5 Bear Market Mistakes to Avoid

[stomachgrowls]

I think in my current situation this topic doesn't suit or maybe ita the best time to post such content I don't know as i am speechless due to this freaking manipulated market crisis. So some teams fucked my dear Bitcoin again haha never mind its not the first time we can do the same with them soon in near future.

If its your first time on this market then you would definitely be freaking out but if you've been here for a while then these conditions wont really be surprise you out and this isnt something the first time where this

market do really make some huge or sharp dump.Instead on freaking out then it would be wise if you do really come after on looking for possible bottom price and make out some cheap purchase of coins now.

We are really on the verge of a market where it is really full of fuds and been affected by certain events or fundamentals on the market we do have today.
Dont ever make some panic selling decision because this would be the dumbest thing to be done by a certain investor.

[Sanitough]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

That's why it becomes "common" because those are something tough to deal with.

If that's how easy to deal with the bear market, then why still make a strategy during that trend?

It's better to absorb that mental-related stuff since that will fuel more of our experience to become used to dealing with a bear trend. Without the experience of being in an actual loss, stress, panic, FOMO, being weak hands, a trader can't be an improved trader in the future.

These five pitfalls are just easy to say to avoid but definitely they’re inevitable once we enter trading and investing. So expect that if you can’t beat and avoid them, you’ll experience a roller coaster ride in the crypto market but i’d say in the end, these things are still worth to experience not only to hone your skills and strategies, but definitely for a better version of you.

[Finestream]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

We can always chose to avoid them if we really want to, but did you realize that those who became successful in the market have also experienced all of these? Maybe it’s more on self-discipline and control that still made them profitable in the end despite of these common pitfalls that we have to deal with. So at least by dealing them, we learned our lessons that put us where we are today.

[cheezcarls]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health


Learn More: https://mycryptoparadise.com/5-common-mistakes-to-avoid-during-a-crypto-bear-market/

Even if we are so experienced already in these bearish situations, we are still vulnerable if market continues to worsen just like what we are experiencing now with the Binance-FTX issue. Worse is if Binance's Changpeng Zhao changes his mind not to acquire FTX to save it.

Since I have been doing DCA since May, all of them are at a loss but I still believe that it can recover without knowing when will it actually happen. I don't believe we have reached the bottom yet, most likely we may go even lower as the storm continues on for FTX users trying to panic withdraw their assets.

[Russlenat]

However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

These are a product of ourselves. A common mental experience for anyone. Is there really a way to avoid it?

Trading without emotions? Are that even possible lol?

Why avoid being in that situation if it can be managed along the way? Traders are human and there's no 100% way to avoid such emotional actions. They key here is to learn from mistakes, try our best to minimize our losses, and always stay focused on achieving our trading goals no matter what.

Exactly. There can be no easy way to skip from them since they are always present no matter what. And since we are just humans, we often experienced what others have experienced too. The only thing that differs is that some managed to get through all of it and eventually succeeded in the end, while others have left mentally and emotionally affected because of their huge losses that made them big losers in the end.

[jossiel]

Even if we are so experienced already in these bearish situations, we are still vulnerable if market continues to worsen just like what we are experiencing now with the Binance-FTX issue. Worse is if Binance's Changpeng Zhao changes his mind not to acquire FTX to save it.

Since I have been doing DCA since May, all of them are at a loss but I still believe that it can recover without knowing when will it actually happen. I don't believe we have reached the bottom yet, most likely we may go even lower as the storm continues on for FTX users trying to panic withdraw their assets.

Everyone can make a mistake unexpectedly and there are just too many factors that can affect us with that. Like this Binance/FTX matter, all it's like it doesn't really matter at all.

But now that it had made the market in total bloodness and madness, this is how we understand that no matter how prepared we are, educated we are and good at following these advises.

No one can really skip when it's the entire market that's being wiped out.

[Questat]

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

For real, crypto trading is somewhat stressful in general. I can see how it ruins our concentration and build health issues. As the more we think about it, the more affects our mindset and focus. In fact, I have had these feelings before and I am really broke but gradually I change and manage to control it as I learn from my mistakes. It is a little bit challenging how to adapt to the situation but we should do it in the seek of not losing our money. There is no instant change as I can see as learning can be done gradually.

[Rengga Jati]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

Losing money is a part of the condition that we must face in the crypto industry because there will be always risks of this. that is why being ready for any losses is a good way to start. For the risks, we can do or best efforts and strategy to avoid the loss to cover the loss.
But, the loss will be worse if we are not able to maintain or manage it, moreover if we are in these conditions:

Panic
Putting in Emotional Efforts
Investing short-term
Overtrading
Mental Health

These will be very bad for someone when investing in cryptocurrency. That is why knowledge and mental management must be managed very well before doing such an investment. This is to avoid being stressful, panicking, and also losing control.

[boyptc]

Panic = FOMO

That's the problem for many traders and investors. It's a bear market that we don't know when it will be on the bottom and when it will be stopped.

Too hard to say when there are too many incidents happening just like the FTX/Binance matter that we're seeing right now.

I did not expect also the Binance-FTX latest news. Binance will further cement their position in this market.
A multi-billion dollar company but decided to sell it to rival business company.

At one point being a trader myself, I can say, I am still guilty of one of the things listed by the OP.
I guess, from time to time, we can still feel those emotions as we travel this journey of being a trader.
It is not always we are confident with our decisions, because factors are changing every time.

Well, we've got some updates that it's no longer going to be bought by Binance. I guess CZ has already given his rich counterparts the cheap market and they're all about to grab it now.

He's done well.

Kidding aside, that's really some news there and everyone would have the idea on what CZ is doing. It's not only for the whales but it's for everyone to grab this sale in the market.

[jaberwock]

Mental health part is the most important part. I gave up trading hardcore long long time ago because of this. It was something that caused me to lose sleep, because when I first started either there were no stop loss in some exchanges, or no techniques to handle sudden movements. I ended up with very little sleep, constantly checking, and never really thinking about anything else.

Basically I was missing life, because while life moved on, only thing I ever cared about was the trading part and I never really lived. I gave that up long time ago and moved to long term investment and not only it's better for my mind, but I also made a lot more profit this way as well.

[ROSERTY]

It is difficult for you to think deeply without going through a complete bull-bear transition. For the market and the industry as a whole, the most important thing is to think about human nature. Just like you have never been hurt by a scumbag, you will never know how to identify a scumbag. .

[rozak]

Mental health part is the most important part. I gave up trading hardcore long long time ago because of this. It was something that caused me to lose sleep, because when I first started either there were no stop loss in some exchanges, or no techniques to handle sudden movements. I ended up with very little sleep, constantly checking, and never really thinking about anything else.

Basically I was missing life, because while life moved on, only thing I ever cared about was the trading part and I never really lived. I gave that up long time ago and moved to long term investment and not only it's better for my mind, but I also made a lot more profit this way as well.

I've also been more likely to invest long-term rather than focus on trading. Rapidly changing market conditions and rapidly changing values of our assets leave me sleep-deprived and quite depressed with the trades being made.
I still trade several times, and of course, stop loss is the best alternative to deal with big losses. I used to often experience losses because I ignored the stop loss. now I invest more in long-term assets. which of course is boring for some people.

[maydna]

If you invest in crypto and choose bitcoin, you are not said to have lost money if you have not sold your bitcoin at a time when the price drops like now. And if you hold on to it when the price is down, and you can even buy more bitcoins when it's down, you'll see the profit coming when the price starts to increase. And that's when you can sell your bitcoins and take big profits. So in investing in bitcoin, you better do it for the long term. At least, you can hold it until the price can increase so that the profit you get will also be big.

Everything comes down to holding even in bad times, if there's a possibility adding more is always a good move, especially in a bear period when most of the prices are down. Sticking with the top coins is always advisable, Bitcoin, Ethereum, BNB, and some other coins will not disappoint in the long, they never did. A bear market is testing our patience and will, but instead of overthinking it (that most likely will lead to some mistake) simply holding and focusing on how to get more coins is the best strategy in these times.

It's true what you said. This bear market really tests the patience of all of us, so we should try to use this bear market for our good. And if we can see an opportunity to add more, we should do so but don't immediately buy in bulk because the chance for the price to drop is still there. So you better buy gradually so that if the price drops again, you still have money to buy it again. And buying the top coins will allow you to earn bigger profits, while the other coins may not go any higher.

[Hamphser]

If you invest in crypto and choose bitcoin, you are not said to have lost money if you have not sold your bitcoin at a time when the price drops like now. And if you hold on to it when the price is down, and you can even buy more bitcoins when it's down, you'll see the profit coming when the price starts to increase. And that's when you can sell your bitcoins and take big profits. So in investing in bitcoin, you better do it for the long term. At least, you can hold it until the price can increase so that the profit you get will also be big.

Everything comes down to holding even in bad times, if there's a possibility adding more is always a good move, especially in a bear period when most of the prices are down. Sticking with the top coins is always advisable, Bitcoin, Ethereum, BNB, and some other coins will not disappoint in the long, they never did. A bear market is testing our patience and will, but instead of overthinking it (that most likely will lead to some mistake) simply holding and focusing on how to get more coins is the best strategy in these times.

It's true what you said. This bear market really tests the patience of all of us, so we should try to use this bear market for our good. And if we can see an opportunity to add more, we should do so but don't immediately buy in bulk because the chance for the price to drop is still there. So you better buy gradually so that if the price drops again, you still have money to buy it again. And buying the top coins will allow you to earn bigger profits, while the other coins may not go any higher.

When you have decided on dealing up with this market then you should make yourself that prepared when it comes to these kind of situation or condition of the market which is something that unpredictable.

Expect bears and expect bulls but this isnt something that could happen on what you do wanted.Everything is random and its better to make yourself get prepared on whatever things would be faced on.
Never make yourself get greedy and also never make yourself expecting too much on something which cant really be happening instantly.

Emotions could really make out huge effect and this is why its really that better to make yourself that experiencing and able to adapt these things because if you dont make yourself
that adaptive then you would definitely be experiencing hardship on making yourself bare out this market.You should avoid on the things which you do seem that it cant really be that
helpful in towards your crypto trading career or investment.

[Kelvinid]

Mental health part is the most important part. I gave up trading hardcore long long time ago because of this. It was something that caused me to lose sleep, because when I first started either there were no stop loss in some exchanges, or no techniques to handle sudden movements. I ended up with very little sleep, constantly checking, and never really thinking about anything else.

Basically I was missing life, because while life moved on, only thing I ever cared about was the trading part and I never really lived. I gave that up long time ago and moved to long term investment and not only it's better for my mind, but I also made a lot more profit this way as well.

I've also been more likely to invest long-term rather than focus on trading. Rapidly changing market conditions and rapidly changing values of our assets leave me sleep-deprived and quite depressed with the trades being made.
I still trade several times, and of course, stop loss is the best alternative to deal with big losses. I used to often experience losses because I ignored the stop loss. now I invest more in long-term assets. which of course is boring for some people.

Perhaps, it was a good idea to just hold at this time rather than trading unless we have been doing this for a very long time. But if we are just about to start, that really be a difficult time to adjust and huge chances of losing. Buy and hold, that only the safest thing to do at this current situation, we have to stop thinking about earning every day and rather keep in mind to be safe instead.

Using stop loss strategy? You are still losing at this, unlike if you just hold and wait for the right to sell, that was surely a profit gain and low risk.

[maydna]

~snip~

When you have decided on dealing up with this market then you should make yourself that prepared when it comes to these kind of situation or condition of the market which is something that unpredictable.

Expect bears and expect bulls but this isnt something that could happen on what you do wanted.Everything is random and its better to make yourself get prepared on whatever things would be faced on.
Never make yourself get greedy and also never make yourself expecting too much on something which cant really be happening instantly.

Emotions could really make out huge effect and this is why its really that better to make yourself that experiencing and able to adapt these things because if you dont make yourself
that adaptive then you would definitely be experiencing hardship on making yourself bare out this market.You should avoid on the things which you do seem that it cant really be that
helpful in towards your crypto trading career or investment.

Avoid greed when the bull market comes and take your profits before the time leaves you because many of us are late to take our profit because we expect more profits. They can't do that, especially if the price can go up high immediately because the price will not always keep going up. This requires self-control, not being greedy and taking advantage at the right time to get that advantage.

And in a bear market like today, you have to be able to use it for yourself by buying potential coins or you can just sit back and miss the opportunity. But do not feel bad if the market has started to move because it means you will be too late to take profits.

[awik p]

~snip~

When you have decided on dealing up with this market then you should make yourself that prepared when it comes to these kind of situation or condition of the market which is something that unpredictable.

Expect bears and expect bulls but this isnt something that could happen on what you do wanted.Everything is random and its better to make yourself get prepared on whatever things would be faced on.
Never make yourself get greedy and also never make yourself expecting too much on something which cant really be happening instantly.

Emotions could really make out huge effect and this is why its really that better to make yourself that experiencing and able to adapt these things because if you dont make yourself
that adaptive then you would definitely be experiencing hardship on making yourself bare out this market.You should avoid on the things which you do seem that it cant really be that
helpful in towards your crypto trading career or investment.

Avoid greed when the bull market comes and take your profits before the time leaves you because many of us are late to take our profit because we expect more profits. They can't do that, especially if the price can go up high immediately because the price will not always keep going up. This requires self-control, not being greedy and taking advantage at the right time to get that advantage.

And in a bear market like today, you have to be able to use it for yourself by buying potential coins or you can just sit back and miss the opportunity. But do not feel bad if the market has started to move because it means you will be too late to take profits.

therefore we must have a target to take profit. many of us when the bull market takes place full of confidence the market will continue to rise. That greed will lead us to disappointment for missing the opportunity that has come. if the target has been met and we take profit then we just have to wait for the market reaction, if the market continues to rise, then let it be because many of us also regret selling it, actually no one knows the direction of the next movement

[YOSHIE]

Losing money on investing is a frightening proposition. However, you can protect your money and reduce stress in a falling market by avoiding five common pitfalls made by crypto investors.

We all know trading & investing is always detected with risk, as far as I know the crypto market goes up & down the process happens, we often see it happen suddenly, of course we have some steps and attitudes so as not to be in a hurry and continue to be reactive to calm down and not make mistakes like you said in the five factors.

For this reason, in order to avoid the five factors you mentioned, especially about the occurrence of a bear market, crypto users are strongly advised to observe some fundamental analysis in a certain scale form to avoid panic, Overtrading and so on as you mentioned, it's all been considered for crypto users in general.

[Hypnosis00]

...

Everyone can make a mistake unexpectedly and there are just too many factors that can affect us with that. Like this Binance/FTX matter, all it's like it doesn't really matter at all.

But now that it had made the market in total bloodness and madness, this is how we understand that no matter how prepared we are, educated we are and good at following these advises.

No one can really skip when it's the entire market that's being wiped out.

Unexpected - perhaps nobody wants it but is some reason we slip into such things. Yes, we need education as this will help to fully understand the behavior of the market but before we got to the point of having all, experiencing losses can't be avoided.
In this bear season, it is very certain to hear people talking negatively about the market. I do understand their stance as they listen to their emotions but once it has been controlled and keep a positive mindset, things will surely change.

Adoption and preparation are things we need to do in order to keep our portfolio safe.

[Adbitco]

Basically correct, you know before when talking of investment or trading what comes into my mind always is the risking factors and the next is are you willing to bear the risk or not, and as a trader having a positive mindsets is alway a thing to look into otherwise losing is inevitable. Before making a decision to start the investment journey or even involving in trading is to gain the basic understand which includes the fundamentals which is among those you have just outlined.