Post
Topic
Board Altcoin Discussion
Re: First time to experience bear market in crypto getting worried my portfolio
by
Yuuto
on 30/03/2018, 22:43:56 UTC
Hello every one i just joined last august 2017 and during those time almost all coins are going upward bitcoin lead the way for a record breaking run up but after that bullish market we are here right now where bearish market hurting our portfolio i almost lost 2/3 of my investment but still i keep holding and confident that anytime soon  bearish market is over and bullish market will take place again. would you think this bearish season will take longer?

Yes, I think it will last longer. Doesn't mean that you should stop holding though, because you will never know when the dips stop coming and the markets turn bullish again. But it's definitely not right now that the transition of bearishness to bullishness is happening. We may see this huge bear market last for something along the lines of a couple of months more.

This is the problem with most investors that started in 2017, they only know cryptos going up and have no experience of cryptos going down.

I can tell you that if you want to be involved in crypto at all, you should be prepared for any downturns in the market. This is no exception. Either bring your cost average down by buying now, or keep on holding. That should be your basic trading strategy in a bear market instead of panicking. Bull market will come sooner or later.