What are the three most common mistakes ordinary investors make in the early stages of a bear market?

Mistake 1: Confusing the "early stage of a bear market" with a "bull market correction"
Most people think the initial decline in a bear market is just a correction in a bull market. The fundamental reason is that the drop in the early stage of a bear market often appears to be a correction structurally, but in essence, it is a trend reversal.
Mistake 2: Overly trusting "grand narratives" and ignoring the price movements themselves
In the early stage of a bear market, the narrative still seems perfect: institutions are still present, the logic remains, long-term target prices are still there, and social media is full of voices like "long-term optimism" and "super cycle."
Mistake 3: Lacking "cash awareness" and going all-in to face uncertainty
Cash is meant to give you a choice—this is a common mistake among most people, including some companies.
One sentence: The most damaging thing in the early stage of a bear market is not the decline itself, but—using bull market thinking to handle bear market issues. #Bitcoin #Crypto