Winners in the upcoming bull market are made during the current bear market when everything is on sale. They buy what they want at the bargain prices today in order to be able to cash out later after prices go up a lot.
If you bought during a bull market and find yourself in a bear market, there are 2 things you can do:
- HODL until the next bull market arrives and you regain what you lost and then some;
- Keep buying while things are on sale.
Either way, it's a matter of time before the bull market returns. Then you can take your profits.
Stack and buy during bear markets when everything is on sale. Sell excess from your stack or bag when the after bull market returns and prices go up. That's how profits are made. We need the bear to help us prepare for the bull.
Posted Using LeoFinance Beta
Hmm, I'd rather choose the easier way
and be a long term holder... 😅
That is what works for me since years..
I understand, and that's OK. What matters is that you're in a better position at the nect bull market than you were in the previous bull market. It's cyclical, like winter and summer: you know it will arrive, just be patient.
!PIZZA
Posted Using LeoFinance Beta
But I think it's true what you said
with strategy you can make some money at the right times
and it's not just gambling!
Whatever you have is whatever you have. If you can HODL long enough to wait for the cryptos to moon, great. If you can add by making buys when crypto is on sale, that's great too! What matters is knowing that you have options, and you will win later either way!
Posted Using LeoFinance Beta