This Is Why You might Be Wrong About The Next Bull Market
The bear market isn't for everyone, but the bull market is.
This is because bullish seasons are relatable, you see people moving assets, taking profit, making shitty choices, then redeeming themselves with some smart choices.
This is because almost everyone does this irrespective of whether they're Crypto gurus or not.
People make mistakes with the bull market because it's relatable, there's the dilemma with knowing where to take profit from or even the perfect timing to take it. Not knowing the perfect is always an issue, for example when people take profit too early, they're deemed to be small dreamers, and when they decide to wait too long and the market begins to decline, they're deemed to be too greedy.
The truth is no one can correctly sell at the top because no one knows when the apex of the market will hit the ATH (All time high) and then decline begins. However, no one's actually meant to take it all at the top without losing and this is profit irrespective of whether we take it at $50k or $68k.
These are some of the problems faced by people in bullish seasons. The biggest lessons from periods like this are always felt when the market has finally declined and the bull market begins. You'd see people saying, "oh my portfolio was worth a million dollars" and I didn't take profit. This is when the bubble begins to clear and regrets begin to set in.
The "Moon" Bubble
A lot of people live in the moon bubble when it's the bull market, this is because of the illusion of time. Although I cannot lie, people need time to make the right decision when it comes to taking a profit but sometimes, the bull season does not permit it.
The 2017 bull market was my first and it is probably going to be the shortest because, before March 2018, the bull market had already come.
The shortness of the cycle made people lose money because the rise was spontaneous, a lot of people miscalculated the timing and ended up not taking a profit even when they had the opportunity. However there's nothing to be ashamed of when people choose to take time when it comes to taking profit, but the market and its timing is a different kettle of fish.
So the issues that come with the bull market are relatable, but this isn't the same with the bear market. So many people lose their passion for crypto during the bear market, some others cannot withstand the emotional vagueness, while the regret of having lost so much in the previous seasons might still be a nightmare to some others.
A lot of people are beginning to plan for the next bull season and some of these plans are made to slightly adjust the errors of the previous season and this is how people tend to get better. The crypto seasons teach people differently and these experiences help people make better decisions when they have the chance again.
The Next Bull Run.....
However, the truth is, the next bull season might take a while longer and this is probably because of the world situation at the moment.
Some people are still living in the illusion that we might see the bull season from December and one of the things that is wrong with too much expectancy is that it takes away the mental preparedness of people and leaves them disappointed.
In crypto, you need mental preparedness else, you might fall by the wayside. With the way, things are going the best thing is to hope for the best but expect the worst. However, we can only hope the world gets over the issues with recession and some government stances on crypto gets relaxed with time.
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