Quote from: jakdanyel on Today at 08:38:30 AM

Quote from: Marcorey on Today at 07:48:45 AM

Quote from: redsun114 on November 02, 2022, 01:29:41 PM

You can buy more, and once the price goes up you will see a value greater than $5 but just like last time, it will go down again. You can't be like this forever but you need to take an action. Why not sell your coins once the price go up? So that your profits won't be dragged down anymore by the time the price go down but you can buy again during that time. You can repeat these two processes until you reach your desired profit.

That is the best way to generate a profit during the bear times. The term for that by the way is trading or it can also be called short term investing but if you are not bothered about the ups and downs, you can also do long term investing.

The chances of making a profit in a bear market are slim, don't expect to make a profit in a short period of time. Even if it has fallen in price, it is not necessarily the bottom, and it may even continue to fall without guarantee of recovery. There will still be certain risks in investment.

Yes, this is absolutely true, I agree with you. It is very dangerous to trade in the short term in the bear market. Especially if you make ambition, you can lose all your assets. To my way of thinking the most important thing to do is to invest in the coins you trust and wait for a long time. In this way, you will not be harmed. As a result, you will have a lot of money left in your safe.

If you seek assurance of good profit, then hold your coin and wait until the market recovers or when the bull run approaches. Long-term investment will be the most secure thing to do during this market situation. When it comes to trading, only skilled and knowledge-equipped traders can make a profit from trading during the bearish season so it will be a risk for beginners to focus on it. As long as you are holding a potential coin, it will be more ideal to hold it and wait until you reach your target profit.