Patience is power - page 5. | Bitcointalksearch.org

God bless u

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Quote from: snowpega on January 26, 2024, 11:20:21 AM

Dear Patience is the key to managing risk and risk management is the key to success in the crypto space. well If the person doesn't have patience and keeps making impulsive decisions he/she will destroy the net portfolio so in this case it is the best option to follow the trusted and well-experienced person in your circle if you do not do that so those days are not so far when you will see your portfolio ending and you you just have to repent.

It often happens to me that I buy as many coins as I can and then they drop so low they can't even reach my buying price and then I have to wait for it but this wait is too much for me, I can't do it like this because I want to book my profit as soon as possible, so I think my method is not right because I would sold all the coins that are there, but still they give me a loss, so my personal opinion is that the person should be patient.
Then it will give more benefit more the thought.

Sandra_hakeem

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Quote from: JMBitcointernational on January 15, 2024, 10:30:58 AM

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

you just mixed up everything together and at some point, I felt like you haven't read enough in here to atleast - understand that this are somewhat two different topics.....yes!

I'm even more concerned about your experiences during the times you were still trading... If I'm quoting you directly; you said you normally made money from those little analysis, why did you stop?.. if you weren't fearful up to the time you started trading with a real account, what later triggered your fear?... Cus the forum being INFORMATIVE on HODLing rather than trading didn't trigger your fear, did it?

Sandra 🧑‍🦰

snowpega

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Dear Patience is the key to managing risk and risk management is the key to success in the crypto space. well If the person doesn't have patience and keeps making impulsive decisions he/she will destroy the net portfolio so in this case it is the best option to follow the trusted and well-experienced person in your circle if you do not do that so those days are not so far when you will see your portfolio ending and you you just have to repent.

Natalim

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Quote from: JMBitcointernational on January 15, 2024, 10:30:58 AM

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading

Trading doesn't necessarily mean that you always buy and sell, sometimes we also need to hold. If you are doing trading in real life, you know when to hold and when to let it go. In my life, not all of my trades went successfully because for some reason and sometimes I sell my coins even if I lose some rather than waiting for long and getting nothing.

There is always a reason for such a thing and this implies how important to learn to hold and become patient because never controls the market movement. This is not just for newbies but all active traders as patience is the key to success.

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Quote from: wtsimis on January 23, 2024, 12:23:52 PM

Even the most difficult dangers can be saved through patience.

Well, that will depend on the type of danger you're referring to there. As youngsters we were told that when we dilly-dallied on things, they could've dire consequences. As an adult, I've grown knowing that to be true. Exercising patience or being patient doesn't cut across all walks of life. There are areas where that will become a disadvantage. It's just like telling someone that one's a risk taker. Yes, it's good to be a risk taker but there are certain risks that will seem tomfoolery when taken. That also has to be put in context like the patience thing.

NewRanger

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Quote from: wtsimis on January 23, 2024, 12:23:52 PM

Even the most difficult dangers can be saved through patience. Patience is a virtue that enables individual to navigate various challenges with calmness and resilience.

True, but this is very evident if we trade 3 days ago, for example for Altcoins like CTSI, today the price just started to rise and so did the others. So, the point is that not only is patience needed when buying, you also have to be patient, don't buy blindly, that way we have a greater chance of making a profit in trading if we know how to analyze the market.

dansus021

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patience is real power if you do trading, emotion is the number one thing if you want to trade, especially with derivate products like futures. if you can control when to take profit and when to take the loss I think you gonna save in trading,

but personally I would prefer to do spot trading than derivate product like futures or option it much saver to trade without leverage IMO

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Quote from: JMBitcointernational on January 15, 2024, 10:30:58 AM

I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

Nice to hear that you take the senior member's advice seriously and play your role accordingly. The Old/Senior members are suggesting something actually based on their experiences in the past. So yeah it's always good if newbies follow them.

If you talk about patience, yes it (patience) is the key of success there is a proverb. So not only in trading but also at everywhere in real life we should have enough patience.

knowngunman

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Quote from: JMBitcointernational on January 15, 2024, 10:30:58 AM

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

Trading is risky not only for newbies but even for those who are also old in crypto space. One thing with trading is that you'll eventually lose your money if should continue trading. No matter how good you think you are or how well you think you are getting profit, if you should compare the amount you have lost and the profit you have gain, I bet your lose will be more. To escape from this lose, you must exercise patience and hold your coins for a long time in order to make good profit.

To hold your coins, you don't necessarily need to have deep technical knowledge like trading where you need to have a very good understanding of technical and fundamental knowledge before you begin. Having technical knowledge about crypto is good but the most important thing you need to know is how to secure your wallet after you already have the idea of what crypto is all about and the risks involved. It's good to hear that this forum has served it purpose to educate you and help to avert the loses.

MIner1448

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YES, this forum is a treasure trove of information, here you can find almost everything, even motivation to move on after each failure. After all, many stop after their failures, mainly because of the wrong strategy or their phobias, the forum betrays the confidence to move on.

GeorgeJohn

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Quote from: JMBitcointernational on January 15, 2024, 10:30:58 AM

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

in all this what you have to understand is the principal and the techniques of trading first that is why it is advisable for someone to learn and they understand the procedures of trading before they can be able to raise a big amount of money for their own personal trading, lose is what everyone experience in trading so therefore you have to advocate to learn trading because if don't do that you will continue to lose.

Myleschetty

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Quote from: wtsimis on January 23, 2024, 12:23:52 PM

Even the most difficult dangers can be saved through patience.

No, patience only can't be saved through patience. The most difficult danger correction and solution means can only be seen through patience. There's still a need for good wisdom to fix the danger.
Therefore, even in the crypto market, knowledge, wisdom, and a thorough understanding of the market are still required; patience alone will not supply the power that is required.

HajiBagi

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Quote from: JMBitcointernational on January 15, 2024, 10:30:58 AM

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

Some newbies may not understand this, but if you truly believe in cryptocurrency, you must be patient. No matter how hard you try to succeed in life, without patience, you will never get what you want. Many people don't think that patience is the key to success until they witness someone who has practiced it succeed; at that point, they will begin to complain and feel envious that someone who is just starting out has succeeded; those who have succeeded will turn against them.

There are reasons why a lot of people quit this forum: they lack patience and view it as a place where they can come and start earning money whenever they want. They don't think about anything other than making money on the forum, and everything you do has a stage where you can join a campaign and get paid, but you have to rank up first, which is the thing that affects the most people in this forum. Thank God, you are aware that being patient is the key to success in life, and you will never regret joining this forum.

wtsimis

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Even the most difficult dangers can be saved through patience. Patience is a virtue that enables individual to navigate various challenges with calmness and resilience. A person can increase efficiency and make thoughtful decisions and strategic plans due to his calm demeanor. Patience acts as an influence in moments of great uncertainty. Everyone should practice patience because without patience self control does not come. You can never get rich in the cryptocurrency world without patience. Because if you lose patience in very bad market conditions, the chances of losing your wealth increases.

snowpega

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Quote from: moneystery on January 20, 2024, 01:51:38 PM

there is nothing wrong with holding or trading, the most important thing is how a person can determine which is best for him, whether holding or trading, and how much risk he can tolerate. because investing in bitcoin is not just about being patient, but also the holder must understand how they can do that and how they can determine how much and how long they will hold the asset before they will finally sell it to make a profit.

Dear Holding has less risk and trading is like gambling which has a high risk of losing funds. If you do over trading you will washout your net portfolio and if you are a good trader you will make good money out of it but the same thing I will repeat again trading is more risky as no one can predict the market 100% accurately.

On the other hand, holding has less risk of losing funds because you only sell your asset when you reach to desired points or you can even set your pre-selling order on exchanges like when the price hits your points your asset will automatically sell by the exchange feature that is why holding has less risk.

Hamza2424

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Quote from: JMBitcointernational on January 15, 2024, 10:30:58 AM

Initially before this forum , I was active in trading crypto which sometimes my analysis will enter for me and I will make some money and at a point the phobia of loss enveloped my thought and I stopped trading crypto because of series of losses but when I joined the forum ( bitcointalk) I read a thread that talked about patience and that all the newbies should Hodl coins instead of trading and that they should go through what the high ranked members post before making their own post and after going through series of threads I decided to read as much as I can and to hodl as much as I can and now all my technical analysis are going towards my direction and the chances of loss has reduced however, I thank all the High ranked members for their advice and at same time ,I urge all the newbies to be patient enough to read more post before posting .

Hmm, I've been quite active on social media for a couple of days due to my serious health conditions because there's nothing to do for me and I cant sit for long, due to all these circumstances was just spending my time on the reels and Instagram, I'm following my trading analysts and on social media as we recurrently get the reels and posts relate to the interests. Haha after all this explanation I was just trying to say that I've gone through a reel where I recalled something that on X, Y plane there just 4 possible scenarios for a trader, BP, BL, SP, SL..

BP=Big profit
BL= Big Loss
SL= Small loss
SP= small profit.

On the trading end relating to the topic, if you re not patient then ear you are never gonna skip that BL and never gonna have BP. So patience & discipline are the key to success in trading or in any field of life while achieving a goal.

Rustam Meraj

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Yes you are right being patient is really important for success in anything we do. If we are patient and do our tasks well so we have a better chance of reaching our goals. It's also a good idea to start tasks with patience so we don't miss important things or make quick decisions. And when it comes to trading or investing it isreally important to get advice from people who know much about this. They have a lot of knowledge and can help us to make good decisions.

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Quote from: God bless u on January 16, 2024, 01:45:59 AM

Patience is a very powerful thing in crypto. Patience is the only thing that allows us to invest in crypto. With patience, we can sustain our losses that once we get impatient then we will continue to lose but since most of what is patience in crypto and also we should not panic because whenever we get a token or an entry In trading, then we should show patience and tolerance to the fullest, see that if we take any token, it will go down and up some time it will give us small loss but if we will continue our patience then the small loss will change in big profit.

Patience is very important for trading or holding in cryptocurrencies.Traders who do not trade with patience cannot be successful. Whenever we trade any coin we have to remember that the price of this coin can go down or even up. So when the price of this coin goes down we have to wait patiently until the price of the coin goes up. There are many who lack this patience and sell their traded coins when their price drops. Then if he waits patiently and if he sells when the price of the coin increases he can get a lot of profit.

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Quote from: Victorik on January 22, 2024, 03:25:00 PM

Agreed! Patience is a most have in this space. Without patience like you said, you can't really Hodl.
But again it depends on what your plans are for the particular asset you are hodling. In all you do, always have a strategy and ensure that you follow through that which works for you.

For BTC definitely. For other just in choosing which Altcoin is superior besides ETH and BNB. For other things, such as market corrections, I think the rise and fall of market prices when trading is normal. Apart from that, if we still lose, it's normal because we don't have trading experience and are still not used to it, but if we get used to it, it will be very easy to navigate.

For those who play leverage trading, try to avoid it as much as possible if you are not an expert. If you are skilled, no problem. If I see BTC is the most transparent in its trading, if we want to buy while monitoring other prices there is a lot of drama and differences.

yudi09

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Quote from: JMBitcointernational on January 15, 2024, 10:30:58 AM

-snip-

Because you have been active in crypto trading before being on the forum, you must have had bitter and sweet experiences that can be shared with beginners who were first on the forum rather than being directly involved in trading.
The experience of experiencing losses that no trader wants will be greatly appreciated if you are willing to share it in every post whose aim is about how not to experience losses when trading.

And regarding patience, it is of course a true strength that is very necessary in every trade carried out using methods and strategies. If you don't have patience in trading, what should be profitable will actually experience losses.

Topic: Patience is power - page 5. (Read 1541 times)