Need to Find More Ammo
For some reason I think this Bear market has been too comfortable so far and why I have a nagging feeling we are still going to be tested some more.
This as Bear markets goes has been a walk in the park and has just been too easy so far. I tend to agree with the various people saying that the bottom is not in and there is more pain to come.
Bitcoin back in January 2021 was at the $3K level and 18 months later in a Bear market we are over 20K. I am not sold on the idea we have hit the bottom and can still see a $10-$15K range ahead. This would really be something and allow for a perfect buying opportunity for those with any loose ammo lying around.
I hate to see my portfolio taking these hefty knocks but at least it is still growing due to staking and compounding. For this reason I am actually happy to see this happen as I selfishly would like to buy more cheap coins. This is going to be like the last chance saloon for the next 4 years and why not make the most of it.
Who knows if we will ever see Bitcoin back in the teens ever again as it has to start maturing and becoming less volatile at some point. Hopefully for all of us not too soon as these are prime growing opportunities. Dips are fine to accumulate, but this is no dip as it is a correction before we see the uptrend.
I have set myself some decent targets with various Crypto projects and this if it happens would make those a reality that much quicker. Bitcoin knocking 30% off it's current value will most likely drain another 30 ,40 or 50% from the alts current values which is rather harsh, but not so bad considering what it offers us.
I see the Bear market as total reset and like the Bull has it's extremes with it's all time highs we also need to see some decent lows. This is actually quire exciting unless you live off Crypto which is the risk unfortunately as good times are replaced with the lean times.
I am not the most patient person normally but have learned that there is no rush as the most worthwhile things in life take time. The idea of having serious wealth one day is still very much part of the plan and this is just the journey we are all on as there has to be ups and downs along the way. The sooner this happens the better but we shall wait and see if in fact this is going to play out like many think it will. I am happy either way, but would obviously like to see some lower prices.
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I'm inclined to agree, this sideways business is making me uneasy.
And as to this Hive Pump this just feels unreal.
I've been selling and my lower limit orders are all set.
Ready for the dip!
Just something doesn't feel quite right for some reason.
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Oh it's probably a pump and dump, just have to go with these things!
People thought it’d go back to normal levels last night too, we woke up to higher price. It’ll be interesting if that happens again.
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It seems to be levelling out again!
Yeah…basically me. The markets, not knowing where it’s going, having to stay prepared and ahead, having to calculate, to forecast, to take quick risks, hard decisions…..it’s all thrilling you know, and a mix of emotions lol….I guess you can never really know until you really fully live on crypto.
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Maybe, but also maybe not.
Each bear market, price drops all the way down to the previous cycle's high.
Which is 20ish-K Bitcoin and where we are now.
The bear market is just doing what it always does.
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Not necessarily as what do you call the $3K Bitcoin in 2021?
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Being mentally prepared and ready to see the market tank some more is the best place one can be. Perhaps you have out grown the place to feel the market movements ruffle you and seeing them as an opportunity makes the walk in the park even more interesting
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I wouldn't say outgrown, but definitely understand what is happening and makes the market easier to handle.
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I am not someone who lives off crypto of course. I have a day job and hold crypto assets so it is important for me to keep the crypto holdings away from my budget and home economics.
If I were to live off crypto, I guess I would have to say that I would need to take into account the well established trends over the last decade when it comes to partitioning my wealth and income.
You need to keep a store of living money in the bank or pocket while there is a bear market otherwise you won't be living easily, liquidating crypto in the dip.
In my mind, most long term business strategies include 5 year plans. With that in mind, then a long term strategy involving Bitcoin would be most successful!
I don't think I would call it a walk in the park, but I am far less impacted by it than I was the last one. I wouldn't say no impact though. There are certain things that I would love to be doing but I can't because my portfolio is down so much. That being said, I am still plugging along here, doing what I can to be ready for the next bull market.
I think that is all you can do and it doesn't seem that bad this time around. The experience of knowing and still achieving makes a massive difference.
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Yeah, for sure. It helps having survived it once already!
I agree when you write that this bear market so far has not been as heavy as past ones...I think Bitcoin will drop to $10,000
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