BitcoinBaby Went MIA During The Bear Market

Guess it´s been way too long ago for most of you to remember me!

And no worries, you have all been forgiven.......NOT😡

Yeah just kidding, you have the only one to blame is me. So Just go ahead and blame it on the Baby.

---

What Happened Baby?

Yes, guess that is the question, what happened?

The bear market happened, it´s as easy as that. Those damn bears nearly killed me, while I was doing so well serving their ferocious attacks.

It all started going wrong when NoiseCash decided that they couldn´t pay for BCH promotion anymore and killed the free BCH on both Noise and ReadCash. Now I think Rusty came back to live a while back. LOL that old robot rewarder made it back before I did.

On top of everything else my BAT Swap scheme ended as Brave deactivated my creator account, meaning I could no longer get tips. I used to pay 66,6% of the BAT value to those who had no Uphold account so they could still make a profit on their tips. I had two creator accounts shut down by Brave, meaning I lost about 500 BAT. BAT I paid for, so a loss of at least $80. That loss whipped out all the possible profit made in the previous months on that devilish deal and then some.

But it got worse!

I Will Be Back

I was not even planning to leave the space, but the crypto space got the better of me. At some point all things crypto are said and done and you just need to lie down and let the bears eat you alive. But that was not what I did! I actually was doing pretty well in that little Altszn we had early this year. Selling high, buying back when prices came back down.....

And then prices kept going down, ALTS just kept bleeding.

BTC was up at 27-30K and my ALTS below the FTX crash prices???

Just take a look at one of my little gems:

That is what the true bottom of a bear market feels like, and that was a huge slap in the face.

It were charts screaming at me in my dreams saying: "Got You Now Baby!"

"Didn´t expect this did you?"

I really thought I learned my Bear Market Lessons;

1. Trust the Halving Cycle

2. Take profit in a Bull Market

3. Don´t hold on to your bags for 2.5 years hoping they pump again next bull run

4. Start buying ALTS 60 days after BTC is down 80%

---

But all those lessons did not prepare me to see BTC go up 100% and my average ALT go Down another 25%???

I Thought I Did So Well

When in Jan my ALTS started pumping I was like Yeah baby I survived these damn bears. And I was wrong as always. That was the straw that broke the baby´s back.

I had nothing left to say. Not about crypto at least.

I withdrew from Noise / ReadCash, was hardly active on Torum and no longer posted on Publish0X or LeoFiance.

I just had it with writing about crypto.

I spend the whole bear market scraping sats and now the end was near I was done. I made a first attempt to get back last month and noticed that I was no longer the Hip new baby on the Block(chain). My views had dropped dramatically while the quality of my post was just as shitty as it was before.

𝐒𝐄𝐂 𝐒𝐦𝐞𝐥𝐥𝐬 𝐨𝐟 𝐅𝐔𝐃 𝐅𝐚𝐫𝐭𝐬 - It´s all about the Digital Dollar

That was to be expected but really didn´t help.

So What Have I Been Doing?

As I did not have enough profits to take a 6 month holiday I have been working my butt off to get ready for this next bull run. The maybe last bull run before the extreme gains will be no more. Institutions and regulations will own this space by the 2029 Bull Run. So the 2025 run might be the last time to really kick ass.

Now I got into crypto in late 2020, I was a bull-run baby. I had no clue what I was doing, but like any fool in a bull run, I was making money. I turned 2K into 12K in 12 months' time. And I messed it all up by buying back in from 50K BTC all the way down to 30K as I was hoping on that so-called super cycle.

So there I was, holding expensive bags in June 2022 when we were in an imminent bear market. Nice try baby, good luck staying poor.

At that point in time May/June 2022 I decided to go all in. Work my ass off on Publish. Readcash, my BAT deal, HIVE, Torum, Listnerds anyplace I could make some additional crypto. And it worked at first:

Been Green ALL Bear Market Long

All throughout the bear market I remained green and was stacking Sats. And when the going got tough and Noise gave up I kept going. And I started buying I bought BTC all the way from 33K down to 15K.

I stacked XTM on Torum by being there every day, I was noising around, and worked my ass off to get some traction on HIVE. And even when SBF messed up, I was green. Still, six weeks later I was done. My BAT was dead, Noise was dead, XTM at an ATL and so were all my other ALTS. Because I made a decent bang in the previous bull I have not yet been at a loss although I came close.

Now I don´t do leverage I just do some Spot swingtrading. just to inflate my bags without too much risk and I don´t think I will change that strategy. It got me where I am today, which is only $800 dollars down from where I was in March when BTC hit 30K. Hence 4 months later BTC at 30K again, my portfolio $800 down, and most of my bags bigger than they were back in March.

What does that tell me?

That the places where I still make crypto have allowed me to grow my bags while keeping my loss acceptable. So now I am getting to the things I did to keep that loss at only $800 while a 25% average loss on alts should have cost me: $1350 hence I made $550 somewhere

Well 3 things contributed to that:

1.CAKE or BAKE

I have written several articles about CAKE DFI or BAKE as they call themselves nowadays and even though they seemed a scam from the start I did make a nice bit of Money using cake in the Bull Run, but since January they have been making me at least $5 a week. For doing absolutely nothing. Not sure who used my referral but someone did and he must have bought a lot of CAKE to bake if my referral bonus is $5 every week.

So I guess $80 (15%) of that $550 is thanks to CAKE, keep in mind I did not sell these they were just passive income.

2. Swingtrading Spot

There are still some opportunities out there, if I see a 20% pump I sell, and patiently buy back when it drops 15%. Did that with TAP XTP although there I did 100%. Did 40% on my Raddix, and yesterday 20% on my LTO.

I must have made about an additional swingtrading $120 (22%) since mid-March.

3. HIVE

That would leave me at $350 I need to explain, and that seems about right as I probably reached a little under $3 a day writing 6-7 days a week on HIVE. I have been writing about everything but crypto for about a year now. I have been very slowly building up a reputation that only recently has started giving back a little.

Now I want to emphasize that this is all just a game to me. Yes, I have invested 6.5K in this hobby of mine and I plan to lose every single cent of it while I aim to buy my next house from the profits I should have by the end of 2025.

Because if I can survive a bear market.
If I surround myself with useful crypto Intel.
If I stick to the lessons I have learned in both Bull and Bear market and I extrapolate the gains I made previous bull run when I knew shit about crypto I should be able to do at least a 6/7 X just based on my current holdings and not being able to always take profit at the top.

That is my most conservative estimation and I would gladly take 7X from where I am now.

On the other hand, I stick to the plan that I only invest what I am willing to lose. I doubted about this but I want to buy a house with or without crypto as investing in real estate is going to be interesting again as soon as interest rates start dropping and they will.

So in essence I used this time to take a good long look at myself.
At my portfolio.
At the sources, I was listening to.
At the macro-economics and at my future plans.

I might still be a baby in this crypto-verse, but one who looks like making it out of this bear market alive and not totally rekt.

I got out with a lot of lessons learned and lots of insights applicable to the last leg of this bear market or the first leg of this bull market depending on how you look at it.

I am back and will be writing about crypto again, at least once a week. Looking at the crypto verse from my baby perspective and sharing my thoughts.

Bottom Line

Any last thoughts before I end this rant?

Yes, Let me know what you have been doing during this bear market. What great new places to make free crypto you have discovered.

And do you think people still remember me after being MIA in a Bear Market?

Thank goodness you made it till the end peace, love and I am out of here!

All Images By My I and AI

Posted Using LeoFinance Alpha