10 THINGS TO DO DURING BEARISH MARKET SENTIMENT!!Hello everyone, here is my second educational post for the community. First of all, thank you so much for constantly supporting me and be with me in this whole journey. Hope you guys like this article and learn from it.
As you see the current market condition is bearish from past several months. So I was thinking that what we should do in this kind of market condition. So here is my 10 thoughts:-
1. The First and the most important thing is to ‘SURVIVE’. Number one rule is to protect your hard earned capital and always have spare cash ready to be deployed when opportunity arrives.
2. Speaking of Opportunity , learn patience and the art of doing nothing. Don’t jump on any random $ALTS that people shill as a gem. There will always be opportunities in Crypto so don’t waste your entire capital before real opportunity presents itself.
3. It is hard to accept but the Market is ruthless and doesn’t care about your any coin Fundamentals. $BTC going down will drag each and every other $ALT with it so better to accept the loss other than HODLING something just because it has solid Fundamentals.
4. Looking to buy your favourite coin just because it is already down 90% ? You’ll be delighted to know that it can go down another 90%. Most of the coins won’t survive after a Bear Market.
5. Found an $ALT that is constantly under development ? Team is really building even in harsh conditions ? The Roadmap is being followed ? The Project is generating revenue ? This is the kind of $ALT that you should look to buy once you see ‘signs’ of bottom forming. Don’t go all in on anything. Learn to DCA.
6. There are always new trends in Crypto. Learn to identify these trends and ride the hype train until it lasts. Fighting the trend will only result in you losing the opportunity.
7. The best place to invest in during a Bear Market is yourself. Learn new skills, spend time on improving yourself. Practice as much as you can and prepare yourself for the next bull market.
8. Don’t keep all your Funds in one place. Learn to diversify in everything. Don’t use a single wallet to keep all your funds, don’t deploy all your funds into a single coin.
9. There are tons of other ways in Crypto to make money. Hunt Airdrops, apply for moderator roles in new Projects, good with graphics? - start making infographics, good at researching? - tons of people on CT and many websites are looking to hire researchers. Crypto is still an evolving industry , the opportunities are abundant.
10. This is something I wished I learned sooner - Interact with people, form groups, share your knowledge. Having people around you with a similar mindset will push your growth more than you can imagine.
The last thing is to Learn from your mistakes , make notes and don’t lose hope. Stop trying to be rich overnight and start hustling.
If you think these things will help you to survive in a bearish market conditions then hit the like button.
Also, share your views in the comment section.
Thank You!
