I remember when I joined steem in 2018 the crypto market was still booming and everybody was earning massively, steem was about 10$ then and I stake up each of my reward because I thought the price will continue to go up but I know nothing about the bear and the bull markets.
No strategy in place, no plans, I was just earning and happy because everything was so high. My happy bullish markets was short lived, comes the bearish market and its psychological effects.
The price keep dropping untill I decided I won't sell any of my token but I couldn't take it when it enters cents and i later started doing research but it was late before I could do anything and I sold most of my earnings at a very cheap price.
Good things don't last forever, it comes and go but what is most important is what we do with it while it was with us. Sometimes we don't know the importance of the things we have untill is gone.
Crypto bull run won't be around forever, if bull run (the time of plenty) not manage very well might lead to loss of money during the bear run. During the bull run you strategized your income and must sever as opportunity to grow every area in your portfolio.
Bull run is the time to take some profit and hold it up till bear market and reinvest to have better chances in another bull run.
Nobody knows you better than you do, you must build a proper plan that work for you. A plan that will help you save up during the bearish market and harvest well during the bullish market.
The plan might be with crypto or off crypto, just make sure it works and it help you carry yourself during the bearish season. Bearish season can be tough and psychological.
You must have good money management during the bull run. Don't spend lavishly during this period and forget later. Take your time to develop proper plan, build steadily and spend wisely.
Thanks for your time.
