Cryptocurrency is a no go area if you are an emergency investor . By emergency investor, i imply someone who invests in cryptocurrency to get profits within some short period of time in order to settle some immediate financial. The probability of that happening cannot be ruled out, but in instances where they occur, the probability is about 1/10.
Patience is a virtue for bitcoin and another cryptocurrency investment. Prices exhibit intermittent Bearish and Bullish movements over short periods of times which may leave investors confused as to what step to take.
A successful investor studies the market, invests in a coin that always rises remarkably after a significant drops and take decisions in moments of highs and lows.
This will save a lot of anxious investors who sell their coins when prices are dropping, causing them to lose significantly.
Most of the traders are losing their money because they do not have enough patience for them to hold their coins. They are always panicking because they do not believe to their selves.
Yes it is true that patience is a virtue in trading cryptocurrency because in trading you can't make sure that everytime you trade you can easily get your profit or you can easily get a huge earning. You still need to have a long patience on waiting your turn to get earn and also having a long patience to avoid losing your money.