Patience is a virtue in Cryptocurrency Trading.

[royale143]

Cryptocurrency is a no go area if you are an “emergency investor “. By emergency investor, i imply someone who invests in cryptocurrency to get profits within some short period of time in order to settle some immediate financial. The probability of that happening cannot be ruled out, but in instances where they occur, the probability is about 1/10.

Patience is a virtue for bitcoin and another cryptocurrency investment. Prices exhibit intermittent Bearish and Bullish movements over short periods of times which may leave investors confused as to what step to take.

A successful investor studies the market, invests in a coin that always rises remarkably after a significant drops and take decisions in moments of highs and lows.

This will save a lot of anxious investors who sell their coins when prices are dropping, causing them to lose significantly.

I totally agree. And not just in the trading market, but I think, in every department of cryptocurrency, whether it's in investing or even with bounties, patience is such an important character for a person to possess in order to actually be successful in this market. If you won't be patient it will be so hard for you to actually see through your ventures because you would tend to be impatient with them and prematurely take them out with the reality that you would forever not know if the venture could have been successful or not.

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[pendong101]

Yeah patience is necessary for investors  but of course if you got the skills and experience on  trading that's a big factor too.

[gandhe83]

right . If you have the patience but without the knowledge, it will make you fail. If you have a good understanding of the market and you wait patiently based on your knowledge, then you have success in this market.

[juragane]

yes you are right I fully agree with you because I think traidng requires a very important key, patience is the key because if you can not be patient and control your patience will be difficult to be able to gain profit.

[devillnj2.1]

I would say that patience is very important mostly in cryptocurrency trading, because you should wait the right timing, its very important that you will not do panic buying and panic selling, you should know the market first. if you can handle your feelings that well, good results will follow.

[Bonsaiav]

Trade is one art in life so anyone can do it. But patience is not necessarily owned by everyone, especially traders they tend to be emotional so easy to panic when his expectations deviated from reality.

[alvinmtp]

Patince is the key for success in the whole crypto world, not only in trading. Without being patient you aren't going to make real profits with crypto currencies, you will panic fastly and selling with lowest prices, and then regretting your previous wrong actions. Patience is required for trading because the market is unstable and the crypto prices are always volatiles

[ufaiz50]

Whatever you do should be accompanied by patience not only in trading, the business also needs it, based on the study the patience can make you think logically in making decisions, so what you do based on your mature thinking and knowledge, let alone crypto trading where changes in volatility value and we play with caution.

[Aleth]

Yes, patience ia a virtue for thise who invest in cryoto. Invest and wait that is the way to invest in crypto currency. Just explore also some of this coins and try to invest but always be sure to be patient.

[putrisa]

yes you are right when the trading is in need is patience, if you do not have patience then it is definitely going to be difficult to get the benefits because it will be easily affected and panicked, whereas if you panic then you will not be able to think clearly.

[Msile]

Believe it or not, there is such a thing as obsessive cryptocurrency disorder, and it is not a fun experience by any means. Some people may dismiss this “disorder” as somewhat of a fad, but a lot of people suffer from issues like this without realizing it. Chasing quick profits is not necessarily the best course of action whatsoever. Patience is very important virtue in crypto trading indeed.

[ferrari4luv]

If what i know today concerning investing in cryptocurrency are what i knew so couple of years back, i guess i would be richer, but all i pass through were lesson learned in the journey of being great. Cryptocurrency is truly the gain of patience, but patience in what you know that is right. Imagine selling your coins, only to check back in an hour later to see the currency appreciating...Weak hand syndrom!!!. Like i always tell my friends ,only invest the money you don't need urgently so that you would not be force to sell at an unreasonably worthless price

[no0dlepunk]

Cryptocurrency is a no go area if you are an “emergency investor “. By emergency investor, i imply someone who invests in cryptocurrency to get profits within some short period of time in order to settle some immediate financial. The probability of that happening cannot be ruled out, but in instances where they occur, the probability is about 1/10.

Patience is a virtue for bitcoin and another cryptocurrency investment. Prices exhibit intermittent Bearish and Bullish movements over short periods of times which may leave investors confused as to what step to take.

A successful investor studies the market, invests in a coin that always rises remarkably after a significant drops and take decisions in moments of highs and lows.

This will save a lot of anxious investors who sell their coins when prices are dropping, causing them to lose significantly.

Emergency investors = LOL ha ha ha!

I guess everyone knows how important it was to be patient when you are involved in the cryptosphere. One more thing, since the market is unpredictable, there are cases when the impatients are the ones who are able to escape a market crash.

Therefore, I disagree (somehow) with you. Strategies may differ among us that's why I always say - avoid giving advice regarding crypto especially when you are just somebody over the internet. It really sucks when people creates a topic here, attracting noobs to read and comment totally nonsense.

[abayan]

yes you are right when the trading is in need is patience, if you do not have patience then it is definitely going to be difficult to get the benefits because it will be easily affected and panicked, whereas if you panic then you will not be able to think clearly.

If you dont have it nor you can't control your temper in emotions of being patient you will have a big problem but at first you have to make a try so you will only take the chance to adjust. Panic is the stress and danger for your money and trading.

[sumanto]

yes of course when you play trading the most important to note is you must have a very high patience because if you do not have the patience is very high it seems you will be difficult to be able to get a lot of profits. the key to success is your patience.

[Klausi]

yes you are right when the trading is in need is patience, if you do not have patience then it is definitely going to be difficult to get the benefits because it will be easily affected and panicked, whereas if you panic then you will not be able to think clearly.

If you dont have it nor you can't control your temper in emotions of being patient you will have a big problem but at first you have to make a try so you will only take the chance to adjust. Panic is the stress and danger for your money and trading.

We couldn't blame others to feel that mate, because most of the time a person will be affected through what he reads and seen especially at social media. Nowadays we're very prone to fake news and other rumors that will make us mad against bitcoin price and other cryptocurrencies. Learning on how to control that emotions can be so hard at first, so you need to develop that by your own self and also with the help of friends who also are traders. To avoid of being in danger of stress, don't easily get affected through online news because some of it were fake.

[gabbie2010]

Trading cryptocurrencies is a different ball game compared to forex trading this is due to the fact that Cryptos are very volatile which requires patience for you to an edge over the market, also a wide stop loss is required to avoid drawdowns in Cryptos trading thus a working trading strategy means enduring and patiently waiting for days to take profits.

[kwabeedat]

Well said buddy. What we have experienced within the span of the ending of last year until now has shown that, you need to really study crypto well before you join anything here. You dont just put your money in anything at anywhere and then expect an overnight overgrowth. You really need to do checks, wait patiently and then enjoy your profits

[simalima]

Patience is the main key in trading but most of the readers can't control their emotion. Always should be keep cool our mind.If we can't control our emotions then we will loss whole of our balance gradually. So when we ee going to start trading, we should keep our mind fresh and don't try to buy in a hurry without research.

[k@suy]

Trading cryptocurrencies is a different ball game compared to forex trading this is due to the fact that Cryptos are very volatile which requires patience for you to an edge over the market, also a wide stop loss is required to avoid drawdowns in Cryptos trading thus a working trading strategy means enduring and patiently waiting for days to take profits.

Well I learned from this. A long as you've experienced a full trading cycle you will re balanced or cautious in selling with your trading habits. Before I am week hands also, as little drop in my portfolios price, I sell my token or coins. But now, I know it will rebound, I learned to read graphs too and basic technical analysis.  Being patient n trading is really rewarding in the end base on my experience.