What strategy can one use to stay patient in the crypto market and not act on impulse?

[Fidelia]

One of the things that bother us crypto investors is not really lack of strategy but the ability to stay true to that strategy without being impulsive at some point and sell.

How can one develop the ability to stay patient in the crypto investment and stop acting on impulse?

 

[SilverLance]

To improve your discipline, start by setting clear goals and sticking to your strategy, regardless of market noise.

 

[Nomad]

You need to do research and see how powerful the crypto project is. You need to see community support and market adoption rate. You need to go for a long haul

 

[riberet19]

Using money you can realistically afford to lose is crucial for staying calm in the crypto market. Having done a thorough analysis and being confident in your investment thesis is another way to stay calm in the market.

 

[Nomad]

The most important thing is to be able to hold your assets until the market returns, if you cannot hold for longer period you will lose

 

[Augusta]

it is to stay patient in cryptocurrencies. it is not only a way to survive volatility, it can also be the key to making huge profits

 

[eLdavis]

I don't really think there is an actual strategy for this though, i believe it is more about being self discipline.

 

[Suba]

To remain patient and avoid impulsive actions in the crypto market, the first thing you need to do is create a solid plan, learn to manage your emotions, be realistic, understand the risks, and so on.

 

[Augusta]

it is to Set clear entry & exit points. Don't make decisions in the heat of the moment. Use alerts instead of staring at charts. Checking prices 24/7

 

[riberet19]

Patience and good entry points (buys) in crypto are almost all the work, but to enter at good buying points you sometimes have to wait too long and that drives the most impatient to despair. That price at which you hesitate to enter because it's too low is probably a good long-term purchase.