Ask Leo- How does it feel selling your coin during the bear market
The cryptocurrency market is volatile, and with its ups and downs always left investors and traders wondering about the right time to sell and hold their coins. We are into crypto in order to make a profit the only different between majority of us is that some people are here for the short term gain while majority are here to financial freedom, but whatever it's cryptocurrency has taken the world by storm with its decentralized nature is what gives many people an opportunity into the future.
However, like other market price changes likewise the market price of crypto is not stable. Crypto market not stable and unpredictable and the market consist of two season bear and the bull. The bear market is a term used to describe a period when price of crypto is declining while the bull market is a term used to describe a period when the price of crypto is gaining profit, this time of bull traders and investors take their profit with joy.
But the time the market is declining (Bear) selling of coin can be a challenging decision for everyone, it can cause an headache especially if you have already invested a significant amount of money on a particular coin, you'll feel emotional forcing yourself to sell the coin to avoid further losses. To be sincerely the decision during this time is emotionally draining for people who have hold their coin for so long time.
Over the past few months we have see many investors that make a good fortune with short term investments and see those that have losees all their investment due to the market ups and down and there is no how you'll want somebody that sell during the bear to feel good.
Selling your coin during the bear time has to do with two different things, is either you need an emergency cash that you have no where to get it. That can make someone that don't plan selling his holding to sell during a bear time, for instance Hive hovering around 30's cent for more than 8month which is not good time to sell compari to when Hive is above $1. But because you don't have a choice when bills arise you have to take off your feelings and sell to fix some of your life issues.
Also selling of coin when the market is on downtrend and because of FUD you can sell your coin at cheap price to avoid loose all. However, both are not good but we dont have a choice if something like this happens to us