Topic: What do you intend to tell loved ones about the bear market? - page 4. (Read 356 times)
I'll try to reassure them by urging them to be patient and that the bear market will soon come to an end. And I'll let them know that, according to the history of Bitcoin, there are always a bear markets and bull runs in the cryptocurrency market.so after the bear market period, it will lead to bull run which occurs due to halving in blockchain, which happens consistently every four years. I'll let them know that they shouldn't worry too much about the current market situation that is already leading to an end. I will calm them with some works like they shouldn't let the fear of losing be greater than the excitement of their winning because we are closer to our profit period.
The same thing you tell anyone about a bull / bear market. Things run in cycles, and it's just the way it is.
How much you made / lost be it unrealized or not is a matter that everyone has to make their own decisions on.
What to tell family is always going to depend on the family. Be it BTC, or any other investment.
If you think differently then figure out why if you were treating BTC / crypto as an investment you would discuss it any differently then investing in something else.
-Dave
How much you made / lost be it unrealized or not is a matter that everyone has to make their own decisions on.
What to tell family is always going to depend on the family. Be it BTC, or any other investment.
If you think differently then figure out why if you were treating BTC / crypto as an investment you would discuss it any differently then investing in something else.
-Dave
I consider investments to be strictly personal, specially investments within the crypto space.
I avoid to tell people where to put their money both family members or friends, I am not a financial advisor, after all. I mostly talk about the technology behind Bitcoin and how it helps to transmit value in a decentralized way, but I don't talk about speculation often.
Last time someone asked me if it was a good idea to buy Bitcoin to speculate, I told them "I don't know". Anyone buying Bitcoin for short term or mid term gains is supposed to be ready for high fluctuations of price.
So I do not need to think what to tell my family about this bear market.
I avoid to tell people where to put their money both family members or friends, I am not a financial advisor, after all. I mostly talk about the technology behind Bitcoin and how it helps to transmit value in a decentralized way, but I don't talk about speculation often.
Last time someone asked me if it was a good idea to buy Bitcoin to speculate, I told them "I don't know". Anyone buying Bitcoin for short term or mid term gains is supposed to be ready for high fluctuations of price.
So I do not need to think what to tell my family about this bear market.
I just tell them that it is a part of the cycle and once it is over the good days of bull market will be back.
So just let the time go and once the market recovers then we can make good profits.
This is literally the only thing I tell them to make them calm because they get stressed about the prices.
In order not to make them panic sell at such low prices this is what we should do.
So just let the time go and once the market recovers then we can make good profits.
This is literally the only thing I tell them to make them calm because they get stressed about the prices.
In order not to make them panic sell at such low prices this is what we should do.
I generally follow the rule of not giving investment advice to any people, including loved ones. I can share my thoughts if they seem interested, but I always mention the risks (e.g. that there's no guarantee that Bitcoin will recover from the bear market only because it recovered from previous ones, there's no guarantee that it will recover fairly fast, there's a real risk of the investment going down for some time). After all, why would I give any reason for others to blame me for the money they lost? People should make their own decisions about investments.
During the 2021 era bitcoin price flourished and many investors made lots of profits, out of love for our family and friends it’ll be improper not to tell them about crypto. Even when they’re asking so many question and ready to invest into the market to earn like every other person did. Though I could remember, sometimes last year, telling the writer of my project who asked multiple questions about bitcoin not to buy bitcoin at 50k as he may not gain profits yet. Some of us may have inspired their loved ones to invest into bitcoin. What do you have in mind to tell them about the falling price of bitcoin during the Xmas Dinner?
Coin market cap made an article about this and how to explain things in details for them to understand. Beginning with the Terra fall, Three Arrow Capital, Celsius, down to FTX who tried to save the market, but ended up tearing the recovering bitcoin price apart. Don’t forget to add the Russia-Ukraine war as an attribute to the bear market.
What are your contributions to the right answers for people who ask questions like why the market price is so affected during the festive period?
They’ll be lots of questions to be asked by our family members who invested into cryptocurrency last year, how do we get ready for them?
https://cointelegraph.com/news/xmas-dinner-table-what-to-tell-your-family-about-what-happened-in-crypto-this-year
Coin market cap made an article about this and how to explain things in details for them to understand. Beginning with the Terra fall, Three Arrow Capital, Celsius, down to FTX who tried to save the market, but ended up tearing the recovering bitcoin price apart. Don’t forget to add the Russia-Ukraine war as an attribute to the bear market.
What are your contributions to the right answers for people who ask questions like why the market price is so affected during the festive period?
They’ll be lots of questions to be asked by our family members who invested into cryptocurrency last year, how do we get ready for them?
https://cointelegraph.com/news/xmas-dinner-table-what-to-tell-your-family-about-what-happened-in-crypto-this-year
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