Topic: To survive the bear market I am chainging my strategy (Read 362 times)
I really understand you because i have been in such situation, I have gotten a bounty token reward that worth so much, so i decided to hold, the more i keep holding the more it dips, so i agree on suggestion on trading these tokens and making profit with them as they go u and down.
I wish you well in your new strategy, i know how you feel because my friend who are in bounty before me always complain of the same thing, so i am glad you have taken measures to work around the situation. Good luck with that.
I have lost a lot, really want to give up
Well, maybe the benefit of a person who has full time in this field is that he can trade daily, even though we can still make automatic buying and selling. And if you do it successfully, maybe someone else can use the same method, even though daily trading is the most difficult thing to do.
Yes indeed a new strategy might be a good help for you my friend and also me as well because we cannot depend on the bounty anymore we needed to find alternatives to survive of thw bear market as well so changing a strategy is a good way too
I absolutely agree with what you wrote. Currently I spend a lot of time studying the market, however, while it's at the bottom, but it's soon, I believe, will end.
I can see you already regret why you haven't dumped the tokens you got last January, if you had you probably wouldn't be thinking of when the campaigns today to pay. Some of the campaigns these days pay after several months which is not the kind back 2016-2017. I think they are doing this now because they are trying to lessen some dumpers. But I think after this ETF approved, the market will be in the bull market. That is probably the time you get paid.
You'll survive the bear market. Its best to just work on jobsites while doing bounties.
You'll survive the bear market. Its best to just work on jobsites while doing bounties.
I agree with your strategy in the bear market, but can we calmly think about whether it would be more appropriate to do a more stable job and invest extra money in Bitcoin than to spend too much energy and time in an uncertain bear market?
A tremendous advice from a real trader indeed. That really is a good point and i am also thinking the same thing. I just realized that holding for long term will minimize the potential of your daily earnings to you better trade those altcoins from bounties for a profit then trade half of the profit while the other half will be converted to fiat which will go to the bank. We have to save those fiat money for buy backs in time like this where altcoins reached another all time low.
Yes, recently it is worth changing the nature of activities in the field of cryptocurrencies. I think now it is necessary to pay attention to long-term investments.
I agree that you wrote, indeed, the time is running out and the conditions are changing, so now one can not consider the bounty a permanent income, although it is necessary to participate in them, it is developing the cryptocurrency sector
I think that there should be more than one source of income. you can do a bounty, but it will give a lot if you put a lot of effort. there are some people who have turned bounty into a business. They hire students to write posts for a cheap price.
Some time ago I already began to exclusively trade on cryptocurrencies, I participate in bounty, because it is still profitable, and some campaigns are really useful.
Currently, the Cryptocurrency is not what it was a year or two ago. Therefore, you need to act differently, you need to understand the current market of crypto currency and come up with an action plan.
in altcoin market you should always be aware of the trends that each single coin has. it is always changing so talking about it in a yearly fashion is just wrong. the better time frame is a daily one and in some cases hourly changes is more suitable since that is how the pumps happen.
Currently, the Cryptocurrency is not what it was a year or two ago. Therefore, you need to act differently, you need to understand the current market of crypto currency and come up with an action plan.
Yes you're right. The way to always survive from any kind of participation in crypto is based on the strategy. Our last strategy may not fit to this recent condition. Therefore, evaluating our strategy and then analysing the best one should be conducted. It is a note for me actually based on your information.
in our lives we must have principles especially principles in managing finances. The principle of working is a role model in living without having to think again ... in my opinion you have good principles
the best way to survive in this market (not just the bear market now but generally even during the bull markets aka pumps) is to day trade altcoins. in my experience the biggest amount of profit that any altcoin can give you is when you only get involved with it for a short time and the biggest loss that it can give you is when you get involved with it in long term aka when you hold it.
what you need to do is to modify your strategy and while doing that eliminate the mistakes you previously made and choose a different route so that you don't make the same mistakes again.
what you need to do is to modify your strategy and while doing that eliminate the mistakes you previously made and choose a different route so that you don't make the same mistakes again.
For unexperienced people, trading is a dangerous game as it can make your capital zero anytime if you couldn't do trades professionally.
Right now you are on bottom, you can still survive to top by taking advices from expert traders
Right now you are on bottom, you can still survive to top by taking advices from expert traders
Well Yes, we all need to adjust and adopt on what kind of market we are facing in. For us to survive we need to revise our plan and look for a better one for us to be able to gain in this large deep.
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