Now there are three questions in America. 1. The sluggish economy 2. High inflation 3. The outbreak of the epidemic.
Dow plunges nearly 900 points on July 19 2021.Bitcoin drops back below $30,000 yesterday.
All are disappointing signs. Many investors plan to sell Bitcoin.Most people lose patienceIn for cryptocurrency.
But In long-term trading, in addition to knowledge, patience is more important than any other factor.How do u think of it?
I think its not about patience anymore, many investor have another urgency to cashout for this long pandemic survival and force them to sell it.
But i agree patience is important because if the condition became better, the economic will recover and the funds will come back to investment area.
Just try to think the golden rule. Never sale at lost unless there is an emergency, there is no need to worry in crypto of having fear that will disapper someday because there is a possibility that the worlds future of money is crypto currency, all we have to do is learn how to coup its volatility and patience in holding is a must.