Earthlings and others... Today we're gonna talk about something that might make you feel like you're stuck in a bear trap - the bloody Bitcoin bear market of 2023 - Intro over... The Easy Way To Beat The Crypto Bear Market!
Look you know I am not all horror, and I don't want to scare you, and I also don't want to lie to you and pretend like everything's gonna be okay... Like granny on Sunday night before school Monday - We have all been there... But Interfriend's the stark truth is, it's gonna be a tough, rough and darn hard ride... But is it impossible to beat that bear market? You say, "No freaking way!" Aaand I say.. Shhhh let's talk about what it takes to beat the bear and make sure that you're still standing when it's all said and done... And not crying into a half empty alcoholic beverage.
Crypto Squad... Seriously now... you gotta be a real tough cookie... You can't be one of those snowflakes who gets all emotional and sells at the first sign of trouble. Because let me tell you something... Always when the bear market hits, it's gonna hit hard for most who do not yet understand... And if you can't take a punch, you're done for. But if you're a fighter, if you're willing to roll up your sleeves and take on that bully bear, then you're gonna come out on top... It's being a Bull (Bullish) (Not Bullsh1t btw)... It's just basic math... I know by now ya compute!
Let me give you a hypothetical example... Say you bought one Bitcoin at $10,000 (back in the good old days, am I right?). Suddenly without notice as always - the bear market strikes, and Bitcoin is down to $5,000. Oh boy, you're losing money left and right. But wait ye just a minute... Don't panic just yet. Because here's bottom line - the thing - if you sell when the market is down, you lock in your losses... But if you hold on to that Bitcoin and wait for the market to recover... Poof... It's then you come out on top. Because the market 98% always bounces back. 98% always! Some coins fade in the wind... So that is... Well, almost always. But we don't talk about that one time it didn't bounce back at TERRA LUNA. Moving on... Grrrrr...
Aaaand here is the very bot-ish... "I know some of you might be thinking" part... "Well, that's all fine and dandy, but how do I know when to sell?" And to that, I say, "Sell? Ha! Who said anything about selling?!" Because let me tell you something... When you're in a bear market, the best thing you can do is HODL. That's right, HODL like your life depends on it. Because in a bear market, the biggest gains come from buying, not selling. You gotta be like a bargain hunter at the thrift store - always looking for that sweet, sweet deal. Because when the market is down, that's when the smart money buys... But remember buying on an Exchange carries the added weight of setting a bottom price - The cumulatively the Exchange Trading Bots WILL eventually come for and so the cycle starts at a different angle... Bear or Bull?
Some of you might be questioning the logic saying, "But what if Bitcoin never goes back up?" Oh, ye of little faith... If you are of a faithful and spiritual, meditative and THOROUGHLY relaxed Chiller like me... You will begin to understand that the mighty Bitcoin has been around for over a decade, and it's been through its fair share of ups and downs. But every time it's been down, it's eventually come back up... It's like a bloody proverbial boomerang! You must be a 'don't listen to the naysayers' type individual - who say's "Bitcoin is just a bubble waiting to burst"... Forgive them for they do not know what they do!
Aaanyway balloons if you let them... Just slowly deflate until they're shrivelled up and sad. But let's not dwell on that. Moving on...
I hear you... "But how do I know when to sell then?" And that, my friends, is where the art of the huddle comes in... As Trupster would sa, "it's a beautiful thing"... A huddle is when you gather a bunch of like-minded individuals, and you all hold hands and chant "HOLD HOLD HOLD" until the market recovers. Think of it as a Bitcoin support group. Because sometimes, when the market is making you feel blue, you just need a group hug... Important word you hear is support... This is support.
Okay... "Wait a minute! Isn't this just a pyramid scheme?" And to that, I say, "No! It's not a pyramid scheme. It's a pyramid-shaped investment opportunity!" (See what I did there?)
But we are not Plankton are we? We HODLer's seriously don't listen to the haters who say Bitcoin is that scammy digital bubble waiting to burst. They're probably just jealous because they missed the boat... or bear's.
Take a healthy note... Stick it above your desk - Beating the bear market is all about having guts, perseverance, and a healthy dose of HODLing. Remember, that the market always bounces back with Bitcoin. It's just a matter of time... Patience... And while you're waiting for that bounce, keep your eyes open for those sweet, sweet Altcoin deals. Because when the market is down, that's when the smart money buys smart stuff.
As I bid you well and wish you luck - I leave you with an open-ended question. What do you think the future of Bitcoin holds? Is it gonna go to the moon, or is it gonna crash and burn? Let me know in the comments below. And remember, HODL HODL HODL!
