I have been running into a sort of limbo lately especially with my finances, the bull market has its advantages but it mostly has its dilemmas for people who want to build long-term. Not that we've really had a full blown bull-run but we're getting there.
But now is the moment where I want to set myself up, at least in preparation for when we wouldn't have these shiny prices, where people would begin to lose their cool to FUD, however currently I've seen a lot of people trying to predict when the bull run may come to an end in other to probably plan but a lot of people are still far from their goals and so am i.
Truth is, one of my priorities is cub, for example if I can buy enough cubs, not like really enough but just enough by my own standards then I still keep farming and earning them daily cubs iresspective of prices. The deal is to have sustainance. Another thing is that, a lot of people are selling their staked hive currently.
While many are taking it to be gone for good, I reckon a lot more people are doing this in order to probably buy back when the prices are lower, nevertheless I believe everyone should be planning for when we wouldn't have these prices anymore even if we don't know when the end of the bull. I still reckon some coins will still bloom late while some early bloomers much 'bear" early.
These are of course things that one might put into consideration, DeFi farming is what I haven't really explored well just because of three reasons; money, time and the complexity. Nevertheless just farming constantly through the basics is what I have done. A lot of people are putting in money especially into cubs, because it's believable, its trusted and of course our very own.
A time will come when resources will deplete and person can no longer invest but tk harvest and of course add more liquidity to the stake but now is currently the growth peroid, there's money everywhere, airdrops are flying everywhere, People are suddenly seeing themselves in good finacial positions unexpectedly and of course the danger is this would only last for some time.
Believe me, so many people have one or two of the above but they just don't have the third, or just one and do not have up to two of the above another thing is of course day trading, trading can be lucrative especially to take short term profit and the gains can help one to survive through the bear, its not like it will be totally enough but it could go a long way.
This of course requires a lot of time too, but sincerly there's nothing you'll do these days with crypto that hardly requires time. It's very important that one finds good strategies to prepare for the bear. This is because nothing is worth selling during this peroid and a lot of people find it difficult to accumulate because they keep tampering with what they've accumulated.
The bull should naturally be a time to build and that's why it's important to set one's priorities really straight, for now, it's the season of plenty and no one knows to what extent it lasts.
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My name is @Josediccus, a young Nigerian student who is a Vlogger, A Psychologist, Poet And Sports Writer/Analyst. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers
@Josediccus, your brother-in-pen & heart
I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog
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