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In only one year i saw a bull and bear market together. It is something miraculous & I'm the witness or victim of both phases.
I was immature because of being a newbie into crypto space back in 2021 (told ya 600099 time's).
End of January was a time of my new beginning in crypto verse and the craze of learning more & more new things was at it's peak.
People were saying it is a bull market meanwhile i was just curious to know what does that even mean later i realised I'm too lucky being early before start of bull run and i literally messed up everything.
Bull run happened & Gone in a blink of eye. as a newbie i thought it will last at least for an year seeing other people excited for it and the hype back in time was too much fun.
And the lesson's i learned after a bull run it is worth sharing with you guys.
The first lesson of 2021 bull run is you must "be prepared for the bull run" Mentally or physically otherwise will only suffer from loss.
I wasn't ready when the bull run happened. I was learning what i should've avoided at that time. bull run is the time to find Gem's instead of learning useless thing's. They're useless coz it won't help you in anyway.
i was only two months old and still remember my mistake of learning trading, reading charts, analysis etc when bull run was about to start. I was too dumb back then.
Stop trading in the bull run
Trading isn't meant for everyone and there can be situation or fluctuation in market at bull run times which will lead you sell in panic or even worse.
I don't meant to say stop trading but always wait for the right time.
Biggest mistake of mine was doing trading in the bull run times instead of holding an asset and make shit tons of profit easily.
(My POV) Why to trade? When you can make good enough profit filling bags with good coins and holding till reaches new highs.
Mostly of people do this mistake coz of greed they don't sell anything even being in good profit's and later they cry when market crashes.
I'm a living example of this. Literally the worst mistake of mine in fist bull run of my life was not booking any profit
And kept making my fool saying I'll hold this coin for couple of years
Now my current portfolio is 10 times lesser than it was in bull run.
So don't be like tom who's lazy to take out profit be like You - a bit responsible and careful.
So these are the lessons i learned from all of mistakes in the past and My first bull run of life. Hope so it will benefit other's.
I have learned lesson doing these mistakes and might have missed so if you want to add something more feel free to do so.
Still a long way to go for new bull run probably or technically its in 2024 meanwhile some were already talking about that trying to fool and manipulate them like always.
As far i know we're in a situation where everyone is confused some saying BTC under 10k or some are claiming $40k back before the end of year
Meanwhile I'm just buying my favorite coins and holding few stablecoin for both situations.
Hope you all are ready for any situation as we know whole world is changing or becoming something else in the name of hyperinflation.
Also i wish you all a blessed and healthy August ahead. First day was so hectic for me and too tired now while writing this it's 3am already or I'm dying for sleep but haven't used social media so going to spend one hour on it and than will take a long sleep.