Topic: your patience is being tested (Read 5603 times)
As a trader it is not good when you involve your emotions because you might do an irrational action when you trade. So, whenever my patience is getting tested I spend less time in crypto and focus on other stuff. Then I come back to crypto again once my head is clear and ready to make rational decisions.
"Patience is a virtue" just like what everybody is believing. When you learn to stay calm while waiting, you will be blessed for what you have waited. Learn to control your emotions and just keep on holding to what you are trying to achieve because there is no such best prize for a greedy person.
when patience is being tested,
what are you doing in this market, is your routine still the same as usual or change other options?
selling at a low price is the same as selling a loss, and that is not a good solution. if you are a market player, you will know how to survive or take advantage of the market in any condition.
what are you doing in this market, is your routine still the same as usual or change other options?
selling at a low price is the same as selling a loss, and that is not a good solution. if you are a market player, you will know how to survive or take advantage of the market in any condition.
I never sell when the market is bad or if its in a bear run because that would just be losing. I only sell when the market is going down when i feel like theres no hope for the project, better sell it than hoard useless coins.
I regret hodling on to my cryptos when their prices are going down. Hoping that I was just a short drop and will go up again. But unfortunately their prices never went back. Now I have a bag of shitless cryptos. Hopefully the next bull cycle some of them will still be in the market so I could somehow get even with my investments.
Regret always comes too late and that is something you should not remember, because new opportunities for some good and popular Altcoins are always open for everyone to try when it comes to investing than you keep hoping for Altcoins that have dropped in price and are very difficult to return rise under any market conditions.
I regret hodling on to my cryptos when their prices are going down. Hoping that I was just a short drop and will go up again. But unfortunately their prices never went back. Now I have a bag of shitless cryptos. Hopefully the next bull cycle some of them will still be in the market so I could somehow get even with my investments.
I'm not really a day trader so my patience is not more tested than a few weeks ago. Though it feels like at the moment there are not so much promising projects going live than before.
But that's okay for me. The Defi hype and all the scams that came with out kinda did bleed out the cryptomarket for a while, and the general economical situation with corona sure doesn't help either.
Today it looks like the market recovers a bit... let's see if that trends continues.
But that's okay for me. The Defi hype and all the scams that came with out kinda did bleed out the cryptomarket for a while, and the general economical situation with corona sure doesn't help either.
Today it looks like the market recovers a bit... let's see if that trends continues.
My patience is being tested many times as I am directly involved in trading almost 2 years ago so I know how to handle this situation. If you are a new comer then you may think this is the right time but if you cope up with this without any strategy then your all efforts will be in vain.
I didn't do much change apart from investing in the long term. but on the one hand I started trying to take short-term profits through several Defi projects. I know this is more risky, but it is not a problem as long as it is not greedy and comes out after getting enough profit from the Defi project.
when patience is being tested,
what are you doing in this market, is your routine still the same as usual or change other options?
selling at a low price is the same as selling a loss, and that is not a good solution. if you are a market player, you will know how to survive or take advantage of the market in any condition.
what are you doing in this market, is your routine still the same as usual or change other options?
selling at a low price is the same as selling a loss, and that is not a good solution. if you are a market player, you will know how to survive or take advantage of the market in any condition.
Its only normal for Alternate Cryptocurrencies value to start at a low price since not all of them started strongly favored. That means that the Cryptocurrency have the opportunity to grow and improve their platform since we can see from different Cryptocurrencies that when they started out so high, the users are panic selling their Crypto's to gain that profit instantly since they are sure that the value will drop from there. So yeah, patience is really necessary if we want to gain profit.
when patience is being tested,
what are you doing in this market, is your routine still the same as usual or change other options?
selling at a low price is the same as selling a loss, and that is not a good solution. if you are a market player, you will know how to survive or take advantage of the market in any condition.
I am more of a longterm holder and i do not worry much about dips and corrections because i am quite sure that once longterm bulls will be here the market will grow unstoppably and the price of top coins will grow massively everyday, it is just that i will wait for such market and will take partial profit when the market will have gained to my liking and there i will take partial profits because i have been holding for very long so taking some profit is also due. what are you doing in this market, is your routine still the same as usual or change other options?
selling at a low price is the same as selling a loss, and that is not a good solution. if you are a market player, you will know how to survive or take advantage of the market in any condition.
If you are used to doing trades in a daily, hourly basis then you cannot refrain yourself from keep on checking on your profolio, the best you can do is switch you assets to stablecoins like USDT to prevent from excessive loss, then switch back to buying coins the the market get back ot bullish, in that way you would be able to get profitable gains.
When the market is bad, the best way is to look away for a moment maybe for a few weeks that's what I dobecause I don't depend on day trading for life
this is what I don't understand about people why they depend on trading? Trading is a side job and you must be ready to lose your assets so you don't have to stress seeing the market conditions
If you are used to doing trades in a daily, hourly basis then you cannot refrain yourself from keep on checking on your profolio, the best you can do is switch you assets to stablecoins like USDT to prevent from excessive loss, then switch back to buying coins the the market get back ot bullish, in that way you would be able to get profitable gains.
In these kind of situations I tend to ignore the price aspect of the market and avoid checking Delta app to save myself from any potential doom and gloom thoughts. Take a short break from crypto if you are a hodler, its for your own good, why torture yourself if you dont have to.
Nothing can be done without patience in working in the crypto market no one can say which way the crypto market will go when it is not stable therefore waiting patiently is the best way to achieve success. Because if you don't wait for the price of any currency to go up in the market you will not understand even after selling a lot of time the price goes up a lot you have to wait patiently to get the benefit.
I think everything in crypto business is a risky task, and patience is part of it. But speaking of selling right away even on a low price was not a loss because sometimes selling in a low price is a good decision that the price gets even lower and the worst part is the price would not come back to increase. So patience is very important and decision making.
when patience is being tested,
what are you doing in this market, is your routine still the same as usual or change other options?
selling at a low price is the same as selling a loss, and that is not a good solution. if you are a market player, you will know how to survive or take advantage of the market in any condition.
Exactly!what are you doing in this market, is your routine still the same as usual or change other options?
selling at a low price is the same as selling a loss, and that is not a good solution. if you are a market player, you will know how to survive or take advantage of the market in any condition.
You must have a lot of patience in this as you never know what will happen next either you loose or you win that really depends on your luck and even on your calculations and your attentiveness on the updates whatever you get so that you can act accordingly.
If by chance you are in loss and if further also the lose gonna increase so you must sell that at a lesser loss and not on a heavy loss than that.
Of course something is better than nothing.
i never panicked easily when i see the fallen price of my coins that i hold. especially on bitcoin. i bought it and hold it since january 2019 and sold it at last month. i have so much profit from my patience. no matter what altcoins do you have, most of their price will pump if bitcoim is pump too.
It's your great opportunity or indeed you have the patience in you to not worry about the price that will occur later. Everyone will never be able to have the same thoughts as you to stay relaxed in any matter. At the present time the price of Bitcoin is experiencing an increase in price.
the level of patience when an investment is made is important because I myself have not been able to do my best to control my emotions when investing. because it becomes important in addition to doing research on a coin, hoping in the future I can be wiser in holding
i never panicked easily when i see the fallen price of my coins that i hold. especially on bitcoin. i bought it and hold it since january 2019 and sold it at last month. i have so much profit from my patience. no matter what altcoins do you have, most of their price will pump if bitcoim is pump too.
The thing that should be owned by everyone should be like you, I agree that always have faith that what we invest will be profitable and need patience in determining when to sell and buy. bitcoin is currently still the best compared to altcoin for investment.in addition to patience also needed the right analysis to make an investment.
i never panicked easily when i see the fallen price of my coins that i hold. especially on bitcoin. i bought it and hold it since january 2019 and sold it at last month. i have so much profit from my patience. no matter what altcoins do you have, most of their price will pump if bitcoim is pump too.
but the fact that's not always like that. bitcoin and altcoin are just small correlation between themso, it makes both doesnt always similiar price movement. even in this time, both has lower correlation than last time
bitcoin can go up and altcoins do opposite, it make people who hold altcoin being tested their patience
it is better to sold altcoin and move in bitcoin now
i never panicked easily when i see the fallen price of my coins that i hold. especially on bitcoin. i bought it and hold it since january 2019 and sold it at last month. i have so much profit from my patience. no matter what altcoins do you have, most of their price will pump if bitcoim is pump too.
but the fact that's not always like that. bitcoin and altcoin are just small correlation between themso, it makes both doesnt always similiar price movement. even in this time, both has lower correlation than last time
bitcoin can go up and altcoins do opposite, it make people who hold altcoin being tested their patience
it is better to sold altcoin and move in bitcoin now
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