Patience is important - page 5. | Bitcointalksearch.org

nicolas1979

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Quote from: luca prieto on August 19, 2021, 05:31:25 AM

There are so many impatience people that missed important details sometimes, and lose the chance to make bigger profit because they didn’t analyze the market in the first place.
please be patient.Valuable coins need time to grow.
I am not mean that all altcoins are worth to wait.Just wait selectively.
One thing we must to remember that our goal is to make profit,so Patience should be based on your target price.

Many crypto users have suffered losses due to impatience with dump conditions. They often panic when they see the market price is red, and hesitate to buy when the market price starts to go green. But some are due to basic needs. I think investing in crypto should not use money for the kitchen, because it will be closer to a loss when we need it.

adzino

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Sure, if you are investing in bitcoin or one of the those well known top altcoin, then yeah, be patient and hold for long term. You will be making some very good profit in the long run. But if you invested on some shitcoin and the price went down. Don't keep holding. No matter how "patient" you are, you won't be making any profit. Most of the shitcoins when they get dumped, they never recover! Just sell whatever you have before the coin dies completely and invest in coins that are much better.

budi12

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Quote from: luca prieto on August 19, 2021, 05:31:25 AM

There are so many impatience people that missed important details sometimes, and lose the chance to make bigger profit because they didn’t analyze the market in the first place.
please be patient.Valuable coins need time to grow.
I am not mean that all altcoins are worth to wait.Just wait selectively.
One thing we must to remember that our goal is to make profit,so Patience should be based on your target price.

the most important thing in trading is patience. no altcoin is capable of increasing in the near future or rapidly. everything takes time to grow and improve. and make sure we have profit targets in each trade. because if we have a profit target then we will definitely prioritize patience until the profit target is achieved.so to get profit then we have to be patient because the growth of altcoins is not as easy as turning the palm of the hand.

huu78

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One of the conditions of trading is patience. This applies to both long and short term investments. But all will change in case of deep bearish. Patience will turn to panic and long-term investment plans are missed. Not everyone can do it, except for those who have been through something similar before.

Slow death

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there are scenarios where the person thinking he should be patient makes the mistake of waiting for an altcoin that the person bought at price X to increase while the altcoin has had high losses for a long time and doesn't show any sign that it could recover in the future. a concrete example:

almost all altcoins are still in big price drop compared to bitcoin if we compare with their ATH, but bitcoin is not far from its ATH, imagine who bought LTC when the price was $400? currently the price of LTC is still below $200. there are worse cases than this and that people do not sell at a loss because they believe they need to be patient because the price will recover

Anonylz

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Quote from: luca prieto on August 19, 2021, 05:31:25 AM

There are so many impatience people that missed important details sometimes, and lose the chance to make bigger profit because they didn’t analyze the market in the first place.
please be patient.Valuable coins need time to grow.
I am not mean that all altcoins are worth to wait.Just wait selectively.
One thing we must to remember that our goal is to make profit,so Patience should be based on your target price.

Couldn't agree more, patience they say is a virtue, it pays off when you are able to exercise it at the right project, i have seen it severally so i believe it is not just a mare saying, yes, not all project deserve to spend such time waiting on but there are some deserving and potential ones that you don't need to hurry, just give them time to grow, infact, if we must be realistic, it will have to take a couple of years for a project to actually have a workable product that will be useful to people, to build such product will require time, but unfortunately we are all use to having artificial pumped project that we tend to forget tis aspect, not all all project can bring good returns in a short time, only patience with the project that really worth the time.

rosebrand

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Yes patience is one of the key to success in the crypto space, but we most likely allow our patience turn in to greed which is very bad, imagine holding a coin and gaining so much profit even hitting the specified take profit set but the holder refuses to sell off and keep holding for more profits, will that be called patient or greed? This is where we mostly get confused, we should try to know the difference between being patient and being greedy. If your target hits sell off but if you still want to hodl for the long term then be ready not to sell when prices start falling.

avarnet

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It is true that in the crypto world we need strong and patient analysis and reasoning so that when we play in the cryptocurrency market we must be careful and smart in studying the ups and downs of selling and buying prices so that we do not lose and be in vain in terms of making a profit, and a lot of patience is needed. here for us to be safe and successful

Oneandpure

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Too Patience just make you more loss so is not always Patience is the key for success in cryptocurrency, I still remember with my coin hold for long time and I think patience is will give me winner with coin pump, but after few year hold coin delist from exchange market until scam on my wallet right now, if got chance on the early to sell coin why have waiting for long time and need patience to see coin become scam.

danherbias07

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With Bitcoin and Ethereum I could spare a lot of patience but when it is with other altcoins it will be a hard thing to do.
First, you will maintain that the project is following the roadmap, if they skip one step or if they change the path, put some doubts on it and be ready for a big withdrawal.
Then, how is their marketing strategy? Are they really moving at the way you are expecting them to move or they will just let the people decide.
Investors also needs some push if you want them to join your brigade, they are not like mushrooms that will come out of the blue.

It's not really patience you need but efforts in keeping track of what their next move will be.

(o)(o)ilikeboobs(o)(o)

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Patience in investing is the motto that Buffet mentioned. Only patience will pay off in the investment process. Every company has a different time to develop, so it is important to properly determine your investment.
Altcoins too, are software, they take time to develop. Cardano is an example, this project has increased more than 100 times since the downtrend happened. The most patient people in the crypto market have become rich because of the rise in the price of this project.
An investor needs long-term vision and patience to have success in investing.

MIner1448

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Patience is certainly great, but sometimes emotions absorb you when you see that your coins are rushing to the very bottom or vice versa to the very top. I caught myself on this when impatiently pouring coins on the lows or when a coin starts to rise. Patience in the world of cryptocurrency should be developed in a real trader, here I completely agree with you.

semobo

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Quote from: luca prieto on August 19, 2021, 05:31:25 AM

There are so many impatience people that missed important details sometimes, and lose the chance to make bigger profit because they didn’t analyze the market in the first place.
please be patient.Valuable coins need time to grow.
I am not mean that all altcoins are worth to wait.Just wait selectively.
One thing we must to remember that our goal is to make profit,so Patience should be based on your target price.

When you are sure that your coin will grow then its worth to wait but holding a shit coin when its leaping to zero is stupidity as well so do your research before investing and analyse the factors which is affecting the prices and hold accordingly.

cricketkhampion

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Yes, bro patience is very important without patience you can't be a big trader. and patience plays a very important role in trading because if you have patience then you can hold any token sokeep patience and be a big trader All the best. and in case of loss, you should also keep patience because our prophet Muhammad peace be upon him said that patience is a blessing

bitkanu

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I do agree with your statement. I have been experiencing selling a lot of my coins too early.

I have learned a lot from my past experience. I will take a coin like hex. So many people were thinking that if it will never reach 10 cents but this time it's almost 20 cents. The development needs progress and time.
It can't be done just in one night. CZ was also saying that if you can't hodl and then you will never be going to the moon.

There will be no an instant development. To be a very selective person is a must when choosing a coin but when we are choosing a good coin and we must give it the time.

imstillthebest

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Market analysis is important so I don't think someone that involved here will miss this part . If they are impatient they have decide early if they will sell or buy without waiting or analysing further.

Quote

please be patient.Valuable coins need time to grow.
I am not mean that all altcoins are worth to wait.Just wait selectively.

Yes because you said valuable coins . If we say valuable that means the best coins only .

Quote

One thing we must to remember that our goal is to make profit,so Patience should be based on your target price.

and we have a different goal . Some prefer long term but some are contented with small profit . This could be the reason why some people acted like they are impatient but the truth is that they only have a short term goals .

Psynthax

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But that's the truth. many people are easily influenced by famous people, that's why many impatience people It has fallen a lot on failure. The financial ruined because of a false dream that they think can earn money easily without thinking and Analyze of the market

If a person is patience i don't think they will easily be influenced. But it's true, patience is the most difficult thing to do in trading or any similar thing. But, if we use technical analysis that most of people also use to see the market as mentioned, it will help us making a good decision with logic instead of making bad decision because maybe we are afraid of missing the market. That's why many always recommended to use market technical analysis. But selling in the right time is always difficult to do.

Kasabus

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Patience is one of the most important attributes of a good trader. When investing, you need to be patient enough to give your investment time to grow and yield rewards. But you don't just invest and be patient blindly, you also need to know when to take profits and also when to cut short your loses. They all go hand in hand in trading.

Being patient alone is not enough to be profitable in trading or investing. While waiting, you also need to think of other ways how you will still make profits even if the market is crashing temporarily. Or when you see the market isn't going on your side, stay calm and never do things in a rush. Most of them will only put you in the losing end.

It's also good to set your own target price when to sell. Once you are motivated with your investment, you'll never resort into panic selling because you know exactly your goal and how you will be able to achieve it. It's just a matter of focus and patience i think.

Qirtov

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I agree with you. Patience is important but we must remain selective in choosing the coins we will hold. Maybe this will be difficult but you really have to be careful. Back again with the topic of patience this is the most important thing to be prepared before you start trading. You have to learn how to control your emotions well, so you can be wiser in making decisions when trading. When is the best time to buy or sell, this will determine the profit or risk you will get.

Yaunfitda

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Quote from: luca prieto on August 19, 2021, 05:31:25 AM

There are so many impatience people that missed important details sometimes, and lose the chance to make bigger profit because they didn’t analyze the market in the first place.
please be patient.Valuable coins need time to grow.
I am not mean that all altcoins are worth to wait.Just wait selectively.
One thing we must to remember that our goal is to make profit,so Patience should be based on your target price.

Maybe we can blame those who teach that crypto market is a 'get rich scheme', that why investors specially newbies tend to not have the patience for the project to grow overtime and decided to sell when they are at a loss. I'm seen it during the last 4 years of myself really involving in cyrpto sphere.

One good example could be BNB or ADA, who suddenly grows so much in the last year or so. If people have this coins and think that it won't grow, then for sure they have regret their decisions if they have sold them prior to it's bull run.

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