09-04-2022, 11:33 PM
What lessons have you taken from this market cycle?
<!-- SC_OFF --><div class="md"><p>Learning from mistakes, whether yr own or others, is an important part of being invested in cryptocurrency. We’ve all kicked ourselves over bad decisions and missed opportunities. Remembering these mistakes and figuring out how to avoid making them in the future sets you up for success in the next bull market.</p> <p>Last time around during the 2018 crash, the most important lesson I learned was to DCA. I yolo’d into crypto and was devastated when everything started turning red. If I had spread out my buy-ins, I could have made better decisions about which coins to buy and lower my average cost. Additionally, if I had DCA’d during the entire bear market, I would have started the recent bull run in a much stronger position.</p> <p>Now that we’re well into the more recent cycle’s bear market, I’m looking back at what I have learned and what I’ll do differently next time around. For me, I’m making a commitment to take profits. I only did this a handful of times during 2021 and to avoid making the same mistake in the future, I’ve written down a profit-taking plan so it is in place for the next bull run.</p> <p>Curious to see what others here feel are the most important lessons they’ve learned recently.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/thegooddocgonzo"> /u/thegooddocgonzo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x5ve1h/what_lessons_have_you_taken_from_this_market_cycle/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x5ve1h/what_lessons_have_you_taken_from_this_market_cycle/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Learning from mistakes, whether yr own or others, is an important part of being invested in cryptocurrency. We’ve all kicked ourselves over bad decisions and missed opportunities. Remembering these mistakes and figuring out how to avoid making them in the future sets you up for success in the next bull market.</p> <p>Last time around during the 2018 crash, the most important lesson I learned was to DCA. I yolo’d into crypto and was devastated when everything started turning red. If I had spread out my buy-ins, I could have made better decisions about which coins to buy and lower my average cost. Additionally, if I had DCA’d during the entire bear market, I would have started the recent bull run in a much stronger position.</p> <p>Now that we’re well into the more recent cycle’s bear market, I’m looking back at what I have learned and what I’ll do differently next time around. For me, I’m making a commitment to take profits. I only did this a handful of times during 2021 and to avoid making the same mistake in the future, I’ve written down a profit-taking plan so it is in place for the next bull run.</p> <p>Curious to see what others here feel are the most important lessons they’ve learned recently.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/thegooddocgonzo"> /u/thegooddocgonzo </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x5ve1h/what_lessons_have_you_taken_from_this_market_cycle/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/x5ve1h/what_lessons_have_you_taken_from_this_market_cycle/">[comments]</a></span>