I used to watch television shows about the Romans, the Korean Goryeon Empire, the Greeks, and Norsemen. These were some of the most tactical people in battle. You see strategies, then counter-strategies, various war inventions, and the sheer genius of mankind.
The Koreans were more brain than brawn, whereas the Romans were a combination of both. The Northmen were mostly brawn, battle, blood, and war, and sometimes tactical genuinety is overshadowed by even greater tactical prowess.
These men lived in a difficult time when there was competition for women, land, power, resources, and wealth. Because resources were scarce back then, people fought at all times to loot themselves. Despite their ingenuity, civilization was still at its lowest point, and the need to outperform one another turned it into a war for survival.
People were basically existing to see another day rather than truly living, but it was not all doom and gloom; they had their moments, and what they had cannot be replicated in today's world.
I remember watching a Roman episode where soldiers would clamp their shields together to avoid arrow attacks while waiting for the right moment to strike. You will hear the commander shouting hold hold hold, and I am not sure if I am correct, but I believe that is where we got the term HODL, which we frequently use when attempting to stay strong during market dips.
Crypto
These are trying times in crypto and to be very honest only the people with the best strategies will come out of the other side. It is the coldest period in crypto.
Many people have spent their money over the years trying to buy the dip, during the halving, and after the halving, but after watching over three crypto cycles, I have concluded that the best time to buy is in the fourth quarter of the year, just before the bull run year.
I am not saying you can not buy over time, but crypto is usually at its lowest price a few months before some coins reach their all-time high, rather than during the early years of the bear market.
Months like September and October are some of the most unbelievable months in crypto, this is because the expectation is not the reality and it just makes sense to fear and panic.
Over the years, the market has recovered when people have given up; these are the times when people lose their guard and withdraw funds from solid projects they believe in in order to chase meme coins that are likely to give them the money they fear they will lose if the bull run does not occur.
I mean, a lot of people can tolerate being in a proper bear market because they understand that it is not yet time. They have the patience and are building, but the year before a bull run is the most difficult, especially for those with smaller portfolios and are solely focused on alternative investments.
This is the year when meme projects make a lot of money, BTC is doing well but alts are slowly crawling, and people will wait indefinitely for a decent jump but will not get it. So it is always the hardest before a proper bull run, and this is primarily due to the mental exhaustion that comes with endless waiting.
In Conclusion
If you have waited until now without withdrawing any funds, I believe you can wait until it is over. From here, alts aren't going to zero if that's what you think. But, if you are thinking about chasing some meme coins, go for it; everyone deserves to win at this point.
I was looking at some of my splinterlands assets, and they have lost over 95% of their value. There are currently no buyers in the market for these cards, but even if there are, I am not going to sell them at a 95% loss; what kind of businessman will I be?
However, they could lose 99% of their profit, so it is best to hold until the first quarter of 2025 before selling them, when the bull market may have inflated their value. My point is that it could suffer a 99% loss before recovering, and seeing it drop so low would tempt anyone to simply count their loss, sell, and move on.
So, it is best for you to hold; there is a chance your assets will lose more value in the coming weeks, hitting ground zero before rebounding.
Interested in some more of my works
Is it Easy To Make Money?
Nigeria: A Unique Business Market & Industry
Virtual Bank Apps In Nigeria: An Experience Of Gamification
How To Find The Next "BIG" Meme Coin
Personal Finance: Achieving Intentional "Saving" Goals
Playing The Survival Game: Human Nature In Introspection
"Un-PAYING" The Debt You Owe
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