What can you do aside from sitting and waiting

[mustapha67]

What is wrong with sitting and waiting until bitcoin recovers? Not all bitcoin investors are totally focused on it, some are just doing it during their spare time, when day job is over or when its a break time. So the only thing to do is just to wait patiently until bitcoin shows a positive sign. These are the kind of people who can stay calm despite how bitcoin price is dropping low, and for me that's the advantage if you treat bitcoin as a side hustle, because you have a permanent job always with you.

The thing is, bitcoin price will always recover, that's for certain, and history repeats with regards to how bitcoin price moves up or down.

Your thoughts are just splendid, Sir. It is important that one should be observant, and cautious of the market. Experienced investors should be able to watch, and wait for the right moment to buy or sell, depending on the market season. Besides, I understand that most investors here are also occupied with other business sectors which may equally allow for moments of sitting, and waiting.u

[mustapha67]

When the market is down, what should we do? Should we just wait and watch the market’s every little move? No. What else can we do to earn money? That is what we should be asking.

First, don’t forget that DCAing is a notable strategy. Instead of just waiting, this can be done to maximize the time where bitcoin is declining. Second, find side hustles that pay in bitcoin. There’s a lot of works in the virtual world where they pay in bitcoins. Third, learn more. Learn new skills if needed. But just try to learn more about bitcoin. I know I am already familiar with bitcoin, but there’s too many things I have not encountered yet and I believe I can be of better part of the society if I did understand that experience.

You are right we can make a lot of money or we can't make anything haha, but bro I like your enthusiasm as you are very optimistic, about finding way and doing things and there are indeed few was to make money in the form of BTC but bro I am sure there is not a lot of work in this industry that most of them pay in BTC.

We can ask them to pay us in BTC thought like we are receiving payment in the form of BTC now.

market can be down, we should wait and learn things, we should manage our funds, we should make a plan about this dump, either we should invest or not.

Sounds interestingly inspiring, Sir! An investor who is intelligent should be able to observe the market season, and if the season is favorable, it is important to take certain steps to secure funds pending on when the market becomes conducive. The two official seasons in the market are 'falling and rising'. Although, these seasons are unpredictably alarming as per usual, or usual drops, and inflation moment.

[shinratensei_]

When the market is down, what should we do? Should we just wait and watch the market’s every little move? No. What else can we do to earn money? That is what we should be asking.

First, don’t forget that DCAing is a notable strategy. Instead of just waiting, this can be done to maximize the time where bitcoin is declining. Second, find side hustles that pay in bitcoin. There’s a lot of works in the virtual world where they pay in bitcoins. Third, learn more. Learn new skills if needed. But just try to learn more about bitcoin. I know I am already familiar with bitcoin, but there’s too many things I have not encountered yet and I believe I can be of better part of the society if I did understand that experience.

Just stake your coin, even with low APR it can be great. Take example if your entire saving is in bitcoin, getting 3% APR on bitcoin sitting doing nothing is already good enough, the disadvantage would be your asset is in custody.
I do this a lot when I turned from a trader to investor because of the market movement and I don't want to realized my negative PnL.

[Wildwest]

What is wrong with sitting and waiting until bitcoin recovers? Not all bitcoin investors are totally focused on it, some are just doing it during their spare time, when day job is over or when its a break time. So the only thing to do is just to wait patiently until bitcoin shows a positive sign. These are the kind of people who can stay calm despite how bitcoin price is dropping low, and for me that's the advantage if you treat bitcoin as a side hustle, because you have a permanent job always with you.

The thing is, bitcoin price will always recover, that's for certain, and history repeats with regards to how bitcoin price moves up or down.

Your thoughts are just splendid, Sir. It is important that one should be observant, and cautious of the market. Experienced investors should be able to watch, and wait for the right moment to buy or sell, depending on the market season. Besides, I understand that most investors here are also occupied with other business sectors which may equally allow for moments of sitting, and waiting.u

If we are looking for safety and do not want to take too high a risk, the method you said is indeed very good for investing, we wait until the market returns to normal and is suitable for investing, but if we focus on the crypto world, something like this will certainly harm us because we do not use the time that passes well, unlike those who have other activities that are only used to spare time to monitor market movements, and as you said, we all certainly have other businesses so we are not too focused on the crypto world, especially bitcoin, so waiting at the right time is the best choice.

[Silikiem]

What is wrong with sitting and waiting until bitcoin recovers? Not all bitcoin investors are totally focused on it, some are just doing it during their spare time, when day job is over or when its a break time. So the only thing to do is just to wait patiently until bitcoin shows a positive sign. These are the kind of people who can stay calm despite how bitcoin price is dropping low, and for me that's the advantage if you treat bitcoin as a side hustle, because you have a permanent job always with you.

The thing is, bitcoin price will always recover, that's for certain, and history repeats with regards to how bitcoin price moves up or down.

Your thoughts are just splendid, Sir. It is important that one should be observant, and cautious of the market. Experienced investors should be able to watch, and wait for the right moment to buy or sell, depending on the market season. Besides, I understand that most investors here are also occupied with other business sectors which may equally allow for moments of sitting, and waiting.u

If we are looking for safety and do not want to take too high a risk, the method you said is indeed very good for investing, we wait until the market returns to normal and is suitable for investing, but if we focus on the crypto world, something like this will certainly harm us because we do not use the time that passes well, unlike those who have other activities that are only used to spare time to monitor market movements, and as you said, we all certainly have other businesses so we are not too focused on the crypto world, especially bitcoin, so waiting at the right time is the best choice.

Instead of waiting for any perfect time to buy as a reason of looking for safety and not wanting to take too much risk, why not just go be the DCA method of buying bitcoin with just a discretionary income either weekly or monthly basis depending on when you’re able to get it. This way will be far more better as you’ll have the opportunity to accumulate bitcoin at any market price and hold to gradually improve your portfolio for the long term purpose. Waiting when you have a discretionary income won’t add anything to your portfolio and we all know that your profit level is mostly dependent on the amount of bitcoin stash you have in your portfolio.

[bounceback]

We have things running in our life before the market start to be down. The market being down doesn't put a stop to what we have been doing for a long while.  Whatever that it is, that you have been doing that provide and gives you money to invest in Bitcoin through DCA, ride on with it because nobody knows when this bearish market we are about entering will come to an end

If we've entered a bear market, ready or not, we'll have to wait another four years for the bull market to arrive and end the bear market in the next cycle. When the market is down, we can say that DCA is the right decision to accumulate Bitcoin, but we need to realize that sometimes some people may not have sufficient funds to use this method to capitalize on the downward momentum of Bitcoin's price. For those without sufficient funds, perhaps seeking side income by working on airdrops or participating in signature campaigns paid in Bitcoin or USDT is a good decision for them while they wait for the market to recover.

[maknyos]

We have things running in our life before the market start to be down. The market being down doesn't put a stop to what we have been doing for a long while.  Whatever that it is, that you have been doing that provide and gives you money to invest in Bitcoin through DCA, ride on with it because nobody knows when this bearish market we are about entering will come to an end

If we've entered a bear market, ready or not, we'll have to wait another four years for the bull market to arrive and end the bear market in the next cycle. When the market is down, we can say that DCA is the right decision to accumulate Bitcoin, but we need to realize that sometimes some people may not have sufficient funds to use this method to capitalize on the downward momentum of Bitcoin's price. For those without sufficient funds, perhaps seeking side income by working on airdrops or participating in signature campaigns paid in Bitcoin or USDT is a good decision for them while they wait for the market to recover.

If you don't have enough money to buy bitcoin, then you can do any job outside of your main income. Actually, we have a lot of time, but perhaps previously we weren't aware of the need to look for other sources of income. However, it's never too late. As long as we still have time, then use it as best as possible.
I think there are also many here who have only been investing for the last 1 or 2 years, but they can still make a profit. Don't dwell on what's already passed, it's better to think about what we can do in the future. If we think about the past, everyone would probably regret not buying Bitcoin and holding onto it until now, but that regret is useless. So once again, make the best use of the time you have.

[Kasabus]

If you only have bitcoin as your only source of income, then you can expect that all your suggestions will be followed. But hey, do not forget that some people aren't here full time as they have real jobs to attend to, so I don't see anything wrong with sitting while waiting for the market to become green again and witnessing how bitcoin price will recover once again.

Its good to DCA if you have readily available amount intended for it, but you have none, its better to just wait until bitcoin price surge high again and give us an impressive price so we can sell and eventually make profits.

[Oluwa-btc]

Do you guys just sit and wait? This must feel awful. You should be building your streams of income. You have the entire Internet on your hands, and artificial intelligence that can improve your productivity by tenfold. Literally typing can make you money.

Make something. Have a business. Help people. It's all about delivering what people need and don't know how to get it; at scale. HODLing is not inertia. Have an income and stack sats.

That's true, Sadly,some individuals are not opportuned or exposed these kinds of advice and information.People can always make money when the market's down but only if you move wisely.Perhaps a down market is not the end, it's just a phase or better still,invest in yourself by getting a skill from trading,tech or even build side hustle that'll fetch multiple streams of income.

[LogitechMouse]

When the market is down, what should we do? Should we just wait and watch the market’s every little move? No. What else can we do to earn money? That is what we should be asking.
---

Well, you already said the most important thing that anybody can do when the market is going down. Learn, learn and learn. Learn a new skill that's related to crypto if you want or even though it isn't crypto related, but learn a new skill so that we will not remain stagnant.

As for me, I'm still in the process of learning more about crypto trading. It's been years already and unfortunately, I'm still unprofitable, but that's fine because I already saw that there are some improvement and I'm becoming better and better now although not better enough to be profitable yet. As for DCA, it's a must when the market is going down, but also take note that this only works if you're a long term holder of the coin. If you're not a long-term holder, DCA will most probably not work in your favor.

Do you guys just sit and wait? This must feel awful. You should be building your streams of income. You have the entire Internet on your hands, and artificial intelligence that can improve your productivity by tenfold. Literally typing can make you money.

Make something. Have a business. Help people. It's all about delivering what people need and don't know how to get it; at scale. HODLing is not inertia. Have an income and stack sats.

AI, AI and more AI.

Right now, everything is revolving around AI, and if you want to make money or at least learn a skill, maybe learning how to maximize the use of AI will help you. Soon, there will be jobs that will be taken over by AI and that's inevitable so we need to build ourselves in order to build a stream of income as well. There are many ways right now to make money, and it's up to us if we will use it in the most efficient way possible, or not.

[Josefjix]

Do you guys just sit and wait? This must feel awful. You should be building your streams of income. You have the entire Internet on your hands, and artificial intelligence that can improve your productivity by tenfold. Literally typing can make you money.

Make something. Have a business. Help people. It's all about delivering what people need and don't know how to get it; at scale. HODLing is not inertia. Have an income and stack sats.

Everyone keeps saying, work more, learn more, stop sitting down and be waiting, get new skills and get to create more streams of income, this and that, that and this.

What I never get to know is other forms of jobs available in the internet, as I am only earning through signature alone, my question would be that, what other source could be available again in the internet, how would I taught about it, how should I go about it,  I am such a great motivated guy who learns quickly and earns faster too. Any direction?

[terrific]

Everyone keeps saying, work more, learn more, stop sitting down and be waiting, get new skills and get to create more streams of income, this and that, that and this.

And if we work more, we've got more money to invest in Bitcoin. So that's how we utilize our time, and that's to make more money.
There is nothing if someone don't want to do that much when they've been working all of their lifetime.
But as long as you're not wasting your time into something that's not going to make you productive, you shouldn't do that.
While we're invested in Bitcoin, it's our money that's working for us like what the rich says.

[Asiska02]

First, don’t forget that DCAing is a notable strategy. Instead of just waiting, this can be done to maximize the time where bitcoin is declining.

DCA is a notable strategy, so when market is declining you can only take advantage of that if you have the money to invest into bitcoin. So when market is declining, don’t think of DCA when you don’t have money, but you should think of how to earn more money to enable your investments in Bitcoin grow.

Second, find side hustles that pay in bitcoin. There’s a lot of works in the virtual world where they pay in bitcoins.

It is very important to get yourself engaged with work always. The work does not necessarily need to pay in bitcoin, you can always get to convert your payment into bitcoin when you want to invest. Waiting for work that pays with bitcoin may just be a waste of time if it’s not readily available to access.

Third, learn more. Learn new skills if needed. But just try to learn more about bitcoin. I know I am already familiar with bitcoin, but there’s too many things I have not encountered yet and I believe I can be of better part of the society if I did understand that experience.

The basic of your investment in bitcoin should be more of learning about how it operates first before you can even think of investing. Investment without having the basic knowledge of what you’re investing into will only expose you to more risk during the course of your investment. The market is very complex, so learn more about bitcoin to understand it better.

[OgNasty]

When the market is down, what should we do? Should we just wait and watch the market’s every little move? No. What else can we do to earn money? That is what we should be asking.

This is a great question. The answer is to get a job, but there is a bigger focus one should have.

Diversification is important for this reason. You should own things like stocks and bonds as well as having a reserve cash pile. All 3 of those things kick off cash you can use to buy in down markets.

You can also make deposit agreements to earn interest on your Bitcoin or provide liquidity for or stake altcoins. You can join a signature campaign here and get paid for your participation. You can start a business providing a service. You can offer goods for sale.

Sitting and waiting might be good if you have a ton of passive income. Otherwise, get busy!

[Zigabel]

Learning  anew skill while waiting on your Bitcoin investment is a really good form of distraction actually, if you get really busy at the moment, you will not have time to stress so much over the moves in the chart or to even monitor your asset on daily basis such that you begin to respond to every move on the chart, you then allow your self to be focused on something else  that the times you have to check on your asset will not be as often and that will keep you in a safe headspace to make better decisions as it regards the management of your assets, so don't just sit back and wait, get busy.

[batang_bitcoin]

Learning  anew skill while waiting on your Bitcoin investment is a really good form of distraction actually, if you get really busy at the moment, you will not have time to stress so much over the moves in the chart or to even monitor your asset on daily basis such that you begin to respond to every move on the chart, you then allow your self to be focused on something else  that the times you have to check on your asset will not be as often and that will keep you in a safe headspace to make better decisions as it regards the management of your assets, so don't just sit back and wait, get busy.

I don't see it as a distraction but actually a good thing to do when you are waiting for the market to get better and when you're for the opening price for you to get reinvested. That new skill that you'll learn could be used to have another additional income where you'll have to put that money again in Bitcoin. So, let's say that's your way of getting distracted but in that way, you're getting distracted in getting paid more once your skill has been honed and become valuable which allows you to earn more for your DCA strategy to have more BTC.

[Odusko]

When the market is down, what should we do? Should we just wait and watch the market’s every little move? No. What else can we do to earn money? That is what we should be asking.

First, don’t forget that DCAing is a notable strategy. Instead of just waiting, this can be done to maximize the time where bitcoin is declining. Second, find side hustles that pay in bitcoin. There’s a lot of works in the virtual world where they pay in bitcoins. Third, learn more. Learn new skills if needed. But just try to learn more about bitcoin. I know I am already familiar with bitcoin, but there’s too many things I have not encountered yet and I believe I can be of better part of the society if I did understand that experience.

If you have already stock up your portfolio and the market goes down, any action you take that time can put your bitcoin holding in the negative trends mean you are selling at a lose, and the only thing you can do is to keep holding or buy more if you have avaliable cash to do that at discount price.

[Yaunfitda]

When the market is down, what should we do? Should we just wait and watch the market’s every little move? No. What else can we do to earn money? That is what we should be asking.

First, don’t forget that DCAing is a notable strategy. Instead of just waiting, this can be done to maximize the time where bitcoin is declining. Second, find side hustles that pay in bitcoin. There’s a lot of works in the virtual world where they pay in bitcoins. Third, learn more. Learn new skills if needed. But just try to learn more about bitcoin. I know I am already familiar with bitcoin, but there’s too many things I have not encountered yet and I believe I can be of better part of the society if I did understand that experience.

If you have already stock up your portfolio and the market goes down, any action you take that time can put your bitcoin holding in the negative trends mean you are selling at a lose, and the only thing you can do is to keep holding or buy more if you have avaliable cash to do that at discount price.

I think that the very obvious, so you can't sell when the market is down, maybe you still profited but you can't maximized the ROI here so that best advice is not to sell. But the thing is that it will take another 4 year to HODL that Bitcoin. So that is the biggest issue here for some of us as we could be tempted as some point to sell. So the only weapon we have in this kind of situation is to mentally prepared for this kind of scenario and be strong not to sell but continue to do DCA. It might not be that consistent, but still you need to grind it out for years and then wait again when Bitcoin goes up before selling any of that stash for profits.

[suzanne5223]

When the market is down, what should we do? Should we just wait and watch the market’s every little move? No. What else can we do to earn money? That is what we should be asking.

If you refer this question to the trading aspect. I will say it's not every market trend and season is good for trading.
The crypto market's main trend is always in consolidation mode, and it is the moment where the market makers vaporize most traders accounts. But if you're relating your statement to investment or accumulation. There's no reason to sit and wait if it is Bitcoin you want to invest in due to the market's current discount price.

First, don’t forget that DCAing is a notable strategy. Instead of just waiting, this can be done to maximize the time where bitcoin is declining. Second, find side hustles that pay in bitcoin. There’s a lot of works in the virtual world where they pay in bitcoins.

This is a good one, but it's not a must; it be a job that pays in Bitcoin. What's important is doing something that provides extra funds to cover essential things and other necessities.

[@nn@_pen9]

When the market is down, what should we do? Should we just wait and watch the market’s every little move? No. What else can we do to earn money? That is what we should be asking.

First, don’t forget that DCAing is a notable strategy. Instead of just waiting, this can be done to maximize the time where bitcoin is declining. Second, find side hustles that pay in bitcoin. There’s a lot of works in the virtual world where they pay in bitcoins. Third, learn more. Learn new skills if needed. But just try to learn more about bitcoin. I know I am already familiar with bitcoin, but there’s too many things I have not encountered yet and I believe I can be of better part of the society if I did understand that experience.

If you are familiar enough and understand the long history of Bitcoin journey, you probably won't need to wait for the price to reverse and go back up again. It's just a waste of time. You should use your free time for useful or positive things by seeking knowledge or science that will give you an income. As you said in point number two, it doesn't have to be paid in Bitcoin, there are many jobs out there that pay you in fiat, it's much better than just waiting. With you getting more income from there, You can reinvest that money by purchasing Bitcoin. In this case, increase your income from wherever you come from, this will improve your finances and the future of your investment itself.