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2. The Crypto Winter: From late 2017 to early 2019, the cryptocurrency market experienced a prolonged bearish phase, which is commonly referred to as the "crypto winter." During this time, the total market capitalization of cryptocurrencies declined by over 80%, and many projects and businesses related to cryptocurrencies went bankrupt....
This is the first time crypto winter I experienced and I did so many mistakes during this. Having lost many times because of wrong investments, and being so frustrated with the market condition, moreover, I didn't see the market for months because I was depressed about the market conditions at that time. And it takes more courage and strength to enter the crypto world again with something different, learning from many previous mistakes.
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3. China's Crackdown on Cryptocurrencies: In 2021, China intensified its crackdown on cryptocurrencies, including Bitcoin mining and trading. This move caused a significant drop in the value of Bitcoin and other cryptocurrencies, and many Chinese investors and miners were forced to exit the market.
I think that it is not only about this situation and problem, but the bearish came quicker so I had some mistakes, too late to take profits and then the price collapsed. This is also the terrible situation, but I was more ready for this situation, at least actually I have prepared some ways to take profits previously before collapsing. But indeed, sometimes, being too late to take profits are really annoying and stressful.