Patient is a virtue they said, it is something you don't buy with money rather it's something intrinsic you develop from the inside but I think one can be patient but at the end of the day it doesn't pay off and this is because what makes your waiting make more sense and rewarding wasn't added in the waiting process and because it's missing, regardless of how long you wait, nothing is gonna be rewarded. This is a case study of stacking your crypto portfolio with coins that aren't of value.
This is your preferred writer, @the-african-man reporting crypto matters from an African way yet thoughtful and worth reading. Sit back, relax and let's take the ride together.
Hours ago, this topic crossed my mind when I was having a thought about the nature of crypto market currently and what could likely be the portfolios of many wallets world wide. The necessary preparations and hopes people have put in the crypto market, having the faith that the bull market is gonna come soon and whilst they prepare for it, it's necessary they stack their wallet with coins they think have a great future which would pay off. I mean that's a good idea and that's what many are doing at the moment but then do you know that not all stacks of coins would reward the stacker regardless of the time spent in stacking them and the patience attached to it?
Definitely it's good exploring the crypto market and having a good timing of what the market brings which definitely every profit trader goes for a coin when the price is down, stakes the coin and waits for the bull run when the prices skyrockets, sells them and makes return but during those times, patience is employed but do you know that depending on the project a coin is attached to, once it's down and the project experiences a distrust from investors,and they pull out,no amount of patience from the staker would make the coin profitable again? So one thing is about having thousands of coins staked, another thing is about having patience while hoping things unfold for good and another thing is being on loss and patience not paying off.
Having the Proper Vision While Staking
Its important to not that staking a coin isn't all where it starts or ends, the first step is making a comprehensive research about the project that is associated with coins first to know if it's a promising one before investing on it. The fact still remains that not all coins are promising and not all coins will pay and have make profits regardless of even if the bull season comes and stays for a longer period of time.
Visionary and purposeful investors with a great sight of food projects having made their comprehensive research are ones that always enjoy the goodies that comes from their crypto portfolio when the bull season comes.
So technically, it isn't enough to have patience and be waiting for a coin to turn up because patience isn't the key to crypto earnings and riches but rather insightful patience with a good direction of hope pays off.
The Crypto Market Can be Unpredictable
This remains the killer beam around crypto market. Most times where all the hope is tired to doesn't profit because at some point not all predictions about a coin goes the right way, some falls to the ground but that doesn't water down the role of crypto predictions in profit making as far as crypto is concerned.
Some investors though they know nothing is 100% when it comes to crypto predictions, development of the right mindset, knowing when to leave a trade or initiate one, right educational background coming from question asking from gurus in the field, making a thorough research and also going in with the best strategy which makes one analyse even the smallest details and shifts which could be a red flag, gains would be guaranteed. Its never rosy out there, the investor you see cashing out big time in the crypto space has also lost a lot, so don't just follow the glory, look for the pains too.