Patience is a virtue

The crypto market has been on a weird spiral lately, with no one quite certain where it will go in the short or long term. Speculatios claim we're still in a bull market, so we should be braced for some positive volatility. This is probably why there's accumulation going on in the background and many people are holding out for a big win.

On the flip side of things, for a day trader, this is just another day and nothing special has happened in the market. According to my friend who always thinks I'm a day trader, "trade the market and not the feeling". According to him, the only thing that matters is now and nothing else.

Fascinatingly, both perspectives could be right. In fact, a bear could even stake a claim but at the end of the day, it is all about perspective. Each individual looking in will have their specific strategy that will be used to trade and tread the market.

Each strategy from each individual will of course be different because of the unique nature of their claims but there's one unifying factor. In my opinion, patience is an essential ingredient for any strategy to succeed.

So whether you're trading it fast on a daily or you're a long term holder, it is important to exercise a healthy level of patience. In fact, it is safe to say that patience is as important as the strategy itself because of how critical it is to success.

If you're creating a strategy in crypto; whether it is for trading or for randomly investing, then it is important that you ensure you employ a healthy dose of patience into the mix. It is what ensures that your actions are perfectly timed decisions and increases your chances of success.