Cryptomarkets Red: An Approach After Going Through A Few Bears

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When things get slow, that is the time to get busy.

This is something that the experienced people on Hive understand. Those who are building and developing are not put off by a decline in prices. They understand what is before them and simply operate in accordance to get where they desire to be.

In this video I discuss how that, when prices drop, activity slows. This is something we see each major pullback/bear. We also see, after things turn around, many people who disappeared suddenly reappearing. Of course, they mention how much time they missed and how it set them back. Unfortunately, it seems like they follow the same path on the ensuing price decline.


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It's almost certain that those people would return again once the bull makes a comeback -- complaining that they should have waited, or the likes.

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I prefer not to pay attention to crypto prices as much. Set and forget is the better thing to do. Just continue while not care about the prices.

I don't try to do it on the crypto markets as much because its open 24/7 and I don't want to pay attention to it while I sleep.

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Exactly. I was the in and out type early on but for the last few years the writing has been on the wall. Crypto is necessary and too far along to quash now. Any of the major coins are more or less adrenalized savings accounts for the next 5 years at least.

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Once you've been here long enough, you begin to see the cycles play themselves out over time. Steady as she goes and stack, stack, stack. My issue is that I'm always flush (and buying) when the price is high and hurting when it's low. But my crypto-ship just keeps sailing along... :)

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Lol. Same here. Every height I think this is the time it won't stop until a single satoshi can buy a house so I always end up having to hodl the last I bought until the next spike.

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Did the server certificate for 3speak.tv domain expire? My antivirus keeps blocking the domain (thus the videos too) for this reason, that the certificate was revoked.

Sorry for the off-topic comment.

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Same here. I had to stop about halfway through and now I get an authenticity error.

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Summary:
In this video, Task discusses the current state of the market, focusing on the impact of red market days on sentiment and activity within the crypto space. He emphasizes the natural occurrence of market pullbacks and bearish trends, advising viewers to focus on what they can control rather than being swayed by market fluctuations. Task stresses the importance of staying active and consistent, especially during downtrends, highlighting the opportunities for growth and visibility during these periods. He also touches on the significance of development efforts during bear markets to prepare for increased activity when the market sentiment changes.

Detailed Analysis:
Task starts by acknowledging the prevalence of red market days and the negative impact they can have on people's attitudes and activities, specifically mentioning the decrease in activity on platforms like Hive during bearish trends. He stresses the inevitability of market pullbacks and bear markets, advising viewers to prepare by exiting the market before major downturns if possible. While acknowledging that timing the market perfectly is challenging, he recognizes that some traders can do it effectively.

The discussion then shifts to the behavior of individuals during market downturns, with Task pointing out how many users tend to disengage during low periods and return only after missing out on potential gains. He emphasizes the importance of staying active and increasing efforts during slow market phases to stand out and benefit from the increased weight of votes and curation rewards.

Task highlights the unique aspects of platforms like Hive compared to traditional cryptocurrencies like Bitcoin, pointing out that on a blockchain like Hive, users have more control over their activity and can contribute to their growth through consistent engagement. He notes the value of consistency in development efforts, using Splinterlands as an example of consistent development regardless of market conditions.

Furthermore, Task emphasizes the need for individuals to treat their presence on platforms like Hive as their own business, focusing on long-term goals and consistent daily actions to achieve growth and success over time. He stresses the importance of focusing on what one can control, such as daily activity and engagement, rather than being overly concerned with market fluctuations.

In conclusion, Task encourages viewers to focus on the long game, stay active, and remain consistent in their efforts to benefit from potential market upswings. He highlights the strategy of accumulating assets during market downturns and adds that the increased holdings will lead to more significant profits when the market eventually experiences growth. Task's overall message is one of resilience, emphasizing the importance of consistency, activity, and a long-term perspective in navigating the volatile crypto market successfully.

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