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Author Topic: How to protect your portfolio during the bear market?  (Read 355 times)
jamids
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December 06, 2017, 03:10:37 AM
 #21

I will convert my bitcoins in dollar and just store it there until the price of bitcoin will have signs of reversal. It is hard to determine correctly the exact time of when it is so I will just buy in portions so that I can have the average price of it. Some of the professional traders though use the opportunity of the bear market to short some coins and according to them, it is more profitable shorting than trading it long because when the market goes down, it is almost predictable because of the panic sellers. But shorting is only for those traders who understands it because once the trade does not go where you want it to go, there is a possibility it will wipe out your account immediately.

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December 10, 2017, 07:19:41 PM
 #22

I agree that this is a bear market in which the only way to protect once self is not to sell the coins for the moments and to accept the lost
This is a bear market? If bitcoin trading above 15k is a bear market I do not want to imagine  what a bull market is going to look like, a bear market may come, and the keyword in the previous sentence is 'may' we do not know what it is going to happen, I do not see a reason to see a bear market in the near future since everything seems like is finally going well in bitcoin despite the forks.

 
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