Cryptocurrency and any market, in general, can function in similar ways no matter the asset class. All markets have cycles of up and down and all around, right? So having the right mindset can make a big difference with Bitcoin and Altcoin Trading or investing.
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Mindset effects everything! -Respect
Adapting to changes is very important in trading and in business in general. Look at some history and see how huge successful businesses did not adapt and therefore did not make it through changing cycles (i.e. Toys R Us, My Space, amongst others). In trading, things get worst as you have to go against your own thoughts to continue the path. However, be willing to adapt as new information changes the goal post many times.