My First Bear Market - Singing the Bear Market Blues

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Avatar for BitcoinBaby
1 year ago

What a horrible time to be alive!!!

Left and right I see blurry-eyed Reddit's filling up with snottering noobs crying about their losses.

I see Noisers ask When? When will this hurting stop?

Wen Moon?

Wen Up?

I saw people still trying to predict relief rallies and bottoms at 20K. We just kissed 19K, so kiss all hope goodbye!

This is the end, Bitcoin is dead!

Dead Again....how many times has bitcoin died?

Yes, this is the first bear market for many of us, myself included.

But I came prepared and I hope you did too? Because I expected the bears to be burning down the house. I am standing here looking at those fires and handing them Gasoline.

Written in the stars

This was written in the stars from the start. Maybe one day the 4-year cycle will not end with an 80% BTC drop, but this time around we hit 73%. Hence another 6K drop would not, or should not be like a thunderstrike on a cloudless day, right?

This is the time to sing the Bear Market blues..... but that song is not about winning about losses. This is the song I have been humming because I am a horrible singer:

At first I was afraid, I was petrified
Kept thinking I could never live without a bull by my side
But then I spent so many nights thinking how things went so wrong
And I grew strong
And I learned how to hodl along
And so you're back
The Bear is back and I don´t give a hack

I just walked in to find you here with that Bearish look upon your face
I should have changed that stupid strategy, I should have sold, I should have seen
If I'd known for just one second you'd be back to bother me.

Oh no, not I, I will survive
Oh, as long as I know how to hodl, I know I'll stay alive
I've got all my crypto Bags
And I keep on growing stacks if I'll survive
I will survive.

 And then I run around screaming:

Burn Baby Burn, Crypto Inferno!

Now I have the time of my life
No, I've never felt this rich before
Yes, I swear, it's the truth
And I owe it all to bears
'Cause I've had the time of my life
And I now owe bags of BTC

Come Prepared

It´s funny isn´t it, when crypto is up you dream about buying the dip, you´re jealous of those who went through a bear market and came out rich. Now the dip of dips is staring you in the face and people start selling??? Well, I don´t I start smelling!

I woke up one day in April and smelled a big bear, so I did what any baby would do and studied that bear. I noticed that the bear had been there for a while.... I did but those guys at Celsius didn´t and Three Arrows also missed the memo.

Does nobody read anymore? Is there nobody that zooms out? If even a baby like me is calling this dip below 20K for months now, why didn´t they?

Maybe gree, maybe stupidity, probably both. Or they use this inferno to set themselves up for the next bull run.... I would not be surprised if that is what is truly behind those big companies all of a sudden crashing down left and right.

Crypto Winter is Here

Well, I am a baby shrimp that just keeps singing that bear market blues.

Lil Bubble - What A Dump

A shrimp that had some fiat to burn and can now buy the crash.

Don´t take financial advice from a baby, but if you did not start buying the dip already, it might make sense to start now. Worst case scenario, we drop another 12K...we were up 12K a week ago.

I keep buying. Every 1000 dollars we drop I buy another 100 dollars of BTC and I will hold those for the next 3 years....because I am not gonna get burned again by a bull market.

With give or take 6 weeks we will be on the other side of the Crypto winter, as that winter lasts 12-18 months.

The first part is the worst and we are almost done.

Then comes the part where you scoop up altcoins at incredible prices, and then the waiting game starts.

Waiting for the Crypto CPR to finally take effect. Once that pulse is back, you can congratulate yourself...you made it through a bear market.

Have a lovely day, remember that hitting the like button is one of the few free things in life, and hope to see you tomorrow.

Post Scriptum:

Platforms where I Earn Crypto for my Content (Affiliate Links):

Torum - https://www.torum.com/?referral_code=bitcoinbaby

NoiseCash - https://noise.cash/u/BitcoinBaby

ReadCash - https://read.cash/r/BitcoinBaby

Hive - https://hiveonboard.com/?ref=whywhy

Peaked - https://peakd.com/register?ref=whywhy 

Publish0x - https://www.publish0x.com?a=l9avg4xnbG

Exchanges I use

BitVavo Exchange - https://bitvavo.com/?a=C21A94C2FD

Kucoin Exchange - https://www.kucoin.com/ucenter/signup?rcode=rJ821BX&lang=en_US&utm_source=friendInvite

Bitmart - https://www.bitmart.com/en?r=7XFCVy

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Avatar for BitcoinBaby
1 year ago

Comments

In your fun, I still confused either market is pumping in coming month or it will dump?. I hope you have better prediction for next month. So suggest some price now?.

$ 0.00
1 year ago

"The first part is the worst and we are almost done." How sure are you that we are almost done? I think we just entered the main bear market in my own calculations and I don't see it abating soon. Best we could get is the market consolidating for a longer time. Meanwhile welcome to your first bear market, lol.

$ 0.00
1 year ago

Well we are almost done with the first part...that is reaching the bottom. We dropped 50K so only 18 K left. That tells me the drop is almost done. 12K is just 6K away. The standard 80% drop peak to bottom is almost completed, that completes part 1. Then comes the accumulation phase which will take approx another 8 months

$ 0.00
1 year ago