Patience and Holding

[darthmaul]

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

Isn't that's good you came to know your mistake and you are actually implementing it from here onwards. So that's how we learn in the world of crypto trades and investment.

Yes surely holding works, and it worked since the 2009 for those people who are now millionaires in the industry. Take that last into consideration and believe in yourself then you will have all the power of patience and holding your coins. That's the best way around it. :-)

[traderethereum]

when someone decide to buy altcoin, he should know and realize that altcoin can down too deep because of btc price is increase and he should only patience and still holding. i think its normal if we can not be patience because we don't know yet about what is happen with altcoin if btc price is up but after you have the experience from this moment, i am sure that in future you won't make the same things again. i still holding all of my altcoin because my profit is reduce and i don't want to sell now and i only waiting and i can be patience for this.

[aardvark15]

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

I think one of the biggest mistakes in trading is panic buying or selling. You have to be patient and only buy when there is a price drop and only sell when you make a good profit. It's hard to take emotion out of it, but that's what you have to do to be successful at trading.

Most of the time if you follow the rule of buy low sell high, you can make money trading. The exception would be when a coin is just a bad coin and it loses trading volume and basically dies. I this situation you are left holding the bag.

[bnlllamo]

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

Learned the hard way but basic concept is >when bitcoin goes up altcoins goes down >when bitcoin goes down altcoins goes up > when bitcoin goes sideways alt-coins goes up. Many time i forget this basic rules but trading view helps a lot. When you are capable of reading charts it's easy when to enter and exit.

[makishart]

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

I hold my coin as well because when I buy it in the expensive price and suddenly the price drops to the base, i hold altcoin like XRP,XMR,XLM because Bitcoin rising up and Hardfork this month 

But, you can check it out the equivalent to your local fiat of each altcoins you bought, the value maybe the same but just the rate to btc significantly decreasing and that's becasuse bitcoin just get pumped so hard, we're heading for new ATH for bitcoin but the effect is, all the altcoins gets dumped aswell as you said.

[culuuton]

Sure, it's good to let your winners patience and holding but we can't know the future and not taking profits can lead to real losses. You can lost a good amount money because of some emotional shit.

[wayaneka]

Yes patience, keep emotion and do not greedy is key of succes in altcoin trading, even you expert in technical or fundamental analysis that not enough to get consisten profit.
In my opinion by holding these coin like BTC, ETH and DASH make you in profit in the future.

[senne]

First of all, never invest the amount you can’t bear to lose. Further if you invest in Bitcoin or any alt coin, then you need to be good at analytical skills i.e. predicting the rise and fall of the prize of various crypto currencies then only you can get better returns on your investment. Holding your money definitely gives you better returns but then you will never be able to withdraw money in dream of a better prize. Patience and Holding is required so that you withdraw your money before a dip in the market. And in the dip you buy again and sell at better prize.

[Fatmoo]

Make sure you have other source of income when you do "holding" while waiting the price to get high, it takes more time to get a big profit.
If you don't have other source of income it will destroy your trading strategy and can make you stop doing it because of the basic needs everyday.

[Flapjackz]

First of all, trading fees are already ridiculous, why would you want to lose money by performing multiple trades in a day.

I prefer to distract myself for long periods of time whenever I execute a trade even though im a perfectionist,
Please dont worry about the seconds or the minutes a coin is going, what really matters is the bigger picture and that is probably the reason you bought the coin in the first place.

[yanto@1977]

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

That's fine, experience will give you the best knowledge you needed. Keep practice and try your strategy with another coins until you find the best one. Bitcoin only one, but another coins also has opportunity to making money. What happen just let it go, it wouldn't change anything. Thank you.

[Rana590]

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

I think you learn the trading very late. Since the principal of trading is Brought the bitcoin when the price of bitcoin is low and sell when the price is high. Do sell in panic and all.Just wait till the price of bitcoin reaches the high value. Just avoid of panic selling to rich in short time.

the principal of trading is Brought the bitcoin when the price of bitcoin is low and sell when the price is high

This is the key to trading. If you master this, you will be successful.

Although it is too much important to have good patient while you are trading, but i think that majority of people do not have the element of patients, both in winning as well as in losing side. When we start making money in trading we try to invest more and more just like in gambling so as to increase the income more and more and when we hear so bad news about the market we start selling and do not try to remain as patient and wait get some real information about bitcoin , which in turn give a big lost to us.

I totally agree with you. We should know the basics rules of trading. Patient in trading is more important element. We should not hear the talking of people who don't know about bitcoin and crypto currency as well. So take your right decision if you want to success.

[Fredomago]

Patience is the key to success inside trading knowing how how to hold and learn how to wait will allow you to generate much bigger value of your investment, I guess if you are placing your money with project which have good potentials you will be able bring more bacons.

[Victorycoin]

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

Why feel bad if you earned at least a profit? If you withdraw or sell but earned a profit then nothing to feel bad about it and besides who knows if Bitcoin price will recover after it dipped at $3,800? You withdrawn or sell because you thought that its the right time to withdraw. What you did is ok as long as you earned even with a small profit, feel very bad if you sold at loss, I'll be kicking my self if I do that.

Understanding that we can't never rake in the profits from every move the market makes is the beginning of our journey into effective and profitable trading. What's more, profitable trading opportunities will always abound, all that needs done, is to be able to identify and take some share before they're up and gone. Help is usually at hand in technical analysis, especially in the areas that render clues about oversold and overbought market conditions.

[lienfaye]

Patience is the key to success inside trading knowing how how to hold and learn how to wait will allow you to generate much bigger value of your investment, I guess if you are placing your money with project which have good potentials you will be able bring more bacons.

Thats true, in trading and investment we cant see the outcome fast and it takes time. if you dont have patience and always in panic if the price are decreasing you wont gain anything. its important to wait and see whats gonna happen later on. set aside your emotion and believe that in time theres a postive result in all your sacrifices.

[Ewox]

Patience is the key to success inside trading knowing how how to hold and learn how to wait will allow you to generate much bigger value of your investment, I guess if you are placing your money with project which have good potentials you will be able bring more bacons.

So true, patience is the key to be successful in trading because it is not all the time that the coin you are investing is always increasing its value and most of the time it stays down. So it is actually a battle among who can wait the longest and will be rewarded for their patience. I've learned my lesson before, I was also hesitant and withdrew all my profits and realized that the longer you wait the more profits you do gain in time.

[liuqi]

Patience is the key to success inside trading knowing how how to hold and learn how to wait will allow you to generate much bigger value of your investment, I guess if you are placing your money with project which have good potentials you will be able bring more bacons.

Thats true, in trading and investment we cant see the outcome fast and it takes time. if you dont have patience and always in panic if the price are decreasing you wont gain anything. its important to wait and see whats gonna happen later on. set aside your emotion and believe that in time theres a postive result in all your sacrifices.

Without investing trading you can simply hold the coins in your desktop wallet or hardware to keep it safe. I have met a friend two weeks before who bought 4 bitcoins when the bitcoin's value 250 USD but now its value grown to big value.
You wait but no need to worry about the value now. surely we will find the huge impact in the price chart in upcoming days.

[Jovovich]

Patience is the key to success inside trading knowing how how to hold and learn how to wait will allow you to generate much bigger value of your investment, I guess if you are placing your money with project which have good potentials you will be able bring more bacons.

Thats true, in trading and investment we cant see the outcome fast and it takes time. if you dont have patience and always in panic if the price are decreasing you wont gain anything. its important to wait and see whats gonna happen later on. set aside your emotion and believe that in time theres a postive result in all your sacrifices.

Without investing trading you can simply hold the coins in your desktop wallet or hardware to keep it safe. I have met a friend two weeks before who bought 4 bitcoins when the bitcoin's value 250 USD but now its value grown to big value.
You wait but no need to worry about the value now. surely we will find the huge impact in the price chart in upcoming days.

These days also the pace of the price is unpredictable it could increase greatly or fall down in just a span of a week. Some can profit in a long term and some would profit in short term. It's just when and how we sell is our own strategy.

[bnlllamo]

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

Been there...many times when i've sold my portfolio the price rises. even if you are for long term HODL you still have to learn basic chart reading to know proper entry and exit. The more you should learn about it if you intend to daily trade.

[reliable]

Ive been wrong that i withdraw all my earnings on trading ..
i learned that ..must have patience in holding then exchanging it times 10 from the day I bought my alts..
hmm .. too bad for me now bitcoins is still aiming high ..

Been there...many times when i've sold my portfolio the price rises. even if you are for long term HODL you still have to learn basic chart reading to know proper entry and exit. The more you should learn about it if you intend to daily trade.

Yes one of the attributes in trading is to identify the opportunity where the price has peaked and you sell a bit of the coins to grab some profits and when the market falls again you can grab at lower price so that you can make some extra profits. Rather than just keep on holding you can switch in between and do trading to earn something.