Bear market: The survival of the fittest

There is no other testing moment for crypto investor's out there than the bear market, it's really a time people do have thousands of thoughts in their brains, like how long will this period take, should I dump or better still hold.

It's definitely one season you can't avoid when you are finally into crypto investment, to me, it's like you're waging war against a force you can't see.

Lot of self - acclaimed experts have given lot of predictions about the bear market and even giving prophecies on how long it will last, recently I was made to invest in #digimon #rabbits coin based on that ideology and I honestly regret taking such an advice.

Currently, #digimon #rabbits is battling with a lot of decrease in value, even when other tokens are gaining strength in the market, the coin is not just showing any signs of hope at all, so it as really show's that crypto doesn't respect any prophecy.

Having a clear understanding of Cryptocurrency is certainly important, and having clear goals too before embarking on crypto investment has more role to play when it comes to the bear market.

There are undoubtedly lot of means you can actually embark on to survive during the bear season, these means are not totally the way out, but base on my little understanding so far, I see them as a means of reducing your loses during this phase.

Make crypto a long-time investment

Individuals who always want to invest within short period might on most occasion lose the battle to the #bear market because on most occasion it's very hard to predict what the market will say irrespective of it trends, trying to do quick business with crypto might not go well at all, but taking cryptocurrency as a long-time plan will certainly help, your investment strategy should not be for a quick reward as that will not give you a different feeling when things aren't going your way.

Crypto don't respect prophecy

I'm a victim already, and I can absolutely tell that, investing in tokens due to prophecy can be awful at times, though at times you might be lucky, but over time, cryptocurrency has proven that is not anyone family members at all.

Always have a plan B

I don't always advise that all you put your hopes on should be crypto alone, so having another means of investment will certainly help, I honestly believe having such plans will definitely take your mind off this since it's a long-time plan.

Invest what you can let go.

Crypto project might look fantastic at first and that alone is absolutely capable of convincing someone to purchase at first, just as Digimon rabbits was to me also, but taking away greediness and investing what you can afford to let go is essential , with that, you will be able to handle whatever result that comes later.

Note

Quick dumping of tokens during the bear market will definitely not help, because you will eventually be selling at loss, it is not always advisable to think that dumping a coin during the bear will cut unforeseen losses.

Posted Using LeoFinance ^Beta