My first bear market was tough because I didn’t know how bad it was going to hurt, my second bear market was tough because I knew exactly how bad it was going to hurt.
Discussion
None of mine hurt much because financially I had been down my entire life.
Even with nothing in my bank account, taking risk was easy I literally just sat there and waited lmao
How tough is the 🐢♉ going to be for those that anticipate a tough bear?
It’s always hard
I think it’s worse when you know it’s coming and just have to sit and watch it happen.
Everyone has to get there dick slammed in a door their first bear market—it’s like touching the stove but worse. Everyone need the lesson so they don’t fuck it up the second time around.
I honestly found the second time around worse. Could be life circumstances though. I didn’t have a family to support during the first bear market. The existential dread of having your children’s future riding on your decision making is really a tremendous psychological pressure. Even though I felt highly confident in bitcoin I felt it would be irresponsible not to reexamine it from every angle. So I did that and assessed that nothing had changed fundamentally and that I still believed strongly in my thesis.
My first one was easy but my second one was tough. I really didn't expect us to go below the previous ath. This is when I stopped looking at charts daily.
My first buy was poorly timed in '21, my first bear market was lame but gave me time to stack. The worst part was, in the moment not knowing if I deserved how cool my wife was with it all. Now we have, by our standards a meaningful amount of value and I'm not excited about inevitably watching it effectively get cut in half.
Ha. I still remember when we zapped 1000000 sats just off of a #trustweb... one day that will seem crazy.
On the third one you chilled because even a 70% drop meant you were still 3x up 🕺
I've only known the last one. Glad that's over (for me).
I started learning #bitcoin in the previous bear market and started selling everything for bitcoin when it was at the bottom, never had the chance to buy at 10k tho 😥
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By the third one, you sell everything that isn’t nailed down