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Author Topic: your patience is being tested  (Read 5592 times)
tambok
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October 29, 2019, 04:40:33 AM
 #301

I sold most of my altcoins with a small loss but compensated with a profit from other coins. But so far there are many altcoins left in my portfolio that have stopped moving forward. I hope that someday they will resume their activity or someone will buy their smart contract.

the way you do it is good because it converts on coins that do not have a good volume. and if you have several tokens that don't have volume I think forget it because it will be difficult for them to rebuild and compete in the market. maybe just a few times to check, but don't expect more for coins like that

It's okay, let us just take it as a lesson learned, I have been depressed too, I earned $20k from a token I am holding but thinking it will be $100k then it dumped and never returned, so the price now is only $2k, this was the biggest lesson in my life, I have move on so far and told myself not to expect much of it.
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October 29, 2019, 05:12:40 AM
 #302

I sold most of my altcoins with a small loss but compensated with a profit from other coins. But so far there are many altcoins left in my portfolio that have stopped moving forward. I hope that someday they will resume their activity or someone will buy their smart contract.

the way you do it is good because it converts on coins that do not have a good volume. and if you have several tokens that don't have volume I think forget it because it will be difficult for them to rebuild and compete in the market. maybe just a few times to check, but don't expect more for coins like that

It's okay, let us just take it as a lesson learned, I have been depressed too, I earned $20k from a token I am holding but thinking it will be $100k then it dumped and never returned, so the price now is only $2k, this was the biggest lesson in my life, I have move on so far and told myself not to expect much of it.
You should not rely on your emotions and you do some evaluation about the token or the project that you have joined. You should always keep up on updates so you will not miss any opportunity or any news that may affect the price. Don't be lazy and just sit back because it is all about paying attention and having patience in terms of investing and holding. Better luck next time.

 
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Rodeo02
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October 29, 2019, 05:57:02 AM
 #303

I sold most of my altcoins with a small loss but compensated with a profit from other coins. But so far there are many altcoins left in my portfolio that have stopped moving forward. I hope that someday they will resume their activity or someone will buy their smart contract.

the way you do it is good because it converts on coins that do not have a good volume. and if you have several tokens that don't have volume I think forget it because it will be difficult for them to rebuild and compete in the market. maybe just a few times to check, but don't expect more for coins like that

It's okay, let us just take it as a lesson learned, I have been depressed too, I earned $20k from a token I am holding but thinking it will be $100k then it dumped and never returned, so the price now is only $2k, this was the biggest lesson in my life, I have move on so far and told myself not to expect much of it.
I am very sad to your story you should sell it at 20k$ or at least half of it and you can hold the other half . If you just get it free don't expect to much and increase the price base on your expectation not all the time will be in favor to you.
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November 03, 2019, 03:36:39 AM
 #304

It's okay, let us just take it as a lesson learned, I have been depressed too, I earned $20k from a token I am holding but thinking it will be $100k then it dumped and never returned, so the price now is only $2k, this was the biggest lesson in my life, I have move on so far and told myself not to expect much of it.
I am very sad to your story you should sell it at 20k$ or at least half of it and you can hold the other half . If you just get it free don't expect to much and increase the price base on your expectation not all the time will be in favor to you.
Stories like that are very common, think about all the people that bought bitcoin in 2017 and thought they were going to be rich when the market was growing up every day.

And then the market began going down and instead of selling their coins they kept holding thinking the market will keep growing only to be completely crushed when the market crashed during the entire year of 2018, the truth is that you need to be prepared and have a stop loss ready in case you need it.
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November 03, 2019, 03:45:05 AM
 #305

It's okay, let us just take it as a lesson learned, I have been depressed too, I earned $20k from a token I am holding but thinking it will be $100k then it dumped and never returned, so the price now is only $2k, this was the biggest lesson in my life, I have move on so far and told myself not to expect much of it.
I am very sad to your story you should sell it at 20k$ or at least half of it and you can hold the other half . If you just get it free don't expect to much and increase the price base on your expectation not all the time will be in favor to you.
Stories like that are very common, think about all the people that bought bitcoin in 2017 and thought they were going to be rich when the market was growing up every day.

And then the market began going down and instead of selling their coins they kept holding thinking the market will keep growing only to be completely crushed when the market crashed during the entire year of 2018, the truth is that you need to be prepared and have a stop loss ready in case you need it.
Most amateur investors join the surge train of Bitcoin in 2017 because they might have heard it from friends and family members without actually knowing much about crypto and how the market works. Hence, it is clear that most of them did not know the strategy of stop loss when the need arose. In the same way most of them joined through FOMO, some sold through FUD when the price started dropping and this was what caused the further drop in price of Bitcoin in 2018 - the reason for the long bear market in 2018.

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akmal1984
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November 03, 2019, 05:16:47 AM
 #306

If indeed I really need money, then I will go into the market and sell it immediately no matter whether the price of the coin is rising or falling. But if my financial condition is good, then I will hold back until the price is a little more expensive. This is indeed not easy because they have to fight the fear of whether prices will fall further.
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November 03, 2019, 05:51:35 AM
 #307

It's okay, let us just take it as a lesson learned, I have been depressed too, I earned $20k from a token I am holding but thinking it will be $100k then it dumped and never returned, so the price now is only $2k, this was the biggest lesson in my life, I have move on so far and told myself not to expect much of it.
I am very sad to your story you should sell it at 20k$ or at least half of it and you can hold the other half . If you just get it free don't expect to much and increase the price base on your expectation not all the time will be in favor to you.
things like this seem to have happened from 2017 until now. I think I understand what you think. when we see prices continue to rise, we will think that they will last forever. I also thought the same thing and held altcoin in my wallet. however, when prices began to decline, I felt that it was my mistake. because of that, until now, I didn't want to miss an opportunity when I could take advantage of the altcoin or crypto.
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November 03, 2019, 06:04:47 AM
 #308

If indeed I really need money, then I will go into the market and sell it immediately no matter whether the price of the coin is rising or falling. But if my financial condition is good, then I will hold back until the price is a little more expensive. This is indeed not easy because they have to fight the fear of whether prices will fall further.
I think the trading method that you do is very terrible because when you are trading you should have already distributed money for trading and for your finances, if you need money then you can find a job that can give you extra income because if you are in need of money and the price of coins in the market is falling then it's only a loss that you get, so my advice save your cryptocurrency assets as best as possible for your future.

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November 03, 2019, 06:17:07 AM
 #309

If indeed I really need money, then I will go into the market and sell it immediately no matter whether the price of the coin is rising or falling. But if my financial condition is good, then I will hold back until the price is a little more expensive. This is indeed not easy because they have to fight the fear of whether prices will fall further.
Very good advice because as investors must be clever in reading and taking advantage of every opportunity we will get and before investing in crypto currencies of course investors must understand and understand with all the risks that will be obtained and with these risks of course investors must have confidence and patience that big enough to invest
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November 03, 2019, 06:25:27 AM
 #310

If indeed I really need money, then I will go into the market and sell it immediately no matter whether the price of the coin is rising or falling. But if my financial condition is good, then I will hold back until the price is a little more expensive. This is indeed not easy because they have to fight the fear of whether prices will fall further.
In my opinion, your financial management is quite bad because you do not know how much income and allocation for investment. don't force yourself to invest. later we will not actually get profits but losses. when the market goes down and you need money and then sell it? I don't think it is optimal and you have to learn again about investing

Before invest on something, we have to estimate how much our income, even if we're not an employee or the one who have salary. Just estimate it from our income before.
And before investing in crypto we have to really know what we coin we will investing because investing in crypto is high risk. And also make sure we just invest money that we can afford to lose.
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November 03, 2019, 10:22:23 AM
 #311

When the state of the market is testing me, here is the importance of the mental state, because an unstable market will test mentally. Trading is not just a matter of profit and loss, but the need for a mental state that is ready to face it all. A good solution so that all goes according to plan is to determine what type of trading you want to use, namely Short term, Mid term or Long term. The longer we hold our assets, the more we play mentally. Stay away from cut-loss that will waste our money. It's better to be patient until our target is reached, and don't forget, we must have a reserve fund for emergencies.

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November 03, 2019, 10:37:14 AM
 #312

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.

yes, as a good crypto investor we must be able to utilize the situation of the crypto market well. of course we must have patience, not greed and good financial arrangements. when the bear market happens and I have money I will buy but if there is no money I choose to hold on and wait for the market to pump again. the crypto market is very volatile so we must be good at looking for every opportunity. and most importantly investing in cryptocurrency does require patience and we must also learn before deciding to invest.

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Bitbtc8
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November 03, 2019, 10:39:08 AM
 #313

Apart from trading i don't see any good firm of making money in crypto now, every single coins you invested in are not giving good return now and you might have to hold longer, if you decide to take out your money you are already in loss so you will be forced to hold your coins

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Brunus
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November 03, 2019, 11:13:41 AM
 #314

Everything that has to do with the crypto appears very frustrating, because the usual financial techniques do not apply, and the technical and fundamental analysis are practically useless: I do not know how to justify the last jumps in a rational way, they are only the result of mysterious speculations.
However, this is what makes it fun, so there's no point complaining.

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Davian144
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November 03, 2019, 11:40:56 AM
 #315

Apart from trading i don't see any good firm of making money in crypto now, every single coins you invested in are not giving good return now and you might have to hold longer, if you decide to take out your money you are already in loss so you will be forced to hold your coins
Holding a coin for a long time also will not guarantee to be able to get a good profit, because everything we invest through coins today, is very dependent on good market conditions, because if the market conditions do not improve, it will also be difficult to get profits.
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November 03, 2019, 11:46:19 AM
 #316

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.

If you know how the market performs and you study the market since the beginning you will find out that patience is the key to making a profit, we have a very long bear market, and just moving out to be a better market condition so if happens to sold all your shares in the bear market, you'll definitely be going to regret it, our patience is indeed being tested and it's up to you how you can bear the market.

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bitzizzix
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November 03, 2019, 11:54:07 AM
 #317

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.
Engaging in cryptocurrency must have strong patience and be mentally prepared when the market goes down, and maybe if we experience it the first time it will definitely feel stressed or panicked, but it will be a valuable lesson when a situation like this happens again.
my experience is letting the market move as it is, and I have to realize that cryptocurrency is very volatile and if I have capital maybe I will make a purchase and if I don't have capital, holding back is the last resort and I will wait patiently until the market goes up again.


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DU18
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November 03, 2019, 11:59:14 AM
 #318


If you know how the market performs and you study the market since the beginning you will find out that patience is the key to making a profit, we have a very long bear market, and just moving out to be a better market condition so if happens to sold all your shares in the bear market, you'll definitely be going to regret it, our patience is indeed being tested and it's up to you how you can bear the market.
Patience is one of the key factors for crypto traders to succeed, traders must be patient not only when waiting for the opportunity to open a position, but also after your position has been floating, now these are usually novice traders who often panic and are impatient so that most novice traders will rush entering the market without actually doing a thorough analysis of the opportunities for price movements.
And a professional trader will be patience waiting for prices to meet the conditions of their trading strategy, before placing an order.

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November 03, 2019, 11:59:51 AM
 #319

I continue to look for strategies to trade if I lose an investment, or prices go down. There are many good and clever ways in cryptocurrency to stay up if we get a loss.
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November 03, 2019, 12:14:49 PM
 #320

We've been tested long enough, our patience has its own limit. But we can't do anything except waiting for the very right moment.

Well, I've been doing day trading with some alts. And the alts in my bag that have been dropped too much, either I hodl it or I've cut loss them.
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