The Psychology of Holding Bitcoin Through Bear Markets

[Bitcoin_people]

The bear market is a very critical time, at that time it becomes very challenging for every investor to survive in the market, especially for those who are new. We know that it is easy to maintain your investment in a bull market, but it is very difficult to maintain that investment in a bear market, so we have to be patient enough. Basically, when the investors' time of despair and doubt comes when the bear market starts, if they can get through that time a little, then there is no danger for them. In a bear market, most investors can control their emotions and because of their low patience, they sell their bitcoins at a loss. In history, we have seen that in every bear market, those investors who were able to control their mental stress and behaved patiently were rewarded.

[Die_empty]

The bear market is a very critical time, at that time it becomes very challenging for every investor to survive in the market, especially for those who are new. We know that it is easy to maintain your investment in a bull market, but it is very difficult to maintain that investment in a bear market, so we have to be patient enough. Basically, when the investors' time of despair and doubt comes when the bear market starts, if they can get through that time a little, then there is no danger for them. In a bear market, most investors can control their emotions and because of their low patience, they sell their bitcoins at a loss. In history, we have seen that in every bear market, those investors who were able to control their mental stress and behaved patiently were rewarded.

The Bitcoin cycle is perfect. The bear season is an opportunity to buy more coins. While investors can decide to sell when the price recovers during the bull market. It is understandable when a newbie is anxious when the Bitcoin price drops. As a new investor, it was common for me to always follow price movements. But I find it unacceptable when those who have spent time in the Bitcoin space or learned about the industry come up with discussions about price drops. Just keep DCAing and overlook what is happening on social media because it is the channel of FUD.

[Oshio-man]

I agree with you that is about our mindset or our heart desires op, if not because of our heart desir or mindset, I don't think holders would have been releasing their coins when they know it will not going to bring out huge amount of income, but for them to get themselves involved in holding, show that they have the ideal of the holding and they are ready to use what they will not regret to start purchasing coins to hold because they know that long term is always favourable than short term holding, which is the most favourable strategy or tactics experience holders are using.

[Jegileman]

Holding through the bear market is more about our mindset not by predicting every moved the market does. due to it volatility, they market will always fluctuates, but investors who have the ability to remain patient, think rationally, and stick to a wellthoughtout plan often makes the biggest difference over the long term. What your own take on this? what do you guys feel people need to do to survive and hold during this bearish condition.

The bearish market is not what can be approached naturally by many people, there needs to be a very big conviction of the market before starting up as an investors, a long term investor in the bitcoin market. So many obstacles built along the way but only the strongest of all remain in the long term hold of the market through the bearish market. Asides this, not allowing the news about the market performance circulate within you is very important also, because it takes your mind away from the market and only come back to check over a longer period of time after your investment. There is no really big chemistry behind holding for the long term, when you apply some few rules and stick to them, you can be able to handle the whole process effectively.

[Josefjix]

Those that got panicked are those who are inexperienced in the market conditions, they never knew that Bitcoin price has a good time and bad times, and those times are very critical. When the bad time comes, it's always rough and takes time, and when good times comes too, it's always beneficial and sweet.

O, overall, the journey of Bitcoin isn't always for the weak investors, you have to endure and enjoy the both seasons, bull and bear. Even in reality, day and night occurs.

So when it's time for bear period, enjoy it while learning and planning to accumulate more if needs be.

[Shinpako09]

First of all, they should keep in mind that the market has two seasons: bull and bear. It can't be bull season all the time, there's no such thing.

Bull season is the time when you should consider taking profits, especially if you're the type of investor who gets scared easily. Bear season is the time to accumulate and hold until the next bull season comes around.

If you buy during a bull season and decide to hold without considering the possibility of a bear market, there's a high chance you'll end up disappointed. Newbie investor have to understand that the market moves in cycles.

[alastantiger]

Holding Bitcoin through bear market is ine if the hardest thing to do especially for thise who have not had that experience.  But thise who have had the experience will usually add more coins to their portfolio at such period begause they understand how explosive the recovery can be

Holding Bitcoin during the bear market can be hard only if you decide to make it hard but if you decide not to make it hard then you can have a stress free holding period. The mistake people make is that when they decide to hold they still constantly monitor the price of Bitcoin and this affect their mentality hence it becomes difficult for them to hold because when you are holding your Bitcoin and then you see the price keeps on falling, you are going to panic and one day sell off everything before you lose everything, that is what your mind will be telling you.

But if you hold and then forget about the market by not monitoring it or staying glued to your screen then you can hold peacefully without being scared because you don't even know what is going on. When the beer market is over then the bull market comes, you can then track your progress as you will notice that although your Bitcoin was low when you bought but currently it is very high because the market price has recovered.

[YOSHIE]

The Psychology of Holding Bitcoin Through Bear Markets

If I speculate on the psychological stage when the market is bearish and we still hold Bitcoin, such a situation has individual psychological challenges, Most of the time there is a flow of speculation when the market is bearish, this test of mental endurance for Bitcoin users breaks down.

What we see in general Bitcoin users is that the psychological stage of resilience is not restrained, they will panic, make impulsive and emotional decisions, this actually endangers themselves and also Bitcoin assets.

There are several things that can maintain the psychological stage for Bitcoin users when the market is bearish, such as maintaining a long-term investment perspective, assuming the market cycle will improve, divert our attention to other things, don't panic, always monitor the long-term price chart, that way might be able to overcome the psychological stage situation better.

[Baki202]

The bearish market is not what can be approached naturally by many people, there needs to be a very big conviction of the market before starting up as an investors, a long term investor in the bitcoin market. So many obstacles built along the way but only the strongest of all remain in the long term hold of the market through the bearish market. Asides this, not allowing the news about the market performance circulate within you is very important also, because it takes your mind away from the market and only come back to check over a longer period of time after your investment. There is no really big chemistry behind holding for the long term, when you apply some few rules and stick to them, you can be able to handle the whole process effectively.

Prior to investing, you must be emotionally prepared. I concur with you because they need to be emotionally accessible, which is one of their problems. Let it be that we have a direction since the market price shouldn't stop anything. If the price has been holding for a long time and there aren't many problems with how the price is moving, you should be ready for it when it drops.

And all of this is a result of their lack of a fundamental grasp of Bitcoin, or if they do, it's because having a basic comprehension makes it easier to control your emotions. People ought to be aware that it's a long-term investment, after all. And all you have to do is comprehend; once you have the knowledge, it won't be that hard, and the truth is that you can expect anything from the market because there are no two ways about it you must be patient and hold for a long time.

[Johnlomape]

I agree with you that is about our mindset or our heart desires op, if not because of our heart desir or mindset, I don't think holders would have been releasing their coins when they know it will not going to bring out huge amount of income, but for them to get themselves involved in holding, show that they have the ideal of the holding and they are ready to use what they will not regret to start purchasing coins to hold because they know that long term is always favourable than short term holding, which is the most favourable strategy or tactics experience holders are using.

The psychology of holding your assets throughout the bear market is never easy and we keep seeing investors selling their crypto portfolios because of fear of what could happen to their assets. Holding through the bear market is not easy for the newbie investors that have never experienced the bear market before and how the price of Bitcoin can stay stagnant for a long period without moving very fast.

If traders and investors during the bear market can coordinate themselves through how this season without falling quickly to react to what's happening in the market, they will over the the urge of selling quickly since we don't know what will happen in the market in the next hour. Price can quickly react and Bitcoin can starts going up without any signal or alertness.

[yixichloro2xx]

The bearish market is not what can be approached naturally by many people, there needs to be a very big conviction of the market before starting up as an investors, a long term investor in the bitcoin market. So many obstacles built along the way but only the strongest of all remain in the long term hold of the market through the bearish market. Asides this, not allowing the news about the market performance circulate within you is very important also, because it takes your mind away from the market and only come back to check over a longer period of time after your investment. There is no really big chemistry behind holding for the long term, when you apply some few rules and stick to them, you can be able to handle the whole process effectively.

Prior to investing, you must be emotionally prepared. I concur with you because they need to be emotionally accessible, which is one of their problems. Let it be that we have a direction since the market price shouldn't stop anything. If the price has been holding for a long time and there aren't many problems with how the price is moving, you should be ready for it when it drops.

And all of this is a result of their lack of a fundamental grasp of Bitcoin, or if they do, it's because having a basic comprehension makes it easier to control your emotions. People ought to be aware that it's a long-term investment, after all. And all you have to do is comprehend; once you have the knowledge, it won't be that hard, and the truth is that you can expect anything from the market because there are no two ways about it you must be patient and hold for a long time.

Before a person begin their investment, they should know that the market moves in cycle, which means there will surly be bullish and bearish period. This alone makes investors to reduce the kind of high expectations they have on Bitcoin. No matter how good an investor manages his financial, when the moment of truth (when market is fluctuating) come , you will see  a lot of investors abandoning their plan and goals on Bitcoin and start by panic selling.

What causes this, is a result of weak mindset, where they make decisions base on what their minds tells them. Although poor financial planning also influences why someone is unable to hold through the bear market. Especially when an investor uses money meant for survival or daily needs to invest. But most times is just the lack of discipline and mindset that makes investors sell of quickly.

[Finebone]

Holding Bitcoin during the bear market can be hard only if you decide to make it hard but if you decide not to make it hard then you can have a stress free holding period. The mistake people make is that when they decide to hold they still constantly monitor the price of Bitcoin and this affect their mentality hence it becomes difficult for them to hold because when you are holding your Bitcoin and then you see the price keeps on falling, you are going to panic and one day sell off everything before you lose everything, that is what your mind will be telling you.

Holding your stash of Bitcoin is a lot easier when you invest from your discretionary income, which is a fund you can do away with for a very long time, but once you invest away from your discretionary income, the dip will always be challenging to such investor because he is emotionally attached to the funds invested .

But if you hold and then forget about the market by not monitoring it or staying glued to your screen then you can hold peacefully without being scared

This is one great point you outlined here, and I totally agree with it. Monitoring the market will always put you under pressure, especially when you invest what you cannot afford to lose, so it's a practice that should be avoided if such investor doesn't want to sell  in panic.

[Tonimez]

The bearish market is not what can be approached naturally by many people, there needs to be a very big conviction of the market before starting up as an investors, a long term investor in the bitcoin market. So many obstacles built along the way but only the strongest of all remain in the long term hold of the market through the bearish market. Asides this, not allowing the news about the market performance circulate within you is very important also, because it takes your mind away from the market and only come back to check over a longer period of time after your investment. There is no really big chemistry behind holding for the long term, when you apply some few rules and stick to them, you can be able to handle the whole process effectively.

Prior to investing, you must be emotionally prepared. I concur with you because they need to be emotionally accessible, which is one of their problems. Let it be that we have a direction since the market price shouldn't stop anything. If the price has been holding for a long time and there aren't many problems with how the price is moving, you should be ready for it when it drops.

And all of this is a result of their lack of a fundamental grasp of Bitcoin, or if they do, it's because having a basic comprehension makes it easier to control your emotions. People ought to be aware that it's a long-term investment, after all. And all you have to do is comprehend; once you have the knowledge, it won't be that hard, and the truth is that you can expect anything from the market because there are no two ways about it you must be patient and hold for a long time.

Emotional preparedness for bitcoin investment is very crucial to bitcoin success and shows how ready a person is before going into bitcoin investment. The bulk emotional activities comes when a person joined bitcoin during a bull season with the initial intention of HODLing for a long time, when the bear market sets in he has a very high risk of selling off his bitcoin stash. Defeating the urge to avoid beyond what you can forget is a first necessary steps to succeeding in bitcoin if you don't want to feel trapped during the bear market. Basic knowledge of the bitcoin cycle will help give you all the necessary hope you need to remain calm.


The bitcoin repeat chart shows that this bear market may linger until early next year before we could start expecting a near upward trends. This is where the knowledge of bitcoin cycle helps in guiding ones emotions against the panic to sell.
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[knowngunman]

Those that got panicked are those who are inexperienced in the market conditions, they never knew that Bitcoin price has a good time and bad times, and those times are very critical. When the bad time comes, it's always rough and takes time, and when good times comes too, it's always beneficial and sweet.

O, overall, the journey of Bitcoin isn't always for the weak investors, you have to endure and enjoy the both seasons, bull and bear. Even in reality, day and night occurs.

So when it's time for bear period, enjoy it while learning and planning to accumulate more if needs be.

Well, even the experienced ones do panic during the bear market but how they react is what makes them different from inexperienced people.

The most panic ones are the ones that invest with the money they can not afford to lose or have no intention of holding for a long time. The experienced people in this context pretend to feel nothing, they actually do get panicked too but they already built the system that fear can not change even during bear market because they have seen similar things before and know it would certainly end. It's hard for everyone to remain calm when your portfolio is down drastically but if you panic and sell, you'll definitely FOMO when the bear is over.

[puloweh555]

What your own take on this? what do you guys feel people need to do to survive and hold during this bearish condition?

It's undeniable that holding Bitcoin is difficult when the price continues to drop especially when it drops drastically. For example, if you buy Bitcoin at $90,000 and the price drops to $60k your mind immediately feels like a loss and wants to get out quickly.

When you have a positive mindset about Bitcoin and understand how the Bitcoin network works, such as its limited supply, halvings, and increasing adoption you won't panic easily. Having this broad knowledge of Bitcoin will indirectly lead to a healthier psychology when holding Bitcoin in a bear market.

Because you already have the mindset that price drops are normal, not the end of the world. The key is simple maintaining sound psychology during a market downturn understand the fundamentals, not just follow the price. With a strong understanding you will be calmer and stronger in the face of market volatility. This is also what differentiates ordinary investors from successful ones in Bitcoin.

[Xackie]

What your own take on this? what do you guys feel people need to do to survive and hold during this bearish condition?

It's undeniable that holding Bitcoin is difficult when the price continues to drop especially when it drops drastically. For example, if you buy Bitcoin at $90,000 and the price drops to $60k your mind immediately feels like a loss and wants to get out quickly.

When you have a positive mindset about Bitcoin and understand how the Bitcoin network works, such as its limited supply, halvings, and increasing adoption you won't panic easily. Having this broad knowledge of Bitcoin will indirectly lead to a healthier psychology when holding Bitcoin in a bear market.

Because you already have the mindset that price drops are normal, not the end of the world. The key is simple maintaining sound psychology during a market downturn understand the fundamentals, not just follow the price. With a strong understanding you will be calmer and stronger in the face of market volatility. This is also what differentiates ordinary investors from successful ones in Bitcoin.

The problem with investors is how they they don't plan properly before and after they began accumulating Bitcoin. Some investors buys  Bitcoin without trying to settle their essential expenses.  Some investors on the other hand even after figuring out their discretionary income over overstretches themselves by buying beyond their capacity.  The bear market is one of the most trickiest moments in the bitcoin cycle, because that's where you know the difference between an actual investor and a trader disguised as an investor. Investor most have good financial management (discretionary income and savings), patience,discipline and long term goals.

[laijsica]

What your own take on this? what do you guys feel people need to do to survive and hold during this bearish condition?

It's undeniable that holding Bitcoin is difficult when the price continues to drop especially when it drops drastically. For example, if you buy Bitcoin at $90,000 and the price drops to $60k your mind immediately feels like a loss and wants to get out quickly.

When you have a positive mindset about Bitcoin and understand how the Bitcoin network works, such as its limited supply, halvings, and increasing adoption you won't panic easily. Having this broad knowledge of Bitcoin will indirectly lead to a healthier psychology when holding Bitcoin in a bear market.

Because you already have the mindset that price drops are normal, not the end of the world. The key is simple maintaining sound psychology during a market downturn understand the fundamentals, not just follow the price. With a strong understanding you will be calmer and stronger in the face of market volatility. This is also what differentiates ordinary investors from successful ones in Bitcoin.

The problem with investors is how they they don't plan properly before and after they began accumulating Bitcoin. Some investors buys  Bitcoin without trying to settle their essential expenses.  Some investors on the other hand even after figuring out their discretionary income over overstretches themselves by buying beyond their capacity.  The bear market is one of the most trickiest moments in the bitcoin cycle, because that's where you know the difference between an actual investor and a trader disguised as an investor. Investor most have good financial management (discretionary income and savings), patience,discipline and long term goals.

It may not be easy for a new investor to plan before starting Bitcoin investing because they spend time learning the basics. Rather than planning properly before starting Bitcoin, you need to make sure that you have discretionary income available. Having discretionary income means that you have passed the initial stage and can continue to invest in Bitcoin regardless the amount of money.
If you plan too much and spend time, it will not do justice to the long term investment. Investing is very easy if you can be consistent and keep up with your financial capabilities.

You are right that the most difficult time for an investor in the long term investment cycle is the period of price decline. Accumulate Bitcoin regardless of the price and be patient and tolerant. Do Bitcoin within your financial capabilities regardless the amount of money.

[Davidloki]

‎ One of the reasons why people panic in the bear market is because of high expectations. Whereby the only thing that goes through their mind is that Bitcoin will always keep rising without keeping in mind that it can also dip. So when that dip finally happens, they begin to doubt their decisions. Instead of them keeping their head straight and focus on  why they invested in Bitcoin in the first place, they become trapped and consumed by short term moves.

Maybe I am in a different part of the world buying bitcoin. For me not to be aware of people having high expectation during bear market is a sign that I’m not in this world. High expectation is for the bull market not for bear market. In bear market most people think of selling off some of their bitcoin to stablecoins for the meantime. Rather than losing the value. This influenced by the mindset of retaining old profits or for buying when it is a lot cheaper.

[fullfitlarry]

Those that got panicked are those who are inexperienced in the market conditions, they never knew that Bitcoin price has a good time and bad times, and those times are very critical. When the bad time comes, it's always rough and takes time, and when good times comes too, it's always beneficial and sweet.

O, overall, the journey of Bitcoin isn't always for the weak investors, you have to endure and enjoy the both seasons, bull and bear. Even in reality, day and night occurs.

So when it's time for bear period, enjoy it while learning and planning to accumulate more if needs be.

Well, even the experienced ones do panic during the bear market but how they react is what makes them different from inexperienced people.

The most panic ones are the ones that invest with the money they can not afford to lose or have no intention of holding for a long time. The experienced people in this context pretend to feel nothing, they actually do get panicked too but they already built the system that fear can not change even during bear market because they have seen similar things before and know it would certainly end. It's hard for everyone to remain calm when your portfolio is down drastically but if you panic and sell, you'll definitely FOMO when the bear is over.

If those experienced investors panics during the bear market, then thy are not that season investors but instead didn't learn anything from their past experienced. Perhaps at the start when their investment is down, then they panic but didn't react and didn't sold.

So it doesn't make sense that in the next bear market, they will react differently. On the other hand, if they learn something is that they should be more willing to buy and then just go thru this bear market accumulating. And once we go into the bull run, then sell to take that profits. It's no secret formula, but you just have to stick to it.

[sotelorene]

‎ One of the reasons why people panic in the bear market is because of high expectations. Whereby the only thing that goes through their mind is that Bitcoin will always keep rising without keeping in mind that it can also dip. So when that dip finally happens, they begin to doubt their decisions. Instead of them keeping their head straight and focus on  why they invested in Bitcoin in the first place, they become trapped and consumed by short term moves.

Maybe I am in a different part of the world buying bitcoin. For me not to be aware of people having high expectation during bear market is a sign that I’m not in this world. High expectation is for the bull market not for bear market. In bear market most people think of selling off some of their bitcoin to stablecoins for the meantime. Rather than losing the value. This influenced by the mindset of retaining old profits or for buying when it is a lot cheaper.

The market is still bearish for now so is not like anyone is happy to see the market doing down or dipping and then again it is a feature ( volatility) of the asset so if you are seeing a bullish market this period it means you are actually in a different world 😆 because we are in bearish period but the hope of everyone investor is a reversal ( uptrend) which will happen soon because the market has range for some period of time. It is not really wise to sell and save in stablecoin simply because price is going down