The opportunities that bear market present
When I look at my post yesterday, it was as if I knows what was going to happen in the cryptocurreny world but truth be told I know nothing. I wrote out that post just from the bottom of my heart and I have even forgotten how I got that inspiration. I poured out my mind and spoke about the need to take profit. On that post I used the medium to educate everybody letting us knows that we should knows that cryptocurreny is just like mirage, one moment you can be very rich and the next moment you are back to your formal ways. Always make sure that you put the money you are making here into good use.
There is nothing sweeter than the ability where the money you are making here you are using it to solve your life goals. Permit me to go cutting edge a little bit, I was opportune to speak to a friend today and what I really told him touches his heart. I told him that if he has $10,000 today and if leaves it for about two (2) to three (3) years without using it to take care of the bills that are important, he will discover that when he is set to make use of it the money would have lost value especially in country like mine. This is why it is better you have plans so that you can instantly start putting the money you are making in cryptocurreny into good use.
Haven't you heard people saying that he was once a rich man and suddenly we saw that he failed out of line. I know other categories might contribute but at times it is simply caused by the ability of not having good plans in place for your very own self. I have seen people who joined multi-purpose cooperative scheme, especially those government workers. Many will say they won't touch their fund till they retire or their retirement. Do you knows that when they retires they will see that they saved good money but the questions still stand, will that money be effective or sort what they need at that point in time? If you asked such questions you will see that the answers is 80% no. The money won't be able to solve their problem. In fact it is simply like problem continues.
Relating to what I am saying above, imagine a system where the person keeps borrowing like let us say every two (2) years. You know most cooperative allows you to borrow like three (3) times of the fund you have saved and the duration to repay is 2 years. So imagine that you keep borrowing every (2) years, you will see that before you even retired you might have completed some of your life goals and another good part of it is that when you retires you will still get your money back. Isn't this amazing when being compared to the other part I stated? The difference is clear.
I hope you learnt from the little words I explained above. Now back to what we have at hand, many people just want to see their cryptocurreny asset increasing all the time, they don't knows that laws of gravity is right there, remember what goes up will surely comes down. No matter what it is, cryptocurreny is like a double edged sword, it is either is appreciating or it is depreciating. No matter what state you found yourself you should just knows that this is what makes cryptocurreny unique. You can't be expecting it to be up all the time, this is why I wrote the post yesterday which was titled hope you are taking profit.
When there is bull season and coins keeps appreciating you will see a lot of people saying that they want to buy coin, but when the bear season present itself for them to take such opportunity, you will see them drawing back and they will refuse to take their opportunities till the market rises again. Then they will repeat same word by saying assuming they know they would have bought during the bear period. I present to you some of the opportunities the bear market brought for us.
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Buying into good project: They are some good project coins we love to hold but because of it worth we keep running from it. With bear market such good project might dump and create more good opportunity for you to stack such coins up. Imagine having the opportunities to buy Btc or Eth at a very cheaper rate, isn't that wonderful?
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Gives you the privilege to evaluate the market: One good thing about the bear market is that it gives you the privilege to be able to re-strategise yourself by evaluating the market and knowing what coins will be good to hold instead of jumping from one project to the other.
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it gives you the ability to be able to enter the market with lesser money. When there is bull run you will need more money to buy coins but ones there is bear market little money can give you same coins that bull market will give you. It simply means it gives you the opportunity to go into the market with leaser fund.
Mind you everything that I am saying here is base on my own assumption, I am not using this medium to say you should invest all your dine into cryptocurreny. Remember that any decisions you make here you shall be held accountable for it. Simply put, this is not a financial advice, do your research before you key in into any cryptocurreny project.
Tfame3865
signed out
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