How To Navigate The Bear Market And Profit From It Like A Pro
People have to understand that in the crypto industry or space, there must always be bear markets or bear runs and bull runs or bull markets, they are both inevitable when it comes to the crypto market, so I guess the wise thing anyone in the crypto industry can do for themselves is to accept and embrace it. Because once you do and understand that fact, it becomes easier for you to make money from the crypto market and it will also help you keep your emotions in check, meaning you will be doing less reacting to every short-term market condition and you will be doing more long term calculative and informed decision.
What To Do In A Bear Condition
Despite the pain that comes with the bear market when the price and value of the coins in your portfolio are dipping, the bear market still presents the best buying opportunity that you won't get from a bull market because at that time the price of all the coins in the crypto market would be high and may be too expensive for you to buy or afford, that is why the bear should not be feared or ran from but taking advantage of because during a bear market the price of everything in the crypto market drops and it is way cheaper than the bull market which everyone including me loves.
So just buy a bunch of good coins (as much as you can afford) in the bear market at discount prices and then wait for the bull run or market to come so you can cash out in profit, because the bull run will always reward investors but before you buy any coin at all, please do proper research on them so you don't invest your money in a wrong coin or project, all in the name of stacking up your portfolio and taking advantage of the bear market, because if the crypto project should fail you will have yourself to blame for not doing your due diligence on that coin you invested in.
In Conclusion
We should not fear the bear market, but while taking advantage of the bear market always remember to invest wisely and do proper research, don't invest in any coin blindly.
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You know what? This is exactly what I was trying to tell one of the store owners as he was puzzled that I was still buying crypto when the market was down.
It really is a mindset that you have to develop in order to see the current bear market as an opportunity and no go running into the woods screaming in fear at every dip in prices.
I also stressed the importance of doing your research before investing in anything, and only being willing to part with what you can afford to lose. These are life lessons that everyone can benefit from.
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Yeah it is a mindset that needs to be developed because if you don't you will never see the opportunities the bear market brings.
I am learning that. It is so much fun how I can purchase a lot during this time too. Of course these are all Hive tokens but I am getting the hang of it
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That a nice one dear you will enjoy during the bull run
😁
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You can make money in any market condition and accept the bear market as you mentioned. It helps you to remove emotion from the equation.
Definitely mate accepting the bear market help you control your emotions.