Re: What's your next step if you experience a Great BEAR MARKET ?

Quote from: alastantiger on March 27, 2024, 08:30:15 AM

Quote from: OjAbram on March 27, 2024, 08:23:48 AM

What's your next step as a first timer in Bitcoin /Altcoin trading?

When Bitcoin experiences a price drop altcoins also experience bear market too. It would not be wise to buy an altcoins in a Bitcoin bear market. As a newbie, I'll hold my coins and worker harder to get more funds to in invest in Bitcoin weekly.
There was a time last year when Bitcoin was at $15k if you had compared it to now that the price has quadrupled, you would think that there wasn't any hope of recovery especially if you had allowed the news feed you fear. With Bitcoin there is also 100% possiblity of price increase. No matter how low it gets.

Yes, bitcoin provides a guarantee to their investor that they will recover their investment soon whenever they feel that lost their investment. As you said from last year prices increased by quadrupled so those people who stayed on the last movement are now happy and those people who are out of the journey experienced many losses. There is a simple rule according to me in Bitcoin if you trust me I will never disappoint you Grin

but trust and belief are mandatory. So if we face a situation like this then we will start a weekly investment until the price gets back and grab our investment with profits.