CryptoCurrency (Market Sentiments)
Many people now have been strugling in their cryptocurrency's investment because of this cycle BearMarket has brought to many. But the 2 main questions are: How are we able to gain back what we lost?And are we still able to recover from all of the losses?
Well as what I have observed and learned from pro trader who have been trading for decades in both stocks and cryptos this cycle will not be permanent. They say,what goes up will eventually goes down and what goes down will definitely goes up. Thats what happen recently, from BullMarket (bullrun) goes down to BearMarket which is currently happening now.
First: How will we able to gain back what we lost?
Answer: More than any other time,while others are afraid now is the best time to make a good entry.
"Wait,what?Im going to put another money to crypto and with this on going cycle?!"
Answer: Well,my answer is "Yes". As what I have said,what goes down will definitely goes up and when it goes up. Voila,your profit awaits!
But wait,it doesnt mean that you are just going to go,deposit and buy any crypto/Token that may and will catches your eye.
Certain things you must consider while making an entry in BearMarket cycle.
*Choose a Project with good and strong Fundamentals
- dont just hop in to project without further knowledge about its fundamentals. It is very important to make a research as if the projects will stay or last long even when the storm comes(e.g Bearmarket)
- core team profile,knowing whos behind the project will give you an assurance. Their objects,roadmaps etc.
- development,knows if that project is still staying in course. Giving and posting updates in social medias like twitter,discord etc.,following their roadmaps and on going partnership.
* Choose a project with low Marketcap
- others may have not consider this one. But as for me if you want to gain a hundred times when bullmarket arrives again,choosing a token with low marketcap will definitely give you a huge profit. Other pro trader as well is considering this as they are accumulating and preparing for the upcoming Bullrun.
*Total Supply and Circulating Supply must be considered.
-I may not need to explain it any further as why as total supply must be consideres as we all know,lesser supply will raise its value.
*Projects/Token that are on trends.
-NFTs and blockchains are now on trends.
Im pretty much sure they are still so many things needed to be considered when finding a gem but I only quote those I think are of easy to spot with but will give you an assurance that your money will be safe and your profit will be assure in the future.
Second question is:
And are we still able to recover from all of the losses?
Answer: Definitely YES!
All you have to do is hold your horses(portfolio 😁) and do not be swayed by market sentiments. If you decide to cutloss now and market will suddenly goes up,you will lose your chance in recovering your losses. Unrealize losses and profit will not be realized unless you sell. CryptoMarket has the most volatile market in all areas in the field of trading and investment.But it also gives the most profitable according to most of the pro traders if one will be able to manage and ride well with how the market goes.
P.S Im not a protrader,I only gain ideas and learnings by following and watching vlogs in pro traders. I also taking into consideration in all of my 3year experience in Crypto. But no matter how good you are,one cannot be exempted in the cruelty of Bearmarket brings. We just need to focus,replan,hold most especially not be swayed by our emotions and FUD. We make our own profits,we need to manage our own losses.
Just remember:What goes down will definitely goes up. When?Doesnt matter,just wait and accumulate more if you can,you will eventually ripe those sweet profits you have been waiting for.