One of the best aspect of hive is consolidation and validation, especially when it's the bear or bull season. For the past two days or so, it's been totally bearish not just for hive but virtually all coins. The truth is, a lot of people will be slipping into FUD, but those who are on Hive can attest to the fact that it's quite a different atmospheric condition here. In fact, here, people find consolidation and learn how to cope and deal with dips and come to terms with that bearish aspect of crypto.
Of course, it has its positives. Even if bearish situations are only associated with negative vibes. Naturally, not a lot of people want to lose, but if the price of all crypto keeps going up, there will be a scenario, where people will sell all of their crypto, and it will be too expensive to actually buy back. Buying back is always important, because when you don't, you can't continue to maintain that cycle?
So Another Logic To The Bear?
A lot of times, I see positives to bearish situations, it's normal when you look at your wallet valuation, and it's probably depressing or discouraging. Bearish situations are why I don't usually introduce people to crypto, it's difficult for real-time people to handle the issues with it. People who are real-time business people can be impatient. They follow the "profit and loss mentality" and when they're buying into Crypto, they totally miss the whole idea, unless they're willing to be enlightened.
This is where the social aspect of hive eventually comes into play. The truth is, most times we probably see the humorous aspect of the dip rather than actually fuelling its impact, buy FUDing, I for example talk to my friends about how the dip would affect me in real-time, tilt my spending culture and bring out the creative side of me.
A lot of people actually go on a spending spree when there are bullish trends with the market. This isn't because they have a lot of crypto to sell or convert to fiat, but the general feeling of being in a market where there's an increase in price almost every day, provides a certain level of assurance. This is the opposite for bearish trends. It would mean that even people who have a lot of crypto, will still harbor some regret or fear, the degree will now depend on their experience with crypto in general.
However, on Hive, people tend to even learn about the bear even before it actually happens. How is this? Hive is an educational sphere about crypto in general, this means, people earn and learn simultaneously, while getting the exposure they need to actually thrive in the conventional crypto space. A lot of people do prepare for the bear because they already understand what it feels like, even without experiencing it.
This is another beauty to the hive blockchain. There's the probability that not a lot of people will be affected by the bear, unless it actually lasts for too long. Being prepared isn't about saving into fiat or converting into USDT, it also involves readying the mind for the inevitable. One thing is, crypto taps into some of our instincts. Could be fear, could be panic, could be survival, this is why we have to be mentally prepared for any case scenario.
2018 came with the bear and lasted till early 2020, not many people actually expected it to be so long. This was because they weren't properly prepared. I told a friend @rufans that 2022 might be bearish at the very beginning and this was in early December I guess, because I already had this disposition, I took time to weigh my options and did what was necessary.
The truth is, no one is totally prepared for the bear market, but the degree to our preparedness is what actually matters. I used to look forward to reading contents on Hive when the dips are happening. This is because I actually get positive vibes from reading at least 50% of opinions about the bear. Overtime I've come to formulate my own ideologies and hold strong convictions.
This is how I've come to see rays of possibilities to the bear, rather than the regular gloom. It's actually okay to gloom or express frustration, but these wouldn't actually incur irrational actions. It's important to talk about the dip or mere thinking of it alone might make people do questionable things because of the fear of losing everything. Overtime, I have looked to Hive for solace and consolidation during the bear and it's worked pretty fine.
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Bear or not, people should be prepared for all situations. It's one of the reasons why I like having a balanced portfolio and I don't mind taking profits if I need to. I think HIVE is fairly good but it seems like everyone is talking about different layers of support rather than how to deal with it. Personally I think BTC is dragging down the market as it goes down and the true support is probably closer to 30k.
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It's more of a psychological thing. A lot of people are care-free during the bull and this is because they have this feeling that they're in abundance, hence they don't need to prepare for a bear they don't know when it'll happen. Nevertheless, like you, I'm prepared at all time.
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This relates to my current post. All the coin in my trust wallet has gone red. The bearish market is highly tormenting almost all the coins. As a trader, we should always understand that there are two ways to the side of a coin. It's either head or tail. So when in the market, we should expect both bearish and bullish movements in the price of assets.
Just as you mentioned, if the price keeps going bullish, people will continue to sell and it would become difficult to buyback, as the price keeps going higher.
The bear times is always an opportunity to buy more and hold. If I bought 2000 hive at $2.9, and it now below $0.80, what is expected of me is to buy 10000 and add it to 2000. If it goes up to just $1.5, I've covered my loss and made some profit.
The bear time is always an opportunity. But it's important to buy wisely. Nice info bro. One love
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Thanks for your comment as you've actually validated what I've stated. it's totally narrow minded to not see the advantage of the bear. It goes beyond selling everything. If prices cannot dip so people can buyback, how then people even make money?
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The truth is market can be funny, I don’t think we are already in bear season. Though have been preparing for the bear season for sometime now but I’m not totally prepare just in a better position than last bear market. If the bear comes I will definitely buy a lot of hive but is not bear yet.
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I think this year might be bearish, even if it might not fully dip so badly. The market can be truly funny like you've said, nevertheless I believe that it's better to prepare for anything in order to stay safe. Thanks for coming through.
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Let wait and see how this year turns out, let us be optimistic
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I see alot of sense in what you have said and am going to learn from your experience sure many will regrets or murmur at this time but one have to be sensitive and able to cope with all situation am sure things will get better soon thanks for this insight @josediccus I love your comment @rufans nice one
Totally correct, no need to panic or be sad, it's what it is, we need to accumulate before we can sell.
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Sure I understand thanks for the reply @josediccus
I am really a newbie to the crypto world and to investments more in general, and here on HIVE I have learned a lot of things, thanks also to posts like this one. So, of course, I thank the users like you, @josediccus, who share their knowledge with us.
The thing that I have learned which in my opinion is the most important, is that if you don't sell your assets then you are not losing anything. Of course in order to do so, you should trust in what you are putting your money in, and also you should have a diversified portfolio.
During moments like this, when the market is bearish, we need to stay calm, be patient and wait for the right moment to buy. Do you agree with me? Or have I not learned enything? 😄
I agree, you've learned a lot hahah
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Ahahah ok it's reassuring, at least it wasn't wasted time
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You are right, no one is actually really prepared for the bear market. But it’s always good to have it at the back of your mind, when you are spending during the bull season that the bears might come. Just set aside a little amount for buying the dip.
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