Hey guys, Cryptonickzos here. I have been in the space for around 2 years now, which is 20 years in Cryptocurrency Age (lol). I've learned so much in the past 2 years it's ridiculous. It was love at first site. The technology is Revolutionary and the Community is amazing. That being said, I have a message for the newer Investors in the space and I feel like its one of the most important things you can learn to do and have.
IF you master the skill of patience in this market you will be successful. Obviously as everyone knows Bitcoin has gone up year after to year since the beginning of time, so chances are that it'll continue especially due to the Mass Adoption that is taking place. The institutions and big time Investors are all incoming and you must prepare yourself to be able to ride the waves. You're almost there considering we have been in a rough bull market the past 5 months.
One of many problems that us Investors constantly make is forget to take profits. Especially when we are in a Bull Market and you're making a insane amount of money daily. It's addicting, I don't blame you. This is the ultimate learning lesson. You have to remember to take profits but oh well, no point in dwelling in the past! One of the most important things to do to get through the bear market is working on your patience.
Even though we've been in a Bear Market for about 5 Months now, we are at the end of it whether you know it or not. The bright side about all this is that is almost over and applaud you for being able to hold it through! This is the time to accumulate. If you haven't doubled down, I would recommend you take a good long look into it. This is the perfect time, and will easily be a 2-10x+ from these lows (obviously depending on the coins you're invested in). The common mistake that just about every Investor is guilty of is FOMO'ing into buying coins as they go up. You should buy when coins are going DOWN. If the fundamentals of your coin/token haven't changed, then why not buy on the dip? I guess you could say that's a Million Dollar question.
For all the Newer Investors out there, bottom line is that Patience is the Key to Success in the Cryptocurrency Market and with Life in general. Also buying on a DIP and when the market has CRASHED is the best time to buy, not when the Coins are FLYING! The main thing to ask yourself with that is "Have the Fundamentals on this coin Changed?" If the answer is "No" then you're golden my friends!
-@Cryptonickzos