Thriving in the Bear Market.
Hi friends, welcome to my blog. Trust you're good and keeping well. It good to have you here once again. I trust you're getting value from my content. Kindly stay with me and enjoy as I dish out my contents.
Today I would like to share with us my thought on the current state of the market. I just feel like sharing one or two tips on how to enjoy the ride through this current market state (bear) into the market we have been envisaging, the bull market.
It no more a news that we have been riding in this downtime for months and it seems like we are still far from the green. Well it part of life. There are times we ride smoothly and there are other times the road get rough and we still have to route our way through.
Come to think of it is Bitcoin halving the hope for the bullish market we have been looking forward to? Well That is not my focus for today, but trust me I've heard so much about this upcoming phenomenal event and from the little information I've gathered it seem to me like it going to usher us into that green season...smile. Am optimistic.
So...let me just share some simple and workable tips on how to sail through this season. Shall we ? I believe yes..smiles.
- Tip 1: Stay always from the market noise
This is the time you have to reduce how much you listen or check out news concerning the market. Some folks out there are not helping at all. They are out there to make content or create news that provoke reactions.
The fact is if you get caught up or entangled, you might make some irrational decision based on those information thereby affecting your portfolio.
Just do well to limit the way you follow up on news concerning the market. One funny truth is that the bear market also comes with it own good side. Maybe you've not explored enough..smiles.
- Tip 2: Stick to your financial plan
Trust me I understand how funny the market can be but don't forget that you had your plans and strategies all figured out before setting up your portfolio.
Do not at this point discard all your overall financial plans and objectives just because the market is temporarily moving in an unfavourable direction. It might be very detrimental to your portfolio. You have to guide against your emotion.
- Tip 3:Invest More
Some wise investors see the bear period as the best time to bag, I mean to buy more or invest more. You tend to get your desired asset at a very cheaper price during this dip. When you buy very cheap, you gain more when the price appreciate during the bullish season.
This works actually and still works. This is not a financial advice anyways but only sharing my personal opinion about this particular point. However do well to consult your financial adviser on what asset to bag in the season if you must bag at all.
- Tip 4: Know that the Bear market is temporal
Having this mindset will help you focus. The bear market is just for a season and won't be here forever. Making one irrational decision will leave you with regrets you didn't bargain for. From past record, we have seen that bearish season is shorter when compared to the overall bullish season.
It is just impossible not to have a down time in the market just like the bear market phase we are going through. This is what actually what brings balance to the market and make it healthy.
- Tip 5: Live your life.
The advent of the bearish market shouldn't put a hold on your life, There are other things you could focus on when there seem to be decline in the market. Maybe its a time to take a break off the market and breathe fresh air.
Just ensure you've done all within your capacity to protect your portfolio and then channel your energy into something else especially if you're that kind of person that get easily overwhelmed by the happenings in this market.
Well I will like to draw the curtain at this point. I believe you've gleaned one or two lessons from the above points. I welcome comment of all kind including suggestions, additions and recommendations.
Thanks for your time. Till I come your ways next time, enjoy!
Disclaimer: This post is made as an education and not investment advice. Digital asset prices are subject to change. All forms of crypto investment have a high risk. I am not a financial advisor, before jumping to any conclusions in this matter please do your own research and consult a financial advisor.
Regards
@lhorgic♥️
Hi @lhorgic, where is your Twitter share link, I guided you before too, please don't forget to add twitter share link always.
So sorry it skipped my mind this time. Am really trying to follow up all the neccessary guidelines.
It's a matter of time friend. I will get very use to it. Thanks for the job welldone.
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