Post
Topic
Board Altcoin Discussion
Re: Reason why I won't be buying top altcoins in this bear market
by
breathlessz
on 18/06/2022, 02:46:07 UTC
I'm personally sceptical of investing during the bear market because we don't have a clue of how long it would last and the extent at which the value of choice projects would drop. So I'll prefer taking a little break from investing or reduce my investing capital to accommodate only few projects that hasn't been hit seriously and trade or hold for short term.

It's true that it's quite risky to invest in a bear market like now, apart from we don't know how long the bear market will end. Choosing to invest
in top altcoins also does not guarantee that we are safe. Because LUNA, which was previously a top altcoin, can end up terrible now. So we really
have to be careful in choosing coins to invest in a bear market like now. Or it's safer we can use the stop-loss feature to prevent us from experiencing
big losses when the coins we buy drop drastically. Maybe what you say is true, sometimes to control our emotions in a bad market situation like now
we need a short break. I admit that the bear market that occurred in 2022 was quite stressful for me, so taking a short break could refresh my mind.
Maybe I plan to take a week's vacation and forget about the crypto world for a while, in order to relieve stress and freshen my mind. So when I return
to investment, I can think of the right steps and strategies.
choosing a top altcoin is also not a guarantee for the future, like your example LUNA. indeed no one knows when the bears will take time. but don't let us miss this situation, to get future profits, because many of us invest when the bullrun occurs, and as a result, because of greed, we experience panic selling, but that depends on each person's analysis. and maybe a short break is needed to refresh our minds so that we can analyze well