The Importance of Patience in Crypto Investments

in #hive-16792214 days ago

CANVA

I have been in the crypto market around three years and one of the main lesson which I learned is that patience is the only key to our success.

Today I'm totally regretting with all my decisions I have made in the past three years. When the Bitcoin was around at $18,000, I invested lot of lot of money. But what happened when I have not enough patience and I get come in fear?

I did sell in a small profit and thought that the BTC bubble will burst and will come down and will reinvest when the price will settle even at low.

Similarly another big mistake which I made that I had invested $500 in XLM when the price was around 0.1, but unfortunately due to the rumors of the fight between Israel and Iran, I decided to sell my holding and will rebuy when I see the price even at 0.05.

That never happened and today you will see that XLM is at around 0.55 cent which is almost six times from the price that I wanted to invest.

This is what one of the main lesson which I learned that patience is the key towards success.

If you are a wise investor, you need to invest one time and you must hold till the peak of the bull run.

No doubt fear has no place in this market.

Patience is key.

Sometimes the best move is to do nothing.

It's not good that we constantly check short term charts like 15 minutes, one hour and four hour time frames. These all are anxiety and it will bring more trouble in our mind.

It's always better to zoom out and focus on the bigger picture.

We must look at the weekly time frame and monthly time frame for investment. This will help you out to invest in more confident.

If you are holding cash and you want to invest, I recommend to invest in your favorite coins and don't look upon to the news and never listen to the rumors even instead focus on to your goal and wait for the price you want to sell.

This will happen and that is how this market runs.

THANK YOU!