I was among those traders who placed a buy order when bitcoin was at the ATH , so in other words i went into the bitcoin market at a time which was late , and my investment have reduced to almost nothing, I am waiting for the bitcoin price to someday go back to its previous ATH so that I can at least recover my investment even before I can start thinking about making profits..
What lesson did I learn from the current bearish market?? I learnt that one should always avoid over-confidence if you are really interested in becoming a successful trader..
Over-confidence on the market made me to enter the bitcoin market at a time where many people advised me to wait for the price to drop before buying, I refused to listen because I was too confident that bitcoin would reach $80000 at the moment when I placed the buy order...
Now I have learnt my lesson and I have realized that I cannot always be right on the crypto market and so I need to take it easy with the confidence which I have on the crypto market , having confidence on the market is not a bad thing to do , but over-confidence is one thing we need to avoid..I have learnt from my own experience and I am hoping bitcoin goes back up again...sighs..
