Bear market FUD : How to defeat the bear PART 2
It is cold winter season in the crypto universe and were all just trying to survive. But have we frozen over is this just a seasonal thing that happens from time to time. It could be the price of bitcoin being affected by several occurences and the rest of the market following along, or it could be the end of it all. Either way we have to stay strong mentally and find away to overcome the circumstsnces, so I present you defeating the bear. Where I will tell you how you can get through the bear market.
Dont be blind. Most of the time the downtrends are not so obvious to the unexperienced eye. That means that you won't see it coming when it happens and the market turns cold. But the worse thing you could do in this time is to ignore what is happening and think that your investment is somehow stronger then everyone elses. If you see where I am going, yes it is being a biased investor. If you dont know what that means, basicslly this is the person that thinks their holdings are strong and will survive the dip only because they picked what to invest in and of course it is the strongest, in their opinion. Ultimately they will not see the risk of entering a bear market unprepared and will do nothing to prepare. Do not be this type of investor.
Take action. Be proactive and have a strategy for when a bull or bear market happens and do your best to make the best move possible in either times. Think of it like your taking care of your future. If your future depends on it you definitely wont be careless enough to not prepare. Unbelievably so some people are. It's easy to get caught in a trap and loose all focus so dont let it happen and take proper action. The succesful investors can change directions when things get shaken up. They know that you cant be emotional in your decisions. Also that means to not rush into a sell or wait too long to buy. That is how the successful ones are able to survive market changes.
Conclusion. Stepping out of your shoes to see things from the overall perspecitive is going to save you a lot of troule. As things are happening you have to adjust and be prepared for success and failure. If you practice these things then you will be ready for the next turn of events.
Thank you for reading
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