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.
I read your post and I can say that you are only partially correct. I think everything is not as simple as you describe. It is impossible to take only one side: the side on which one must be guided only by the previous experience or the side on which it is not necessary to take into account the previous experience. Here, as in any sphere, the most important thing is always to think. In order to be a successful trader, you just need experience. Only experience gives you the most valuable lessons. But all of its past conclusions should always be subject to sound doubt, adjusted for the situation that is developing right now.