We are in a bear market, but is it a short, medium or long one?

Alessio Rastani is a YouTuber that basically taught me stoicism in investing. The most valuable lesson I have learned is that I can only control my losses.

In his last video:

He goes over why does he think we are in a bear market, at least for Bitcoin, but to me consequently to all cryptocurrencies.

Basically, we have lost support in many time frames on Bitcoin, and that break from support was confirmed, and it is set up for a downtrend that may carry the rest of the market with it.

We are in the "extreme fear" territory, and while it is generally better to buy while the price is going down and people are in fear, we may lose opportunities by pulling the trigger too soon.

For HIVE, it is of course cheaper buying now, during a downtrend and below $1, than 1 month ago, when it was near $2 but if you do and the bearish market lasts months or years and we happen to go, for example, to $0.20 you would lose the opportunity to get 4x as much HIVE as you would.

That is an extreme example to illustrate my point. $0.20 is where we were at at the beginning of 2021 and right now it sounds immorally cheap, so I doubt we could get there, but the possibility should be considered to always be there.

I have posted before that I am optimistic about HIVE, but with caution:
https://ecency.com/hive-167922/@igormuba/hive-daily-price-optimism-with

In my post, I explained why I was powering down, I saw we could go down, but also I am a believer in Hive and HIVE (blockchain and coin) so I would be selling slowly with the intention to buy lower and accumulate more, but I mean sell very very slowly, so I wouldn't miss if we skyrocketed upwards.

It just happened that we went down, and I had a plan for that too, just like I had it if went up. My goal is to reach 10k HP this year, I thought it was insanely high and impossible to get there this year, but with a deep and prolonged bear market, I might just be able to make it there.

The point of the video, and my post, is to help people exercise caution. The prices are good, but there is no guarantee it won't fall further and give us more opportunities, and no guarantee that it will rise for us to see and buy cheaper. The best we can do is tread carefully. Have a plan for both sides, what would you do if we kept going up? And what if we kept going down? Plan that and follow your plan.

You can't follow someone else's trading strategy because their strategy is designed for their behavior and mindset, and you just can't copy their behavior and mindset, the best you can do is pretend. Everyone thinks and behaves differently and that is why each and everyone must reflect before investing, and trace and follow their own plan.