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,don’t give up.
There are a lot of things you can learn from a bear market specially if you were present at the bull market season. One is that nothing lasts forever and it applies to crypto very much since its value is very volatile and there are a lot of things going on that affects is value. Another is that without experiencing sufferings or downfalls, you wouldn't learn to appreciate things you waited for and you strived to achieve. Lastly, patience is indeed a must-have in crypto and it can be seen clearly on those who were able to hold their bitcoin on the bear market up until the bull run.