Patience is a virtue in Cryptocurrency Trading. - page 5.

tumokatok

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Quote from: sgenuine on May 09, 2018, 04:05:28 AM

Quote from: arpon11 on May 04, 2018, 01:51:19 AM

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

financialgoal

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Patience is the main key in trading but most of the readers can't control their emotion. Always should be keep cool our mind.If we can't control our emotions then we will loss whole of our balance gradually.

forbesmining

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I am positive that patience should be a number one feature that a trader/investor has because a lot of your decisions or panic selling come from impatience so if you are like this you should probably do something else that does not require such qualities.

Omega Weapon

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Quote from: Kriptex on May 25, 2018, 06:27:53 AM

Quote from: Omega Weapon on May 20, 2018, 03:46:17 PM

Quote from: dikiyono on May 17, 2018, 02:15:55 AM

It turns out that not only Bitcoin is free falling, almost all Cryptocurrency has decreased significantly.
Be it Ethereum, Ripple, Litecoin, and various types of Cryptocurrency has decreased quite well.
Various parties have analyzed that the Cryptocurrency phenomenon triggered by Bitcoin is just a momentary phenomenon, or the cool word is the Bubble phenomenon.

You are completely mistaken bitcoin is not a bubble and it is not a temporary phenomena, bitcoin is going to change the way we think about currencies it is difficult to imagine how big its effect is going to be on the economy, but even if bitcoin never grew again in adoption and kept its current price that will prove that a concept like bitcoin can survive for long enough and maybe a new and better currency will be created out of it.

Money in the global markets always flows from impatient investor to patient investor, Warren Buffet says this. So it's the most significant thing to be patient in your trades. Otherwise, you have problems such as dumps.

I have read that quote and it is completely true, just think about bitcoin was below 2000 dollars when it began its bull run and even after the crash it is trading above 7000 dollars, so by doing nothing in a few months you could earn more than 4 times your investment, while there were many that tried to outsmart the market and are now paying the consequences of their mistakes.

Angelic T

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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.

NereuFajardo

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without patience, you are probably going to lose a lot of money, you need to be more than focused while you are trading, and if youa re always trying to make as much money as you can, you will lose a lot of money.

Faxmate

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Quote from: erichall on May 26, 2018, 11:18:48 PM

Quote from: TheDarkRide on May 25, 2018, 12:46:00 PM

Quote from: mkhadazz on May 25, 2018, 11:22:59 AM

yes you are right I think patience is a very important thing when you are trading and not only that when your trading should also be able to control your patience to be able to get a profit.

For people who has no patient, trading will be more like a gambling. When they saw the red market they will be panic and make a cut loss. Patient is about controlling our emotions and it won't be come instanly. Need time and experience to be able to do patient.

I used to be like this. I would sell when I saw red and then buy quickly when I saw green. Now I sit back and relax because I'm a long term investor and not worried about short term fluctuations.

This is not at all because perfect time to buy is when market is red and sell when market will be green, but I think you are being so rush which is making you to take wrong decisions, be normal hold your breath and look at the situation as when the price will be low, mean you should buy and when it is high mean you can sell, but for selling don’t be in hurry while for buying don’t be late so you will become a perfect trader, in trading a patient one never lose money.

Magiklair

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I can say that patience is the best virtue not only in trading, it is useful for success in every sphere. I think that it is very useful to have this feature for every business because only in this case it will be profitable

Cotton Candy

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Quote from: Nana1 on April 06, 2018, 06:45:52 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.

That is true indeed patience is one and the most important ingredient of success in this business in the cryptocurrency because not all the time the coin you will trade have a higher profits there will alway a time that they will have a bad coin day because the coins will mot gave you enough profit. If that is the case of course you will waut for the time for that coin to grow and of course i you are lacking of patience you will never get that win you wanted.

Phantomberry

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Yes everytime you make a choice you must learn patience because patience will bring you to success.

FUD Expert

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Quote from: whaawh on May 26, 2018, 04:23:45 PM

Quote from: andohyeb on May 26, 2018, 01:21:56 PM

Patience is not only virtue when it comes to trading cryptocurrency successful but it is also psychological good to make a best trade. If you have patience you won't panic to sell or take trades you aren't suppose to .

I can not understand why there is so much talk about panic during the trade? Is it so difficult to control yourself and not create an unpleasant situation in the market?

Bro, you need to understand that most of these people are inexperienced. I was once like them but after a couple of ups and downs in year, I finally learned the system and have the mindset that this market is always volatile and does not follow any pattern.

erichall

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Quote from: TheDarkRide on May 25, 2018, 12:46:00 PM

Quote from: mkhadazz on May 25, 2018, 11:22:59 AM

yes you are right I think patience is a very important thing when you are trading and not only that when your trading should also be able to control your patience to be able to get a profit.

For people who has no patient, trading will be more like a gambling. When they saw the red market they will be panic and make a cut loss. Patient is about controlling our emotions and it won't be come instanly. Need time and experience to be able to do patient.

I used to be like this. I would sell when I saw red and then buy quickly when I saw green. Now I sit back and relax because I'm a long term investor and not worried about short term fluctuations.

whaawh

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Quote from: andohyeb on May 26, 2018, 01:21:56 PM

Patience is not only virtue when it comes to trading cryptocurrency successful but it is also psychological good to make a best trade. If you have patience you won't panic to sell or take trades you aren't suppose to .

I can not understand why there is so much talk about panic during the trade? Is it so difficult to control yourself and not create an unpleasant situation in the market?

andohyeb

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Patience is not only virtue when it comes to trading cryptocurrency successful but it is also psychological good to make a best trade. If you have patience you won't panic to sell or take trades you aren't suppose to .

dimonstration

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Dimon69

Quote from: ruski on May 26, 2018, 10:26:49 AM

In my opinion, patience is the key to success in cryptocurrency trading, and without patience you will panic fastly and selling everytime with low prices. In fact, patience is required for dealing with crypto currencies in general, not only in the trading field, because the crypto prices are volatiles and go down and up all the time almost.

Most people that are new on this field feel this panic selling when the price goes down that is why when you are learn to have atleast some patience then this is good for.

ruski

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In my opinion, patience is the key to success in cryptocurrency trading, and without patience you will panic fastly and selling everytime with low prices. In fact, patience is required for dealing with crypto currencies in general, not only in the trading field, because the crypto prices are volatiles and go down and up all the time almost.

Arsalan1996

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Yes this is so true that the patience plays an important role in the trading business. If traders have losses patience when they are losing money they do mistakes mostly at that time and start opening the multiple orders which can harmful only instead of profitable. so we need patience in all manners to maximize the profit.

gabmen

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Quote from: darsiderin on May 25, 2018, 03:05:36 PM

Quote from: biboy on May 25, 2018, 01:15:54 PM

Quote from: chiko27 on May 25, 2018, 12:59:27 PM

Patience in trading for me is important in the cryptocurrency market. be patient when market conditions fluctuate and wait for the market to rise again. This is what I do when I trade for profit.

Not only in trading, we also need patience in all aspect in our life, for me having the knowledge and confident should always be in our side besides patience because we don't need to be patient in a certain coin if we already found out that it is not profitable anymore and there is no more event in that coin.

Patience, self-confidence and a positive attitude - this is the most important thing for trading cryptocurrencies. If this is all there, then knowledge is easy to find.

Of course. Since you won't always end up with positive results, not having these traits will eventually spell disaster for your trades and investments. Patience comes with having a positive attitude whether you get a good trade or not and that scenario will always present itself to you when you're in crypto

Sergio444

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Yes I totally agree with you in the sense that good analysis of the market with patience is key. I bought 3ETH when the price was a round 500 dollars, then suddenly, it dropped to 300 dollars. With the patience i had, for holding it for some time, I sold it out at 800 dollars. Now i really understand the whole issue of volatility in crypto.

Shutup

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Quote from: Nana1 on April 06, 2018, 06:45:52 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 lm in trading also now but I don't know about the others. I want to learn more about trading. I think this is a very good idea to have an extra income. Even though it's not too high the income atleast L have money to buy for our needs.

Topic: Patience is a virtue in Cryptocurrency Trading. - page 5. (Read 2068 times)