notes on the bear market would be nice to summarize the exper | odyssey | grimace

notes on the bear market

would be nice to summarize the experience acquired during it, since there's never been a cycle without a bear market in crypto – and it will always be like this, so long as founders, projects, buy&sell buttons exist. and this period has taken enough time to come to an end.

a bear market starts in a moment of climax, when everything is going so well that nobody has a single doubt it will stop – when everyone has bought, and therefore, there are only potential sellers in the arena. the greatest mistake is to resist the force, supposing that you will be able to stop it and your actions will not be in vain.

a standard bull market lasts around 6 months, same as for a bear market, and the best thing a CEO can do when he realizes he's the only buyer and he can prove it by publishing his order history on all accounts – is to fuck off for half a year, and then organize a triumphant return. if morality doesn't allow doing this, then, at the very least, the most obvious mistakes should be avoided:

1. a ceo can't just eat dump after dump, buying up the supply. the price will inevitably get to a point where the market contestants come to a consensus. creating exit liquidity for those willing to leave is just going to extend the agony of a bear market. since the majority of the contestants are sellers, they must be selling at the most unfavorable prices.

2. a ceo cannot give any predictions. bear markets, much like bull markets, shatter logic in a million pieces – you can never be sure how low people will be willing to sell.

3. and lastly, a ceo cannot state that they've been buying the supply/containing the dumps. in any strong project, the participants create buying pressure with their demand, and the founder is only selling. in projects that go soft and show weakness before the birth of a trend – the ceo is buying the supply.

so, one of the most positive signs is saying "i sold a million bucks worth of tokens and the price didn't give a fuck". and vice versa, if you say "i bought a million bucks worth of tokens and the price didn't give a fuck" – flippers and scalpers will come to the obvious conclusion. it's not an obligation to say everything as it is – it's a lot better to shut your mouth up until the moment the potential of using the words against you will be reduced to zero. the bear market is an aggressive and bloodthirsty time, and you cannot play by the rules of a bull market during it.