Some basic things you can do during the bear market
It is no longer news that we are in the bear or dip season, but one thing that we don't know about is how long this bear or dip season will last. I just wish it is not a repetition of what happened in the year 2017 that we are going to be seeing, if that is the case then it won't be funny at all. We that survived during that era knows what we passes through and in respect to that, we don't want any repetition just like how I have hinted it above.
I wanted to drop this post long ago but for some certain reasons I am unable to do so. I am now happy that despite everything I am now back to my state and I believe nothing can spoil my mood concerning that regard. If you have been following my post you will see that I have been trying my best when it comes to acting as pillar for those who haven't gotten more experience/exposure in cryptocurrency through my blog. I have been dropping different update so that the newbies can have a clue of how we have been battling with bear market for some time now.
While some see the dip as an avenue to go out of cryptocurrency or an avenue to speak ill about cryptocurrency, others see's it as an avenue to invest more into cryptocurrency. Just like what I have always hinted, there is something that you should know which I may have told you before. When it comes to cryptocurrency, it is just like your normal business where loss and gain is normal, it is hard to see the market maintaining equilibrium all the time.
Relating to the above we can say that anytime you think of cryptocurrency you should remember that there is nothing certain here. It is either we are in the bear market or bull market or rather still, the market maintains equilibrium. Whatsoever situations you find the market remain calm wether it is going against you or along side with you. Cryptocurrency is so interesting and amazing if you knows what you are doing.
Instead of killing yourself over your lost fund you can still make use of the bear market and get something profiting from it. Below are some of the things I usually do when there is bear market to keep up the vibe.
Study and Invest into project: When it comes to cryptocurrency you should be very sharp. One thing you should do is that you should study those good coins that were doing pretty well during the bull run, then once there is bear run and the token drops in value, you should invest into it. Once there is bull run again you will see yourself making good money from it. That is one simple logic I always applies.
Do airdrop: Many people don't do this, maybe because they are rich. We all knows how airdrop works, it is just like free money and I have seen people making millions from airdrop, it depends on different factors. Once there is bear market and I know that the market will be reacting strange to whatsoever trade I am running, I simply port to airdrop. I will base almost all my focus here since there is free money coming from it. After making free money from airdrop, I will the invest it into buying of good coins.
We knows that people are furious when it comes to the bull market because many might have lost big part of their portfolio since the market usually drops without any signal. This is why some people are always furious with cryptocurrency and they don't limit it to themselves alone. They will go out telling people that cryptocurrency is this and that. I have always hinted that cryptocurrency is for the strong, if you know you don't have the mind to bear the lost you better faze out. As per those who understand this post you are free to try some of the things I outline that you can do when there is bear market.
Tfame3865
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Hello @tfame3865
There are many saying that we have entered a bear market, I do not know, I'm not sure about it, although it could be, everything is valid. However, one thing I am sure of is that just as there is a downturn in the market, a rise will come later, and we must take advantage of the moment when it goes down to get great benefits.
You made some very excellent points here. In a bear market, when one invests in a good project or a good coin, by the time the bull comes, the person will be in massive profits.
Nice piece buddy, thanks for sharing.
Hello friend, certainly with cryptocurrencies there is nothing safe, as well as you win you can lose, so we must invest money that we are willing to lose in case something happens. Greetings.
This is the period to double our investment in cryptocurrency with time this bear market will be over it is just the time we all did not know.
You are really making sense here, during this dip traders needs to study more and also invest more so the at all time high the harvest will be massive. Thanks alot for this wonderful article
First of all nothing we can do in the bear market expect for having patiance. But I like the idea of airdrop at that time their should be and also airdrop.
We can try to study the market and can trade under trade which will give some profit and help us in our continued trade.