5 Bear Market Mistakes to Avoid

[wiss19]

Another big one is not having any system. If you do not have anything ready for these periods, then you will run around like a moron, but if you are ready for it and already done something then you should be fine. I personally believe that the best thing to do would be making sure that you profit as much as you can from whatever you can, and in order to do that you should have a written plan.

My plan is always the same, find as much income as possible, and put it on bitcoin as frequently as possible during this period, no matter how low it gets, I keep buying more and more because I have the utmost trust on bitcoin that it will grow bigger again, so the more I have the better.

[Insanity]

So many good replies here but I would like to endorse the best tip here. The hold is gold dear never panic in the sudden dumps as sometimes small manipulations dishearten you and lead to a major loss. Try to be updated, yes in terms of the news but never get trapped in the fuds. That's all I can say I know a maximum of us are advising the same but the fact is this is the only thing you can do.

If you can hold for some time, you can be very profitable. If you hold for some time, you have to bear a lot of losses, so it is always better to hold after understanding everything, and if you hold without understanding anything, then you will face many problems.  Be very careful.

[Sebas.tian]

Those things you just mentioned here OP are very common among crypto traders and investors, which is not helping them to improve in profits making because they failed to avoid them completely in the community. Mental health can make you not to concentrate well in your long term trading or short term trading to know when to buy and hold or when to sell in the market because bad season will change to good season in your eyes, and good season will change to bad season in your eyes. Panic has pushed many traders and investors to experience losses in this bearish season, because they are tired of holding based on what people told them that cryptocurrency will soon die without carry out their personal research.

[lienfaye]

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.

Well, we can't expect the result to go as planned because that's not how it work usually. So before you decided to become a trader, it is necessary to know the possible consequences if ever the market turned bearish. Fill your mind with knowledge so that you will not be surprise if ever worse case happened.

Thus, manage your expectation, always control yourself and set aside your emotions. It's common to feel afraid at times but learn to overcome it if you want to be a huge gainer.

[oprahwindfury]

The main rule you should adhere to in a bear market is to avoid making rash sales. You won't lose anything if you don't sell, and you should be clever enough to stockpile while coin prices are still low on the market. I suppose that occasionally, even as traders, we might still have such feelings.
We don't always feel secure in our choices because circumstances are always shifting.

[wiss19]

Sometimes a mixture of all these mistakes you mentioned can be good actually.

1. Panic -  If you don't panic at all you may end up holding a shit coin for too long.
2. Putting in Emotional Efforts - If you have a feeling an unknown coin is going to blow up big time, you have to take the risk.
3. Investing short-term - Why not?? I mean if you see profits and potential downfall, just cash out at the right time!
4. Overtrading - Agree with this point actually. You don't need to trade all day.
5. Mental Health - I feel like it's more appropriate to say wealth management since you won't have mental issues if you are trading with limited funds and know how to manage it.

[usekevin]

Bear market is the essential as like the bull market,it is Essential  use both the market to gain bulk of profit from it.Only during the bear market we can buy the low price for the potential altcoin and tokens.So when the market response should be used wisely for the profit.The most important things to avoid is selling due to the panic selling during the the bear market.

[LUCKMCFLY]

Price behaviour on crypto is very unpredictable and no person nor bot can catch up on that price data to open an accurate position. Futures trading is purely a gambling with an extra difficulty from exchange that liquidates open position at random basis. Even with a good risk management will not stand on a manipulative market. I stop futures long time ago and just focus on spot trading and sometimes margin trading with lower lev.

Since people already know this then why do traders think they can some how predict the price correctly and beat the system? Or like some member said above, continous practice will eventually make a trader perfect in the field when it is clearly untrue. If bot or nobody can catch up the price correctly then no strategy applied can completely zero the chances of losing money.

Future trading is high risk high reward kind of trade (if you are lucky) because the exchange will always have the upper hand since it was designed that way. You can manage your risk by not being greedy.

Well, 95% will always be a real number, to be honest it is very difficult to be profitable in trading, profits are something that is always pursued, but I think that not everyone understands that things in trading if they were seen as a business would bear more fruit, they were not something so out of the ordinary and that it was not seen as a way to make quick money and be millionaires, everyone who arrives thinking that (which is the majority) is doing poorly, the best thing is to have profits , small but always, I think that in some way if the people who trade are satisfied with making small gains, and I think that's where things start to be good, and stop being part of that 95%.

[GreatArkansas]

(....)

If you can hold for some time, you can be very profitable. If you hold for some time, you have to bear a lot of losses, so it is always better to hold after understanding everything, and if you hold without understanding anything, then you will face many problems.  Be very careful.

It also depends on what cryptocurrency you hold, remember that most of the altcoins there are shitcoins or scams or useless. This is already proven all over time, Bitcoin and Ethereum proved it already over time.
Your holding time will become worthless if you hold the wrong coins so it is always better to research before deciding to hold for the long term because it's not the time you lose here, you may lose your hard-earned money too.

[len01]

The main rule you should adhere to in a bear market is to avoid making rash sales. You won't lose anything if you don't sell, and you should be clever enough to stockpile while coin prices are still low on the market. I suppose that occasionally, even as traders, we might still have such feelings.
We don't always feel secure in our choices because circumstances are always shifting.

That is why it is highly recommended to choose old coins that have a good reputation and have a good track record from the past.
if we hold a good coin, of course, in a situation like this, we won't rush to sell it. because we know that the coins we hold will have a high value if we are willing to be patient waiting for the bullish season to arrive.

and on the other hand the reason for holding a reputable coin is that we will feel more comfortable and secure when holding it for the long term without worrying if something happens in the future.

[QueenVera]

Bear market is the essential as like the bull market,it is Essential  use both the market to gain bulk of profit from it.Only during the bear market we can buy the low price for the potential altcoin and tokens.So when the market response should be used wisely for the profit.The most important things to avoid is selling due to the panic selling during the the bear market.

This selling pressure can be avoided by staying away from the market, most people that panic sell is because they have been influence by the fud the market is spreading so they become scared and what to get rid of their investment before the market takes more dip.

Sometimes they become lucky and get some fiat to reenter the market when the fud are over but other times they become so unlucky as the coins don't fall further or they misses out on the opportunity to reenter the market either because they were still expecting further dip or they chicken out.

With bear market we shouldn't be too interested in the price of our investment projects, if you believe to have Invested in the best projects like Bitcoin, Ethereum etc then just relax for the bear market to be over and recheck your portfolio during the bull market or you'll be disappointed always when you check during bear market.

[harapan]

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/

One of the best ways you can protect your money is to take them off online accounts and also exchnages

During bears a lot of opportunities are seen as it is the best time to buy rather than panic selling.

These periods test how much patience this so called investors have to see how much of a serious longer term holders they can be.

Protecting once mental health matters alot especially watching your portfolio dismissing gradually before your eyes, you should have known the unstableness cryptocurrency has before delving in.

[Vaculin]

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.

Well, we can't expect the result to go as planned because that's not how it work usually. So before you decided to become a trader, it is necessary to know the possible consequences if ever the market turned bearish. Fill your mind with knowledge so that you will not be surprise if ever worse case happened.

Thus, manage your expectation, always control yourself and set aside your emotions. It's common to feel afraid at times but learn to overcome it if you want to be a huge gainer.

Position your mindset and be open for all outcomes as we can’t completely predict what will be the result of our action. Thus, expectations vs reality will really matter the most. If you know how to deal with this, you won’t fall deeply in times of market crashes. You will continue to survive despite of your losses, and with experience that you gained, success will still likely to be obtained in the end. That’s why having a positive spirit is already a success for us.

[Captain Corporate]

Another one that I always forget; keep it tracked as much as possible. I have failed to keep a track for a while on everything I do, and then suddenly I saw some unexpected numbers, and realized that I have no idea why I had some stuff, turns out if you do not track every move then you are going to forget some things that happened like a week ago or two weeks ago and that will result with you losing money. Only possible good thing come out of this could be me forgetting something and then the price skyrockets during bull run and I get like x50 return without even realizing and finding out, but during bear market its not like that.

[BitDane]

OP forgot to list random investing in a crashing cryptocurrency.  We should do our research every time we intend to invest to something.  We should check and research the fundamental of the target cryptocurrency and verify its foundation if it can withstand the test of time.  If we are to invest in a long term we must know that it has a solid foundation because if it has no solid foundation then our money that we invest will be wasted or gone.

[Pamadar]

OP forgot to list random investing in a crashing cryptocurrency.  We should do our research every time we intend to invest to something.  We should check and research the fundamental of the target cryptocurrency and verify its foundation if it can withstand the test of time.  If we are to invest in a long term we must know that it has a solid foundation because if it has no solid foundation then our money that we invest will be wasted or gone.

Knowing how solid is the foundation is very important if you are aiming for long-term investment,
project that have good usages will survive in a volatile market like crypto.

As long as there are users who will continue to support and follow the project, the chance of gaining
good value will take place. The very reason you should always do your deep research before making
your decision to invest in your chosen project/s.

[ajanwalker]

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/

One of the best ways you can protect your money is to take them off online accounts and also exchnages

During bears a lot of opportunities are seen as it is the best time to buy rather than panic selling.

These periods test how much patience this so called investors have to see how much of a serious longer term holders they can be.

Protecting once mental health matters alot especially watching your portfolio dismissing gradually before your eyes, you should have known the unstableness cryptocurrency has before delving in.

It does not end with withdrawing coins to the cold wallet. It is necessary to follow the team of the coins you have withdrawn to the cold wallet. Mng token also happened to me. I sent the MNG tokens to the Trust wallet so that they do not stay on the Mexc exchange. One day I got bored and sent the MNGs to the Mexc exchange so I could sell the MNGs and get another token. Since the contract address has changed, my MNGs have not been transferred to my exchange account. I talked to the exchange officials and they said they will return the MNG tokens to you for $42. Nor did I agree to pay $42 for MNG tokens, which were already at the garbage level. Unfortunately, there is such a problem with receiving coins in a cold wallet.

[Cling18]

OP forgot to list random investing in a crashing cryptocurrency.  We should do our research every time we intend to invest to something.  We should check and research the fundamental of the target cryptocurrency and verify its foundation if it can withstand the test of time.  If we are to invest in a long term we must know that it has a solid foundation because if it has no solid foundation then our money that we invest will be wasted or gone.

Knowing how solid is the foundation is very important if you are aiming for long-term investment,
project that have good usages will survive in a volatile market like crypto.

As long as there are users who will continue to support and follow the project, the chance of gaining
good value will take place. The very reason you should always do your deep research before making
your decision to invest in your chosen project/s.

The bearish season is the perfect time to invest but we should also know the right coin to invest with. We should be smart in choosing a potential and active coin so we'll never fill our baskets with trash coins. Doing our own research is always necessary so we will have a complete idea of what to buy. As for me, top coins that have been in different market cycles are the best option in case we're having doubts about new projects.

[carlfebz2]

OP forgot to list random investing in a crashing cryptocurrency.  We should do our research every time we intend to invest to something.  We should check and research the fundamental of the target cryptocurrency and verify its foundation if it can withstand the test of time.  If we are to invest in a long term we must know that it has a solid foundation because if it has no solid foundation then our money that we invest will be wasted or gone.

Knowing how solid is the foundation is very important if you are aiming for long-term investment,
project that have good usages will survive in a volatile market like crypto.

As long as there are users who will continue to support and follow the project, the chance of gaining
good value will take place. The very reason you should always do your deep research before making
your decision to invest in your chosen project/s.

The bearish season is the perfect time to invest but we should also know the right coin to invest with. We should be smart in choosing a potential and active coin so we'll never fill our baskets with trash coins. Doing our own research is always necessary so we will have a complete idea of what to buy. As for me, top coins that have been in different market cycles are the best option in case we're having doubts about new projects.

When you do have the money then it would be ideal on sticking on buying coils which is on top rank and if i do have that capability then i would definitely do the same thing.Its really be that a wise move if you
are really that buying or accumulating coins on a bear market.You cant just make yourself doing such step when its already bull run.If thats the case then it is really just
depending on your choice and preference on which projects you would really be tending to accumulate.It would be wise if you do get in while its still cheap rather
making some purchase when the price is already soaring up.If you do want to maximize then it is really just that depending on you on when you would be getting in.

[Pamadar]

OP forgot to list random investing in a crashing cryptocurrency.  We should do our research every time we intend to invest to something.  We should check and research the fundamental of the target cryptocurrency and verify its foundation if it can withstand the test of time.  If we are to invest in a long term we must know that it has a solid foundation because if it has no solid foundation then our money that we invest will be wasted or gone.

Knowing how solid is the foundation is very important if you are aiming for long-term investment,
project that have good usages will survive in a volatile market like crypto.

As long as there are users who will continue to support and follow the project, the chance of gaining
good value will take place. The very reason you should always do your deep research before making
your decision to invest in your chosen project/s.

The bearish season is the perfect time to invest but we should also know the right coin to invest with. We should be smart in choosing a potential and active coin so we'll never fill our baskets with trash coins. Doing our own research is always necessary so we will have a complete idea of what to buy. As for me, top coins that have been in different market cycles are the best option in case we're having doubts about new projects.

You need to sort things out, then decide before taking your step. There are many available projects to choose, but before deciding
make sure that you really do your assessment and analysis.

I like the idea of top coins that have been in the different market cycles, as the projects already experienced
the situation before and manage to bounce back and bring decent benefits, risking can be favorable if you
have that patience to wait and hold.