Topic: What you should learnt during this bear seasons. - page 5. (Read 475 times)
During 2008, the world economy has faced the biggest recession of the century but it was able to recover from that. Same thing is happening to crypto market as well. In this situation I would not at least invest in any crypto coins as it will be very risky for me.
Crypto will bounce back no doubts. There is always period of boom and periods of depression for healthy balance.
As you said there will be particular time and period when crypto will bounce back and will continue its good progress, the thing we or people should do now is to extend their patient and research on things to do while waiting for it.
The bear market teaches us to be patient and hold the coins. It teaches us to believe that the market will recover no matter how low the price goes. It makes us more efficient trader who knows when to buy and when to sell.
The situation is very hard for the crypto currency users. The price of almost every coin has gone down and it is a situation of depression like 2008 recession. But I will show tremendous patient to my coins and will not sell them until the price goes up.
Crypto will bounce back no doubts. There is always period of boom and periods of depression for healthy balance.
Even in normal economics...There have been periods of boom and recessions. But things will return back soon. The question is what can you make out of the situation? What should you do and not do?
What you should be doing now is investing or buying and having a mountain of patience for the boom period.
What you shouldn't be doing now is selling. Sometimes things like this happens for good reason. At least if not for anything, it affords us the wisdom to appreciate crypto and be prepared to take our profits and run away...
I can't imagine seeing 50% in crypto and not selling anymore especially with very heavy capital invested.
Even in normal economics...There have been periods of boom and recessions. But things will return back soon. The question is what can you make out of the situation? What should you do and not do?
What you should be doing now is investing or buying and having a mountain of patience for the boom period.
What you shouldn't be doing now is selling. Sometimes things like this happens for good reason. At least if not for anything, it affords us the wisdom to appreciate crypto and be prepared to take our profits and run away...
I can't imagine seeing 50% in crypto and not selling anymore especially with very heavy capital invested.
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