Business Activity || How are You Coping With The Bear Market? By @pocoloco01

in Business Activity2 years ago

If you're a newbie or this is your first bear encounter, I'm sad to say you you can expect a pretty rough ride. Since you probably already know from the market's recent performance, let me officially welcome you if you are reading this. This is the first step toward becoming a long-term crypto investor and holder.

bear-838688_1280.jpgImage Source

The bear season has thus finally arrived. I anticipated it because, like the bull season, it is unavoidable, but most newcomers weren't ready or anticipating it. What will you now do? Give up, liquidate your assets, and stop trying? Really? If you choose to do that and the bull market resumes, would you truly desire to buy the top once more? The simplest way to lose money in cryptocurrency is to sell at the lowest and buy at the high, which is what you just did.

However, there are things you can do while the bear market is performing its duty during the bear market. You have no control over it, so leave it to continue bearing.

However, you can pick up some ideas to help you make it through the market. In this way, you are ready for the upcoming bull run. Nothing is worse than seeing your money going doww, and most individuals are experiencing this as the value of their cryptocurrency portfolios plummets precipitously. This is not financial advice; you can take advantage of the opportunity to buy the dip. Despite the FUD and fearmongering that are being pushed, some people are taking advantage of the chance to purchase the dips. They see a buy opportunity where you see a bear market.


The power of knowledge


Currently, knowledge acquisition is essential since it allows you to learn a lot, acknowledge your mistakes, and develop the ability to use them to your advantage. If you previously invested in shitcoins, now is the moment to understand why they are referred to as shitcoins. What makes them special is unclear because they have no utilities and can only be used to make payments, which is how 99 percent of all cryptocurrencies are utilized.

It's acceptable to cut your losses if you invested in shitcoins but don't see a future for them or no longer believe in them. This comes when you've gathered the required knowledge.

Learn about them and keep an eye out for the new ones entering the market because there will be many new crypto projects since they have spent their Bear days developing. Investing in cryptocurrencies is extensive; there are various categories of coins and various utilities.

Be open to everything because the cryptocurrency industry is here to stay and has already gone through this phase. We have seen it previously on both the stock market and the internet.

Business NameHow are You Coping With The Bear Market?
Owner's Name@pocoloco01
Business AddressLagos, Nigeria.
About UsLink To Presentation

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