Strategies for Bear Market Resilience and Bull Market Potential

Crypto winter is the time that is also known as the bear market and I am sure that many of us are aware of this. There are two cycles of the market including the bull cycle and the bearish cycle and of course, we all love to see more of the bull cycle in the market because that is the time when the prices reach to the sky. We also need to understand that no market can stay in a bull market because it is practically not possible. Any price that has gone up will come down after a certain period and the same applies to the entire market. Generally in the Crypto market, the bearish cycle is much longer than the bull cycle as I have seen in the past two bull market.

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We often hear or read somewhere in the market that do not invest in this market which you cannot afford to lose and it is because the market is volatile but I still know a lot of people who invest heavily in this market. They are taking some risk on the investment but I believe that diversification is important if you are sure of something or you are much more confident Also I believe that taking a risk is a better idea. some of my friends have invested a lot in Bitcoin in the last two years and this period is crypto winter time. They have invested only in Bitcoin because they believe its not going anywhere and even after a lot of turbulence in the market it is going to survive so when the cycle reverses then the prices are going to make an all-time high.

Bearsh market is the time to buy

I also share the same thought that a bearish market is the right time to build the portfolio and wait for the right opportunity so when the next cycle starts for the bull run then it is the time when we can book some profit. It is hard to find out the bottom for any coin including Bitcoin so whenever we see a significant price drop then I believe we can go ahead with the buy. this time when the prices are already low we can say that dollar cost averaging is a good option to go for because using this method we can continue to invest in something with discipline but whenever we see some bigger dump on prices then maybe an ad hoc purchase can be another good idea.

I am trying to invest in various coins and this is how I am trying to grow my portfolio. Hive is one of the biggest bets in the crypto market and along with this, I am also following a diversified approach. What I am doing is totally based upon my research and study of the market and in no way it is a piece of financial advice that you need to consider but yes I believe that now is the good time when we can continue to buy or if you are not part of the market then also it can be the good time to enter.

Market is unpredictable

No one in this market can predict exactly when we are going to see the market cycle reversal but yes some people anticipate that the year 2024 can be the time when prices will start to improve post Bitcoin halving event. Bitcoin halving is the event when rewards are cut by half and based on historical performance we have seen that post this change Bitcoin has shown a significant move in the market. This event is scheduled to happen in the next year and even if you go on to Google then you can see the exact number of days anytime you want to know. This way probably the next year 2024 can be a good year for the Bitcoin and crypto market.

If you believe in the technology and believe that Bitcoin is not going anywhere even if the market situation is not good then I think you should invest now but again the investment must be done with a long-term mindset else it is not recommended. You cannot expect significant returns in a year or so but if it happens then you are lucky enough However the right time window can be about three to four years at least like we usually do in the traditional market or even the bank deposits where we invest for a period of five to ten years.

Thank you

Posted Using LeoFinance Alpha