Can we do without the bear season when it comes to Cryptocurrency, No, that is one thing that every user's should understand. Am definitely one of the individual who so much believed in two ways of life and crypto as indeed proven that my ideologies are right. I remember telling a friend that every investment or business has it own risk period and that is one thing new admirer of this initiative needs to understand.
I already know that you have an idea about what Cryptocurrency is and I won't be going into details about that again, but it is very important that I let you know that Cryptocurrency is not all about making profits, loses too are being made too at a period, but regardless of that is very important that you understand all what could lead to this scenario too.
The Cryptocurrency world consist of two seasons
THE BULLISH VS THE BEAR
THE BULLISH
In order word most user's see this period as the green period, where by their is great return on investments during this period, the bullish period is considered to be the most talked about moment for all investor's base on the level of returns that do come during those period, if their is anytime crypto investor's do hope for in life it is definitely the bull season.
But on the other way round, it is very important that people , most especially new one coming into the fold are make to understand that the Crypto world isn't all about the bull season and on most occasions the bull season don't really last longer unlike the other season called :
THE BEAR SEASON
If their is anything you need to tell new bies about , especially when it comes to investing in cryptocurrency ,it is definitely this season, the is one of the biggest season in the Crypto world, cause it has a way of bringing loses for investor's most especially when it is not handle with care, if their is anyone who tells you that all crypto is all about is making profit, then that is a big lie, here is one season that do hit the market with lot of loses during it period.
The bear season is inevitable and I want to know that you are aware of that and if not now you know, knowing more about the bear season is definitely important as that is definitely going to help in handling everything that happens in your crypto journey.
Understand that the bear is not all about loses, irrespective of the dip hitting the crypto market at such period, their is always a good side to things in life even in their deepest moment. A quick look on how to handle the bear season.
Buy the bear.
You won't always have enough funds to buy the bull and for me I wouldn't advise that you buy during such moment as you might end up buying at lose too, but getting enough funds to buy the bear is definitely one thing you should do, if their is any perfect period to store wealth for the future in the Crypto world it is definitely the bear season, cause it gives you enough time to buy more irrespective of what you are losing during this period.
Always choose to hold than selling
I know it always hard during this moment, especially making decisions on what to do also is always hard , as all what do happen at this time is definitely base on risk or a 50:50 chance, but for me I will rather advise that you hold on to whatever you have in terms of tokens during this moment as selling off due to panic can led to losing more than ever before, telling new Investor's about the habit of holding too is very important as panic will definitely come during this period that might lead to making rash decisions that will definitely affect one during the bear season.
Understand what you are investing on
It isn't just all about buying the dip during the bear season alone, but having full knowledge of what you are investing on is definitely one thing you should always do, massive dip or whatever dip hitting a token is not enough reasons why you should buy it and that is where the place of research comes in, always put more effort in getting an accurate information before investing or putting fund on a token during the bear season.
Investing on a project that sounds or look promising during the dip is always profitable than putting fund on project that will definitely enter the mud later on.
Put what you can let go(money)
Be mindful of whatever fund you are using in buying the bear during this moment and always have a zero mind that you could end up losing such money too, that is why it is always advisable that you put in what you can afford to lose too in buying the dip , cause at times you might buy the dip and still get it dipper much more than what it use to be before buying.
So irrespective of the season, whatever fund you are using as investment during any of the period be very sure that it what you can let go irrespective of the outcome.
Thanks for reading my blog