If the answer is anything other than preparing for the next bull market, you focus is in the wrong area.
Bear markets are where the thriving begins. Most try to simply survive them and, emotionally, that is certainly the case. However, this is when riches are created.
They say that bear markets are for builders. No matter what the area, this is the case. Markets are full of ebbs and flows. This is the natural course of them. People are different and that is where opportunity enters.
Fill Your Bags
The most basic of this is to keep filling your bags. This is what market participants did since the dawn of time. As Warren Buffett says, things are on sale.
Of course, when we are talking about stocks, it is a world where the most common entry is to purchase. Unless you work for a company that offers stock options, most acquire their stock by putting up some currency.
This is also applicable to cryptocurrency. We can pull some money out of the old bank account, send it to the crypto exchange, and buy what we want. This is not financial advice but, compared to where things were a 9 months ago, discounts are all over the place.
That said, we all know this is not the only approach, especially on Hive. We have the opportunity to keep building, expanding, and filling our bags. If we do this, when the bull does start to run, we can be well positioned for it.
If we want a graphical reason to do this, take a look at this chart. It epitomizes a long term trend with the natural movements.
We are using this one only as a frame of reference. Cryptocurrency tends to have larger swings.
That said, over time, we see how cryptocurrency moves up in price. Take Bitcoin as an example. It peaked at $66K this time before dropping to the present levels. However, today's price is much higher than things were a couple of cycles ago.
It is why filling the bags is vital. When prices do start to run, we want to have more so the net effect is compounded.
That is how huge amounts are made.
Start Now
Many will want to wait. They allow emotion to enter the picture. After all, prices could go lower. Of course they could. Nevertheless, for those projects we are optimistic about, keep filling the bags. Eventually, when the bull sends the bear into hibernation, the odds are grand that values will explode.
We also could be at an interesting point with cryptocurrency. In the last bull run, anything got a push. The big names outperformed as the heavy hitters entered. Will this be the case the next time?
None of us can truly answer this. Yet, let us toss out a perspective that might enter the equation.
We could see those projects that spent this bear market building be the ones that end up excelling. The alpha could find its way to utility as the industry evolves and grows. For that reason, projects like we are involved with on Hive stand a chance since we know there are real users. It is not some VC funded deal that has a token and hype.
It is another reason to get started now. For these tokens to truly explode, more users will have to come in. Here is where the early adopters have an advantage.
With LBI, we are committed to the Leofinance ecosystem. The bear is rough and our wallets gotsmashed. This is what the bear does.
However, we are preparing for the next bull run by simply maintaining consistent activity and filling our bags. The Leofinance team is building, adding new features each month to the different platforms (did you see the update to LeoThreads, operating lightning quick now).
Do not way for the bull to start preparing. The time to do that is now.
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