Building Resilience in the Bear Market: Practical Tips for Crypto Investors

2023-04-25T12:04:12
Peace,
How are you doing dear Hivians?
The crypto space is experiencing a long bearish sentiment on the altcoin market. Although many on the internet have reservations or are neutral on Cryptocurrencies, the bitcoin market evolve through the cycle and has its value ranged over thousands of dollars within the past six months.
I have approached the market objectively. I looked at my income and chose to invest in altcoins.
It's very risky. I am just a simple blogger on the internet. We should never put in crypto funds that we can’t afford to lose. I have a monthly commitment to purchase Splintershare and Hive tokens. It was difficult to watch my stake grow slowly, especially when voices on the web used the argument of the market crash as the end of a small project backing altcoins. I was right to have trusted my research and read the content on the Hive blockchain. Otherwise, I would be sitting on the sidelines.
After a time it becomes a lot of fun to upvote comments on fellow bloggers, but also play games back on the blockchain and secure assets in Splinterlands. It is so interesting to watch the value of the Hive tokens on the weekly market and trade part of my portfolio on the Hive-engine decentralized exchange.
Trading can be addicting but with small amounts of operations, it is fun. The communities have always something new to share with the platform members. The interaction is great and keeps me involved in the progress of the Hive ecosystem's social and economic development.
There are more than a thousand different projects backed by crypto technologies out on the market. I can’t point anyone to a project in particular. However, I like to be practical and share my personal experience for only entertainment purposes. The bear market is forcing some projects to lower the value of the tokens representing projects in the crypto space. I must recommend caution to anyone that will easily full for the low prices without researching the project or reading the white paper explaining the objective and the way to achieve it in a clear roadmap.
In Africa, it is useful to transact money without all the restriction installed on the continent first for the user's safety but finally rules that turns against the free movement of fiat currencies in a country or abroad. Crypto and Hive in particular open back the opportunity to ease and speed up the transactions with friends. I have not benefitted from a large up trend in Hive since I decided to build serious my Hive power on the Hive ecosystem. I pray that the bull comes later this year because I am buying a small amount of Hive currently as it is cheap. I will convert a hundred percent of my liquid hive into Hive-backed dollars for the long run.
The bear market is going to teach all of the users of crypto serious lessons of investment but also of luck. I am not going to time to the market looking for the right spot to trade. The dollar cost average purchase of the tokens you selected from a list of projects that have been life for more than three years can bring some smiles to your face during the bull run.
A bad attitude is to rush into crypto looking for quick gains in the short term. Scams flourish on the bear market and the only way to notice the traps is close to the bull run.
Users realized that nothing on the roadmap was completed and it is nearly impossible to your money out of the system. I personally like to use the tokens and interact with the blockchain. If the token is only about speculation and we can do nothing with it, I am not so interested in these kinds of projects. I am sure with the support of the community and the compound earning I will be blessed to own my first Bitcoin. I have BTC as a store of value and highly speculative tokens. I still prefer to trade BTC at the height of the bull run to strengthen my position in Hive.
In the crypto world, we are continuously learning not just about finance but also technologies, content building, and business promotion.
The second quarter of the year has just started and anything can happen right now. I would recommend my audience inform themselves and hold steady to prepare right now for the financial gain they desire during the bull run.
How can we strengthen someone's hands during the bear market?

Warm regards

Disclaimer: This Article's purpose is only educational. I am not a financial advisor. Just a random blogger on the internet. Please never put in crypto more than you can afford to lose.
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