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Author Topic: your patience is being tested  (Read 5592 times)
UniversityCoin
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October 13, 2019, 12:29:05 PM
 #241

I was out for a while and also every time I trade I always set an alarm so that I can make sure that I don't lose a lot, I always set a limit of what% I will lose and win, it prevents you from acting stupid, greedy, and no targets.
people who just keep a few coins usually hold for a long time even after losing 30% of their assets and hope it will improve even though that is not necessarily the case.

In order to worry less and do not constantly check your bets on the exchanges, you need to trade where it is possible to set stop orders. This option allows you to not worry about losing money and stay calm all the time.
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October 13, 2019, 02:04:28 PM
 #242

as we can see that the market situation is getting worse and most altcoins haven't seen significant price growth yet, but I am surprised that the current rise in bitcoin prices does not affect other altcoin increases, this is not what I normally think. but whatever it is we must be patient in waiting until the market situation is stable as before again.

There is nothing we can do for now is to wait patiently, there is no instant money and there is no magic in crypto, especially most tokens are manipulated, even Bitcoin. So, for this year, we don't have assurance and guarantee if Bitcoin will reach another ATH or ATL, so better to read news and cyrpto trading analysis from experts to know their opinions about this matter.

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October 13, 2019, 05:13:20 PM
 #243

If you want to ask me how my patience in crypto you can check with history of many kind altcoin in my wallet still keep holding, I am very patience faced with cryptocurrency with many altcoin invested have lower price but I keep holding and wait when price back to higher, I have hold many altcoin more than one until two years hope price back to normal and higher from first I invested, I trusted with my altcoin assets come back to higher price again in the next time.

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October 14, 2019, 03:01:53 PM
 #244

I have a few alts that I bought like a few months back and they have decreased in their prices, but I still believe that there prices will increase eventually and I am not going to just throw them off. Most of the newbies have already sold their coins because of the sudden fall in prices, but I know that the alt coins will recover, if not this year, then surely next year.
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October 14, 2019, 06:51:17 PM
 #245

when patience is being tested,
what are you doing in this market, is your routine still the same as usual or change other options?
It's the same rather than I would trade on less famous coins such as newly traded on exchanges or even try my luck on yobit if I have yolo mental :^)
Yes my patience is being tested, but if you don't do anythng that's not a good idea either.

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October 14, 2019, 08:47:43 PM
 #246

For expert traders any market condition won't hinder they ways they make profits but for new traders like myself i have to place my bets only when bitcoin market is bullish, the best time to make big from trading is bullish time because thats the only time you can predict market movement
Not true, regardless of your experience level you cannot make profits if the market does not move, this is the first thing that you learn as a trader, so if the market has very little movement then no one can profit from it, what expert traders do in those situations is just to stay out of the market until they see evidence this is about to change, this way they save themselves a lot of money that they can later use to trade the markets, this is very different than what the newbies do since they trade the markets despite the lack of movement, losing money they did not needed to lose.
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October 14, 2019, 09:17:41 PM
 #247

Indeed the patience is being tested every day as we all wait for the sunny days to come into the crypto market but so far the bear won't let the clouds go away making some of us loosing patience but not my case. I know that for those who bought during the bull run the patience is testing them at higher levels but we're all in the same boat guys , just wait and forget about the price , accumulate as much as you can and I hope everything will be okay for next year.

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October 14, 2019, 09:26:36 PM
 #248

Indeed the patience is being tested every day as we all wait for the sunny days to come into the crypto market but so far the bear won't let the clouds go away making some of us loosing patience but not my case. I know that for those who bought during the bull run the patience is testing them at higher levels but we're all in the same boat guys , just wait and forget about the price , accumulate as much as you can and I hope everything will be okay for next year.

This makes sense to me, although holding sometimes is not favorable. I accumulated DENT and NPXS at dips and decided to hold long term since there was at least development updates with those projects. Unfortunately for me, the price of those coins keep dumping with time. Sometimes I ask myself if development updates from projects don't contribute to price spikes anymore? Well, let me keep holding some coins on my portfolio at dip for long term and see how it goes.
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October 15, 2019, 01:49:19 AM
 #249

investing in cryptocurrency does require patience. because we don't know when coins will go down and up. when market conditions like this I choose two ways, namely investing long-term and short-term. I use bitcoin for a long-term investment in bitcoin. and I use altcoin for short-term investments. although the benefits from short-term investments are small. but if done continuously will accumulate a lot. than we just waiting for bitcoin to go up. we better make short-term investments.

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October 15, 2019, 02:44:48 AM
 #250

in that situation I often look for other routines and leave the market, because if I'm still in front of a PC it will only make me nervous and only want to sell assets at a low price,
sometimes I even go on vacation, this usually makes the emotions better if the market is in a state of collapse.

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October 15, 2019, 02:54:22 AM
 #251

in that situation I often look for other routines and leave the market, because if I'm still in front of a PC it will only make me nervous and only want to sell assets at a low price,
sometimes I even go on vacation, this usually makes the emotions better if the market is in a state of collapse.
Controlling yourself can indeed be many ways. starting from not to open the market too often or with holidays. many ways that can be done when we are under stress due to a decrease in trading or digital assets that we hold actually dropped quite large. in this condition we must remain to think clearly

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October 15, 2019, 02:58:04 AM
 #252

in that situation I often look for other routines and leave the market, because if I'm still in front of a PC it will only make me nervous and only want to sell assets at a low price,
sometimes I even go on vacation, this usually makes the emotions better if the market is in a state of collapse.

Same case, usually I uninstall my apps for tracking my portfolio since the tendency is to do a panic selling to avoid occur a greater much loss but sometime in stead of lowering the loss money it is loss forever cause the tokens sold eventually pump and you miss the train again to sell it on that price cause nervous come first with you ans emotionally do things you thought its best.
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October 15, 2019, 03:25:08 AM
 #253

when patience is being tested,
what are you doing in this market, is your routine still the same as usual or change other options?
selling at a low price is the same as selling a loss, and that is not a good solution. if you are a market player, you will know how to survive or take advantage of the market in any condition.

I am more of a long term holder, and I have converted most of my altcoins and tokens to BTC/ETH. So all these fluctuations don't matter for me. But I am also not holding on to all of my coins. I am offloading small fractions at regular intervals (irrespective of the price). I am holding BTC for almost 6 years and my opinion is that time has come to sell at least some of my coins. I will be holding on to the vast majority, but I would say that there is nothing wrong in selling some 10-15% per year.

And from my experience, I would say that selling at a low price is not the same as selling a loss. Because you don't know about the future prices. Most of the time, you expect the prices to go up, so you are not prepared if the prices go down suddenly. And this has happened to me earlier. First in 2015, and then again in 2018. So if someone tells me that I should not be selling my coins at 8K levels, I'd tell him that a few months back the prices were around 3K and the current levels are much better when compared to that.

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October 15, 2019, 04:01:26 AM
 #254

Patience play a very important role in all cryptocurrency dealings. With cryptocurrency investment, one cannot do without patience because the trend of a project or coin on the market is not always a one way upward movement. It comes in a wavy pattern hence it crawls gradually before it makes a huge surge. This is why it is very essential to exercise patience and wait for some coins to rise as they crawl gradually through their development.
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October 19, 2019, 08:12:23 AM
 #255

I feel like my patience is tested when I see there is no movement in the market. This happens also when I do not get the reward I deserve for months, it make me really sick. Usually these days market is going up and down so it gives us some profit opportunities. We should not just wait BTC to move up, we need to trade altcoins instead go make some profit.
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October 19, 2019, 10:45:05 AM
 #256

Indeed the patience is being tested every day as we all wait for the sunny days to come into the crypto market but so far the bear won't let the clouds go away making some of us loosing patience but not my case. I know that for those who bought during the bull run the patience is testing them at higher levels but we're all in the same boat guys , just wait and forget about the price , accumulate as much as you can and I hope everything will be okay for next year.
Although it is true that we must now be careful when investing in the cryptocurrency market analysis and also about the target everything must be clear we certainly do not want to be wrong in making decisions. because today too many people lose due to rush in investing

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Shasha80
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October 19, 2019, 11:01:33 AM
 #257

Not all of people who have high patience are becoming successful. Your patience should have combination of a right coin where its value will go up. Your patience will be nothing if you hold shitcoins.

I agree with your opinion about patience does not always make people successful. Other factors need to be supported, such as ways
choose altcoins that have the potential for the future. Very true if the coins we choose are shitcoins, it is true if that's the case your
patience will be in vain. Therefore patience is not the only key to success, but patience and smart can deliver success.

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October 19, 2019, 11:31:43 AM
 #258

Not all of people who have high patience are becoming successful. Your patience should have combination of a right coin where its value will go up. Your patience will be nothing if you hold shitcoins.

I agree with your opinion about patience does not always make people successful. Other factors need to be supported, such as ways
choose altcoins that have the potential for the future. Very true if the coins we choose are shitcoins, it is true if that's the case your
patience will be in vain. Therefore patience is not the only key to success, but patience and smart can deliver success.
patience and proper money management are the perfect combination. if a person is patient but has no strategy, then there is no sense in his patience and in the same way if he has a strategy but no patience - he will not be able to follow the right path

sapnu
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October 19, 2019, 11:36:24 AM
 #259

when patience is being tested,
what are you doing in this market, is your routine still the same as usual or change other options?
selling at a low price is the same as selling a loss, and that is not a good solution. if you are a market player, you will know how to survive or take advantage of the market in any condition.
When it comes to my strategy, it depends on the crypto I am investing with. If I can see it as a strong currency, then I would not choose any other option, I would stick, wait and be patient on it since I have my faith on it. I understand why you consider selling loss as the same with selling in low price and that shouldn't be tolerated if you are looking for great profits. If you want to gain much, wait and make sure that your coin is good enough so it would be worth the wait.
key4co.in
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October 19, 2019, 11:38:20 AM
 #260

Not all of people who have high patience are becoming successful. Your patience should have combination of a right coin where its value will go up. Your patience will be nothing if you hold shitcoins.

I agree with your opinion about patience does not always make people successful. Other factors need to be supported, such as ways
choose altcoins that have the potential for the future. Very true if the coins we choose are shitcoins, it is true if that's the case your
patience will be in vain. Therefore patience is not the only key to success, but patience and smart can deliver success.
patience and proper money management are the perfect combination. if a person is patient but has no strategy, then there is no sense in his patience and in the same way if he has a strategy but no patience - he will not be able to follow the right path

This makes much sense, Patience goes with proper strategy, if not its baseless. For instance, if you decide to buy a coin because you think price has dumped to the core,  with zero project development and obvious  fake team , without doing research before you buy in, holding for years will be a total waste of time. Being patient in this situation doesn't worth it.
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