Patience is the point that we can only control with great difficulty. Among the human instincts is haste and curiosity.
This is the point at which whales play in the cryptocurrency market, will you survive?
In the beginning, patience and waiting are deadly things that are very difficult for you to control, so you often sell at a loss so as not to lose more and even not to wait for the rise. You just want to enter into another deal and win and compensate for what you lost.
That point the whales know well and set up the network for you and be patient and wait until you fall into it, so the trading process is a game of patience, not only in the world of crypto, but also in any trading, whether in the forex or the stock market, you enter deals in a hurry, just do not wait until the right moment and do not wait for the right candle.
Therefore, the word Hodl was not from Fara. Perhaps the letters of the word were accidentally reversed in one of the forums, but if we look at it from another angle, it is different from the normal Hold because we are waiting here not for travel, a person or a download game, but waiting for a gain or loss in real money, which is difficult Very impatient or wait.
So since I am not a whale and also a modern trader, but what I have learned and read in psychology may help here a little. You should make it a challenge. I will wait and beat them until they get bored of me.
Finally...
Based on the previous words that I told you, I would like to clarify that this patience game is not suitable as a main source of income for you. As I said, the trading process requires patience and waiting, but your stomach will not wait for food, so make it as entertainment, entertainment or an additional source of income side, but do not rely on it in a way Basic .
Also, in order to be patient with a currency, you must be a very good student of this currency. Not everything we are patient with. You should only enter into strong and reliable currencies such as Bitcoin, Ethereum and other currencies with a strong history and project, otherwise you waste your time waiting for nothing.
Thank You All
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STOPTo support your work, I also upvoted your post!
Knowledge and experience is also required. Never and ever be in hurry.
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This is actually the fact,in trading just like you said it is vital that we exercise high level of patients in dealing with all this token,cause at times they tend to faustrate the level of how patient
Many who do sell most times due to the dip in the price of a token .OST times do later regret for selling too early most times,so it is vital that we exercise little patients and if possible study the market chart before rushing into any conclusion