#BinanceSquare #XtremeGamer #BTC

WHAT DO YOU DO WHEN ITS A BEARISH MARKET ie WHEN THE MARKET IS BLEEDING?

As a trader you only have 2 choices you should know is this: Bear market is the best time to LEARN and BUY while Bull market is the best time to SELL and REST.

Many of us tend to become apprehensive and irrational when Crypto market is bearish or dumping, but I tell you it is a great opportunity to prepare to hold the bills horns Bullish coming. Bull markets can MAKE YOU MONEY, but bear markets will MAKE YOU RICH. This is because bear markets come with market corrections and price declines

1.Protect your holdings:

During a downturn in the market, you may be focused on HODLing your crypto, meaning it will spend long periods of time in the same wallet. It can be done by

* HODL your coins securely

* Self-custody: Take charge of your Private Keys

2. Beat FOMO with Dollar-Cost Averaging (Buy the dip with dollar cost average)

Investing in an asset because of FOMO is a bad idea at any time, not only when the market is pumping. But if you've already resolved to get involved with any given crypto project, using DCA is the best approach to mitigate your risks as you do it

3. If you are good in future trading, it is the best time to short, with caution of course.

4. Become an Expert - It's Time to Learn And most importantly, a bear market is a perfect time to increase your crypto knowledge without the buy-pressure, and gain valuable new insights by getting your head around the nitty gritty of crypto and blockchain. When things get moving again, you'll have an upper hand as you assess what's in front of you.

5. Get to Know Your Wallet by studying every crypto coin in your wallet, it's current and future values which includes but not limited to researching on its fundamental items.

6. Diversify your investments across different crypto assets with diligent research.

7. Control and manage your emotions

This might seem like a no-brainer, but managing your emotions during bear markets is not as easy as it sounds.

8. Lastly, INVEST ONLY WHAT YOU CAN AFFORD TO LOSE