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.
I totally agree. And not just in the trading market, but I think, in every department of cryptocurrency, whether it's in investing or even with bounties, patience is such an important character for a person to possess in order to actually be successful in this market. If you won't be patient it will be so hard for you to actually see through your ventures because you would tend to be impatient with them and prematurely take them out with the reality that you would forever not know if the venture could have been successful or not.