Post
Topic
Board Trading Discussion
Re: How to Overcome a Bear Market in Cryptocurrency
by
LUCKMCFLY
on 07/11/2022, 14:30:51 UTC
Speaking about overcoming bears then it would be basing up on your own experience and awareness of this market which neither you  do know on what you should gonna do or would
totally freak out because it was your first time?

Actually, we don't need to overcome the bear market. Instead, take that as an advantage and our best shot to buy coins at cheap prices. If one has strong patience to wait for a changing trend, try to force yourself to just hold or do selling just a bit during a bear market because the hard selling part should always be done in the bull market.

It's not that the bear market will last long, maybe it will take years to effect but it doesn't mean it will be the forever trend we will face.
A bear market is part of the cycle that we have to deal with. The volatility of the market makes the cryptocurrencies profitable so if we'll never take advantage of the bear, we will not be able to make a profit when the bullish trend starts. It's a smart move to buy and accumulate while the prices are down. Without the bear, we will not be able to buy coins at a lower price so we must embrace it rather than fear it.
We do really need to deal with it since we dont really have any choice because once you do step your foot in this crypto space then you would be needing to deal up with these unpredictable movements of price.
Overcoming word might pertain about on emotional aspect because there are indeed people who cant really withstand on the stress and anxiety that it gives on the time the market is going down.
You cant think off clearly if you dont have that sufficient experience on which you dont really have the slightest idea on what you should gonna do on these kind of times.
Its true that Bear market is something that we should really take some advantage on buying cheap rather on panicking then it would be ideal on buying even more.


A bearish market always has to be attacked by buying, and as I have said on several occasions, the only investment that I as a person will always recommend is that they buy Bitcoin, I have a friend who is in USD, I told him to buy Bitcoin as much as you can, and recently he was complaining that he had bought 13usd in Bitcoi and now he has 9USD, something like that, I told him that he had to buy more if the price fell, because according to what we have always seen is that at the price he bought it is nothing for what will be recorded in 2024, and more for what it will cost in 2027-2028, will be very large, it is difficult for people to take advantage of a bearish market if they do not have a good financial culture.