Should I stop trading in this bear market?

[dmamigo]

Investing would be a good option, avoid day to day trade if anyone is new and if he/she is unable to handle a sudden loss. At every dip, try to buy few, and then you may decide to keep it for long term or for a shorter period of time, not day to day though. But even now one can earn, people just have to be very good with analysis and prediction capability, which will make them earn when there is a sudden rise.

[lamadu3]

This is not the right time for you to trade now, while the price of Bitcoin and Altcoin are lame, when Bitcoin has just increased a bit, then immediately lower prices that we can not consider it.

I guess, only a newbie could ask this question. The beginner should really stay away from trading. Concentrate on holding your altcoins that you have in the portfolio.

[kennen1113]

for now the best and safest way to trade is to stop first and continue to buy coins that have great potential to be used as investments or to hold in the long term so that you can get a good profit....

The preferred option is to stop trading in the bear market, do not accumulate or buy more because a large number of traps are set up, if we jump in, we will hardly be able to escape, this market has changed too much. It is no longer a game for all of us, it is a battle of the underworld, we need to wait for that battle to end, everything will move back to stable and that is the time we can start trading, rush in this stage will be very easy to stick to the trap

[Yatsan]

Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?

The most sincere advice you should stop investing now. At present there are many traders who invest formulas and they have completely lost. The whales have changed tactics and everything seems to have ended. So wait for a new market, and start over.

I didn't get the point of you saying that whales have changed their tactics? isn't it normal? that the market is down as of the moment because whales are waiting for a great time of the year like they always do? Trading should continue and great to continue due to bear market, less price of any altcoin in the market which will give you more opportunity in the cryptocurrency market.

[Dreamace7]

There are ways of making profits, even in an extreme bearish market. But not all traders have the skill and ability.
The primary objective is to protect your capital, so in a bearish market, it's best to switch your holdings to top currencies which are high on CMC, and Hodl.

[Traderbtcc]

There are ways of making profits, even in an extreme bearish market. But not all traders have the skill and ability.
The primary objective is to protect your capital, so in a bearish market, it's best to switch your holdings to top currencies which are high on CMC, and Hodl.

Sounds easy but you'll be amazed to find out that the top Cryptocurrencies are ones spearheading the dumps. Take for example, tokens will dump because the mother of all tokens ~ Ethereum is dumping as well. As for OP, I would advise that you stop all trading related activities to avoid getting rekt more.

[ChannaJay]

Hello friend ,

Stoping trading is not the answer.This market fluctuation is effect all the traders.But other traders have patience.

So for this problem, I would like to advice you to please stay calm and be patience until market price will pump.

After that we all can get more profits.

Please refer more articles regarding trading.

Thanks.

[TelolettOm]

I will continue to trade even though the market is bear because my goal is to sell my coins. even though getting to the slightest doesn't matter as long as I don't lose. after selling new I will buy as much as I want to reinvest.

[Ucy]

You have to keep buying important dips lol. Kidding aside, this method works well for me. It's risky but you'll most likely be rewarded in the future.
Have you ever wondered what will happen if everyone stops trading or buying in bear markets... Of course the market will continue to tank as sellers continue to sell.

[liseff3]

There are various types of strategies in dealing with market conditions, especially when the market is in a downturn, stagnant and rising, if we can apply it correctly, I think we can still benefit from trading. I think this way is done by all traders to maintain the rate of return on capital, that is by looking at market conditions.
We recommend that you continue your trade, because public interest in bitcoin is also felt to continue to rise even though slowly.

[GymClassHeroes]

Trading can be very addictive, you could get high on it, Mont quit even when it is obvious that you keep making losses or are not knowledgeable enough to day trade. It is even more challenging in a bear market. It should be left to the professionals

[rose8963]

Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?

Yes, you can see that bear market is very dangerous to us, you can see that bitcoin and altcoin prices are constantly fluctuating and adjusting very strongly, the market is in a long downturn So I believe you should be patient and wait for the market to stabilize so that you can trade more safely. I believe the bitcoin price will probably drop to the $ 5,000 mark and you can wait for bitcoin at that point.

[bitwagega]

If you are worried that every coin you have will eat your profits, you better sell the coins you have. That's better than you have to worry every day. If you have got the price difference from the selling and buying prices, even though it is slightly better sold.

[Whosdaddy]

I do not want to stop trading because I still started this, what I am doing now is still observing even though I do not make transactions. I still hold coins for a while

This is not even about leaving crypto; this is about someone trying to trade the bear market. The only thing I can say to this is that, trading the bear market without knowledge is really going to make you lose out a lot.

In a bear market, the market tends to move a lot faster downward than upward and you really want to be making sure you are principled enough to make the right call and not get too greedy, or else you will not like the outcome. This is the reason why some leave the bear trend and let the market develop until it switches to an easy to trade uptrend.

[katuhakuh]

In my opinion, you always check Bitcoin prices but the cryptocurrency market is not good for trading so I think you should stop trading in this bloody market. All you do now is check the price several times a week and just wait for everything to come back again and you can trade again.

[ginellis]

If your trading is repeatedly ending in losses to your portfolio,  it will be wise for you to stop trading until the market stabilise and possibly in upward trend.  Bearish market trading always lead to losses!

What is very important even as a trader is never to trade what you cannot handle? As long as you know your knowledge, skills, attribute cannot handle a bear trend and trading within this condition, then, you should not even think about it, let alone try it.

Bear trend requires a lot of fast thinking and not getting too emotional or greedy. You must be quick at taking losses and quick at taking profit in a bear trend, and this is something you should not even joke with.

[galambo]

Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?

ETH now is below 200$   
Thats really causing a lot of fear in the minds of several holders and day traders but if we take it in a positive way, we could see that it is really creating a good way for the day traders to make small profits. The continuous pump and dump gets a better profit because of the small volume trades. I would suggest you to not to stop your trading completely in this bear market but instead you could pause some of your major trading and should try to hold your coins to the most instead of buying and selling them.

The best part in these kind of bear markets goes for holding your funds because some or the other day this bear markets has to stop and the coins would again start pumping at that time. The current bear markets won't last long now because already a huge price drop was been noticed. Bitcoins are now again somehow up and will continue their journey to the moon.

Also the daily trading volume for ether can be noticed and it is quite good as compared to before so it does indicates that peoples have again started showing some intrest into the cryotos and they might surely get a good fruit for it ahead. Stay for the cryptos and hold them in the bear market instead of selling them cheap at loss.

[jhonjhon]

This is not the right time for you to trade now, while the price of Bitcoin and Altcoin are lame, when Bitcoin has just increased a bit, then immediately lower prices that we can not consider it.

This is not the right time newly crypto investors cause there is a high percentage of losing than of gaining. Only knowledgeable traders can certainly play the volatility of the market and have enough courage to face the risk. And if you don't have that certain requirement, you better stay on holding and play some stuff for another sources of income.

[Herostorm]

Have you ever heard that as the market falls, the more we buy, the less risk we will have, so it will be saved when we buy the coin at high prices and neutralize the risk.

[Xardasim]

Trading is like an addiction, but this bear market seems will be very long. Bitcoin is going to under 6k USD, ETH is now 262 USD, Almost 80% coin fell down. I can't make profits at this moment in trading, Because after getting a little bit of profit, the market again goes under, then another coin eats my profit too. What should I do now?

The volatile nature of the cryptocurrency is known by everyone. When you started trading, you had to know it. Then you would not have asked this question. If you can not risk it, yes, the best is to wait.