Posts

My Strategy For "The Bear Market"

avatar of @acesontop
25
@acesontop
·
·
0 views
·
2 min read

Now that we're "officially in a bear market" it's time to plan my time spent during such a marvelous season. Wait... What? Are we in a bear market now?

I don't know, but it looks like that, the sentiment is there and the experts are saying we've entered the bear market recently. Does that mean hibernation, though? Not in my case.

I've been as active as I am now during the previous one and will stay as such in case we enter another one. We don't have any confirmation yet that YES THIS IS INDEED A BEAR MARKET... It's just suppositions. I tend to believe that we no longer have bull and bear markets, like we once had, but the price performance of BTC and most of the alts is proving me wrong lately.

So, what's the big strategy?

image source

First of all, never stop learning and staying connected with the space. I'd say that that is vital and will also not allow any bearish sentiment to be shaking my consistency on Hive. I've been there when HIVE was $0.13, will be here if it gets as low as 13 cents once again.

You can bet on that.

The idea is that now we have way more ways of being active during harsh and cold times. Like playing games for example. I am not that enthusiastic about blockchain games, but I might give Ragnarok a try, when it will be out and probably some other ones out of Hive's ecosystem.

I am also thinking of getting involved with UMA. They've become a DAO it seems, @inalittlewhile has invited me several times to get involved with them and I might do that. Other than blogging I don't know much what to do for UMA, but I'll find myself a place. I'm capable of adapting pretty easy.

Long story short, getting involved in crypto projects feels more appealing to me than simply betting on all sort of cryptos like I have been doing for the past four years or so. I'm not selling, but neither do I add any new coins to my long term portfolio. My strategy is to be involved in several of them like Hive and UMA "that pay" and earn myself a living from that.

I gave up the idea of becoming a millionaire.

I have proved myself for the last four years to be a bad trader and investor, but dong a pretty decent job at creating content. Hence I'm gonna invest much more of my time and energy in that and other ways of interacting with blockchains. What about you, any strategy for a potential bear market?

Thanks for attention, Adrian

Posted Using LeoFinance Beta