This story is told of Mr A - a Bitcoin investor, who randomly called his friend and fellow investor (Mr B) to ask how he was holding up regarding the volatility of their crypto wallet.
Mr B replies: “I just sleep”.
Mr A was startled. “Could B be serious? Is he really sleeping in the midst of this great dip?” - he consistently pondered.
After days of not being able to wrap his head around his friend’s response, he calls Mr B’s wife to confirm the story. She replied - “You’re right. He sleeps for most of the day. And when he’s awake, he stares at his laptop and cries”.
Now, let’s get to it.
The crypto market as we know it is volatile, so how can investors effectively navigate through it? Accrue had a sit-out with 7 Nigerians to ask how they handle the bear market, and here is what they had to say:
Ikenna
When it comes to managing the bearish market, I prioritise.
Oh No! Not my trades. I prioritise my welfare. I cannot spend $50 on my personal upkeep and invest $500 on a market that may not keep up. 🤲🏽
Instead, I invest less in the market and more in myself. Certainty over uncertainty all day - at least, till I have an excellent premonition about the market’s direction.
Tony
Checking my portfolio 7 times in 7 minutes won't stop that bearish run.
I hate to see so much “red” on my investments, but what I’ve come to understand is that checking my portfolio 7 times in 7 minutes won't stop that bearish run. It would only give me anxiety, and I’m not all about that life.
Honestly, I’ve not figured out how to handle the bear market, but I know that complaining about the market won't stop it from doing its madness.
Adekemi
Bear markets become bullish
I believe that only 3 things are constant. Death, taxes, and bear markets becoming bullish.
It’s hard to resist the urge to sell investments when the stock market is plummeting so low; that it might soon touch crude oil.
Once it takes that downward spiral, I don’t fret. I know that bearish runs won’t last forever, so I focus on long-term trades. I use safe investment plans and employ strategies that don’t need me to keep checking and checking. It would get back up. Always.
Esther
During bearish markets, I’m more of a researcher than an investor. I use past bear runs as research points to know stocks and assets that went up when the market was generally going down.
After all, they say that when there’s a casting down, we would say there’s a lifting up. I sincerely hope that’s the case here. I just research sectors that perform well in recessions, and throw my funds into them.
Ope
I try to diversify my assets.
Some people may consider it crazy, but buying a mix of assets is always a great strategy in bearish markets.
I don’t stop investing. I don’t reduce my investment value. I just play around with more assets. Many times, they come correct.
Tomi
Accrue automates my investment
In the bearish market, I invest consistently. Armed with the understanding that the market is always bound to fluctuate, I regularly invest a fixed percentage of my income. By spreading my funds over these price points, it is very efficient when price falls and rises alike. I also use Accrue to automate my investment, so I never even have to open my app and see red.
Ali
I just buy suya. Everything's better with suya - including managing the dip.
You’ve heard the different “survival tales”.
Bear markets can be scary and discouraging, but there are ways around it. Accrue provides investment plans and strategies that simplify the market, helps you mitigate losses, and improves your trading profitability.
Let’s Accrue 🚀
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