What's your next step if you experience a Great BEAR MARKET ?

[OjAbram]

Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.

Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

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[alastantiger]

What's your next step as a first timer in Bitcoin /Altcoin trading?

When Bitcoin experiences a price drop altcoins also experience bear market too. It would not be wise to buy an altcoins in a Bitcoin bear market. As a newbie, I'll hold my coins and worker harder to get more funds to in invest in Bitcoin weekly.
There was a time last year when Bitcoin was at $15k if you had compared it to now that the price has quadrupled, you would think that there wasn't any hope of recovery especially if you had allowed the news feed you fear. With Bitcoin there is also 100% possiblity of price increase. No matter how low it gets.

[michellee]

I will still invest in Bitcoin if the bear market comes again even if the bear market deepens. That won't stop me from investing my money into Bitcoin. I have felt the benefits of investing in Bitcoin.

When the market is bearish again, it is a great time to return to investing. The price will fall deeply and will probably stay there. It's okay if my capital and half of my investments suffer losses, but it's only temporary. There will come a time when the price will increase again.

This bear market is only temporary. Everything will improve again. We must be able to determine what we want to do. If you want to invest your money in Bitcoin, you must determine your steps.

[Outhue]

I will still buy Bitcoin if a sudden bear market starts.

What many beginners fail to understand about Bitcoin is that you don't lose your money until you sell your Bitcoin for a loss.

Before investing, make sure you think about the money you want to use for investment, it's not the money you plan to use in a month, this is why it's called investment.

The best money for buying Bitcoin is the money from your salary, I mean some percentage of the money, thats why DCSA is the best strategy, nothing works best than buying a portion of Bitcoin every week or every month and keep doing this for a long period.

[Sim_card]

What you should know is that 1btc= 1btc.
If you bought some units of bitcoin, and after your entry point, the price of bitcoin dips. It does not mean that the amount of bitcoin in your wallet has reduced, it is only the price that dropped. So if you are at loss based on what you think, don't worry but use it opportunity to buy more Bitcoin with discount and hodli, because the price must recover, and even pump higher than the amount that you bought it. This is why you don't need to use the money made for important needs to invest in bitcoin, but your spare cash, because when you hodli bitcoin for long, you will make profit. However, if you panic that the price has dump as you sell your bitcoin, you will run at lost. Don't buy bitcoin due to FOMO, and bitcoin is not a get rich quick scheme.  This is because the price of bitcoin increases with time-line. I see every bear market as an opportunity for me to accumulate bitcoin. I am not a trader but a bitcoin hodler, if a need beginner bought bitcoin because he wants to go into trading, it is a wrong orientation because you must run at loss.

[Dunamisx]

What's your next step as a first timer in Bitcoin /Altcoin trading?

Hold when you have invested in bitcoin and sell if you're holding on alts, if you're a trader, then you need to understand the market strategies of when to sell or buy and hold, because some bear can comes in as quick as possible and the market rises immediately while some may go more dip and remain on the bearish trend, irrespective of the kind of investment we are doing, we should always take the precaution measures on how we can afford to bear and withstand the market condition we are into.

[Husires]

We are now halfway through and the long-term price of Bitcoin is around $70,000. you need more time and learning about investing, or make your investment short-term so that you sell it in june-july next year.
It is not the ideal time to buy altcoin. Invest mainly in Bitcoin and leave a small percentage to invest in altcoin so that you trade instead of investing.

During BEAR MARKET, investments are limited to altcoins and long-term investments to Bitcoin.

[Nheer]

Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.

Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

When experiencing loss the idea is to keep accumulating more at every dip and never panic to sell, stay strong and keep HODLing because the drop in price is temporary.

Every first timer will definitely panic and would want to sell as they are experiencing loss but the best thing is to keep to your plan regardless of the loss experienced on the way, if your initial plan was to hold for a long time then I don’t think you have anything to worry about because bitcoin is a coin with so much potential and no matter how low the price goes it will definitely rise back up so I don’t think there is nothing to be scared about. During the bear market is the perfect time to acquire more bitcoin to prepare against the upcoming bull run so at times like that when you are experiencing a loss my advice for you is to keep accumulating more bitcoins and stick to your plan and hodl for as long as you can because after a bear market there will be a bull market where everyone recovers their losses.

[SquirrelJulietGarden]

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

There are two questions, one for Bitcoin and another one for Altcoin.

Your question is confusing too, trading and investing (holding) are different. If you are a trader, you must know you are not planning to hold and you must be disciplined to exit the market.

Holding is for investing, not for trading.

Bitcoin is a strongest cryptocurrency so after a bear market, it won't die and it will be a first cryptocurrency to recover from a market bottom.

Altcoins are not as strong as Bitcoin and they can die in a bear market. Even Bitcoin triggers a bull market, many altcoins can not recover to their past all time highs.

Risk with trading and investing in altcoins are bigger with trading and investing in Bitcoin.

[cryptoaddictchie]

Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.

Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

Maybe converted into stablecoin first when you see the peek of a bull season. Then wait for the coins to settled again thats how my plan to do on next bear market. Then focus on grinding some new projects or airdrops while waiting again for another bull season. Im not a pro trader so wouldnt bet my money on that.

[knowngunman]

What's your next step as a first timer in Bitcoin /Altcoin trading?

I don't know if I am the only one who is confused here. You talk about holding for a long time and now you mention trading again. For clarity sake, Holdling and trading are two separate and different things. As a first timer investor or trader, you must be panic surely but it's important for you to understand the nature of market and it how it works. From the time of investment you should prepare yourself for such cases at one point and how to remain steadfast in your investment. Your investment can only reduce in amount valued but not in quantity which means you are still on track whenever the market bounce back. If you are always looking for a sign to recover, you are not ready for long time investment. Long time investment is characterized by patience and endurance of whatever market situation until your target is reached. As for trading, stay far away from it as a first timer in this space.

[Alpha Marine]

It's bitcoin, it'll definitely go back up, so instead of selling at a loss, I'll leave my Bitcoin because I know it will rise again no matter how long it takes. I know it's easier said than done, but it's not the first time bitcoin has dipped after I made an investment and I've been with bitcoin long enough to know it always recovers.

If I had money at the time, money not set out for anything, I think I'd most likely buy Bitcoin at a cheaper price too. That's an opportunity for me to buy Bitcoin at a cheap price and an opportunity to make more profit when it pumps.
The dipping of bitcoin price is always an opportunity for someone, that person can as well be me since my investment is deprecating too.

By the way, I think this topic should be in Bitcoin discussion.

[Hatchy]

When Bitcoin experiences a price drop altcoins also experience bear market too. It would not be wise to buy an altcoins in a Bitcoin bear market. As a newbie, I'll hold my coins and worker harder to get more funds to in invest in Bitcoin weekly.

Nope that's a very bad idea. Yes Bitcoin most times influences the price of other crypto or altcoins in the market (they seems to be altered by the speculation of Bitcoins bull) but yet, not all the time will they rise again even when Bitcoins price had recovered from a recent bear. Asking someone to get altcoins when there a bear is like telling him to invest in a no future investment and there's no guarantee they will also recover. Bull or bear, the best investment is Bitcoin and it still stands. If you are a long term holder and a true believer of Bitcoin, the you won't have issues holding for longer periods of bear.
Bear season is even the best time to purchase Bitcoin as you are vet sure that it's price will recover after some periods of time. Don't be fooled by volatile movement of Bitcoins price or speculation of altcoins in then market.

[Maslate]

Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.

Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

Note that you will only lose if you decide to sell your coins, but if you continue to hold it until its price recovers and skyrocket, I think you will never end up losing. The best thing you can do is accumulate more coins while the market is bearish so you can maximize your bitcoin portfolio and only sell them when the market turns bullish. However, on part of altcoins, it’s risky to invest on them so always chose to invest in highly potential altcoins and only limit your investments with them as you can’t be sure if their value will certainly recover or stuck in there.

[Ndabagi01]

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

When I encounter something like this in my investment, I will seek advice from professionals on what to do next, but because I am not a beginner, the best thing to do is to buy more (which is DCAing), as the strategy has proven to be very helpful and effective in achieving maximum accumulation while also generating enough profit when the market goes in your favour.

One thing you should know about bitcoin is that after every dump, a bull always follows. It may take a long time, but if you are patient, you will get what you want from your investment at the right time. Patient is key here, and if you instill that virtue in yourself, you will not have a problem with the bear market, but will instead see it as an opportunity to buy more bitcoin rather than panicking to sell.

[Hyphen(-)]

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

As a newbie, the first step is to learn and comprehend the market; if you understand the market, you will be able to navigate it if you chose to trade Altcoins.
If you want to invest in Bitcoin, all you have to do is learn how to be patient and buy more during the bear market so that you can gain when the bull market returns. When you lose capital, you should not panic and sell; doing so will result in no gain. In circumstances like this, you simply have to be patient and purchase more utilizing the DCA approach.

[EL MOHA]

Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.

Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

One thing I will say is before the bear market happens it is most certain that a bullish market will have precede it. I have set a target first at bull market period and if my profit target triggers I will be taking some profits and what I intend to do is to invest it into another business to help increase my income streams. After this I will surely have a place where more funds come in.

Then when the bearish period sets in there is only one logical thing to do and is to start accumulating more bitcoin. I will use the strategy that has stood for me and that’s DCA and invest my incomes into it until the next bull Period

[Truthlovecoins]

I have come to understand that the bullish or bearish seasons is as a result of supply or demand. while the bearish season assures more coin in supply than demanded by investors, the bullish season is a time when the demand for the coin is higher than what is in supply.

For now so far this year we have been witness to more bullish trends than bearish. I suppose it is because of the ETF approval and the much hype about the halving that will happen sooner than later.

I would like to think that If I were a trader during a great bear market, the short- selling  position is the strategy I would employ.
This is done by speculating on the falling market prices. If my prediction clicks, then I have made a profit, else it's a loss should the price move against my speculation. More like predicting the outcome of a soccer event.

[Stepstowealth]

What's your next step as a first timer in Bitcoin /Altcoin trading?

Bitcoin can never get to zero, so there is nothing to fear. As a new investor, if you cannot encourage yourself to be patient because you are new to the market experience, try to reach out to other older investors, who have experienced similar situations before from the market on their investment. Their own experience when shared with you will encourage you to keep your bitcoins and not stop investing what you can afford to spare for the risk of investment.

[freedomgo]

Currently Bitcoin is expected to have a bull run and halving in coming time as we all know it.

Now if you were to make an investment of $100 as a beginner regardless of your country and as it stands Bitcoin is experiencing a bear market (an example) after you made 5% capital.

Initially you want to hold for a very long time but as a result of the bear market you loose your capital and half your investment yet the market is showing no sign for you to recover.
What's your next step as a first timer in Bitcoin /Altcoin trading?

Bitcoin will not go into deep bearish forever so you have to look the brighter side instead. Patience is a virtue and in such investments where volatility is its nature, then you have to be more patient as your investment requires it. Don’t sell but rather invest more. You don’t have to fear if price decrease, that’s part of price fluctuations, but rather see it as an opportunity to invest more so you can gain massive profits when you decide to sell when the market is bullish.