Honestly, we hear a lot of people including me talk about HODLing and how it is important, that is very true but what some people don't tell you is that HODLing is not easy and is not a smooth sailing kind of situation, there are a lot of mind games that the crypto market will play on you that you would almost panic sell or for some people that giving to too much pressure they would panic sell, once the pressure is too much or once the crypto market starts playing mind games or ultimately the worst of the worst when a news event or failed project impact the crypto market hard like how LUNA/UST and FTX with its native token FTT crash has affected the crypto market badly, creating a lot of Fear, Uncertainty, and Doubt.
Now, a lot of people are already thinking that the crypto market would not survive this current situation and the prolonged bear market, many even make jokes that the bull in the bull market has been killed on the way, I laugh not because of the bad joke but because when the bull run or market eventually comes these people feeling themselves and feeling so smart right now, would run and hide as usual until the next bear market situation. Also, many people who are listing to everything they hear on the internet without doing proper research are already giving up on holding or HODLing because Bitcoin has continued to dump from the beginning of the year until now, but we have one month left in this year and anything can happen.
Although right now it seems like there is no tangible hope of the crypto market recovery yet. But keep holding or HODLing, I know it is not easy because am going through it too but in the end, it will be worth every stress once the bull market comes, and trust me it will, Also instead of complaining about the market dipping, try to take advantage of it for maximum profit in the future, Not Financial Advise but you should be considering DCAing in situations like this, because every situation like this one is a blessing in disguise because this is a great opportunity to bag as much coins as you can or as your money allows you too.
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Learning from the bear is to make sure you sell during the bull run to get some cash back for the next bear market.
And don’t FOMO.