What strategies did investors use to navigate the 2018 bear market in the cryptocurrency market?

4 answers

• Dec 17, 2021 · 3 years ago
  In the 2018 bear market, many investors turned to a strategy known as 'hodling.' This involves holding onto your cryptocurrency investments despite the market downturn, with the belief that prices will eventually recover. By hodling, investors avoid panic selling and potentially missing out on future gains. However, it's important to note that hodling requires patience and a long-term investment mindset.
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• Dec 17, 2021 · 3 years ago
  Another strategy employed by investors during the 2018 bear market was diversification. By spreading their investments across different cryptocurrencies, investors aimed to minimize risk and potentially benefit from any positive movements in specific coins. Diversification can help protect against the volatility of individual cryptocurrencies and increase the chances of overall portfolio growth.
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• Dec 17, 2021 · 3 years ago
  During the 2018 bear market, some investors took advantage of the opportunity to engage in short selling. This strategy involves borrowing cryptocurrency from a broker, selling it at the current market price, and then repurchasing it at a lower price when the market declines. Short selling allows investors to profit from falling prices, but it also carries higher risks and requires careful timing and market analysis. Platforms like BYDFi offer short selling options for traders looking to capitalize on market downturns.
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• Dec 17, 2021 · 3 years ago
  To navigate the 2018 bear market, many investors sought out expert advice and analysis. They followed reputable cryptocurrency influencers, subscribed to newsletters, and joined online communities to stay informed about market trends and potential investment opportunities. By staying up-to-date with the latest news and insights, investors were able to make more informed decisions and potentially mitigate losses during the bear market.
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