Bear Markets Are For Builders
On Hive, we can really see how this is the case.
This is an old saying. Part of it stems from the idea of dollar cost averaging. However, it takes on new meaning on Hive.
In this video I discuss how those who "built" the last 18 months will see their wallets with more coins or tokens than before the bear market started. This should be a great when the bull market takes off. The advantage is that, on Hive, we can DCA without spending any money. Instead, activity is a way to add to this.
▶️ 3Speak
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LOL
BLAME THE BEAR.
Ps: how come your video uploads no longer get an upvote from 3speak account or they(CalledMyBluff)Dan ?
What's your theory on why they don't upvote his videos?
Task used to often praise 3Speak future as.. "just around the corner" or .."what is taking place here.." and.. "Dan and Matt will save the Internet and the world.." so they rewarded him well back then.
But one drunk night making a video he called Dan a bluff and went all in on him and said ".. ok this SPK thing looks like a unicorn, how many damn corners do I need to pass damnit.. when will you guys have a working product!?"
So yeah.. he lost his place on them 'blind votes' gravy train.
There's also the thing of 'Inner Circles of Hive' and Task isn't exactly in with the cool kids. Task goes balls deep on the Hive Exaggerated Potential and many of the cool kids don't like that type of noise.
Not their JAM!
"don't go chasing waterfalls..
just stick to the lakes and the rivers..."
Ps: this story is a fabrication but likely to also be somehow completely true. Such is crypto.
Yeah, sometimes the builders need to get jobs to cover the bills so they can keep building in the bear market, lol. At least that is my experience, lol.
That is correct dear @taskmaster4450 today the hivers are low, I have a lot of faith, that it will achieve at least 0.70 of the dollar very soon, in Venezuela we are looking forward to it. Patience as you say, edtoy very much agree with your optimism, in any case, Hive is always one of the best alternatives to achieve solutions, at least in some family socioeconomic aspects. Let's have faith like you always have. Success and I will always be grateful for your visits to my posh, which is sure that I will always follow your good information through your posts.
We believe one day , the bear market will surely cut off why we enjoy the increase in hive price
Summary:
In this video, the speaker emphasizes the importance of being a builder and staying engaged in the market during bear markets, particularly in the context of cryptocurrencies like Bitcoin. The speaker discusses the concept of dollar-cost averaging and how individuals can continue to build their cryptocurrency holdings by staying active and consistent. The speaker highlights the benefits of platforms like Hive that allow users to earn tokens through engagement, thus increasing their holdings without additional financial investment.
Detailed Article:
The video opens with the speaker discussing how bear markets are crucial for builders, both at the project level and for individuals in the cryptocurrency space. The speaker acknowledges the challenges of bear markets, with price fluctuations causing wealth erosion and emotional turmoil. He stresses the cyclical nature of markets, noting that bear markets are inevitable precursors to bull markets.
The concept of dollar-cost averaging is explained, highlighting how adding more assets during market dips can lead to greater returns when prices rise. The speaker emphasizes the importance of being a long-term strategist, especially in the volatile cryptocurrency market. He illustrates this with examples, emphasizing how consistent accumulation during bear markets can significantly enhance overall holdings.
The discussion shifts to the importance of building during bear markets, particularly on platforms like Hive. The speaker praises Hive for allowing users to dollar-cost average through their activity without the need for additional financial investment. He explains how consistent engagement on Hive can result in substantial token accumulation over time, positioning users for significant gains when prices rebound.
Comparisons are drawn between traditional assets like stocks and cryptocurrencies, highlighting the advantages of platforms like Hive in terms of incentivizing user engagement and building wealth. The speaker encourages viewers to continue building during bear markets, as those who remain consistent and engaged are likely to see significant growth in their holdings compared to those who exit the market.
In conclusion, the speaker underscores the value of staying active and consistent during bear markets, particularly in the cryptocurrency space. He emphasizes the opportunities for growth and wealth accumulation that platforms like Hive offer, showcasing how dedicated building efforts can lead to favorable outcomes, especially when markets transition to bull phases. The video serves as a motivational piece, encouraging viewers to remain committed to building their cryptocurrency portfolios during market downturns.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.