The bull, the bear - are you still acting as the prey in the cryptocurrency market?

My younger brother asked me why does the price of cryptocurrency drops so badly at times, I sat him down and explain to him the little I know. I let him knows that cryptocurrency is just like your normal market, there is nobody that can predicts how sales will go. There is no how any body will knows if price of items/commodities will rise or not. Just like what I said above, since cryptocurrency is just like your normal physical business then the market can't be predicted.

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You can see someone who invested heavily in the market selling off while some will be buying, this is simply how things are being run in the cryptocurrency world. Take the impact of the Corona Virus in the entire globe as an example, you will see that immediately Corona Virus sets in price of all commodities started rising up. In my country almost everything tripled in price. This is how the market operates, just that one transaction can impact the cryptocurrency market positively or negatively.

Why investing in the cryptocurrency world you should knows that there is ups and down and every decision taken by you will have either negative or positive impact to the cryptocurrency market. I know the smartest person in the cryptocurrency world still makes mistake this is why it is better to make good research before you invest into any project. If you fail to do this you might end up regretting in a lots of way.

On my last post I talked about some persons cashing out while some crying out. What I was saying with such post is that when you are investing in cryptocurrency some person might have made some money from the impact your investment have provided. This can also happens vice versa, people might be crying if you are withdrawing the money you invested if the amount is big. It might crippled the market and those who refuses to take profit when you invested that money might sees themselves lamenting and crying. This is the more reason you should not be farer from your investment and above, you should knows when to invest, when to take profit and when to kiss your investment and said goodbye by cashing out all. Simply put I will advice we all to knows that cryptocurrency is not for the weak and shallow minded. If you are among such people that lament when their portfolio started showing negative sign will hardly progress in the cryptoccurrency space.

The market is in two (2) ways, it is either we are in the bull run or bear run. The bull run is just the best as everybody love to see their project yielding them good profit knowing fully well that with the money made you can change your life if you are smart enough to conquer the market. The bad thing about Bull run is that it does not always stays for long that is why I always advice everybody to stop the greed habit if you don't want to regret at the end. Always sells when you knows that you are in gain. I will prefer you sell half of the coin you bought if you knows you are in gain already. With this you won't regret if there is dip.

The bear market on it own is like hell. You will see that your investment will be on the negative side if you are not careful enough. As person who is into cryptocurrency and don't want to keep regretting it is better to always tether if you notice any slight negative movement in the market. If you fail to keep doing this, all your investment might dump badly and I know you will surely end cryptocurrency when that happens. In other not to allow bear run to destroys your life, it is advisable to always tether.

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With the recent bear run sign I have been seeing people complaining badly. When I investigate this, I saw that those complaining have been in cryptocurrency for long now. I know that we just can't predict the market but seeing people who have been in cryptocurrency for more than 6 years lamenting I felt so surprised. First of all they should have known by now that ups and down in the cryptocurrency market is normal. It is either you are making money or loosing money. I have always warned that cryptocurrency is not for the weak hand or shallow mind, you have to stay strong always and with that you will see yourself doing well in this space.

Sometimes the market crashes instantly that you will see yourself taken unaware but most of the time it is not so, it crash gently. This is the more reason it is advisable to tether when you keep noticing the decline. The old hands in the cryptocurrency world should not be lamenting because of bear, I know there is issues everywhere but they should be more composed than the newbies.

In whatsoever situation I found the market I have always relax to examine what to do next. Most of the time, you will see me buying more coins, expecially those that falls massively but before then I must carry out my research first. If you are the type that is still getting caught in the bear run it is better you re-strategize yourself not to see your self loosing more fund along the line.

Below are some of the things to do in other not to see yourself getting caught in the dip. They are;

i. Profit: You have to make sure that you knows when to take profit from your the gain you made from the market. Once your investment is doing well, take profit as fast as possible, say no to greed.

ii. Invest: Before you invest your fund you should make sure that you carried enough research before jumping into any project. This will help to see you not loosing your money along the line

iii. Move away: You need more research to do when it comes to moving away, you have to knows when it is idea to cash out all your token and run away from the project coin you are holding.

iv. Tether: Whether you are making profit or not it is advisable to tether whenever you notice any slight chances in the market. You have to be observant when it comes to this. You should knows when to move out from tether too. You need not to play with this so that your investment can be saved.

v. Invest what you can loose: Cryptocurrency doesn't promise you that you will be rich if you invest your entire life, the market is so volatile so it is advisable for you to invest what you can afford to loose. This is where many people will ask you to always use spare fund. If you do this you will see yourself not bothering about the bear market even though if it will stays for 10 years.

vi. Invest during bear: If you want to see yourself raking in profit it is advisable to buy a coin once you knows it has dip heavily. When you do this you will see that you will be able to make good amount from your investment when bull run arrives. The bear market always offers a lot of opportunities, it is now left for you to key into it. In other thing to know is that you will be privilege to buy the coin cheaply. Once there is bull run, buying coin is always expensive, you will see your self spending more money to get a coin than buying during the bear market. The amount of coin that will be given to you during the bear market if you buy with like $500 will be different when you buying during bull market. If you spend $6000 during the bull market to get 12000 of the coin you bought, you will see that if is during the bull run $6000 will give you less than that. You might end up getting just 7000 of the coin. So it is advisable to always make use of the market when it is on dip.

vii. Invest in offline business: While taking profit it is advisable you should us the money wisely. Some will goes about lavishing it. Don't ever do this, having your physical business that you are running will help you when there is always bear run. It will help to take care of all your expenses pending when bull run will arrive.

Conclusion

To see yourself not complaining when bear market comes in, it is advisable to do what I mentioned above. Bfore I round up this post you should knows that cryptocurrency is not for the weak, always hold strongly.

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