In a bear market, if you focus on long-term holding of coins, what you need to do is reduce your positions and adjust the coin holding structure, resolutely abandon currencies that may not be able to survive the bear market, hold a large proportion of Bitcoin and Ethereum, and do not have any illusions about altcoins and air coins.
If you are firmly optimistic about the future of cryptocurrency and are prepared to hold on to your coins through the bear market, the prerequisite must be that you hold truly valuable, relatively risk-resistant coins that can survive the bull and bear markets. Holding on to altcoins in a bear market is not hoarding coins, but ignorance.
At the same time, it is also necessary to be clear that it is normal to incur book losses if you hold on to your coins in a bear market, but it also avoids the risk of being thrown off the bus. It has both advantages and disadvantages, and can be regarded as a middle-of-the-road strategy in a bear market, suitable for investors who usually have limited energy or little investment experience.
If you are a full-time investor, you can use quantitative or hedging strategies appropriately to own more coins and gradually reduce costs during the bear market. This is the best strategy in the bear market, but it requires high experience and ability of investors.
For long-term investors, they must be fully prepared to survive the long and painful bear market.
In addition, the bear market is mostly filled with negative energy and emotions. It is recommended that everyone pay less attention to meaningless fragmented information and only focus on those contents that truly have a profound impact on the field.
