Losses in crypto to some extent are normal; sometimes they are what validate one's proof of having trading experience. It is only when one has some scars that he can make mention of what caused it and how one can be able to give a direction so as not to fall victim. Scars indicate the source of an injury and offer guidance on how to prevent it. Some losses in crypto can be traced to some carefree attitude exhibited by the trader or some lack of foresight that the trader probably lacked that necessitated the loss.
Evident enough is the fact that we have experienced BULL season to an extent this period and many have already printed some dollars, while others are yet to print because they timed their entry point wrongly or because their exit point was misjudged. Many people have some misfortunes associated with crypto and if they asked, they had an ugly experience that led to such but should we continue to count losses every now and again without having some profits, seeing that we all have needs and our wants are insatiable?
The Unpredictable and Volatile Nature of Crypto Market
The volatility of the crypto market is one thing that is sure to be scary and can be misjudged by the slightest miscounting and miscalculation, but outside of that too, the market might be volatile to some people with many losses counted, but it can still be one that is favourable to the other crypto traders out there, with the losses being replaced with gains.
One sure thing about the volatile nature of the crypto market is that regardless of one's losses and withdrawals from trading in the mean time, it isn't stopping others from trooping in too. Many are coming, whereas many are leaving. In the midst of all this, losses and gains are also counted. One of the ways to get it right is to calculate movement and risk before initiating a trade. If this is done, then one can say that his or her trading life is going in the right direction.
Just take a look at what has become of $BTC lately in the bull run—how it goes up and down, takes a particular form, breaks it and moves on back and forth again. I was thinking the other day, if I had one bitcoin, how many dollars could I have made in a matter of hours? I was even calculating it once it rises and adds like a $1,000 gain; I sell, watch, and await it till it comes down; I buy again; it rises; I do the same again; and so forth, but I later realised that there is more to this than I see it superficially.
Mark Your Time and Take the Bold Step
To many that have cashed out big time in this season of bull, it must have been that they took the big step of faith and risked big too. Living alone is a risk, as is crypto trading; nothing is 100% guaranteed, but there is always hope.
To mitigate the losses that might spring up in a time like this, do research. Coins making waves this season aren't just BTC and the other grandfathers of all cryptos; some altcoins, shitcoins and memecoins are out there doing fantastically okay.
When done the appropriate research, go for it and print some dollars too.