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One thing am grateful to hive for is the exposure to the crypto world. I have learnt a lot yet so little. I now know what the bear market, the bull market and hodl mean. If you are like me and confuse about these words. Bear market means the period when the price of crypto is falling, bull market means the price of crypto is going up and hodl means holding on to your cryptocurrencies during the bear market. Hodl is also an acronym for hold on for dear life.
Crypto is presently in the bear market now because of the case of FTX. FTX is a crypto exchange company owned by SBF. The price fell to zero in just one night and SBF went from a billionaire to someone that has nothing.
I was confused about this for so long but thanks to @josediccus who shed more light on the matter. I got to know that as the business world has shrewd businessmen, so also do those in the crypto world. SBF played on people's emotions to get them to invest in his crypto exchange. This is a terrible scheme and lots of people lost their investments when FTX fell. The fall of FTX has affected the crypto world a lot, prices have fallen drastically and lots of people are leaving crypto because of the bear market.
As a newbie on hive, I would have gotten discouraged if not for @josediccus @starstrings01 and @hopestylist. They have been a source of encouragement to me, they made me realise that bear market is something that does occur but instead of fretting about it, I should stay strong and accumulate my hive. Am thankful to them, so if you are a newbie also don't be discouraged, stay firm, accumulate your hive and build your investments, hodl during the bear market so that you can reap profits when the bull market comes.
I have learnt that @leofinace is also a great platform to learn about crypto, I haven't been active in the community because I feel like everyone there is experienced and know about finances however I have been made to know that it is simple and easy and not only for experienced people but also novice like me. So now I have to go over there and take my time to know and learn. I believe am going to learn a lot this month, because the leofinace community is my target this month.
This post is for the dreemport challenge, thanks for reading through.
Hello! How are you? 👋First of all po, I congratulate you po in advance and praying that God bless you for this challenge and get the crown! 🎉You have an organized format of your article. Aside from it is very informative po, it is a must to read po. I am a newbie here and thankful that through dreemport I read this article. Ecency is the best community to visit when it we want to learn more about crypto. Thank you for sharing your knowledge po😁.
God bless po!🙏
#dreemeroftheyear
Am good @czander, amen. I wish you good luck also in the challenge.
Welcome to hive, how are you enjoying hive?
Ecency is good but if you want to know more about crypto then you should check out the leofinance community, I have been told it is very educative.
God bless you @czander
Hello po! Thank you po! Yes I am enjoying myself here po. Yes 🙊 What I mean po Leofinance 😀😂 I only confused po. I am not expecting to win po but I am very happy I participated po!. God bless you po!🙏
This is an eye opener, thanks for sharing 🥰
Thank you for stopping by
Yay! 🤗
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Thank you!
What you said is nothing but the truth, that's the concept about crypto, just use the moment to gather as much as you can, there's no need to be discouraged.
Thank God for those people who encouraged you to keep going, we learn new things everyday.
I came across your post via Dreemport, it's nice coming over.
Have a nice day!
Thank you for this @maryjacy, I have been encouraged a lot, so I am no longer discouraged. In fact, I want to use this bear market to accumulate as much as I can and learn more about hive. I Am thankful for those who keep on encouraging me
Do have a nice day😍
Although I have been on Hive for quite a while, I just learned from your post what Hodl is and that's very good. Also your recommendation of @leofinance makes me want to pay more attention to it, to be able to move forward in the cryptographic world knowing more of this world from the hand of experts or not so experts that make us digest these complicated topics in a simple way.
Thank you so much @geelocks!!!
#Dreemport
Am glad my post was of help to you.
True, from the little I have learnt so far, I feel happy, yet I know it is just a drop in a mighty ocean but being intention about the crypto world is what will help us to get more knowledge
This is motivating for others like me as well. 😁😅
I like how you played it on the post. I also got to learn about those terms here. And like you rightly said. The bear is something to be afraid of but to stay strong. Well done.
Thank you, am glad you enjoyed my post. Thanks for stopping by
Yes, plus it is the period that we will only be drinking Ijebu Garri.... No chicken and Turkey or Sardine... unless you are a
ritualistYes, like now the thing is choking me.... I fit go use my last card buy garri oooo, cos na person wey dey alive dey hold on to dear life nau
Well, Crypto was already in the bear market prior to that, but it made it worse. You know that November 2021, Hive got to $3.4 per 1 Hive... but around 5 or 7 months ago, it was already less than $1. Yea, that is because the bear had already started kicking.
@hopestylist, this message is for you
@hopestylist, also read this one oooo
If you like goan be thinking that is only people with PhD in finance that can write in Leofinance Community... smh
Is dreemport dah carry me and come here
Like was this a comment? Because it's looking like a trouble shooting.
Thank you so much for bringing me here to tell me word, I truly appreciate it. I will still not go to that community yet sha until I get that PhD in finance 😏.
😁😁😁 am sure it was
I hope you have enrolled for the phd 🙊
Hahaha, no I haven't oo, I'm waiting for @ksam to send money 😏
wow
Me too ooo
Let's wait for him
Yes we should wait for you 😩
🤣🤣🤣, yes o.
Thank you for the information, I need to start doing more research. Am glad you dropped by. But boss why are you stressing my TL
Ahhhhh!
How ooooo?
Shey the TL haff see what I say....
Is true I talk, I dinno lie