A lot of people ruined their last bull market. How did they do this? They failed to put money where they should have, then they realized too late and then hurried to put money where they shouldn't, when they realized this mistake, they go ahead to pull out too early, thinking the bull run was over, then ending up pulling too late at the end because of wrongly adjudicating or predicting the peak of the market.
The bull market peaks probably for a few weeks and the momentum lasts for a few months, and any decisions made in that period will end up deciding how your "four years" of bear market might be. For the people who made the right choice, they're immune to the bear market and in fact, reinvesting their lots again.
Now, one mistake of a person who previously made a mistake is trying to make sure they don't repeat the same mistakes, but believe me, people make mistakes again and again because they're so bent on fixing what went bad, they can't fix their plans, their mindset, selecting a different approach, looking at the reasons why they previously failed and all that. But this isn't a lecture, we humans, we sometimes know what is right on paper, but we just can't enact them in reality.
Missing opportunities is the nightmare of every crypto enthusiast, but in the heat of the moment, it's always difficult to even know that you're making a wrong call. People learn lessons when their emotions are stable, this is because it's practically impossible to learn when you're irrational. What makes one irrational? The fear of repeating the same mistakes. On the brighter side, no one can actually predict the market; when it falls, when it peaks, when it chooses to moon, the right time to trade, when to make those short witty moves.
What I tell people is to aim for 60 to 70% profit, anyone who aims for higher might get it, but chances are, you might get your timing wrong. It's like playing snake and ladder. No profit is too small, most people I know don't regret taking smaller profit, they only regret being greedy when they should have been sensible. It's life. Sometimes we cannot blame people for wanting perfection.
We don't know their background, they might be breadwinners, needing money for chronic illness treatment, wanting to permanently exit poverty and so many reasons, even when people choose to be greedy, they still have their reasons. The market does not respect anyone's background or backstory, so irrespective of where you are coming from, you can only do what the market demands: study, learn, understand, and make a move wanting to fix problems that caused so much pain, can lead to even more pain. Life makes it difficult to let go, and sometimes we make moves to avenge, restore, and correct.
When we should only carry the lessons of our previous disappointments and let them help determine our next move. Sure, we spend the bear market ruminating and putting things in place, but I've discovered that a few months into the bull market, people slip up, buy into irrelevant coins and projects, and abandon their original plans, that have been set for years. I don't blame people when they miss out, I just feel the reason they did must've been overwhelming. You might be reading and thinking "Oh this certainly can't be me", but the market can do anyone dirty, whether you're a guru, an influencer, or even despite your years of experiencing a diverse bear market.
Interested in some more of my works
Is it Easy To Make Money?
Nigeria: A Unique Business Market & Industry
Virtual Bank Apps In Nigeria: An Experience Of Gamification
How To Find The Next "BIG" Meme Coin
Personal Finance: Achieving Intentional "Saving" Goals
Playing The Survival Game: Human Nature In Introspection
"Un-PAYING" The Debt You Owe
Posted Using InLeo Alpha
