Post
Topic
Board Altcoin Discussion
Re: How was last crypto bear market
by
redwine49
on 23/04/2022, 13:01:09 UTC

The reality is that many people don't have patience when investing in crypto, even though patience is the key to successful investing in crypto.
It's true when the bear market that occurred in 2018 more people gave up at that time, than people who are patient holding until the price
goes up again. I was one of those who gave up at that time, because when the bear market occurred in 2018, the market actually fell very low,
I thought everything would end. Turns out I was wrong at the time and I learned from the mistakes I made in 2018.

Entering 2022, the bear market is back, although not as bad as it was in 2018, but still there are people who panic and sell their coins at low prices.
Even though we can learn from the events in 2018, no matter how low the price of crypto goes down, it will always go up again. But this only applies
to potential coins, therefore now I am also more patient with bear markets. And holding some coins that I consider potential, because I don't want
to regret it a second time.
It's not only patience we need but knowledge about which crypto we want to invest and ready to lose if we wrong.
I think that's the most important aspect about investing in cryptocurrency