Important questions to ask yourself in this bear market.

in #crypto6 years ago

It's a funny sort of phenomenon we observe every time Crypto goes into a bear market. Facebook groups get quiet, YouTube streamers get less views and thus make less videos, Google 'Bitcoin' search analytics get less traffic, people at offices stop talking about it etc.

Think about this. When you got into Bitcoin you probably got into it during a bull run correct? If you had the chance to go back and get in when it was lower... during a bear market, wouldn't you be excited knowing what you know now? So why, when we are seeing another bear market, same as every time a dozen times before, is everyone so quiet and scared to invest?

I'm not a financial adviser, and I am not telling you that you should invest. Investing is risky, and investing in crypto is more risky than most traditional investments. Do your due diligence and careful with alts please, but take some time to think about this. Think about what you will feel if/when the market goes back up and you didn't get in.

Are you hesitating because you're waiting for it to drop lower to buy in? Or are you thinking that it may never reach new all time highs? What are you spending your money on instead? If it's another investment, great. If it's spending your extra cash on things you can probably do without, then I would consider instead thinking about your future (whether you invest in crypto, stocks, a business, gold, whatever). This isn't a get rich quick scheme, so don't expect to go from rags to riches overnight. With that being said, I firmly believe that crypto is going to be huge over the next 5-10 years.

If you don't want to pull the trigger on investing, or you already have. Take advantage of this bear market to educate yourself. Prepare yourself to take action when you feel the time is right. Instead of watching your favorite show tomorrow night, Youtube search Andreas Antonopoulos, Vitalik Buterin, or Max Keiser.

I'll leave y'all with this.

Investing in Bitcoin is living a few years of your life like most people won't, so that you can spend the rest of your life like most people can't.

Food for thought.

That's all.