Post
Topic
Board Beginners & Help
Re: What's your next step if you experience a Great BEAR MARKET ?
by
Alone055
on 02/04/2024, 00:50:29 UTC
What's your next step as a first timer in Bitcoin /Altcoin trading?

It would depend on how much knowledge and experience I have about the market and the industry as a whole. Suppose I had just come to know about Bitcoin and cryptocurrencies and rushed to make my first investment without trying to do any research or learn anything about Bitcoin and the overall market. In that case, I will probably panic and maybe sell my assets because I would think I'm losing my money when I see my portfolio losing so much value because I'm unaware of the bear and bull markets and the cyclical movement pattern of Bitcoin and the market.

On the contrary, if I'm a knowledgeable and self-aware newbie who has studied the market and did a lot of research about Bitcoin, it's history, and all other aspects that are essential, I will try to accumulate as much as I can because I would know I will be able to sell them all at a higher price in the near future.