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.
Absolutely! The losing rate in cryptocurrency is too much high compare with the normal kind of investment such as in banks etc. However, cryptocurrency is also one of the most profitable asset right now. We just need to analyze who will work in a long term and in short term. You have been trapped because did not expect to have a small correction or downfall. If you are not ready with the reversal, try to hold your coins since it may goes back soon as bull arrives.