If you read our blog on how we turned 10k into 100k, you can see how easily we turned a couple trades into six figures. However, if you didn't know when to exit or tether up, your 100k likely turned back to 10k and below rather quickly in Q1.
Why'd this happen?
Easy. It always happens.
Look at the historical charts for Bitcoin going back to 2014. Now this doesn't mean old charts will always determine the future, because it won't, but it is important to know your market seasons. Between the Chinese New Year, tax season in the US, and the nature of market corrections, there were plenty of indicators for experienced traders to know when and how to take advantage.
Those who took the biggest hit were the 'hodlers'. Not that it's a bad thing.. if you don't want to deal with the stresses of trading. The crypto market is still booming and all of those losses will soon be recovered and then some. However if you're looking for crazy, life-changing profits, you can find great opportunities even in a bearish market with a little smart trading.