Ask leo: What happens if this bear market slowly turn into the new bull market?

avatar
(Edited)

e193d560054f9622357806143842a6dd.jpg
Source

Hi everyone,

Few days ago, I was talking with a friend about how this bear market is taking longer than we expected. There are even talks circulating that it might be next year before we enter another bull market. We've been hoping each day that the value of cryto would have start picking up but as we all know that hasn't been happening. It's all red on the market chat. As we were discussing, my friend made mention of one thing that caught my attention. He said what if this present bear market is the new bull market? I replied by telling him he was insane. We are all hoping and praying that things pick up and you're suggesting it might even go lower than this.

After the conversation, I kind of sit down to think about what he said. What happens when this bear market slowly turn into the new bull market which means the value doesn't rise past this and chances of it falling lower than this is high. I'm sure that would be very devastating. Then I thought of that happens, how am I going to survive?

You see this question of survival is very necessary. Since the onset of this bear market, I've been holding unto my crypto asset and I haven't sold any. And as we all know my main source of income is in crypto which means survival has been a bit difficult. In order to make ends meet, I have to do double the work to create more NFTs and the from the little sale I make, a percentage of it is used for my upkeep. The fact that even NFT sales aren't coming in as often as before (cus this bear market affected everything) even make it more difficult.

Now this can make holding unto our assets a bit difficult if this happens to be the new bull market. As we all know people lose interest. If this bear market continues to linger on for so long, people will panic and sell their assets which wont be good at all. Anyways I am hopeful that it will rise again soon. In crypto, anything is possible, even the impossible. Pending that time, I might just pick up my Web 2 crafts back in order to earn passively so as not to touch my assets. Then I will have to produce more arts and hopefully, more sale will come in.

THANK YOU SO MUCH FOR READING MY POST TODAY. DO HAVE AN AMAZING DAY.

Posted Using LeoFinance Beta



0
0
0.000
0 comments