Patience: The key factor to succeeding in the crypto space

[nik9990]

However, you should know when to sell on time so as not to sit with coins for a long time.

[brixbounty]

In confirmation of your words, I can say that thanks to patience, I have won many times. Since I am a bounty hunter and get coins for it, I often have to decide how to deal with them. And there were several cases when, thanks to patience, I did not sell coins at once and was rewarded for it, because their price increased 10 times or more.

[clarkt]

Cryptocurrency is an evolving sector which is poise to lift many from financial aid to been financially free.  Apart from the powerful potentials of cryptocurrency in better finances and transactions, payment and utility,  cryptocurrency will make money cheaper and influence international trade positively!

[damberg]

Patience pays off only if you chose a good coin  Holding coins or token without potential and waiting only for occassional pump is a wrong way to treat your capital.

[Tahsin Kabir Kollol]

Yes, I think so and totally agree about this matter. Patience is the key factor in succeeding in the crypto space. Some people buy altcoin and want to become successful overnight. But it is not possible. If you see the history of some main currency you can see their price did not increase overnight. So it needs time and patience to succeed in crypto space.

[coinplus]

Cryptocurrency is an evolving sector which is poise to lift many from financial aid to been financially free.  Apart from the powerful potentials of cryptocurrency in better finances and transactions, payment and utility,  cryptocurrency will make money cheaper and influence international trade positively!

Yes I agree. But many people are not making use of these opportunities because they are see the markets are falling down and they are not able to make any returns for their capital. But, if you look in to the past, how most currencies were performing and how much returns they have produced for its investors then I believe no one will lose their patience and they will be holding for better market conditions to arrive.

If you see the history of some main currency you can see their price did not increase overnight. So it needs time and patience to succeed in crypto space.

There were times when many coin showed big leap over the night. But those incidents were special market conditions and we cannot expect that to happen more repeatedly. One good example here must be, bitcoin got doubled its value in just one month of time. Yes, it raised from $10,000 to $19,500 in less than 30 days of November 2017. At the same time, only the people who were able to hold patiently, got the maximum benefit and people who were rushing to book profits when they were seeing $12k or $15k, missed the opportunity of having the maximum profits.

[playboy654]

Yes, I think so and totally agree about this matter. Patience is the key factor in succeeding in the crypto space. Some people buy altcoin and want to become successful overnight. But it is not possible. If you see the history of some main currency you can see their price did not increase overnight. So it needs time and patience to succeed in crypto space.

Patient level will give lots of people to make their life more better because if a heart patients then we will definitely take some good steps forward and it will leads to success if we don't make the good decision it will not work for long time it will definitely going to the wrong way that's why patient level will play an important role in this field.

[caffu chino]

no one succeeds just because they wait patiently. we have to make difficult decisions to get the best results. to be able to get profit when the only market bear way is to continue trading. hold is a less appropriate choice because it can result in large losses. so patience is not the key to success.

[Emperor of Man]

When it comes to altcoins you must know what you're doing. Patience is a good virtue, until the point that your target price is reached. If you continue to be patient, even when you shouldn't be, then it's bad.

But I agree with your point. Most of people are losing in the market because of the "lack" of patience, not being overly patient.

[qomariah95]

This is what all crypto users must do. Patience is something that I think is difficult to do in the crypto world. If you are impatient and do something rash, it might cause a big loss. So I personally will also learn to be patient in crypto so that in the future there will be great profits.

[powerman24]

Crypto is a long term investment and sometimes things change very fast in crypto, but sometimes we have to wait longer to achieve our goals. Patience plays a key role in this and not to panic when the market  is not behaving as we expected.

[MakeMoneyBtc]

That's the biggest mistake people make when they are investing in cryptocurrencies. They start with the idea that cryptocurrencies are something where you just invest money and wait a few weeks then make an easy profit. And that's exactly why most of them fail and lose all their money then they blame cryptocurrencies for being a bad thing.
When you invest in something, doesn't matter what investment and it doesn't matter who recommends it, you still have to do you research. And that doesn't mean just searching in Google for other people's reviews because that's the same shit as doing nothing.

[maydna]

Yes, patience is the key, but the problem is many people don't have patience, they do not realize that patients will give big rewards to them. When you use cryptocurrency as the new investment, it means you need to wait for a while, and like the other investment in our real life, there is a period that we need to follow and so do the cryptocurrency.

By learning of the project, we can find the benefits of the project so we can decide to join or search the other. We need to not decide in a hurry because we are responsible with our money and we want to increase the money by making a profit from crypto. So lets we try to learn more about the patience.

[Lilianaser]

Of course, patience is the key, especially when we are already in the world of crypto, of course, extra patience is needed to wait for the results we will get when investing in crypto, because to get the results, there is no need for instant time.

[attech21]

It is right that patients are the key to succeeding and earning money here in cryptocurrency. because if you do not have it and You'reazy about nothing good will happen, so you have to wait and wait.

[Choyor]

Yes, I agree, patience is part of success in all life's efforts. In investment, patience plays a very important role in long-term investment, because we will go through the rising and falling phases of the market price, but we also have to remember that when the price reaches the desired target, we must quickly execute our coins.

[ice18]

Can I ask how long this patience are you talking about when it comes to crypto? Is it 1 year or 5 years? If we consider what happened in bitcoin it take years to become very profitable cyrpto investment needs strategy and proper timing not mostly patience some people has no patience but they are successful I have seen many crypto traders that has very huge income even in bear market.   

[kicauklaten]

patience and put aside the ego is not an easy thing to do. When panic ruled it all then it will lose patience and will only result in the always wrong decision. When can prefer the patience, then the results will be better because it will be calmer in taking decisions in selecting coins as well as taking action in conditions of crypto.

[Cemploon]

The action that makes losing a lot of money is that they don't have patience. In the Crypto world when they invest don't do research but only follow. Like when many people make panic sales because they hear negative news and don't want to know whether the news is true or not. We must be patient so that the mind can think well.

[rricksu]

A lot of folks do not understand what it means to the patient, most especially when it comes to cryptocurrency. Crypto is not a ponzi, where you just come in with the mindset of rushing out. Which is why many fall victim of scam projects and shit coins.
When you want to invest into any project, no matter how attractive it might look superficially, take your time to study it. Know the intent of the project and the team behind it.
Whatever you do not understand about a project, ask on their social media. Most times, telegram is used as a channel for open communication. So ask questions until you are satisfied.
Therefore, patience is key, because every other factor (intelligence, smartness, astuteness, experience, name it) will look useless if not taken into cognisance.
Thanks.

So, basically people are thinking about crypto as a quick poor to rich platform. Another thing is that, many people are using the name of bitcoin and altcoin for a networking and eventually turns out to scam other which is quite affects the reputation of cryptos.