RE: Wen Bear Market Over? by successchar

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hive-167922 · @successchar · Sep 27 '22

$0.04

RE: Wen Bear Market Over?

If it's just about 'how much' (like for a lot of people) as opposed to just buy & hold then it's sad. But like me, I don't worry about how much rather the market is bear of bull, I buy what I'm going to buy, I spend what I'm going to spend & I get what I can.
To me that's the difference. I've seen my portfolio value @ over $10,000 at one point in time & now it's much less. But what I see is the opportunity to get more.
As for living off of the crypto, while that would be nice, right now with what I hold it's impossible. I live in the US and if a token is valued @ $1 then that's it for me. Now for those who have larger portfolios with tens or hundreds of thousands of crypto, they have a shot at living off their crypto. That doesn't bother me as I know that as long as I keep building, one day, I'll be able to do that to. I build & hold for the future.
However, there has been times when the crypto I do hold abled me to purchase other things like when ChiFiBots held their presale, I was able to get in on it by trading my crypto. If it had not been for my crypto, I would not have been able to do that as I did not have the USD to bring in to the blockchain at that time.
So, those who jump out just because the market is bear are really just hurting themselves. If you wait it out, the time will come when you're up again and maybe even make a little on your investment.

!CTP

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@successchar/re-gadrian-3t1ivd)

👍 gadrian

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@gadrian · Sep 27 '22

Yes, pure holding and growing our stakes through whatever type of market is an easy way to not be affected by price swings.

> As for living off of the crypto

Well, I think there are people on Hive who are not millionaires and live off crypto at least during the bull markets. So, it's definitely possible.

I haven't started using my crypto for this purpose, but at some point, I'd like to be able to live off it.

👍 successchar

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@successchar · Sep 27 '22

$0.04

Yes, I would like to live off it too, but my point is there are average people in countries where the USD is a lot of money so it's possible for them to pay their bills and eat with just a few hive. I think it's great that they can do that and will definitely be happy when I can.

👍 gadrian

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@gadrian · Sep 28 '22

There are certainly differences, of course. Even within the same country. But I've seen people even in developed countries living off crypto at least in the bull market.

Of course, at 10k in the bull market, the focus should be to grow that, not to spend it. I have the same focus at a higher amount. The goal is that one day the crypto assets will generate enough income (mostly passive), that living off them won't shrink the principal invested, only spend from the interest.

👍 successchar

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