your patience is being tested - page 3.

tambok

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Quote from: TheICE007 on November 03, 2019, 12:44:06 PM

At this moment selling now might result to loss as most coins bought earlier has gone down in price, so my advice is that, coins bought earlier should be held, because selling now will amount to loss, so this is the best time to hold and wait for it to get to your buying price or above., but one thing we have to do is always buying good coin ,with that even in dip, you will worry less.

That would be your greatest regret if you sell your coins/tokens now. Let's take it easy as there's a lot of investors out there just waiting for the good news before they will reinvest or invest. Patience is always a key to success but still it depends on which coin you are currently holding at. If your holdings team already run away then don't hope anymore and make it as a lesson from you, no need to wait and just move on, they will not come back anymore.

TheICE007

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At this moment selling now might result to loss as most coins bought earlier has gone down in price, so my advice is that, coins bought earlier should be held, because selling now will amount to loss, so this is the best time to hold and wait for it to get to your buying price or above., but one thing we have to do is always buying good coin ,with that even in dip, you will worry less.

CjMapope

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Quote from: Kecipir on August 10, 2019, 01:15:09 PM

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.

Another noob telling us to "hodl strong" I think most people that trade know what a "weak hand" is at this point. Most of us got that lesson with our first dip into trading our early BTC haha.
The OP is another newbie that didn't even survive as long as his thread here, he hasent been online in 30+ days Tongue

Meanwhile those experienced traders, we just step over the body and keep on keeping on....
RIP

Gotumoot

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If you are a true trader you know how to deal with this situation in the market.

But I'm not very good at trading ..

But what I do is buy at the lowest price of the coin I hold. This way I can recover my losses and still make a profit in case the price goes up. Selling it while you are in the middle of losing is not a good idea. Because you will only lose more in case the price goes up.

doomistake

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Quote from: akmal1984 on November 03, 2019, 01:16:47 AM

If indeed I really need money, then I will go into the market and sell it immediately no matter whether the price of the coin is rising or falling. But if my financial condition is good, then I will hold back until the price is a little more expensive. This is indeed not easy because they have to fight the fear of whether prices will fall further.

Likewise.

I've never hesitate to withdraw some of my bitcoin and altcoin whenever I need fiat, it's better than to go out to your room and rob someone for you to have something to feed yourself or your family (that's gross). We are working 'till 4 AM (sometimes) to have the financial support we need in our daily lives, we don't need to starve ourselves out just because you are thinking about your profits you could make in the long run, believe me, you should worry more about your health.

You can't take your money with you in your grave.

Serco

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Quote from: Davian144 on November 03, 2019, 07:40:56 AM

Quote from: Bitbtc8 on November 03, 2019, 06:39:08 AM

Apart from trading i don't see any good firm of making money in crypto now, every single coins you invested in are not giving good return now and you might have to hold longer, if you decide to take out your money you are already in loss so you will be forced to hold your coins

Holding a coin for a long time also will not guarantee to be able to get a good profit, because everything we invest through coins today, is very dependent on good market conditions, because if the market conditions do not improve, it will also be difficult to get profits.

yep,holding will not always give us profits if market condition still the same with previous.its only applies if market could growth smoothly and day by day all crypto price improve.and vice versa if price keep down we should not hold,maybe day trading will give us profits and we could avoid floating minus for long time.its saver than just hold and hold but we didnt update newest condition in market,what actually happen.so we could decided ,will we hold or sell it.

LouVandetta

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We've been tested long enough, our patience has its own limit. But we can't do anything except waiting for the very right moment.

Well, I've been doing day trading with some alts. And the alts in my bag that have been dropped too much, either I hodl it or I've cut loss them.

wedosgibas

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here we go

I continue to look for strategies to trade if I lose an investment, or prices go down. There are many good and clever ways in cryptocurrency to stay up if we get a loss.

DU18

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Quote from: judeafante on November 03, 2019, 07:46:19 AM

If you know how the market performs and you study the market since the beginning you will find out that patience is the key to making a profit, we have a very long bear market, and just moving out to be a better market condition so if happens to sold all your shares in the bear market, you'll definitely be going to regret it, our patience is indeed being tested and it's up to you how you can bear the market.

Patience is one of the key factors for crypto traders to succeed, traders must be patient not only when waiting for the opportunity to open a position, but also after your position has been floating, now these are usually novice traders who often panic and are impatient so that most novice traders will rush entering the market without actually doing a thorough analysis of the opportunities for price movements.
And a professional trader will be patience waiting for prices to meet the conditions of their trading strategy, before placing an order.

bitzizzix

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Quote from: Kecipir on August 10, 2019, 01:15:09 PM

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.

Engaging in cryptocurrency must have strong patience and be mentally prepared when the market goes down, and maybe if we experience it the first time it will definitely feel stressed or panicked, but it will be a valuable lesson when a situation like this happens again.
my experience is letting the market move as it is, and I have to realize that cryptocurrency is very volatile and if I have capital maybe I will make a purchase and if I don't have capital, holding back is the last resort and I will wait patiently until the market goes up again.

judeafante

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Quote from: Kecipir on August 10, 2019, 01:15:09 PM

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.

If you know how the market performs and you study the market since the beginning you will find out that patience is the key to making a profit, we have a very long bear market, and just moving out to be a better market condition so if happens to sold all your shares in the bear market, you'll definitely be going to regret it, our patience is indeed being tested and it's up to you how you can bear the market.

Davian144

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Quote from: Bitbtc8 on November 03, 2019, 06:39:08 AM

Apart from trading i don't see any good firm of making money in crypto now, every single coins you invested in are not giving good return now and you might have to hold longer, if you decide to take out your money you are already in loss so you will be forced to hold your coins

Holding a coin for a long time also will not guarantee to be able to get a good profit, because everything we invest through coins today, is very dependent on good market conditions, because if the market conditions do not improve, it will also be difficult to get profits.

Brunus

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Everything that has to do with the crypto appears very frustrating, because the usual financial techniques do not apply, and the technical and fundamental analysis are practically useless: I do not know how to justify the last jumps in a rational way, they are only the result of mysterious speculations.
However, this is what makes it fun, so there's no point complaining.

Bitbtc8

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Apart from trading i don't see any good firm of making money in crypto now, every single coins you invested in are not giving good return now and you might have to hold longer, if you decide to take out your money you are already in loss so you will be forced to hold your coins

secretgirl

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Quote from: Kecipir on August 10, 2019, 01:15:09 PM

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.

yes, as a good crypto investor we must be able to utilize the situation of the crypto market well. of course we must have patience, not greed and good financial arrangements. when the bear market happens and I have money I will buy but if there is no money I choose to hold on and wait for the market to pump again. the crypto market is very volatile so we must be good at looking for every opportunity. and most importantly investing in cryptocurrency does require patience and we must also learn before deciding to invest.

ajiz138

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When the state of the market is testing me, here is the importance of the mental state, because an unstable market will test mentally. Trading is not just a matter of profit and loss, but the need for a mental state that is ready to face it all. A good solution so that all goes according to plan is to determine what type of trading you want to use, namely Short term, Mid term or Long term. The longer we hold our assets, the more we play mentally. Stay away from cut-loss that will waste our money. It's better to be patient until our target is reached, and don't forget, we must have a reserve fund for emergencies.

zeze18

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Quote from: ?? on ??

Quote from: akmal1984 on November 03, 2019, 01:16:47 AM

If indeed I really need money, then I will go into the market and sell it immediately no matter whether the price of the coin is rising or falling. But if my financial condition is good, then I will hold back until the price is a little more expensive. This is indeed not easy because they have to fight the fear of whether prices will fall further.

In my opinion, your financial management is quite bad because you do not know how much income and allocation for investment. don't force yourself to invest. later we will not actually get profits but losses. when the market goes down and you need money and then sell it? I don't think it is optimal and you have to learn again about investing

Before invest on something, we have to estimate how much our income, even if we're not an employee or the one who have salary. Just estimate it from our income before.
And before investing in crypto we have to really know what we coin we will investing because investing in crypto is high risk. And also make sure we just invest money that we can afford to lose.

sirminesalot

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Quote from: akmal1984 on November 03, 2019, 01:16:47 AM

If indeed I really need money, then I will go into the market and sell it immediately no matter whether the price of the coin is rising or falling. But if my financial condition is good, then I will hold back until the price is a little more expensive. This is indeed not easy because they have to fight the fear of whether prices will fall further.

Very good advice because as investors must be clever in reading and taking advantage of every opportunity we will get and before investing in crypto currencies of course investors must understand and understand with all the risks that will be obtained and with these risks of course investors must have confidence and patience that big enough to invest

Google+

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Quote from: akmal1984 on November 03, 2019, 01:16:47 AM

If indeed I really need money, then I will go into the market and sell it immediately no matter whether the price of the coin is rising or falling. But if my financial condition is good, then I will hold back until the price is a little more expensive. This is indeed not easy because they have to fight the fear of whether prices will fall further.

I think the trading method that you do is very terrible because when you are trading you should have already distributed money for trading and for your finances, if you need money then you can find a job that can give you extra income because if you are in need of money and the price of coins in the market is falling then it's only a loss that you get, so my advice save your cryptocurrency assets as best as possible for your future.

Free1bitco.in

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Quote from: Rodeo02 on October 29, 2019, 01:57:02 AM

Quote from: tambok on October 29, 2019, 12:40:33 AM

It's okay, let us just take it as a lesson learned, I have been depressed too, I earned $20k from a token I am holding but thinking it will be $100k then it dumped and never returned, so the price now is only $2k, this was the biggest lesson in my life, I have move on so far and told myself not to expect much of it.

I am very sad to your story you should sell it at 20k$ or at least half of it and you can hold the other half . If you just get it free don't expect to much and increase the price base on your expectation not all the time will be in favor to you.

things like this seem to have happened from 2017 until now. I think I understand what you think. when we see prices continue to rise, we will think that they will last forever. I also thought the same thing and held altcoin in my wallet. however, when prices began to decline, I felt that it was my mistake. because of that, until now, I didn't want to miss an opportunity when I could take advantage of the altcoin or crypto.

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