The hurdle of bulls and bears in crypto world

Due to the fierce bull-bear conflict in late December and early January, smart traders got a silver spoon in their mouths, but ordinary traders were forked.

Make hay while the sun shines

Some cryptos lured traders with attractive gains, like Bitcoin value increasing by 7% in a day, $TRB token increasing by 600%, $PEOPLE token increasing by more than 100%, etc.; then suddenly their prices dropped. Those who bought and sold during the bull market made profits, but those who invested at the wrong time suffered losses.

Traders should not throw down the gauntlet

Traders are required to either buy to hold or sell at normal profits. But traders also try to recover their past losses, which is not so easy; the losses have not yet been compensated, even for those who had invested in the bull era of 2020–21. Therefore, traders will have to maintain their capital balance.

Catch-22 traders need new strategies

Traders need to improve or change those strategies that are not yielding profits; those are closed books. However, do not change low-profit yielding strategies because small profits are a safety from losses. Traders need to change strategies that are causing losses and keep a record to avoid any similar mistakes in the future.