That's why patience is important in the crypto market!

in hive-183397 •  5 months ago 

Just as it is possible to succeed in crypto, you can fail very quickly here due to some carelessness. If you want to succeed here then the first condition is patience which you definitely need if you want to survive in the crypto market. No matter how much you are in a hurry and don't want to be a big man overnight, you must be very patient here. It is a common dialogue or common motto that success is never possible without patience. Be it in any field of life or online based market or digital currency market. If you are new to the market it will definitely be difficult for you to be patient but slowly you will understand how important it is to be patient in all these markets. Without patience, you will never be able to profit or exit these volatile markets with your capital.

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For example, if we look at the price of $steem from the past year, we can see that its price has dropped quite a bit, but it has increased since it was included in futures trading on the popular exchange site Binance. Then again, when the price of Bitcoin became unstable, its price dropped again. Also, sometimes we see the price of this coin go up quite a bit when a good amount of volume enters it. Coins rising or falling in price is a common phenomenon in the crypto market. It's not just that the price of $steem goes up and down. All coins in the market also decrease or increase in price. As we are not only in the case of this coin if you look at most coins in the market you will see how the prices have gone down and how those coins have gone up again when the price of Bitcoin has gone up. It should be remembered that any food has a good or bad position. And in all these bad situations one must be patient. Only then can you get out of there with success.

As we have seen in the past years after peaking the price of Bitcoin, the price of Bitcoin has come down a lot. Especially after the last Bitcoin halving, the price of Bitcoin came close to $15000. But those who were able to persevere are very successful today. For example, if we look at the market today, we can see that currently the price of Bitcoin is trading around 66 thousand dollars. Moreover, since Bitcoin is currently halfway completed, if we can wait well from now until next year, it will surely be a good fall for us because many people believe that the price of Bitcoin can rise to close to one hundred and eighty thousand dollars. If this is the case then we could be looking at an altcoin season of good volume. And hopefully if we persevere by buying good quality coins we can get out of here with multiples. So if we want to profit from the market then we must make ourselves experienced and also be patient because it is most important and we know the fruits of patience are always good.

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Nice article, indeed patience and a waiting attitude suits cryptocurrency perfectly and it's required for longevity in this space ifnot we would not last long.