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
Table of Contents
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.
STABLE COIN
One of the most important things to be aware of is that you should not be 100% in the market, you should always have money set aside to be able to buy into great cryptocurrency opportunities later. So always on the edge stable coin ESPECIALLY IN A MARKET where you see that things are not going well and I address the American market. However, we have also written a detailed guide on how to buy Tether USDT
Example
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.
What is DCA? in Cryptocurrencies.
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 divorcing you, every month you get money from your job or your business you put either fixed every month in a safe cryptocurrency for example Bitcoin, ETH or if you want to risk even more choose some altcoin but you take the risk and it goes to zero, another method is every month to put money aside in usdt and instead of every month to buy, you will buy with the money you have collect every month when the market has made a strong dump or you find a strong support.
For example you saw it Left (LEFT) at $80 you read, saw prospects for this project and decided to put $4.000 in SOL at a purchase price of $80 and after some 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 contribution is clear with yourself if you want to have cryptobodies high risk or not and make a plan with always the most cryptocurrencies you will have is bitcoin/sat and ETH and then you can risk some money in riskier cryptocurrencies.
Capital and money.
It's not easy and I know it personally with the situation that prevails in recent years with work it's tragic, but if we want to create extra income we can do anything.
Start your own business or start uploading stuff you know to a site on a youtube channel or make an ebook, take advantage of what you know and stop watching hours of tv and netflix.
In addition, use this money exclusively to buy Dip even more freely. Personally 3 years ago I worked in a company 8 to 9 hours every day and at the same time in the evening 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 knowledge books, seminars and cryptocurrencies.
Psychology and cryptocurrencies
If you don't have money to lose GO AWAY until you do. if she your mental health it is in a miserable condition GET AWAY. This game is very difficult and we will go through the pains to achieve something, nothing in this life will come easy.. The people who simply do not manage their money properly and make reckless moves will be faced with terror and fear.
I hope I helped you and you saw a different perspective on cryptocurrencies that you have a question you can write me below in the comments and follow me on Twitter and Instagram.
