The importance of patience in crypto trading success can only be told by those who have impatiently sold at a loss and later found that the price of the coins is much higher than the position they sold. To be honest we all know that crypto means they are famous for volatility. Patience is the most important thing if you want to do well in this volatile market. Also we all know about a saying that "Patience always pays off". Just as there are bad times in our lives, there are also bad times when we invest in online currencies. And we should be patient at that moment. If you are new to crypto then you should try to be patient from now on. And today's posts are for you.
[Source](https://pixabay.com/photos/trading-blockchain-cryptocurrency-6531134/)
For example, our portfolios were in a good position last month or a few days ago when Bitcoin prices hit all-time highs and Bitcoin dominance went down. Then many people went to a better position with their portfolios increasing several times. However, from this position in the market, the market suddenly began to slowly decline again as Bitcoin's dominance began to rise again. When the market started to drop a few days ago, many people got out of the market out of fear or got liquidated in futures trading. But those who survived the market at that time are recovering their funds or are in profit. This is why the crypto sector will need patience.
Liquidation is a common occurrence in futures trading especially when the market becomes volatile. But I would advise you if you are a newbie never go into futures trading. Because they always feel like gambling to me. You may profit a few times but once liquidated your entire money is gone. And this is a common occurrence for all traders no matter how big. However, if you spot dead without trading futures, you can sit patiently regardless of how down the market is. But of course you have to pick good quality coins and you have to sit patiently without panicking when the price of those coins goes down. We usually find that when the market goes down a bit, many people always panic when the market goes down. We all get frustrated at first but the sooner you get over it the sooner you will find success in the crypto market.
For example, if you check your portfolio today compared to the past few days, you will find that your portfolio has increased significantly compared to the past few days. That is, if you panic and sell when the market goes down, you lose. Remember that the market never goes up continuously but there are occasional ups and downs and these ups and downs are usually done to get panicky investors like us out of the market. Because fear of missing out is created in us so that when the price goes down we sell out of fear and when the price of the coins goes up we start buying the coins at a higher price. So I think if you buy coins of good projects no matter how the market goes up and down you will test your patience in that position and you will see that at the end of the day you are in a good profit.
