5 Bear Market Mistakes to Avoid - page 3.

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: posi on December 05, 2022, 06:54:01 AM

~snip~For altcoins that should only be traded or short-term investments, if an unexpected bear market occurs, you need to cut the loss of everything. They are not like bitcoins that will always rise again, some will not be able to recover and die.

For the most part, altcoins will not recover, but if we look at Ethereum, BNB as the main targets for altcoins, then it is not wrong to choose these two coins. when bitcoin starts to become unstable and tends to be more bearish, ETH and BNB will also be affected but not like other altcoins. Bitcoin is the main investment, but the top altcoin can also be a secondary option.
and remember, don't cut your losses if the coin still has better potential.

posi

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Quote from: so98nn on December 03, 2022, 02:11:45 PM

Or there is one single good advice follow on the bear market - HODL.

That is the best friend in this market and you can literally do miracles with hodling process. We can save ourselves from loss, if we do a cold storage then we can stop loosing our heads over panic and FOMO situations and get out of the trouble just like what you mentioned.

A true HDOLER will never ever go through the trouble that you mentioned. So easy than minding five different points. Grin

If you want to talk about holding, then you need to add one more important thing the asset you are holding is bitcoin and does not have any altcoins in it, because holding altcoins does not guarantee that you can avoid losses.

For altcoins that should only be traded or short-term investments, if an unexpected bear market occurs, you need to cut the loss of everything. They are not like bitcoins that will always rise again, some will not be able to recover and die.

Pamadar

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Quote from: Obari on December 04, 2022, 09:08:49 PM

Quote from: Robert518 on November 08, 2022, 03:32:54 AM

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/

Your points are short and precise and most times it's not really easy to out to practice all that have been said.
As an occasional trader, In some cases fall victim of some of this mistakes though not intentional but FOMO.
Trading is a lucrative business and also a business with relatively very high risk end and as much as we want to make profit, we also try to avoid this risk and at the end in most cases, we still make this silly mistakes.

I personally feel guilty of panic and emotions because this two are the greatest mistakes I constantly make and I'm also battling with it and hope t over come them too

Most of us, if not all, will admit of that such mistake, panic because of fear and that emotion base trading which most of the time kills your position when deciding how to act in each market movement.

You can always try to improve, but there's always a chance that you will fall into panic
especially if you are not mentally and financially stable.

Encountering things like this will really hurt you, but it's always you to decide on how
to improve and how to overcome to attain success.

Obari

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Quote from: Robert518 on November 08, 2022, 03:32:54 AM

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/

Your points are short and precise and most times it's not really easy to out to practice all that have been said.
As an occasional trader, In some cases fall victim of some of this mistakes though not intentional but FOMO.
Trading is a lucrative business and also a business with relatively very high risk end and as much as we want to make profit, we also try to avoid this risk and at the end in most cases, we still make this silly mistakes.

I personally feel guilty of panic and emotions because this two are the greatest mistakes I constantly make and I'm also battling with it and hope t over come them too

Silberman

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Quote from: albon on December 04, 2022, 01:28:58 PM

Quote from: Robert518 on November 08, 2022, 03:32:54 AM

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/

In my opinion, I see that panic is the worst thing that afflicts any trader and causes him a great loss. Therefore, any trader who wants to make great returns must maintain his psychological stability and optimism. Also, investing in the short term is one of the worst mistakes that some of us make in the bear market, because short-term investment is somewhat more challenging and difficult and you need to predict accurately the tokens' prices from your technical analysis, also its profits are not large compared to the long-term and there is a great risk of losing your funds. Therefore, each of us should not make mistakes in trading and investments that make us regret it.

And how can traders avoid that panic? And to me the best way is to have a strategy that tells you beforehand what to do regardless of the scenario you could find in the markets, many traders do not have anything like that which is why when the price crashes they do not know what to do, basically in the moment they need their strategy to tell them what to do the most they are completely alone not knowing what to do, that is when panic kicks in and then they sell their coins for a bad price.

Hamza2424

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So many good replies here but I would like to endorse the best tip here. The hold is gold dear never panic in the sudden dumps as sometimes small manipulations dishearten you and lead to a major loss. Try to be updated, yes in terms of the news but never get trapped in the fuds. That's all I can say I know a maximum of us are advising the same but the fact is this is the only thing you can do.

albon

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Quote from: Robert518 on November 08, 2022, 03:32:54 AM

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/

In my opinion, I see that panic is the worst thing that afflicts any trader and causes him a great loss. Therefore, any trader who wants to make great returns must maintain his psychological stability and optimism. Also, investing in the short term is one of the worst mistakes that some of us make in the bear market, because short-term investment is somewhat more challenging and difficult and you need to predict accurately the tokens' prices from your technical analysis, also its profits are not large compared to the long-term and there is a great risk of losing your funds. Therefore, each of us should not make mistakes in trading and investments that make us regret it.

rat03gopoh

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Bear markets don't panic much because they happen slowly, unless there's a sudden big dip. Bear markets generally go wrong when people:

take the all news media seriously because of FUD and then change the investment term while they are losing.
change portfolio to shitcoin which is generally believed to recover faster without following global market volatility.

Sayeds56

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Quote from: so98nn on December 03, 2022, 02:11:45 PM

Or there is one single good advice follow on the bear market - HODL.

That is the best friend in this market and you can literally do miracles with hodling process. We can save ourselves from loss, if we do a cold storage then we can stop loosing our heads over panic and FOMO situations and get out of the trouble just like what you mentioned.

A true HDOLER will never ever go through the trouble that you mentioned. So easy than minding five different points. Grin

No doubt HODL is the best advice if you have the capacity to hold your asset for long term and continue adding more assets in your portfolio during the bear market, if you have got extra funds for investment. I think all experienced investors understand the benefits of holding assets for long term but sometime due to urgent cash needs they have to sell their assets in loss. This is why I think, we should only invest extra funds, what we won't need to sell even in case of any emergency.

gunhell16

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Quote from: Robert518 on November 08, 2022, 03:32:54 AM

Investing short-term

Many people make mistakes in this part, as an individual entering this type of industry, we must first know what type of investor we are, because the characteristics of long-term and short-term investors are different. And know if most people here on this forum know it.

Many people enter cryptocurrency with the desire to make a quick profit here, even if they don't have enough and don't know about it yet, so the result is always losing or losing their capital when it doesn't even grow. Although investing short-term is true that we can earn here every day, we must also consider that the cryptocurrency market is volatile and unpredictable, so an individual trader must have an understanding of the matter.

Distinctin

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Quote from: teosanru on November 11, 2022, 12:28:35 PM

Quote from: Robert518 on November 08, 2022, 03:32:54 AM

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/

So true, I remember how I have done each one of them during the previous bear runs, I thought all these actions would protect my capital or maybe give me a gain out of this bear market but I was so foolish and little did I know that I am just destroying my portfolio and nothing other than that. Best thing to do during such time is stay away from the market, because if you are in the market it's already too late to do anything because the damage has been done and if you are outside the market place a buy order at the floor you expect and sleep peacefully and wait for the bull run or market showing some correcton.

Whenever bear market attacks, it’s best not to monitor the market value and just leave the market while waiting for the market to recover. However, learn to take advantage when the market is in deep bearish as it would be the perfect moment to buy bitcoin and accumulate more to maximize your portfolio. While waiting for the bullish market, just learn to love too whatever the bear market has to offer.

Pamadar

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Quote from: LUCKMCFLY on December 03, 2022, 12:15:57 PM

Quote from: Bull Horn on November 19, 2022, 05:10:08 AM

I think focus on metal health is much important than any thing else.
If anyone want long term holding, must keep in decentralized wallet and stick only to bitcoin don't go toward alts for long term.
However intraday trading is best in bear market like quick in and out, no need to open leverage trade for the sake of certain target nobody know what will be the situation of market tomorrow. Don't be a victim of FOMO.

Have firm faith in crypto

I would say that you should have faith well placed in BITCOIN and not in other altcoins, you just have to remember what happened with LUNA to give us an idea that all altcoins will never be safe, the only safe thing here is and will continue to be Bitcoin and that it is something that no one can go against, so these things can happen with reality in our mind, which is the only asset that will always be the best safe haven, even at one point it will be much more valuable to have Bitcoin than gold, that is something that cannot be denied, only in a few years will we know what BITCOIN is capable of reaching, something that we can only be aware of being much higher every day.

Unless you are willing to take that big risk in hope of big gains, there are many available assets that you can choose, aside from Bitcoin, which already has a huge value and if you are just a small player, the profits are also small.

With alternative projects, there are investors and investors who continue chasing to have a good ride
with new or old projects that might be experiencing a good pump when there's available new that will
attract community to invest and support.

Wakate

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Quote from: so98nn on December 03, 2022, 02:11:45 PM

Or there is one single good advice follow on the bear market - HODL.

That is the best friend in this market and you can literally do miracles with hodling process. We can save ourselves from loss, if we do a cold storage then we can stop loosing our heads over panic and FOMO situations and get out of the trouble just like what you mentioned.

A true HDOLER will never ever go through the trouble that you mentioned. So easy than minding five different points. Grin

Sometimes I do think if there is any ways we can avoid the the 5 bear mistakes. We are all humans and there is not way that we won't become carried away by our greed or interest when we talk about all these mistakes. Hodl is a very important aspect of being an investor. If we can't hold or we are easily moved by the market reaction then we might end up getting it wrong. For those of the Bitcoin millionaires that we have now, what get them to that height is because they keep holding even when Bitcoin falls from 12k to 5k. I think there is more fortunes in holding than just being an ordinary investor.

so98nn

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Or there is one single good advice follow on the bear market - HODL.

That is the best friend in this market and you can literally do miracles with hodling process. We can save ourselves from loss, if we do a cold storage then we can stop loosing our heads over panic and FOMO situations and get out of the trouble just like what you mentioned.

A true HDOLER will never ever go through the trouble that you mentioned. So easy than minding five different points. Grin

LUCKMCFLY

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Quote from: Bull Horn on November 19, 2022, 05:10:08 AM

I think focus on metal health is much important than any thing else.
If anyone want long term holding, must keep in decentralized wallet and stick only to bitcoin don't go toward alts for long term.
However intraday trading is best in bear market like quick in and out, no need to open leverage trade for the sake of certain target nobody know what will be the situation of market tomorrow. Don't be a victim of FOMO.

Have firm faith in crypto

I would say that you should have faith well placed in BITCOIN and not in other altcoins, you just have to remember what happened with LUNA to give us an idea that all altcoins will never be safe, the only safe thing here is and will continue to be Bitcoin and that it is something that no one can go against, so these things can happen with reality in our mind, which is the only asset that will always be the best safe haven, even at one point it will be much more valuable to have Bitcoin than gold, that is something that cannot be denied, only in a few years will we know what BITCOIN is capable of reaching, something that we can only be aware of being much higher every day.

Mauser

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Quote from: Robert518 on November 08, 2022, 03:32:54 AM

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

All these mistakes are not limited to bear markets in my opinion, they are also problems in bull or sideways markets. Panics and following your emotions is never a good idea in trading, no matter the market condition. Investing short term only works when you know what you are doing. Day trading is a very risky business and you can lose money quickly, during bear markets there is a lot of volatility in the markets and price tend to fluctuate more quickly. For me the best trading approach became to stay long term invested during bear markets. Don't give into the all the selling pressure and wait for prices to recover before consider selling any investment. Overtrading I see more as a big mistakes during bull than bear markets. If you sell all your positions in a bear market there isn't much overtrading you can do. But during bull markets where you see alt coins rising a few hundred % the pressure is much higher to trade more often. And finally mental health, this is probably the most important factor when it comes to trading and investing. We need to make sure that our mind is in a good spot, otherwise we will be burned out after a few weeks of trading.

Agbe

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Quote from: QueenVera on November 27, 2022, 05:09:59 AM

Quote from: blockman on November 20, 2022, 06:24:27 PM

Everyone is eager to make money from the market and that's why we invest. It's because we've been told that people who are so rich right now went through all their ways and riches through investing.

But that's the truth although they didn't have as much bad habits as we do today when investing. Those who are rich today through investing had long term goals when they invested and were not move by the short term market movement as we are seeing recently.
Today investors are impatient and just want to make quick money which is why we're seeing so much volatility in the market.
The whales pump shit tokens which newbies chase after then later dump it when enough profit has by made.
One bad habit to avoid is the act of impatient, just invest and forget about it and when you come back years from now, you'll be in so much profit that even though the market dip, you won't be at loss.

The eagerness of making the money is increasing day by day. The massive investment of the market is also a contributor to the bear or dip market. To some extent or if it is possible we need or want everyone in the world to participate or involve in bitcoin so that old monetization policy would fade away and the new technology will take place. It is when the massive investment take place in the ecosystem that the Fiat physical currency will also bow down to the digital cryptocurrency. Well stories have been really told about billionaires came out through investment. The investment approach has been changed. The eagerness of this investment by some scrupulous elements cause the uncertainty market.

virasisog

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Quote from: Robert518 on November 08, 2022, 03:32:54 AM

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/

For me, our mental health is the first thing that we have to consider so we can make the right decisions in trading. If we are not mentally stable, more mistakes would follow such as panic and overtrading. We will surely trade based on our emotions which will result in tons of losses in the end.
As we begin with a trading, we have to make sure that our state of mind is in the right condition and that we have the right and positive mindset no matter what the market situation is.

alik111

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In bear market the biggest mistake is to open trades opposite of trends. We should follow trends and open short position to make profits in bear market. Another one is panic selling of cryptos. We should not be afraid and avoid panic selling. Wait until the market recover.

AnonBitCoiner

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Yes these are the things which should be avoided during trading and investment if we think that now market is good and we should put all the money in certain coin will be a foolish idea because certainty is not in trading. No one will be sure that it will be more successful or become a reason of losing whole of cash at once. concept about it, learning, experience, patience and diversification of cash are all important steps to overcome loss.

Topic: 5 Bear Market Mistakes to Avoid - page 3. (Read 1278 times)