A bear run in Bitcoin scares most new investors, some investors might panic and sell their Bitcoin, while others might hold onto theirs with the hopes that the price will rise again.
Let’s be honest not only new investors are scared during the bear market, everyone one is scared and not only new investors do panic and sell, some old investors also sell claiming they will buy back later at the bottom. New investors will panic and sell at lose and might not have the intention to buy back again, most especially the once that don’t really know much about bitcoin, the once that invested because other people are talking about making money with bitcoin.
some general tips for handling a bear run in Bitcoin:
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.
It’s easier said than done, it’s not easy seeing your money dropping, not everyone is having the mind to hold, and the reason why some people are scared and can’t hold is because the money they invested those not belong to them, some of them invested the amount they will be using in few days or months, incase if their is bear they are always scared and they always decide to cut their loss.
That’s why if you are investing, don’t invest the amount which you will be needing soon, and I do recommend we shouldn’t take loan to invest in bitcoin, so that you won’t be forced to sell when the repayment period is close.