Hello Everyone.
I remember that popular program on TV we have often watched talking about who wants to be a millionaire. When it comes to making money I want to believe that no body wants to be left out.
Old or young we desire to have more money, no body has ever reach the climax of money acquisition to come out and say that they have had enough and do not desire more.
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Since everyone desires to be a millionaire as a fair starting point of where we can call anyone wealthy( what can be the minimum amount of money or valuables equal to such amount of money that someone can own to be called wealthy?) we can see that it has never been easy for all the people who went to the hot seat of who wants to be a millionaire to reach the level of winning one Million at least.
Can I say that making money in crypto too can be as hard ad that tv program?
Someone can say that is it not only to HODL during the bear market and sell when the bulls come around.
Think about this, You must be able to survive the bear market before you can make anything tangible in a bull run.
Hence your preparation for the next bull run is embedded in whatever you do during bear market.
Remember that during a bear market, prices are down and if you haven't been fortunate to keep enough stable coins that will last you through the bear market, it is possible that you must have sold so many tokens at a lost in order to meet present needs
Inflation is another factor that makes HODling our tokens during a bear market more challenging.
Personally I have had to face alot of financial challenges in this bear market that ate into my hive savings.
I have once made it to 1k hive savings before hoping that even if give made it to at least $1.5 that would be enough for me to sell and have a taste of what having a million feels like 😁😁😁. Having hive as my major crypto holding.
Having talked about the benefits of diversifying countless times I haven't felt that huge push to swap my hive tokens to any other thing.
Moving on like I said in time past, sometimes we need to take a step back in order to move forward again.
If I haven't sold my Hives to meet with those needs, I might probably be stranded and stagnant while waiting for the number of years it will take the bull market to visit us again.
But while trading away those hive it was important to know that whatever we buy at the time must truly be a needed asset that is truly worth it. Nothing is worth throwing away your crypto savings in a bear market unless they are an asset.
Nevertheless there might still be more time to prepare for a bull market and been a blogger on the hive blockchain, one can still workout a basic savings plan moving on from now depending on your average earnings if that can be estimated as well.
Any personal preparations for me will be from a look into my hive earnings moving on from now, the good savable percentage and a new set of goals that can enhance the plans.