Foundations Are Built In Bear Markets

Many people I talk to right now are in extreme fear. Fear of how they will pay bills, buying things on buy now pay later or IOUs or taking out loans hoping to be able to pay them back later. But bear markets are a normal trend and they are a clear slap in the face for many people while others look at them as a new opportunity to build a foundation for success for years to come.

The Clean Out

What's happening right now and I've written about in pervious posts is a clean out of all the hyped up trash that just wasn't sustainable.

• Crypto Acquisition
• Is crypto the issue or is it this?

These start to paint a picture of a major shift happening in crypto and really world economies as lower end or poorly created, scam systems are being dumped in droves and picked up by more stable robust platforms. This is allowing these companies to now expand bigger and faster than ever before during a bear market where many are struggling. What they did right was built a foundation for success in a bear market and then continues to fuel that with smart, calculated changes in the business during the bull rally. While others promised crazy 10% APRs these companies offered up less sexier alternatives of 3% or less. But you know what? They made it and are now the cream at the top!

Applying This To Yourself

The same thing that smart businesses like this do can also be applied to things you do yourself including timing! Right now is the time where you shouldn't be panic selling and instead almost panic buying into the platforms you researched and believe in. For example Hive my value of hive is back to around $30,000 but during the peak of the last rally my Hive held around $150,000 in value. That means right now I have a chance to build and stack like crazy and prepare a solid base point to not only live off the income generated in a bear market but to thrive during a bull market!

Thinking in Units Instead of Dollars

Yes, dollars are units but in the game of crypto they actully are simply a representation of possible cash out. Instead with crypto focus on the projects you like and want to invest in or build in and double down or triple down. By thinking in unit value for example Hive or LEO I might be earning 1/3 less in dollar value than I was during the bull run my crypto token earning has actully increased! Instead of just 10 hive a day because it was priced well over $1 I'm often times earning 30+ hive daily from a post.

So yes my 30 hive is only $13.50 now but the potential of it when hive goes to say $1.20 each is now $36 plus the increased APR and curation earnings. As you can see with Hive and LEO now you can stack more faster during this down turned bear market then you could have ever earned if things stayed around that 2 trillion dollar market cap.

For myself I'll be doubling if not tripling down on many aspects over the rest of the year. Hive, LEO, DeFi, Gaming space (not the metaverse), staking rewards etc. Things I have control over in my own wallet which again another thing I love about Hive and LEO.

What are you goals during this bear market?

Posted Using LeoFinance ^Beta