Bear market protection
Currently, you can see the bear market in the existing crypto market. There is no view of the bull market. Every month, the cryptocurrency goes up a bit, then starts to go down again. This is what we can call the beginning of the bear market. I have no chance to see the bull market, but the bear market has become more dominant now. However, it is not possible to say when the bull market will start. If we look at the uptrend, we can see that the downtrend is more. The market uptrend is rising, but in the end it goes downtrend. You can see the long term trend of Bitcoin. Then, you can easily understand. The crypto market is bull and bear, depending on Bitcoin. Therefore, all traders and investors keep an eye on the state of Bitcoin.
Currently, I am afraid to enter the crypto market, because I do not know what the market is going to be in the future. If I have entry into the market, then if the market starts to go down. As a result, I will fall in the face of loss. So, if I want to enter the market, I have to understand and listen. Bear is circulating around the market, so we need to protect the bear market. So, we need to buy coins that can protect the bear market and rise to the top.
However, if you want to invest or trade in the crypto market in this situation, you have to take a risk. If you do not take risks, you will not be able to get awards easily. However, you must understand the many risks involved. You need to know all the information of crypto market. Know all the details of the coin on which to invest or trade. If you feel good about yourself, you can take risks and make a profit. But, if you see that you are losing money, you will sell it. Because, the bear market is currently in its infancy, so if you lose, it will be much harder to recover that loss.
But, if you have a lot of money, you can invest slowly in the long term. However, you will invest in those coins which have more use case of coins. Which has its own blockchain of coins.
However, now if you can participate in a good new project. Then, you can see the face of profit, ICO can. ICO means initial coin offering. Many good projects want to bring their own coin to market, then they sell their privately, they can participate there. However, if you like knowing all the information, then you will participate. There are risks involved.
However, as a bear market protection, you can fiat all your money. Or, you can convert all your cryptocurrencies into USD, USDT and USDC. The best decision for me is to fiat all the coins. Sometimes taking entry in the market. When you feel that the market has gone down a lot, and the market may be up, you can take a risk by entering the market.
Many large investors and traders are currently staying away from the market. Because, bear is circulating in all parts of the market. Wherever, the bull is seen, the bear comes and starts attacking. This attack will only subside when all investors and traders are located in the market. Hopefully, this year, the bull market will not be seen. I heard somewhere that the crypto market changes every two years. And this is what is going to happen.
At present, however, the coins of the blockchain gaming project are on the rise. As we all know, the blockchain gaming coin Axie Infinity shocked everyone. However, a lot of P2P games are being created day by day. However, everyone can pay a little attention to the coins of those projects. You can invest with risk. However, if the coin of those projects is up, you will sell it. If you are too greedy, you will lose everything.
But, now you can invest on Bitcoin and Ethereum. Because, these coins have many partnerships. As a result, investing in these coins will reduce your risk of losing capital. Bitcoin and Ethereum are currently dominating the market. As a result, the demand for these two coin is huge.
Currently, you can keep investing in Gold. Because, Gold's market is not volatile. However, with the crypto market crashing, investment in gold has increased. Because of the war in Russia vs Ukraine, many have invested in Gold.
Image source:https://unsplash.com/photos/_QG2C0q6J-s
Information source: