You can be patient at the wrong time too OP, for someone who is looking forward to making some gains in Bitcoin, they need to buy when the value is not looking attractive at all, if you buy the top and keep holding hoping it will keep surging you will wait for many years to come and that will cause you pain..
There are investors that experience and do this every cycle of the bull run, they're buying at the peak and despite that, I think that there's still something good with that because their patience is being developed. On the other hand, being patient and waiting for the right time to buy is, you'll never be that time because there's always a lower price that you might think of and will stop you from doing some actions of buying.
To be a good investor you need to be smart too, know when to buy and hold unless you want to hold for the long term then price action won't matter, patience needs to meet the right time because if it meets the wrong time it will all be in vain.
Those that are smart and wise nowadays, they've experienced the worst from the market. And with that, it has taught a lot that can be applied even in today's time of the market.
Every investors needs to have a plan, don't just buy and buy when your plan to take profit is in the short term, you will get wrecked.
Exactly, there's always the plan about the period of your investing but if you plan not to exit the market, then keep on buying.