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Author Topic: Patience is a virtue in Cryptocurrency Trading.  (Read 2010 times)
KGBx
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August 18, 2018, 10:24:53 PM
 #361

I absolutely agree with your post. Patience is probably one of the key instruments of getting wealth in crypto, but mind that sometimes it should be short, sometimes long Smiley

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August 18, 2018, 10:34:08 PM
 #362

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.
Indeed, people should be patient in the cryptoindustry. Volatility on the market is a nature in cryptos and if an individual perhaps investor is not patient, loss of profit is more likely to happen and not gain. Whenever the market is dipping, exhale and be calm still. Selling especially due to panic won't help so don't think of such thing. Once the market recovers, that would be the best time to sell or even invest.

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August 18, 2018, 11:23:43 PM
 #363

Patience is really important here, yes. But patience may kill your profits as good as it may give them to you, that's very difficult fact to accept for many people here.

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August 19, 2018, 12:00:29 AM
 #364

Patience is really important here, yes. But patience may kill your profits as good as it may give them to you, that's very difficult fact to accept for many people here.

Yes you are right, patience is more important than strategy because the market is volatile so you should be always expecting some drastic changes.

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August 19, 2018, 12:24:57 AM
 #365

Yes, trading in cryptocurrency is really risky, but it is also made safe because of Stop Loss feature of every crypto exchange. But on the every trade we do, we don't have 100% guaranteed because it just seconds, we may loss our funds, but if you study well about trading, you will not end up broken.
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August 19, 2018, 12:50:49 AM
 #366

Yes, trading in cryptocurrency is really risky, but it is also made safe because of Stop Loss feature of every crypto exchange. But on the every trade we do, we don't have 100% guaranteed because it just seconds, we may loss our funds, but if you study well about trading, you will not end up broken.

Wondering what is a stop loss feature and how it works?
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August 19, 2018, 01:12:48 AM
 #367

I don't know about you guys but for me too much patience is bad. I've been holding a lot of coins and most of the times, selling after a quick rise in the market is better than holding for a long time. If you have observed carefully, the bear period is always longer than a bull market so don't waste any opportunity to sell.
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August 19, 2018, 04:28:03 AM
 #368

I don't know about you guys but for me too much patience is bad. I've been holding a lot of coins and most of the times, selling after a quick rise in the market is better than holding for a long time. If you have observed carefully, the bear period is always longer than a bull market so don't waste any opportunity to sell.
I think patience is only suitable for big investors in 2017 and this year everything is different from me. I personally wish the market could rise again and as I hoped more and more markets would go down, this made me feel frustrated and frustrated with the current situation. I believe that in 2019 everything will become different and I will be determined not to sell during this period






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August 19, 2018, 06:17:28 AM
 #369

Yes, patience is a virtue for us, waiting in the cryptographic market is always a way to help us succeed, but if you are too impatient you may fail.
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August 19, 2018, 07:43:47 AM
 #370

Yes, patience is required in order to reap the benefit of an investment. But sometimes, too much patience is dangerous. Just imagine those that bought bitcoin at $18000, and still holding it?. Though cryptocurrency is not encouraged for an emergency investor.

Yes, patience is one of the major factor for the success in this field of digital currency.  People who bought bitcoin and altcoins earlier this year must have sold them in the loss and their could be multiple reasons of it. Maybe one needs money to spent and he/she can't block his money for this much long time. Only those who invested in crypto with their free/ extra money and have an heart to hold, will only enjoy the profits. Rest of the people just panic sell in loss and eventually out of this.

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August 19, 2018, 08:08:03 AM
 #371

Patience ia a virtue to be successful in trading.Being panic cannot help to us ,we need to patiently waiting for another pumps.Holding for a long makes our money profitable.
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August 19, 2018, 10:34:14 AM
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Investing in cryptocurrencies requires patience, but patience is not suitable for all altcoins. If you are trying to save a coin with no real value, then this is an ignorant act!
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August 19, 2018, 01:15:46 PM
 #373

Yes patience is one of the key character of every trader to be successful and earn profit in crypto trading but this should not be enough, traders also need knowledge in technical analysis and vigilant in the crypto news so you may be aware what is currently happening to the crypto market as prices reacts on bad or good news.
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August 28, 2018, 09:55:47 AM
 #374

Yes patience is one of the key character of every trader to be successful and earn profit in crypto trading but this should not be enough, traders also need knowledge in technical analysis and vigilant in the crypto news so you may be aware what is currently happening to the crypto market as prices reacts on bad or good news.
Yeah Letecia012, trading cryptocurrencies, especially in forex and binary options, requires you are up to date regarding trends in the cryptocurrency prices
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August 28, 2018, 09:58:04 AM
 #375

Investing in cryptocurrencies requires patience, but patience is not suitable for all altcoins. If you are trying to save a coin with no real value, then this is an ignorant act!
Yeah, you are right. However, by default, only coins with "real value" come to mind when cryptocurrency is mentioned.
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August 28, 2018, 09:59:29 AM
 #376

Patience ia a virtue to be successful in trading.Being panic cannot help to us ,we need to patiently waiting for another pumps.Holding for a long makes our money profitable.
Glad we share the same thought.
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August 28, 2018, 10:01:50 AM
 #377

Yes, patience is a virtue for us, waiting in the cryptographic market is always a way to help us succeed, but if you are too impatient you may fail.
One thing I have observed is we must be smart while we're at being patient.
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August 28, 2018, 10:09:27 AM
 #378

I don't really agree with you because I am an investor with limited funds but I take advantage of crypto in the short term. I take 1-3% profit per transaction and I can get it in a day so you can calculate your monthly accumulation yourself. but this requires perseverance, patience and good analysis

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August 28, 2018, 10:11:25 AM
 #379

I don't know about you guys but for me too much patience is bad. I've been holding a lot of coins and most of the times, selling after a quick rise in the market is better than holding for a long time. If you have observed carefully, the bear period is always longer than a bull market so don't waste any opportunity to sell.
I think patience is only suitable for big investors in 2017 and this year everything is different from me. I personally wish the market could rise again and as I hoped more and more markets would go down, this made me feel frustrated and frustrated with the current situation. I believe that in 2019 everything will become different and I will be determined not to sell during this period
In 2017, the price of bitcoin was around $4000 in August. In December 2017, the price shot to a historical $15,000. Already, experts are predicting Bitcoin to hit pass $20000 in December. There hasn't been any time to be more patient than now.
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August 28, 2018, 10:15:22 AM
 #380

I don't really agree with you because I am an investor with limited funds but I take advantage of crypto in the short term. I take 1-3% profit per transaction and I can get it in a day so you can calculate your monthly accumulation yourself. but this requires perseverance, patience and good analysis
Well, it depends on your target and approach. Am glad you still acknowledged the essence of patience. I wrote this reply somewhere and I think it's valid here too: "In 2017, the price of bitcoin was around $4000 in August. In December 2017, the price shot to a historical $15,000. Already, experts are predicting Bitcoin to hit pass $20000 in December. There hasn't been any time to be more patient than now"
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