Patience and Holding

[Eternu]

Bitcoin will never fail in delivering higher price, at least it didn't so far. But don't blame your self, what is done its done. Bad feeling will be there, but it won't bring you anything good, it may take you to even another mistake. Therefor learn everything you can from it and move on. That mistake happened to all  of us, and if it didn't... than it will. It is quite common mistake for people who just joined Bitcoin world.

[Welsh]

Trading is and will always be viable. Of course, depending on what the future holds it might not be the optimal time like it was three or four years ago. But, it can still be profitable. Of course people holding Bitcoin is great, I've held for many years but we need people to be dealing in Bitcoin every day too. Whether that's through trading or buying and selling goods. Otherwise Bitcoin loses it's value and becomes a collectors item which it wasn't created for.

[syaripudin]

It is true that in the prinsif that traders must hold is where they have to hold the very strong principle of patience. usually a common mistake by traders is that when they can not control the emotion of the bitcoin price reduction but I think we should not blame ourselves for the mistakes that have happened. I think it is a human nature that must have experienced a lack of emotional control when investing. it may be better to address the mistake to make an experience so that you do not make mistakes for the second time.

[Rupok]

Patience and Holding both are most important in the crypto world. Only patients can be the right way to earn much profit from your holding. If you can be patient so you can not shine in cryptocurrency.

[Quantex]

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.

I tried total holding and not selling them for some profit, it didn't work me. I could get 30-40% profit all the time if I sold my altcoin holdings, but I didn't do this. I missed all the profits and the prices declined too much now.

[newlone]

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 ..

All traders sell and do not hold when they see their altcoin rising, because you can not tell if it is a peak or it can fall down anytime.

[Nisharawal]

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 ..

Your unlucky and i think you didn't manage your trade properly because you didn't use a good trading plan. A Trading plan is a must before you take any trades. Also keep in mind that you should not take any kind of trade before you have a good system with good trading plan, a good trading plan involves a good trade management,good capital management,Entries, Exits,reason for entries and exits, and your Emotional behaviour . This is one of the reasons you have booked your profits too soon.

[prtty2gal2]

We all make mistakes. That's how we learn. Bitcoin is high right now, but it's only going to get higher in time, so now is not too late to get into Bitcoin.

Mistakes are usually what makes us better at what we do. Once we make mistakes, we learn, see where we got it bad and make adjustments for next time. That is why you can never take that experience away from a pro trader. The good thing about bitcoin like you have said is that, it is just starting to get high and anytime now is good. However, whether for alts or bitcoin, patience is just a virtue that is really needed.

[HatakeKakashi]

In trading we need patience brcause if you that you can wait the price to increase more so you can more profit. Unless you will sell your crypto yes you will earn profit but its better to make profit right. Next time sir before selling an altcoin better to make a research because if you do that possible you predict if the coin that you have possible to increase more. But its up to you if you sell or wait.

[diouf67]

We all make mistakes. That's how we learn. Bitcoin is high right now, but it's only going to get higher in time, so now is not too late to get into Bitcoin.

Mistakes are usually what makes us better at what we do. Once we make mistakes, we learn, see where we got it bad and make adjustments for next time. That is why you can never take that experience away from a pro trader. The good thing about bitcoin like you have said is that, it is just starting to get high and anytime now is good. However, whether for alts or bitcoin, patience is just a virtue that is really needed.

I think this is about the most important thing for people to understand, you can get all the advice in the world but you will still make mistakes, however they are a good thing as long as you learn from them in the right way you will go on to be a better trader. This not only applies in trading though but in all aspects of life.

[ThunderCatSteve]

Patience and Holding.

[slaz26]

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 ..

But you are learning and now you understand that this is wrong and now you just need to develop a feeling when you should wait and when you can sell. Your approach has the right to live in the case of short-term trading is not otherwise.

[n0ne]

When the plan is to make a long time investment, surely patience is a must. Holding of bitcoin is one among the best that an user can do to earn big without big risks, as the entire asset is in our wallet with private keys in our hands and several high security features enabled to increase the security and avoid the risk of hack.

[aitorp6]

Patience and Holding both are most important in the crypto world. Only patients can be the right way to earn much profit from your holding. If you can be patient so you can not shine in cryptocurrency.

I fully agree with you, these two are keys here, but I would like to add another one: "Don't spend money that you are not ready to loose".

This last has been fundamental for me, if you can think "well, I can live without these 1000$", the you can invest this money. If you can't live without these 1000$, don't invest them.

[Payapa]

Trading your resources could be tricky whether to hold or use it. Patience and holding it can be also a good way to see long term effects on your bitcoin.

[SirLancelot]

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 ..

Not only you, most traders have this problem and I too, I sold it when it was high but it was not the peak of it after a day of value increase x5 i really sad  

The truth is that no one can know the peak and it is always very good to have this planned even before you sell your position. The best way I go about this is to sell just some few percentage of it than selling all, and then with that I can at least use that percentage if it goes down or capitalise on the peak and probably set a stop loss to not loose too much from the little percentage I sold while still profiting from the peak. However sometimes, you just have to be patient, most especially if it is your plan to hold for long term.

I utilize the same strategy as you. Usually I put sell orders at different profit percentages to spread out my profits in case a coin starts massively going up. Stop loss is also a very good method of capitalizing on a bull run but you don't want to look at the charts all day. However stop loss isn't always advisable. Moving on though, don't regret taking profit. There's no point in doing that. Literally nothing. I also bought ether when it was 90$ and sold at 110$. Was that the best option to maximize profits? No. But do I regret my decision? No. Why? Because at the time it seemed right to take profit.

Panicking always cause losses and unforgettable regrets and patience and nerve control is the major game of crypto, as in past bitcoin as gone through some serious loss because investors started panic selling and that was the black day for the bitcoin because they take seriously to the china ban news and rumors spread by JP now awareness has come and investor knows about his best.

[GregH37]

We all make mistakes. That's how we learn. Bitcoin is high right now, but it's only going to get higher in time, so now is not too late to get into Bitcoin.

Making mistakes is not a big deal in the world of business. We all do make many kind of mistakes but the bad part is repeating the same mistake couple of times and not learning a lesson from what you have done in the past. Patience is no doubt a very major element if you are planning for long term investment. You need to remain cool no matter what the circumstances are.

[Bitcotalk]

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 ..

Not only you, most traders have this problem and I too, I sold it when it was high but it was not the peak of it after a day of value increase x5 i really sad 

Nobody can predict what is the highest peak in digital currency price. it keeps on fluctuating so where you feel the price is high sell it and make money. don't become greedy it will give us a loss.

Greed makes you never to have a plan and even if you know what to do, it makes you get emotional until you end up not doing what is right. It is better to loose small than to loose big and it is also better to win small and be sure than to keep being greedy or gambling your position until you lose it totally. Depending on the level of trading, either day trade or long term, greed should never be in any traders dictionary.

[magmar]

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 hig..

It is alright that you have made a mistakes, we all make mistakes especially in this business because it is a little bit risky to do. And yes this business probably needs a lot of patience because if you are too greedy and you immediately sell all of your holdings, you might get lower price because it can always rise up again if you just hold it a little bit longer. The key to get a larger profit in this is when the price is not that high, dont sell it, just hold it a little more but after a month that it pumps sell it then you will have a bigger profits.

[RedX]

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 ..

It's just okay, bro. It's one of the common mistakes of trading staters. You are still in the process of dealing with your emotions and the good thing is that there is self-realization that you need to change it. I also experience and I know other traders too. I'm sure that after a year, you already mastered how to control all of your emotions.