Some considerations to take into account when facing bear markets.
Greetings to all readers of this great platform, in the present opportunity I want to impart with you some considerations to take into account at the memento of facing a bear market, this mainly because of the moment we face in the current market by the behavior of BTC which drags the entire cryptocurrency market, those of us who are part of this world of blockchain must take a position at this time.
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To enter into context we must remember that the BTC made a great correction in its price a short time ago, so it dragged all the cryptocurrencies that exist in the market, and this has generated panic in many users who have not faced these scenarios, while other investors enjoy the moment, as they see it as the ideal time to invest part of their capital in cryptocurrencies.
These investments are made by having the knowledge that the market will return to take its upward path in due course, as this market is made up of cycles which at the time correct (price drop) accumulate that it is time to get new investors and then return to the rise, ie its price will increase to profit the people who invested in due course.
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For those of us who are constantly dedicated to writing on this great platform, it is an ideal time to double our efforts even though the rewards in dollars are lower, the amount of token obtained increase, since, by receiving payment in a stable currency, and the token has a less value we can acquire more of them, being a scenario with many advantages for the constant writer.
Among my considerations, we must take into account that we can acquire more tokens, with the purpose of investing in our voting power, or to accumulate them for a while until the market returns to a high point and capitalize, practically becoming a holder, and those who have the availability, acquire other currencies.
The cryptographic world is not for everyone, although it sounds a bit strong is the reality, these are the moments where we realize who are made for this world, although the market is low, people who are starting out can still capitalize a lot of money, now people who have more time have appreciated the 2 sides of the coin, the bull and bear markets in the blockchain, being consistent and patient is the key to success.
Greetings @chucho27
an excellent analysis is that you present us on the bear market of Bitcoin. no doubt that for many are opportunities to acquire more token waiting for the market to rise. but the weak hands are drastic scenarios that contribute to lower more because they sell, in this world there is everything some cry and others as they say in my land "the house loses and laughs".
Thanks for sharing
Greetings friend @dgalan, thanks for your comment, you have to take into consideration that although it is a good time to buy cryptocurrencies, you should also be careful and have a firm decision, if the market goes down a little more just wait, do not panic and sell.
I always say it that if you are easily moved by emotions, you can not trade bear market because it will get to a point you will be jerked out of the market due to the bear stuff
One must learn to be patient as in crypto space what ever goes down returns up
Greetings @mandate, I very much agree with your comment, we must take into consideration that if we let ourselves be controlled by emotions in these scenarios we will end up losing money, we must be patient and control our impulses.
Very interesting your explanation, and the interest on these coins can greatly multiply the amount of tokens you are accumulating, it is time to make an effort and wait for a new upward cycle, excellent explanation.