To be honest,,, I see the same lack of understanding even in people with years of experience. Some guys I know must have lived through at least 2 or 3 past Bitcoin cycles of going up to ATH and then drawing back 80% or even 90%,,, yet they all panicked and told me they were getting out when I was just getting in.
And now, they are telling me they never backed out, they only thought about it. I do not listen, I never have listened,,, but they always seem strange like this and tells me everybody is generally acting the same with trading, experienced or not.
Well, cryptocurrency trading is not for everyone. Even the most experienced traders, seem to make mistakes at times. Despite this, experienced users into crypto seem to be more mature than new ones. They're often watching the market in order to make the right move at the right time. Since they're quite fond of crypto's volatility, they try to minimize risks as much as possible. Still, one could become highly stressed if life savings were invested into cryptocurrencies.
Which is why, it's always important to never buy more coins than what you can't afford to lose. If you manage to put a small amount of money from your net income into crypto, then you might get lucky in the future as prices soar towards new heights. But if you become greedy, then you'll be prone to lose your hard-earned money with a bad investment decision.
Nonetheless, it's important to remain calm even on desperate situations like a bear market, in order to see the light at the end of the tunnel in the not-so-distant future. Just my thoughts
