“Bull Markets Can Make You Money, Bear Markets Will Make You Rich.”
I’ve started seeing posts on here acknowledging that we actually might be in a bear market. I want to tell you that this isn’t necessarily a bad thing. If you have conviction and believe in the fundamentals for why crypto is valuable in the first place, you know it will go back up.
So if you liked something when it was expensive, shouldn't you like it even more when it's cheap? If you bought BTC at 60k or ETH at 4k, but you're not buying more now, you are investing purely based on emotions. The ones who truly make life changing gains are the ones with true conviction, who keep buying when there's blood on the streets. I know it's a meme but you gotta truly be "in it for the tech". You should take this time and truly research what this space is about and the revolutionary technology you're investing in.
If this is your first time investing and you're scared watching all your money go down the drain- I completely understand. I'd be scared too. But that loss is only realized when you sell. Remember this really important fact, everyone who bought the very top of the last cycle are still in the green today. Don’t make the mistake of selling at the wrong time and miss out on the massive inevitable recovery like many will. Investing is all about having a longer time preference. DCA is always the best strategy starting out.
submitted by /u/dragondude4
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