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Topic: Patience is a virtue in Cryptocurrency Trading. - page 4. (Read 2048 times)

newbie
Activity: 84
Merit: 0
Yes patience is the key it is the most important thing in cryptocurrency world if you can't wait you will regret it .
sr. member
Activity: 1071
Merit: 253
It is very difficult to win in crypto if you are not patient. Crypto market is very volatile and you have to be patient when price is low. Most people regret their actions in crypto because they sell at very low prices because of panic when they read fake news. Always have in mind that you are not here to just win instantly but with patience, you will definitely win and achieve your goals.

Yes, it is indeed very true. Patience is a virtue in trading and holding. We should all be patient enough to wait for the right time and value to come.
Absolutely patience is virtue specially in crypto currency trading, I think everyone should learn this skill of having patience while it will be time to hold and not to think about selling at low or panic, as we know that bitcoin is moving towards betterment so the thing we will have to do right now is holding patiently and never think about panic selling.
full member
Activity: 896
Merit: 104
The Standard Protocol - Solving Inflation
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.

I would agree with you to some extent but you,  however, do not out into consideration those that practice day trading.
The term emergency investors, I can say,  correctly describes what day trading entails. It is simply taking advantage of the differences in the price of bitcoin over short period of time to make profits.
Patience, however, remains an essential virtue for traders especially newbies who don't know how the market works and always panic anytime there is a slight decrease in the price of bitcoin.
full member
Activity: 406
Merit: 100
Yeah absolutely, patience is a must and a virtue in cryptoworld specially in trading. If you do not know how to control your patience, you will end up earning nothing or earning a little bit amount coz you did not wait for the right moment.
legendary
Activity: 1110
Merit: 1000
Patience is must with bitcoin. Whether it is trading or something else, patience leads the user towards success. In specific, cryptocurrency is completely unpredictable. So there needs to be an alternative plan to be ready while getting into trading. If one is not possible to overcome the loss based on the unpredictability it is good to have patience and get the benefits.
Everyone should practice in themselves to have a long patience when it comes to the market of cryptocurrency especially today that the market was degrading and we couldn't do anything to make it change rapidly. All we have to do right now is to wait when it would gonna be higher and be positive that it would happen.
newbie
Activity: 210
Merit: 0
It is very difficult to win in crypto if you are not patient. Crypto market is very volatile and you have to be patient when price is low. Most people regret their actions in crypto because they sell at very low prices because of panic when they read fake news. Always have in mind that you are not here to just win instantly but with patience, you will definitely win and achieve your goals.

Yes, it is indeed very true. Patience is a virtue in trading and holding. We should all be patient enough to wait for the right time and value to come.
jr. member
Activity: 74
Merit: 4
Definitely it is. A investor or trader need to well aware of the market situations and act wisely.
sr. member
Activity: 924
Merit: 265
patience if you do holdings and tradings because you must wait for the market to have a good value before selling or buying in trading same with holding you need to wait until the price has a good value and sell your coins for a good profit.
jr. member
Activity: 350
Merit: 2
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 having a good sense of humor is very good at trade because it also leads you to a success rate in a good sense of humor
member
Activity: 215
Merit: 11
Patience is must with bitcoin. Whether it is trading or something else, patience leads the user towards success. In specific, cryptocurrency is completely unpredictable. So there needs to be an alternative plan to be ready while getting into trading. If one is not possible to overcome the loss based on the unpredictability it is good to have patience and get the benefits.
sr. member
Activity: 952
Merit: 274
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.
You should have patience for you to wait the right time to buy and sell. It is true that patience is virtue in cryptocurrency trading, you can lose your investment if you do not have a lot of patience.
hero member
Activity: 1862
Merit: 830
You know sometimes the price drops down suddenly to half of what they were and if you sell at the high and when the price goes down , you buy with the money you had you are actually gonna make a good profit.
Your money won't decrease and you will have more Bitcoins, this is the essence of trading is what I think.
It's active and more or less kind of a gambling at times.
I think holding for long term has its own side effects , what it the price never got back up again ?
But through this method you won't loose any fiat.
full member
Activity: 532
Merit: 100
I really agree with what you say here, patience is a very important key in short-term and long-term trading because patience will determine the benefits we will get here, if a trader is not patient then they will lose and regret

Patience, calm, not turbulent. It is important to your have a cold head. This does not come from a new investor, it requires you to have a lot of experience to do so.
newbie
Activity: 99
Merit: 0
Trading in Cryptocurrency needs more patience. You cannot earned much just for overnight. You need to study the pros & cons in trading. A cryptocurrency exchange is not part of the regular stock exchange.
newbie
Activity: 238
Merit: 0
patience is the backbone for the cryptocurrency due to the market is volatile in nature we cant expect fast results in bear market nt to sell coins in panic market is important move
jr. member
Activity: 317
Merit: 1
We all have to be patient to hold and wait for the right time to sell it and with There will be many instances where things will be very difficult for us to handle our emotions here in crypto trading but I believe that through patience and persistence we will be able to achieving the best trading attitude we all want to achieve. the best value
sr. member
Activity: 616
Merit: 262
I think it is not patience to wait needed in cryptocurrency trading, it is more on knowledge and understanding with quick moves and concentration to be watchful every second of the day, because in trading it is important to be wide awake 24/7 becauae the market is so volatile and easily fluctuates in quick time, but patience to spend more time is quite important to make you succeed.

One of the recipes for success in trading is patience. Those who panic buy or sell do not have patience that's why they incur losses and sometimes they have profits but it is because they are lucky and those who wait for sometime and buy or sell when they think its the right time most probably will have gains and will have consistent profits because they are not controlled by their emotions but instead they are level headed when they are trading so they know how to follow their trading plan and strategy.
sr. member
Activity: 1582
Merit: 333
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.

When trading, never take the decisions very fast. before doing this or that step, think it over. Also, do not sell the coins when they are falling: the probability that they will recover soon is very high.

when your trade should also be able to control your patience to be able to make a profit. And I think patience is a very important thing when you trade
to enter or open transaction will be very complicated to analisys chart.and it need more time.having good patience help us to best analisys to enter market and maximize our profit in single transaction.
sr. member
Activity: 672
Merit: 253
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yes, it is true to do any activity in the world of crypto the most important thing that must be owned is the level of patience is high enough. because the activities undertaken in the world of crypto is a very emotionally draining activity. but if we already have a high level of patience of course everything will not be in vain.
member
Activity: 322
Merit: 12
I think it is not patience to wait needed in cryptocurrency trading, it is more on knowledge and understanding with quick moves and concentration to be watchful every second of the day, because in trading it is important to be wide awake 24/7 becauae the market is so volatile and easily fluctuates in quick time, but patience to spend more time is quite important to make you succeed.
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