What can you do aside from sitting and waiting

[YUriy1991]

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.

I agree with your statement that selling Bitcoin when the price is low is a very bad decision. The best thing to do now is to hold on to as much Bitcoin as possible and avoid selling in such a situation. Whatever the risks and conditions, it's better to work extra hours to earn money, but don't sell the Bitcoin you've already bought. I think now is the best time to buy Bitcoin, whether through DCA or through the traditional buying method. The future price of Bitcoin will be very attractive.

[AmaGold70]

I have been introduced into virtual world that pays in Bitcoin but it turned out to be scam so right now any side hustle that pays in Bitcoin aside this forum is a big No for me or maybe I have been introduced into the wrong ones, every Bitcoin investors that are holding for long should have a side hustle because Bitcoin investment on the long term goal is a very long ride and you need something to take your mind off the market. I have a life outside Bitcoin investment so I have many side hustle and it has helped me a lot every time I become nervous about the crash, sometimes I feel bored just holding and doing nothing about it but I'm not a trader and I'ma stick to it.

[Umulala-alala]

Is it only when the price is down that we should look for a side hustle and learn more about bitcoin. Then that personis  must be a joker because I don't see any difference in my life when the market dips or pumps. My DCA is ongoing and I have a job that gives me income which I use from my extra funds to buy bitcoin. Do you mean that when the price of bitcoin is pumping, you do the opposite. Every investor needs a discretionary income to buy bitcoin all the time.

We should have some other ways of getting money and not depend on BTC alone we should be doing others things to earn money and also be investing in bitcoin since nothing is guaranteed in the cryptocurrency market, when the market is down we can buy more BTC if there is a discretionary income, the dca strategy helps to buy at any price low price or high price the dca strategy doesn't discriminate as long as the discretionary income is available keep buying and also be doing others skills to earn money in other not to depend on your investments to survive.

[dunfida]

Is it only when the price is down that we should look for a side hustle and learn more about bitcoin. Then that personis  must be a joker because I don't see any difference in my life when the market dips or pumps. My DCA is ongoing and I have a job that gives me income which I use from my extra funds to buy bitcoin. Do you mean that when the price of bitcoin is pumping, you do the opposite. Every investor needs a discretionary income to buy bitcoin all the time.

We should have some other ways of getting money and not depend on BTC alone we should be doing others things to earn money and also be investing in bitcoin since nothing is guaranteed in the cryptocurrency market, when the market is down we can buy more BTC if there is a discretionary income, the dca strategy helps to buy at any price low price or high price the dca strategy doesn't discriminate as long as the discretionary income is available keep buying and also be doing others skills to earn money in other not to depend on your investments to survive.

Looking for a side hustle or learning more about Bitcoin should never depend on whether the price is up or down. Life does not pause just because the market is red or green. If someone only thinks about income growth or education during a dip then they are reacting emotionally not strategically. Real stability comes from consistency not timing moods. Your approach makes sense because your routine does not change with price. Income flows DCA continues and Bitcoin becomes a long term process instead of a daily concern.

Discretionary income is the real foundation here not price action. Without extra income every strategy collapses under pressure. DCA works precisely because it removes emotion and timing from the equation. You buy when price is high and when it is low because the goal is accumulation over time. That only works if survival expenses are already covered. Depending on Bitcoin to solve short term needs turns investment into stress. That is where people usually fail.

[Bitcoin_people]

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.

 

When the market is in a recession, we should not sit and wait and use DCA, it will be effective. When we see small moves in the market, we should take advantage of that opportunity and continue to buy if we have a long-term plan. I think if we plan to invest in Bitcoin and keep them for the future, then DCA is definitely the best strategy to increase the fraction of science. But we should look for alternatives for money when the market is in a recession so that we can earn money from there and buy Bitcoin during the recession. Moreover, our need to gain education should never be limited, rather we should analyze and learn more about Bitcoin in depth. If we can learn with our skills, it will lead us to more success in the future, so we should not just wait in the recession but plan some alternatives.

[Kelward]

At any downtrend in Bitcoin market what best to do is to increase your stash, the more it dip the better for you, just buy and buy as much as you can because Bitcoin has got potentials to rally at some point and reach ATH. Since you cannot do DCA without money then your priority about your Bitcoin investment should be to have a solid discretionary funds. As long as you're getting fund to buy you won't have a dull moment, what you'll have is anticipation about when there will be an uptrend for you to watch the value of your asset grow that is the joy of every investors.

[Y3shot]

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.

When the market is down it expected for you to buy more Bitcoin and i dont see why one should be waiting, and you are not suppose to wait for the price of Bitcoin to rise up before you are supposed to buy bitcoin.

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.

So far as Bitcoin is concerned,  aside sitting and waiting you continously buy bitcoin and their is no time which you need to give break in buying bitcoin. Buying at all time should always be target in bitcoin investment.

[Mr_Brilliant$]

Is it only when the price is down that we should look for a side hustle and learn more about bitcoin. Then that personis  must be a joker because I don't see any difference in my life when the market dips or pumps. My DCA is ongoing and I have a job that gives me income which I use from my extra funds to buy bitcoin. Do you mean that when the price of bitcoin is pumping, you do the opposite. Every investor needs a discretionary income to buy bitcoin all the time.

We should have some other ways of getting money and not depend on BTC alone we should be doing others things to earn money and also be investing in bitcoin since nothing is guaranteed in the cryptocurrency market, when the market is down we can buy more BTC if there is a discretionary income, the dca strategy helps to buy at any price low price or high price the dca strategy doesn't discriminate as long as the discretionary income is available keep buying and also be doing others skills to earn money in other not to depend on your investments to survive.

Abi oo, you cannot just sit down and be waiting for Bitcoin like it is a work salary...  BTC is not meant to feed you day to day.. in fact any investment at his beginning stage is not meant to feed you day by day..  You need other ways of getting money so your life does not pause because the market is red at on point...  Depending on Bitcoin alone is not good at all, and that is how people end up selling their Bitcoin at the worst time...

That is why either a having skills or side hustles or even a steady source of income is important like maybe a Job is okay... When money is coming in from another source, you will be relaxed..  When the market is down, you are even happy because you can buy more..

[Dave1]

At any downtrend in Bitcoin market what best to do is to increase your stash, the more it dip the better for you, just buy and buy as much as you can because Bitcoin has got potentials to rally at some point and reach ATH. Since you cannot do DCA without money then your priority about your Bitcoin investment should be to have a solid discretionary funds. As long as you're getting fund to buy you won't have a dull moment, what you'll have is anticipation about when there will be an uptrend for you to watch the value of your asset grow that is the joy of every investors.

It's what we call the cycle, I have been in 2 cycles already, so during the start of the bear season, it's the time to accumulate and buy as much as we can. Or we can do DCA instead of just one lump sum of buying. As there are advantages of DCA, you average the price of Bitcoin but then you will have to go to years of accumulating and for some it's more satisfying.

But there could be some who wants a lump sum, so there's nothing wrong wit it. As long as you manage to be investing constantly and willing to go and wait till the next bull run appear then it's all good as both is profitable in the long run.

[dunfida]

Is it only when the price is down that we should look for a side hustle and learn more about bitcoin. Then that personis  must be a joker because I don't see any difference in my life when the market dips or pumps. My DCA is ongoing and I have a job that gives me income which I use from my extra funds to buy bitcoin. Do you mean that when the price of bitcoin is pumping, you do the opposite. Every investor needs a discretionary income to buy bitcoin all the time.

We should have some other ways of getting money and not depend on BTC alone we should be doing others things to earn money and also be investing in bitcoin since nothing is guaranteed in the cryptocurrency market, when the market is down we can buy more BTC if there is a discretionary income, the dca strategy helps to buy at any price low price or high price the dca strategy doesn't discriminate as long as the discretionary income is available keep buying and also be doing others skills to earn money in other not to depend on your investments to survive.

Abi oo, you cannot just sit down and be waiting for Bitcoin like it is a work salary...  BTC is not meant to feed you day to day.. in fact any investment at his beginning stage is not meant to feed you day by day..  You need other ways of getting money so your life does not pause because the market is red at on point...  Depending on Bitcoin alone is not good at all, and that is how people end up selling their Bitcoin at the worst time...

That is why either a having skills or side hustles or even a steady source of income is important like maybe a Job is okay... When money is coming in from another source, you will be relaxed..  When the market is down, you are even happy because you can buy more..

the root of why many people fail in Bitcoin and investments in general. Looking for a side hustle or building skills should never depend on whether Bitcoin is red or green. That mindset already shows confusion. Income comes first investment comes after. Bitcoin is a tool not a salary and treating it like a paycheck is what pushes people into panic selling when the market moves against them. DCA and a steady income is actually how investing is supposed to work. When price goes up nothing changes in daily life and when price goes down nothing should break either. The market is not meant to dictate how you eat sleep or pay bills. Once someone depends on Bitcoin alone to survive they are already in trouble because investments are cyclical by nature and income is what keeps you stable through those cycles.

Side hustles skills or a job are not backup plans they are foundations. They give you breathing space and emotional control. When money is coming in consistently you are not forced to sell at the worst moments. Instead downturns become opportunities rather than threats.

[tygeade]

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 am sure that these are not limited to just bitcoin investments but wherever that you have invested then you need to keep down your nerves and must wait patiently for years. Meanwhile, you must focus on improving your skills for promotions on your job or business to earn more so that you can save more. Waiting is frustrating only when you keep remembering or when you face emergency. When you not expecting a quick return, your waiting will not be a big thing and to manage emergency, you must have plans well in advance.

Moreover, to cool down your waiting period, there has been a simple principle being taught by financial experts for years. Yeah, when you invest only small and affordable money and assuming that money are spent for your secured future like an insurance, you will not have big expectation and your waiting period will not pain you.

[retreat]

Rather than sitting idly by and watching the market decline, what people should do is try to accumulate more with the money they've already set aside. Because if they keep staring at the falling market, they'll miss the opportunity to buy at a lower price and instead, they'll be tempted to sell. At least they could be doing something more useful - there are many other things they could be doing than just sitting there and watching the market go down.

[justdimin]

Moreover, to cool down your waiting period, there has been a simple principle being taught by financial experts for years. Yeah, when you invest only small and affordable money and assuming that money are spent for your secured future like an insurance, you will not have big expectation and your waiting period will not pain you.

Yes, investing only what we can afford on the occasion of losses may occur, must be the very basic principles of investment world.

This helps you to not minding about what your investments are doing. You only need to mindful well choosing where you are going to invest and after you invested, you do not need to keep watching where the market is going on or how the assets are performing. But we need to make you that the fundamentals of the assets are still good even after investments and periodic checking also must be done on this.

But we do not need to check the market on regular basis because it will induce our emotional and making as impatience for looking of quick profits. In my opinion, these are all about basic psychological aspects. You need to be mentally prepared for deciding your investment duration. When you are fully clear about how long you are going to keep investing then I believe you can be tension-free.

[Sammye3]

Not many bitcoiners have the right mentality and plan with Bitcoin for the future, it is important to note that Bitcoin investment is not a get rich quick scheme but a progressive approach like you mentioned DCAing, as it's also best to consider Bitcoin investment as a lost investment and not panic on little price movement.

You cannot look at the candles the whole day and decide on the best time to buy, the market does not work that way unless you are trading on little greens and reds, that would be an entirely different scenario. No man is a "know it all", we learn everyday even with the slightest overlooked things so I know definitely you would acquire the knowledge you desire to better the community.

In most cases, having a paid job takes your mind off your Bitcoin investment and you don't bother to know how often the market bleeds or profits you because you have a plan for a long term investment. It's knowledgeable that you understand that you can't solely rely on Bitcoin investment for survival, it's best to diversify and employ other options too.

[barbara44]

Rather than sitting idly by and watching the market decline, what people should do is try to accumulate more with the money they've already set aside. Because if they keep staring at the falling market, they'll miss the opportunity to buy at a lower price and instead, they'll be tempted to sell. At least they could be doing something more useful - there are many other things they could be doing than just sitting there and watching the market go down.

Yes I agree, it is going to take a while and it is not going to be easy but if you could just focus on making more money then you are going to get a great result without a doubt. The reality is simple, we should focus on what we can do and that way we are going to get a lot better returns every single time.

It is not that easy, it is obviously a good thing that we are not seeing this, but for the time being I think it is going to take a long time before we can do anything about it, so just focus on collecting more btc as you can while it is going down.

[Uhwuchukwu53]

Though I may not speak, as it may concern others decision I'm life pursuit but in my idea, if one as an investor is seating and waiting towards one direction of his investment such investor is not ready to make it in life because any failure can leads him depression which will amount death. But if the watching is improving on knowledge,to better the investment good, but that is not enough every one investing in Bitcoin really need engaged with others means of income where all hope is not centered on one direction because I see seating and watching or waiting lack of diversifying investment.

It's not better idea to sitting and waiting the best is even to learn other skills even the investor lack some skills or engaged with what will make the mind more busy while waiting or watching the market and sourcing valuable information to ensure his more safe in the investment.