Patience is a virtue in Cryptocurrency Trading.

[Nana1]

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.

[cryptothief]

I would agree with this to some extent (and 100% for inexperienced investors), but there will always be opportunities to make short term gains if you know what to look for. It still involves research and patience, but really it comes down to timing. Doing the research first can pinpoint coins you are interested in, then keeping an eye on their progress, e.g. hitting significant targets on their roadmap, big announcements, partnerships etc. By paying close attention to a smaller number of projects (rather than scanning the whole market), you can sometimes put yourself a step ahead of other less involved investors/traders. I'm not talking hours/days here, but a decent return in less than a month is definitely possible once you know what to look out for. This tactic can also work for the reverse, e.g. projects missing targets, negative news etc., helping you to exit earlier than others (and then buy back in later if you so wish).

[dE_logics]

Cryptocurrency is definitely for the long haul. The true value of crypto isn't even realized yet. The true value of Ethereum is in the smart contracts that drive distributed apps. But this technology isn't widely used yet. Just imagine the value of Ethereum when Ether is used to power apps that millions of people depend on? The price so far is driven by the anticipated value of this and by speculation.

[vv181]

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

It is indeed a patience is required and needed in any type of investments, but your claim the probability of traders make a profit in a short period is really misguided. Well, I agreed in this kind of market aiming for a quick buck is really wrong, but in the bull run market cryptocurrencies within its volatility is a heaven for achieving a quicks bucks.

[Ziskinberg]

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

It is indeed a patience is required and needed in any type of investments, but your claim the probability of traders make a profit in a short period is really misguided. Well, I agreed in this kind of market aiming for a quick buck is really wrong, but in the bull run market cryptocurrencies within its volatility is a heaven for achieving a quicks bucks.

We should all wait for that bulls market because it's easy to trade when the price is moving fast.
For now, it's wise to buy since most coins are falling in value, and when it pump, cashing out with profit would be easy, that's the trend I notice.

[alan2here]

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

It is indeed a patience is required and needed in any type of investments, but your claim the probability of traders make a profit in a short period is really misguided. Well, I agreed in this kind of market aiming for a quick buck is really wrong, but in the bull run market cryptocurrencies within its volatility is a heaven for achieving a quicks bucks.

We should all wait for that bulls market because it's easy to trade when the price is moving fast.
For now, it's wise to buy since most coins are falling in value, and when it pump, cashing out with profit would be easy, that's the trend I notice.

Yup. We are still expecting a strong pump in the market as most of the prices have fallen dramatically in the last two months and this is the best chance to buy now as Bitcoin prices are likely to rise come back . That makes the Cryptocurrency market recover and we just need to reap the profit that we bought in this time.

[olumyd]

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.

Patience is key indeed, but a great deal of ingenuity in trading skills is required and can't be built in an instant. You need years of experience to become a good trader; otherwise, you must be a genius to be able to hit it off at first go.

[Indrawan77]

Bitcoin is so unpredictable sometimes need a lot of patience to gained profit, so if you are using the daily needs money then you can be forced to sell in a lower price, and using daily need money is not the correct way to invest, once you got wrong prediction you can lose money and you wont be able to fulfilled your basic need, so not recommended to take that kind of risk to invest

[macchiato]

I agree to this. Trading and investing takes time. Cryptocurrencies like bitcoin are highly volatile and unstable so profit is not guaranteed. Aside from the money you invested, you also need time to invest to make good profit and that is not quick.

[boyshx]

Thats true but I have seen lot of people making lot more in single trade and more than what one can earn in whole month. People are here with expertise on the swing trades and they are spending sufficient time in whole day and making big bucks. This comes down to the way you are doing the trading, what are you trading and what kind of coin you have chosen. Crypto currencies are both opportunistic and optimistic at the same time. As you said its all about studying the market while making any kind of trade, on top of that you do need base of your luck. Usually people find swing trades far difficult and that is why they end up doing the long trades with limits trades on all the time. So you part of your thinking is completely true while the ratio may not be strictly 1/10 but could be 50-50 as people do make huge with smart trades.

[gantez]

Most of the time, people get impatient because they believe they can make quick turn over from a cash that they intend to use immediately. Investing such money would naturally get someone worried when is going negative. So it is better to invest reserved money and we can allow it some time to grow.

[Google+]

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.

yes you are right patience is the policy that you must apply in the world of cryptocurrency trdaing because if you can not apply the policy it seems you will be difficult to earn very much profit, patience is your main key.

[nebiki]

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.

yes you are right patience is the policy that you must apply in the world of cryptocurrency trdaing because if you can not apply the policy it seems you will be difficult to earn very much profit, patience is your main key.

that's true in the trade that must be in need of great patience and great ketlitian as well. so if in trading it is not easy baseball and most important it's patience key

[Duogembrot]

yes you are right I think the current market conditions are very unstable and prices are still moving down the road one way is only to apply the patience is very high because if not like that then you will experience a lot of losses.

[vv181]

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

It is indeed a patience is required and needed in any type of investments, but your claim the probability of traders make a profit in a short period is really misguided. Well, I agreed in this kind of market aiming for a quick buck is really wrong, but in the bull run market cryptocurrencies within its volatility is a heaven for achieving a quicks bucks.

We should all wait for that bulls market because it's easy to trade when the price is moving fast.
For now, it's wise to buy since most coins are falling in value, and when it pump, cashing out with profit would be easy, that's the trend I notice.

There is always a right time to make a good some type of investments. Every season needs a different strategy to make a profitable investment. We as  a trader needs to maximize whatever the market situation is and adapt quickly the strategy for any kind of markets.

[krauzzer02]

The Op's is totally true it must inherit and learn for the majority of the cryptocurrency holders, investors and traders, numbers of the people who are getting involved in crypto are significantly increasing without a doubt part of them are easy money traders wannabe, we can't evade the fact that we have different motives why we are joining the squad of this currency that's why it is fluctuating and it is so volatile that every second the buys and sell orders in the exchanges always moves but most of us must learn the art of patience and holding.

[patrickj]

The Op's is totally true it must inherit and learn for the majority of the cryptocurrency holders, investors and traders, numbers of the people who are getting involved in crypto are significantly increasing without a doubt part of them are easy money traders wannabe, we can't evade the fact that we have different motives why we are joining the squad of this currency that's why it is fluctuating and it is so volatile that every second the buys and sell orders in the exchanges always moves but most of us must learn the art of patience and holding.

Well said, if everybody will have this kind of attitude when it comes to cryptocurrency, for sure markets will grow much higher because many investors, traders, and even fans of every altcoin are gathering thru the sense of importance that a cryptocurrency holds.
We think that crypto's has high risk of loss but eventually there is also a high chance of getting you more profits when the times a certain altcoins develop rapidly by it's hardworking company that provide their service honestly. So the only thing we need to do is to trust them and support them as well.

[buje micin]

I really agree with what you say here, patience is a very important key in short-term and long-term trading because patience will determine the benefits we will get here, if a trader is not patient then they will lose and regret

[Fatunad]

The Op's is totally true it must inherit and learn for the majority of the cryptocurrency holders, investors and traders, numbers of the people who are getting involved in crypto are significantly increasing without a doubt part of them are easy money traders wannabe, we can't evade the fact that we have different motives why we are joining the squad of this currency that's why it is fluctuating and it is so volatile that every second the buys and sell orders in the exchanges always moves but most of us must learn the art of patience and holding.

Well said, if everybody will have this kind of attitude when it comes to cryptocurrency, for sure markets will grow much higher because many investors, traders, and even fans of every altcoin are gathering thru the sense of importance that a cryptocurrency holds.
We think that crypto's has high risk of loss but eventually there is also a high chance of getting you more profits when the times a certain altcoins develop rapidly by it's hardworking company that provide their service honestly. So the only thing we need to do is to trust them and support them as well.

Having those kind of mentality would really be good but it would be impossible for it to happen since investors do really have the target on making money.
Holding for quiet some time is good and patience is really a virtue when you do hit up or hold a potential project.Panic sellng is common into this very volatile market and as a trader you would really got used to it on how crypto works.

[00DKM@]

Exactly, patience is a necessary and important virtue for investors and traders like us. I am not a good person to endure and persevere before. But after entering the crypto market, dependency from the pump / discharge process was seen. I feel the need to work hard to change and improve my patience. It's not easy and you need to practice it over time.