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Author Topic: Patience is important  (Read 906 times)
cabalism13
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August 19, 2021, 09:25:56 PM
 #41

But that's the truth. many people are easily influenced by famous people, that's why many impatience people It has fallen a lot on failure. The financial ruined because of a false dream that they think can earn money easily without thinking and Analyze of the market

This type of marketing is happened in many field. So it's not a new to cryptocurrency field.Some people will define a market. Some will marketing and do advice of some coin. In trading, people should aware. The moat of advertising was a paid one, so it had two sides. Only some people like Elon was followed by youngster.
Indeed, and I think this also happened with Pi Network Recently as it has been a hype trend right now, though I'm not sure if it was advertised by a big person but a sudden news is kinda fishy.
As for Elon, well he has money so youngsters nowadays follows who has many of it.
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August 19, 2021, 09:28:13 PM
 #42

We have been seeing many people said:
- Patient is the key
- Patience is very important
- Patient can lead you to take profits or lose money

In crypto, emotional control is very important, moreover if we are a trader. Even we are professional traders, we must have certain good management of the emotion, moreover about being more and more patient and avoid being panic.

We sometimes experienced how we regret so deep when selling our tokens because of impatience that we have, added with the panic situation. And then we lose more money because of it

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August 19, 2021, 09:43:22 PM
 #43

There are so many impatience people that missed important details sometimes, and lose the chance to make bigger profit because they didn’t analyze the market in the first place.
please be patient.Valuable coins need time to grow.
I am not mean that all altcoins are worth to wait.Just wait selectively.
One thing we must to remember that our goal is to make profit,so Patience should be based on your target price.

Well, lack of patience have cost a lot of people great fortune in the past including myself, I remember that in the past, just few years back maybe, I had crypto coins and tokens that worth alot of money today, but because I sold those coins and tokens too early, I lost out on all this, and this was due to lack of patience.
I on the other hand, being patient does not require one to  hodl even when a project turns scam and its imminent that the price of such coin will go down never to come up again.
It is also very important for us to know how, where and time patience should be applied, for this is also very important as much as knowing or having the patience itself.

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August 19, 2021, 09:46:05 PM
 #44

In cryptocurrency, patience is necessary. But we also have to look at the situation, if the coin we hold at that time is already good in price,
it never hurts to sell it because it has pocketed a profit. We never know if then a dump on the coin we hold may have to wait for it to go up
for years, or even its coin dies or scam. But if someone wants to speculate, that's okay.

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August 19, 2021, 10:17:43 PM
 #45

There are so many impatience people that missed important details sometimes, and lose the chance to make bigger profit because they didn’t analyze the market in the first place.
please be patient.Valuable coins need time to grow.
I am not mean that all altcoins are worth to wait.Just wait selectively.
One thing we must to remember that our goal is to make profit,so Patience should be based on your target price.

This is very important when we are talking about investment. If we have this kind of attitude the more chance to succeed. However, we should also have to analyze when we should have to be patient for example, if you are just holding for shitcoins and patiently waiting when it surges, it was just like we are wasting time for them as it seems impossible unless if we are holding potential coins.

I know that it wasn't so easy to be patient but as we make it habitually and seriously think about the future, it could be easy for us to do it.
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August 19, 2021, 10:20:49 PM
 #46

Patience is part of the beginning of success in trading and investing in the crypto world but we also have a strategy to be safe from losses so that we don't fall into endless waiting which in the end is disappointment. And one thing that makes us unable to be patient is not loss/profit but the need is so urgent that we have to let it go, and this has happened to me

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August 19, 2021, 10:23:35 PM
 #47

I really need patience in the currency circle. I have a deep understanding of this.
At the end of July, I bought the cheap altcoin okfly. Within a few days, it doubled and I immediately sold it out. But after a while, its price doubled dozens of times.
It was because of my lack of patience that I didn’t make a lot of money.
you should know which one coin is worthy to wait.we can't make huge profit just by waiting.
ANYWAY,don't make a loss before you sell it.

We have to admit that sometimes our emotions get ahead of us and because of uncertainty in the markets we tend to withdraw early. The crypto markets are very volatile. Sometimes being patient means you have to go above and beyond your normal bounds of being patient and ultimately get that  jackpot you have been dreaming. In some cases though, being patient is to see your money disappear in an instant when the coin or the project goes down. We have to be very careful when it comes to our investments.

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August 19, 2021, 10:56:42 PM
 #48

Patience is part of the beginning of success in trading and investing in the crypto world but we also have a strategy to be safe from losses so that we don't fall into endless waiting which in the end is disappointment. And one thing that makes us unable to be patient is not loss/profit but the need is so urgent that we have to let it go, and this has happened to me
our patience will drive our trades be better , we will be very selective and thinking twice in our open position. bringing our trades in best level was be hard thing to do while we have no patience.  Loss  will suffer us easily due this reason and many traders stop or even quit from market because they could not controll their emotion.

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August 19, 2021, 11:11:33 PM
 #49

our patience will drive our trades be better , we will be very selective and thinking twice in our open position. bringing our trades in best level was be hard thing to do while we have no patience.  Loss  will suffer us easily due this reason and many traders stop or even quit from market because they could not controll their emotion.
New traders tend to have no patience even if they buy top coins because they don't have basic knowledge of crypto market fluctuations so cannot accept when market corrections occur, patience is the main thing in investing and trading but for new altcoins should analyze regularly because the potential is immeasurable and some the coin even ends up being a scam.

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August 19, 2021, 11:17:37 PM
 #50

Patience is one of the determinants of our success here, but not everyone can do it.
Cryptocurrency prices that fluctuate high make some people afraid to wait too long, even though it often happens when they sell coins suddenly the price of the coin increases high.
If we often experience this, then we really have to practice our patience, because this is very important for us to have in Crypto investment/trading.
Patience is needed in many ways, it makes us wiser in making every decision. Surely you also know that many newbies are impatient when they first join crypto, wanting to quickly profit and get rich. even though the crypto world is not as easy as imagined. we have to be patient to learn, which is important to use to adapt in a volatile crypto ecosystem. when the price goes down or up we will be calmer because we have made anticipation to deal with it.

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August 19, 2021, 11:59:05 PM
 #51

Patience is the key factor of success in investing and especially in trading. Unfortunately most of the people are too greedy and too emotionally unstable, lol  Smiley

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August 20, 2021, 01:30:09 AM
 #52

be patient and also need to be careful, there are lots of tokens that have good quality, it's up to us how to learn the concept of the token in the future

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August 20, 2021, 01:52:15 AM
 #53

Your are right patience is important but sometimes being patiently waiting for nothing is a stupid thing to do. If you have knowledge how to analyze the potential of one coin to invest and HODL it then your being patient will give you profit for what you are investing.

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August 20, 2021, 02:01:40 AM
 #54

I'm still very patient when I see a lot of people talk about patients in this area, but it's okay because I've seen it so many times before. Whether we still lack experience for new areas, let's experiment with everything instead of learning to be patient with it.

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sammy21
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August 20, 2021, 02:04:31 AM
 #55

Trading in crypto is not just buying and selling, if the goal is to make a profit then we have to pay attention to the market rate, here patience is the main point that a trader must have, if we have earned enough profits it is better to take the opportunity, don't get greedy instead make us miss the opportunity to gain profit.

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llecrf
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August 20, 2021, 02:47:18 AM
 #56

snip

I will be patient if I have a coin with a good market capitalization like Bitcoin, other coins are worth waiting for but everything follows the BTC price, usually the price increase situation will occur at the end of the year or Bitcoin Halving, in the future such a situation will occur and we will return to new ATH from altcoins such as ETH,BNB and other altcoins.
https://coingolive.com/en/coin/ath-price/

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Psynthax
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August 20, 2021, 03:00:21 AM
 #57

Emotions do play an important role in trading and investing. Fluctuating prices affect psychology and I think if we don't have a good trading and investment plan, we can panic and sell our tokens at low prices. But if we have a good trading plan and invest for the long term, I think we will get profit as long as we hold the tokens which have a big market cap.
That's right, it's always having a good trading plan that keep us from being impatience. Many of people will just make trading with token that they randomly pick and regret later because it's performing so bad and therefore it become a bad decision. It's having a good trading plan and long term holding that can give us chance not to make such a bad decision. But in my opinion, big market cap token isn't a guarantee that it will performing really well in the future.

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Kiley33
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August 20, 2021, 03:03:27 AM
 #58

Wait patiently for the real perfect trend in the market, and don't make predictive interventions; "Timing is everything", buy at the right time, and sell at the right time.
Trading is not something to do every day. Those who think that they need to trade at any time ignore a condition, that is, trading requires a reason, and it is an objective and appropriate reason.
luca prieto (OP)
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August 20, 2021, 04:04:16 AM
 #59

There are so many impatience people that missed important details sometimes, and lose the chance to make bigger profit because they didn’t analyze the market in the first place.
please be patient.Valuable coins need time to grow.
I am not mean that all altcoins are worth to wait.Just wait selectively.
One thing we must to remember that our goal is to make profit,so Patience should be based on your target price.


Maybe we can blame those who teach that crypto market is a 'get rich scheme', that why investors specially newbies tend to not have the patience for the project to grow overtime and decided to sell when they are at a loss. I'm seen it during the last 4 years of myself really involving in cyrpto sphere.

One good example could be BNB or ADA, who suddenly grows so much in the last year or so. If people have this coins and think that it won't grow, then for sure they have regret their decisions if they have sold them prior to it's bull run.
there are so many people regret that they sold BNB prior to its bull run.include my friend.
luca prieto (OP)
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August 20, 2021, 04:16:37 AM
 #60

Your are right patience is important but sometimes being patiently waiting for nothing is a stupid thing to do. If you have knowledge how to analyze the potential of one coin to invest and HODL it then your being patient will give you profit for what you are investing.
until now i think patience is improtant for me because i joined in one project(https://t.me/emit_protocol),at first,i just got 1 light,after 3months,i got 170light per day.before 1 light is $0.087,now 1 light is $0.090.
that's my reward because of waiting.so when you enter one project,DYORfirstly,then waiting.
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