After a year, a lot of lessons that we did learn. There are 2 precious things that I think I should remember:
+ Fear
+ Greed
I learned that from my teacher, he said when you buy Bitcoin at 10k, it's then $12k your greed rises inside you and you don't want to take profit and expect more. Then, the downtrend is coming, BTC goes down to $8k, you'll be scared to cut loss, and what'll happen, you lose more while BTC drops to $4k.
So, we need to set up your expected profit point as well as the stoploss point.
How about you, what is your lesson?
yes your teacher is right we should not be greedy in investing in bitcoin. because if we are greedy we won't get anything. so when my $ 10k bitcoin price is bought and then rises to $ 12k I will sell and take a profit of $ 2k. then I will invest $ 10k again. it's better to get profit even a little than greedy but not get anything. greed makes us always expect prices to rise higher. while cryptocurrency is very volatile it cannot be predicted.