THE BEAR CONTINUES - IS CRYPTO TRADING WORTH IT?

I am a Hodler by nature and those who Hodl feel the pain - the longer the bear stays, the greater the agony you are going to feel. Even then I understand that it is only a matter of time before we all see newer and greater all time highs..... could be a month from now or it could be a year and that is just how it goes.

As for those who trade in the market and are proficient in it are the ones that make themselves some money even out of a bear market. So yes, cryptocurrency trading is definitely worth it. the fact that it's not for me is only a personal choice. Those who trade have a different kind of mental makeup and if you can combine that mental attitude with a sound understanding of the market then you are probably all set for trading.

Most of the flow of the crypto in the market is currently due to speculative trading. This mostly has to do with the lack of adoption. I too have been mostly involved in speculative investment in crypto. I am a very light spender and the things that I buy are mostly my daily use products like grocery and clothes and such. I have never come across a shop near my home that offers crypto as a means of payment. Granted that I have never seeked out a place which accepts crypto, but if I do come across the option to use crypto as a payment option, my instinct would be to go for it.

I say all this to highlight the fact that mass adoption of crypto has a long way to go and till that happens, crypto trading will bring in hundreds of thousands of people into the crypto world every year. I am sure that plenty of them will choose to stay for the technology. I am not speculating this because the same thing happened to me and my friends.

Here are a few rules to keep in mind before you start trading crypto:

1. Invest only what you are willing to lose. This mantra doesn't really means that you don't trust the market. The idea behind this is to invest that amount of money, over which you can take cool, calm and objective decisions. People loose money over emotions and gain money by being objective and logical.

2. Research, research and more research. Take a careful look at the projects that you want to start investing in. You don't have to be a technical wiz to listen to videos and read reviews, so don't worry about your lack of knowledge of the crypto world. You'll learn as you go along.

3. Look up on the technical analysis of the price movement of the coins. TA is something that is absolutely essential if you want to become a good trader. From the biggest to the smallest traders, all use TA to get a future projection of markets.

4. Have a strategy - Day trading, weekly trading, monthly trading, etc. Stick to it and don't get greedy because it will cloud your judgement. Greed will make even a logical mind stupid.

Note: Trading is a risky business and one may start doing it at their personal discretion. My support of crypto trading is my personal opinion and should not be taken as advice to start trading in crypto ....... Blah, blah, blah!