Wisdom Gained, Lessons Learned: My Crypto Investment

in LeoFinance8 months ago

Every market has a bullish and bearish trend cycle, and every investor is looking for the right time to purchase and sell at the best price.

Some people take advantage of opportunities, while others pass them up. Some regret. Meanwhile, some benefit much and celebrate their happiness.

Some people have a strategy for entering the crypto market and investing in the best crypto coins, while others invest blindly. This is the major distinction between an investor and a beginner.

Anyway, there are many experiences left in the crypto market from this cycle. Many people learn from their failures, whereas others abandon the market due to regret.

It's my first bullish and bearish trend in the cryptocurrency market since entering the industry. I've learnt a lot from my blunders, and I'll discuss the ones I made during the bear market.

Keep in mind that the bear market is better than the bull market for collecting better coins and increasing your wealth.

The biggest mistake I made during the bear market was not diversifying my portfolio. I get stuck on the single coin that is #hive.

I trusted this currency and expected it to provide me with a significant advantage throughout the upward trend, but for the time being, I am disappointed because #hive's price has dropped and is opposite to my expectations.

However, some coins have seen significant price movements. I've always compared #SAND to #HIVE, and the price of #sand is now close to $0.80, while #hive remains at $0.4.

This is my biggest mistake: I didn't diversify my portfolio, but I also made a good decision by buying cryptocurrency. That is the DCA dollar cost averaging.

This is one of the most effective strategies I've used to accumulate more #hive coins during the down market. I persisted on buying at different levels from Dollar 1 until the price of the hive reached $0.5

I kept buying at various levels until my buying average dropped. This is one of the greatest strategies during the bear season, and it is a wise decision in the trend. I'm looking forward to selling my coins for a greater price and making another wise decision.

You can also discuss your biggest mistakes and best decisions from this bullish and bearish trend.

I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

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TWITTER TELEGRAM HIVE WHATSAPP DISCORD

IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA

REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.

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No matter how deep a knowledge an individual or firm has. The perfect timing in entering the market is very important.