Hold on to patience even when it feels like wearing off

[Doranile432]

Altcoins seem to be the ones taking the hits of negative results and they are not encouraging, i know its not a good time for every altcoin holders, the question you all need to be asking yourselves is how long will altcoin market keep declining? will it take forever cos nothing last forever, patience is all you need, if its not enough to calm you then look for other ways to sustain yourself for a while, do not run because of present condition cos it doesn't justified tomorrow. For whatever is going to turn out good will first go sideways.

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[jazmuzika217]

From the start we all know that this is the nature of every crypto. It has a very unstable price value that every time will change and we can say that altcoin is in the down stage now but if we are really know how to use this situation it is not a problem because you can consider it as a good thing as a altcoin holder,you can buy now and hold it and wait for the right time that the value will ruse before you sell it.

[BRODIN]

why do people always think patience is the key? I think patience in no way returns the situation back to normal. what you have to do is change your mindset going forward and find a gap to balance when the market is in a bad situation.

[livingfree]

Do you think there's a way to know on how long this decline will last? no can do. And if somebody who's been relying wholly to crypto is on a lose right now, don't depend on one single source of income.

Explore more about other sources which you can depend so if the other source starts to get weak, you won't be that much affected. Increase your ways of earning and you won't feel bad when the market is still dipping.

[ribowo76]

I think I agree with Livingfree, when the altcoin market hasn't shown signs of improvement.  We must try to find other alternatives for our source of income.  Because, it is as an anticipatory step.  So it doesn't get stuck in this uncertainty for too long

[criket]

many people consider being patient and holding their assets that are in decline is the right step to wait for the value of their assets to return. just like that will make your money trapped in investments that do not know when to get back.
the market gives us the possibility of making a profit on daily trading. improve capabilities and start new things, we have to keep going even though the market is in a bad state.

[crypthough]

Patience is important, but if the project is nearly dead and is barely alive, you can wait a decade and the price will not grow. If the project is solid, has a use case and a good team and you are sure after your research that the project has good chances to be successful than patience is the right strategy. But never put blindly your money in a project and just wait. Observe the project, check social media and check the process of the road map.

[disconnectme]

I think it is better people stop putting timeline on when Altcoin will rebound and give the type of return we saw in 2017 and early 2018, people are still not very confident holding on to their Altcoins that is why the selling pressure is more than the buying pressure, what we saw then was that people are very confident holding unto them  but now after ICO/IEO people move their tokens to exchanges looking to cash out at the earliest possible time

[TheICE007]

Presently I don't think there is anything we can do that to be patience, the rate of dip for altcoin is hear breaking, but like we understand how the space works, is to keep holding and hope there will be a surge for crypto,could be next year, anyway, crypto is unpredictable .

[leowonderful]

There's a time to be patient, but there's also a time where you've got to accept your losses and cut them while you're still ahead. While it can be good to indefinitely hold coins, you should also be considering setting a price at which you'll cut losses and sell off a certain percentage (or even all) of the coins or tokens you're holding. Alts can rise extremely rapidly, and they can also drop in price extremely rapidly and you should be considering this whenever you're investing in any sort of cryptocurrency.

[Bananington]

Patience is relevant in crypto investment generally. It's good to be sure of the altcoins you hold for long term so that when you are being patient, it will worth it in the long run. Being patient for holding coins with zero development progress doesn't make any sense, it's essential to have good reasons for holding and that's what I call taking calculated risk.

[nxnqauff]

Patience is key for any investments. But cryptos need to prove this statement. One who invested in crypto when it was in peak year would not agree with this. However, if somebody started way earlier, then they would still be in huge profits.

[rhodelmabanal]

From the start we all know that this is the nature of every crypto. It has a very unstable price value that every time will change and we can say that altcoin is in the down stage now but if we are really know how to use this situation it is not a problem because you can consider it as a good thing as a altcoin holder,you can buy now and hold it and wait for the right time that the value will ruse before you sell it.

It feels like I am having a nose bleed one of these days in the month of September, the price was drastically going nowhere to find it good. Market wasn't able to have the desired momentum, since volatility always dominated the current situations. Only my determinations has made me strong in facing the recent struggles.

[Bonwin]

Altcoins seem to be the ones taking the hits of negative results and they are not encouraging, i know its not a good time for every altcoin holders, the question you all need to be asking yourselves is how long will altcoin market keep declining? will it take forever cos nothing last forever, patience is all you need, if its not enough to calm you then look for other ways to sustain yourself for a while, do not run because of present condition cos it doesn't justified tomorrow. For whatever is going to turn out good will first go sideways.

This looks encouraging and of course I reckon with it, but the fact remains that when it comes to altcoins extreme caution nerds to be taken, else, you will find yourself losing continuously, until you are able to learn from your mistakes. However, some altcoins are already making headway in diverse forms. Why? Because they are giving what it rakes to be recognized and be sort after.

[TastyChillySauce00]

Altcoins seem to be the ones taking the hits of negative results and they are not encouraging, i know its not a good time for every altcoin holders, the question you all need to be asking yourselves is how long will altcoin market keep declining? will it take forever cos nothing last forever, patience is all you need, if its not enough to calm you then look for other ways to sustain yourself for a while, do not run because of present condition cos it doesn't justified tomorrow. For whatever is going to turn out good will first go sideways.

This is really wrong and patience is not the key but we have so many chances to do various things to get profits from the market. can you expect when the declining trend will be ended? I guess you can't expect that because that was unpredictable.
So many people have created a similar thread like this one.
What do you need is how you can use that chance with your best. It's not always about patience as the key.

[Reid]

Been patient for quite some time by now.

We have seen bitcoin plunged and then resurrected but not with altcoins. There is not much happening with it anymore even if their roadmap is being done.
Looks like the buyers are also getting pessimistic and it is not a good thing.

I just took some in my portfolio then invested it again with bitcoin.
There are some loss but dont really care much anymore.

[dataispower]

I totally agree with this post, patience is very necessary to excel in crypto. If you do your research properly and decide to hold a coin for long term, even when the coin dumps and the project development still continues, do not be so fast to dump. Provided there are updates giving hope to investors, someday there should be a price  uptrend for that coin.  From experience, the patient always win in the long run.

[Capt00]

Looking how the market goes off and on, we must have to stay calm and patience. Though it is not the only thing we must have to but this is the most important and a vital thing when investing in a volatile market.
Either we like it or not,  this is how actually the market behaves and patience will help us to stay calm. But of course, we have to do something and not just sitting in a rocking chair.

[Kemarit]

Altcoins seem to be the ones taking the hits of negative results and they are not encouraging, i know its not a good time for every altcoin holders, the question you all need to be asking yourselves is how long will altcoin market keep declining?

How long is just an overstatement. The long bearish trend started around March of 2018, so it's been like more than a year of declined and seeing our portfolio lose along the 60%-90%. So it's really difficult for altcoins holders seeing this kind of decline in the market.

will it take forever cos nothing last forever, patience is all you need, if its not enough to calm you then look for other ways to sustain yourself for a while, do not run because of present condition cos it doesn't justified tomorrow. For whatever is going to turn out good will first go sideways.

Definitely it won't take forever, the problem is that there's no more money coming in. All money is in the Bitcoin market because obviously it's dominance balloon to 70%. So if you are willing to suffer a lost today and liquidate your altcoin then it's your decision specially if you don't have the patience to wait the end of this disappointing bearish trend.

[Viscore]

Looking how the market goes off and on, we must have to stay calm and patience. Though it is not the only thing we must have to but this is the most important and a vital thing when investing in a volatile market.
Either we like it or not,  this is how actually the market behaves and patience will help us to stay calm. But of course, we have to do something and not just sitting in a rocking chair.

This is the reason why we need not to focus on a single source of income because if this will continue declining its price, we will not be making profits anymore. Invest into some other potential coins too particularly bitcoin because this is the most profitable and trusted coin for now. If we really want to have good earnings in crypto, we should be more educated because there's a lot of resources in crypto wherein we can make them as a source of income.