What key lessons have you learned in this bear market? Are you going to change your trading approach and strategies after this bear?
For me, I think I see couple of mistakes in my strategy that I seen before but I guess I didn't react in time, and now I see it clearly:
- I should focus more on already well established coins, "bluechips" of crypto - Bitcoin and Ethereum
- DCA is a good way to accumulate more crypto, but if I am not taking any profits and just buying, as I did before, then what is the point? Most of the coins I held went down a lot from their ATH, and a lot of them won't come back near that ATH ever again. So, not selling is my mistake. Taking small profits is going to make me feel better
If I change those two things, I may have a better time with in the crypto market.
The other stuff I think I am doing pretty fine:
- using reputable cex and then sending coins to my wallet
- dca every month
- not checking charts all the time
- my seed phrase is on a safe place
- I am not playing with crazy apy tokens etc.
- upgraded my antivirus
- not clicking on any scammy mails, websites
- not going crazy for airdrops because a lot of them are scams
Edit: typo and forgot to put the other part that I typed in the notepad
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