There are so many ways to deal with bear market psychologically especially when your investment is really affected by the bear market. Trading with it is also another way of dealing with the bear market trauma if one is good enough in trading so that to cover up losses.
Focusing on other things that takes one's time, like working or concentrating on other investments can also relief one from the stress that comes with the bear market.
Topic: How to deal with bear markets - page 6. (Read 844 times)
Ya in this current situation i stop checking my investment because i'm a investor not a trader. So if i checked my portofolio dailly in this momment it just gonna give me bad mood and make me mad when i see my portofolio drop, LOL.
I'd been doing 3, 4 and 6 advices since bear market, I'd tried to focus on creating business that will put my mind into it and forgot that the market is at bear and I wasn't able to sell much during the bull. We should stop regretting and keep going, do something that can make us better or atleast something that will divert our attention in something productive. For sure we will be able to grasp some news once the market is better. legendary
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2) Decide DCA strategy - The best way to win big in a bull market is to have enough coins to sell. You want to load up during a bear market and off load into a bull market. The dollar cost average strategy is the least stressful way to invest in crypto. It means buying a set amount of coins regularly. Learn how to DCA and pick on the amounts you want to do. Try to automate your DCA so it sort of happens in the background.
In my honest, opinion, this is the most vital of all the points you highlighted in the OP. When you understand the wonders of dollar cost averaging then you'll understand why it's been advice by most financial advisor as it's the best way to invest especially volatile markets like that for cryptocurency.
Next to this will be the securing of your investment, there are lost of scammy wallets out there, therefore understanding how to pick the right wallet for your coins is very vital.
All of the above is an effective way for me except DCA especially when we are talking about long bear market just like what we experience last 2018 to 2020. You might lose a lot and get trapped for long time if you DCA on a sliding market price even though the price movement is gradual. We all know how crypto moves when it's on bear market. So doing DCA at that part is very dangerous. I do DCA when there is a reversal sign shown in the market condition.
4) Avoid crypto twitter - CT is worst place to be during a bear market. Everyone bashes each other and the memes are not as funny when the price is tanking. Overall its a sad place to be during a bear market and it will negatively impact your mood.
I'm not on Twitter generally, not for social stuff and definitely not for crypto. There are quite a lot of 'fake experts' on twitter, coupled with the high rate of manipulation caused through twitter, like that of Elon and the rest, I personally wouldn't recommend twitter or any other social media platform for that matter to crypto people, especially the newcomers, they can basically get the wrong idea of how things work in the network.I agree with your opinion, when the bear market comes I always choose to secure my assets by converting them to fiat or some stable coin. And to dispel the doubts or panic that hit, maybe taking a few days on vacation will make us fresh.
If "your asset" is just Bitcoin, converting it to fiat is prolly not a good option if there's a bear/correction time in the market, fiat currencies also get affected by inflation and can be devalued, this could also affect your funds, and prolly you may not find time to buy back before the price spikes, if you believe in Bitcoin it's much better to leave your stash in your wallet no matter the period in time in the market, until you'rere ready to sell. 
Invest what you can afford, this way even the market is crashing won't affect you much because you didn't go all in, plus have a plan B to keep you busy whenever the market is in bear mode, I agree with uninstalling any price related app because some can't do with checking the price every seconds which is not helping them but affecting their emotions, checking the price every time won't make the price to pump suddenly, it is better to keep this in mind.
If the situation is as bad as the current BTC price, I will never view my account but temporarily close it, do another job to forget it, and then open it again after a while. Because if now every time I go to look at it, I feel uncomfortable and confused about the decreasing value of my property.
Good advices. I'm trying to follow them. The most important thing is to secure your crypto and don't sell it.
Its hard to follow this advice because usually people put their day to day money in crypto with the hope to get quick profits. Most of the people unable to hold for long in bear market and that's one reason why we see a constant drop in altcoins throughout the bear cycle.
Use the bear market as an intro to entering the market. Or just use it as a way to accumulate more. DCA works if you're not familiar with trading or don't really have the time to actually bother with it, but if you are a trader, then might as well use the situation and turn it into an opportunity to make a profit. Most profit makers come from people taking advantage of times where the market is down after all, instead of when it's up. Buying at the peak is probably the baddest move one can make if he's making for a short-term profit.
I don't believe we are confirmed in a bear market yet. That being said, the strategy is simple: the most gains in crypto come from bear market accumulation to take advantage of the next bull run. I still cherish the hope that we might see this market turn around by the end of the year.
Why not take advantage of the situation as well and continue to accumulate sats?
Time flies too fast, you won't notice that after a long bear market, it's halving again and then time for the market to rebound and then hits a new all time high. Yeah, you can probably get yourself busy, but I would say just focus on your crypto habits and activities and in no time you will be 'hardened' by this bearish cycle and come prepared for the next one.
Time flies too fast, you won't notice that after a long bear market, it's halving again and then time for the market to rebound and then hits a new all time high. Yeah, you can probably get yourself busy, but I would say just focus on your crypto habits and activities and in no time you will be 'hardened' by this bearish cycle and come prepared for the next one.
Don't worry too much about the market because that will just keep yourself from stress and you will not do other things because of that.
Just focus on the real world while the market is bearish so that you can keep your productivity on you and you will manage your emotions freely.
Hold your coins and don't make any transaction because that will only cause you some losses due to downtrend.
Just focus on the real world while the market is bearish so that you can keep your productivity on you and you will manage your emotions freely.
Hold your coins and don't make any transaction because that will only cause you some losses due to downtrend.
That's what most people do where they will stress whatever bad result they see in the crypto market. Looks like the bearish market this year will be long and if you have some crypto assets in your wallet, you should be ready for it. most of the investors have their own source of income and they don't need to worry about their bitcoins. Nowadays those people who invested big amounts will panic obviously because they think they won't gonna get back that big capital they've deposit last bull run.
I simply deal with bear markets by just forgetting about my coins for a while and focus on being productive or something that would make me some good ol’ cash. Although I can’t avoid looking at Etherscan, CoinMarketCap, etc., for at least once a day, but I’m already getting used to these bear markets. I treat myself like I am super motivated to start all over again from zero. I’ve been experiencing failures over and over again, so yeah I am getting used to be failed at something and just having a mindset in starting back up again with determination.
Don't worry too much about the market because that will just keep yourself from stress and you will not do other things because of that.
Just focus on the real world while the market is bearish so that you can keep your productivity on you and you will manage your emotions freely.
Hold your coins and don't make any transaction because that will only cause you some losses due to downtrend.
Just focus on the real world while the market is bearish so that you can keep your productivity on you and you will manage your emotions freely.
Hold your coins and don't make any transaction because that will only cause you some losses due to downtrend.
I think we also need to avoid all social media app. I ever fell because of negative news that spread on Instagram so I don't get maximum profit from last bullish market. Actually I have my own calculation about market condition but I become too afraid and doubt about my plans after I heard news in instagram. Now I only trust news that spread in this forum because people who spread the news in this forum are more familiar with cryptocurrency world unlike people in instagram who only seeking for attention and follower.
I agree with point 7, because that's what I do when the market is bearish, it will immediately relieve the stress due to the market going down, and come back again when the market recovers soon.
Ya in this current situation i stop checking my investment because i'm a investor not a trader. So if i checked my portofolio dailly in this momment it just gonna give me bad mood and make me mad when i see my portofolio drop, LOL.
i do this also whenever there is a bad dumping happening in the market mate , specially when i decide to invest for long term strategy(because sometimes i tried to trade short term)and also i prevent myself from being panicking each time that is why i can save my funds from falling bac also.
Good advices. I'm trying to follow them. The most important thing is to secure your crypto and don't sell it.
Lol depend on the situation , because you can make profit by selling at dump and buying after dumping.
I agree with your opinion, when the bear market comes I always choose to secure my assets by converting them to fiat or some stable coin. And to dispel the doubts or panic that hit, maybe taking a few days on vacation will make us fresh.
Ya in this current situation i stop checking my investment because i'm a investor not a trader. So if i checked my portofolio dailly in this momment it just gonna give me bad mood and make me mad when i see my portofolio drop, LOL.
Good advices. I'm trying to follow them. The most important thing is to secure your crypto and don't sell it.
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