If people think like you, I am sure they will be happy to see the bear market coming because they have already prepared some funds to buy huge amounts of many coins. They are not ready to see the bear market while they do not sell their coins at a high profit. People tend to hold their profit while the coin price can soar two times or even ten times from the price they bought so they miss selling at the highest price.
That makes them afraid to see the bear coming after that because they are not yet selling their coins and making a profit. Maybe we need to change our trading so whenever the price can increase several times than before, we can take profit and stay calm waiting for the price to be down.
Most people don't like it when a bear market comes, because their assets are depreciating in value. Then because most people also have limited capital,
so when it's too late to sell the coins they have when the price is high. Then they can only hold the coins they have, until the price goes up again,
because they don't have money anymore if they want to buy more coins at low prices. If this is the problem, there are only two solutions to deal with it,
the first as you have described, sell the coins that we have when it is profitable. Then the second solution, we can just keep holding the coins we have
until the price recovers, and we can keep ourselves busy with other positive activities, so that we don't get too stressed about the bear market. Please
choose the solution that we think is comfortable to follow, because not everyone has to have the same strategy when investing in crypto.
Imagine if they are not too late to sell the coins, they will not have a problem with the bear market instead will wait with happiness because that means they can buy many coins at a low price. If they can make a profit at the right time, they will get more funds in their wallet that they can use for many things. But yes, most people are greedy and delay selling their coins so that makes them regret it. As long as we know what we should do, we will have a chance to use any moment in the market. Hopefully, we can still survive in any conditions and situation.
You and several others who are experienced in the crypto world will find it easier to control greed and be able to sell Bitcoin at the right time.
Then when Bitcoin is corrected like now, you can buy Bitcoin at a low price, and hold Bitcoin until the price goes up again. This means that for
people who have knowledge and experience it is not too difficult to make a profit from Bitcoin.
But for the newbie who doesn't understand how Bitcoin works, often make decisions based on the opinions of others or even obsessed with
big profits. So newbies are often late in selling their Bitcoins and when the Bitcoin price is correcting like now, they will panic and do a cutloss.
This is the importance of knowledge and preparation before deciding to invest in Bitcoin, so we can avoid making wrong decisions. We should not
be too hasty in investing in Bitcoin if we still don't understand how Bitcoin works, and if we start investing, we also get used to using small capital,
so when we experience a loss, we can consider the money as a learning fee.
Poll
