Crypto holding demands patience

Hello lovely people of Hive and Leofinance community. Hopefully you will be enjoying your life with good health and spirit. Friends, crypto market is undoubtedly one of the most volatile market of the world, where pump and dump is part and parcel. Due its high volatility it may make or break you any time. That's why it is consider risky investment.

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Crypto is not a sprint race but a long marathon. You have to think for a long term instead of short term if you want to take advantage of crypto market. It is important to understand that crypto demands patience.

One of the biggest advantage of patience is that it deny emotion decision making. Emotional decision making easily distract you and may give you huge loss. Normally FUD and FOMO enter in crypto world when the price of coins go down. FUD & FOMO panics you as a result you take emotional decision which may cost you huge loss. Remember, your patience help you to avoid FUD and FOMO. You can further improve it by increasing your knowledge, crypto skill, market trend etc.

It is important to hold your crypto asset intact if the price goes down. I am not saying about shit coins or meme coins investment. Only hold those coins which have good used case. Same way never buy coins when the market is continuously dipping. Market has tendency to drop down further which will swallow your hard earned money. Even if you want to invest, invest only a little portion of investment instead of spending all your asset. This strategy will help you to buy more coins when the price of the coins further dip. This way you can accumulate more coins with same equity. Beside this, it is important to understand that never invest those money which you can't afford to loose.

Same way showing patience is also important during bullish season. There is no need to buy coins if the price is rising. It is an other emotional decision making.

It is a fact there is no single formula of success in crypto market. You can't eliminate the market risk, however showing patience and improving your knowledge and better understanding of market dynamics, trends etc may help you to minimize the risk associated with crypto market. What is your opinion my friends?

This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.