What to do in crypto bear market in 2022 ?
Actually Bear and Bull are just the market cycles and actually some of the investor enjoy the bear market because these bear market will generate some handsome profit for them in upcoming bull market and it is possible that bear market time frame can stretch for longer duration but bull market always resume.
If you are already in the midst of the crypto bear market and just wondering what to do, then these are the following tips that you might find worth trying.
1. Read and understand more.
When the market is rising you will find lot of "noise" for investing in project "X" or "Y" and everything keep rising in the bull market that really make anyone confused.
But in the bear market, noise is faded out and it is time to learn the basic of Crypto currency, utility of a coin/token , dive into the fundamentals.
This understanding actually is going to keep you invested and picking up the winners
2. Buy the dip but do not consider it as firesale.
Everyone will tell you to "Buy the Dip" but in reality no one can actually predict the lowest point in the dip.
So at any circumstance do not get yourself overburdened like taking debt, mortgaging your house considering it as ultimate discount and making assumption that market cannot go below this point. Market can still surprise you and extended "bear" market is going to backfire in this case.
3. Buy for Long term/invest in proven fundamentals.
Always go for the fundamentals and utility of the particular crypto instead of just going to buy any random crypto coin. I will not say that strictly keep away yourself from meme/trending coin but restrict our exposure not more than 5% of your overall portfolio as these can be hit or miss and just wonder what will happen when your 100% portfolio literally goes to 0.
4. Sell or not to sell?
You will get the advice that "Do not panic sell" and it is fine but still you need to take decision that you should get rid of "shitcoins" now to re invest in the winner or keep them for the next bull run. It is highly unlikely that these "shitcoins" might be able to gain value in bull run and selling them and putting them in winner can be good decision and "sell or not to sell" is really a difficult question that might haunt you in bull market too.
5. Averaging , not "all in" a single day.
Even if the market in the dip but do not jump "all in" in a single day, Keep investing and keep observing the market for few days before investing again.
If it go more down, you will get more dip to buy and if it go up then you already have some profit. I think this is win win in both case.
6. Stable coin APR will keep you moving / POS Rewards / Defi rewards.
It does not mean that we do not have any option to earn in bear market, earning is still possible by getting interest in stable coin, Pos rewards for the coin and invest in the Defi for the stable coin pair.
7. Have a positive attitude.
Take care of yourself and do not stress by checking price after every few minutes. Keeping little distance from market, relaxing with family and using your gained knowledge for investing in good coins will going to help you in bull cycle so do not think too much on the dips and down and wait patiently for good time to come.
8. Be prepared for next bull run.
When you already faced the bear cycle and survived then a bull cycle will be certainly a breezer and time to rejoice but at this cycle do not forget to book profits and invest in assets that can give you income irrespective of the market volatility so that you are prepared and ready to take benefit of the next bear cycle.
This is excusive posted from Leofinance.io
If In case if you do not know what LeoFinance is then you can read about this platform at https://leopedia.io/faq/#what-is-leofinance
Hope you have liked it, Please feel free to upvote, reblog and comment.
Also feel free to give me a follow at https://leofinance.io/@r1s2g3
Posted Using LeoFinance Beta
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
A well-analyzed process to be prepared for the bear market.
Now is the best time to use time as our best resource for those who don't have much fiat to invest in the dip.
Posted using LeoFinance Mobile
I saw market ups and down many time , joined at late 2017 but this is my first bear cycle with having some investment in market and that are all created in last bear cycle.
Posted Using LeoFinance Beta
Came from list nerds and this was a very well written piece of work,so well done
Posted Using LeoFinance Beta
Very solid advice. You will never know how long the bear market is and trimming your portfolio is a must because it's harder to get back to the starting point the more you lose.
Posted Using LeoFinance Beta
Yeah , very true.
More bigger is portfolio , more hard to track it and follow the news around it. so just pick few but keep every update about it.
Posted Using LeoFinance Beta
Very solid advice! For me, it's just a matter of trying to keep on doing what I did before. I have my portfolio reviewed and will keep on doing that every few weeks. Just keep on grinding until the bull wakes up again.
And do book some profits and convert it into some sort of stable income.
Posted Using LeoFinance Beta
Really good post explaining the bear market, @r1s2g3.
I would only add one thing that you did cover briefly,
NEVER invest money you cannot afford to lose.
No one likes to lose money, but if you lose your house in your investment strategy, then you need to re-examine your strategy.
!CTP
This is the golden rule of investment ,investing by taking debt is never advised.
Thanks for mentioning it.
Posted Using LeoFinance Beta
👍
!CTP
It's great to have you in listnerds Rajat :)
Thank you for sharing it on Listnerds.
Posted Using LeoFinance Beta
I am in free member and login to see how things work.
Will check on subscription later on.
Posted Using LeoFinance Beta
This should be required reading for everyone right now.
Great bulletin board material!!!
Posted Using LeoFinance Beta
Thanks Jon.
Posted Using LeoFinance Beta
Great post. This post is so informative. I am going to reblog it so more people can read it. Thank you.