Hello Hive.
For Crypto trader, having to experience bear market and inflation side by side might be the beginning of doom..
Life would be easy if the bears lingers but prices remains more or less constant that with every little money you spend, you can get some quality and value back.
Having to experience the read candles and inflation side by side can ruin every financial savings plans and goals one may have set.
For instance when hive token cost a dollar and a tin of milk is around $0.9 cents, it is very much convenient for me to buy a thin of milk with a single hive but now we have hive at $0.53 cents and a tin of milk is almost a dollar, if I all I earn from this post is $2, what I can buy with the payout after 7days might not just be such an amount that can buy me a thing of moon.
Bear market and inflation of market prices for goods is not an experience that one can cope with together.
Imagine if there was a bull market, I could afford anything, no matter how expensive, but the bears and inflation together can be a savings killer.
The only way out of this is while preparing for bear market we ought to consider inflation along side so that what ever we plan to spend during prolonged bears might not end been spend up completely before half the period bear markets will become over.
The question now is how do you cope with inflation during a bear market, survival strategy and that perfect plan that can work.
Posted Using LeoFinance Beta
!PGM Reblogged cause you are awesome, has anyone told you that today?
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Check out the last post from @hivebuzz:
Well, what we can do is reduce our spending to some level. Focus on buying the essentials and leaving the rest to God.... Lol... I am laughing at the last part though.... But truly, leave the rest to God. 🤓
Posted Using LeoFinance Beta
The God part though 😂😂😂...
Fair point well said sis.
Reducing spending to essential needs is important.
Posted Using LeoFinance Beta
I know. I found it funny too 😆😆
I am glad you agree. I hope you are having a great Sunday? 🤗
Posted Using LeoFinance Beta
Sunday is restful, been trying to get all the sleep I can.
Posted Using LeoFinance Beta
You can only try to hodl as much as possible, so you can have a better future...
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Fair point... We can endure the pain now, make sacrifices to enjoy a better future.
A wise decision and powerful advice... Thanks for this.
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