What level of patience do you have when owning crypto ? - Page 10 - Crypto World - CryptoTalk.Org Jump to content
Maxtron73

What level of patience do you have when owning crypto ?

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It depends with how the price will be in the market. If i will see any profit opportunity i will sell and take my profit immediately. But if it's a long wait profit i will trade other coins.

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On 8/10/2020 at 7:17 AM, Swapzone said:

Yeah, I agree you! If you can't have patience in crypto market then  you're not capable to invest in crypto markets.

Well lam also agree to this point patience really necessary in crypto market, but its depends how much profit we expect in this investment, because if invest in any coin we sets a target how much percent we want profit 20% 40% percent, according the profit we hold our coins but if we want huge profit then wait for decade, but I don't think its better strategy to wait for long time, in my opinion if we earn little bit profit in our investment then leave and reinvest in other currency, we do this regularly  then we earn profit also regularly.


 

   

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In crypto world there has some section like trading, invest and hold.. In different section you need have different level of patience becuase in trading the patience is much important..like if you do day trading then there has a chance to lose your money when Price dump and that time you need to Have patience.. In investment you need different level of patience                      

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Patience is really a virtue here in cryptocurrency becwuse if you do have long patience then you can hold your money longer and i think that it is a nice ability to have because sometimes it isntempting to take money and sell because of the price that keeps rising. 

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You are absolutely correct! Patience is the key to hodl. And, for whatever (either long term or short term) you need patience. This is must!

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depends on the currency i am holding , if there are analysis that say there may be a future for this currency nd expecting to reach high price then i can hold it but if there is no expecting for it i don't think i will be able to be patient for long time until i exchange it

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In fact when owning cryptocurrencies but you only aiming that's owned cryptos to cover your basics needs, the level of patients must be very low, but if you own cryptocurrencies but you still have more stocks of money, then the level of patients will be good. 

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Patience is the main key point to get profit in crypto, cause you have to wait to gain profit untill the price of the coins up. But also a good experienced of the trading to get profit, you have to track every moment of the price and wait for the right moment.   

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I have kept a few coins for quite a while because of their unsatisfactory price. It is fine for me to wait several years as long as there are regular reports on the progress of the coin or token. 👍


 

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think that if I knew that the coin would grow in value sooner or later and I could become a millionaire I could wait more than 5+ years

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Patient is key of course and if we are not patient we can lose profit. But when we trade we have to sell and take profit because this is the trade for. Also tight stop loss help so patient is important but may not mean that we lose all our funds for this.

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Its a little bit different we need to really have a good chance, when you look at how you invest its always good that you are able to value what you are able to look at the investment opportunities and it usually depend on the time you have invested that is really important and take it really well.

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I don't have a degree of tolerance by any means, as I just observe that the cost has fallen a piece, I promptly sell, so as not to lose cash. Thusly, I can't be a dealer, I can't persevere.

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In the world of cryptocurrencies, you have to be very patient, motivated by the great volatility of cryptocurrencies, today you can have profits and the next day you cannot. You have to be patient to study their behavior and the possible scenarios that may arise.

 

 

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Firstly, trading on the spot should not be on a loss if the person relies on analysis and on medium-term deals. Third, if the price falls below the purchase price, after a period of time it will return to him. The loss will not be present if the person waits and for this reason the trading should not affect Daily expense or only source of income.

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I don't invest in crypto, I invest in Bitcoin. I don't think altcoins have what it takes to be a good long term investment that can help after some years to bring good profits. On the other hand I think that Bitcoin is amazing and there are altcoins that can grow more like Ethereum but tell me would you invest for 2-5 years in Chainlink or in Bitcoin SV or I don't know what else is still priced in billions of marketcap?

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On 1/24/2020 at 4:58 AM, Maxtron73 said:

After you buy crypto and bitcoin at again prices, how long can you have patience to wait for the next big rally to sell your coins for a profit? Are you able to wait e even a couple of years or is it too long for you ? As we all should know patience is key in these markets 

It seems I can't wait for the bitcoin price to go up in a few more years, I don't have the patience to wait and hold it for a long time. I will sell when the target I set is reached, this is because I want to make a profit immediately.

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On 1/23/2020 at 11:58 PM, Maxtron73 said:

After you buy crypto and bitcoin at again prices, how long can you have patience to wait for the next big rally to sell your coins for a profit?

You have to look at the chart and decide. We can't predict the future and there is no accuracy in what we read with predictions about $100,000 or more. We have to be in reality. Patience means that we don't need to lose all our money and some altcoins can easily do that. Bitcoin has a better chance and it is slower but safer to hold for years.

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A couple of years is how investment works. Maybe even more than just a few years as if you have checked prices by year, they are some times can be lower but it is a chart that is always moving up when it comes to stocks and Bitcoin. Maybe ten years will be a better idea for an investment to make the best profits.

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You need patience level 9000. Meaning that if you buy Bitcoin it can crash next day but it will be back after some time that can be weeks or months or even years. It will crash but always crash higher from the price it started rising. It is a good time to buy these dips.

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I had no patience at all when started but it is something that I understood after some time and it is something that everybody should find out on their own. We can explain how important this is but sometimes money is very needed and has to be withdrawn. For me I am trying to balance the needs and investments and not withdraw often.

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I don't know what you mean friend. If you invest it can be an investment that you don't need patient but lock for 20 years and wait for your retirement. Maybe you misunderstand some things. Patience means that you don't screw your trade and sell just to make something very small and you will have to enter again later to make some more. 

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Yeah you're right it is a matter of waiting for the right time, also you should have a knowledge about the analyzing the graph since it is a huge help to somehow predict the future price. In my case I'm willing to wait even if it took me years, but at least my waiting is worth it because I might make a huge profit by doing so. So if you are the type of person that has short patience then what I would suggestion is you need to improve yourself.

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I don't have a lot of patience when holding altcoins. If their value is one day $1000 and the next day $800 and dropping how much patience can you have. Even ethereum reached $500 and then dipped by 30% in one week this is very hard to be patient with altcoins. I am patient with Bitcoin.

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As for technical analysis, the trend indicators on D1 point south 65% and 35% look north. Among the oscillators, the picture is mixed: 25% recommend selling, 25% – buying, and 50% are in the neutral zone. In case of further decline of the pair, it will encounter support levels and zones at 1.2450, 1.2400-1.2420, 1.2300-1.2330, 1.2185-1.2210, 1.2110, 1.2035-1.2070, 1.1960, and 1.1840. In case of growth, the pair will encounter resistance at levels 1.2530-1.2540, 1.2575-1.2610, 1.2695-1.2710, 1.2755-1.2775, 1.2800-1.2820, 1.2885-1.2900.   No significant statistics on the state of the UK economy are planned for the week.   USD/JPY: Reached the Moon, Next Target – Mars?     We called the previous review "Higher and Higher". Now, it is worth asking at what altitude will this flight into space end? When will the Bank of Japan (BoJ) finally decide on a radical change in its monetary policy?   At the meeting on April 26, the members of the Japanese Central Bank unanimously decided to keep the key interest rate at the previous level of 0.0-0.1%. Moreover, the regulator removed from the statement the reference that it is currently buying JGB bonds for about 6 trillion yen per month. The statement after the meeting states that "the prospects for the development of the economy and prices in Japan are extremely uncertain," "if inflation rises, the Bank of Japan will likely change the degree of easing of monetary policy," however, "it is expected that the eased monetary policy will be maintained for some time."   The market predictably reacted to such decisions of the Japanese Central Bank with another Japanese candle on the chart of the USD/JPY pair. The maximum was recorded at 158.35, which corresponds to the peak values of 1990. There were no currency interventions to save the national currency, which many market participants feared. Recall that strategists from the Dutch Rabobank called the level of 155.00 critical for the start of such interventions by the Ministry of Finance of Japan. The same mark was called by 16 out of 21 economists surveyed by Reuters. The rest predicted such actions at levels of 156.00 (2 respondents), 157.00 (1), and 158.00 (2). USD/JPY has long exceeded the levels at which the intervention took place in October 2022 and where the market turned around about a year later. It now seems that 158.00 is not the limit. Perhaps it is worth raising the forecast bar to 160.00? Or immediately to 200.00?   USD/JPY ended the past week at 158.32. The forecast of analysts regarding the near future of the pair looks as follows: fear of currency interventions still prevails over 60% of them, while the remaining 40% are waiting for the continuation of the flight to Mars. Technical analysis tools clearly have no concerns about interventions. Therefore, all 100% of trend indicators and oscillators on D1 point north, although a third of the latter are in the overbought zone. The nearest support level is located in the area of 156.25, then 153.90-154.30, 153.10, 151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. And it is practically impossible to determine resistance levels. We only note the reversal maximum of April 1990, 160.30, although this target is quite conditional.   No significant events regarding the state of the Japanese economy are expected in the coming week. Moreover, traders should keep in mind that Monday and Friday in Japan are holidays: April 29, the country celebrates the birthday of Hirohito (Emperor Showa), May 3 – Constitution Day.   CRYPTOCURRENCIES: Where Will Bitcoin Fall?   As expected, the fourth halving took place in the bitcoin network at block #840000 on April 20. The reward for finding a block was reduced from 6.25 BTC to 3.125 BTC. Recall that halving is a halving of the reward size for miners for adding a new block to the bitcoin blockchain. This event is embedded in the code of the first cryptocurrency and occurs every 210,000 blocks – until the moment when the mining of 21 million coins (presumably in 2040) ends the emission of cryptocurrency. It should be noted that the fourth halving will provide for the mining of approximately 95% of the entire bitcoin emission, about 99% of all coins will be mined by 2033-2036. Then, the emission will gradually move towards zero.   In the previous review, we promised to tell how the market would react to this important event. We promised – we report: the market reaction is close to zero. For several days after the halving, there was no growth in volatility. The price of bitcoin slowly and lazily moved first upward, reaching $67,269 on April 23, and then returned to where it began its weekly journey: to the $64,000 zone. It seems that market participants froze in anticipation of who would be the first to start buying or, conversely, selling the main cryptocurrency massively.   According to experts from Bitfinex, the post-halving supply restriction stabilizes the price of the first cryptocurrency and may contribute to its growth. "The reduction in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, contrasts sharply with the daily net inflow of $150 million into spot ETFs. This emphasizes a significant demand and supply imbalance, which may contribute to further price growth," stated the Bitfinex report.   However, analysts from QCP Capital believe that bitcoin optimists will have to wait at least two months before assessing the effect of the past fourth halving. "The spot price grew exponentially only 50-100 days after each of the three previous halvings. If this pattern repeats this time, bitcoin bulls still have weeks to create a larger long position," their report stated.   Anthony Pompliano, the founder of the venture company Pomp Investments, believes that within 12-18 months, the coin is expected to grow to $100,000, with chances of reaching $150,000-200,000. However, before moving to a bull rally, BTC/USD, in his opinion, is waiting for a correction down. At the same time, Pompliano believes that the price will not fall below $50,000. "I think we have already crossed this Rubicon," – he wrote.   The possible upcoming decline of the main cryptocurrency is probably a topic currently much more discussed than its subsequent growth. Many agree that bitcoin coins will appreciate in the long term. But how will quotes behave in the more foreseeable future? Fidelity Digital Assets, the leading issuer of one of the spot BTC ETFs, has already revised its medium-term forecast for bitcoin from positive to neutral. The reason for abandoning optimistic sentiments is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term hodlers. Among them, there is currently a large percentage of profitable addresses, as noted in the company's report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data indicates that small investors, on the contrary, continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses on which BTC is stored for at least $1,000 has increased by 20% and reached a new historical maximum. "Such a trend may indicate the growing dissemination of bitcoin and its acceptance among 'average' users," – Fidelity noted.   Specialists from CryptoQuant examined the SOPR indicator readings for these categories of investors and made conclusions similar to those of their colleagues from Fidelity. Investments in Bitcoin by "new" whales (owners of coins "aged" less than 155 days) almost doubled the indicator of "old" large players (more than 155 days). At the same time, the increased value of the metric showed that the profits of the "old" hodlers significantly exceed the indicators of the "newcomers". And if the "old-timers" move to fix profits, this may lead to the formation of price peaks. An analysis of the current picture, according to CEO of CryptoQuant Ki Young Ju, also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility.   Recall that earlier, specialists from JPMorgan noted that digital gold is in a state of overbought. And co-founder of CMCC Crest Willy Woo noted that if the price of the first cryptocurrency falls below the support level of short-term holders at $58,900, the market risks moving into a bearish phase.   As of the evening of Friday, April 26, the BTC/USD pair is trading in the region of $63,950. The total capitalization of the crypto market is $2.36 trillion ($2.32 trillion a week ago). The Bitcoin Fear & Greed Index remained in the Greed zone, although it rose from 66 to 70 points.   Finally, in conclusion of the review, our long-forgotten crypto-life-hacks column. It turns out that in order to become a crypto millionaire, it is enough to have a marker and a piece of paper. The possibility of such a way of enrichment was proven by Christian Langlois, also known as Bitcoin Sign Guy. This guy made headlines in many news outlets after showing a notebook sheet with the inscription "Buy Bitcoin" behind the back of the Chair of the Federal Reserve System Janet Yellen. At that moment, the head of the Fed was giving testimony about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry.   For his misdemeanour, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was shown on television, enthusiasts sent 7 BTC to his crypto wallet to thank the guy for his bold move. Four years ago, Christian sold 21 copies of the "cult" sheet at an average price of 0.8 BTC, earning another 16.8 BTC. Thus, his total earnings reached 23.8 BTC, which is more than $1.5 million at the current exchange rate. And a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage", and he decided to sell it at an auction, directing the proceeds to finance his startup Tirrel Corp. On April 25, 2024, the auction house Scarce.City reported that the lot, which became a popular meme, was sold for 16 BTC (more than $1 million). NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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