What is your exorbitant lesson investing in crypto last bull market (2021-2022)? I will like to share mine...
1. I watch YouTube videos of people gambling on meme coins with just 100$ and making thousands of dollars, I did the same and I ended up with tokens that I can't sell on an exchange, buying works but not selling.
2. Friends told me that Vitalik have promised Proof of Stake on Ethereum for years and it never came to past, I believe them and invested in Eth mining equipment, I am now selling to gamers since they are not profitable, not even a bit.
3. 100k per BTC nearly brainwashed me, I escaped this though but I really believed it, if I had some funds at the time I might have invested on BTC at ATH, thinking its going to 100k.
Those are a lot of lessons you needed to learn but while you may feel like the losses are too great, believe me when I say to you that this is not rare at all and there are many people which made way bigger mistakes than you.
In my case probably the only mistake I made during this bull run was to not invest more in bitcoin after its crash on March of 2020, but I do not think too much about it as no one knew how bad things will get due to the pandemic, so it is a mistake I can easily let go.
Well, looking at all those things, I can say that they can be speculations, they are also investment focused thoughts, but if we stop more, we could see that these are some of the things that we are most interested in, is that if BTC reaches $100K Things would change drastically, there would be new millionaires, those who have bought BTC for the 19k levels would be the kings, and obviously upon reaching $100k I would see it as an ATH that could continue to grow much faster than normal, and that would mark the difference in many cases, so much so that I would prefer to think of a $150k ATH, and beware if it is more.
There are people who do eventually learn up on things that they have experienced back in the past which whenever we are on a hyping or fomo'ing market then this is where we should really be that careful
on buying because anytime soon it would really be making out corrections or declines afterwards.We cant really just have a market on having a single movement which you should presume out that reverse trend
could really happen.If we do make out comparison into those people who had been on this market for a couple of years into those who had just recently learned on this market.
Then their actions would really be varying or according into their experiences back in the past on how much aware they are.