Now the loading circle is in the bottom right hand corner, and loading infinitely.

I wouldn't be so upset if this wasn't the 3rd time I was fortunate enough for the server to have a slot open and then be stuck on this loading screen.
Is it because of the fact that the server itself is not open, and I must wait for an open slot for my character to begin in the world?

If that is the case, would I have to simply wait it out?