Coindesk
Wise investors use bear markets as the time to buy coins at lower prices. They realize that the token is on a sale.
And the basic rule in the crypto market or in a stock market is, "buy low, sell high". But many inexperienced investors do the opposite. They sell when the market is down fearing that it will go low more and buy when the market go high hoping that it will go higher.
In other words, there are terms used for these situations in the crypto world - FUD and FOMO. Selling in a fear when the market is low is called FUD, Fear, Uncertainty and Doubt and buying when the market go high that it will go higher is called FOMO, Fear of Missing Out.
Its important to care and not fall into any FUD or FOMO while investing in the crypto market.
Smart investors know how to ride out the bear markets ending up in big gains when the market bounces back.
Short term investment could turn very risky. Long term investment can prove fruitful when you being an investor have patience and fortitude to hang on and wait.
But at the same time, it also depends on you which crypto projects you chose to invest in. It's crucial to do your due diligence before investing in a crypto and not to invest more than what you can afford to lose.
Note: This is not a financial advice.
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