Crypto tests your patience
Your patience may help you to save you from big loss. Currently market is down. Red color dominance in market. This is the time when you patience is tested. FOMO and FUD creates doubt in mind as a result people sell their assets cheaply without showing patience. This is the common problem with a majority of people. They don't bear the pressure and easily panic during crunch situation.
It is important to keep your coin intact when the market is down. I am not talking about holding shit coins, Only keep intact those coins which have good used case. Selling good used case is not a wise move. Selling at cheap price will give you a permanent loss. Always believe that good time will come. Show your patience and never do emotional decision. Time shall pass away but at the end our actions counts.
Same way, controlling emotion is important when the price of the coins pump up. Increase in price attract people to buy coins at cheap rate as a result many people fell in trap and buying coins at higher price from expected price. Just imagine people who bought BTC coins at $68,000. Now their investment is shrinked to 40% of the initial investment. BTC has a huge chance to rise again but even if you wait for the bullish run, it will block your asset for certain period of time. Blocking assets means no assets available for the further invstment which may affect your long term growth.
Showing patience is important for long terms growth in crypto world. It is important to remember that decision based on research and technical analysis produce better result. That's why it is important to increase your knowledge and skill. 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 .
Hi @zartisht, I identified with your post just by seeing the title, because I certainly think that patience and the study of the projects where we have invested our money in fundamental. Sometimes it can take many years to achieve financial goals, but there are some people who do not cultivate patience and end up retiring because they want short-term results.
Good article, see you later, have a great week.
Patience is a very good virtue to have.
Specially when it comes to investing in a volatile and unpredictable asset like crypto.
Those who have the patience to wait for the right opportunity would come out as a winner.
One more important thing is not checking the price daily otherwise it will affect your decision / confidence on keeping your coin in hand, even though you planned to keep it for long term investment
Very well said. In fact the product of your decision is based on your patience
The more the bear market drags on, the more the patience of crypto users is tested. I believe this is a good time to do research and be knowledgeable about good crypto projects that are under the radar.
Patience is the most important part in a volatile market as there can be huge losses at any moment.
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