Things That You Should Do During Bloody Market

We are all aware that the market is volatile and it will change anytime. We have bullish and bear season and we should learn to manage the risk of the two. We should not allow our emotions to control us to avoid unnecessary things.

Among the two seasons, the bear market is the pain in the ass. We will see red everywhere and our portfolio losing its profit and having a loss of more or less -50%. Hence, we need to know how to manage our portfolio if this time comes.

How do we survive in the bear market?

There are a lot of things to do during the bear market. It can give us a profit or forget the pain during the dip.

Grind and earn more

If you are relying on your earnings from different platforms for your investment, then you should do the same as what I am doing. If you are not aware, you can get more crypto when the market is in bloody mode. It is like you are buying in the lower point of the market. Remember, the buy low, sell high principle.

For example, if you have earned $10 worth of Coin A and its price is $200 per coin, then you will get 0.05 of Coin A. On the other hand, if you earned the same amount ($10) and the price is $500 per coin then you will only get 0.02 of Coin A. In this situation, you get more amount of Coin A when the market is on a dip.

There is a lot of platforms out there to earn cryptocurrency through blogging such as;

• read.cash

• Hive

• Publish0x

Never look on your portfolio

This one needs your common sense. If you want a peaceful mind and do not want to be stressed, then not looking at your portfolio will be a great help. In times of calamity, you can ignore it and never be stressed. You need to have diamond hands and never let your fear conquer you.

Not unless you are not confident in your investment. If you invested on shit coins, then you really need to be afraid...never invest in shit and meme coins.

To let the time pass, you can connect yourself with your family and friends instead of thinking about your investment. In this case, you are giving yourself time and making your bond stronger with your family. 

Open a short position

Frankly, this is risky because you will never know what will happen on the market. You could be wrong in your analysis...even a professional makes a mistake. Sometimes, technical analysis does not work. Even a single tweet can change everything on the market.

On the other hand, since the market is continuously falling, why not take an advantage, right? Instead of crying on your portfolio you can get a profit from it by opening a short position.

Just be aware that trading with leverage is too risky. You can also trade your held asset such as Bitcoin without selling it into stable coin by using inverse perpetual trading which is really helpful if you do not want to sell anything. Just leverage trading.

Explore and learn new things

We usually have no time to study and explore new things when we are busy. Hence, you can spend your time studying instead of crying on your bloody portfolio. You can read about NFTs, play-to-earn games, DeFi, and look for other opportunities to earn.

You can also read some books for personal growth and financial magazines to improve yourself. Furthermore, interacting with your colleagues is also a fun way to spend your time.

In this case, you are not only reducing your stress but you are also developing yourself.

Enhance your skills

This is a part of exploring and learning new things. As time passes, you are improving yourself and enhancing your skills.

One reason why you should enhance your skills is to give you more opportunity. For example, you can be a freelancer and apply for any position that suits your skill. By that, you can maximize your earnings that will help you on your investment and to yourself.

Conclusion

See? No need to worry during the bloody market. In fact, you can see more opportunity in that situation. Unless you invested on something that has no use-case.

An anonymous once said, rich people see an opportunity while poor people see a catastrophe.

Disclaimer: This is not financial advice.

Published: December 30, 2021