Post
Topic
Board Altcoin Discussion
Re: Be prepared
by
Cryptock
on 07/03/2022, 22:40:09 UTC
No matter how high crypto coins go bear market is unavoidable it's just the way the market survives, many people are brainwashed with present market condition that they already forget what bear market is, no amount of money can stop bear market from happening, don't say I don't warn you be prepared.

Being prepared is a very good approach, but you shouldn't get paranoid. In every financial market there are moments of growth and there are times of falling prices. The bear market will come one day, and maybe we are in it. The best solution is to simply invest in cryptocurrencies in the long term. History shows that each bear market ends with a new ATH.

If before starting investing we studied crypto well, we should have understood how to make an effective profit. As long as the investment in potential
coins will be fine, because of how much the price of coins drops when the bear market comes, as you said will recover and can rise to new ATH when
the bull market comes. We can make a profit, of course, we must have careful preparation, one of them is by choosing coins that are worth buying.
Like I said we must be able to determine which coins are potential, we can find out potential coins through our own research and analysis.
So the initial preparation before investing we must improve our analytical skills, and also increase knowledge about the crypto world, it will really
help us to choose the right coins. As long as our coin selection is good, no matter long-term investment or short-term investment will provide
satisfactory results.
   

OP meant to prepare for the fact that the happy time of price increases would end and sooner or later the bear market would come. Of course, you can prepare in different ways. A good selection of the coin in which we invest and being prepared for the fact that it is a long-term investment, will also largely protect us from panic related to a sharp flash crash. However, people who have been in the world of cryptocurrencies for a short time and have not experienced deep bear barket before should be aware that something like this can happen.