I will like to say the plain truth about what I have think laid ahead of us as an investors, traders and speculators on cryptocurrencies market. Many of us that know about cryptocurrencies and bitcoin since 2010 and 2011 and did not see any reason to buy and hold till 2017 before selling will testify that impatient is the reason why they are not millionaire in the local currency.
in cryptocurrencies market we are witnessing transfer of wealth and this transfer is been done through creating a system that make some group of people selling their holding because of the fear of what the future hold. The wise one are buying and hold for 2 to 3 years before thinking to sell.
if you want to be a future millionaire and billionaire? then think on how important it is for you to keep holding and patient with the market and in 2 to 3 years to come if you will not be in money, this money always come from the impatient one.
Goodluck to you friend.
I am agree that people should patient with their own investment. Cryptomarket will always continue and i do believe its a long game. Holding it for long term is profitable.
The targets of most whales are usually the greedy and impatient ones. Certainly, the mindset someone brings into the market will determine whether they will end up being patient or not. Which from the look of a lot of things here, so many people today entered this market because they had the mindset of getting rich overnight, without a slight idea of how market operates, what they are investing in, and how they should be approaching the market, and when reality starts setting in, you start seeing them panic, blaming everybody but themselves, and then bailing out of the market at loss. As long as you have the wrong mindset, you will definitely be impatient and as long as you are impatient you will always be screwed in the end.