Do you have patience to count from 1 to 100?

[Jackl87]

Now there are three questions in America. 1. The sluggish economy 2. High inflation 3. The outbreak of the epidemic.
Dow plunges nearly 900 points on July 19 2021.Bitcoin drops back below $30,000 yesterday.
All are disappointing signs. Many investors plan to sell Bitcoin.Most people lose patienceIn for cryptocurrency.
But In long-term trading, in addition to knowledge, patience is more important than any other factor.How do u think of it?

I also think that patience is one of the most important factors when you invest into a sector that is still in it's very early stages and i think the whole cryptospace is still in that stage if you compare it to other financial sectors or products. The real adoption of crypto products is still only starting and i think that, if no major unforeseen upsets are happening, that the whole crypto market will have a way higher marketcap as it has right now or as it had back in the beginning of may this year. I would also rate myself as a very patient guy in terms of my investments. I know that this is not always the best because if you look at the market movements in the last years i could probably have 10x more IOTA now for example if i had sold and bought them again at the right moments, but knowing myself i would probably have less than i have now. 

[LogitechMouse]

~
Most people lose patienceIn for cryptocurrency.
But In long-term trading, in addition to knowledge, patience is more important than any other factor.How do u think of it?

In every investment that you will make, there are 2 ingredients that you must have if you want to become a successful investor and gain some profit. Patience and Discipline.

Lets say a trader is very knowledgeable and he knows everything, it will be kinda useless if he can't wait enough in his trades and there might be a chance that he will end up losing his money. Patience is very important especially into crypto because just seeing the history of Bitcoin, if you just bought in 2018 at its lows of near $2,000-$3,000 and hold it until this year or you sold it at the peak then you've earned at least x20 with your initial investment and at least x10 if you are still holding it now. That just shows the power of holding and being patient.

We've seen many people losing their money and its because they can't wait too much for some reasons. Some of them are panicking when they see their losses at double digits so they will lose it at a loss. They can't take losses, they are impatient that is why they are losing money.

[Digital_Lord]

Yes, mate patience is necessary for the long term. Now BTC is at 46K$. If anybody has not sold in panic then now he/she may be in profit. I have got good profit due to patience, I bought CTSI at 0.47$ but I came down to 0.39$ I think now it will not increase but my heart said me to keep patience and wait. So I waited and now it has hit 1.2$ almost 2.5x from my buying. Now I have learned the lasson that patience is a big thing, without it we can't get good profit.

[bots1]

Cryptocurrencies can indeed make us nervous because the price is always fluctuating up and down quickly like a roller coaster. Of course we have to be patient to face the fact that when the bitcoin price downward trend occurs. Even so, this does not necessarily make us feel panicked and rashly releases all of our assets. We must remain calm in a situation that is arguably not as pleasant as it is today.

[yananda]

Cryptocurrencies can indeed make us nervous because the price is always fluctuating up and down quickly like a roller coaster. Of course we have to be patient to face the fact that when the bitcoin price downward trend occurs. Even so, this does not necessarily make us feel panicked and rashly releases all of our assets. We must remain calm in a situation that is arguably not as pleasant as it is today.

Mentally you have to be prepared, most important thing is that the accumulation continues to make a profit even though isn't too much but consistent then the results will be big

[DonFacundo]

Of course patience is important when it comes cryptocurrency because if you have patience you will gain profit for sure in the future especially if you hold crypto for long term. Those people who give up, not patiently to hold their crypto then they are not deserve to get profit from it, only to those people who have patience will get the reward.

[livingfree]

Mentally you have to be prepared, most important thing is that the accumulation continues to make a profit even though isn't too much but consistent then the results will be big

People forget about accumulation because with every purchase and little that they do.

They think that it's nothing compare to what those investors that have bought a lot and did it a few times. I agree as long as there's consistency, that's the most important matter if you're patient in this market.

And you have the plan of going long.

[Pamadar]

Mentally you have to be prepared, most important thing is that the accumulation continues to make a profit even though isn't too much but consistent then the results will be big

People forget about accumulation because with every purchase and little that they do.

They think that it's nothing compare to what those investors that have bought a lot and did it a few times. I agree as long as there's consistency, that's the most important matter if you're patient in this market.

And you have the plan of going long.

Having a positive mentality will give you good space to find time to think.

Decisioning without thinking will only lead you to lose your money, and besides, better to study and learn first before taking your step in this kind of business, Most of those who keep losing are people who don't have the patience and knowledge with what they are doing. It's a must make sure that you are doing your job researching and studying the flow and you can assess what's the right thing to do next.

[Cornia]

Patience is the key to trade cryptocurrency. Those who sell their Bitcoin below $30k now understand how important patience is. Those who do not have patience are panic to see a small price drop in the crypto market and they sell their coins and start regretting.  Knowledge is another important factor. Because you need to know how long to hold a coin.

[livingfree]

Mentally you have to be prepared, most important thing is that the accumulation continues to make a profit even though isn't too much but consistent then the results will be big

People forget about accumulation because with every purchase and little that they do.

They think that it's nothing compare to what those investors that have bought a lot and did it a few times. I agree as long as there's consistency, that's the most important matter if you're patient in this market.

And you have the plan of going long.

Having a positive mentality will give you good space to find time to think.

Decisioning without thinking will only lead you to lose your money, and besides, better to study and learn first before taking your step in this kind of business, Most of those who keep losing are people who don't have the patience and knowledge with what they are doing. It's a must make sure that you are doing your job researching and studying the flow and you can assess what's the right thing to do next.

Those people that have been accumulating, they have studied well about the market and the coin that they're accumulating.

As a perfect example of bitcoin, everyone knows that it's the best cryptocurrency that we have in the market and it's going to last and that's for sure. Anyone that has studied and learned from the past about bitcoin reaching new all time highs, knows the importance of accumulation.

Despite there are some dips, those pumps are still greater than those.

[llecrf]

Now there are three questions in America. 1. The sluggish economy 2. High inflation 3. The outbreak of the epidemic.
Dow plunges nearly 900 points on July 19 2021.Bitcoin drops back below $30,000 yesterday.
All are disappointing signs. Many investors plan to sell Bitcoin.Most people lose patienceIn for cryptocurrency.
But In long-term trading, in addition to knowledge, patience is more important than any other factor.How do u think of it?

Hodl is a good choice if you hold coins that have a market cap of over $1 billion.
Currently, many countries are experiencing a recession but are still patient in dealing with the situation when the COVID-19 outbreak has not ended because it can disrupt the economic system.
For now, patience will be an option when the market situation is down trending, you can look at the Bitcoin chart for the 200 MA then the price will return and will always reach a new ATH when Bitcoin has done the Bitcoin Halving

[gwdf1]

When you invest and save money patience is the most important thing that you need. You should always keep in mind that only time will give you profit, so just buy mainstream currencies and hold them. Also it is a good strategy to average a price. It means that if you bought Ethereum in 3000$ and then it drops to 2000$ you can buy more and your average price will be between these two levels.

[Kimonoe]

When you invest and save money patience is the most important thing that you need. You should always keep in mind that only time will give you profit, so just buy mainstream currencies and hold them. Also it is a good strategy to average a price. It means that if you bought Ethereum in 3000$ and then it drops to 2000$ you can buy more and your average price will be between these two levels.

good analogy where the average price drops when we buy back. that way we have to prepare a strategy not to spend capital to buy at one price, but we can break it down into 2 or 3 buying stages, and after that we just wait for the price to rise, without panic selling