Post
Topic
Board Bitcoin Discussion
Re: What to do when there is a bear run in Bitcoin
by
Ndabagi01
on 24/04/2023, 22:29:33 UTC
Do not panic: It's important not again panic and sell your Bitcoin immediately. Bear runs can be unpredictable, and the price may rise again.

This is not an issue for experienced investors, but new investors will undoubtedly panic and sell their bitcoin to avoid losing it all. However, having a prepared mindset and determination to overcome market trends and volatility will aid in maintaining those bitcoin even during bear market periods.

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Have a clear investment plan: Before investing, it is important to have an obvious investment plan that aligns with your financial goals and risk tolerance. Stick to your plan to avoid making sudden changes in response to short-term market changes.

The entire concept of investment is based on your investment plans and how you intend to attain them in the market. In this situation, fear of market price variation should not change your planned routine for when to acquire more bitcoin or sell for a small profit as the market fluctuates.