BE PREPARED FOR THE WORST: In this bear market,I have learnt that the worst could happen,so we should always prepare for the worst.Many have lost up to 80% of their portfolio to this bear market because they are not expecting the worst to happen,unfortunately,they are caught up in it.If they had prepare for the worst,they could have done something about their portfolio at the beginning of the bear market.
DECISION BASED ON PAST EXPERIENCE MAY NEVER BE THE RIGHT ONE:It may be risky to base your decision on assumption.At the beginning of this bear market,there was a lot of assumption,many so sure that before we close our eyes and open,bull run will be here.Nobody ever expect the bear market to be this long,so, many decision made base on this assumptions as lead to frustration today.
In crypto,today you are up and tomorrow you are down.
To those caught up in it,you can only hope for the best,dont give up.
One lesson I have learned from bear market over the years is to take the trend as your friend and there is basically no way you can achieve that if you do not have the knowledge it takes to at least be able to make short or long term market decisions. There will always be fluctuations, period for the bulls to shine and period for the bears to shine and if you are really able to manage yourself well in any case, I am sure, there is absolutely no way you won't be able to do well even in a bear market.
What is important is that your approach to the market should still be about the long term potential, even if you want to be taking advantage of the short term.