2018-8-17 19:37 |
The cryptocurrency market has been enduring a significant slump for some time now, taking us into some record lows in the process. While it's ongoing, a number of questions do emerge, like how long will the bearish trend continue? And to what depths will it drag down the overall market value? It's hard to tell at this time.
The ones to feel sorry for are certainly the investors in it for the short sell, but if you, like many others, are in it for the longer run, then there are some serious benefits of a bear market that we don't otherwise talk about.
While it's very easy for investors to get despondent over the downward trend, weathering it and taking advantage of the net positives, such as the ones mentioned here, will change your perspective on it.
You Separate the Wheat from the Chaff Crypto-WiseFor the cryptocurrency world, Twitter is almost a microcosm of the entirety of the market, with opinions being everywhere, especially divided when it comes to market performance. When it's on a bullish run upwards, it's optimistic and overtly ecstatic, but when it encounters issues and falls into the bearish trend, they can be truly hateful of the market.
What this means for prospective and new buyers? You've got formerly ‘skilled experts' switching from dispensing their sage advice to free-pouring bile regarding the market. Meanwhile, anyone that has previously written tweets that over-inflated the potential from investing are assiduously deleting these past comments to make sure nobody calls them out.
As a result, if it looks like anarchy on social media, newcomers are best served to look out their own window. You gain some perspective in seeing this circular drama play out, however, because whenever you see this sort of ‘panic' occur, you look for the level-headed ones, or the ones that give a more astute analysis of the situation.
By the end, you'll find out who you can trust, and you'll likely benefit from your choice in experts than if it were a bullish market.
Good Coins are Bruised, not Broken while Bad Coins Die on ImpactIf a bear market teaches you who your friends are, it also shows you what coins were meant to be, and which ones were too bad to last. Where Twitter and other social media outlets can separate the wheat from the chaff of those ‘experts' being hit with reality, then the market, in general, can help you see which coins to get behind.
It's arguable as well that if there are any coins that you knew from early on, had no prospects, there's a certain morbid pleasure in seeing them tank and subsequently die as a result of their poor system. This same schadenfreude proves true with ICOs as well, but while it may feel like time to get popcorn and watch the fraudulent coins burn, you'd need to take notes too.
Keeping an eye on which coins and ICOs are dying a death, you'd need to pay attention to those coins too strong to fail, as future investments, and various other coins and ICOs which may emerge from the ashes to scam investing generations as yet vested. As sure as there is another bull market, there will be more scams, and making sure you're aware of who's who in the marketplace, you can avoid them while capitalizing on the coins that withstood.
Gives you Time to Go Back to SchoolWhoever said you could cram for an exam when you have only a couple of hours obviously didn't factor in the cryptocurrency market as a possible exam, and it's a good thing. During a bull market, there's never enough time to actually make a strong observation of the various tools or occurrences on the market that prove essential for the future growth of your portfolio.
The same is certainly not true of this same education during a bearish turn. Where you're not confronted with the FOMO stress, and immediate gratification of investing in an upwardly moving market, there's all the incentive for patience and taking your time to positively assess the market and get yourself well and truly acclimated with how you intend to invest.
In this same time, you may manage to learn more about investment strategy, including how to leverage, improving your ability to give a technical analysis and even make solid predictions on whether a market reversal may happen.
The work and research done during a bearish turn will have 10 times the benefit when the market goes back to the bulls.
Bears Hibernate, and Bearish Markets AccumulateWhile the market has gone into a downturn, just because they're in red doesn't mean that building your portfolio should be put into suspension. For anyone that believes that a bullish turn is a matter of time instead of hope, a bearish market is when you buy in and get ready for it.
Contrary to what something when it comes to bearish markets, especially 2018, now is the time when investors consolidate what they have so far and develop their portfolios further, allowing you to maximize your ROI the moment the markets go bullish.
If you're one of those investors that have already bought in a big way, getting a cryptojob may be another way to bring in that cryptocoinage while not putting you at an exceptional amount of risk.
Bearish = Bird Watching, Downward Markets Allow you to Find New InterestsNow while the world of cryptocurrency can be one of the most febrile and exciting markets to get involved in, even Forex traders admit that being wired in 100% of the time can not only be tiring and boring, but mentally damaging, especially when you're completely emotionally invested.
One of the understated benefits of a market being bearish? No sudden reactions needed, and more time to think about what you, as an individual, need. The bearish trend allows you to get away from that one (or more) screen(s) and find yourself an outlet, like an old or new hobby.
Time slips away, and it moves far faster than we give it credit for doing, with that in mind that while Cryptocurrencies may have been in some existential danger in the past, they're not going anywhere anytime soon, and the same goes for the investment market that surrounds them.
You may have no power to directly shift the markets yourself, but you have more than enough power to change your own circumstances, so why not make them happier ones by investing time in yourself? The investment, educational, and personal decisions you make now, in the darkest depths of this bear market, could be some of the best decisions you will ever make.
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