In the near term it looks like we will only see a market with a dominant red color as bitcoin has failed to break the USD 40,000 resistance barrier and after this it looks like it will continue to fall even further. I hope everyone is mentally prepared to face conditions that we may not want.
The importance of planning ahead is to make sure that you have alternative adjustments if it's needed to survive with the kind of
market we are facing, there are different traders who continue to enjoy the situation, whether it's bull or bear they've got system
that will allow them to benefits.
Panic is usually related to analyzing not deep but we want the long term. Though learning the fundamentals of the project is very necessary, but some people just follow the trend, so when buying suddenly the price falls when it has good potential for the long term, they prefer to lose.
Instead of gaining good benefits, the timing isn't right and fears conquers those kind of investors. Losing is common when you failed
to analyze and you quickly just the market movement instead of observing it well.