So the bear market is the time in the crypto market where so many times happen the most, where crypto critics feel so smart and unto of the world, because they think their prediction that crypto is going to zero is playing out, and at that same time where those who listen to them miss out on opportunities and sell off their coins in huge losses, while some other people make the most use of it to accumulate and building up generational wealth, accumulating at cheap prices and buying coins off of the paper hands selling because they are scared. I read an article today that laughed at crypto HODLers for holding crypto and how holding reduces their financial status, net worth, and all that stuff, and am like ok yes their financial status might reduce in the dollar equivalent of their portfolio but not in crypto, in fact, the crypto value might be going up because the bear market presents opportunities for them to add more coins with good use cases to their portfolio so that when we eventually enter a bull run there will be in huge profits, the loss that is making crypto critics laugh might just be unrealized losses, meaning that they haven't lost anything until they close it and those that didn't take advantage of the bear market to buy and HODL coins will have themselves to blame not anyone else.
While reading the article I found out that one of the crypto investors that they are laughing at has actually made millions and maybe billions from the crypto market, he bought into crypto when the price was around $600+ per Bitcoin and it later dropped down to $200 after he bought and they laughed at when that happened, they had there fun then and now those who laughed at him them can not do that again, in fact, the table has turned because he got around 30,000 bitcoins that time at around $600+ for one bitcoin, imagine how much he has made even now that the crypto market is in a huge correction or crypto dip in this bear market. Now imagine how much it was at the all-time high last November at $69k, and am sure he would have taken some profit along the way, which is a smart move to make.
It is always best to take some profit along the way, I learned this important lesson the hard way I bought some coins some time ago after getting +150% on my initial investments I didn't take some profit off, I was waiting for +200% before I take profit and few days after it dumped on me, so now I take profit from time to time and DCA in back into the market when it dips to a significant level.
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