What's your next step if you experience a Great BEAR MARKET ? - page 4.

Dunamisx

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Quote from: OjAbram on March 27, 2024, 04:23:48 AM

What's your next step as a first timer in Bitcoin /Altcoin trading?

Hold when you have invested in bitcoin and sell if you're holding on alts, if you're a trader, then you need to understand the market strategies of when to sell or buy and hold, because some bear can comes in as quick as possible and the market rises immediately while some may go more dip and remain on the bearish trend, irrespective of the kind of investment we are doing, we should always take the precaution measures on how we can afford to bear and withstand the market condition we are into.

Sim_card

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What you should know is that 1btc= 1btc.
If you bought some units of bitcoin, and after your entry point, the price of bitcoin dips. It does not mean that the amount of bitcoin in your wallet has reduced, it is only the price that dropped. So if you are at loss based on what you think, don't worry but use it opportunity to buy more Bitcoin with discount and hodli, because the price must recover, and even pump higher than the amount that you bought it. This is why you don't need to use the money made for important needs to invest in bitcoin, but your spare cash, because when you hodli bitcoin for long, you will make profit. However, if you panic that the price has dump as you sell your bitcoin, you will run at lost. Don't buy bitcoin due to FOMO, and bitcoin is not a get rich quick scheme. This is because the price of bitcoin increases with time-line. I see every bear market as an opportunity for me to accumulate bitcoin. I am not a trader but a bitcoin hodler, if a need beginner bought bitcoin because he wants to go into trading, it is a wrong orientation because you must run at loss.

Outhue

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I will still buy Bitcoin if a sudden bear market starts.

What many beginners fail to understand about Bitcoin is that you don't lose your money until you sell your Bitcoin for a loss.

Before investing, make sure you think about the money you want to use for investment, it's not the money you plan to use in a month, this is why it's called investment.

The best money for buying Bitcoin is the money from your salary, I mean some percentage of the money, thats why DCSA is the best strategy, nothing works best than buying a portion of Bitcoin every week or every month and keep doing this for a long period.

michellee

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I will still invest in Bitcoin if the bear market comes again even if the bear market deepens. That won't stop me from investing my money into Bitcoin. I have felt the benefits of investing in Bitcoin.

When the market is bearish again, it is a great time to return to investing. The price will fall deeply and will probably stay there. It's okay if my capital and half of my investments suffer losses, but it's only temporary. There will come a time when the price will increase again.

This bear market is only temporary. Everything will improve again. We must be able to determine what we want to do. If you want to invest your money in Bitcoin, you must determine your steps.

alastantiger

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Quote from: OjAbram on March 27, 2024, 04:23:48 AM

What's your next step as a first timer in Bitcoin /Altcoin trading?

When Bitcoin experiences a price drop altcoins also experience bear market too. It would not be wise to buy an altcoins in a Bitcoin bear market. As a newbie, I'll hold my coins and worker harder to get more funds to in invest in Bitcoin weekly.
There was a time last year when Bitcoin was at $15k if you had compared it to now that the price has quadrupled, you would think that there wasn't any hope of recovery especially if you had allowed the news feed you fear. With Bitcoin there is also 100% possiblity of price increase. No matter how low it gets.

OjAbram

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Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.

Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

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