To preserve My Bitcoin Cash: Things I do wHen is Bear Market!
The market is in free fall and for many, a time of despair and lamentation! This season that is poorly managed leads to madness where, instead of preserving Bitcoin Cash, people prefer to invest more and more in coins that the various influencers promote on their Twitter accounts, for example, not realizing that that moment is of extreme caution. Instead of spending Bitcoin Cash (money) on these 'get quick schemes' why not use Bitcoin Cash to do things that will actually preserve it?
Understand!
The bear market does not happen today, it comes from the creation of cryptocurrencies, it is part of the ecosystem and it has been proven several times that those who have the patience to hold are the best winners in this war. The projects promoted by influencer figures are a 'crap' if I may say so, because their purpose will be to extort as much as possible from investors and then disappear, so there is no desperation. If you can't stand the Bear market and you're seeing the portfolio disappearing from your hands, convert a part into reliable stablecoins that are truly backed by real value, like FlexUsd or others previously studied or researched.
Other ways to pass the bear market
Don't invest with emotion and be a potential victim of scammers! Invest more in yourself, exactly, the crypto market is very demanding and sometimes we even forget how healthy it is to hang out, hang out with friends and family and spend quality afternoons talking to women and children! Many who work in the crypto market have more preponderance of committing nonsense in bear market periods, investing using emotion and not calculating and knowing mind.
Turn off your mobile devices, avoid getting in twitter or other social platforms that always talk about crypto, watch a good movie! Do gardening at home, occupying your mind with healthy things and forget about the cryptocurrency market for a few days. Have a quality life, that life that many forgot to live, money is very good, but the best thing is to live life with those we love and we don't have time to tell them that because of the market!
Preserve Bitcoin Cash in ways that when the market recovers you still have the same amount in number, of course the crypto crash is painful but it is worth having the same number of BCH saved than losing it in very dubious trades that promise to 'get rich quick' because that does not exist! All work requires sacrifice.
I personally do this and it is during this period that I see how important it is to spend quality time with my family, the crypto market is quite stressful and when I have time I prefer to spend it with my loved ones and rediscover the wonders of life. Traveling, leaving home, going to a distant location and enjoying the atmosphere in the smoke-free and noise-free countryside of the city. It is essential for the human mind to have rest and come back big and with clear ideas of what it intends to do in the subsequent time.
Disclaimer: Live life while you can, the bear market is fleeting but it will take time to stabilize! Avoid having a heart attack or making dubious investments that could lead to losing all the Bitcoin Cash you've accumulated so far! Spend the best days of life with friends, family and loved ones, also remember: This isn't a financial advice & always DYOR!
Find me on Telegram, noise.cash & Twitter!
I think learning how to trade too should also be one of them.