Bitcoin Forum

Now there are three questions in America. 1. The sluggish economy 2. High inflation 3. The outbreak of the epidemic.
Dow plunges nearly 900 points on July 19 2021.Bitcoin drops back below $30,000 yesterday.
All are disappointing signs. Many investors plan to sell Bitcoin.Most people lose patienceIn for cryptocurrency.
But In long-term trading, in addition to knowledge, patience is more important than any other factor.How do u think of it?

Of course, in every investments, you need to have patience, heck I have stocks that I've been holding for the last 20 years and still doing good after that.

I just hope that I've been in bitcoin for the early part so that I can fill my bags and I could be one of crypto millionaires too. So yes, knowledge + patience is the key to be successful in crypto. Just look at the early bagholders, they are living life to the fullest now and still have their investments growing like every 4 years.

We cannot stop them from selling their shares it's an open market and there are many weak hands in this market, they are trading their Bitcoin to USDT to safeguard their money or converting their coins to fiat, but once the market gets up again, this is the same people that will be in a hurry to buy back their shares, things will get better there are still whales that wants to move the market forward.

Patience is one key element for every crypto investors, and then we have emotions as well. We need to fight back and not panic if we ever see our portfolio going down -50% or more, specially in the last two months.

That's why many have been preaching the crypto investments is not for the faint of heart. and we should look for our investments in long term, stick to that plan and have the patience in order to win in this game.

And yet many people do not follow the golden teaching of only investing what they can afford to lose, they invest when the market is going great, but retreat when they see the price is dipping, but I still believe we have investors and supporters of Cryptocurrency who are here to stabilize the market and helping it to reach the goal, weak hands should just trust the process.

Where did you get those details ? "Many Investors Planning to sell bitcoin"? just because you have mentioned those 3 cases above?
If investors wanted to sell their bitcoins(Things that i believe happend already that's why the price drops below 30,000) then they will do it instantly without any other thoughts.
the reason why the price still holding high? because only few had decided and majority still keeps trusting and those are the people that Knows what they are doing .

In long term i do believe bitcoin will even rich a new milestone which maybe 100k or 150k, patience is the key here and most of people in crypto dont have it , when the price going up  they just regret their decisions to sell at this price. People also oftenly jump into hype and mania and when the market in bear or correction phase it makes them afraid and sell all their asset and dont even think to buy more. As a good investors we should see correction and bear market as an opportunity to buy coins instead feeling fear that would turn out bad for your investment.

You are right; we need to be patient with the current cryptocurrency market because so many factors have contributed to the general market crash, the Central economic sector is also suffering from the same economic meltdown that has led to the declining trend in the entire forex and stock exchange market.

So the only wise thing to do is to be patient and hold on for a while for the market to recover if not if one rushes to sell-off. It may lead to loss of funds in the long run.

IMO if it's a common thing to see when people were losing their patience due to the bad sign that happened with not only the US condition but with stock and crypto.
This is also happening in the past when bitcoin faced a big bearish trend in early 2018. I think that the same pattern is just repeating again dude. This time we have faced a very big bullrun that was happening with bitcoin and the reverse trend will always happen. That's why people were selling some of their bitcoin.

After a long surge that happened in the crypto and did you feel bad for those were feeling panic? I just see that as a common thing. The speculation market will always up and down. Stock has almost the same pattern like the crypto and this is also getting affected by the economic condition of US. When so many people were talking about inflation and that will also bring so many bad and good impact about the future of US.
This is also affecting the stock and crypto market. That's a domino effect

In crypto the most important thing to do is make research, buy the good fundamentals coins and be super patient when you hold because anything can happen once development pickup for the coin or when market goes into a hyper state

For those that want to know, this is not something that needs to be discussed as long as you have been in the cryptocurrency space for some time. Investors already know this, that no matter how dip Bitcoin drops, it will and has always recover even if it will take some years hence, patience has always been the "WORD" for those that understand. Except for the few lucky ones that invested at the right time on the right project, thinking that your investment even in Bitcoin will make you profits immediately should be dropped instead, long-term investment should be the aim.

That is right patience is a virtue of making profit you cannot earn this things if you don't have a strategic plan for your investment. In the situation were the market that is really hard to speculate. Their are coins that is good for a short, medium and a long term trading for them to earned.

Well many investors are indeed impatient because many of them don't have the idea of long-term investment and they try to correlate and relate crypto with stock market then they'll whine that whales took their opportunity to buy more and cheaper.
Also for Bitcoin, don't be surprised about it no more. It's not like that is the first time that we had ATL.

When it comes to long-term investing, I think what you mentioned, I agree. Need more patience if you want to achieve the desire. Given the current market conditions, in addition to patience, it would be even better if you add a lot of knowledge about the development of the investment world.

Now in a bear market, I can  patience to buy coins, do some bounty tasks, or buy some low-priced coins, when the market returns to the bull market, I believe everyone will have unexpected surprises, but this may be a long time.

If I follow and understand what you mean, long-term investments are not guaranteed and short-term investments can be profitable. If you follow the market developments from the past few years, make long-term investments, only Bitcoin will benefit friends.

I agree with you. The development of the market some time ago, only people who bought BTC at that time were profitable. There is also another, namely ETH. However, long-term investing is not always profitable and suffers losses.

Well, in that case if any of the community here in cryptocurrency are impatience no wonder why they are too frustrated about what is happening now in the price of Bitcoin in the market. But it is true that for the long term holders this thing certainly doesn't matter for them, instead they are positively for it at all time or most likely.

I totally agree with you, that patience is the main point in dealing with crypto because we know that crypto is very unstable and can always change quickly. If we do not have very high patience, we will be affected by things that may not be in accordance with what we want.
everything is clear that it will change and we can do it because we are always learning so that experience can reduce the bad effects that we might experience.

currently bitcoin is in a position of experiencing a very deep correction so that the price fell almost to -50% from its last ATH, but all are still very optimistic that bitcoin will be able to bounce back by the end of the year. And it will also impact all altcoins, so be prepared to invest, if you haven't already.

If the current condition of the Bitcoin price in the market is willing to sell, won't it be a loss?
I don't think this is a good time to sell BTC. If America is currently experiencing a sluggish economy due to the current disease outbreak, I am sure American investors will find a solution.

As a crypto investors who already experienced a big drop back in 2018, i have stronger mentality to hold right now, because we're sure in 10 years the value of cryptocurrencies we hold is gonna gain a big return, just to make sure we hold strong fundamental coins. So for me it's okay to experienced a market crash once more, i've survived it before. Let's buy more for a brighter future

It is the custom of investors whenever they see some fluctuations in the market they tend to panic and rush to sold their BTC before it's too late. Only those people who are persistent in seeking to get some huge income are still holding right now because they can afford to lose it anyway. Different stories from those who can't afford to lose their capitals. that's why we see some red market nowadays. The fact is, there are many people who actually thought that they will earn a decent amount of income when they invested late in the downfall of the greatest bull run. They're are now doubting about it and starting to lose patience.

but not a few are still hodl. they still believe that hold is the right choice. those who can't wait are new people buying because of FOMO. for those who are experienced and feel the situation from bull to bear and back to bull again, definitely prefer to hold or buy more whatever the situation.

I have always supported cryptocurrency, I do not think this is the end of cryptocurrency, although the 3 points you mentioned it . because bitcoin has proven from year to year can grow well. What's happening right now in my opinion is that some whales want to lower the price of bitcoin, causing a lot of people to panic, and will soon return when some people are already desperate for cryptocurrency.

But it is also difficult to determine what long-term means in crypto. I think that the market has defined a whole new scale for what is short-term and what is long-term. When you invest in companies it takes ages to see magnificent results. If a company doubles its market value in a year that is a remarkable result. If Bitcoin "only" doubles its price in a year, it was a bad year for crypto. I find it difficult to even define what a realistic long-term vision for an investment in cryptocurrency could look like. It is just different than the markets we are usually used to. The expectations are outrageous compared to other markets, but kind of normal in this market.

Before investing, we must also know that every investment has its own risks. The risk of investing in crypto is the ups and downs of the crypto market which can cause losses if we are not patient. But we also don't know when exactly the crypto market will rise again and stabilize, and that makes a lot of people impatient. Some people have more patience and some people feel impatient and things get messy. It's not an easy thing to face the crypto market because it really takes patience and high intuition in it. Therefore, many investors are successful but there are also investors who lose. It all depends on our effort in facing the challenges that exist in the crypto world.

yes that's the most important when it comes investing or trading with crypto currency, because it really need a lot of efforts and time if you want to become successful, wherein it's not because you put your money in it you can take it out anytime you want, nope that's not how it works because market always experience a bad situation and sometimes the entire crypto currency were struggling aswell.. That why it require patience because if you don't have that you are loser and there's no way you can regain all your loss in it if you make a mistake decision.

It happens every time whenever the market goes down some people lose their patience and ends up their investment with loss they don't try to understand that nobody can make profit in crypto space without patience that's the simple point they must have to understand especially those new people who thinks that they can become rich overnight which is impossible imo.

Don't say too much just because you don't have the patience yourself.
From what data do you say many people want to sell their bitcoins? I'm sure it's just your assumption.
look at what is happening in the market, when a correction occurs and then grows again, you should be able to see there is strength in this market. crypto has always grown this way. if you don't have enough guts, you better shut up and just watch.

I believe it is everyone's natural behavior to lose some of the value of their investment.
but I believe it only applies to people who are new to crypto. while those who already know and understand the crypto market, will not panic. they know when to let go of assets and when to reenter. not necessarily every dump, a lot of people will give up their bitcoins. bitcoin has more value just for profit and loss. some people understand how bitcoin is for the future.

Patience is really important in cryptocurrencies, because mentality is being tested when the market is down like it is today. many novice investors lose their money and lose because they lose their patience. For myself, I'm still learning to control my emotions and always think optimistically about the market conditions that will rise. rather than selling coins at cheap prices it is better to hold because time and the market is constantly changing.

Patience is the most important factor in cryptocurrency. Yesterday, the price of Bitcoin fell below 30k, but today it is 32.5k in just one day.  Those who are less impatient sold their bitcoins yesterday. As a result, today they have nothing to do but regret.

So many times the long term hodler have been winning the game. The patience that owned by anyone can't be counted even with themselves. it caused by the patience will be following the trend. Sometime when the trend goes even worst than before and it creates fear that will be making people lose their patience and it was making them all to sold or cutloss their investment.
I can't count my patience because i was deciding what should i do based on the trend.

Bitcoin has repeatedly achieve possibilities that others doubt. when it goes viral and everyone buys bitcoin and the market conditions don't match their expectations, they eventually attack bitcoin and doubt bitcoin. they must know bitcoin is not the way they get instant money by only holding a few days, weeks or months. if you really believe bitcoin just hold for a very long time. So far, the winner is always the holder.

I think the time for a sluggish country's economy will surely come to recover or stabilize again. Even high inflation will be normal as usual. Then the problem of the spread of disease outbreaks, in fact it is not only America that has an impact, but almost all countries also feel the effects.
Patience will pay off sweetly in time if you are able to be patient. Because every activity will surely encounter problems and obstacles in it, but if you are able to be patient you will enjoy satisfactory results with cryptocurrency
Hopefully cryptocurrency can increase again.

And today bitcoin is trading at $ 31-32 thousand, you should not give in to panic and you need to be patient, because bitcoin has not been through such difficulties, I am sure the one who has nerves of steel will win and will just wait ... ::)

That's right, there's no need to panic because of this, because Bitcoin can still exceed the current price in the future, although the opposite can also happen in the future, but for those who have already bought at a high price, then I think they still panic until now.

Patience is virtue and for one to practice that, you need to be emotionally discipline, one must close eye to every mini pump.
Though, it's really annoying when you see your portfolio decreasing and not following your expectations. I can't even imagine seeing my Portfolio at btc $60, and refuse to sell and then wake up one day to see everything has plummet is painful and challenging.
If you are believer, hold till we reach mainstream, I think bitcoin will be scares by then.

What I believe is that history always teaches us properly, but we don't actually get it. The Cryptocurrency market will make bullrun again in 2-3 months. So we should wait patiently until the next bullrun. I'm praying to get another payment in a few weeks, so that I can invest in my favorite coins.

There's no point in investing if we can't be patient l enough because if we will be totally affected whenever dumps bound to happen and resort into panic selling, then we will get losses in the end.

I chose to hodl my investments whatever it takes. But if i see no profits still in a long term, then that's the time i will think of other alternatives to make my crypto investments work.

Patience is the key to successful investment in cryptocurrency, waiting for the right moments will make it easier to get profits, it only takes time to see prices go up and requires a strong mentality to be able to hold on longer to be able to produce big profits later, many things can increase or decrease if they go down, more It's good to hold for several years in order to get the maximum profit, that's the right choice.

Agreed.Patience and emotions ,long term plan.That's the most important factor.

Just try to think the golden rule. Never sale at lost unless there is an emergency, there is no need to worry in crypto of having fear that will disapper someday because there is a possibility that the worlds future of money is crypto currency, all we have to do is learn how to coup its volatility and patience in holding is a must.

You are absolutely right, I think that strong holders will be definitely rewarded after a long wait. We just should believe in this market, see potential for growth and a promising future, and I am sure we will benefit. On the other hand, it is better not to hold all assets in the crypto, but diversify between different assets. Or at least choose different projects on this market!

There are just those lucky ones that don't mind hodling for long even during the pandemic. You know, the privileged ones.
Actually depending on Bitcoin to save one from pandemic's economic effect isn't gonna help. Online jobs should be the one they are looking for not a risky ones like these.

I think the pandemic has been cashing in on crypto investments for survival purposes, they have tried to do their best to provide for primary needs and if one day when the economy recovers then very sure they will re-inject funds into crypto.

It is clear that patience is essential in all aspects of life, in the cryptocurrency market the majority of wins are for those with knowledge and patience.
The majority of impatient people get caught up in FOMO and lose money.

We need to have patience when we invest in crypto because we can not expect the crypto price will always increase. The crypto price will always fluctuate and we do not know when it will up or down but we can analyze where the market will move. At this moment, we really need to have more patient because the price is not unpredictable. Patience will reward us in the future so we need to control ourselves and not panic if there is a news release.

There are lots of events and bad situations that could affect the price of Bitcoin but only those who fully trust and know everything about it would have the courage and patience to wait for the right time to sell. Holding is necessary especially when the price drops because of investors' fear. We've seen how it worked and moved for years so we shouldn't feel afraid if ever the same thing happens.

for those investors who have long seen how bitcoin and the crypto market work. of course, they will not feel panic or worry about a dump. with the right assets, the confidence to return to planning for profits will definitely be achieved. everything I think just depends on our psychology in dealing with what is happening in the market.

Patient is really important in holding and the sole feature of a good investor, the ability to wait and observe the nature of things before acting. Bitcoin movement had showed me how to be patient if truely one want to make long lasting money in cryptocurrency without having to regret. Just imagine after selling your coin, the market took off and went higher than your expectations. This could call for regret!

They sell their Bitcoin and lose patience with cryptocurrencies. So, where would they put their money? In bank? Where or what could be the best option  now to invest it? I know it's not gambling too.
I think this only has something to do with the climb of number of altcoins out there. The money is being diversified and it's not a bad thing in my opinion.
Everyone has their own choice where they want to put their money in or even risk it for a better expectation in the future or short-term.
But, I doubt that money is gone in the crypto industry. It's still there, we just can't point out where exactly.

That's right, Some big investors that we usually call whales already have long term plans of about 5 to 10 years in the future when they invest in Bitcoin and other new altcoins, I saw some Holders with large amounts of bitcoins and they still keep them until now, planing and patience is an important factor and don't be easily hit by FUD, when an investor panics seeing the current situation, they will sell it, it's better to trade and take a little profit than selling everything for fear of losing

That's right, if someone wants to hold for a long time then he doesn't need to care about the price of that coin on a daily basis.
He only needs to pay attention to the time at which he intends to sell or the price at which he wants to sell.

I don't think it is that much diversified anymore. The newcomers might throw their money at unknown (scam) projects, yes, but as soon as these projects seem to fail most of that money goes back into the bigger cryptocurrencies. I haven't looked it up now, but the vast majority of capital in the crypto market belongs to the first 20 or so cryptocurrencies anyway.

From the case you mentioned happened in America, then I thought differently. It is precisely when the economy is sluggish, inflation occurs, and disease outbreaks spread, for me it can increase the price of Bitcoin again. My reasoning is that when the velocity of money has decreased, then another option is that people will trade in crypto. It could be a solution.

When things are good nobody complain about things are going too smoothly and they can no longer take it, but immediately things are a bit rough around the edges, complains are what you see on a daily basis, nobody said life will be smooth as butter all through, pandemic only started 2019 but before that time many people live a healthy life and has the freedom to do whatever they want without fear or restrictions, even then many did not appreciate their good health and freedom, now things have change but that don't mean it will remain this way, better days will surely come around again if we are patience enough.
We don't appreciate what we have until we lose it.

You are right and this also reminds me of the weird rebound the markets did in the beginning of the pandemic you remember that?I think it was April or May 2020 when the pandemic fully hit us all, but out of a sudden the markets did one record after another even though it was unclear whether we would have vaccines or not. All those social actions are obviously irrational. There was no reasonable explanation for the markets to cover. I think humanity is too much infiltrated with greed and as soon as there are bumps in the road everyone freaks out.

Patience is the key to success in any business, and even where it concerns cryptocurrency, even more so. Long-term investments require tremendous patience, which ultimately brings moral and financial satisfaction. In short-term trading, this is not the case.

If you fall short of patience, expect it already that you will end up in regret if ever things went well for that stuffed you are planning to wait on for. It is quite a good question, are you patient enough to count from 1 to 100 because even though it is senseless, easy and just a small act, you can already see if a person has enough patience to endure hardships and boredom while waiting for their target. Those who you see successful nowadays are those people who went through a lot yet they were able to wait patiently because they know that in the end, it will all be worth it.

Patience, knowledge/skill and little bit of luck are the things that you have to consider if you want to winning something not just on investment, but any other aspects in this world such as real life job etc.
Patience is great, but without knowledge and then what stuff are you waiting for? Just imagine you are waiting for shit projects just because you are patience that those projects would be "worth" it later.

All of the instruments matter and it should connect each other.

don't think wrong. usually, the people on the forums also make short to medium-term investments. not just long-term.
I guess it's not just for crypto assets. because every investor always has a different plan and analysis of the assets they have.
Some assets in the market are also good for the short term and some are focused on the long term. such as assets with fast trading and movement in the market would certainly be better for short-term investment and don't follow the market hype.

It's just a plan, isn't it, I think everyone must have patience when investing, because with patience investing in the long term will get the maximum profit. only weak people panic when they see the value of btc drop significantly I'm sure after the storm there will be a rainbow

Panic is actually the nature of everyone. Everyone's ability to control panic is also different.
some are really patient waiting for the momentum to sell to come like the plan he made.
but some quickly sell out when they see pumps on the market.
patience and wisdom in determining the right momentum to sell or buy can only be trained with experience. The more I try to trade and invest in the market, I'm sure that ability will grow by itself.

Investing and trading requires patience to maximize risk management, trading activity is not only in a short period but also day by day waiting for the moment when the coin/token increases according to the selling target. We have different market analysis knowledge with novice players and old players, tend to only old players have 80% patience level in any market conditions.

Panic is a human thing if you see a bloody market, let alone weeks or even years
in investing and trading requires patience and perseverance because the risks faced are very heavy, if beyond prediction,

This is applicable for all kind of investment. Not just investment, in every aspect of life. You need to be patient. There is no alternative. You invested, you have to wait. Only those who lose patience and sell are the ones losing money. To be honest, we can't blame them too. They have been hearing about "how people got rich overnight" investing in crypto currencies. They want that same thing to happen to them. Little do they know that they invested in shitcoins and just got lucky, while thousands of others lost everything.

I don't even understand you are suggesting to increase the investment value but you often regret the actions in the trading market, the first thing you have to equip the knowledge to practice patience to face the market, the second thing to buy when the market opportunities fall because your typical can not be patient.

Pandemic with delta virus getting stronger things looks more worst now to an extent if cannot be controlled. This means there would be more falls in future and that may be some time to buy the stocks and crypto again at lower value. I am expecting some fall to happen in coming month unless things gets better with virus.

since i am not good in trading i do a long term hold strategy with all my altcoins hoping to be able to earn something in the end, so let's say that my patience is at 90% but i am training to bring it to at least 99%

Those latter signs are not real. Only those few that are in panic got to say that they are planning to sell bitcoin. It's not everyone that desires to sell bitcoin because they're not satisfied with the price that it currently have. What we have to wait is the recovery of it because it's for sure. And no matter how low it can go, there will still be buyers that are awaiting for it to dip. I think that if you are a certified long term holder, you just don't think negatively so even the market isn't so good in your eyes, you won't be forced to sell.

Of course, patience is the main thing in carrying out long-term investments. We cannot jump into a future where Btc prices have soared. Many people regret today because they have known bitcoin for a long time but didn't buy it at that time.

Some people will surely panicking when bitcoin price drops those people are the one's thats new to cryptocurrencies, but for those who believes its only normal for a crypto to go down in value they have no intentions in selling their assets. In the world of digital assets patience is the mlst important thing that investors and hodlers must have and a positive mind towards investments.

For the time being for me, I prefer to be patient until the situation improves so that the crypto market also improves, thus I am more focused on the bounty project for a while rather than investing, if possible what we have invested, don't bother with it first, let it sit while we monitor the price the right one, so who knows there will be fortune from the results of the bounty project while being patient in dealing with situations like this

I believe the crypto space is slowly getting into bullish mode hence you may assume that the situation is slowly improving toward a new heights of all the times. I appreciate your decision of focusing into bounty programs by leaving off investing your hard earned funds. Even the current times are good for both short and long term investing, if you get into right bounty programs for regular income stream then I guess you will be at right path to secure your future financially.

I guess the scenarios what OP has mentioned is slowing improving (at least in crypto space) hence the tests for our patience might have got over hence we may plan up for more investments in crypto space which can be new investments or bounty hunting to save more.

This is a very natural thing to happen, especially with regard to the world of crypto or digital money, something that happens cannot be separated from the influence of the economy, inflation and unstable country conditions in the face of the current disease outbreak.

That's why science, patience is very important to be applied in the investment world, something that begins or ends without knowledge will have fatal consequences and will have big consequences, plus the condition of patience cannot be controlled by common sense, it is almost certain that the investment made will fail and lose.

The slow economy is not peculiar to America,  it is a worldwide phenomenon.  Covid-19 have done more damage to world's economy,  and this is why Cryptocurrency is very important at this moment  and might help a lots of people out there.  Governments all over the world will be printing more money to curb inflation but Cryptocurrency can not be magically printed!

of course i have patience of counting 1 to 100 because that was only easy .
 if you have short term goals in bitcoin thats also gonna be easy because you wont wait like forever or until bitcoin reaches unrealistic price that hast been touched before.
 the problems that you wrote shouldnt be an issue to loose hope in btc and sell it but thats going to be a reason why you will involved more in btc because btc can solve most of those issues .

"Patience is really more important than any other factor" and I agree with you. This thing called holding, comes with immense amount of patience, of which it has made many people sell their coins at a very wonderful price, at the same time those who are quick to sell ends up regretting at the end. It is true that Bitcoin dropped badly few months ago, but what is the price today, the price today shows the reason why patience and holding should work hand in hand. Nevertheless, before thinking of being patient with a coin, you will need to understand if the coin is worth holding, because in as much as holding is good, it doesn't work in all cases, there coins or tokens which are not worth it, thus knowing when to sell is very important than being patient.
Therefore in all ramifications, for anyone who want to invest in this space, starting with holding good coins is the first step, then apply patience or be patient with it.

I also think that patience is one of the most important factors when you invest into a sector that is still in it's very early stages and i think the whole cryptospace is still in that stage if you compare it to other financial sectors or products. The real adoption of crypto products is still only starting and i think that, if no major unforeseen upsets are happening, that the whole crypto market will have a way higher marketcap as it has right now or as it had back in the beginning of may this year. I would also rate myself as a very patient guy in terms of my investments. I know that this is not always the best because if you look at the market movements in the last years i could probably have 10x more IOTA now for example if i had sold and bought them again at the right moments, but knowing myself i would probably have less than i have now.  :)

In every investment that you will make, there are 2 ingredients that you must have if you want to become a successful investor and gain some profit. Patience and Discipline.

Lets say a trader is very knowledgeable and he knows everything, it will be kinda useless if he can't wait enough in his trades and there might be a chance that he will end up losing his money. Patience is very important especially into crypto because just seeing the history of Bitcoin, if you just bought in 2018 at its lows of near $2,000-$3,000 and hold it until this year or you sold it at the peak then you've earned at least x20 with your initial investment and at least x10 if you are still holding it now. That just shows the power of holding and being patient.

We've seen many people losing their money and its because they can't wait too much for some reasons. Some of them are panicking when they see their losses at double digits so they will lose it at a loss. They can't take losses, they are impatient that is why they are losing money.

Yes, mate patience is necessary for the long term. Now BTC is at 46K$. If anybody has not sold in panic then now he/she may be in profit. I have got good profit due to patience, I bought CTSI at 0.47$ but I came down to 0.39$ I think now it will not increase but my heart said me to keep patience and wait. So I waited and now it has hit 1.2$ almost 2.5x from my buying. Now I have learned the lasson that patience is a big thing, without it we can't get good profit.

Cryptocurrencies can indeed make us nervous because the price is always fluctuating up and down quickly like a roller coaster. Of course we have to be patient to face the fact that when the bitcoin price downward trend occurs. Even so, this does not necessarily make us feel panicked and rashly releases all of our assets. We must remain calm in a situation that is arguably not as pleasant as it is today.

Mentally you have to be prepared, most important thing is that the accumulation continues to make a profit even though isn't too much but consistent then the results will be big

Of course patience is important when it comes cryptocurrency because if you have patience you will gain profit for sure in the future especially if you hold crypto for long term. Those people who give up, not patiently to hold their crypto then they are not deserve to get profit from it, only to those people who have patience will get the reward.

People forget about accumulation because with every purchase and little that they do.

They think that it's nothing compare to what those investors that have bought a lot and did it a few times. I agree as long as there's consistency, that's the most important matter if you're patient in this market.

And you have the plan of going long.

Having a positive mentality will give you good space to find time to think.

Decisioning without thinking will only lead you to lose your money, and besides, better to study and learn first before taking your step in this kind of business, Most of those who keep losing are people who don't have the patience and knowledge with what they are doing. It's a must make sure that you are doing your job researching and studying the flow and you can assess what's the right thing to do next.

Patience is the key to trade cryptocurrency. Those who sell their Bitcoin below $30k now understand how important patience is. Those who do not have patience are panic to see a small price drop in the crypto market and they sell their coins and start regretting.  Knowledge is another important factor. Because you need to know how long to hold a coin.

Those people that have been accumulating, they have studied well about the market and the coin that they're accumulating.

As a perfect example of bitcoin, everyone knows that it's the best cryptocurrency that we have in the market and it's going to last and that's for sure. Anyone that has studied and learned from the past about bitcoin reaching new all time highs, knows the importance of accumulation.

Despite there are some dips, those pumps are still greater than those.

Hodl is a good choice if you hold coins that have a market cap of over $1 billion.
Currently, many countries are experiencing a recession but are still patient in dealing with the situation when the COVID-19 outbreak has not ended because it can disrupt the economic system.
For now, patience will be an option when the market situation is down trending, you can look at the Bitcoin chart for the 200 MA then the price will return and will always reach a new ATH when Bitcoin has done the Bitcoin Halving

When you invest and save money patience is the most important thing that you need. You should always keep in mind that only time will give you profit, so just buy mainstream currencies and hold them. Also it is a good strategy to average a price. It means that if you bought Ethereum in 3000$ and then it drops to 2000$ you can buy more and your average price will be between these two levels.

good analogy where the average price drops when we buy back. that way we have to prepare a strategy not to spend capital to buy at one price, but we can break it down into 2 or 3 buying stages, and after that we just wait for the price to rise, without panic selling