BEARISH AND CHANGING STRATEGY… by nonsowrites

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hive-167922 · @nonsowrites · Jun 21 '21

$2.44

BEARISH AND CHANGING STRATEGY…

![image.png](https://i.imgur.com/8uGSty2.png)
[image source](https://pixabay.com/images/id-3614771/)

I don't know about you but I am not confident that the market will go up anytime soon. I think bitcoin might hit 30k sooner or later and drag alts with it. Some say the market is being manipulated and I agree to a certain degree.

I earn most of the crypto I own so there isn't much panic on my mind. However, I can not begin to imagine the level of frustration some investors are going through at this point.

We are still a long shot away from 10k which was the price of bitcoin around this time last year (I stand to be corrected). So many early investors are still in the green in terms of profit.

**WHAT TO DO WHEN BEARISH?**

You hodl. Contrary to popular opinion, I think the bull run is the perfect time to spend. You see a lot of money flying around. If you have a great project, it is best to launch during the bull run. This is because the enthusiasm toward cryptocurrency is high and people are open to new ideas and are willing to splash their newly found wealth.

However, the bear market, where I spend a considerable part of my crypto life, is hard and rough. A lot of people give up on crypto and leave a few people behind. These few are poised to lead the next bull-run if they play their cards right.

The bear market is the time to hold and build--your stake and reputation in the crypto sphere. You hold on to as much crypto as you can. You stay consistent and persistent. The dark cloud can only last for a while and when things move upward, you have a decent stash to spend and reinvest in other profitable ventures.

Some say the bull run is not over. Well, I hope so. I am not an expert in this field. I am going with my intuition at this point and the sentiment in the market right now.

You have a glimpse of what's obtainable during the bull run, never forget that. Let it guide your actions moving forward. Cheers!

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👍 trostparadox, nuthman, clixmoney, simplifylife, shanibeer, linco, uche-nna, reggaejahm, ninnu, kenechukwu97, soufiani, evernoticethat, camuel, tookta, dcooperation, dylanhobalart, penderis, markkujantunen, kaylinart, damla, tin.aung.soe, zainenn, mapxv, wolfofnostreet, thranax, aleister, voxmortis, eaglespirit, accelerator, rehan12, bnk, princeofbeyhive, krunkypuram, tresor, the.success.club, dinglehopper, dgi, filosof103, gamer00, smokingfit, danile666, jonyoudyer, issymarie2, bengy, mlrequena78, behelen, reggaesteem, zerotoone, fredkese, sgbonus, lolasophiedanton, mariluna, mmykel, jackramsey, duckmast3r, a-alice, scottshots, jalentakesphotos, alexabsolute, shaheerbari, dynamicsteemians, marivic10, gingerninja, lennyblogs00, and 53 others

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@edystringz · Jun 21 '21

I agree 

The bearish period is the accumulating period 

You gather as much as you can and wait for the bull

During the bull run, you lunch projects here and there considering the fact that lots of people have lots of money to spend



---

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@kenechukwu97 · Jun 21 '21

The current market trend has been this way since the end of Easter season. That was when BCH was at $1490 but it's currently struggling to maintain its value of $580. 

The same goes for many cryptocurrencies and it can be very devastating for someone that has his money in any of these. But then, this is a time for people to take advantage of what is going on to increase their HODLing volume. 

The issue is, there are people that has no other source of income so, all they have is what they earn. It's funny but you'd be surprised to see that there are alot of people like that. I guess, people in that position would need to pray that they won't need money urgently at a time like this else, they will be cashing out with teary eyes.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@kenechukwu97/re-nonsowrites-2fpxcw)

👍 nonsowrites

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@nonsowrites · Jun 21 '21

lol i am already teary. It such a depressing day really. so many things going south. watched a nice movie to get my hopes up but we are back to reality. But we have seen these south of moving in the past, it is not new. i am hanging on.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@nonsowrites/re-kenechukwu97-z46jf)

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@kenechukwu97 · Jun 21 '21

Lolll... Same here.
I'm currently unemployed at the moment ever since l finished my service in March so, I'm learning and earning from this sphere.

It's tough but this too will pass.



---

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👍 nonsowrites

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1 reply

@offgridlife · Jun 21 '21

I will be buying a lot more Bitcoin when it hits $20,000 and lots of Ethereum too.



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@nonsowrites · Jun 21 '21

lol i hope it never goes that low. i will cry.

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