How do you deal with the bear market?
When looking at the different charts of tokens an coins, it's quite safe to say that we are in a bear market. Not everybody copes well with such a situation and we would like to know how it is for you:
How do you deal with the bear market. Do you behave differently than when things went up in price?
Please write your answer as a comment below this post.
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tbh, I'm not quite into doing something whether in bear or bull. because it depends on my situation.
Is it bear for a moment and in very high times? Like DOGE before... sold all of my DOGE assets no matter how many it is 🤣(Didn't wait for the climax of bear)
^Got around $100+ from leftovers
No matter how bull or bear the tokens. if I need the money for daily necessities, I'll sell it 🤷♂️
Bearish and I still need to buy that token more = buy less quantity than before
Example:
Workerbee went up while LENM stay still = Bought 2 LENM and 1 Workerbee as I need to get more two of that token for my investment goals 🤔wait for workerbee stop bearish to see the calculation of "what next I need to buy"
It's good not to be affected too much by the markets and go on accumulating according to your needs and goals!
imo, It's never-ending if we follow what the market says to do because it always changes. I remember someone ever said this:
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Hmm I dont know,
Maybe I'm missing some trends and good profits
but I've been a long term holder for years.. 🤠
From experience I know that trying to jump on every trend can be stressful and tiring. Holding stuff no matter what, is much more efficient in terms of personal well being and I believe also in financial terms :-)
Yes, u can catch the down charts and make some money
but u can also catch the wrong charts and lose some money.
So i chose the More convenient way and see what happen in a year! 😅
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Personally in bear markets is when I am more active, work more and invest more. I definitely believe that this is the time when money is made. When the markets are bullish I am more accommodating and withdraw my profits by buying Fiat or tangible goods.
When markets are down, especially on hive, a lot of people stop being active. That's when the remaining people can build their stake. It's a good idea to be active in these situations.
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I kind of treat the bear market the same as the bull market. It is what it is and I'm going to have to make my usual transactions anyway. I just keep calm and don't let it affect me. Maybe it isn't so bad, or I'm just not noticing that is is!
Doing business as usual without looking too much at prices is a very sound way of doing things I believe. Less stressful, less emotions and more efficient :-)
Yes, don't they say to keep emotion out of it? The only price I do check daily is DEC because I'm holding some saving for later for another project. My non crypto friend even asked my why didn't I sell when I saw it was going down. Tisk tisk That's not the move.
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I’m personally just seeing this as an opportunity to buy or earn good coins/tokens at a discount.
That's true, when markets go down, there are some tokens that offer nice entry prices.
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I used to chase trends. Now, I am more of a diamond hands hodlr. I'm probably missing out.
Being a diamond hands hodler can be a good thing... But, it does depend on an asset sometimes... :) My hands are sealed for 2-3 coins for years... For some others, not that much... :)
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I don’t do short-term investments, so I don’t mind a downturn. I try to use them to build up my current holdings. When you enter a bear market I feel like it’s important to remember that you haven’t actually lost anything until you sell your assets. 1 Hive is still worth 1 Hive.
That's a healthy mindset... As Achim said in another reply, the bear markets are ideal for accumulation... Especially here on HIVE as a lot of people stop with content creation, and there is more space for those that are persistent!
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I group similar coins and treat them as one coin. For example atom and polkadot, xtz and theta, Sol and LTC. Depends on how deep the other one go down, I would transfer the higher priced one to the lower priced one. On bear markets my goal would be to get more coins.so when the pump begins I would have more coins to sell. It has its drewbacks of course but so far I had been able to achieve my targets.
Wow! That's an interesting strategy! I have never heard that someone do it like that... I mean, I do similar stuff by buying coins "in red", but pairing different coins is indeed an intriguing tactic...
I'm happy to hear that it works well for you!
This is only for a bear market strategy. You can't do anything when the market is bearish so go for where you get the biggest bang for your buck.
I wrote an article about this if you're interested. Just look up one of my articles entitled Rubber Band Strategy.
I will check it out! Thanks!
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I probably play a bit more in an up market and hid my head in the sand in a bear market.
Generally right now everything is going into Splinterlands cards to be competitive in that space. A fair portion is in Gold Foil cards to allow for renting out when taking a break(vacation, etc.)
It's not easy to be brave in bear markets... And regarding Splinterlands, I have a similar view as you... IMO, gold foiled cards will never drop in value that much as regular ones... Yes, they are more expensive, but on the other side, the investment is less volatile...
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Thanks for the credits. That gets me started.
In preparation I sell pretty much everything volatile I don't have time to be involved with regularly. I use stable coins as everyone else. I expect to be able to pick up some bargains when there will be blood in the market.
Yeah, it's all about preparation... I regret that I didn't sell more coins 2-3 months ago and picked up more at this moment... :)
So, you think that we didn't hit the rock bottom? :)
Back then I still thought we might have a push towards the year end. Although when bitcoin failed to convincingly blow the previous ATH away, it was pretty clear to me. I just didn't take action. Too focused on Splinterlands I guess.
Nope. That doesn't exclude a prolonged bull market before everything pops. Lately what few people expect/express on the short term, that's what happens.
Hmmm... it depends on what we consider as a "short term"... In October almost everyone was calling out BTC at least 100K and that didn't happen... Somehow, I have a feeling that now everyone is yelling bear market and 30K, and for me, it smells like the markets will do the opposite (I wish 😂)
Will see very soon... :)
Yep, that's why I'm in no rush to move funds from volatile LPs into stable coin ones yet. Just building some stable coin holdings from rewards.
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I don't plan to change anything due to the bearish price. After all, I am still building regardless and I am in more for the long term price rather than short term.
Posted Using LeoFinance Beta
Well, when you are in the accumulation zone then there is not too much to think about... Keep your head down and build! There is no difference between bulls and bears... ;)
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I'm really not very good at dealing with bear or bull markets, tbh. I'm very bad at selling. For example, I 15x'd my account when I got into crypto towards the end of 2017, and then I managed to ride it all the way down to a little less than I actually put in. On the plus side, I didn't sell at the bottom either so...I ended up riding it up again.
I'm basically just a HODLer. I'm looking out 5-10 years and I believe Bitcoin, Hive, Leo, and a few more will be many multiples higher than they are today.
So, in answer to your question: I basically ignore the markets. If they are truly down, I try to look for buying opportunities but for the most part I just ignore it all, keep my head down, and concentrate on curating on HIVE and LEO.
Posted Using LeoFinance Beta
There is nothing bad to be a HODLer! I can say for myself that I'm the same for some major coins that I accumulate... For some other, not that much :)
!PIZZA
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Honestly, my crypto investing philosophy is pretty simple. Find good projects that I think are worthwhile, buy, and HODL. I am in it long-term and not much of a trader so to me, bull or bear does not matter, talk to me in three years...
Hehehe... Well, I think that people who resonate like you usually profit the most... :) Those who are chasing the trends got lost, and lose money down the line...
I know a lot of people that do that and it seems that way...
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To be honest, I don't even bother with that. When we are in a bull trend then I occasionally watch values rise, but when we are in a bear trend I prefer not to watch :)
I will wait and maybe put some fiat in my crypto investments. I don't know if we are at the bottom yet, we will see.
That's the way I'm doing as well. The less I look at the prices the better I feel :-)
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I try not to act differently during the bear market but it is difficult not watching the prices and wondering if I have made the right decisions in the past to ensure that I outlast the downturn. I get real excited when the prices go up and don't like it when they go down but it is what it is.
During both of these, I try to keep my activities consistent in creating content, commenting and curation. This way my accumulation continues.
Everyone feels like you... lol... Don't worry about that... The only difference is how people react to that "feeling"... And you are doing great with continuing your work and accumulation...
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I've been a little too busy to react to the markets, most of my long term holding I'm holding through bear or bull markets. I have a little short term stuff that I may sit on for a while longer and wait for the next Bear cycle :D
You are doing it right... Bigger stake in long-term assets, and a small amount in a short term... ;)
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