Topic: Patience is a virtue in Cryptocurrency Trading. - page 9. (Read 2068 times)
Patience and dedication is a must for every trader to be. With patience, you can wait for a whole week and place one succesful trade that will make you profit, than be impatient and make several trade in a day that will lead to your loses.
true, patience is the key to successful trading. if you can have it you will succeed because trading is not just about big capital
I agree with that patience is really important when it comes in trading because without patience you will not get the profit what you want to, patience in crypto currency trading can help yourself to get you rich someday.
Yes,trading is need a patience because if without patience you have a chance to lose your money and you regret it.patience is the best way to success your life,like trading if you have a patience you have a big chance of your life to become rich because of trading and i heard many times traders is become rich because traders get a big profit.
The guy that does not know this word - PATIENCE - will never become a good trader. He will lose the money invested int he coins when the market starts to fall (which happens sometimes, we all know about it).
I agree with that patience is really important when it comes in trading because without patience you will not get the profit what you want to, patience in crypto currency trading can help yourself to get you rich someday.
Yes,trading is need a patience because if without patience you have a chance to lose your money and you regret it.patience is the best way to success your life,like trading if you have a patience you have a big chance of your life to become rich because of trading and i heard many times traders is become rich because traders get a big profit.
The guy that does not know this word - PATIENCE - will never become a good trader. He will lose the money invested int he coins when the market starts to fall (which happens sometimes, we all know about it).
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.
Most of the traders who loses their money in trading cryptocurrency is because they have weak hands. For us to become professional trader, we must improve our patience. We can make more money if we have a lot of patience. 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.
Absolutely. Patience is the key for success with crypto currencies trading and holding too. Without patience you cant make good profit with this digital currencies, because their markets, prices stay very volatiles, and going up and down all the time almost. So you have to wait until the price reach the best level, and it take long time usually.
Yes I agree that is required is patience, thoroughness reading opportunities, markets. And the most important thing is not panic, be it panic selling or buying panic.
Yes, you are right patience is key in crypto trading. If we have a great sense of patience, I am sure that the waiting we are waiting for will not be in vain and you can get a satisfactory result because of your patience. Especially if you are very patient to wait for the coins you hold the price can go up. Patience is very important and difficult to do if there is no intention.
Exactly, a patience is required and needed in any type of investments but your claim the Few of traders make a profit in a short period is really Mislead.We have to understand that Trading and investing takes time. Crypto currencies like bitcoin are highly volatile & daily flactuation is 60% so profit is not guaranteed.You need time to invest to make good profit .
Yes ofcourse, In trading you need to focus yourself you have to be patience and don't afraid to be loss always positive whenever happens.
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.
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.
This may be relatively correct depending on the goal of an investor whether they aim for short or long-term investment. Given that the price of bitcoins are volatile in the market, one may be able to earn short-term income if they acquire bitcoins in a low price and sell it if the price increases above the initial acquired price. Another thing, its volatility is what makes bitcoin a perfect tool for high yield investments in a short amount of time compared to other investment alternatives (i.e. stocks, bonds, treasury bills, gold, real estate, etc.).
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.
And it is also not possible for novices to not lose their senses during high and prolonged fluctuations. Patience is not that someone can learn without knowledge. Only a person with deep sight of crypto currencies can deal with the changing situations of this world. If a trader has trust in the strength of his coin and believes it to have a good future, no matter how bad market goes, and he will hold his coin.I do not blame newbies and novices when it comes to being impatient on trading. Everyone has to start from somewhere and from that mistake, they must learn on how to avoid it. Experience is the best teacher- novice traders should learn from all of their decisions relatively to the success of their investment. But prevention is always better than cure. They must learn on how to avoid such careless mistake in the future.
Not only patience but good strategies as well are needed to become successful here in crypto trading because when you only have patience you will not know when is the right time to buy or sell a coin because you just wait for the luck to come to you. For me patience is needed if you do long term holding because long term holding needs more time for the coin to maximize its potential to become a profitable coin in the future. While on the short term holding or what many called day trading, strategies and good monitoring skills are needed to fully know what's the best coin in the market.
It is obvious that we need a strategy, but at least what I have seen in the forum is that there are hundreds of strategies what many people are lacking is the patience to follow through their own strategies, there are many that plan to hold for the long term but as soon as the price crashes they sell their coins as fast as they can, so they are not really committed to their words and to their strategies. 
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.
And it is also not possible for novices to not lose their senses during high and prolonged fluctuations. Patience is not that someone can learn without knowledge. Only a person with deep sight of crypto currencies can deal with the changing situations of this world. If a trader has trust in the strength of his coin and believes it to have a good future, no matter how bad market goes, and he will hold his coin.
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.
Actually in every instances, it is true patience is a virtue, and so as in cryptocurrency trading it is effective too when you have enough patience. Therefore in trading you must apply all important techniques and method together with the right control of mind and emotions to be a successful trader
I think so tha Patience is the key to be success in the crypto trading.
If you can't do it, I am sure that are you panic when you see the price of crypto is going down.
If you can't do it, I am sure that are you panic when you see the price of crypto is going down.
yes you are right I think patience is an important factor for your trading, because when you can not control the patience you have it is certain you will be difficult to earn profits because it is easy to panic and easily affected by other people's talk.
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.
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 will be lot of instances wherein things would be really hard for us to handle our emotions here in crypto trading but I believe that through patience and perseverance, we would be able to attain the best trading attitude that we all want to attain. We must just all be patience to hold and wait for the perfect timing to sell it with best value.
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.
Two things are very important before entering into the world of cryptocurrency. Patience and courage. You must have courage to bear the loss in trading and the most important thing is to control your emotions. Don’t take quick decision. Take time and wait for good time so that you can make some profit against your investment. For this patience is necessary. 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.
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