It is very important to stay calm in times when the market is in Bear or Bull, because only then can we take advantage of either situation and increase investment in Bitcoin Cash.
Calmness helps to analyze the market and understand what opportunities the market opens and take advantage of each moment in a positive way and not let the rush decide and damage the finances and for that, some steps are necessary for this to happen:
Always keep calm and stay focused
One of the good things in the crypto market is to realize that keeping calm everything can happen and make the focus both in times of low market (Bear) or in times of bull (Bull) leads to ensuring that the pocket is always present and with openness to maintain the necessary balance for a healthy portfolio. When you lose your control it is already half way done for the destruction or liquidation of the portfolio in a desperate way, remember to stay focused on your investments.
Manage your risks
A lot of people have a tendency to invest in the market with borrowed money or money from rent payments or even school fees, this is wrong, because the market works in a very volatile way and the investor could end up losing all his money, so never invest all your money and if you want to invest do it with money not borrowed and just put what you are willing to lose.
Invest in long periods of time
We often see people complaining because they lost money because they invested as a 'day trader' and the market went into a bear making them lose a significant part of their asset portfolio, which is in a wrong way, because the day traders understand the risks of the market and has considerable baggage to manage it. If you are not a pro in trading it is better to invest in the long term and rest assured seeing the assets gaining value in that period of time.
Invest in a diversified way
In the business world it is always good to have a somewhat diverse portfolio, from stable currencies such as fiat money, investment in company stocks, real estate or even arranging a remunerative activity to help maintain the portfolio in times of 'bear' market without having to touch it.
A diversified portfolio helps to maintain balance in financial sheet and ensures that there is always some maneuver in times of 'bear' and also gives 'buy power' to continue to increase the portfolio.
Don't fall for scams
In times like bear there are a lot of people who fall into scams, because their lack of dexterity and calm corrupts the mind and in their intention to want to make more money ends up falling into the tricks of scammers who are always waiting for people who are not alerted about online scams:
Anything that promises above-average earnings in record time, best to stay away from it, because it can be a tremendous blow and will definitely steal money from investors.
There are a lot of crazy people who are interested in stealing someone else's money, stay alert.
Always be responsible
'Your actions determine your character' and you alone are responsible for them. Every investment carried out has its consequences so be prepared to pay for them and never blame others for your actions. Responsibility is a sign of growth.
Buy more Bitcoin Cash and increase the portfolio
Bitcoin Cash is the future of digital programmable money, it's a better Bitcoin for the humanity and having it ensures that anyone in the world can benefit for what Satoshi Nakamoto wanted to the people:
'A better financial decentralized system for human kind' a particular Bank for everyone where no one else can define when and where the owner can send their funds, each one is free to do what they want with their money.
Bitcoin Cash is the future in the Decentralized world, the money that no government can interfere in it's usage, a real concept of digital cash, the robust blockchain that keep the fundamentals behind and also give the planet what it's really an amazing option to fiat money, the smart money.
Holding and using Bitcoin Cash is very important us the world evolves to a bright future and the BCH network soon will be the center of many Decentralized finances with the SmartBCH where platforms of the DeFi world will come into the network opening a new era in the global economy, all of that paying lower fees, the ingredient for mass adoption.
When I see the market like this opening to grab more of this jewel at discounted price I know that is time to get more and put my bag heavy, because I believe that soon no more 'discounts' will be available to increase my portfolio. The time is now and the ones who grab it surely gonna secure the future.
BCH is a worldwide accepted currency by merchants (I bet to say, the largest one) and that is a 'plate' to the world to delight paying lower fees, with fast transactions also on a secure ecosystem.
Buy more when you still can!
P.s: not a financial advice, always DYOR
All the point is cool and every investor or trader should realized this some point badly.. And decentralization? I do not know what will be happen near future but if you want to really enjoy the decentralization world then nothing is above than privacy coin.. As well all the coin now regulated by whale and gonna be soon control by govt as in govt there has tendency to make crypto centralized .. Even USA are now into this step already ..