How do you manage your emotions during a Bear Market?
That's an interesting question people ask about Cryptocurrency and it's worth bringing that question up here.
What do you say? How do you handle that?
How do you manage your emotions during a Bear Market?
That's an interesting question people ask about Cryptocurrency and it's worth bringing that question up here.
What do you say? How do you handle that?
That's an interesting question indeed. I don't know how but thinking we are here for the long run kind of helps :)
Yeah. That's one of the things that keeps us going. I also build long-term so I'm not too bothered about what's happening now.
That's great to hear :) Keeping the eyes on the long term goal xD
After buying, I closed my eyes and act as if nothing as happened, if not I might be tempted to go back and pick my money again
Haha... I know of people who go to check their wallet every minute. That's an unhealthy approach to take and I've noticed it's too much of a headache to deal with.
Definitely, it will cause them lot of problems and on the other end, they might end up selling as a result of Undecisive during such project.
2/2. Developing a long-term strategy and maintaining a rational approach can help navigate the challenges of a Bear Market.
That's true. I've also made a case for this because I believe being in Crypto is a Long term approach. People that go into it for a long-term will find it easier to go through the Bear Market
As a bear I am still waiting for the dip.
Haha... That's hilarious.
A lot of people are already saying they are tired of this Bear Market. Lol. I need 2024 to be a year of Bull Run.
To manage emotions during the Bear Market, It's crucial to stay informed, diversify your investments, set realistic goals, and avoid making impulsive decisions based on short-term market fluctuations. .
That's true. Going through a Bear Market is a tough time for Crypto enthusiasts. Many people struggle to survive it. Others FOMO and sell at a low price.
I believe people that can’t control their emotion shouldn’t go into crypto but a way to control your emotion on the bear market is to find a hobby that keeps your mind of the market
Something that keeps you in the read world
You just need to "grin and bear it" LOL
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