What to Do When the Market is Down?

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nick.novaFull Member
Posts: 86 · Reputation: 259
#1Nov 17, 2021, 02:11 PM
So what do we do when the market crashes? Just sit there and watch? No way. Let's think bigger. What can we do to bring in some cash?
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GigaOmegaMember
Posts: 138 · Reputation: 227
#2Nov 17, 2021, 07:16 PM
DCAing is where it's at. Instead of just waiting, why not use this time to buy some more Bitcoin while it's low? It’s a smart move.
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#3Nov 18, 2021, 01:13 AM
Long-term planning is key. DCA helps you build wealth over time, but don’t expect to strike it rich overnight. It's about consistency.
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im_seedMember
Posts: 25 · Reputation: 57
#4Nov 18, 2021, 02:57 AM
Honestly, if you have cash in fiat right now, it’s losing value due to inflation. Michael Saylor’s analogy of ice melting kinda hits home.
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0xNovaFull Member
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#5Nov 18, 2021, 06:37 AM
I like your strategy of doing more than just waiting! Freelancing in Bitcoin is a smart play these days. Lots of platforms out there.
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ch4d2014Member
Posts: 42 · Reputation: 130
#6Nov 18, 2021, 10:25 AM
For real, getting paid in Bitcoin while DCAing is solid advice. It's about capitalizing on those dips to get more coins in your bag.
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dave.forkMember
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#7Nov 18, 2021, 11:07 AM
But converting cash to crypto isn't super practical for everyone. Most daily purchases still rely on fiat. It’s not as easy to switch.
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#8Nov 18, 2021, 12:04 PM
Do people really just wait around? You've got the entire web at your fingertips. Build something, create passive income. HODLing ain't just being lazy.
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#9Nov 18, 2021, 03:58 PM
For sure, DCA is a great way to grab more assets at lower prices. But it should fit your own financial situation. No pressure to invest if you're unsure.
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lynx1337Newbie
Posts: 212 · Reputation: 15
#10Nov 18, 2021, 05:22 PM
Flexibility is key in this market. Adapt and find opportunities wherever you can!
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5igm4777Member
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#11Nov 19, 2021, 07:27 AM
Investing in Bitcoin is like buying gold and not obsessing over the price every second. Remember, there’s more to life than just trading.
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la5eryesNewbie
Posts: 90 · Reputation: 23
#12Nov 19, 2021, 07:57 AM
Come on, dude. You didn’t ask what to do when the market was up, right? Just keep doing what you were doing back then!
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s3ed365Full Member
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#13Nov 19, 2021, 01:39 PM
It’s a mixed bag for sure. You might find ways to make a few bucks but it’s not that easy to find legit jobs that pay in Bitcoin.
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0xSageNewbie
Posts: 79 · Reputation: 14
#14Nov 19, 2021, 07:28 PM
You shouldn't wait for a dip to learn or hustle. Get educated and get hustling always. Time's not waiting for anyone.
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hypernovaFull Member
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#15Nov 19, 2021, 10:45 PM
Lol, ramen noodles for dinner, right? It would help to hear concrete examples, though, because it feels like Bitcoin jobs are kinda scarce.
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#16Nov 20, 2021, 04:17 AM
True, having multiple income streams helps a lot. When Bitcoin’s down, you can use your job income or other investments to buy in.
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MadNovaHero Member
Posts: 281 · Reputation: 3536
#17Nov 20, 2021, 06:42 AM
DCA and side hustling are great, but let’s not forget about financial habits. Balancing accumulation and smart spending is where it's at.
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#18Nov 20, 2021, 11:25 AM
Not everyone can keep buying Bitcoin when it dips. DCA works if you have some spare cash. But side hustles aren't as easy as they sound.
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#19Nov 21, 2021, 06:40 PM
Yeah, not everyone has cash to throw around. It’s easier said than done to find work that pays in Bitcoin, even if you have skills.
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#20Nov 23, 2021, 02:34 PM
Let’s open our eyes, people! Just sitting back is not the answer. Hustle and learn new things, and you’ll be ahead of the game.
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