There are two angles to waiting. If you are a bag holder and you are waiting for a spike to offload your bag. This kind of waiting can be quite frustrating, you see your portfolio nosediving right in your presence and you are helpless. You are glue to the charts watching for any sign of life. The other waiting is much easier, you have your capital intact, you are just waiting for the best entry. It can be tricky too, it's not easy to tell the bottom and the best time to get in. You will lose out on good profits if you miss the entry. Patience is not an easy virtue but quite essential in crypto space
There is nothing wrong with waiting itself, but you must realize why you are waiting in the first place, there are many that are just waiting for an opportunity to sell their coins even for a loss and obviously those that are waiting with that intent are doing it for the wrong reasons, but if you are waiting because you are watching the markets and you are trying to find the best opportunity to try to make the most money out of your investment then you are doing it for the right reasons.