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RE: What did the Bear Market teach you?

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@dagger212
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2 min read

To be honest, I don't think this bear market has taught me much. This is my second bear market and I feel like the first one taught me all I need to know. With this one, I'm able to apply what I learned from the first one. Namely, look at your projects and reevaluate whether you think they there are sustainable projects, good for the long haul. If they are, then keep buying. Dollar cost average your way into expanding your positions and just let it all ride. The cheaper things get, the more your dollars will buy.

That's what I've been doing this time around. During the last bear market I quit watching and quit buying. This time around I've been able to add to pretty much all of my core positions so that when the next bull run comes, my gains will be exponential compared to what they were this time.

Like I said, the most important thing that everyone should do is research your current holdings and decide whether you think they are going to be able to weather the bear market and come out the other side. If the answer is yes, then this is a buying opportunity. If the answer is no, then use the low prices to move out of projects that may never come back and get into projects you feel will succeed long-term. Even though you're selling things very low, you're also buying into something that's also very low.

The only other thing I would say is that this is also a time to take a few little flyers. Right now, there's an opportunity to buy significant amounts of things for not a lot of money. If you can afford to gamble a little, put $100-$200 into a project or four you think has a chance to rebound in a big way. The percentages are huge down here. For example, if you think #leo could rebound to $1 someday, then putting $100 in at 6 cents could make you $1600. That's real money without risking a lot. Same could be said for #cub. 3 cents. $100 could buy 3000 tokens that, in the Kingdom, pays you a yield over 50%, gets you future airdrop tokens, and could eventually rebound in price.

Just some food for thought...

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