However, what we're currently experiencing is mild, so what if we're getting to the region of 50 to 70% loss in dollar value?
That will be crazy, especially if one depends on crypto to survive. I have been fortunate enough no to panic in these instances because I haven't been in situation(s) where I solely depend on crypto to cause me hitting that irrational sell button.
I think the long term plan of me have kept me unmoved whether we are in bearish or bullish season. I just focus on the goal.
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That's exactly where I'm going, if one depends on crypto to survive then surely they'll find ways to mitigate that volatility. Whether it's through stacking stablecoin and maybe other assets. Well the best way to grow crypto is not to be too dependent on it in the short run.
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Stablecoins have to be in one's portfolio, am looking at one or two more besides HBD but I don't like leaving my cryptos on exchanges.
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It's important. As a matter of fact, I want to save some, so I wouldn't need to sell my assets when the bear comes.
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Besides HBD, which other stablecoin would you recommend?
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Hahaha I wouldn't really recommend though, but I use USDT, I think it's the safest.
This is not a financial advise. 🤣🤣🤣🤣
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Okay just looking at other options I can utilize besides HBD, USDT is the one I use mostly too, actually never used anyone besides that.
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Ahhh I think a person I know recommended it to me, so sometimes I use it to mitigate Volatility.
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I don’t think that you need to rely on this, the initial task is to increase your assets today, to mitigate a hard landing)
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It depends, different people with different economic situations.
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No, only patience makes people wealthy and rich people know the value of their patience.
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Staking stable is also important very important and it give power to buy more during the bearish market too
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I would be ready for bigger losses, up to 80%), the main thing is not to panic, if this happens, time will heal it).
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Not many people have the time, some are more impatient.
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Yes, but you can learn this, you need to learn this patience, otherwise ... there is no point in doing it.
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It is more than not to be panic though it is very important to have because we might have an emergency that will require a lot of money
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Yes, such a situation may arise, sometimes, such a situation may have a long-term character, but, in any case, either sell or wait, the third is not given ... although no, you can still start buying, because the coins on the market are cheap. At such moments, it calms and gives hope that when the situation improves, you will sit in a white suit on a white camel and drink a cocktail)
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Bearish market is the time to buy more and accumulate as much as possible, when you believe I the vision of the project you have invested in the price won’t have much effect at the long run because growth will always be your main target.
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When there is an opportunity and there is an idea where to direct the funds, I do it)
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I think one has to be prepared and know days of such dips in the market or one's holdings are almost inevitable.
With that in mind panic selling becomes no option. These is something the new ones getting in on crypto have to bear in mind.
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Exactly!
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Long term has always been the plan and to beat bearish market long term plan must be put in place and to stay off market during bearish market not to have heart attack. Determination to do something always go a long way in creating wealth with crypto
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Actually great how we are opportuned to learn about this things here on Hive, I think the Hive fundamental set impacts us to think long-term and it's either that or you can't win here or rather pump in money.
Great place to keep learning around here
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Hive is a full package and I think for anybody that want to invest in crypto must first pass through hive because that is where the knowledge of it begins
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I agree with you on that, start out with almost zero cost, learn as you go along. The knowledge we gain for free here are being sold out there for a rip off.
Some will come here focused on the money and get discouraged by slow growth.
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Slow growth is one of the best way to build, it will let appreciate how far coming and where we have been, the information has been really helpful and it has help me to grow with amazing pace
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