How una see this state of impatience?
E dey obvious say a patient dog dey always eat the fattest bone...
I invested in a particular token as of last year, with my analysis the token was promising but within a period of 2weeks, the token experienced a price decline, out of fear I sold it all. And guess what, after the slight price decline... The token saw a price surge which would have given me at least an x10 profit within a short period but impatience killed it.
I had experienced this twice... The second time, after making the mistake of selling out of fear once again, though this time, the idea was fostered by one of my guy that's into chart analysis... after selling at loss due to the fear of not loosing it all.. the price started going up for like 2 days, then I bought again to follow the trend but guess what... the market was watching me this time and the price declined badly that I just had to forget about the funds..
Most times a little patience can worth it all even in our daily lives not just in the Crypto world.
Most altcoin prices increase due to rumors, greed, and widespread publicity on social media. Its price suddenly increases and when it decreases, no one knows whether it will increase later. Therefore, before buying an altcoin, it is necessary to plan when to buy and when to sell
?. In other words, investing in altcoins is a lot like trading. You have to know how to get out of it after making a profit. And you also have to have the mentality to tolerate the risk if there is any loss from it.
Most cryptocurrencies are volatile in nature. Accordingly, Bitcoin is also volatile in nature.
However,
according to Bitcoin's record, it is
understood that it is very transparent and
it is
a decentralized currency built on blockchain technology. As such, Bitcoin is a globally accepted digital asset. So even if the price decreases after investing here, you can wait patiently. But after investing in other crypto currencies, there is a fear of whether it will increase or not.
That is why those who stay patiently, without fear, in Bitcoin for a long time have the possibility of getting financial freedom in the future.