Patience Is A Trader's Virtue

[rhomzkie26]

Yes I do agreed that being patience as a traders is the main factor for us to become successful in trading, and have enough knowledge in bitcoin and altcoins also in reading the graph, and everything in doing trade in the platform.

[1714982582]

1714982582

[1714982582]

1714982582

[1714982582]

1714982582

[malikusama]

Indeed the most difficult but also the most important to be a successful trader. Many fresh traders loss their entire capital just because they can't keep calm while trading. Patience is required in all type of business and this business of cryptos need much more patience than others.

[energycom]

I agree, you need patience and stealth like qualities in order to find those hidden gems and opportunities. I try to do a little trading now and then but mainly do the long term trades on altcoins I like to hold for a long time. I had some really good coins and sold them off way too early, like I had 100 dash and sold them at 12 dollars. One thousand bitcoin plus and sold for 12 dollars at the time. I million NEM that would have made me a millionaire. If I were as wise as I am now, I would have held those beauties long term and now be settled for life. Patience and knowing what to hold and when to hold is key.

We all lived similar things in the past. We sold our litecoins for $5 each. We sold our IOTA coins for $0.3 each. What a pity for us. We should have held them in long term.

[AlienSeeker]

This is true and I agree. Trading really needs patience, a really really big patience. Every trader should be patient in waiting and be knowledgeable on when to hold and when to sell their coins or tokens for you to earn or profit a lot.

[Stedsm]

Patience Is A Trader's Virtue
Although the best investors and traders understand the importance of patience, it is one of the most difficult skills to learn as an investor and trader.

Patience is a key factor that needs to be understood and we need to deposit it in our mind before we deposit any money on any exchanges or anything where we are willing to invest. Let me tell you my own scenario and you decide whether I am a patient Bitcoiner or not.
I used to get more than 0.1 BTC a month at times when the value was less than $500, but I always sold them off to support my brother in maintaining the expenses we used to incur at home. There were times we saved, there were times we spent, but Bitcoin always remained there to be the most important part of our life. After that, when the value started increasing, I started to save and only sell when emergencies arrived. Still, I have few coins left and now I know that holding gives bigger rewards than selling off in panic. I believe that sometimes, it's not us but circumstances that make us sell them.

[dark08]

Yes I do agreed that being patience as a traders is the main factor for us to become successful in trading, and have enough knowledge in bitcoin and altcoins also in reading the graph, and everything in doing trade in the platform.

Being patient is one of the main factor to became a successful traders if you dont have patient in your self Im sure your capital will loss and you cannot earn a huge profit because having patient plus a knowledge to crypto world is equal to profit and take note if you doing trading dont be greedy if you see you have a profit then go sell and rebuy again when price is down.

[rysea2]

Patience Is A Trader's Virtue
Although the best investors and traders understand the importance of patience, it is one of the most difficult skills to learn as an investor and trader.

yes, I really agree with you, even though everyone knows that patience is very important in trading but it is very difficult to do because some things like sudden panic arise when market prices start to throw away.

[bitcoinrays]

I agree, you need patience and stealth like qualities in order to find those hidden gems and opportunities. I try to do a little trading now and then but mainly do the long term trades on altcoins I like to hold for a long time. I had some really good coins and sold them off way too early, like I had 100 dash and sold them at 12 dollars. One thousand bitcoin plus and sold for 12 dollars at the time. I million NEM that would have made me a millionaire. If I were as wise as I am now, I would have held those beauties long term and now be settled for life. Patience and knowing what to hold and when to hold is key.

Although the best investors and traders understand the importance of patience, it is one of the most difficult skills to learn as an investor and trader. Dennis Hartman, a successful trader and publisher of The Hartman Letter has this to say about the value of patience: "Proper patience is needed throughout the lifecycle of the trade, at entry, while holding and exit.

[futile-resistance]

Patience Is A Trader's Virtue
Although the best investors and traders understand the importance of patience, it is one of the most difficult skills to learn as an investor and trader.

yes, I really agree with you, even though everyone knows that patience is very important in trading but it is very difficult to do because some things like sudden panic arise when market prices start to throw away.

When the prices start to throw away, panic is obvious even on the faces of those who know the market to its depth, the best practices of times like these are to keep your self busy in the trade. At least this will make you busy and after sometimes you will become more and more familiar with the fluctuations in the market and also how to handle this kind of the situations. Patience has to be the ultimate virtue but practice will make it happen.

[aervin11]

Yes it is. Especially if you need fiat for everyday living. Being rich or having a lot of money without relying on crypto would really help. That would help you strech your holding time, would maximize you profit coz as all we know, HODLERS always win and lastly this business would just be a game for you, for you didnt need money anyways. Have another source of income would be healthy.

[Casdinyard]

I agree, you need patience and stealth like qualities in order to find those hidden gems and opportunities. I try to do a little trading now and then but mainly do the long term trades on altcoins I like to hold for a long time. I had some really good coins and sold them off way too early, like I had 100 dash and sold them at 12 dollars. One thousand bitcoin plus and sold for 12 dollars at the time. I million NEM that would have made me a millionaire. If I were as wise as I am now, I would have held those beauties long term and now be settled for life. Patience and knowing what to hold and when to hold is key.

Although the best investors and traders understand the importance of patience, it is one of the most difficult skills to learn as an investor and trader. Dennis Hartman, a successful trader and publisher of The Hartman Letter has this to say about the value of patience: "Proper patience is needed throughout the lifecycle of the trade, at entry, while holding and exit.

I agree. Patience is the answer from all of this panic moments and without this we will just end up a crying child later on. Everybody should know when we should hold and we our patience can a test to that. And when we used to this then there we will be all good.

[Shanmatthew]

Patience Is A Trader's Virtue
Although the best investors and traders understand the importance of patience, it is one of the most difficult skills to learn as an investor and trader.

Yes,you're right that patients are needed in trading.because sometimes the value of btc is non stable and you're mind so many thinking if it is the right time or not to buy.but sometimes  we can't hold it our patient what ever we'l do to hold it that cause of bankrupt

[crypto4lambo]

It is really on point. And this is where I struggle the most. Sometimes I am caught between to sell or to hold and many times I regret what I chose. Emotions when included in trading destroys everything. Even if you plan your trade but when the time it overtakes you you will regret what you decide to. Everytime I experience this, I just take a rest and think clearly. I look again at my plan and execute what is in it. Patience is both applicable for day trading and long term investing. Both also requires discipline which is very crucial to maintain. Patience can be easier to be said than done nut the moment you master it, you can ease your mind whenever you want to made a decision.

[Smarty14392]

This is true and I agree. Trading really needs patience, a really really big patience. Every trader should be patient in waiting and be knowledgeable on when to hold and when to sell their coins or tokens for you to earn or profit a lot.

You only need to see when the time is good for you. Either this will benefit you or it can produce harm to you. That will be accompanied by patience. Every time you won’t get good results. There is a time coming in your way when you have to decide so immediately that where to go. Patience is the key to success and you definitely need to keep it with you for better future.

[macchiato]

Indeed. This is a very hard thing to possess since we are all excited of earning. Who isn't? However, without patience, a trader won't be successful. There will be greater loss instead of gain if traders allow their emotions take over. And should I not mention panic buying/selling? Come on people, dumps and pumps are digital currency's nature. Being hot-headed and impatient won't control coin's stability. Just run it smoothly and be calm.