How does it feel selling your coin during the bear market

in LeoFinance2 years ago

The bear market isn't looking friendly at all as heavy dip keeps on going deep which doesn't look nice to sell at the moment. Crypto is down likewise prices too are down and this downfall of prices is really disturbing and frustrating for some individuals that don't have the mindset to risk during the bear market.

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This however at the moment have really affects a lot of plans that needs to be solved with Investments done in Crypto but as the bear market is affecting the Investments made, profits seems to be going down as interest applied is losing it value as well and this isn't looking good at all.

Cryptocurrency showcases two market prices that we know is not a surprise in crypto, Which is the inflation and deflation of price or better still known as the bear and bull market in Crypto where both can be favourable but depends on the situations whether it is profitable or not.

It feels great when utilizing the crypto market especially when withdrawing or cashing out profits been made from little Investments which also implies in utilizing the bear market when heavy dip is trending to accumulate or Invest more coins for more profits when the bull market later takes over.

Despite this pretty move the Crypto prices have it advantage and disadvantages sometimes that we can't predict when such prices will occur and experiencing it when not needed affects plans a lot. Imagine selling your coins at a very low rate to solve issues because of the bear market and doing this might be of no choice because problems needs to be solved which is why investment is really necessary and important for emergency situations.

Taking such action at a point that is not suppose to be done by selling in low price is frustrating but how does it feel doing so because that actually is an investment running into loss. The aim of been in Crypto is to make profits from it and also to acquire success financially which is a nice goal and achievement to accomplish.

But with that been said challenges is likely to occur which as humans we can't escape it because it all happens in different forms and the bear market I believe is a perfect example in Crypto. The bear market as been said is a good example of experiencing challenges in Crypto which now depend on your faith in the next move to take whether utilizing it is the best option or cashing out is preferable which I believe is a personal choice to take.

Nobody wants to run into losses but how does it feel selling during the bear market is it a right step to take or not I will like to hear you guys opinion as well.

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fool.com says: If you're worried that cryptocurrency prices will continue sinking, it may seem wise to sell your investments now and salvage whatever you can. However, that can sometimes be a risky move. Nobody can say for sure what will happen with the crypto market. Prices could plummet even further or rebound soon.

It all requires taking the right decisions in Crypto

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It is not advisable to sell you liquidity during this time

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It's definitely not advisable but to save up

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Yeah tho. This is the best time for those that have the abilities to get more

Your right on that

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Yeah Yeah

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I don't feel like doing anything right now but for someone who rely on some crypto as additional source of income, I just close my eyes and convert to fiat whenever the need arises.

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It happens just to solve issues that occurs

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Indeed. Still hoping I can add more than what I earn in hive.

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It's a preferred and good choice

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