Before and after bull run.

[Smartvirus]

Keep in touch with your family and friends before and after bull run, the happiness of profit can also drive one crazy which can make one do something unreasonable such as getting drunk, driving recklessly and many more.  To those who will see this thread, please keep this words in mind.

I get it when you say keep in touch with our families but, do the bear market or bullrun really creates conditions that could lead to lose of life?
Maybe if your invested in altcoins or some scam projects, I’ll agree as most of goose projects are always schemes of scammers and self proclaimed professionals which could easily go to shit, Altcoins as well, they could dump and never get a second chance at anything grate but, with Bitcoin it’s a whole different story.

Bitcoin has got some assurances on it and even with the biggest disappointment in a bear market, its significance is only as you make it in not having to sell. Bitcoin is sure to pump in value with time and as such, having your hodlings doesn’t stagnate its values but ensures you experience what ever happens with price fluctuation.

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[Forever101]

I don't really buy the idea, I think the orientation should go this way, If you are not mature in mind to take investment risk then you have no reason to even start investing in cryptocurrency in the first place, there are other investment opportunities out there you can get your hand into aside a volatile market like the crypto, Too everyone doesn't need to invest in cryptocurrency, if you can't withstand the heat you should avoid the kitchen. There are some of us into crypto that our families are not even aware of our dealings with crypto, because they choose to keep it out of the family's awareness. But a mature-minded investor would know how to handle bad situations like that.

You know what humnans are, humans are greedy for money, there are people who had heard about the fortune others have made through crypto, telling them to stay away will be nothing but joke. So it is best to keep in touch to avoid story that touches the heart. If you ask someone to stay out of crypto then the person now heard about the new bull run that brought wealth to many , what do expect the person to think of you. Not everyone can take such advice , so in that case , you don't have option than to reach out to them. If you take gamblers as a case study, they are very hard to stopped from gambling because they keep hoping for a win

[Asuspawer09]

Before and after bull run , please keep in touch with your relatives who are into bitcoins/Cryptocurrency. We have heard of cases of people commiting different kind of crimes due to bear market hitting them unprepared. No matter how prepared everyone can be, there are people who will keep holding until the bear market strikes.
No matter how prepared we can be, there are people who will loose their funds in one way or the other. We can not fully predict what to expect but we should try as much as possible to be in touch with relatives before and after bull run.
No life is worth loosing for any reason, the bull market and the bear market ahead should not be the genesis of another disaster.

Keep in touch with your family and friends before and after bull run, the happiness of profit can also drive one crazy which can make one do something unreasonable such as getting drunk, driving recklessly and many more.  To those who will see this thread, please keep this words in mind.

I mean there are a lot of cases like this but mostly it is because they are really gambling on something like investing in a very high-risk reward project, there are some cases in the DOGE coin era, or when a mem coin was launched investing a huge amount on this tokens was obviously not a good idea and for sure a big gamble, also there are some futures trader having very big leverage as well is going to be very risky even though it is Bitcoin or whatever currency it is leverage trading is a big bet so I dont really recommend it especially if you are going to trade all of your funds, which is probably one of the mistakes these people do is just putting everything on one basket, like YOLO something like that which really going to depress them leading to cases of suicide.

Just imagine saving your whole life and then you're just gonna put it on a gamble just like that, I mean for sure it is going to be huge and could probably change their life if they actually win it, but it's also going to be the opposite if they lose, its not worth the risk since it's going to be really difficult to recover from that. I wouldn't even recommend investing if you don't have the financial foundation.

[Outhue]

So how is anyone going to know if someone living next to them could commit suicide because of crypto investment? This is stupid, are you going to keep tab on every living beings in the world I don't get it, we should be talking about risk management, anything can go to zero in crypto space and even in the world off the internet.

People who take their own life because they lose money used money that they aren't ready to lose, it's either they are greedy or they just don't have the risk management knowledge, what could possibly go wrong if you use a certain amount of your total income to take risks of crypto assets?

I use 10% of my income to invest and even if I use more I am always ready for the worst, this is me, this is how I do my things and I am ready to start from the beginning again, I was trained this way, I am a risk taker by blood, but I will never take my own life because of money, it's not the end of skills that we can learn and earn with, many people have rise and fall and they still get up again, it's pointless to take your life because of money.

[Fara Chan]

You know what humnans are, humans are greedy for money, there are people who had heard about the fortune others have made through crypto, telling them to stay away will be nothing but joke. So it is best to keep in touch to avoid story that touches the heart. If you ask someone to stay out of crypto then the person now heard about the new bull run that brought wealth to many , what do expect the person to think of you. Not everyone can take such advice , so in that case , you don't have option than to reach out to them. If you take gamblers as a case study, they are very hard to stopped from gambling because they keep hoping for a win

Things related to money will always be of interest to many people and if there is advice that calls for staying away from money, I don't think anyone will want to hear it because basically everyone works to make money. So the advice to stop working and stop earning money will forever be ignored and even laughed at because all humans need food after they earn money. So there is no need to advise other people not to use crypto and the like if those things are related to money and income for many people.

[Winterfrost]

This is something that should be taken consideration. I must say OP you have done well to remind us to check on our loved ones especially those who are into cryptocurrency and have invest little or a lot into. Also there are other ways to help keep them informed so that they wont go through their hard time's alone. It is obvious that during this time a lot of persons are panicking since Bitcoin the pioneer of the cryptocurrency market has dropped down less than 25k. Some persons are speculating that it might even go below it but none its certain. So its the right time to convince your friends that this might look like a dip but there is a tendency that the market will retrace and in the future. If they don't have money to buy more or they are scared of buying then you should advised them to hold.

I believe this period is a test for patience. Only those who truly trust and believe in Bitcoin will overcome. Since you have learnt a lot from the forum, you can share your experiences with them or its even better you introduce them so that they can learn with you and see other Bitcoin enthusiast, that alone will boost their confidence and they wont feel alone in the crypto world.

[Woodie]

Before and after bull run , please keep in touch with your relatives who are into bitcoins/Cryptocurrency. We have heard of cases of people commiting different kind of crimes due to bear market hitting them unprepared.

I think we are being unfair to always expect the markets to keep going up without sweeping lows where liquidity lies to gain momentum to make new high's. As a matter of fact if we want greens be prepared for the Reds as this world everything comes in pairs!!

Though you caught me off guard as I haven't seen or read about these crimes that come from crypto investing and the bear 🐻 market. If this is the reaction we get after a bear market then investors need to treat this as an investment they are willing to lose though technically you won't lose your coins.

No matter how prepared everyone can be, there are people who will keep holding until the bear market strikes.

These are the hodlers that get rewarded handsomely for believing in crypto in the bad and good times as they show they have the nerve and guts to hodl and remain unshaken nomatter the circumstances!!

Keep in touch with your family and friends before and after bull run, the happiness of profit can also drive one crazy which can make one do something unreasonable such as getting drunk, driving recklessly and many more.  To those who will see this thread, please keep this words in mind.

Timely advice that needs to be echoed more!!

Especially that we have read of suicides in the past leads me to believe this could save a life, thanks for the advice !

[LogitechMouse]

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Keep in touch with your family and friends before and after bull run, the happiness of profit can also drive one crazy which can make one do something unreasonable such as getting drunk, driving recklessly and many more.  To those who will see this thread, please keep this words in mind.

Not only before, and after the bull run, but every day. We need to keep in touch in our family members especially when it comes to investment. I don't know if it's good for me, but I don't have any close relative that's involved into crypto as of this moment though I know some of my relatives who are into investment, they aren't that close to me.

Anyway, it would be better to just teach them what can happen during a bull run, and a bear run as well so that they will not commit heinous crimes, or do anything bad because their investment is down by a huge percentage. I've heard some news regarding investors who are unfortunately committing suicide because of their wrong decisions. A quick google search can give you many articles regarding them.

Like what others said already, thanks for sharing your advice. This might help 1 or 2 users here, and change them in a positive way.