What can you do aside from sitting and waiting

[7juju]

When the market is down, what should we do?

You can either continue buying bitcoin with spare funds or you wait and continue holding the bitcons you have accumulated and sit back and do nothing. Or if you are a trader you can continue with your day to day trading. These are the possible things I know you can do as someone who deals on bitcoin. There's nothing else you can do on individual basis that will change the market down turn.

What else can we do to earn money? That is what we should be asking.

I believe before you started investing in bitcoin you had a life going on for you, like you job, your business, your family, your career and whatever if might be that was putting food in your table and extra cash in your account. That what you should continue doing when the market is in a down turn. If you don't have any of these before I wonder were you got the money you used in buying bitcoin in the first place. If you want to make extra money, get extra job that's just all.

[knowngunman]

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.

There's life outside Bitcoin world. You don't need to glued yourself to market movement often so you won't get frustrated to sell your holding prematurely. You were actually doing something before you start Bitcoin investment and that's how raise capital for your investment. You shouldn't abandon it because you're holding Bitcoin. I will also not advise you to trade your assets because that's the easiest way to lose them.

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 sound like everything should revolve around Bitcoin. It's necessary to learn a skill because Bitcoin can not fend for you on daily basis. Even as a trader, you'll experience bad market some days. You can not learn everything, you have to choose areas of specialisation and become expert in them.

[Grace333]

As a trader and investors, when the market is down it gives automatic chances for them to either accumulate more of their desired assets to their portfolio. Of course, when the market is entirely down you wouldn't see an investor panicked over the time as they believed that such is the way of the market and how they are being gradually moved in no ones direction, and for sure, the market entirely depends on news to scale through when there are any positive news you would see them gaining quickly recovery over the time.

A down market normally create opportunities, especially for long term investors who already understand how Bitcoin and it cycles work, Instead of panic, it becomes a time of positioning, because they know these phases are part of how the market moves, and not the end of it.

And you are right about news playing a big role. Once there is positive news or a little shift in sentiment, recovery can happen faster than we expect. Those who remained calm and accumulated during the down times are actually the ones that benefit the most when that recovery starts.

[Pandorak]

As a trader and investors, when the market is down it gives automatic chances for them to either accumulate more of their desired assets to their portfolio. Of course, when the market is entirely down you wouldn't see an investor panicked over the time as they believed that such is the way of the market and how they are being gradually moved in no ones direction, and for sure, the market entirely depends on news to scale through when there are any positive news you would see them gaining quickly recovery over the time.

It must be acknowledged that the decline in Bitcoin is indeed very frightening, especially for beginners who do not understand the essence of Bitcoin itself, but for those who truly understand, moments like this are actually a great opportunity. I believe that a true investor will not panic when prices fall because their focus is not on the current price, next week or next month, but years from now, believing in the long-term value of the assets they believe in.

On the other hand, prices will inevitably fluctuate, which is normal because it is part of the cycle itself, inseparable from it. Investors have anticipated this phase of decline from the outset, so when it actually arrives, it does not disrupt their mental state or accumulation process. However, this may have a significant impact on short-term traders who tend to focus more on seeking profits in a relatively short period of time.

[Leahized]

When the market is down, what should we do?

You can either continue buying bitcoin with spare funds or you wait and continue holding the bitcons you have accumulated and sit back and do nothing. Or if you are a trader you can continue with your day to day trading. These are the possible things I know you can do as someone who deals on bitcoin. There's nothing else you can do on individual basis that will change the market down turn.

An investor may not have the money to reinvest bitcoin. So it is best to hold Bitcoin. And holding would require no ignorance. But if an investor wants to become a trader according to your words, then I think it will not be easy. Because there is a big difference between investing and trading. If a person wants to trade,It will take a lot of time and a lot of knowledge to acquire. But it is not sure that it will be profitable if you trade (there are many risks in trade). But if you hold, the loss will be recovered at some point. So during bear markets it is most important to stay calm and take right decisions.

[Mr_Brilliant$]

As a trader and investors, when the market is down it gives automatic chances for them to either accumulate more of their desired assets to their portfolio. Of course, when the market is entirely down you wouldn't see an investor panicked over the time as they believed that such is the way of the market and how they are being gradually moved in no ones direction, and for sure, the market entirely depends on news to scale through when there are any positive news you would see them gaining quickly recovery over the time.

A down market normally create opportunities, especially for long term investors who already understand how Bitcoin and it cycles work, Instead of panic, it becomes a time of positioning, because they know these phases are part of how the market moves, and not the end of it.

And you are right about news playing a big role. Once there is positive news or a little shift in sentiment, recovery can happen faster than we expect. Those who remained calm and accumulated during the down times are actually the ones that benefit the most when that recovery starts.

That is how it usually looks like.. When the market is going down, it is only scary if you do not understand the what you are holding.. For people that have been with Bitcoin for long now, it’s a positioning time and era and not a panic time. Pull back are even part of the game, not the end of it…

The news giving a positive sentiment can flip fast once something positive drops, and price reacts quicker than most of us will even expect. So those that stayed chilled and kept accumulating during the dip will always smile..

[FanEagle]

You don't have to do anything else? Keep on buying bitcoin for decades, and just keep doing that and nothing else. Sitting and waiting could be the best investment there is. If you bought bitcoin at 100 dollars 15+ years ago, you would be a billionaire by now. Obviously you would have to also watch it go to millions and down and to hundreds of millions and down and do nothing, but that is what is required to reach that level.

I guarantee you that if you waited for it to move then you would be doing fine, so "sitting and waiting" is a great way to invest. This is true not just for bitcoin, if you bought amazon stock 20 years ago, sitting and waiting would have made you rich today on that investment too. That's how long term investment is made.

[Pi-network314159]

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,

this point is relatable and well understood, DCA is the best approach of bitcoin accumulation for a person with a long term plan, but however buying the dip is the best option for bitcoin when it declining since this requires buying huge at once to acquire more bitcoin. but in the case of DCA it doesn't require a change in bitcoin price before buying. you can keep on buying every week in DCA but not the same with buying bitcoin in dip.

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

you dont really need to find a job that pays in bitcoin to be able to acquire bitcoin. but you need to find something doing that will generate income that can be used to invest in bitcoin. you can be doing a job that pays you in fiat, but you can be buying bitcoin from it and stacking. so this point is not clear to me.
 

[STT]

The market isnt down that much on a wider view, its sideways which is a waiting to see type scenario and a test of patience.   The best thing to do while waiting for the races to start is examine the prospects of all the horses lined up in the stalls.
   BTC has marked this week by approaching the top of the range for the last 90 days.   You have your starters pistol fire as a signal when BTC price action breaks and confirms above this ceiling.  If we stick a ruler on the graph its about 94.5k very roughly speaking, confirmation from there could lead to notable action then we can bet who wins

[Obulis]

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.

In the first place, beginning your Bitcoin journey with DCA has nothing to do with if the market is down or not, because DCA never gave such chances for an investor to worry about the market to talk of waiting and watching the market every little move. Carrying on other measures or trying other ways to increase income or make income more stable for those who have unstable income source is something that should be on going as your Bitcoin journey continues no matter how gradual or steady whether the market is down or not. The opportunity of getting a virtual job(s) likely that pays with Bitcoin is a very good opportunity.

[Findingnemo]

DCA has nothing to do with market ups and downs, it is something one needs to keep doing irrespective of the trend which is not going to increase the profits but helps you to accumulate a certain amount over the long term so it's not something a holder will do.

Do many jobs pay a salary in bitcoin? Really?

And if you know everything about bitcoin then you can help to teach others either for free or as paid course...

[barbara44]

DCA has nothing to do with market ups and downs, it is something one needs to keep doing irrespective of the trend which is not going to increase the profits but helps you to accumulate a certain amount over the long term so it's not something a holder will do.

Do many jobs pay a salary in bitcoin? Really?

And if you know everything about bitcoin then you can help to teach others either for free or as paid course...

There are two ways of doing DCA and one of them is what you are talking about. If you just buy bitcoin 1sto f every month and do this for over a decade, that is also considered DCA, which is what you do even if the price is low or high. Second way we are seeing these days is the purchasing when it is going down, and that's it, if it is going up then they are not buying it.

I do agree that both methods are good, because it includes buying and not have selling, it is telling you to either buy all the time and not sell, or buy when it's low and not sell. Both of them are great because holding is great, if you can hold for 10+ years, you are going to be rich. But many people fear and sell whenever they see it go down a bit and can't hold for long.

[atookz]

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.

Finally, a declining market is not a period to sit back and do nothing, but it is a time to establish some ground. Strict savings, Bitcoin revenue, and more knowledge are essential. We need to change our attitude regarding downturns to long term opportunity.
DCA is an outstanding approach to making the price swings less emotional and enables us to build the positions on a consistent basis without the need to speculate on the market bottoms.