Be Prepared by belemo

hive-175254 · @belemo · Jan 9 '21

$5.57

Be Prepared

I really hate to be a downer but while taking a bath this morning, @nonsowrites [post](https://leofinance.io/@nonsowrites/intrpospection-waiting-for-the-next-bear-run) about the future bear market came to mind.

![war3038098_1280.jpg](https://files.peakd.com/file/peakd-hive/belemo/XoJlHxjX-war-3038098_1280.jpg)

For people like me who live off our crypto holding, you can't go wrong. Every step you take has to be correct, close to correct or take in some profit in some way. This is why despite all the excitement surrounding this bull run, I always find myself thinking about the aftermath.

The aftermath of this period will of course be a gruelling couple of years living in the wilderness with the bears. That period is meant for building and stacking coins for the unknown future run. However, the only way you'll be able to do something substantial in this period is by holding out some liquid cash from your profit.

This is something I've not been able to do recently but this is mostly because alt season hasn't even started yet. I'm hoping that whenever it comes around, I'll be able to jump on the train and end up with a fat stack that I could throw back into hive and power up for even sexier curation.

Anyways, this is just a timely reminder to everyone in the line of battle to stay vigilant and remember to pick your moment to strike the hot metal. Take out what you can take out and store your proceeds for the future. In the same way that we build for the future by hodling crypto for Fiat gains, hodling usdt or fiat for jumping into the future bear market is also a wise move to balance it out.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@belemo/be-prepared)

👍 therising, project.hope, eric818, crypto.piotr, reflektor, hingsten, gunthertopp, bippe, xpilar, ph-support, majes.tytyty, tysler, protoss20, bigpower, smjn, kryptogames, jerrybanfield, steem-supporter, ph-fund, vlemon, staticinstance, discovereurovelo, edgarare1, josevas217, mowemu, drax, hopehuggs, lastminuteman, shaunmza, help.venezuela, jack.russelle, danishmmir, kcherukuri, samminator, greencmetaha, e-r-k-a-n, mikitaly, upme, demondantv, gtpjfoodbank, awah, fucho80, tolustx, syedumair, openmindedtravel, rashid001, unbiasedwriter, iansart, juanmolina, roadofrich, machnbirdsparo, gbenga, thetimetravelerz, daddysavage, beckie96830, alphacore, talktofaith, dreimaldad, akdx, ytyeasin, ferrate, spoke, hosseinrad, cyemela, and 168 others
👎 camillesteemer, islore

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voter	rshares	pct
xpilar	549,627,280,548	12.5%
webdeals	8,104,568,293	50%
kiraxoy	4,986,705,400	4.09%
randomblock1	532,640,093	25%
darthnava	1,212,517,107	25%
discovereurovelo	92,887,372,755	25%
ahmadmanga	487,580,038	25%
hopehuggs	45,172,492,746	80%
lastminuteman	44,167,801,347	4.09%
ericwilson	747,668,608	50%
shaunmza	43,625,420,796	100%
nadabrahmasounds	1,576,812,794	25%
diebaasman	759,281,675	25%
gbenga	16,533,684,109	50%
oluwatobiloba	1,032,534,374	25%
lebah	594,782,198	25%
acwood	3,359,927,000	4.09%
eric818	1,544,652,198,852	40%
melooo182	71,096,639	25%
danishmmir	33,979,465,631	35%
iansart	21,304,978,574	10%
jerrybanfield	142,373,256,303	25%
staticinstance	94,389,016,879	4.09%
samminator	31,084,817,839	50%
epixar	315,604,468	25%
alphacore	13,978,538,356	4.09%
steemisthebest	4,590,013,457	4.09%
gunthertopp	665,522,335,355	12.5%
pisolutionsmru	6,360,311,401	25%
flatman	588,815,074	50%
openmindedtravel	21,926,562,407	85%
shebe	914,697,290	12.5%
madstacks	1,847,593,935	4.09%
greatness96	2,270,530,800	5%
fatherfaith	119,823,220	50%
krazypoet	132,024,220	1%
tfame3865	2,783,545,020	50%
qsyal	1,199,652,685	25%
syedumair	22,192,081,488	10%
nascimentocb	342,842,470	25%
rbbeachdesigns	713,284,476	25%
afuturemodern	96,170,177	25%
bebobaloch	125,029,327	50%
shadowbot	2,594,066,270	4.09%
accelerator	4,758,105,327	1%
vlemon	106,714,460,390	50%
drax	46,351,486,956	12.5%
majes.tytyty	366,990,013,976	30%
upme	25,603,932,051	25%
jlsplatts	64,305,101	5%
gtpjfoodbank	25,145,628,889	100%
thetimetravelerz	15,878,306,003	50%
bhoa	114,276,853	50%
maaz23	211,662,034	25%
ronak10	4,235,702,117	50%
alvinauh	9,092,119,361	25%
drags	3,246,572,871	50%
cryptocheta	2,105,748,807	42.5%
udow	8,570,288,428	100%
mtl1979	288,044,864	50%
zoltarian	3,926,516,407	4.09%
embomb701	2,833,892,491	4.09%
siggiboy81	482,359,038	25%
chekohler	251,070,443	25%
banjjakism	7,992,569,007	20%
acdevan	3,784,743,932	25%
kcherukuri	31,247,948,208	100%
mojubare	769,285,220	25%
drmincu	5,833,824,591	25%
madridbg	837,408,784	25%
mikitaly	26,419,842,693	15%
steemnaishacake	343,158,597	25%
tolustx	23,005,787,411	50%
enisshkurti	4,924,676,718	50%
fourfourfun	5,164,151,737	20.5%
epicdominic	103,536,606	50%
adncabrera	1,111,263,888	25%
benie111	5,719,982,978	50%
emjoe	2,032,449,309	25%
legoman	5,163,821,733	50%
smjn	199,658,555,469	35%
fun2learn	1,013,678,550	25%
ibad4242	391,407,035	50%
culgin	466,791,295	100%
alimehdi244	337,050,677	50%
kimjaguar	2,561,551,401	25%
amicus	2,488,183,571	4.09%
investyourvote	1,838,684,647	45%
ramsesuchiha	6,543,195,423	50%
hazem91	1,426,483,067	10%
felixgarciap	1,014,024,545	25%
penderis	2,203,538,430	100%
maikuraki	238,429,667	5%
suanky	10,306,867,496	50%
joelagbo	6,970,730,340	25%
ylich	453,202,851	50%
peerzadazeeshan	2,813,983,672	25%
josevas217	67,696,782,710	51%
greendeliverence	327,059,099	100%
uyobong	86,761,780	50%
franciscopr	734,240,804	25%
demondantv	25,269,571,047	35%
abdulmath	2,023,229,317	25%
therising	5,684,717,679,312	50%
tiket	2,959,412,206	25%
machnbirdsparo	16,608,497,908	40%
cyemela	11,991,914,989	50%
dreimaldad	13,410,469,007	50%
fucho80	23,503,828,330	50%
crypto.piotr	1,323,272,642,508	41%
jjqf	4,631,595,129	50%
akdx	13,156,659,319	25%
upvotebank	2,160,710,296	25%
mikemoi	115,444,307	50%
musiciansupport	1,842,556,512	50%
bdmillergallery	638,632,293	25%
kolkamkwan	391,930,163	2.5%
camillesteemer	-262,067,018	-10%
tysler	276,560,591,440	47.5%
rengus	1,144,892,468	50%
solarwarrior	1,100,089,874	100%
hardaeborla	4,491,464,435	25%
eliorrios	1,566,735,743	25%
ihal0001	104,758,081	25%
meteoro	261,855,443	50%
nachomolina	6,692,389,220	100%
karamyog	3,599,853,621	50%
shortsegments	11,194,601,113	10%
angelica7	3,440,519,992	15%
juanmolina	19,018,791,622	55%
bigpower	223,078,708,326	12.5%
coach.piotr	1,301,214,463	66%
bestofph	2,388,894,514	25%
amart29	3,152,841,404	25%
jayplayco	1,626,307,893	2.5%
erica005	1,321,576,444	25%
floridelvalle	164,486,169	50%
spoke	12,310,531,694	40%
greencmetaha	27,441,291,888	25%
alokkumar121	2,916,075,082	12.5%
tangela	2,936,812,247	50%
unbiasedwriter	21,376,241,596	5%
creativeblue	3,691,790,962	50%
lemedieval	192,034,316	50%
ojerinde	883,958,204	25%
berthold	2,261,473,384	30%
besheda	1,866,959,462	25%
janettyanez	7,671,138,680	25%
sarkash7011	861,226,461	25%
thethomasstories	85,062,652	25%
budapestguide	4,784,865,835	6%
glastar	1,209,164,503	3%
straighttalk	904,459,434	25%
smokingfit	2,677,290,895	100%
edgarare1	88,419,120,701	25%
ferrate	12,374,555,039	25%
healthexpert	683,132,908	25%
angelik-a	235,427,769	25%
reflektor	1,063,785,807,014	12.5%
bippe	653,499,730,321	12.5%
e-r-k-a-n	26,494,968,927	5%
bambuka	4,069,703,194	25%
hingsten	766,953,370,203	12.5%
goodcontentbot	88,807,674	2.5%
maskuncoro	1,441,601,772	25%
help.venezuela	43,601,037,572	70%
f21steem	4,110,077,324	12.5%
kryptogames	185,814,578,932	50%
happyvoter	7,435,720,546	100%
gadrian-sp	948,014,965	100%
reeta0119	829,076,702	25%
zeruxanime	187,528,687	25%
roadofrich	17,003,235,708	40%
kgcoin	160,411,766	25%
tomlee	1,317,372,598	25%
lord-of-fire	722,576,881	100%
daddysavage	15,471,973,581	100%
chimzysports	5,580,747,416	100%
co2fund	1,586,452,433	15%
dcinside	1,080,791,601	25%
team007	2,451,337,562	25%
project.hope	3,591,725,879,142	40%
maxuvd	10,081,305,346	12%
maxuve	3,661,577,599	1%
cryptomission	2,662,979,236	50%
mowemu	46,879,900,847	45%
simplex-world	8,538,207,124	50%
ph-fund	129,787,391,932	50%
jgb	283,738,428	37.5%
lotto-de	960,631,576	30%
islore	0	-10%
jack.russelle	42,716,551,876	25%
wer-gewinnt	4,204,945,328	100%
hope.venezuela	844,019,759	50%
steem.faith	72,679,737	25%
angel33	96,030,164	25%
awah	24,453,659,453	32.5%
maazmoid123	2,051,000,353	25%
frederickbangs	1,203,112,625	25%
ben-edom	1,177,673,713	25%
eni-ola	453,158,644	25%
papa-mensa	1,190,933,322	50%
steem-supporter	131,035,293,691	25%
croce	64,315,552	100%
crypsteem	263,477,294	25%
hosseinrad	12,271,292,517	50%
protoss20	247,780,190,368	25%
rashid001	21,497,120,184	12.5%
bittern	91,003,932	45%
denzelwash	268,590,230	25%
lovveday	2,171,078,599	25%
unyime	701,300,801	5%
vhenom	1,527,216,986	25%
talktofaith	13,802,760,956	50%
beckie96830	14,784,211,352	25%
isabellta	706,184,379	12.5%
ytyeasin	12,845,998,565	4.09%
ph-support	490,762,368,286	51%
okoyejoshua	666,472,278	7.5%
igahgift	103,703,534	25%
dateempire	151,581,630	50%
aniyom	152,647,685	50%
rabumah	108,390,914	25%
yhitsgregg	370,459,046	50%
johnion	909,399,219	2.5%
deathtox	1,452,351,640	50%
horcorredor	102,300,092	25%
nutellaboy26	498,438,517	25%
motriks	94,912,895	50%
marcomodo	495,373,944	25%
beach-shirts	76,573,136	25%
jackf1001	93,122,249	25%
jillcrypto	93,121,757	25%
captainck	1,561,506,385	100%

@nachomolina · Jan 9 '21

The idea of trading cryptocurrencies is to take advantage of the bear market to "Buy" cheap crypto. Trading crypto for FIAT is actually like turning on a tap and emptying your own wallet. I believe that we must study the market and improve our buying and selling activity.
Cheers, guy!

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@belemo · Jan 9 '21

Yeah and the way to increase your crypto holding is to sell for more fiat, hold for price drop and then buy again. So at the end of the day, it is a give and take

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@nachomolina · Jan 10 '21

I think it is a good way to increase profits.
Ok, greetings

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@josevas217 · Jan 9 '21

Hello @belemo
It's a good reminder, really. 
I don't think this upward trend in the BTC will last for months, so when it's over, and that bear season you mention comes around, you have to have cash to spare. Also, investing to have a better cure reward is a good option.
Not to lose your way is necessary.

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@crypto.piotr · Jan 9 '21

Interesting choice of topic @belemo

> The aftermath of this period will of course be a gruelling couple of years living in the wilderness with the bears

Wow. That's quite dramatinc :))

----

Personally, I do not see any way that we could experience bear market in middle or long term. I would surely expect some pull-backs in short term.

Why?

Mostly because environment is very different now, comparing to previous bull runs. Right now we're witnessing huge expansion of balance sheets across all central banks around the world. Amount of "easy money" being pumped into the system will eventually cause losing value of that FIAT currencies.

So in current days Bitcoin is becoming less of an investment, but more of a "way to protect wealth". Demand will be increasing and supply ... well. Apparently 100% mined bitcoins are being purchased right away by Paypal and some other giants. That's also a game changer.

Yours, Piotr

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@belemo · Jan 13 '21

Cutting off the supply and increasing demand. Institutional participation has generally been profitable in the short term at least. At the end of the day, Bitcoin will turn out to be like any other stock and will rise and fall with the market during an economic crisis or vice versa

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