Topic: Patience is a virtue in Cryptocurrency Trading. - page 19. (Read 2068 times)
Impatience doesn’t make any sense! The overall confidence and the experts know what to do next in the market. They sell at the top, buy at the bottom, they keep continuing it. But the weird thing is NOOBs are dumping valuable digital assets as they never know what the bottom is, neither the top. They are scared and they won’t recover. So, The best way to make a profit just HODL, since you don't lose anything before you sell. Holders are long game players.
Definitely patience is the most important element in trading keeping in mind that you have invested in the right project.But if not then cash out immediately because waiting for long in those projects will bring nothing but loss only. Follow some techniques in trading crypto like buy in the dip period(which is now) and then hold until the bulls market to come and then cash out your profits and enjoy this.
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.
Crypto is like stock, investors need to be patient before adverse events take place. We should not be afraid of market volatility and become FOMOer when the market goes up. The best way to make a profit is to wait patiently for everything in the future. 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.
Cryptocurrency is definitely for the long hodl even while trading . The true value of crypto isn't even realized yet. The true value of Ethereum is in the smart contracts that drive distributed apps. But this technology isn't widely used yet. Just imagine the value of Ethereum when Ether is used to power apps that millions of people depend on? The price so far is driven by the anticipated value of this and by speculation. Hodl on to your crypto, something big is ahead.
In my opinion, patience is the key of profit in the field of trading, now the market in a big crisis and the majority of cryptocurrencies in a total decline, Furthermore, It is unfortunate that many traders are afraid ( panic selling). Professional investors always make a lot of money in a long term because they behave well and intelligently in difficult situations ( like, this big drop ) and do not rush to make decisions, and they are very patience.
On the other hand , you must have a good vision in each situation on the market, and the expectations should be read, some news should be avoided through the media.
On the other hand , you must have a good vision in each situation on the market, and the expectations should be read, some news should be avoided through the media.
In my experience, I earned money in long-term investments and I lost a lot in short-term investments.
Crypto investment should be considered as long-term investments if anyone wants to make a good profit at the end.
And those who play short are like playing with fire in my opinion, though some very experts have succeeded in the short term.
Crypto investment should be considered as long-term investments if anyone wants to make a good profit at the end.
And those who play short are like playing with fire in my opinion, though some very experts have succeeded in the short term.
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I believe patience is the virtue of every business settlement not just crypto business while understanding is the factor that save from panic sell and this why is important to study what the crypto market entails.
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.
I have nothing to comment on the probability part, but on another point I agree, if people want to make profits with bitcoin or altcoins then people should be aware that they should hold for a long time.
What happens is the following: the person buys bitcoin when the price is in the $10,000 and the price begins to fall, and fall and when the price drops to $8900 people already panic and sell for fear of losing everything. people think the price will fall to zero. but this is because people want to make quick profits and when prices fall they lose hope.
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.
exactly, people want to make huge profits every day, but they do not know how to do it and they do not know that it is very difficult and risky to do that.
I doubt patience is what you need. Maybe in bear phase, patience can save you from panic selling. But in bull phase, patience can get you rekt. There were people who FOMOed in December and bought BTC at the peak of $20k. If they kept the patience till now instead of cutting loss margin. Then there investment is almost 65% down. Also, people who kept patience at missed the $20k selling point also losf big time. Thus, patience isn't what always work.
Yeah but most people need to understand that if you are just a lazy guy who does not even want to wait a few hours to trade, then cryptos is not for you. Most trades are not quick, you require a long time for making some profit from them.
I do not quite agree that the cryptocurrency is designed for long-term storage. No one could accurately analyze the behavior of the crypto currency, since it differs from the behavior of stock markets for example. And, quite often, it is more profitable to sell the received crypto currency at the start. provided there is a quality project and a careful analysis of the coin, there is not even a 50% guarantee that in the future the project will survive and the more will bring guaranteed profit.
I do not quite agree that the cryptocurrency is designed for long-term storage. No one could accurately analyze the behavior of the crypto currency, since it differs from the behavior of stock markets for example. And, quite often, it is more profitable to sell the received crypto currency at the start. provided there is a quality project and a careful analysis of the coin, there is not even a 50% guarantee that in the future the project will survive and the more will bring guaranteed profit.
It's important to note that not following your stop loss plan is NOT considered patience. Patience only counts before entering a trade and waiting for your plan to play out while still within the 'loss boundary'.. that is if you have planned your entry and exit.
Some salient points you stirred up there and without any doubt, patience is indispensable for success in any form of trading and particularly so in crypto trading, because the technology and market are still evolving and surprises are to be expected. However, patience should never be taken as substitute for sound and well informed trading decisions. It should be worthy of note that, first and foremost should be a trader's ability to make good trading decisions and then the patience to create the breathing space while the market takes its course. 
Patience is a main weapon of trader. Only thanks to patience we get an excellent profit! On the cryptocurrency market, only those who invest in a long-term perspective win. That's why I prefer hold my assets and enjoy with profit later. But also every trader has to pay attention to money management.
holding and having patience could be some of the best thing as a trader to do for and we all know that this is such of the kind for wherein we can say that people tend to be always have this when they have to get what they want for and having patience is one of the safe thing to do. It's important to note that not following your stop loss plan is NOT considered patience. Patience only counts before entering a trade and waiting for your plan to play out while still within the 'loss boundary'.. that is if you have planned your entry and exit.
Yes an important quality need for trading in crypto currencies is patience if you have and keep the patient level more higher you will be the good trader is all situation that's why patience is more important for trading .
Patience is a main weapon of trader. Only thanks to patience we get an excellent profit! On the cryptocurrency market, only those who invest in a long-term perspective win. That's why I prefer hold my assets and enjoy with profit later. But also every trader has to pay attention to money management.
It's important to note that not following your stop loss plan is NOT considered patience. Patience only counts before entering a trade and waiting for your plan to play out while still within the 'loss boundary'.. that is if you have planned your entry and exit.
I would completely agree to this. Patience is very important if you want to earn profits from the crypto market. This is the main reason why people are losing money now days. But sometimes what happens is that some investors cannot see their returns dropping. So it is not for the investors who are interested in short-term gains.
many people who have lost their money because they are panicked and afraid to lose more money but patiently will make everything become better
I still hold my coins even though I know this time is not a good time in selling then I will continue to be patient in holding it
I still hold my coins even though I know this time is not a good time in selling then I will continue to be patient in holding it
Success come within,if you have to be patient,because patient is the most important tool lesson to be i learned from the world of cryptocurrency trading, so far sometimes many investor are experience from the big mistake when it come to trader from rushing
decision to sell their coins when market are downgrade to fall,on that case some investor are likely to quite than to do it again and again, so taht if you want to invest from the start i quess do already to be research to avoid another mistake coz its a fundamental tool value,
decision to sell their coins when market are downgrade to fall,on that case some investor are likely to quite than to do it again and again, so taht if you want to invest from the start i quess do already to be research to avoid another mistake coz its a fundamental tool value,
That was exactly why most of newbie and some trader lose there money simply because they lose the patience when it comes to do trading. I think the best way in trading is invest only that enough to your budjet and dont go all in because if you need some you cant sell your holding tokens and coins in a lower price just to fill your daily expences.
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