As Bitcoin is down at the two months low. Negative aspects are coming all around the place, negative news, no light at the end of the darkness. What behavior should you have? What are you supposed to do?
Well, there are two things you can do in this case:
Buy and research which coins may have a better potential when the market will become a bull market.
Stay, hold, don't sell anything!
The first possibility is easy to live with, since you invest in a bear market, therefore the later profits are almost guaranteed. The only thing you should really pay attention on is, where to invest. Some people think, that they will invest in bitcoin again, expecting the bitcoin to double its highest ($40k), but that is "only" 5x compared to the actual price. There are many coins staying below their potential, their development team is strong and continuously working on updates, upgrades, projects, road map achievements. And once those projects are done, the coin become a monster in capabilities as well as in price. These coins you should research, ask, read news regarding these coins. Because you can easily reach a 100x gain on these. Nonetheless, your risk is lower than investing in bitcoin where nothing is predictable, not too many upgrades are taking place with bitcoin, except the rootstock. About rootstock in a later article.
A very important thing to bear in mind is diversification as an unwritten law for your investments. I mean, it is better to splash for example $1k in 5 different coins, than put all of your money on one coin. If you diversify, you have 5 chances instead of only 1. And believe me, there is potential. You can gain with all your five investments 10x, but you can have even more than that, to get on a coin which performs really well even 100x. Therefore, I support my statement od diversification and that there is not only BTC you can keep your investments in, there are few thousands of coins out there. Just have 5 good picks. Lazy people can invest in BTC only, there will be an appreciation of its price after the bearish market ends. But that is a hard way to step on, to wait a lot until the coin reaches the 5x or 10x is highly unlikely that it will be capable of. Diversify!
If you don't have reserves to invest:
Well, there are people running at max and they didn't have time to accumulate some reserves for this scenario. What you can do guys, is HOLD! Just hold, there is no other option. There might be in case if one coin goes lower than the other you hold and you may feel that there is a bigger potential in that coin, then you can sell yours at a "loss" and jump on the other one. For that, you need to be expertise in this field and to know what you are doing. The best option for this is to stay still. Stay still and wait for your time coming.
The most important about this is to understand and learn from your mistakes: be prepared for a bull market/sale time. Learn to have a reserve, just in case you can get into something really cheap. Therefore, when the next bear/bearish market comes, you have some imagination of what to invest in and you have the ammunition to do that.
Cryptocurrency as a game is easy to play! Buy the FUD and sell the HYPE. The knowledge intervenes when you know when to buy and when to sell. About that in a later article.
I hope you enjoyed and probably you learned some mindset related to crypto investments. Do not forget to upvote, to keep this running! Thank you!
