Patience: The key factor to succeeding in the crypto space

[Nggedebus]

I also believe if patient is one of many important reason to gain what we wish in crypto world. But another reason would be to always looking for any news about cryptocurrency, cause any little news about it could flip the market of crypto.

[oppo070]

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.

Basically, patience is just a key factor to success, what really matters is the capability of someone to gain profit even the market is too long to provide some. There are ways to earn not just waiting for a bull run, we all have talents and these might be the instruments to have job in order to be successful in the world of cryptocurrency.

[Abosede]

It takes patience and hard work to succeed in crypto sphere.The nature of crypto requires alot of research here and there with patience, you don't come into crypto sphere and just want everything to happen just like that you need to do a lot of studies,make a lot of research,learn from both expert and history,also do some analysis on your own to have better understanding of the market, then you can begin to make decision, above all,patience is the key.

[Igor.J]

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.

And even all these cautions do not give a full guarantee to be not deceived. But in some aspects now it is really possible to calculate the future or the possibility of the outcome of the project.

[KnightElite]

Which is why many fall victim of scam projects and shit coins.

actually you are wrong. Patience is the reason why so many are falling victim of scam projects. they are fooled into believing that if they buy and "bag hold" but call it patience then they will make a lot of profit. whereas in reality they are bag holding and losing money as prices continue to fall.

altcoins are mostly pump and dumps. when you buy into the pump you must sell before the dump begins or you will end up losing 80% or 90% of your investment. just ask thousands of newbies who have been losing that much in the past 9 months because they had "patience"!

Couldn't agree more with this statement, but this usually applies to ICOs, not to regular cryptocurrencies that have decent community development going on.
I've seen so many people who keep promoting projects, while they obviously have no intention of releasing any sort of product.

A lot of these ICOs are just quick money grabs and will disappear once they have their funding.

Exactly, there are only few ICOs that are promising and most of them are worthless investments. They will not improve their products after they grab the money of investors. They will just disappear like nothing happens.

[wongdeso]

Indeed, if you want to invest must be observant and ask as much detail as possible so as not to get caught up in fraud. But now fraudsters are more skilled than investors, so they need to think wisely and be more careful and patient to get the best.

[chipzeru]

Patience is indeed one of the key to success in investment but not everything always work like that. There must be a project that you believe in its future but the price continuously fall even turn into scam or failed. I remember when my friend sold all his evn as envion started having issues in order to avoid bigger loss.

[Colan Zolo]

Patience is the key to success, but many say patience has its limits, so be patient to find the right decision, patience to be able to determine both bad and profit and loss. So patience must also think of the right time for satisfying results.

[clololck]

Not necessarily patience, but this may be the most important factor when the cryptocurrency market is in a downturn, but there is no way to replicate it. Wisdom, savvy, and experience are also very important. And luck is also very important when the market is down.

[cryptobae10]

I think frankly
Everyone knows that a little patience would fetch them a lot of money
But nothing can be done when you are down broke and in desperate need of fiat, it forces even the strongest of hands

And it’s just really that way sometimes

[Supercrypt]

Not necessarily patience, but this may be the most important factor when the cryptocurrency market is in a downturn, but there is no way to replicate it. Wisdom, savvy, and experience are also very important. And luck is also very important when the market is down.

You are just contradicting yourself. Even you will be having wisdom and experience, when you are not patience enough you may quit the markets earlier, it is also another kind of losses because you will be missing out a big chances of making good profits. Being patience might be having different scenarios for different cases but overall you need to be patient enough when the market is not doing well. You must wait for the tide to be turning in your favor.

Everyone knows that a little patience would fetch them a lot of money

This is the case of most of long-term bitcoin holder. They were not becoming greedy nor not getting panic when the positive and negative markets were happening time to time. They just decided to be patience and waiting for the right time to book their maximum benefits. It is a proven fact that holders alone making the maximum benefits compared to active traders.

[george_hured]

Of course, patience is really a very cool skill, but you understand that a very small number of people own this skill today. As well as the ability to analyze. All this in explicit form works very hard together.

[rdewilde]

Patience will be appropriate in some cases, if you don't recognize the problem and continue to be patient, you will lose everything or take a lot of time to get your money back to your wallet. You must know when to cut losses and when to hold them

[Ini35]

I appreciate your kind words and advise, but i would say that the word patience was very easy to exercise in year 2017, but 2018 crypto experience made it more difficult. It was in that same year you would see some projects prolonged than the planned time. Projects were spending more that 6-8 months to run ICO, paying was a difficult process for them and they were not listing on time.
Well, this is the time to test our individual level of patience.

[dabenko]

Patience is a good attitude needed truly, but such attitude should not make you to close your eyes or give yourself false hopes on some things. There are times that some swift actions need to be taken. Take for instance, you notice that there might be a bloodbath and you are still holding, if care is not taken, you might not see that price again.

[yingfeng]

Yes, patience is the most important thing when investing. Even if you found a great project. The team can sometimes have problems with development. You must be prepared to stick to the project. But not many know how to wait. Many investors panic.

[Korkorjkk]

I know a lot of people who have regretted selling their coins a little too early,  they always say if they had waited a little while,  they will definitely make profit but they didn't wait.  So patience is a very important virtue.

[dizzy1996]

I agree with your opinion about patience, since the cryptocurrency market is not in a better position now and the situation has not shifted from place to place, but you should understand that this is all a temporary market will recover and everything will be fine, but at the moment many do not believe in crypto

[durudara]

I think wherever we decide to invest the key to success is to be patient because basically investing is for the long term but in crypto many people are greedy with the crypto price condition that is not as stable as its movement, therefore many new players fall into failure because they were too panic and not patient in investing in crypto. and in the end, the person who is patient and believes in crypto is the winner.

[Gabmot]

Patience!!! I totally agree to this summation of your. All efforts without providing a template for patience to run it's course will definitely ends up in agony and frustration. Hence,  no matter,  how enterprising one's plan(s) may, it's expedient patience is giving it's own due space.