MultiversX Tracker is Live!

How to survive a bear market, according to Bear Grylls (not financial advice)

All Cryptocurrencies

by COINS NEWS 157 Views

Follow those steps for the best results:

- Take small steps, testing the bear in front of you with a small sum of money or your life savings, you decide.

- If you begin to see that the bear is waking up, close the limit orders slowly and spread your money over as many coins as possible. He will not be able to take down all of them.

- Never underestimate the bear! Make sure to always double check before you think that he is back to hibernating.

- Avoid trading unless you know your stuff as the bears needs to be handled with extreme caution.

- Keep your calm. The bear can sense your fear.

- Finding something to invest in is important to survive longer. You may have to rely on strange coins, which most of the time is disgusting.

- The Nigerian Prince might come and save you from the bear, but no miracles like that exist in real-life situations. You will end up with nothing if you accept the offer.

- Do not make impulsive decisions out of panic. View the situation logically, and take one small sum of money at a time.

- You will never know what to expect when stuck face to face with a bear. It will be normal to feel fear, it can keep you alive and push you to do what it takes to survive, like predicting the actions of the bear and timing the market by using leverage.

- It is very easy for anyone to panic when placed in a dire situation. As a result, you won’t be able to think straight and your trades may fail you.

- The best way to overcome this is to let your heart rate slow down, think of all the scenarios possible, and pray that you will not get liquidated. Maybe he will decide to go for the other brave(stupid) leverage traders.

- If you are ever lost with this market, do the opposite of what reddit says.

- Pray that the bull run comes and you still have money to invest.

This is it for now, have fun slaying the bear by following those advices.

submitted by /u/Natural_NoChemical
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments