Being Calm During the Bear: The Beauty of an Anxiety-free Mind

Do not let the bear cause you anxiety

It’s difficult to look at the market lately because of the bear cycle. Moreover, the fact that we might need to wait for quite some time for the market to recover can be a depressing thought.

That said I hope none of my readers would misunderstand my words as I’m not trying to put down anyone. On the contrary, I wanted everyone to calm down and not allow anxiety to take over your mind. We might be experiencing a possibly long bear period but it shouldn’t be a cause for panic.

As everyone should know by now, the bearish cycle is just a phase of not only the cryptocurrency market but by the stock market as well. Being a phase means that it would eventually turn around and enters the opposite of the bear cycle which is the bull.

So yeah… do calm down and stop thinking whether to sell your cryptos or not. It’s not healthy and would just cause unnecessary anxiety and stress.

Of course I’m not telling anyone not to stress out while looking at our portfolios that were bleeding red as that would be unrealistic. But I do suggest that we stop looking at our portfolio too often. That’s because the more we look at it, the more depress we’ll feel.

So as to control our stress limit and not cause some veins to pop, I suggest limiting the checking of our portfolio to once a day and if possible to once in every few days.

This obviously will not magically make the red turn green or turn the bear into the bull. What it’ll do though is to help our taut mind to relax which is very important during a bear cycle. After all, a calm and relax mind would allow us to make better decisions than an anxious mind.

Disadvantages of an anxiety-riddled mind

Anxiety is very common among people and it’s not cause by the bear market alone so don’t go thinking that it’s the market’s fault that your feeling very anxious right now. The reason I’m writing this is to help people that’s feeling stress because of the unfavorable market condition by reminding them not to be too anxious and stressed out.

Now that’s out of the way, let’s start with the disadvantages of an anxiety-riddled mind and why we must always check our mental health in and out of trading.

It’s easy to make bad decisions when a person is anxious – Anxiety is a terrible thing, and being too anxious often lead to countless bad decisions. In the crypto-market bad decisions includes, selling your cryptocurrencies for a big loss during a bear market, and/or buying and investing in bad crypto-based assets, and falling for fad and scams to name a few.

Losing sleep because of anxiety – For serious cryptocurrency traders, losing sleep is a very normal thing. Which mean that it doesn’t really matter whether it’s a bear or a bull market as traders often lose sleep regardless of the cycle. That said the difference in mentality during a bear or a bull market does matter.

In a bull market, traders have a very positive mentality so even if they’re losing sleep, they’re still very happy, and when they do finally sleep they take that happiness with them, resulting in a better sleep. But during a bear market, traders could barely sleep as they’re always anxious to could recoup their losses due to the bad market. And when they finally sleep, their sleeps were always shallow and anxiety-filled which prevent them from having a proper rest.

Anxiety could cause premature aging – Yes, this is a thing. There are studies suggesting high anxiety could cause people to age faster. It has something to do with the length of the telomeres which the DNA at the end of the chromosomes. Apparently, the length of the telomeres is an indication of cellular aging which could be affected by high stress and anxiety.

Anxiety Disorders – If you think premature aging wasn’t that bad then you’re kind of right as there are worse things that could result from high anxiety. One of which are mental disorders called anxiety disorders. Anxiety disorders are disorders that could result from genetic defects, head trauma, but most commonly because of environmental stress. Environmental stress could be anything including but not limited to an unfavorable market.

Advantages of a calm, anxiety-free mind

Now that I’ve discussed the disadvantages of an anxiety-filled mind, I will now discuss the advantages of an anxiety-free mind. Let us begin.

An anxiety-free mind allows for better decision-making – As traders, one must always keep a calm mind. It’s no secret that people could make better decision when they’re calm and not panicking. In both the crypto-market and the stock market, FUD is often used as a weapon by those who wanted to manipulate the market but if one’s mind is calm and free or anxiety, FUD will have no effect.

People that are less calm tend to make decisions that they would later come to regret. How many times have you heard of people regretting how they should have waited a little longer before buying and selling? Even I made the mistake of selling some of my Bitcoin and Bitcoin Cash too early. If I waited for a few months more, I could have earned more. Honestly speaking, such stories are very common in the crypto-market and could even be said to be a common occurrence.

Being calm gives us bigger chance of surviving the bear market unscathed – The crypto-market can considered a waiting game. The more we wait, the greater our profit. If one is anxious all the time, there’s no way that he or she could survive the waiting game, and might end up losing money instead of earning it. One need to be very patient in the crypto-market and patience requires calmness.

One can spot opportunities better when one is calm – the crypto-market is full of opportunities but it’s easy to miss such opportunities if one’s mind if filled with anxiety. People that could remain calm despite the blood bath in the market are the ones that can spot opportunities that most people tend miss and most of the time they end up profiting greatly from it.

People that worry less tends to live longer – Everyone wanted to earn money in cryptocurrency trading and I’m no exception. But if one is always stressed out, the chance of him or her becoming ill would increase exponentially so even if one earn a lot of money from trading, one might just end up using all of them to pay for one’s hospital bills.

Closing Words

The reason I wrote this article is to remind my readers, as well as myself to always remain calm now that the market is performing more poorly. The reason being is that it’s during such times that most people make horrible decisions that they would later regret.

Aside from the aforementioned reason, I also want to motivate my readers even by a little bit. After all, a little motivation could go a long way for some people.

Another thing, I didn’t write this article to force everyone to hold to their cryptos. If you’re in great need of money then don’t hold back and sell. Money is supposed to be use in such occasions anyway and as I’ve mentioned earlier, thinking too much whether to sell or not is not healthy.

That is all for now. Stay calm and healthy and thank you for reading.

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My other articles: https://read.cash/@beastion