Bear Market Tips For Content Creators
The bear market comes with a series of opportunities but also challenges, many of them psychological in nature.
If you're not paying attention, you may be put down by all the doom and gloom around and by the state of your portfolio in dollar terms.
Personally, I found some ways to avoid being too much affected by it, and I'd like to share them with you.
1. Don't Keep Your Eyes on The Dollar Value of Your Portfolio as It Drops
If you are a trader, that's probably what you do, and that's ok. But for a regular crypto investor, seeing them drop in value daily can be a major downer.
If you have a routine of tracking your portfolio weekly or monthly, that's a different deal. Keep that routine as it may reveal actions you need to take that otherwise you wouldn't know about. But be aware that seeing major drops will affect you, even if you think they won't.
An alternative would be to start tracking everything in crypto instead of dollars. I need to switch to this too at some point, even though USD is the top dog for real-world purchases.
2. Don't Read / Listen to ALL the Negative Information Out There
It's important to be informed if that can help you take better decisions, but if you subject yourself to all the negative information (and that includes Youtube, Twitter, or Hive), then you'll be contaminated by it and you won't see the benefits of the bear market and will be paralyzed when you should act.
Personally, I only check out some negative articles enough to be informed, and briefly.
3. As a Content Creator, Don't Write Too Often About the Doom and Gloom
Just like reading about it, writing or speaking about it will affect you, maybe even more. That's why I often prefer neutral topics during these times or positive ones.
People will find more relief in non-negative topics too these days.
And sometimes, even when I approach an unpleasant topic during such times, I might add a little humor or irony, or self-irony to it. At least I try to. It's not working out very well all the time.
4. Have One or More Posts Prepared For When You're Feeling Down
You can have a few posts saved as drafts ready to be published when you don't feel in the right state of mind to write a fresh one.
That's an option.
Another option is to have a neutral topic in mind (but not written) for such a moment. One that doesn't require you to show your emotions, unless you want to transmit your state of mind to your readers or you are very good at dissimulating it (I'm not, lol).
For me, a description-based post works out. If you include steps it's even better, because you focus your mind on that instead of whatever got you down.
5. If You Use LeoFinance, Set Your Payout Display to LEO
With LEO well under $1, it's indicated to switch your payout display to LEO in LeoFinance (Profile -> Settings), instead of USD or both.
Even if we are talking about the same value, it's one thing to see a 0.5$ payout and another to see 9 LEO.
If LEO ever goes back to 1 USD, that's 9 USD, not 0.5 USD. Of course, before going back up, it might go lower if the market tanks further.
Unfortunately, you can't do the same with any of the general interfaces, PeakD, hive.blog, or Ecency. They don't have a way to change the "currency" under which the payout is displayed to HIVE during the bear market.
6. Check Out Your Vote Weights
With the drop in dollar value of HIVE, make sure you check the weights with which you vote, especially on comments. Until something might be different, if the payout drops below $0.02, it won't be paid.
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These are great tips, thank you for sharing them. They would definitely help a lot during these challenging times. The last one is very important too :)
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It is the Yin/Yang. A bear market is just the other side of the bull.
Those who went through it before know it will come to an end.
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That's right. It will definitely come to pass. This is the first bear season where I'm most active & productive :)
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Indeed, I noticed it on my own votes as their dollar value started to shrink.
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It's great that you mentioned it, noticed that there are a few who are voting comments way below $0.02 and they might not be aware that they are wasting their VP in the process.
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That's how my idea came. Because I noticed those votes.
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All very good points. Those of us who went through this before understand it is temporary, although it can feel like forever. Now is the time to build and expand one's place on the chain.
Less people posting since they allow the price moves to affect their outlook.
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That's true. But sometimes if you surround yourself with negativity, you will be affected as well, even though you know what a bear market feels like and what you should do during it.
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This is encouraging, many people live out of writing here and the situation might not be palatable for them now. They need encouragement and strength. Thank you for the update on voting. I noticed my voting weight in value jas reduced if am not wrong because am still learning alot.
Yes, the voting values in dollar terms have reduced for everyone on Hive.
At the same time, you should check the number of tokens you receive, not the dollar value. Their dollar value will rise in the bull market.
Also, when fewer people are posting, there is less competition for the reward pool, and thus the likelihood of receiving a higher share of them if you remain active.
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Thank you for this information. Regarding the vote value, I was thinking otherwise.
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I always have my payout displayed in LEO, but I can't help myself from looking at the dollar valuation of my crypto portfolio.
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I changed mine to USD when LEO skyrocketed, but now it's definitely not a time to look at the USD value.
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I like the dollar valuation. Reminds me to buy at a good discount.
As long as it doesn't get you down looking at your portfolio bleeding, it's great. I see many people talking about their portfolio bleeding...
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The existing portfolio is of course bleeding, I have a long time horizon and this is the perfect opportunity to prepare for the next bull market and trade big cycles.
Sure, I do the same. :)
Great tips! The first ones are very hard to do with all FUD and hate all around... It would be great to follow them and I try to do it like that, but it's helluva hard... 😃
Number 4 is very important and not many people do it... You will be down, and you will be unable to do posts sometimes, so why not prepare it in advance?
Great post! Thanks for helping others!
Thanks mate!
Well, if you build a sort of virtual informational firewall around you, you can reduce the FUD. You can't really block it entirely, but even a reduction gives us some room to breathe.
I don't schedule either, because I got used to writing about the new stuff I find out.
But often I have at least one or two ideas for posts that can be inserted during days when I don't have a specific topic or when I don't have a proper state of mind to write something else.
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That is a must... and to WRITE them OUT! At my age, if I don't write it down, I will 100% forget it... lol... 😂
Yes, absolutely!
Great tips on riding the bear market @gadrian, another great upside is that we get a lot more Hive for our HBD now, keep up the good work and stay awesome.
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Thanks. Yep, people get more HIVE for their HBD part of their author rewards. Or if they sell HBD for HIVE.
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That might be a contributor to Hive not falling as much as other crypto.
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As someone who has slacked off a bit lately, I definitely needed to read these today.
Great advice here for us bloggers :)
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Some of these came from my analyzing my own issues during the previous bear market.
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Solid tips, bro... I just need to get at it, much like a few important real-life details. It seems like the whole world is entirely out of sorts, and I don't think it's just me.
I appreciate this approach, @gadrian. Thanks for expressing it. 👊
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Thanks. Yes, the whole world is a bit messed up right now, but being connected to all the bad news won't help us.
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number7: you can make shittier posts, nobody cares anymore :P
Lol! You never know... If someone gets pissed, the reaction might be stronger than usual during these times.
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Great bear market tips, focus on units not price!
Stay positive and help keep others postive.
Well stated.
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Not always easy to achieve under these conditions, but at least we can strive for that.
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I think the 1st tip is the most important. The price is what affects people the most and it can cause some FOMO or FUD to make bad decisions.
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Price is important when you want to buy. But if you stay with your eyes glued to the screen watching market moves during the bear market and you are not a trader, you are hurting yourself.
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For those vote comments that fall below 0.02 I use a dust-sweeper service, I think it helps, even if a tiny bit :)
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Yes, it works. But if you constantly vote under the threshold, I'm not sure it upvotes above the threshold all comments. Plus, you need to keep funding it.
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I was wasting a lot of votes before just because I wanted to drop a vote on a comment as a gesture instead of actually commenting on something meaningless.
YAY, it looks like I saved $0.18 :)))
No, you saved 0.18 for others and 0.1 for you.
Don't I get half of that 0.18 as well?
I don't think so. That's how the curation split was, based on votes, as far as I understand it.
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Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work
Thanks, we all need all the positive tips we can get now to stay active.
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I hope they help! :)
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I love the negative sentiment and writing about it, got a whole series planned ;)
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Ok... But most people don't. You might be a great shorter if you do.
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Dont get me wrong I amn not shorting anything. This is no time too long or short, 2022 will be a very good time to buy spot. The thing is there is nothing negative about a market up or down, you just need to surf it. And that is what I think that is what content should be about.
So, an objective analysis of sorts... As far as any one of us is objective when analyzing the market or anything. Sure, I can understand that approach.
I like your objective view of our own objectivity but yes that approach indeed I am not a perma bear !CTP
Awesome advice, as usual, Adrian. Thanks for sharing these tips. We are all in this bear together and I expect we will rise up with the bull in the not too distant future.
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I don't want to sound pessimistic, but this is the acute phase of the bear market, the one people will bare because it doesn't last too long. But the harder part is when the crashing stops and the side moves start. They will seem to never end.
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Great tips, I'm very happy that I'm not on top of the markets anymore. It was exhausting checking coingecko every 10 mins :) lol. Since I started focusing mostly on Hive stuff, I just keep doing what I do and do not worry about the price while doing so. Of course, it's happy times again when things go up but I'm mentally prepared for a long haul, just in case.
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Staying connected with market movements all the time, especially when losing money on paper, puts us down. And that affects everything we do and every interaction we have. So why do it?
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Yeah, I truly noticed the way it affected me constantly, while to be honest, I really care most about the Hive holdings lol. Therefore I just keep building and focus on content creation instead :) Much better for the mood!
I completely agree! I also play games on Hive, but games tend to be frustrating sometimes, lol.
That made me stop playing Splinterlands haha, the frustration :)
Some great tips there. Avoiding the $ value is a particular good one. Cheers!
Thanks.
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