Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.
Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.
Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?
I'd listen to the experience ones and you know what typically they're saying about such bear markets? It is not there to stay forever and the market will eventually get up and recover and that's why all you have to do is calm your heart and mind and it will recover soon. But if the altcoins you're holding aren't that important in the market, they're unlikely to recover so it varies with what you hold. There is no doubt and question with Bitcoin and that's why we always keep moving forward and takes the moment to accumulate more when we're in a bear market. Luckily, I've been through with it and that taught me lessons that I am bringing with me and that's why I am not to worried at all even if we get a sudden correction or we go straight to a bear this time.
Having a bear market that shows no signs of recovery is only at a newbie’s point of view. Because if you ask those who have been here for long, they will certainly answer the same thing, the bearish market is only here temporarily and soon we will see the market turns bullish after couple of months. And they’re right, the bear market is crucial so we can witness a bull run soon.
Now when ask about the best thing to do when your investments are trap in a bearish market, I’d say continue to DCA and hold your coins tight. Know that you will never lose if you won’t be tempted to sell at a lower price, so instead of panicking, make this bearish market another opportunity to accumulate more bitcoin or altcoins of your choice.