People who lack patience can barely become successful traders because they will give up easily. No matter what you do in this world, you can't become successful in the first attempt, even if you do, you shouldn't expect to stay successful forever. There will surely be ups and downs in the journey, so be ready for it.
Indeed. When it comes to volatile markets like the cryptocurrency market, it's all about patience because if you are impatient, you will lose both money and opportunities. You lose money when you close your trades at the wrong time, and you lose opportunities if you take positions quickly because sometimes you need to wait for the market to give you better opportunities to get more profit, impatience can make you lose such opportunities.
I've seen a lot of people buying Bitcoin when the price is high and even when the market is giving signals that it is going to have a correction, but they don't wait because they are impatient and they think they will miss profits if it goes up from there. This can also be because of a lack of knowledge and understanding of the market.
Hence, you are right that without patience, one can hardly gain success in anything they do, be it trading or something else.