can never have a great profit if you do not have a lot of patience because for example the coins you are going to trade is not yet have a great price but you preferred to sell it anyways and after couple of weeks or months that coins pump and you should have tripled the price if you just wait and dont sell it right away. And that my friend is a huge loss from you and you should always have the patience in your heart

Due to the volatility of digital market, for a trader it is more difficult to deal with this one. Changes are random ones and nobody can tell for how long a dip or pump is supposed to stay and what will be the peak in them.Many become frightened if their asset keeps on falling down ultimately, they decide to give up on them to avoid any further loss. This happens due to lack of knowledge and patience only.

I agree on that if we do not have patience in the crypto feild maybe we should go and find another job. I believe that patience is really important in trading specially when it comes to crypto currency feild, because the price is really unpredictable and sometimes the market experience a huge pump and dump situation.

jostorres

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Quote from: Valzzz005 on April 30, 2018, 08:12:40 AM

Quote from: Nana1 on April 06, 2018, 07:45:52 PM

Cryptocurrency is a no go area if you are an “emergency investor “. By emergency investor, i imply someone who invests in cryptocurrency to get profits within some short period of time in order to settle some immediate financial. The probability of that happening cannot be ruled out, but in instances where they occur, the probability is about 1/10.

Patience is a virtue for bitcoin and another cryptocurrency investment. Prices exhibit intermittent Bearish and Bullish movements over short periods of times which may leave investors confused as to what step to take.

A successful investor studies the market, invests in a coin that always rises remarkably after a significant drops and take decisions in moments of highs and lows.

This will save a lot of anxious investors who sell their coins when prices are dropping, causing them to lose significantly.

Yes patience is really a virtue in this thing because it is not always golden times because the coins are volatile so you can never have a great profit if you do not have a lot of patience because for example the coins you are going to trade is not yet have a great price but you preferred to sell it anyways and after couple of weeks or months that coins pump and you should have tripled the price if you just wait and dont sell it right away. And that my friend is a huge loss from you and you should always have the patience in your heart

Due to the volatility of digital market, for a trader it is more difficult to deal with this one. Changes are random ones and nobody can tell for how long a dip or pump is supposed to stay and what will be the peak in them.Many become frightened if their asset keeps on falling down ultimately, they decide to give up on them to avoid any further loss. This happens due to lack of knowledge and patience only.

javadevm8

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Risk management is so key in this market. You can't be making dumb moves that you cannot afford.

CryptoWorld87

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There are so many people who already lose there money because they have parience in crypto trading. Some people are greedy and want to earn more money in just a small period of time, we all know that there no easy money in the world except you are a scammer. Patience is vertue.

xSkylarx

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Quote from: Nana1 on April 06, 2018, 07:45:52 PM

Cryptocurrency is a no go area if you are an “emergency investor “. By emergency investor, i imply someone who invests in cryptocurrency to get profits within some short period of time in order to settle some immediate financial. The probability of that happening cannot be ruled out, but in instances where they occur, the probability is about 1/10.

Patience is a virtue for bitcoin and another cryptocurrency investment. Prices exhibit intermittent Bearish and Bullish movements over short periods of times which may leave investors confused as to what step to take.

A successful investor studies the market, invests in a coin that always rises remarkably after a significant drops and take decisions in moments of highs and lows.

This will save a lot of anxious investors who sell their coins when prices are dropping, causing them to lose significantly.

There are things that we have to surpass upon holding the token that we want to have a good profit with. I believe that we'll really have a big loss if we won't have a lot of courage and patience to do so. If we really want to earn best value here , we should know how to wait for the best time to sell.

Genemind

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I totally agree, that is why people who view cryptocurrency as a short term easy income don't last in crypto. Cryptocurrency is not a short term investment where you can expect million of dollars profit over night. People who are patient earn a lot, impatient people lose a lot of money.

javadevm8

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Well there is definitely no lack of such people in the space lol

All i ever hear is complaining by people and panic selling.

crzy

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Quote from: BUK2016 on May 02, 2018, 05:09:02 PM

Patient is key in every investment and not just bitcoin or crypto currency in general and that has been helping me in my trading decision in crypto currency.

Patience will help you to move forward in life, its really important not just in money but in everything.
In cryptocurrency, you also need this thing because you cannot make profit here easily, patience is virtue that you must have in life.

coinluisa

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That's true patience is virtue in crypto because if you don't have that it will bring you to loses and stress. In crypto you need of holding emotions mostly in trading because market is changing there's up and down and we cannot avoid it.

Xising

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Quote from: Nana1 on April 06, 2018, 07:45:52 PM

Cryptocurrency is a no go area if you are an “emergency investor “. By emergency investor, i imply someone who invests in cryptocurrency to get profits within some short period of time in order to settle some immediate financial. The probability of that happening cannot be ruled out, but in instances where they occur, the probability is about 1/10.

Patience is a virtue for bitcoin and another cryptocurrency investment. Prices exhibit intermittent Bearish and Bullish movements over short periods of times which may leave investors confused as to what step to take.

A successful investor studies the market, invests in a coin that always rises remarkably after a significant drops and take decisions in moments of highs and lows.

This will save a lot of anxious investors who sell their coins when prices are dropping, causing them to lose significantly.

Definitely, it is one, if not, the most important character one should have in this market. More than being knowledge of how the market works and how you can use them to your advantage. Being patient is one of the key elements that could make or break one's venture. It is the thin line that can limit those who can get something after waiting for a long while for their investments to mature as compared to those that prematurely pull out their investment without thinking it through.

SkvorNyc777

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Swipe!

It's one of the most important crypto virtues generally. Other deciding thing is experience and vision of your actions.

Palodar

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Quote from: kkaroul4 on May 02, 2018, 01:39:27 PM

it's really true because in a very good trade it must have a great sense of patience to get good results, so in trading it should never use emotional because by using emotional it will certainly cause harm because he was too panicked

Panic sellers are those who end up regretting every decision they made, we should know what we really want and set price we can wait for us not to panic too much.

onnz423

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I can agree with this point to some extent. You need patience to bring in big profits. However, with that being said, you need to make sure you are not to “in love” with a coin and make sure you leave at the right time. I've seen people holding onto a coin even when it is clearly on the bring of collapse, this is usually simply because they have invested so much into it that they don't want to exit on a loss. Sometimes you have to take a hit, rather than get completely wrecked.

julzcoinbit

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Quote from: BUK2016 on May 02, 2018, 05:09:02 PM

Patient is key in every investment and not just bitcoin or crypto currency in general and that has been helping me in my trading decision in crypto currency.

This is the most important attitude to survive here in crypto currency because of patience we can take control out of some drastically drops of market sytem in crypto, especially in bitcoin investment.

BUK2016

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Patient is key in every investment and not just bitcoin or crypto currency in general and that has been helping me in my trading decision in crypto currency.

itsik78

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If you are on the path of trading, be prepared to be patient.Without it, you just do not get rich.In addition to patience it's not bad to even include brains. brain+patience=BTCBTCBTC

tegaisaffluent

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For one to be really successful in cryptocurrency, the quality PATIENCE is not an option but a must else the investor will end up being frustrated because he/she will sell whenever the market is bearish. Beside whenever there is a lost in business most people will just quit.

AgentZero23

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Patience is a virtue and perhaps people who have that will surely the gainer like holding your valuable tokens for a long-term and see it's value rise over the time. But, be wise on what coins you are holding for a long-term because some projects failed to deliver their promise and follow the road map.

Topic: Patience is a virtue in Cryptocurrency Trading. - page 13. (Read 2048 times)