But seriously, you’ve no doubt heard about the great market crash of 2022. Bitcoin is at the lowest price it's been since July, treading below $40k.
And of course, Ethereum, Solana, and the rest of the crypto market is pretty much determined by the direction Bitcoin is moving and thus, is on a bit of a down slope as well. And “bit” is definitely” an EXTREME underestimate here. We’re seeing falls of over 50% in the price some alt coins.
Aaaand that’s the just the crypto market.
The stock market is on quite a downslope too rn. It's a shame, but it seems the "decentralized" market (of crypto) is following the same trends of wall street.
Shows you it's not the government who regulates the economy as much as it is the billionaire wall street investors. Crypto has become just another playground for the rich kids, but I digress.
The market continues to dip. And people continue to avoid it like the plague.
And those are the same people who say "Man, I wish I bought Bitcoin when it was only $200 or Ethereum when it was only twenty bucks."
Or they’ll say “Man I wish I bought Amazon stock when it was only a couple dozen bucks”
But here's the thing, if you ain't gonna buy now, you would NOT have bought then. Let me say that to you again: If you aren’t buying in the market right freaking now, you would not have bought it during the supposed “glory days” when it was the right time to buy.
Let me tell you about the “glory days”. The glory days weren’t so glorious when they were around. I mean look, the opportunity to buy stock or crypto at a low price wasn’t when the market was doing well. It wasn’t when people were profiting like mad and becoming millionaires.
It was when the market was a scary place to be. It was when there was FUD, that fear, uncertainty and doubt. It was when it was a scary place to be. It was when the market was an utter shit hole if we’re being honest.
Back then? It was an intimidating dip in the market that was going down until an unforeseeable time in the future -- just like we're seeing now. History repeats itself, man.
Let's recap in case you forgot! A little history lesson here. We’ll take a gander at Bitcoin as an example.
2013, that was the year Bitcoin rose from $13 a pop to a whopping $1100.
After surging up to that price. What happened? An epic crash! All the way down to around $400.
We're seeing a similar crash, now folks.
If you ain't buying now, you're gonna be whining and complaining in a few years about how you wish you bought bitcoin when it was under $40k.
The market scared you away before and you DIDN'T buy. And you're gonna let it scare you again?
I'll quote the dude who posted the original "HODL" quote from back in the day when we saw this same type of crazy crash:
"You only sell in a bear market if you are a good day trader or an illusioned noob. The people inbetween hold. In a zero-sum game such as this, traders can only take your money if you sell.”
He’s saying you gotta procrastinate selling off your holdings, folks. Don’t give into the panic and fear that comes about during a huge crash like this.
Relax dude. It’s only a crisis if you make it out to be. Waves come n’ go, but if you panic when a wave comes, instead of just floating on, you’ll surely drown.
Even if it was a great economic downfall. Did you know the stock market has been in an upward trend since the freaking Great Depression, arguably one of the worst economic times in history?
Look, if the economy/market can recover from the Great goddamn Depression, it can recover from any little dip in the market.
And remember, as a wise man once said "Time IN the market is better than timing the market."
Buy, hodl, and ride the roller coaster folks. Just lay back in your lazy and wait for the storm to pass. And it will pass…eventually. Low n’ slow is the way to go when it comes to your money.
Be patient. Procrastinate selling. Have the patience of a procrastinator. Tell yourself you’ll get to selling “later”.
Not financial advice, just telling you how I see it. Please, don’t take this as any sort of advice. Always DYOR to make your OWN informed decisions. Don’t be making investments with your money based on what you read on a blog written by some random lazy ass dude. Take responsibility for your own financial choices.
Anyway, that said. I'm telling you, personally, I had over three dozen Bitcoin at one point. And you know what? I got scared of the crash and sold at a few hundred dollars at a loss.
Use me as a case study. I could have been a fucking millionaire right now if I did the procrastin8r thing and just waited it out and held. But hey, we live and we learn. We learn to embrace our laziness and let good things come in due time, let good things come eventually.
You may not make it rich quick, but you can make it rich slowly. Take your time to STAY in the market, rather than rush on the hype.
One rule of thumb you could follow is to do the opposite of what everyone else is doing in the market. If people are panic-selling, well then that’s the time to buy. If people are banging on the hype and buying, well that’s the time to sell.
You want to do the opposite of what “everybody” else is doing. That’ll put you in a winning position. Like, you don’t want to sell when the market is a selling frenzy. You’ll only be accelerating the downslope.
People see the market crashing. They’re afraid there won’t be an end to it. So they sell too. And more people see the market continuing to spiral downwards and it just creates this perpetual loop of mass hysteria.
In the investment world there are only winners and losers. There are people that make bank and people that watch their life savings tear away.
You’ve got to have a winning mindset in order to come out on top , and a winning mindset comes from the ability to THINK, logically and rationally think long-term.
You can’t give into the short panicky bursts of emotional turmoil. Market or not, that’s not the procrastinator way. Always remain Cool, Calm, and Laid Back.
I know. It may seem hard. Especially when you’re watching your investments plummet to oblivion.
But really, it’s actually easier not to give a fuck. Don’t give a fuck with how the market is doing in the present.
Give a little Yawn and say “whatever”.
Instead of taking your money and running (at a loss), just take it easy, man.
I mean, yeah, sure the market is down right now. There’s no denying that. And of course people are alarmed, absolutely alarmed about this whole thing.
Right now, the fed is in talks about increasing the tax rate on investments in order to alleviate inflation a bit. And that leads to a lot of uncertainty.
How high will the tax rate be? What does that mean for profits on my investments? Etc, etc.
There’s a whole plethora of unanswered questions leading to that uncertainty and it is during times of uncertainty that people live in fear. Hence, the insane amount of panic that we see going on right here.
But I want you look at, I want you to shift your focus, not on what’s happening right now, but look at the future.
I mean in terms of crypto, you gotta ask yourself: Is this a technology that is growing or fading away?
Of course, people are spinning their heads right now saying “IS THIS THE END OF CRYPTO?”
Well, look, I’m not talking about the agitation in the market currently. I mean the actual technology of the blockchain itself and cryptocurrencies. Is that something that will be around long-term?
Well, you gotta look at the trends. Are people actually using it? Is blockchain technology becoming more widely adapted and mainstream? Or is it disappearing entirely and remaining kinda niche? Are people more interested in crypto today than they were ten years ago?
These are the type of questions you gotta ask before you give straight into that panic of “OH NO IT’S OVER!”
I think what we’re seeing is an upward trend in the adaptation of blockchain tech .
Facebook is building their own metaverse. Major sports leagues like the NFL and UFC are selling NFT trading cards and tickets. Adidas and Nike likewise sell clothing related NFTs. AMC hired game developers to create a metaverse game based in the Walking Dead universe. The list goes on and on of these major brands implementing the use of metaverses, cryptocurrencies, and blockchain technologies.
More and more stores are accepting Bitcoin as payment. There are more and more games with NFTs being developed.
As for stocks, I mean ya got blue chips like Coca Cola, which people are always gonna drink and McDonald’s, which people are gonna always eat.
And I mean Amazon definitely ain’t going anywhere any time soon, nor is Google or Tesla for that matter.
Look, it’s a dip the market. It happens. You may not like it. I mean, no one does to be fair. But hey, it’s just part of the game.
Sometimes you roll a nat 20, sometimes you roll a nat 1. Just the way the game goes sometimes.
Now I’m going to share with you my little lazy investment strategy, if you wanna even call it that. I mean it’s as easy investing as it gets. Again. Not financial advice in any sense of the word. Anyhoot…
I always just buy (a small amount of crypto) on a weekly basis, then hold.
Having a consistent investment like that makes it so I don't gotta worry about what the market is doing.
My gains makeup for my losses in the long run, because I'm always in the market, even if at times I buy at the "wrong time".
There really is no "wrong time" when I put just small amounts in periodically. Putting large chunks in at a time is a larger risk.
Besides, you don't lose anything unless you sell at a loss.
I repeat: You don't LOSE until you SELL.
The price is arbitrary.
Consider it a negotiation. You're haggling to get the price you want and won't settle for less.
The price on the market is what's being offered. You don't want what's on the table. You want more.
And the best position in a negotiation is the ability to walk away and mean it. So walk away from the market, as in, refuse to sell to what price it's offering.
They did the math. A user on Reddit calculated it takes an average of around 5 months for Bitcoin to recover after a 40% dip. So sit back and procrastinate selling off your holdings. Hibernate. It's winter time.
Things will warm up soon. Just be patient. keep the mindset of "eventually". Eventually your earnings will grow. Eventually the prices will recover. Eventually, you'll be just fine.