 | By now, you should know that bear markets are massive opportunities that the god or whatever higher beings have for us. I have seen people complaining that this bear market seems to be very long and boring. However though... Bear Markets are not forever Those who persist and persevere will yield its rewards. Block out the unnecessary noises and focus on your lane! To give you an idea of the duration of bear markets so far: 2015: 633 days 2018: 261 days 2020: 260 days So, keep your eyes on the road and think the bigger picture! Core Values take precedence over (temporary) trends Prioritize enduring foundations over temporary buzz, which could be translated into the following: Traditional fundraising > ICOs Tokenized real estate > NFTs Reliable protocols > quick-profit schemes True financial independence > mere high ROI. Minimize damage as soon as possible This includes realizing your profits swiftly and curtail losses promptly to ensure your earnings are optimal while reducing vulnerabilities. The last thing you want is to be among those who witness their 20x profits turn to -50%... Do not get swayed by sensational stories and buzz on social media "Last chance to buy X at this price!", "Unstoppable rally!!§$!", "Bitcoin's demise", "Grab x now or regret later", "Crypto is finished"... Tune into voices with a credible history and tailor your Twitter feed to feature them. However, always DYOR. Do not DCA prematurely Can you imagine if you caught the knife fall from 69k all the way to 15k? That would not have been quite a smart move. Though you are dca-ing, you still need to learn when is the right time to buy, which can be learned from understanding basic macro metrics. It is okay to hold a little longer in a bull market During a bull market, money is entering the ecosystem and when that happens, assets are likely to appreciate in price. These money is akin to water giving the plants (assets) life and as a result, they grow. Learn and comprehend your mindset It is important to keep your emotions in check while maintaining your discipline. That is key. Dodge FOMO and panic sales just because your emotions get the better of you. Keep your goal in your head, always. [link] [comments] |
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