beerlover
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July 01, 2021, 03:55:11 PM |
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A trader must know when the right time to enter and exit, in contrast to inventors who only sell according to a specified target. Therefore, it is very reasonable for traders to use stop-losses to minimize the amount of losses, It is true that trading is not only ready to make a profit, but also ready to face losses. Most importantly, the amount of profit earned must be greater than the losses experienced. Good traders must be able to analyze the market well, so as not to be speculators. So if we can plan a strategy well, so that it is easy to become a successful trader, by collecting as much profit as possible.
This is exactly why being an investor is a lot easier. All I have to do is buy at the right time and wait, I can wait over a year if I want to, I do not have to check the prices every 5 minutes, I check them once a day and that is more than enough for me I do not need to recheck it because that is all that I need. The bad part about being a long term investor is that you end up seeing huge moves while you do nothing, like I bought some under 10k and didn't sell any, I could have sold over 60k and bought back at 30k and could have owned 2x more bitcoins and that is the part where being a long term investor is a big challenge, you end up seeing big moves and some of us act on it and others just watch it. Trader on the other hand could lose a ton of money during these moves, or could make a ton of money as well, it all depends on the talent, it requires more talent and knowledge than being an investor and it requires a lot more work.
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aysg76
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July 01, 2021, 04:42:52 PM |
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If you are not dealing in intra-day trade then definitely you can go off the radars for few time and ignore the market charts which can boggle your mind at some point and you might loose to the market which can cause you to panic sell.The best is to invest whatever amount you want to invest at any right time you want to do and then just do not watch all the red lines and do not have bearish impact on your mind and hodl for the long time and just do enjoy your life and get high profits.Good points mentioned by you overall and if we follow any 2-3 points for our investments.
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xSkylarx
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July 01, 2021, 07:04:50 PM |
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If you're new in crypto, dealing wirh bear market is really difficult at the beginning. You think that you are the most unluckiest person in the world to experience that and you won't be able to recover your loss anymore. Overcoming these experiences will greatly help your mindset when bear market occurs again. You will know what is the best thing to do or avoid. Bear markets don't last forever, if we have strong mind to hold our coin and not be affected by the fuds spreading then bear market won't be a problem to us.
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carlfebz2
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July 01, 2021, 08:59:13 PM |
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While in a bear market, I limit in looking for my investment so I dont need to think anything, I dont have any plans to sell during the bear season because I am already at a loss so what's the point of selling if you can keep holding it and no one can say what will happen in the next another day, I know that it can still recover and my I vestment will grow as well.
If you don't need that money it's good to stop looking on it, there's a high chance that fear will move you if you keep seeing the value of your asset, and logically right that there's no sense selling your coin after seeing that the value is far lesser from the original, waiting game while the bear is dominating the market. Im doing the same thing on where dont look into the market on active manner and if you dont actually dont need money or wont really into those investment then better having this kind of habit. The more that you do check out from time to time the more the risk on making out bad decisions that you could possibly make because when emotion do sits in then it would really be hard to control if you arent that strong self-willed into your investment. Dealing with bear market isnt something simple as it sounds and this is why this will vary on each person when it comes to decision.
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ReiMomo
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Duelbits - $100k Bonus/week
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July 01, 2021, 09:12:49 PM |
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I guess it doesn't matter if there's a bear or bull market once you already invested in bitcoin. If you have been purchased bitcoin at a high price and then it suddenly down, of course, there's a loss if you are going to sell what you have invested under the price where you purchase. How to deal with a bear market is just to hold your asset and never sell because if there is no selling execution there is no loss at all.
People with a panic selling emotion is a sign that they can't deal with the market properly. So sad to them.
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Vaculin
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July 01, 2021, 11:22:49 PM |
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The bear season is a huge challenge and many are quitting when seeing their portfolio is declining, that actually disappointing. But I don't think it is a need for us to quit but rather have to think that it will back to the bullish season. This is not new actually, dump and pump, we are like riding in a roller coaster.
It is very simple on how to interact with this bear market, *keep calm and avoid checking the market constantly coz that really gives the influence to your mind and could give you frustraion. To enjoy some activities will give us the opportunity to divert our minds instead of focusing on the market.
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so98nn
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July 02, 2021, 05:58:03 AM |
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May be one should also be more technical than just having generalised protections against selling our stuff. I would usually convert the crypto into stable coins and also the local currency but do not withdraw the money. I mean fiat or stablecoin, does not matter as long as you are not freaking out and withdrawing all the money into bank account. That would be loss! Once I see that the crypto market has gone wildly bearish then I will buy with the same fiat. This restructures my new entry point into the market. Technically speaking after wild bear trend the bull follows no matter what and thus it can boost my profitability pretty high. But definitely, we can do this only if we can control our emotions of not selling the stuff forever.
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jaberwock
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July 02, 2021, 06:21:09 AM |
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The bear season is a huge challenge and many are quitting when seeing their portfolio is declining, that actually disappointing. But I don't think it is a need for us to quit but rather have to think that it will back to the bullish season.
When you start experiencing negative growth with your portfolio then that is the time for switching over to your psychological skills from your technical skills. This is the reason, OP is sounding more psychological rather than being technical nor fundamental for effective dealing against bear market. "Only investing" must be a good way to deal with bear markets in my opinion as well.
Still I will prefer going in diversification way, like rather than only investing, I will go 10% of my networth in active trading and another 10% in mid-term trading and remaining alone for long term holding. Basically I love to trade proactively which means dealing against bear will make me prepared to go stronger with bulls as well.
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Kittygalore
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July 02, 2021, 07:26:38 AM |
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My way of coping with bear markets is that I will just condition myself into thinking that it's just a temporary thing and that bitcoin has proven already that it can bounce back higher than expected from it's lowest times. So far it's working and I haven't sold a lot yet, and most of the selling that I did are profit.
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so98nn
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July 02, 2021, 07:44:03 AM |
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[...]
When you start experiencing negative growth with your portfolio then that is the time for switching over to your psychological skills from your technical skills. This is the reason, OP is sounding more psychological rather than being technical nor fundamental for effective dealing against bear market. Yeah, the lethargy in the portfolio could be worst hit by the psychological thinking. I mean believing in some coins from the bottom of heart and telling yourself that this is the upcoming bitcoin is kinda absurd. I have seen and read people talking about such grim reality. You have to be more specific with the project, its applications, current and future updates. [...]
Still I will prefer going in diversification way, like rather than only investing, I will go 10% of my networth in active trading and another 10% in mid-term trading and remaining alone for long term holding. Basically I love to trade proactively which means dealing against bear will make me prepared to go stronger with bulls as well. I like it, 80% going into the long term holding means a lot. We can help stabilise the buy and sell through this method and still stake the funds in the live trading with those 10%. Better get a cold storage wallet rather than throwing away the apps and stuff as OP mentioned.
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slaman29
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July 02, 2021, 08:44:36 AM |
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The good trader knows he always has a risk and sometimes that risk means taking a hit. Otherwise you become a holder, and then give up trading.
After bitcoin, I guess most traders have turned as investors rather than encountering those 'hit' time to time. "Only investing" must be a good way to deal with bear markets in my opinion as well. I don't know about that. I think holders have always started with the idea to hold, and then they maybe just try trading only and then get bitten when they lose (take me as an example). Traders themselves are also a really different kind of animal too and I've experienced them before crypto, forex especially. They don't think or like long term:)
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bitcub
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July 02, 2021, 12:09:14 PM |
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If you want to earn in a bear market, you can use the bitcoin futures where you can bet on the downward movement of price as well on price bounce on resistance levels.
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imstillthebest
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July 02, 2021, 06:02:01 PM |
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1.) secure your crypto - we dont need to wait for a bear before we do it but we should do it at the begining . we need to find a wallet or an exchange that is safe and follow the proper guidlines of handling a crypto 3) Uninstall all the crypto price apps - this could be bad but we need this to monitor the market if the bear is over and bulls are back . 5) Block all the haters - i wont block them but i will let them see that im not affected on the bear . this made me hodl stronger 7) Enjoy life - And always remember life is too short. Enjoy it. - life is too short to worry . we should take things easy and not too serious .
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darewaller
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July 02, 2021, 07:28:01 PM |
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3) Uninstall all the crypto price apps - During a bear market the worst thing you can do is regularly check the prices. You can be having the best day of your life and one look at the price will ruin it for you. Uninstall those price alerts and try to avoid checking the price.
I don't think closing your eyes or turning your back towards a speeding train coming in your direction can save you. I mean, you can avoid trouble if you stop checking for prices but as a serious trader, it is better to check the prices and make the best possible action based on that. Someone holding dogecoins in their wallet uninstalling all the price apps and everything is a sitting fool in my opinion. The best thing one can and should do during a bear market is actually analyzing their assets/tokens and ensure they don't have any hype coins because, during bear runs, the tokens that are hit hardest are those which serve no purpose and are only surviving because of their hype.
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doomloop
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July 02, 2021, 09:05:14 PM |
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It is very important to secure your cryptocurrency at times like this and know whether you will be ready to HODL for a long time or just sell it. When the bear market starts, you’re always going to see people who will start making random predictions that prices will go up very huge again, but I don’t believe such news.
I always try to be very careful when the market is like this, and I either decide that I am going to HODL for years or I am going to sell or convert the coins to be able to save value for myself. Because, I know very well that when the market crashes like this it is going to take years before it goes up, although I do know that a miracle can happen at any time.
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jostorres
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July 02, 2021, 09:12:16 PM |
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If you want to earn in a bear market, you can use the bitcoin futures where you can bet on the downward movement of price as well on price bounce on resistance levels.
I think you mean shorting bitcoins which means selling the bitcoins at a higher price by borrowing them from the exchange at the current price and repaying back when the price has dropped further. It's not a bad strategy but usually when the market is down, the expectation is that the market will move upwards. For people who don't know what shorting is and how it works, I will give you a small example. You had let's say $3k USDT in your exchange wallet You borrow 0.1 BTC at the current market price, let's assume the current price is $30k so you got 0.1 BTC and you sold them at current market price. You wait for the market to drop and let it drops to $25k You buy back 0.1 BTC and pay the exchange back 0.1 BTC you borrowed. So basically you sold @30k and paid them back @25k which means you made easy profits but again it's not that simple because the market can go up.
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Questat
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July 02, 2021, 09:25:18 PM |
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If you want to earn in a bear market, you can use the bitcoin futures where you can bet on the downward movement of price as well on price bounce on resistance levels.
That's another good suggestion but still consider the risk and this requires the skills to be able to succeed. For me, I would stick to the old strategy and yet an effective one, and that is by simply accumulating and hold it until the next bull run will come. This is the easiest and it does not require skills to do it successfully, just basic knowledge in choosing the right coin to hold, then everything will be good.
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rhodelmabanal
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July 02, 2021, 09:42:59 PM |
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If you want to earn in a bear market, you can use the bitcoin futures where you can bet on the downward movement of price as well on price bounce on resistance levels.
That's another good suggestion but still consider the risk and this requires the skills to be able to succeed. For me, I would stick to the old strategy and yet an effective one, and that is by simply accumulating and hold it until the next bull run will come. This is the easiest and it does not require skills to do it successfully, just basic knowledge in choosing the right coin to hold, then everything will be good. I agree on that I believe that holding is really a good way to earn a huge amount of profit. But it really require patience to become successful on holding. If we are in bear market we can really buy a lot of coins because we only need a small capital but buying in bear market will never become successful if we cannot hold it till market become bullish again.
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el kaka22
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July 02, 2021, 09:58:51 PM |
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Best way to handle it is by not handling it at all. Just wait for it to pass. If you have bitcoin then just do not sell it, wait, and eventually even if it is 3 years that means you will still profit, and just keep on waiting, if you could buy some more to drop your average that will be even better.
If you are not interested in that then just keep on waiting without buying and that will be good as well. What is the alternative? Just selling it and trying to become some expert trader who will buy low and sell high and make the right trade every single time? If you are not one already then it is very hard for you to become one now. If you do not have bitcoin however, I would advise getting some nowadays, do not put 100% all your money into bitcoin right away, but I would put about 10% just in case, that way you could buy more if it drops more, and sell and make small profit it goes up.
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nowlscor18
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July 02, 2021, 10:41:00 PM |
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If you want to earn in a bear market, you can use the bitcoin futures where you can bet on the downward movement of price as well on price bounce on resistance levels.
A bear market is simply a period in time in which stock market prices are falling. Simple as that. You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets. If you want to earn in a bear market, I suggest you to hold you coins or else try to buy. Its better to have a zero profit or interest this time than not having profit in the future. Remember, investing is only one piece of your financial picture. Wait for the good price in the future instead of taking risk during downfall with a small profit and nothing else happen.
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