Topic: To-do list in a bear market (Read 523 times)
During the "bearish trend" you have to patiently wait for the market reversal and not trade. You can do the work on the mistakes of previous transactions as well as pick up pairs that look promising for merchants.
It's a very "oriental" thinking actually, to view threats as opportunities. It's no cultural coincidence that in my part of the world, perhaps somewhat dissimilar to the rest of the world, it's when the market's in the doldrums that you see enterprise and business take the most risks.
There's also recent research that shows that a lot of successful enterprises tend to be founded not at the heights of economy, but during the downturn. Of course, this is at least down to logical math. The farther down you are, the more likely you are to grow in the opposite (upwards) direction.
Some traders revel in the bear market. They see every hopeful spike as a profit-taking opportunity or chance to short. Just always the risk that they don't exit before the tide of sentiment turns.
There's also recent research that shows that a lot of successful enterprises tend to be founded not at the heights of economy, but during the downturn. Of course, this is at least down to logical math. The farther down you are, the more likely you are to grow in the opposite (upwards) direction.
Some traders revel in the bear market. They see every hopeful spike as a profit-taking opportunity or chance to short. Just always the risk that they don't exit before the tide of sentiment turns.
bear market makes us lose for a moment but if we think back that we still have the coin and they don't scam, some time later there will be a price recovery and we will have the best price back then, there is nothing wrong with holding a coin
Don't invest at this point. Market situation is getting worst. You might as well wait till everything has settled down.
Isn't it the opposite? bearish market is full of opportunity since market is volatile and so the next of dump will be pump not in weeks or months but it will surely pump on right time. Bear market is the opportunity to invest on your foresight alternative coins and don't forget the bitcoin, ethereum and XRP. Don't panic sell on this time and losing is a must for now.
Things to do in bearish market
✔ Keep it calm and easy
✔ Set stop loss / Stop limit trades
✔ Do not put all your money in one basket
✔ Invest what you are afford to lose
✔ If you are a day trader, just trade 10% of your funds and 90% will be for buy back (Only if applicable)
✔ Focus on the number of your holding you collect, not on its value because most alcoins are affected in this downturn
✔ Be updated with crypto related news
✔ Avoid FUDs and FOMOs
I always keep these in mind and these words are all from my experience. Bear market is always a great opportunity to get those altcoins and bitcoin at a sale price
✔ Keep it calm and easy
✔ Set stop loss / Stop limit trades
✔ Do not put all your money in one basket
✔ Invest what you are afford to lose
✔ If you are a day trader, just trade 10% of your funds and 90% will be for buy back (Only if applicable)
✔ Focus on the number of your holding you collect, not on its value because most alcoins are affected in this downturn
✔ Be updated with crypto related news
✔ Avoid FUDs and FOMOs
I always keep these in mind and these words are all from my experience. Bear market is always a great opportunity to get those altcoins and bitcoin at a sale price
For those who bought their coins at higher price, the best thing you can do right now is to hold your coins until the next bull run. For others, this is an opprotunity to invest while the prices are very low, though it might not be the bottom yet.
What to do now is just hold your assets because to liquidate now is a sure loss. It is too late now to sell, the price is so down, you should have sold the first month the market dropped, that time you might have cut your losses. Considered this experience of bear market, as a "lesson learned". For now, just hold, and think positively. Cryptocurrency is here and it will stay, for good.
'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically
Any tips to offer people new to cryptocurrency?
Things to do during bear market is to hold our coin or make a stop loss. Yes, panic sellers are sometimes failed to make money. Just be calm and relax. Always think that it happens in market and we must not seek for a positive outcome. In fact, even the businessman or veteran traders lose their money when there is a bearish season. 'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically
Any tips to offer people new to cryptocurrency?
'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically
Any tips to offer people new to cryptocurrency?
Things to do during bear market is to hold our coin or make a stop loss. Yes, panic sellers are sometimes failed to make money. Just be calm and relax. Always think that it happens in market and we must not seek for a positive outcome. In fact, even the businessman or veteran traders lose their money when there is a bearish season. 'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically
Any tips to offer people new to cryptocurrency?
Thank you all for your input, but I still can't fathom how bear markets can provide opportunities with less risk. For now, I will keep monitoring my portfolio (for some reason it just doesn't feel right) while finding good projects and start learning how day trading works. Thanks, again!
If you understand the long term potential, then you can fathom how it provides opportunities when it comes to buying at low price. Sure, the risks are there unless we want to lie to ourselves and being a new market, it is pretty volatile and shit can still go crazily awful. However, the thing you really need to be considering is the fact that despite all these, will you like to see yourself taking a risk on the market with potential and getting the best of it, or at least knowing you tried, than not doing that at all? I have always had this notion right from time, buy when everyone is fearful, you cannot miss it that way.
You need to learn to understand fear and use it as a guiding emotions, like with all emotions there is no such thing as a bad one. Negative emotions are there to communicate certain things to you. In the case of fear it's that your money is not completely safe and there is some risk involved, knowing that your fear can be channeled in to the pursuit of knowledge and understanding to better mitigate the risk at hand.
'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically
Any tips to offer people new to cryptocurrency?
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically
Any tips to offer people new to cryptocurrency?
Look at the history.
That is what I always say instead of explaining everything to them.
I dont want them blaming me for I have been the one to push them. Better to just let them do the decision and let them look at what happened before and summarize it.
One problem with being a human. You always look for someone to blame it to, even if you are the one who really made the choice.
We people need to understand the fact that the market is still very young, and volatility is a norm but the simple truth when it comes to the market is to make sure you are at least trying your best to make sure you are at least not missing any good chance the market gives you considering the long term perspective. One thing about this life is that the opportunity you are seeing now may not come again, so it is best to utilize what you have in your hands effectively.
Thank you all for your input, but I still can't fathom how bear markets can provide opportunities with less risk. For now, I will keep monitoring my portfolio (for some reason it just doesn't feel right) while finding good projects and start learning how day trading works. Thanks, again!
If you understand the long term potential, then you can fathom how it provides opportunities when it comes to buying at low price. Sure, the risks are there unless we want to lie to ourselves and being a new market, it is pretty volatile and shit can still go crazily awful. However, the thing you really need to be considering is the fact that despite all these, will you like to see yourself taking a risk on the market with potential and getting the best of it, or at least knowing you tried, than not doing that at all? I have always had this notion right from time, buy when everyone is fearful, you cannot miss it that way.
Panicking in a bear-market is normal. Unless you got a very small amount invested in crypto, many have suffered huge losses in the last 2 weeks. And many did Panic, its human nature, unless you were hedged when $6K broke.
In a bear-market the price usually goes down quicker than it rises. Take the stock markets for example, usually a bear market lasts less than a year but it takes years for the price to go back to their previous ATH levels.
Stock markets rise slower because most retail traders take profits very quickly like a 5% gain, hence the slow growth. In a bear-market most retail traders have huge 50% losses and that's why the selling usually accelerates at some point in time when everybody wants to sell but nobody wants to buy.
Use this to your advantage and try to profit.
In a bear-market the price usually goes down quicker than it rises. Take the stock markets for example, usually a bear market lasts less than a year but it takes years for the price to go back to their previous ATH levels.
Stock markets rise slower because most retail traders take profits very quickly like a 5% gain, hence the slow growth. In a bear-market most retail traders have huge 50% losses and that's why the selling usually accelerates at some point in time when everybody wants to sell but nobody wants to buy.
Use this to your advantage and try to profit.
'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically
Any tips to offer people new to cryptocurrency?
As the old saying goes, "Keep Calm and Carry On". When you panic and react to the market you only make the whales happier. They do want you to panic and sell your bitcoins so they can gather more from lower prices and get richer when the price goes up. 'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically
Any tips to offer people new to cryptocurrency?
The problem with bitcoin is the people who bought during 20 thousand dollar times, do you really think the rich people bought bitcoin at 20 thousand dollar levels? No whale actually bought during those times at all.
Also another trouble is the people who sell under 4 thousand dollars, who sells bitcoin under 4 thousand dollars full on knowing that bitcoin can be 5+ quite quickly any time. Why would you even consider that as an option? Hence I think we got rid of the 20 thousand dollar people but do not be scared of these prices and just keep calm.
Take this time to invest in yourself...
Learn about the technology you’re investing in.
Figure out how to use the different exchanges (got DEX?)
Test out different wallets.
Buy a small amount of your fav PoS token and learn how to stake it.
Download xmr-stak and learn how to CPU mine Monero.
Hope that’s helpful...
2 articles I wrote may interest those in this thread;
(Beware... shameless plug oncoming)
3.5 Ways to Keep Calm & Profit During a Crypto Bloodbath
https://link.medium.com/J6UymcFScS
Top 5 Crypto To Stake With $100 or Less | Best Dividend / Reward — Paying Tokens
https://link.medium.com/vroMGC4ScS
Learn about the technology you’re investing in.
Figure out how to use the different exchanges (got DEX?)
Test out different wallets.
Buy a small amount of your fav PoS token and learn how to stake it.
Download xmr-stak and learn how to CPU mine Monero.
Hope that’s helpful...
2 articles I wrote may interest those in this thread;
(Beware... shameless plug oncoming)
3.5 Ways to Keep Calm & Profit During a Crypto Bloodbath
https://link.medium.com/J6UymcFScS
Top 5 Crypto To Stake With $100 or Less | Best Dividend / Reward — Paying Tokens
https://link.medium.com/vroMGC4ScS
'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically
Any tips to offer people new to cryptocurrency?
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically
Any tips to offer people new to cryptocurrency?
Reading this made me think of this qoute from Warren Buffett — "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"
As of the moment, retail traders are in panic mode and I'm pretty sure of that because this huge downfall is undeniably alarming BUT the thing that everybody is going out of the market selling their assets, maybe it's a good chance that we take advantage of that qoute a great trader thought us. It makes sense right?
'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically
Any tips to offer people new to cryptocurrency?
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically
Any tips to offer people new to cryptocurrency?
be patient and try to control emotions, because if it is bearish, many beginner traders, including investors, are often wrong in taking steps that ultimately also follow to worsen the market atmosphere. some people believe that crypto will repaint the previous chart, we'll see, hopefully it will be in line with expectations
We often say "Don't invest what you can't afford to lose". I think it's something that worth to mention, seeing the current market crash, it's a good reminder. People may need to change and/or adapt their strategy (which I did personally). Some people say "HODL HODL BUY BUY", but there are people who invested a lot in cryptocurrencies and have bills, loans, food, family, etc to pay.
Right, we need to understand and make the adjustments in a bear market. I'm sure that experienced traders are very flexible and often times sells at high and buy in dips. But for those who are new in this games, their mindset is that the price would always go on a parabolic rise that's why a lot of them got burned easily because we went into a bear cycle. Just stay cool and continue to monitor you portfolio and learn how this whole trading process works, (Not just buy low, sell high paradigm).
We often say "Don't invest what you can't afford to lose". I think it's something that worth to mention, seeing the current market crash, it's a good reminder. People may need to change and/or adapt their strategy (which I did personally). Some people say "HODL HODL BUY BUY", but there are people who invested a lot in cryptocurrencies and have bills, loans, food, family, etc to pay.
To-do list on the bear market?
Bear market is a perfect time to open cryptocurrency short positions and earn coins. I have been doing this starting from the time when Bitcoin was 7k and was constantly falling.
- EARN MONEY
Bear market is a perfect time to open cryptocurrency short positions and earn coins. I have been doing this starting from the time when Bitcoin was 7k and was constantly falling.
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