Patience isn't everything

[Fredomago]

When I was still a newbie to crypto many people told me to keep holding and that's all I did for many years and in the end I ended up with many dead coins, whenever I keep seeing people talking about patience as if it's the only thing a newbie need I always shake my head, the fact is you need more than patience to get good results from projects, having patience sometimes will get you nothing

People were not wrong when they advised patience in the crypto market but I think they should have clearly told you "Bitcoin Market" because bitcoin and altcoins are two very different and separate markets where on one hand bitcoin is going to rise in the long term, altcoins will mostly die in the long run apart from big ones like ethereum.

Holding bitcoins for years has been only beneficial for all the investors but holding altcoins is the worst possible strategy because there are more than 100 coins I have bought and sold and almost 90% of them have vanished from the market in the last few years, not literally as they do exist, but no one buy them now. One such was doge until Mr. Musk decided to put some air into the dead market.

I get the point with seperated entities, Bitcoin already have support from big institutions and with more big businesses and well known institutional investors, the trend of rising is more likely to happened again and again. It may take some corrections and may continue to work with rise and fall but eventually it will bring huge profits to anyone who can wait.

Maximizing your profits using Bitcoin as your major asset is fruitful, unlike with alts which the majorities died along the way, do your research and don't stop learning. keep your patience with you and you'll see more clearer overview of your success.

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[Dragonfund]

Been patient doesn't mean it might turn out good. The often phrase "patient dog eat the biggest born" isn't subjective to anyone or occupation but it's a perquisites in every aspect of life. It's a need that must be included in everyday activities and part of life.
Take trading for instance, taking a long position on Ethereum when the price was around $600 requires lots of patience and does who really wait have benefits from the action but again taking a long position on the same Ether when the price was around $1800 would have been a great mistake. The trader would have thought the price may go up more but seeing how the market turns out will be so hurt right now.
In conclusion, it depends on when you used it.

[DoublerHunter]

It's true that patience is the key to success when investing in cryptocurrency. Because how many people regret cutloss their coins when the price drops,
as a result of not being patient waiting for the price to rise. Or many people regret selling their coins too early. In conclusion, exercising patience is
one thing that must be done to succeed in the crypto world.

^ To tell you this, not all coins deserve to wait and have patience, because there are some coins that not worth it to wait and the reason is they don't have the potential to grow or something to become a dead project. If that is the top 10 cryptocurrencies and includes BTC, probably I will consider the word Patient and wait at the right time and get profit. Newly launched projects are very risky when they will hit on exchange and did not recover from those dumpers, they become a shitcoin or even dead coin that no longer value in the market.

[justdimin]

It's true that patience is the key to success when investing in cryptocurrency. Because how many people regret cutloss their coins when the price drops, as a result of not being patient waiting for the price to rise. Or many people regret selling their coins too early. In conclusion, exercising patience is one thing that must be done to succeed in the crypto world.

I had a friend like that who invested 10k when the price was 20k back in the day, and he got out when the price reached to 8k as well, so he had like 4k left in return, if he kept his money he could had over 30k in return in 3 years, and there are very few things in life that could turn 10k into 30k in that quick of a time, usually you could make 10k into maybe 15k and I don't know if you are lucky you could turn it into 20k at the very best chance and that is why it is incredibly if you could do that, but if you turn it into 10k to 30k that would be awesome.

But at the same time, we are in a situation where it is dropping so I do understand what people are going through as well, I know that people are losing money but if he kept his money instead of having 4k he would have 20k even right now and that is 16k+ more money, that is a great example of what is going on.

[Cornia]

Patience brings success in some cases but also failure in others. Many people have made a lot of profit during the current bull run. But it was a big fact to choose the right coin and hold it. However, if you hold the token, many tokens later become dead. I think that's what happened to you.

[rat03gopoh]

Patience in trading and investing is everything. You first understood that the risks were delayed luck and really lost.

When there is a correction or prolonged bearsh market, patience is required to hold your coins. Of course this only applies if you are holding the main altcoin.
There are times when you can't sell your altcoins because the project is dead. Here you have to be patient to accept the losses and start over.

[Jesabela04]

When I was still a newbie to crypto many people told me to keep holding and that's all I did for many years and in the end I ended up with many dead coins, whenever I keep seeing people talking about patience as if it's the only thing a newbie need I always shake my head, the fact is you need more than patience to get good results from projects, having patience sometimes will get you nothing

Patience wouldn't work if you aren't wise with your decisions. You shouldn't just be patient but also eager to do your own research so you'll know if a certain project is worth the wait. In crypto, patience is really important but it always depends on the coin that you have invested with. You couldn't apply patience to a non-potential coin.

[max6575]

as investors work on customs as following use with distinct of ideal preference, more that different models are available with the forum as might investors to confirm decision to work with least on risks that more work with the confrontation of option helps with chance as winning the table on trading with the market.

[ZaraCB]

When I was still a newbie to crypto many people told me to keep holding and that's all I did for many years and in the end I ended up with many dead coins, whenever I keep seeing people talking about patience as if it's the only thing a newbie need I always shake my head, the fact is you need more than patience to get good results from projects, having patience sometimes will get you nothing

Patience, Experience and Luck is the key to success. Maybe you had Patience but Experience or Luck was not with you so you could not be successful. Almost everyone has made some profit during this bull run. If you held the top altcoin without holding the shit coin, you would also have several times the profit. I hope you can apply this lesson in the future.

[scottsanderman12]

When I was still a newbie to crypto many people told me to keep holding and that's all I did for many years and in the end I ended up with many dead coins, whenever I keep seeing people talking about patience as if it's the only thing a newbie need I always shake my head, the fact is you need more than patience to get good results from projects, having patience sometimes will get you nothing

It’s just that you relied on a lottery ticket and unfortunately, you’re not a winner

[StephenJH]

For investing in cryptocurrencies.  Patience is indeed very important.  I feel that the premise here is that the project you choose must have potential.  It's worth your patience.  Otherwise it won't be worth your time.

If we are talking about investing, you are right investing plays an important role by investing. If you can not be enough patient you can make wrong choices and lose your money. Most people want to make quick money and lose their money. However, l think we need to be patient while choosing any project and as l said can be patient waiting for the right time. Maybe patience is not everything, but definitely much.

[Bertyda]

For investing in cryptocurrencies.  Patience is indeed very important.  I feel that the premise here is that the project you choose must have potential.  It's worth your patience.  Otherwise it won't be worth your time.

It is very important to wait and be patient. But also it is very important to understand the reasons of corrections and drop the price.
Here some information to read https://dailycoin.com/reasons-for-the-crypto-correction/
The more you know the better you understand the market.

[guydin]

It seems to me that in order to succeed in cryptocurrency affairs, you need not patience, but endurance and calmness. Even if things are not going our way, you need to stay calm. Hysteria and panic can literally ruin all previously invested work. Patience is needed, of course, too, but not in order to keep the coin until it becomes "dead". The crypto market is an unusual place to trade and get rich. This is a platform for the development of new qualities of recognition of new projects that in the future will be able to work efficiently and bring big money.

[agustina2]

You invested in a project just because you listened to people ? That is a very fatal thing. On the internet there are so many scam projects, you need to do your research first before investing your money for the long term, of course, not only patience is needed here, but knowledge is also necessary.

The user is talking about the actions he made in the past. People told him to just hold his coins and since he followed, most coins are dead now.

At these types of coins or tokens, sometimes patience can't be applied. Better to sold these coins at their considered peak to avoid regrets.

[HaekalZ]

yeah patience isn't everything,
another thing you need is LUCK, If you're not lucky then you won't gain as much profit as people earn,
because you cannot only waiting to earn profit, you have to know when the right time to sell or to buy the coins.

[Biscutard]

When I was still a newbie to crypto many people told me to keep holding and that's all I did for many years and in the end I ended up with many dead coins, whenever I keep seeing people talking about patience as if it's the only thing a newbie need I always shake my head, the fact is you need more than patience to get good results from projects, having patience sometimes will get you nothing

There's nothing wrong believing someone what you want to do but the only faults that I see here is you. Yes, you are in a fault for not doing some research of what coins you should have hold for a long time and what coins you should have sell in a short time. You wasted your patience on a things that doesn't have a value in the long term. I think you need to look for someone who understand enough about the cryptocurrency.

[Onika84]

Patience is the key, but before that it is necessary to research whether the coins we buy are fundamentally good or not. If the coin is good, then patience will pay off.

[Icologies]

HOLD is a dropping strategy that has a high risk if we don't know how the coin prospect we hold instead what happens is a futile effort the price of the coin is dropping it doesn't even have a price anymore but on the contrary, if we know coin it has good prospects in the future of course the choice of hold will be profitable because it can provide a lot of profit

[avarnet]

The most important thing is analysis. if you are trading just waiting without having analysis it is the same. we don't know when to buy or sell. especially if you just follow the trend. times like now of course many people are interested in investing in bitcoin or altcoin but I think they are mostly new and do not understand market analysis. a major downside or correction event will bring them to their senses later

[jaberwock]

Be patient and also require analysis, because if we just wait without anything I think we will only get losses. some people I see they are wrong in altcoin hold. as you said waiting for junk altcoins. if we buy altcoins that are already trusted, of course we can get benefits. easy analysis that people often say is in the top position

Even with the most trusted alts I will suggest cashing your profits in time before you only have memories about being rich. Nothing is forever and the faster you learn it, the better decisions you make.

I have no problem with good alts but cashing them on time is better than holding them for too long because ultimately better version of current coins will be made with different names and the current ones will die.

I don't really understand what purpose coins like LTC, BCH serve because its same like BTC but faster and cheaper and for that there are already so many other coins in the market. Holding such coins might be dangerous in long run and hey I am not spreading negativity around LTC & BCH, neither I am saying they are not worth trading. Just don't hold any coin for too long.