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Maxtron73

What level of patience do you have when owning crypto ?

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Well that depends, as in case i need to sell immediatly i will just sell it and that's it for personal usage.

 

HODLing is another thing where i am saving some of my full investments for profit during time intervals and waiting for price pumps (that's where my patience relies 😉 )

 

Nevertheless you should always be patient else you will eventually lose everything.


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Frankly, I have a very large patience while storing my currencies, I am buying currencies at low prices and waiting for a very long time until the price rises and reaches a level I can achieve good profits from and everyone must be patient to achieve profits because without patience we will not be able to achieve anything


 

 

 

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On 6/2/2020 at 11:28 PM, Brushless4500KV said:

3 years of waiting?! This is much more than expected! It depends on the coin you buy but if you hold bitcoin for more than a year, you will lose rather than earn because bitcoin experiences big bull and bear markets at least every 2 months and this translates to 6 times per year (12/2 = 6)! You don't need to wait for such a long time as 3 years. It is better to sell after each bull market and invest for the next fall of the market. If you do this, you will earn multiple times during a year. There is no guarantee that the price of your coin will be doubled 3 years later.

3 years of waiting is very long time because the price of a crypto currency can get higher and higher with just a short time. If you hold even just a half of Bitcoin, you can earn about 70% of the worth that the coin you hold.

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right now there are a few coins that I still hold and I don't sell because I see their project is still running smoothly it's just takes time to get the best sale price

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Posted (edited)

I'm a way more patient trader comparing to what I once was two years ago but I'm not perfect obviously and I lose patience too sometimes, we all always try to be more patient when owning crypto because we know that not having enough patience can result to losses or at least not success, but it does not matter how hard we try we can only get better but it doesn't mean we have total patience then and nothing can change that because we have emotions and that means we still can lose patience at times but in my opinion everyone can get at least 70-80% more patient if they train themselves in that way and have enough experience to help them.

Edited by lharost

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1 hour ago, Reostra77 said:

right now there are a few coins that I still hold and I don't sell because I see their project is still running smoothly it's just takes time to get the best sale price

Me too, I hold some coins and not yet selling it because every coins I hold has their own schedules when I am going to sell each of them. I created the schedule base on the pattern I saw to each of them and when I bought it.

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Patience is the basis for cryptocurrencies. If you are a person without patience and cannot afford it, then I say that it is better for you to leave the field and go to another field because cryptocurrencies do not fit in with you.

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Yes, patience is essential to making money, but I think I cannot be patient for several years. Maybe I can be patient for several months, no more. :classic_biggrin:

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I try to be patient enough when owning cryptocurrency before selling because I believe in patient been the key to success here on crypto. There was a time I hold Ethereum for almost a year before selling and I never regretted why I did so, because i was able to profit at the end.

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On 1/24/2020 at 5:58 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 

When owning cryptocurrency it is important to have patience always because I think that it will be great if you will have patience in everything that you will do because people need to understand that knowledge and patience is very important to businesses

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2 hours ago, Iriswolfgang said:

When owning cryptocurrency it is important to have patience always because I think that it will be great if you will have patience in everything that you will do because people need to understand that knowledge and patience is very important to businesses

All of the professional crypto currency users are forcing their self to have a long patience because if they don't, they will lose a lot of their investment and it is not a good experience for them because they will be having a big reduction on their income.

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On 6/14/2020 at 12:27 PM, Iriswolfgang said:

When owning cryptocurrency it is important to have patience always because I think that it will be great if you will have patience in everything that you will do because people need to understand that knowledge and patience is very important to businesses

Patience is fine when you hold something that you know it has value. In contrast people who bought Ripple for example at $3 should have sold at $2,75. They've been told to be patient as well and here are the results. XRP can easily keep going down for another 20 years the way Ripple is selling their premined coins.

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Actually I'm always doing vechain coin trading and I'm doing Bitcoin trading to double the Bitcoin. Right now I'm waiting Bitcoin price to go more up. Patience is important in Crypto world.

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I have so many coins in my wallet and almost all coins give me loss at this time but i know that these coins will give me huge profit when the bull is come and the crypto market make huge high at this bull time and i make good amount of money then.


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remember that patients is always key of success , without patients I didn't think that we are make a good trader .

whenever market is going down then leave your coin Till price didn't touch again a good price . At this situation I always go with long-term trading .


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On 6/14/2020 at 5:27 PM, Iriswolfgang said:

When owning cryptocurrency it is important to have patience always because I think that it will be great if you will have patience in everything that you will do because people need to understand that knowledge and patience is very important to businesses

Patience is one of the key to achieve success, when a person have it he can think for better strategies that he can use to reach his goal. 

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I can wait for many years until. the inflation of bitcoin happens, if you are a strong believer of the bitcoin you will do the same way, you will get more profit if you can wait for many years.

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1 hour ago, Pitepite said:

I can wait for many years until. the inflation of bitcoin happens, if you are a strong believer of the bitcoin you will do the same way, you will get more profit if you can wait for many years.

Their investment and it is not a clever undergo for them for the reason that they will be having a cumbersome cutback on their income.
 

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You can exchange with any degree of persistence yet the sum you win or lose relies upon the amount you can endure undesirable conditions like falling costs. Persistence is for the most part required for long haul plans. You needn't bother with bunches of persistence in day by day exchanges. I have put some cash in bitcoin and have shown restraint for 2 months. I haven't sold it yet and need to hold it till the finish of 2020.

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