How to rejoice in both bear and bull market?

in #bitcoin5 years ago

After a terrible bear market lasting from early 2018 until May 2019, it feels so good and refreshing to finally experience an upward trend in the market and something reminding us all of the bull market we remember from the last months of 2017 and the start of 2018.

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It is easy to rejoice when it is a bull market, but how can you at least try to feel better when we suffer in a bear market? It would feel terrible to start a new period with bear market and to see Bitcoin move towards 3000 USD again and see the dear altcoins fall 100-200% in value in the coming months. But, it can happen and that is definitely what we saw in the last bear market. So, what can you do to make sure you will have something to rejoice in if a new bear market sets in?

How to rejoice in the bear market?


In the last month, I have sold a big portion of my Fusion tokens simply because it has gone up 100% in value towards Ethereum (with which I am trading my tokens). Now, I do feel bad about selling those tokens, because I have a feeling Fusion might explode in value and instead of being sold at 1,5 USD (which it is now), I can easily see the price of this token explode and move towards 10 USD and more with the fantastic nodes coming up, mainnet launch, and who knows, maybe some even better exchange listings in the near future.

So, maybe I regret selling those tokens and I feel bad about it... I could buy them back at once, but I will not do that. Do you know why? I will keep my Ethereum and if a bear market comes hitting the cryptoworld seriously, I will still be able to rejoice as I double my amount of tokens buying them back at a much lower price than at which I sold them.

So, by selling tokens along the way upwards, you can guarantee yourself a way to rejoice if the bear market should return. But, what if the cryptomarket goes ultra-bullish and I have sold my tokens? Well, don't sell all of them! Keep a good part, and even though you sell on the way up, your total value of tokens will still go up in a super-bullish market and you will make money, but at the same time be secured if the bear market suddenly returns with power.

Do you have a strategy?


These are some of my thoughts and part of my strategy when it comes to buying and selling cryptocurrencies. Do you have any similar thoughts or strategy? I would love to hear from you!

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