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Mark

How I’m Planning to Survive in a Bear Market 1/5

Part 1 /5

Just relax.

 

My Grandma used to display the following words of wisdom (carefully crafted in needlepoint):

 

“God, grant me the Serenity
to Accept the Things I can’t Change,

the Courage to Change the Things
I can’t Accept,

and the Wisdom
to Know the Difference.”

 

It’s good advice that stands the test of time.

So here’s what I’m going to do: stop refreshing the hourly/daily crypto price feed and worrying about the USD equivalent of my portfolio. I’m going to focus on something else. Something productive.

We all still hopefully have the same amount of BTC and ETH right? I mean for some of us with exposure to Celsius, or who bought into early P2E gaming, NFTs, digital land, etc. things are not exactly be going according to plan…

Theres just not a lot anyone can do about it.

 

It’s always easy to HODL in a bull market en route to the next ATH.

Everyone feels like a genius for knowing this was going to happen. Once prices fall to the point where people bought them at originally or below, panic and fear set in. Questions start being asked.

The Crypto Fear & Greed Index sits at a 12 or 13.

As far as I can tell. you are only guaranteed to lose money in crypto if you sell low. Similarly, you will only ever profit when you sell or exchange your crypto when its value is up. It seems obvious I realize but having been around in 2017 and now in 2022, it turns out that I haven’t learned this lesson at all.

Well this next time is going to be different. But I suspect I’ll need a reminder once things are looking back up.

HODL mode is on for now.

CoinMarketCap portfolio tracker is banished from the iPhone.

We’ll all just have to wait and see how this works out.

 

FTR I’ve always liked needlepoint.

It’s the original pixel art.

 

Disclaimer

As you should expect, content on HelloCrypto is not to be construed as investment or financial advice. Content published here are based on our opinions, ideas and on providing information we hope can help our audience to evaluate and navigate the wide world of crypto.

Always do your own research.

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