Never panic sell during the bear market instead take advantage of the market by buying more coins
When this dip hits us I noticed something that the rate of lament was high compared to how we use to do it back then i.e almost everybody on my list that are into cryptocurrency were all making jest of the dip. I was just viewing status and laughing.
I don't know about your country but the rate of lamenting and frustration was something else. With the way I studied them I saw that we have a lot of newbies who keyed into cryptocurrency recently. I was able to spot this because of the high rate of lament. If newbie are not that many, you will see a lot of silence despite the dip. We old hands are used to everything here so we are not pushed to always complain. That was the strategies I applied which I use in determining the inflow of newbies.
When it comes to cryptocurrency we should knows that the bear market just like the way I have been explaining it, is an avenue for us to acquire that coin which we knows have good vision and good team. To get rich in cryptocurrency is very easy but taking the risk is the issue. It is not easy to take such risk because we knows that it is 50/50 in here. It is either you are loosing or you are winning. Remember that as you are buying and when you are buying people are selling, simply market system.
Permit me to say something, before the dip hits us, I always take my time and keep observing coins that are doing well in the bull period. I will jot all their names down i.e just coins that did well during the bull run. When bear market hits us surprisingly or not, you will see me buying those coins with good potential. When you keep doing this, a time will come you will enjoy the fruit of your labour because you bought a coin with a vision. You should be happy for this information but remembered you can still loose with this strategy too.
Mind you before anything, I always advice that we should use our spare fund so that you don't get burnt along the line. When you do this you will see that the good project you buys into will at the end turns out to be a life changer. My advice is that don't buy into a single project in the bear market, always endeavour to buy into many undervalued coin, it will turn out good along the line when coins started recovering into the positive green zone.
I remembered a friend of mine who I told this world, in fact I always use this medium to advise everybody that when it comes to cryptocurrency we are surrounded by uncertainties. This is why I always advised that we should never in any way panic sell. The moment you panic sell you should bear it in your mind that you will make a lot of loss. Never in any way seat down and get controlled by the market. You should never sell your coin because somebody out there is feeding you with negative words that we are going to see the end of cryptocurrency.
Many of them are pained because they don't have any coins, because of that sol reason, they don't want you to own any coin too. So during the bear market, like for content writers this is an opportunities to earn more of that coin. Bear market is a blessing for those who misses out on some certain coin to get back in. Many will not see the message I am passing now, this is simply because they are just after nagging.
A friend of mine named Thomas panic sold all his token base on frustration during the last two years dip. I can't recall the precise date again. He said cryptocurrency is total rubbish and he won't be keying into it again. Before he sold his token I begged him and also explained the market to him and also begged him never to sell since we are in bear market and market is crashing. I told him that if he sells now he will make more loss. He never listen to me. He went ahead and sold.
Few months after selling all the coins increase amazingly well. Funny enough the coin he sold in particular ends up performing more than the way they were before. He was shocked and he started crying. He said assuming he followed my words. Well, it is too late when the head is cute off.
When there is bear market don't panic sell, you will be loosing more money. The only reason you should be selling is when you knows that you need urgent cash and there is no way for you to get it. In a nutshell invest by following the advice I gave above, if you do you will see yourself swimming in money when market recovers back.
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Disclaimer: Always use spare fund and invest what you can afford to loose. Make sure that you followed your mind after you might have carried out a lot of researches before keying into that project.
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