The most difficult part of trading in the cryptocurrency world is waiting with an empty position. In the investment field, as long as there is patience, friends who learn to wait will definitely benefit, and this is especially true for cryptocurrency trading. Calmly waiting will lead to a good price, a very good buying point, but people more often chase immediate benefits, truly afraid of missing out on a fortune. However, in real life, too many retail investors cannot tolerate waiting; the wait is too long to bear.
If you can't stand it, it's recommended to find other things to do, interact more with nature, flowers, and plants, enrich yourself, and forget about the mental prison that can be operated at any time, 24 hours a day, 365 days a year.
Entering the cryptocurrency world, regardless of how high your emotional intelligence or IQ is, if you lack patience, you will ultimately end up as a complete failure, utterly terrible. This is because most of them have unstable personalities and emotions, and the cryptocurrency world can easily reveal their bad tempers, leading to unstable mindsets and distorted operations.
In the process of investing in the cryptocurrency world, if you feel that your luck is bad, utterly terrible, and your operations are always distorted, it might be a good idea to go out more often, walk around, and bring some good luck back. The mountains and rivers can absorb the negative energy from investors, cultivate one's mood, and become a source of personal vitality.
Waiting, patience, and keeping an empty position all test a person's character. This group of data was obtained from countless statistics by predecessors in the cryptocurrency world.
1. Trading more than 10 times a day yields an average return of -79.2% over 3 years. 2. Trading more than 5 times a day yields an average return of -55% over 3 years. 3. Trading more than once a day yields an average return of -31.5% over 3 years. 4. Trading more than 0.3 times a day yields an average return of 12% over 3 years. 5. Trading once a day yields an average return of 59%. 6. Over 90% of people lose money in trading, which shows how difficult it is to reduce trading frequency; in a momentarily changing magical market, doing nothing is very hard.
The years of insight from seasoned cryptocurrency investors. True traders only care about two things: what to do if the market proves they made the right move after buying, and what to do if the market proves they made a mistake after buying. Trading opportunities are not always available, so patience is especially important. Patiently waiting with an empty position for trends and timing. Patiently holding positions while waiting for trends to conclude. Patiently accumulating, as compound interest is the way to go. Patiently learning, as deep accumulation leads to thin distribution.
There are only two types of people who make money in the cryptocurrency world. The first type is those who can patiently wait with an empty position for a significant drop, adding their identified valuable coins to their watchlist ahead of time. When a market drop occurs, they buy in full, reaping great rewards. The second type is value investors who buy quality coins during bear markets, hold them long-term, and use regular investments to let compound interest roll and explode in power. Achieving these two points will definitely outperform 90% of retail investors who chase after high prices while saving effort and worry.
When the market develops according to the trader's judgment, there's no need to do anything; just watch patiently. Therefore, it must be understood that trading is just a momentary action. Throughout the year, 365 days, the actual trading time may only be a few hours, while the rest is a long and lonely wait.
The most important thing in trading is waiting; 99% of the time is spent waiting, while buying and selling happens in an instant! Wait with an empty position for opportunities, and hold positions to secure profits! Wait for the right moment! Wait for opportunities within your trading system and model, that is, your buy and sell points. Waiting takes time and requires patience, so patience is crucial!
Investing in cryptocurrency requires patience, whether it's waiting with an empty position for the right opportunity or holding a full position while waiting for a rise, both are essential paths. Realizing that investment is like farming, after sowing seeds, you should not rush to harvest; understanding that growth takes time makes such waiting reasonable. Just as farmers follow natural laws, knowing that there must be a waiting period between sowing and harvesting, cryptocurrency investors who understand market cycles can calmly face waiting, viewing it as an integral part of the investment process, as indispensable and tranquil as daily breathing.
Regarding the current cryptocurrency market situation, there is a pattern that the rhythm of a bull market always starts with minor bull runs, followed by a period of decline and volatility for a washout, before finally welcoming a true bull market. It's like a marathon, starting with a slow jog to warm up, then building strength with a moderate pace, and finally sprinting with full effort!
Currently, the cryptocurrency world has completed this minor bull run, and it may enter a phase of volatility or decline. This stage could last from 4 to 6 months at most, or at least 1 to 2 months, like a brief storm. Please wait patiently; after the storm, there will be a brilliant rainbow!
