I had a conversation with a friend earlier today where we discussed about how he bought hive during the bull run when the price was at $3 then and the reason he decided to buy during that time was because of the fast pump that was showcasing then that allowed him buy at that time. We all could understand that this is an investment that don't have a stable price and if we notice or experience any opportunity then we should grab it to invest.
But with the case of the bull run in my own aspect is kind of different because we could still relate that during the bull run, prices are more expensive to buy than when it is low and buying at that time is even more risky than when we invest during the bear market. My friend wouldn't have bothered if it was during this time he bought hive because now it will even be cheaper with more coin than purchasing it during the bull run.
However he won't be the first neither will he be the last to do so but what I believe is that it is very much advisable to know the right step to take before investing. Understanding the market more should ring in our mindset that the bear market should be more preferable to invest than the bull market but it is still a matter of choice though depending on how we want to utilize it.
We can't tell when a particular price will pump to a certain amount neither can we tell when it will trend for a long time or take place but with the time we are opportuned to invest we should do it with a positive mindset to achieve gains. We know how Profitable it can be when we buy more coin now and sell during the bull run and we also know how loss can take place when we buy during the bull market and sell when the bear market is experiencing bloodbath.
We aren't perfect in this investing strategy because we really don't the fluctuation of the market of what it can showcase but with our knowledge and involvement spent, there should be a better process to take in Investing for better days. There is no perfect investor which is what I believe because anyone involve in Cryptocurrency will experience both loss and profits so it shouldn't be a new thing at all to anyone.
Our target is to make enough gains in cryptocurrency but it also have it process to enable that happen which is the complain my friend was feeling sad about with the step and action he took. Invest wisely is really needed in cryptocurrency and also the aim of fear should be avoided because that wouldn't help at all to invest for a long time in cryptocurrency if we have that mindset.
We will make mistakes which is a normal situation and also we will correct them to avoid it repeating again and with that mindset there is an assurance of growing positively when we find ourselves following the right track to success.