A person should not believe on the ideas of other person and if the market is high then just get your profit and leave behind the greedy behavior that it will enhance once more greater than this one.
Emotion should be in control and think about your mental health if you become active all the time and work actively then you will be successful very soon. These are good ways of making money in cryptocurrency trading.
Topic: 5 Bear Market Mistakes to Avoid (Read 1292 times)
Investing short term isn't a mistake. We're even investing long term and we can't just tell people to go long if they don't really want to.
Short term investing is a strategy and goal for an investor who's into short term investments. And if he's profitable with that strategy and aim in the market, you can't say that it's a mistake.
Well, for some, it's a mistake but mostly I don't think it's an actual mistake that one has to consider.
Short term investing is a strategy and goal for an investor who's into short term investments. And if he's profitable with that strategy and aim in the market, you can't say that it's a mistake.
Well, for some, it's a mistake but mostly I don't think it's an actual mistake that one has to consider.
I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.
Can't say that it's a mistake as well but it's just regretting to see that when you're not able to sell at the maximum price, you're feeling that you did a mistake.
Selling early depends on how you look at the market because you may see it higher this time and you have to sell early because you don't know if by the next several days, a dump is coming.
It's a toug decision especially if you already experienced that huge volaitility, selling early with profits is not a mistake but it serves that you are just wanting to earn with the asset that you hold.
If that kind of situation take place, it's better to move forward as you still have profits and that still good
compared with mistakenly wait and huge dump happen and you find yourself being trap and unable to sell
with profits, worse, you sell your coin with losses.
There could be so many reason why they sold that early, maybe it was part of their investment plans to sell at that price so we shouldn't be thinking they're at a loss. Maybe if they held a little longer they would had profited more but don't forget that it isn't always a straight ride to that further peaks you talked about, some times they market dip and not many could hold through.
Provided you're in profit it's better you get hold of those than anticipating for future gains that aren't guaranteed. The end goals of the game is to be in profit so don't be greedy in hoping for speculated gains and secure what you have first at hand, you can always rebuy later as the market will dump in the future just as we're experiencing now.
I am in profit right now even at this price for example, and I still do not understand people who sell it when it's low. Like for example today, there are so many people who are selling bitcoin today, if it's for trading I may understand but if it was ONLY for trading then the price wouldn't be low, there would be buyers who would take it higher. Provided you're in profit it's better you get hold of those than anticipating for future gains that aren't guaranteed. The end goals of the game is to be in profit so don't be greedy in hoping for speculated gains and secure what you have first at hand, you can always rebuy later as the market will dump in the future just as we're experiencing now.
It means even at this price there are some people who are willing to sell, which makes absolutely no sense to me whatsoever. I hope that people grow out of this selling phase and start buying it again, because this doesn't help anyone, why stick with the market that hurts all people, when we could just go up.
Talking about panic and fear I feel is the same thing once they see the market has not been in their favor the next step to take is to sell, the issue is not only bitcoin experienced bear but all most every market both tesla, etc. putting emotion while holding to might just keep give you heartbreak and most people are always ready to sell once is not in their favor, and the best thing avoid futures and altcoins
You don't look like you are a noob so you better improve that mannerism of yours. This was also for your own good. It's true that the crypto market isn't alone in terms of being bearish. I think that is due to economic issues that the world is facing right now, as we know that other markets are more related to the real world events or can react more to it.Emotions are normal as a human being but there are some people who are just weak and naturally emotional. If you are like this then you better avoid dealing with riskier stuffs such as investing, trading and more in gambling. There are still ways to fix that conditions. You better work on it first.
Talking about panic and fear I feel is the same thing once they see the market has not been in their favor the next step to take is to sell, the issue is not only bitcoin experienced bear but all most every market both tesla, etc. putting emotion while holding to might just keep give you heartbreak and most people are always ready to sell once is not in their favor, and the best thing avoid futures and altcoins
Why sell now at a loss when you can sell in near future at profit? Big companies might be seeing losses but that means they will go back up again. It is just a game of patience. Dont end up making the market your life, you will not be able to handle it. Risk management and bankroll management helps to prevent this. If you commit too much of your monthly income into market you will face these problems more often.Altcoins will always be acting like this, which is why switch to bitcoins as soon as possible from your end. Controlling emotions also need practice, which comes after months of trading, better if dummy trading is done. Futures is a gambling method, it is not spot trading. If you are doing futures, you are essentially gambling so decide whether you want to play your luck or stick to spot with your skills.
Talking about panic and fear I feel is the same thing once they see the market has not been in their favor the next step to take is to sell, the issue is not only bitcoin experienced bear but all most every market both tesla, etc. putting emotion while holding to might just keep give you heartbreak and most people are always ready to sell once is not in their favor, and the best thing avoid futures and altcoins
Investing short term isn't a mistake. We're even investing long term and we can't just tell people to go long if they don't really want to.
Short term investing is a strategy and goal for an investor who's into short term investments. And if he's profitable with that strategy and aim in the market, you can't say that it's a mistake.
Well, for some, it's a mistake but mostly I don't think it's an actual mistake that one has to consider.
Short term investing is a strategy and goal for an investor who's into short term investments. And if he's profitable with that strategy and aim in the market, you can't say that it's a mistake.
Well, for some, it's a mistake but mostly I don't think it's an actual mistake that one has to consider.
I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.
Can't say that it's a mistake as well but it's just regretting to see that when you're not able to sell at the maximum price, you're feeling that you did a mistake.
Selling early depends on how you look at the market because you may see it higher this time and you have to sell early because you don't know if by the next several days, a dump is coming.
I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.
There could be so many reason why they sold that early, maybe it was part of their investment plans to sell at that price so we shouldn't be thinking they're at a loss. Maybe if they held a little longer they would had profited more but don't forget that it isn't always a straight ride to that further peaks you talked about, some times they market dip and not many could hold through.
Provided you're in profit it's better you get hold of those than anticipating for future gains that aren't guaranteed. The end goals of the game is to be in profit so don't be greedy in hoping for speculated gains and secure what you have first at hand, you can always rebuy later as the market will dump in the future just as we're experiencing now.
Investing short term isn't a mistake. We're even investing long term and we can't just tell people to go long if they don't really want to.
Short term investing is a strategy and goal for an investor who's into short term investments. And if he's profitable with that strategy and aim in the market, you can't say that it's a mistake.
Well, for some, it's a mistake but mostly I don't think it's an actual mistake that one has to consider.
I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.Short term investing is a strategy and goal for an investor who's into short term investments. And if he's profitable with that strategy and aim in the market, you can't say that it's a mistake.
Well, for some, it's a mistake but mostly I don't think it's an actual mistake that one has to consider.
All those people who own some right now and willing to sell as soon as it's 20k or 25k will regret it. Even anything over 30k would be bad. Everyone should wait for ATH to sell unless they need the money urgently, in that case there is nothing to do of course.
I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.
Of course it's good to hold on to a bullish start even though we never know what lies ahead. And of course they really have to learn from the previous ATH cycle because I'm sure the same thing could happen again in the next cycle. It would be great if bitcoin was able to break through 3x the previous ATH, that's almost $200K.But now is not the time to imagine big things before we are fully prepared to do them. It's time to invest, and time to get lots of bitcoin at low prices. The next halving isn't too far away, a year won't be long.
there's nothing wrong if you will sell early, as long as you feel you got your profits from your investments. because we have our own needs when it comes to money.
also, if i may add from the OP's list of mistakes to avoid - don't invest using a loaned/borrowed money especially in volatile market like crypto. don't think that you can recover it because you have no assurance when will that be. and most loaned money have their interest on top of it. so you may end up deep in debt rather than on the positive side.
My take on this is profit is profit no matter how small the profit is. Having regrets? Evaluate yourself on how you did come up with position you currently are in.
I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.
Of course it's good to hold on to a bullish start even though we never know what lies ahead. And of course they really have to learn from the previous ATH cycle because I'm sure the same thing could happen again in the next cycle. It would be great if bitcoin was able to break through 3x the previous ATH, that's almost $200K.But now is not the time to imagine big things before we are fully prepared to do them. It's time to invest, and time to get lots of bitcoin at low prices. The next halving isn't too far away, a year won't be long.
there's nothing wrong if you will sell early, as long as you feel you got your profits from your investments. because we have our own needs when it comes to money.
also, if i may add from the OP's list of mistakes to avoid - don't invest using a loaned/borrowed money especially in volatile market like crypto. don't think that you can recover it because you have no assurance when will that be. and most loaned money have their interest on top of it. so you may end up deep in debt rather than on the positive side.
I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.
Of course it's good to hold on to a bullish start even though we never know what lies ahead. And of course they really have to learn from the previous ATH cycle because I'm sure the same thing could happen again in the next cycle. It would be great if bitcoin was able to break through 3x the previous ATH, that's almost $200K.But now is not the time to imagine big things before we are fully prepared to do them. It's time to invest, and time to get lots of bitcoin at low prices. The next halving isn't too far away, a year won't be long.
Investing short term isn't a mistake. We're even investing long term and we can't just tell people to go long if they don't really want to.
Short term investing is a strategy and goal for an investor who's into short term investments. And if he's profitable with that strategy and aim in the market, you can't say that it's a mistake.
Well, for some, it's a mistake but mostly I don't think it's an actual mistake that one has to consider.
Short term investing is a strategy and goal for an investor who's into short term investments. And if he's profitable with that strategy and aim in the market, you can't say that it's a mistake.
Well, for some, it's a mistake but mostly I don't think it's an actual mistake that one has to consider.
I think it's better to say (don't sell too early). When we start to get out of the bear market there will be people who sell early or in the beginning of the bull market, I don't know if OP meant this, but it was notable mistake we witnessed in the previous cycle when a lot of investors sold the last top which was $20k while Bitcoin managed to do ×3 of that within short period.
Investing short term isn't a mistake. We're even investing long term and we can't just tell people to go long if they don't really want to.
Short term investing is a strategy and goal for an investor who's into short term investments. And if he's profitable with that strategy and aim in the market, you can't say that it's a mistake.
Well, for some, it's a mistake but mostly I don't think it's an actual mistake that one has to consider.
Short term investing is a strategy and goal for an investor who's into short term investments. And if he's profitable with that strategy and aim in the market, you can't say that it's a mistake.
Well, for some, it's a mistake but mostly I don't think it's an actual mistake that one has to consider.
What you say is true, but on the other hand in this case it is actually easy to say that but very difficult to hold back.
When there is a bear market, of course there is panic and this is normal, but there are those who can overcome the panic and there are those who don't immediately sell and get out even though they realize that they are losing.
I will not be naive because I also feel panicked, so my anticipation for now is that I stay away from trading and look at the portfolio so that my mentality doesn't fall and I continue to increase my load with the DCA system every month.
When there is a bear market, of course there is panic and this is normal, but there are those who can overcome the panic and there are those who don't immediately sell and get out even though they realize that they are losing.
I will not be naive because I also feel panicked, so my anticipation for now is that I stay away from trading and look at the portfolio so that my mentality doesn't fall and I continue to increase my load with the DCA system every month.
What happens is that when there is a bearish market, the news does not help, the news is very tabloid and tends to forecast the worst things, they almost say that bitcoin will reach zero, things like that, they do that on purpose for that they can sell everything they have in crypto so that the whales can buy it very cheap, but it is not understood at the moment, because it is money, and money hurts people, so it is difficult to say here and elsewhere that they have the money put there, that's why whoever believes in Bitcion has the ocniviction that bitcoin will come to have a very great value and this will make it possible to fill up with much more wealth, but people do not understand it.
What you say is true, but on the other hand in this case it is actually easy to say that but very difficult to hold back.
When there is a bear market, of course there is panic and this is normal, but there are those who can overcome the panic and there are those who don't immediately sell and get out even though they realize that they are losing.
I will not be naive because I also feel panicked, so my anticipation for now is that I stay away from trading and look at the portfolio so that my mentality doesn't fall and I continue to increase my load with the DCA system every month.
When there is a bear market, of course there is panic and this is normal, but there are those who can overcome the panic and there are those who don't immediately sell and get out even though they realize that they are losing.
I will not be naive because I also feel panicked, so my anticipation for now is that I stay away from trading and look at the portfolio so that my mentality doesn't fall and I continue to increase my load with the DCA system every month.
OP forgot to list random investing in a crashing cryptocurrency. We should do our research every time we intend to invest to something. We should check and research the fundamental of the target cryptocurrency and verify its foundation if it can withstand the test of time. If we are to invest in a long term we must know that it has a solid foundation because if it has no solid foundation then our money that we invest will be wasted or gone.
Knowing how solid is the foundation is very important if you are aiming for long-term investment,
project that have good usages will survive in a volatile market like crypto.
As long as there are users who will continue to support and follow the project, the chance of gaining
good value will take place. The very reason you should always do your deep research before making
your decision to invest in your chosen project/s.
The bearish season is the perfect time to invest but we should also know the right coin to invest with. We should be smart in choosing a potential and active coin so we'll never fill our baskets with trash coins. Doing our own research is always necessary so we will have a complete idea of what to buy. As for me, top coins that have been in different market cycles are the best option in case we're having doubts about new projects.
You need to sort things out, then decide before taking your step. There are many available projects to choose, but before deciding
make sure that you really do your assessment and analysis.
I like the idea of top coins that have been in the different market cycles, as the projects already experienced
the situation before and manage to bounce back and bring decent benefits, risking can be favorable if you
have that patience to wait and hold.
OP forgot to list random investing in a crashing cryptocurrency. We should do our research every time we intend to invest to something. We should check and research the fundamental of the target cryptocurrency and verify its foundation if it can withstand the test of time. If we are to invest in a long term we must know that it has a solid foundation because if it has no solid foundation then our money that we invest will be wasted or gone.
Knowing how solid is the foundation is very important if you are aiming for long-term investment,
project that have good usages will survive in a volatile market like crypto.
As long as there are users who will continue to support and follow the project, the chance of gaining
good value will take place. The very reason you should always do your deep research before making
your decision to invest in your chosen project/s.
The bearish season is the perfect time to invest but we should also know the right coin to invest with. We should be smart in choosing a potential and active coin so we'll never fill our baskets with trash coins. Doing our own research is always necessary so we will have a complete idea of what to buy. As for me, top coins that have been in different market cycles are the best option in case we're having doubts about new projects.
are really that buying or accumulating coins on a bear market.You cant just make yourself doing such step when its already bull run.If thats the case then it is really just
depending on your choice and preference on which projects you would really be tending to accumulate.It would be wise if you do get in while its still cheap rather
making some purchase when the price is already soaring up.If you do want to maximize then it is really just that depending on you on when you would be getting in.
OP forgot to list random investing in a crashing cryptocurrency. We should do our research every time we intend to invest to something. We should check and research the fundamental of the target cryptocurrency and verify its foundation if it can withstand the test of time. If we are to invest in a long term we must know that it has a solid foundation because if it has no solid foundation then our money that we invest will be wasted or gone.
Knowing how solid is the foundation is very important if you are aiming for long-term investment,
project that have good usages will survive in a volatile market like crypto.
As long as there are users who will continue to support and follow the project, the chance of gaining
good value will take place. The very reason you should always do your deep research before making
your decision to invest in your chosen project/s.
The bearish season is the perfect time to invest but we should also know the right coin to invest with. We should be smart in choosing a potential and active coin so we'll never fill our baskets with trash coins. Doing our own research is always necessary so we will have a complete idea of what to buy. As for me, top coins that have been in different market cycles are the best option in case we're having doubts about new projects.
Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.
Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health
Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/
Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health
Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/
One of the best ways you can protect your money is to take them off online accounts and also exchnages
During bears a lot of opportunities are seen as it is the best time to buy rather than panic selling.
These periods test how much patience this so called investors have to see how much of a serious longer term holders they can be.
Protecting once mental health matters alot especially watching your portfolio dismissing gradually before your eyes, you should have known the unstableness cryptocurrency has before delving in.
It does not end with withdrawing coins to the cold wallet. It is necessary to follow the team of the coins you have withdrawn to the cold wallet. Mng token also happened to me. I sent the MNG tokens to the Trust wallet so that they do not stay on the Mexc exchange. One day I got bored and sent the MNGs to the Mexc exchange so I could sell the MNGs and get another token. Since the contract address has changed, my MNGs have not been transferred to my exchange account. I talked to the exchange officials and they said they will return the MNG tokens to you for $42. Nor did I agree to pay $42 for MNG tokens, which were already at the garbage level. Unfortunately, there is such a problem with receiving coins in a cold wallet.
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