submitted by /u/partymsl
Surviving a bear market is not easy and to actually survive it we all needed different kind of motivations. Some still stayed because they actually believed in Crypto no matter the bear market, others stayed to buy in low and some (probably the majority) just stayed here because they were in losses and did not want to sell on losses.
I believe that everyone here will have their story of why they stayed and did not paper-hand like many others did. The fact at the end of the day is that we did actually stay and endure one of the greatest bear markets Crypto has ever seen. Already last year in November this bear market happened to be the second-longest one and with a 70% drawdown it was nothing too small.
Unrealized Losses of this bear market in red, Chart by analyst James V. Straten
Now we may finally be on the other side, even if it is still debatable whether this bear market is over. But numerous indicators and also just the simple sentiment seem to indicate that at least for now the bear market is over and we are already having the starting of a bull market or maybe just a smaller rally.
Now let‘s imagine that a bull market is actually going to happen pretty soon, this year or the next one. We will basically be seen as some old warriors in that bull market, as the few people who choose to stay and look the at the red candles instead of leaving and chilling their lives. Maybe that would have been less stressful but at the end we got rewarded for that stress and panic we had sometimes, with one of the lowest prices to DCA or just accumulate.
I personally just can not wait to talk about our success stories of the bear market to some newcomers during the next bull market and more than that to guide them and teach our lessons that we learned this bear market, from not trusting any Stablecoins with high yields that do not make sense to rather going for self-custody than on some centralized exchanges. I hope that many here will be ready to teach unexperienced people in the next bull market too, just as some other teached us during our first bull market.
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