Patience is the main key of success on trading platform. - page 8.

prtty2gal2

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Quote from: BigTeeths on March 28, 2019, 10:35:10 PM

A lot of inexperienced traders don't still know that the huge profits comes from holding your assets for a long time. And with high volatility of cryptocurrencies, a normal 10x-50x gains for 10 years can be 1000x or more in this market with the help of a bull market and huge FOMO in many countries.

It also depends too, I have some coins in my portfolio now that I have already made mistakes of putting in my fund which I am deeply regretting because I caused it by not making my research on them before investing and those ones, I doubt if they will ever pick up again no matter how long you wait, even if you wait for 100 years.

What I am just saying is that, it is not every coin that is worth holding, if one is going to hold, it is best to hold coins that one is very sure of its survival and existence for years, most especially Bitcoin, some coins might be trending now, but what future holds for them might be shaky.

Quennlorna42

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Yap !!! I always have that patience in every way even before last year so far, the crgpto trend is so far that I still have a lot of coin holders with no value so sad because I still have difficult for trading because of the situation of a trading platform so will be very patient when I get back to normal.

BUK2016

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Well, I don't really believe patient is the most important aspect to be considered but I rather prefer good knowledge of trading crypto currency as that will really help you Man.

taktik

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Quote from: Malsetid on March 29, 2019, 12:22:31 PM

Quote from: mornabo on March 29, 2019, 12:11:50 AM

Quote from: AjithBtc on March 28, 2019, 10:41:50 AM

With cryptocurrency patience is a very big factor that every cryptocurrency user need to possess. Over several surveys taken with the cryptocurrency users, majority of the users profited after long term holding. Also when asked about the holding time period, it was mentioned that they hold for at least seven years time to profit good after investing.

Actually not only holders who need patience in cryptocurrency, but even all investors, and traders. price changes in the market can bring prices anywhere because of their fluctuations. for traders, of course they will often see prices fall, and they must be patient to wait for recover prices or do cutlose, generally patience is needed by all users to make profit

Patience is the opposite of being anxious and panicky so of course it's extremely important. Though it's going to be a hard practice especially for newbies. But it can't all be just patience. One should also practice critical decision making and to be flexible if the market requires it.

In fact, you are really right, but if you take into account the current state of the cryptocurrency market, then all these traits are very hard to hold. I think that now, first of all, you need to be patient and wait for the recovery of the cryptocurrency market.

Malsetid

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Quote from: mornabo on March 29, 2019, 12:11:50 AM

Quote from: AjithBtc on March 28, 2019, 10:41:50 AM

With cryptocurrency patience is a very big factor that every cryptocurrency user need to possess. Over several surveys taken with the cryptocurrency users, majority of the users profited after long term holding. Also when asked about the holding time period, it was mentioned that they hold for at least seven years time to profit good after investing.

Actually not only holders who need patience in cryptocurrency, but even all investors, and traders. price changes in the market can bring prices anywhere because of their fluctuations. for traders, of course they will often see prices fall, and they must be patient to wait for recover prices or do cutlose, generally patience is needed by all users to make profit

Patience is the opposite of being anxious and panicky so of course it's extremely important. Though it's going to be a hard practice especially for newbies. But it can't all be just patience. One should also practice critical decision making and to be flexible if the market requires it.

lienfaye

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You're right about this, patience is one of the key to become successful in whatever you do. But in trading, we really cant predict the future price of our hodlings, sometimes selling beyond our initial capital is a good thing already however after that we really cant say if the value will continue to rise or fall after you sold your assets.

I had the same experience many times and just realized that regrets are always in the end. I always think about the outcome if I didnt let my emotion get involve with my decision, maybe at this point I gain more than what I had before.

Thats why it takes a lot of guts to be able to gain more, its associated with risk but those who managed to embrace the consequences of waiting without accurate result are likely the ones who will succeed in their chosen path.

Annalise24

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Atronocom

I have come to realize that you do not need of patience to succeed here.
One need the ability to know when it's right to sell instead of just holding without plan.
I believe if you had followed up on developments regarding the coin ,you could not have sold when you sold.

BlackPanda

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Quote from: The Cryptovator on March 24, 2019, 03:14:33 AM

I believe everyone know about this sentence, "patience is the main key of success of trading platform". But I am realising that in practical. I have patience but not enough I think. Because you can see the trend of RVN, I was hold it and just sold almost in 20% profit. But I didn't wait even volume was increasing, I just missed my own logic. I had enough patience really. But who know RVN will touch 1400+ satoshi but I sold it 450 satoshi only. That's why I am realising patience is the main key if success on trading platform.

Sometimes many things are difficult to predict. A few months ago I had received aidus coin from a bounty and it turned out that after a few months now the price had increased significantly. Furthermore, the current one is eterbase, before I had wanted to sell eterbase at a rate of 700, but now the price has reached 6300. That is why the importance of patience, we can get benefits and opportunities when we are patient. Sometimes many things are unpredictable, so we must be able to exercise control in trading.

fullhdpixel

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Quote from: AjithBtc on March 28, 2019, 10:41:50 AM

With cryptocurrency patience is a very big factor that every cryptocurrency user need to possess. Over several surveys taken with the cryptocurrency users, majority of the users profited after long term holding. Also when asked about the holding time period, it was mentioned that they hold for at least seven years time to profit good after investing.

Patience is everything and not only in ong term investment, even in short term investment. You are right that a long term investment can give a very huge profit, that is if the project of choice is a good one to really stay that long, the only project that is still passing the test of time is bitcoin which is over 10 years now, but day trading too can really give a very good profit, imagine someone who has successfully been trading for 7 years, do you know how much the person would have made in total by now? So patience is the key to every aspect of this investment, be it long term investment or short term investment.

mornabo

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Quote from: AjithBtc on March 28, 2019, 10:41:50 AM

With cryptocurrency patience is a very big factor that every cryptocurrency user need to possess. Over several surveys taken with the cryptocurrency users, majority of the users profited after long term holding. Also when asked about the holding time period, it was mentioned that they hold for at least seven years time to profit good after investing.

Actually not only holders who need patience in cryptocurrency, but even all investors, and traders. price changes in the market can bring prices anywhere because of their fluctuations. for traders, of course they will often see prices fall, and they must be patient to wait for recover prices or do cutlose, generally patience is needed by all users to make profit

South Park

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Quote from: adaseb on March 26, 2019, 05:41:16 PM

He is correct. The reason why 99% of the retail traders have trouble making any money in the markets whether its Crypto or Stock or Metals or Oils is because they are impatient and they don't want to wait.

Basically I was like this also. I bought one stock, it didn't go up the next day so I sold it and bought another. That stock didn't move either, so I sold it and bought another. Eventually I was losing money due to commissions and spread even though the stock hasn't moved at all. Then looking in hindsight if I only held the stock a couple weeks, I would of made some money.

This is also largely that most retail traders only have a few hundred or thousands of dollars in the markets. So if you are trading stock, you can't buy any more than 1 or 2 stocks at a time, even on margin. So you are sitting around waiting and its easy to get impatient. So this is why having more capital sometimes help in trading.

To have patience is important but it is even more important to have a plan, there are many people that buy a coin because they think it will go up and even if it does they do not really have a plan about what to do when that happens, so you see those people holding their coins even when they already got huge profits, then the price begins to go down and instead of selling they keep holding thinking the price will keep growing but instead the price crashes and a trade that should have been a huge win becomes a huge loss.

BigTeeths

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A lot of inexperienced traders don't still know that the huge profits comes from holding your assets for a long time. And with high volatility of cryptocurrencies, a normal 10x-50x gains for 10 years can be 1000x or more in this market with the help of a bull market and huge FOMO in many countries.

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Quote from: The Cryptovator on March 24, 2019, 03:14:33 AM

I believe everyone know about this sentence, "patience is the main key of success of trading platform". But I am realising that in practical. I have patience but not enough I think. Because you can see the trend of RVN, I was hold it and just sold almost in 20% profit. But I didn't wait even volume was increasing, I just missed my own logic. I had enough patience really. But who know RVN will touch 1400+ satoshi but I sold it 450 satoshi only. That's why I am realising patience is the main key if success on trading platform.

You know why you sold it! You feared that the price might fall down and to be safe you ended up selling every coin you had. Now, if you ask me where you went wrong, i would say no where. You were right to sell it. You played safe, so there is nothing to regret over here. How would you react when the price dropped instead of rising? Obviously, you would react in a different way and make a post in different tone.
It is sometimes better to let go then keep holding. Yeah, patience is the key to success, but that's not always applicable.

Finestream

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Quote from: enhu on March 28, 2019, 03:31:59 PM

I always run out of patience when I see no prices don't change after a day. I sold most of the tokens I hold and the saddest part is that the after I just dumped all of it, the price suddenly go up which I can almost think the community is just waiting for my dumps.

Quote from: sinta23 on March 28, 2019, 03:08:13 PM

in the world of crypto patience it is very important to get the desired results because like trade and investment in order to get a big profit you must have great patience and confidence too

Investors last year must have lost their patience too while they see prices keeps failing everyday. But if they a barrel of patience to last til this day, they might be grateful to stick on holding strategy now that the market is becoming healthier.

Yes.It's just a matter of a long stretch of patience for you to be able not to lose your coins and definitely make profit from it when its high peak hits the market.But for those who have lost their patience and have resorted into panic selling easily,then losing is all they've got.

Bagaji

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Quote from: The Cryptovator on March 24, 2019, 03:14:33 AM

I believe everyone know about this sentence, "patience is the main key of success of trading platform". But I am realising that in practical. I have patience but not enough I think. Because you can see the trend of RVN, I was hold it and just sold almost in 20% profit. But I didn't wait even volume was increasing, I just missed my own logic. I had enough patience really. But who know RVN will touch 1400+ satoshi but I sold it 450 satoshi only. That's why I am realising patience is the main key if success on trading platform.

Well, patience is key although at some time over patience may lead you to lose in your trading. Am saying this from my personal experience in the crypto currency trading in the past. So, what is good for some people may not be good for some other people and that is the fact.

beerlover

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Quote from: The Cryptovator on March 24, 2019, 03:14:33 AM

I believe everyone know about this sentence, "patience is the main key of success of trading platform". But I am realising that in practical. I have patience but not enough I think. Because you can see the trend of RVN, I was hold it and just sold almost in 20% profit. But I didn't wait even volume was increasing, I just missed my own logic. I had enough patience really. But who know RVN will touch 1400+ satoshi but I sold it 450 satoshi only. That's why I am realising patience is the main key if success on trading platform.

You are very right man, patience is the main key to successful crypto trading because the crypto market is very volatile so no one can know what could happen in the next minutes, but one way not to lose your funds is to be patience and wait until you see a rise back in the price of the coin, some people give up too easily and this is why they can't make profit from the market even while others are making massive profit from the market, so let's learn to have patience when trading so that we can make profit.

enhu

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I always run out of patience when I see no prices don't change after a day. I sold most of the tokens I hold and the saddest part is that the after I just dumped all of it, the price suddenly go up which I can almost think the community is just waiting for my dumps.

Quote from: sinta23 on March 28, 2019, 03:08:13 PM

in the world of crypto patience it is very important to get the desired results because like trade and investment in order to get a big profit you must have great patience and confidence too

Investors last year must have lost their patience too while they see prices keeps failing everyday. But if they a barrel of patience to last til this day, they might be grateful to stick on holding strategy now that the market is becoming healthier.

sinta23

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DogData

in the world of crypto patience it is very important to get the desired results because like trade and investment in order to get a big profit you must have great patience and confidence too

natka

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Quote from: AjithBtc on March 28, 2019, 10:41:50 AM

With cryptocurrency patience is a very big factor that every cryptocurrency user need to possess. Over several surveys taken with the cryptocurrency users, majority of the users profited after long term holding. Also when asked about the holding time period, it was mentioned that they hold for at least seven years time to profit good after investing.

Of course, if we take into account the investments of 2016, then the profit in 2017 was for many users of cryptocurrency is very large. Based on this, we can definitely say that the active storage of their assets really brings the best results. But today the risks of long-term investments have increased several times.

AjithBtc

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With cryptocurrency patience is a very big factor that every cryptocurrency user need to possess. Over several surveys taken with the cryptocurrency users, majority of the users profited after long term holding. Also when asked about the holding time period, it was mentioned that they hold for at least seven years time to profit good after investing.

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