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?
I've learned the same thing. That is one of the worst mistake that we can commit due to greed and fear. We keep on expecting that the value of bitcoin will keep on rising but what will happen is the opposite of what we have been expecting which leads us to fear as we try hard to cut our loss to avoid further waste of time. We need to be more wise in our decisions here in crypto if we really want to benefit from it. We cannot expect always that things would go according to our favor so we should always think about the future and stop thinking about greed.