Lately I have been researching a new business idea and this got me thinking why all of a sudden now. I do think the prices falling in Crypto along with the reduced value of your portfolio does affect you even if you don't care to admit it.
This is a strange one as we all knew the Bear was coming at some point yet it is like a kick in the teeth. I have been waiting for it to happen as I see it as a reset and the start of the next cycle which is important to recognise. I am actually happy the Bear has happened as it means everything from here should be on an upward curve or at some point it will once we hit the bottom.
Your thinking has to change as now this is territory you have walked before and need to use what you learned the first time around. Nothing is ever the same however and as long as you know what needs to happen you have to make those things a reality. The plan is to grow so much that the Bear market will never worry you ever again.
The one thing is I never get down when things happen as there is always a solution to fix things, but there is nothing to fix here as nothing is broken. This what we are experiencing now is a corrective cycle and everyone knew it was going to happen. This is like the seasons as you know there will be spring, summer, autumn and winter and there is nothing that will change this.
I think you are possibly not human if you don't feel the loss of a small fortune even though it is only temporary. If that spurs you on to do extra things then that is great as I am in no rush to create a new business as I have enough on my plate already.
Reassessing and evaluating where you are is also important as it will also give you the answers as to why you are thinking like you are. Having another income revenue is great as long as you are mentally prepared for what you are getting yourself into.
Knowing we may have another 3 or 4 years of this Bear market does play tricks on your mind and deep down I know I will most likely have some type of new business within the next year and it won't be in this country.
The economic uncertainty has been weighing heavily on my thoughts over the last 2 years and is not likely to disappear anytime soon and expect it to deteriorate. Crypto dropping by 80 or 90 percent has just added fuel to the fire as that safety net is no longer a safety net for now.
At least we know in 3 or 4 years time we have something to seriously look forward to and need to make this time count right now. Whatever we do as long as we are growing online or in real life that is what truly counts the most.
