Two weeks ago was very good for everybody in crypto because the feeling was bitcoin will break the 30k resistance and move into 35k and from there we should build momentum towards the biggest crypto bull run ever but this week we are back to where we are for the past few months which is red.
That is one thing about crypto sometimes it keeps your hopes high and sometimes it just put you in this sort of emotion that you can just understand and you be scared for your life if all you have is your portfolio. People are scared of the bear market for different reasons but the common ones are based on inexperience and experience.
Experience brings about understanding and this form of understanding are things people use the money to buy because no matter how many times you have read it in a book that it is good to hodl even when you make your research about a coin if you see your money going into the thin air you be shocked and worried and probably sell that coin. The perfect example is in forex trading because no matter how good you are with a demo account the first time you trade a real account the pressure and your decision-making will change.
Experience crypto investors are also humans but with experience, they know the situation is really bad and you must panic and they know when the price of the market is just tooling with your emotions so that you can sell and not be part of the future gainers. Even sometimes is not all experience money can buy unless you owned that person.
What a LUNA
No crypto person can forget the event of luna because we are all affected in one way or the other. We have those that the luna chases away from crypto completely because they lose their entire saving and we have those that keep going and keep believing but irrespective of anybody’s choice it was a terrible experience.
Some people will hold on to this experience and tell you they don't want to have anything to do with crypto while some experiences will make them extra careful when investing in crypto again and anytime they see red in the market this triggers them to make bad decisions. We all handle the bear market differently and the experience we have can be the reason why we make bad crypto decisions.
Conclusion
Some experience is good while some are bad, some experience will improve you over time and makes you better at making decisions while some experience is like trauma but in all good experience is the pathway to understanding.
