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?
We have mixed emotions whenever we are investing in bitcoin. It can either be fear and excitement at the same time or can be greed and contentment coming together. The uncertainty and the volatility of bitcoin's value surely contributes on the way we feel every time we are risking large amount of money. We should be in control of our emotions whenever we are investing so that we won't make stupid decisions that will lead us to misery, disappointments and regrets.