5 profits when the market crashes
We are in a bear market and it looks like the situation will remain grim for some time to come. How long and how long the bear market will last and whether it will recover quickly remains a question mark.
If you’re reading this article, it’s probably because you want to continue making money from your cryptocurrency investments, and you probably will in the long term.
It’s worth remembering that even the biggest crypto fanatics sometimes get irritated by the dismal market prospects, but that’s not a bad thing. In fact, bear markets can still bring some benefits to investors.
You will know who to trust in the chaotic world of cryptography
Unfortunately, cryptocurrency social network communities are as fickle as the weather: they can be trusted when the market is good, but become dangerous when things go wrong.
Things got so bad a long time ago that “professional” investors stopped offering advice and turned to social media chatter altogether. Meanwhile, “ethicists” quietly reject the idea that cryptocurrencies could rule the world.
A stagnant market is great for finding people you can trust. The seasoned experts you should trust are not “predictable guys” but people who have the courage to stand up and admit their mistakes and misjudgments when the market is bad.
Bear markets can help separate gold from rock. This timing helps weed out “experts” and unreliable advisors and coins. It’s funny when you see an altcoin you hate crashing and a promising ICO project you regretted not investing in suddenly drops to nothing.
But don’t worry too much about these things, they’re just small things. The real benefit of a falling market is that the cheat coins are wiped out immediately. Ponzi schemes, credit fraud emerge more quickly and then recover more slowly. Even though BitConnect (BCC) stopped its evil 6 months ago, @bccponzi continues to monitor questionable projects that may replace BC in the near future. There will always be mistakes, but you have to thank the bear market for cleaning up the “garbage”. And also because of funny memes on the internet.
It’s time to relax and educate yourself
When the market is hot, you can’t and don’t need to learn how to trade. You can choose coins randomly and ensure instant win. But when the market crashes, when F5 is pressed gently every 2 minutes when the price drops, then you get a lot of questions. .
This can range from technical analysis to studying leverage, finding signs of a market reversal, or finding valuable coins. Your learning at this stage will pay off tenfold if the market turns bullish.
This is the time to buy more coins for “cheap”.
It’s easy to talk about accumulating more crypto, but it’s not very pleasant, especially when your portfolio wealth drops 80% and you have nothing left to invest. If you’re a max but wondering when a digital asset like bitcoin will see a comeback, it’s time for you to act.
Accumulation does not stop when the stock market is in the red, but it is a task that must be carried out throughout the year to drive strong growth when the market returns to bottom. Getting a cryptocurrency related job is also a way for you to collect satoshis while the price is still low.
Fees are all you need to keep the rest of your money safe until the altcoin or bitcoin era returns.
Looking for a new hobby
The world of cryptocurrencies is great, but you have to trade a lot of them. It is not good for your health to stand in front of a screen every day – maybe three if you are a professional trader – and use a lot of stimulants or wake up in the middle of the night. due to the alarm during trading hours. Don’t give up on crypto completely, but consider a bad market time as a time to get off your computer screen and get out of the house. Play a new sport, go for a walk, read a better book or take a class, do the things you’ve always loved.
In the words of Ferris Bueller, “Life changes so fast. If you don’t stop and look around, you will lose your life. Cryptocurrencies are not going anywhere. If you are willing to make that love your life, he will follow you. Even if you don’t have the power to control the market, you can still control your desires. Take your time to find partners – both online and in real life – wisely. Your investment decisions, your learnings, and your personal choices during a bear market are the best you’ve ever seen.
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