After the Great Fall of the cryptocurrencies and we found ourselves under $ 30.000 I decided to make a small guide-manual on how you can use the bear market to your advantage and be a proper psychological process and not leave us 20 years of our lives because of stress ..
Most millionaires were made in times of crisis and bear market
What is a bear market in simple words:
Bear market is a phase that a market goes through and from an upward trend we go to a downward trend where optimism leaves, new money does not enter the market and there is a great vine of pessimism, also a bear market can last for weeks and months. many promising projects to destroy +. ( There is no specific time limit but usually depending on how the situation in the general markets goes so do the cryptocurrencies and specifically bitcoin follows the global market and Altcoin follows bitcoin. )
In a bear market you need a purpose SURVIVE. you will see friends, partners being in a miserable state even thinking horrible things, you have a purpose SURVIVE.
This guide will teach you how to survive while maintaining your (mostly) common sense.
LIABILITY DISCLAIMER: Cryptocurrency trading is VERY dangerous. Make sure you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your money.
One of the most important things to know is that you do not have to be 100% in the market you always have to have money on hand to be able to later buy cryptocurrencies at great opportunities. So always on the side of a stable coin ESPECIALLY IN A MARKET where you see that things are not going well and I turn to the American market.
50% on USDC / USDT
25% on ETH
25% on BTC
This is an example you can make to your measurements but the most important is a large percentage in stable coin.
Because I also have a portfolio with enough altcoin I always know that I will not be 100% exposed in the market .. which is very important to be able to sleep at night.
DCA what is.
DCA is one of the best ways to invest in the market. To emphasize you do not know the real bottom all the analyzes that are done are from confirmation shots that in a certain point there is a purchasing power but no one knows if the bottom is really there and if you saw someone who says date or knows where the bottom is lying .
So the DCA method is instead of transferring all your savings and your wife separating you, every month you get money from your job or your business to put either firmly every month in a safe cryptocurrency for example Bitcoin, ETH or if you want to risk even more choose an altcoin but take the risk and go to zero, another method is to put money aside in usdt every month and instead of every month to buy, you will buy with the money you have collected each months when the market has made a strong dump or you are in a strong support.
For example, you saw SOL at $ 80, you read, you saw prospects for that particular project and you decided to put $ 4.000 in SOL at a purchase price of $ 80 and after a few months you see it at $ 40 with what psychology you will be able to manage all this.
Imagine putting 1/10 of your salary at $ 80 (At 1000 Euros 1/10 is 100 euros every month) you would buy in various places and when the market recovers then you will win from all the positions you have entered. I STRESS investing in projects that are very useful and are not brand new cryptocurrencies because in a bear market a new project may never get up.
My Tip is to find out for yourself if you want to have high risk cryptocurrencies or not and make a plan with always the most cryptocurrencies you will have to be bitcoin / sat and ETH and then you can risk some money on more risky cryptocurrencies.
Capital and money.
It is not easy and I know it especially with the situation that prevails in recent years with work is tragic, but if we want to create extra income we can do everything. Start your own business or start uploading content with things you know on a isotope to a youtube channel or make an ebook, take advantage of what you know and stop watching TV and netflix. In addition, use this money exclusively to buy the Dip even more loosely. Personally, 3 years ago I worked in a company for 8 to 9 hours every day and at the same time at night I worked and made Youtube SEO in channels abroad and in Greece and I made extra money which I invested in the channel I have + I invested in books, seminars and cryptocurrencies.
Psychology and cryptocurrencies
If you have no money to lose, GO AWAY until you gain. If your mental health is in a miserable state, GO AWAY. This game is very difficult and we will go through the pain to achieve something, nothing in this life will come easily .. People who just do not manage their money properly and make reckless moves will face terrorism and fear.