nulltxmark

5 Stages of a Bear Market

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
This has been an extremely painful bear market. Let's go over the 5 stages of a bear market:

1. Denial - You deny the idea that the bull run is over and keep HODLing.

2. Anger - You are angry at fellow traders for selling and at the price for dropping. You may rage quit and sell everything, not realizing you are selling at a low point.

3. Bargaining - You see a rise in price and FOMO kicks in. You may end up loading up on more bags, not realizing you are buying at a high point.

4. Depression - After seeing your investment drop close to 90% you can't help but feel depressed

5. Acceptance - You accept your losses, you accept the sideways market, and you realize the good old days are over... for now.