Every day, it seems like the bull market will not end, and it's becoming boring. Waking up to see the same market every day can be tiring, and sometimes there is some kind of glimpse of hope with a little green candle but it will go back red again.
Life can be funny because while some of us are looking for a green market, some people just want the red market to go on, they want to keep accumulating and keep building their portfolio. It is an opportunity to build wealth.
One of those ways we can manage our resources is not buying assets at any price, just because we want it, but by buying what is very valuable at a discount is a great way to manage our resources. Time and money are our two greatest resources, and so for us to be successful. We must be able to manage these two resources very well. That is why buying a precious asset cheaply is a good way to manage resources.
The difference between a successful investor and the average investor in Crypto is how they manage their resources and utilize the bearish market, A successful investor buys an asset in a bearish market and That is one of the best ways to manage resources, but a normal investor can buy the same asset at any time. They don't care if the price is all-time high as long as they get what they want.
We have so many investors that because they want a coin so bad, they are willing to pay any price, which is a bad way to invest. We can pay a good amount for value not paying an extra amount for it. Investment is a different beast. When you overpay for a coin, when the bear market starts knocking, you might be unable to cope with your emotions because of how bad the price might be.
The Bear Market is advantageous in managing resources effectively because we are buying those coins at a significant discount and overspending can be avoided, and the saved money can be directed towards profitable investments.
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The kind of hope and happiness one gets when whenever there's a little surge in the price of cryptocurrencies knows no bond. One will assume it price won't come down, but the anxiety that follow whenever it reds isn't qualifiable.
There is good and bad investment, but no investments sound good at first. It is the end that justify the means. One can think the investments is insightful but lose at the end. On the contrary one may think the investment won't turn out well and buy few coin, but in the end, it might different.
To invest in crypto we must be able to control our emotions maybe a bull or bear market will not last forever and we must use it to our advantage
i do agree with you on this. Either bull run or bear market, they all come with a price. Thanks for the support always.
It is well boss. Let keep hoping
I think with a proper management of our resources, we can make the best use of a bear market and build a strong portfolio of assets at an affordable price. That's one of the best opportunities during a bear season.
That is what bear market are good for, we must use the opportunity to build our portfolio
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The market is boring indeed, but it's 2023, and I don't have hopes for a turn around, until 2024. I've been following the numbers and that chart, and sadly this market feels slow, but it's following the same boring pattern as 2019.
There are people who buys at any price and ends up saying Crypto is bad.
Everybody is hoping for a good turnaround in 2024 but let see how everything works out then but I feel this will be longer than that
The bear market is no doubt the most favorable time to invest in assets.
Also making sure we cut down on buying things that give us negative cash flow is essential to securing good position at the top. To make it big, you have to go big(all in)
We must do our research to make good use of our money and hope for the best in bull market
The bear market is very interesting for business owner with cash liquid on their hand.
Do you still have liquidity to buy Hive as the prices went down?
Peace
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In 2021, I purchased tron at $0.11 and I sold it at $0.07 cause I was impatient.
One of the accreditation of a superior investor is "staying strong". A worse investor waxed weary when it comes to bear, they will forget bear is for building, So they tend to ignore the principle of value. why? Because they want everything to remain juicy.
Day is for working while night is for sleeping. Yeah, Bear is for accumulating while Bull is for selling. When we get more crazy to cashout big, the more we fall into the trap of crypto. Crypto is passive related but it still requires processes.Trust me!
As advantageous as a bear market can be, their will always be some that won't be able to take advantage of it. I guess that's why so many people fail at crypto investment why others excel at it.
Managing our portfolio is tough but I do agree that people need to really consider things in a bear market. A lot of things won't make it out of it alive so putting it into good projects is a must if you want to protect your portfolio.