Member-only story
If you have been investing in crypto, then there’s a good chance that you have lost lots of money recently. I also lost quite a bit, but I’m not too upset about it, because this is a good opportunity to buy the dip.
Always remember this saying: Bull Market makes you money, but the Bear market makes you rich.
But before I go into the details, I want to share my views on cryptocurrency again.
Some time ago, I made a video saying crypto is BS. Crypto is designed to achieve decentralisation, yet it’s not feasible. People have herd behaviour, for that reason, big players can manipulate the market easily.
You see, I don’t believe in crypto, but I am still accumulating. The reason behind this is, I’ve been in the crypto field for so long.
There are quite a few times I thought Bitcoin will drop to zero, somehow it always bounces back. Of course, it’s not guaranteed it’ll be the same this time, but if it has been repeating for the past ten years, I’m willing to take my chance and hodl.
So back to the original question: What should you do now?
Generally speaking, in the bear market it’s best to stick to the basics. That way you are less likely to make mistakes, and reduce the negative impact of the crash.
