<h1><center>Bear market FUD</center></h1>
<center>https://www.kiplinger.com/kipimages/pages/18284.jpg</center>
*What is a bear market?*
It is a time of selling. People don't know whether they should feel concerned or excited. Well, it is a time that causes people make decisions that they cannot undo. If you have been in the "game" and have few knowledge about it then you know that prices move fast, and if your not careful you can miss out or end up on top all because of the volatility these markets have.
Which market are we in, if you are not sure it is called a bear market. Don't worry if you have never heard of the term before because I will be explaining it later in this post in a little more detail.
Why do we call it a bear market? I am not sure, you might have to ask the crypto gods on that one, like why do we call FUD *fud*, or what does anything really mean, it is for another conversation. Once you are inside a market and are invested you are inside of it and I mean literally. Think of it as purchasing something from a store that has a no returns policy. If you don't want to lose your money then you have two options. One sell it for the same price you bought it for, or two sell it for a higher price you bought it for and make a profit. It is not a hard concept to grasp, profit is nice, return on investment is okay, but nobody wants to lose there money.
You are in the middle of everything and included into the bad and the ugly, which reflects on your decisions. Prices are falling well beyond a profit loss margin and you are deciding whether or not you should hold onto your investment or make a move. People that do hold on often will not regret it because the bear markets are usually temporary as the cryptocurrency space continues to prove over and over again.
It is definitely not the first bear market that has ever happened, and it definitely will not be the last.
Anyways the time continues to go on and all you are seeing is the red down signal each day and you begin to start overreacting ... https://media.giphy.com/media/cwbvB0MXZfnry/giphy.gif
*what is fud?*
I am glad you asked, but it really is not anything special. The term seems funny at first but it makes a lot of sense. **Fear**, **uncertainty**, and **doubt**.
Think about the times you have felt these emotions. You probably have felt these emotions and have not done anything about it, or maybe you have. That is it, what we call fud is really just a few words.
*Here are some things that you can do to defeat the bear market*
1. *Short selling* Even as a new investor there is a very easy way to make a profit when in a bear market. A term that you can use to your advantage in these times is *short sell*. Basically selling and buying back at a lower price. In order to do this you have to borrow shares from a platform or someone willing to participate in a short sell with you. For example you, the short seller, sells 100 steem to someone willing to hold them for you when the price is at $3.00 usd per steem. Then the price falls to $2.00 usd and you buy back the same 100 steem you sold at no extra cost, except you made a profit of 1x100. Many services in the crypto space already offer lending services where you can borrow cryptocurrency or borrow fiat for your collateral, such as https://www.saltlending.com/ , https://ethlend.io/en/ , or https://xcoins.io/client/login.
2. *Never invest the money you are willing to lose.* Save your college funds, and the money you need to get by if you are living independently. Calculate your own living expenses and plan accordingly, don't listen to the others around you when it comes to how much you should invest. Invest what is right for you and makes sense.
3. *Implement a sell-stop strategy*. If you didn't know you can set a stop-loss when trading basically meaning that you will not loose all of your money if the price does reach zero or close to nothing at all. Yes this is an exit strategy preparing for the worst if it were to happen, you should never go into an investment without preparing for a loss some way or another.
If you do not know how to set a stop-loss limit order on binance then the following instructions will show you how.
>A stop-limit order will be executed at a specified (or potentially better) price, after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better.
>Explanation of Terms:
>Stop price: When the current price reaches the given stop price, the stop-limit order is executed to buy or sell at the limit price or better.
>Limit price: The price (or potentially better) that the stop-limit order is executed at.
Quantity: The quantity to buy or sell in the stop-limit order.
Please note: A maximum of 2 stop-limit orders are allowed for each trading pair at any point in time.
>To show an Example:
>The last traded price of BNB is 0.000165 BTC, and the resistance is around 0.000169 BTC. If you think that the price will go higher after the price reaches the resistance, you can put a Stop-Limit order to automatically buy more BNB at the price of 0.000170 BTC. This way you won’t have to continuously watch market movements waiting for the price to reach your target price.
>Approach: Select “Stop-Limit” order, then specify the stop price to be 0.000170BTC and the limit price to be 0.000172BTC, with quantity as 10. Then click the button “Buy BNB” to submit the order.
https://support.binance.com/hc/article_attachments/115003954751/1.png
>To Query Existing Orders: Once orders are submitted, existing ‘stop-limit’ orders can be found and reviewed in “open orders”
https://support.binance.com/hc/article_attachments/115003954791/3.png
>When orders are executed or discarded, your stop-limit order history can be found in “My 24h Order History”
https://support.binance.com/hc/article_attachments/115003973252/2.png
4 . *Review your portfolio and make a decision* - To sell or not to sell, this is the question. Sift through and find the real gems and separate them from the fillings that you don't think are quality. Then don't be afraid to take out some profits as long as you are sure that you don't sell at the bottom. If you find it necessary consult a financial advisory.
5 . *Don't think that you will be able to predict the top and bottom* - You might be experienced or you might not, and you might buy the bottom and sell at the peak, you might make maximum profit or you might lose more than you should have because you waited too long. It is not possible to be perfect so expect to be almost perfect instead. Not even the pros can predict the tops and bottoms so just use the strategies you are already using.
6 . *patience is key* - How hard is it to hold off and not sell. It can be pretty difficult for you if you were in profit and you fear that you will lose that position. If you hold on tight https://media.giphy.com/media/xT5LMqdaksMSKJgBqg/giphy.gif
the bad dream might be over and you will be unscarred. I am not saying that you will get back to where you left off, but it will not be as bad as if you accidentally sold off all or some of your shares at the bottom.
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