The waiting is the hardest part...

With so much constant talk of this coin going up 10X and that coin jumping 100X just a couple months ago, it's pretty tough to just sit and wait for the bear market to recover these days. You might be tempted to throw in the towel, sell off at a loss, and just get out altogether.

It's understandable, really. So many casual investors joined in at precisely the wrong time and now see their money halved - not a nice feeling. It seems in times like this, that patience is an immovable trait - you either have it, or you don't. This is not the case. Patience is more like a muscle - it needs to be exercised and conditioned.

How can you exercise your patience muscle? It's not easy, but there are a few ways:

Step back.

Some traders might just need to take a step back from looking at their portfolio every few days, hours, or even minutes. Find a way to keep your mind engaged with different activities. Simple things like reading a book, watching a show, going for a walk, or -gasp- spending more time with family and friends might be a good move.

Create an investment habit.

Instead of watching the market ebb and flow, choose a regular time and a regular quantity of money to invest (remember - only what you can afford to lose). Simply set aside your comfortable amount on a weekly or monthly basis - whatever works for you - and don't worry too much about buying during dips or all-time highs. While it's true you won't necessarily maximise your profits, you won't maximise your losses either. This can greatly help with reducing the emotional low and highs that are associated with timing buys. Remember that this is a long-term investment, so the price of a cryptocurrency tomorrow doesn't matter so much. What matters is the value and implementation of the cryptocurrency years from now, ideally.

Set aside some of your investment for fun-money.

If you really can't keep away from day-trading, set aside a small percentage, say 10 - 15%, to play with on exchanges. The majority of your crypto-investment should be safely stored offline in a hardware or paper wallet anyway. But if you really can't resist frequent market check-ups, play with a little bit of it. Exchanges like Binance have extremely low transaction fees and thus allow for frequent trading in small quantities, if you so choose.

Read up on future technology.

Check out white papers and stay in touch with the latest advancements in cryptocurrency. Focus on learning more about the technology. This may help focus your excitement about cryptocurrency on the positive potential of the technology, instead of just on the daily price fluctuations. It again helps point your mindset to the long-term game rather than the market ups and downs.

Patience requires practice and exercise.

This is as much a reminder to myself as it is to my readers! What are your best methods of practising patience in the fast-moving world of cryptocurrency? Share in the comments!

*This is not professional trading advice - it's just my opinion!

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