First of all, by taking a short look at the chart: we can understand that one thing will never change: HUMAN NATURE.
Every time Bitcoin or any other cryptocurrency is getting into a peak (all-time-high), we see a correction (a.k.a - reversal).
Volumes are not getting any lower during the corrections so we can agree on one thing - the market is changing, but our greed will never change.
Most of the investors represent the large volumes of this market. The traders who are cashing out profits when prices reach an all-time high, and buying the dips when prices are dropping.
The biggest risk that volatile market might face investor is bad habits.
In order to stick to your first initial goal - the same one that made you step in, we all might better follow several simple steps. For some of you, they are grind rules, for the others just a reminder.
#Set up yourself a realistic target.
#Research the fundamentals (news, announcements ,etc) - if there are any good news the might drive prices even higher - might worth waiting.
#Take an educated decision that relying on your research, we all are exposed to the same opportunities.
#Make sure you are not a sheep that follow the crowd. [gossip ain't a trend]
#Put it into actions and repeat over and over again, till you become an expert.
I believe that by sticking to a plan and treating our trading venture like a business will avoid some future potential losses.
Do not consider this post as a financial advisor and be aware how to manage your money by yourself.
Please feel free adding your 'golden tips'!