Crypto is more than just buying the dip
Bearish market is not hard but can be very hard depends on how you handle the situation and for those of us that has not experienced a long bearish season before just know their is a part of crypto that can kill your spirit and change your perspective towards the coin you are currently holding.
Their this believe in crypto that everything that goes down will come up and Visa-Visa, that's not true for bad project in bearish season but for good projects like hive it will come back. what you will experience is different even good projects will keep dipping and might not show any forms of hope of coming back.
It's gonna be a lonely winter.
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Chilling with the beast
No matter the situation in life there's always a good side of it. The good side of a bearish market is simple and even a crypto noob knows this but comes with a huge risk.
Simply buy the dip
Seriously? yeah
If crypto is all about buying the dip I know we must have make more crypto millionaire in past years and not just gainers. People already know the importance of bitcoin but the population of people making good money out of it is small. Are you part of people that bought bitcoin at 6k and sold around 7k claiming they bought the dip.
Is it more than that?
Yes it is?
I have come to realize that what matters in crypto is the project you are investing your hard earned money into and not the market. Bearish market suppose to be an opportunity to buy more because the price of the coin might be low compare to before.
Most bitcoin billionaires and hive large stake owners are those that believe in the project not those that are trying to take advantage. To maximize your crypto earnings you must choose a project and do your own research before investing in it and build a life for yourself.
Crypto market are there to push you out of the train that has already taken off, you can only get to the promised land if you believe in the project.
Another bearish season is coming, #DYOR is important and invest as you see fit
Thanks for your time.
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There are alternatives to just buying the dip. Stable coin staking is one of the safest ones if you believe the bear market is gonna last a longer time. There are some really good ~20% APR out there, HBD being one of them.
Also some high yield staking could offer some protection, it just depends on how you look at it.
You are right and I believe in stable too but hbd will be a nice idea to save now and buy back during the bear market
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Even newbies on Hive don't know what a bearish situation feels like. I hope we don't see those crazy bear, but just enough dips for us to actually buy back and all that.
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That's what I'm expecting, the dip for us to buy back and not this mad bearish like 2018 own
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I think buying the dip only applies to those you think will recover. A lot of projects do end up failing and I don't know if there will be a bear market.
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Bear is definitely coming but I don't think it will be tough this time around because we many defi project that sustain us to see this through
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I have always seen investing in money as very risky. Currency seems to fluctuate wildly. The US Dollar for instance keeps losing value decade after decade because it is an inflationary system like Hive, the US Dollar does not give returns. What are we looking at a couple of years down the road, $25 for a loaf of bread and $30 for a gallon of gasoline?
I have actually received more value in Hive and HBD than I ever did from the US Dollar.