How to make it through the Bear Market
36 sats \ 3 comments \ @Kaffi 27 Nov 2022 bitcoin
While I believe in bitcoin I have been trying to figure out how to get through the winter. To enhance my conviction I've been trying to actually use the technology more, which means figuring out lightning (very cool) hope to make my own node soon. I really would like a bitcoin miner to heat a greenhouse I plan to build (this might be undoable because of the difficulty but i figured if I need a heater anyways might as well mine bitcoin)
What are you all doing to make it through the winter?
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5 sats \ 0 replies \ @TheBTCManual 27 Nov 2022
This is my third bear market so I am pretty chill, the first one got rekt but didn't sell, second one got rekt on shitcoins because 2017 was just a mania, this one I have made peace and I enjoy stacking and averaging down all the bitcoin I bought at 30,40,50 and 60, it gives me a chance to lower my cost basis and increase my allocation without needing to throw the kitchen sink at it,
As we all have ambitious stacking goals, bear markets just allow us to reach that satoshi value we were eyeing in the bull market
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0 sats \ 0 replies \ @orthzar 27 Nov 2022
I really would like a bitcoin miner to heat a greenhouse I plan to build (this might be undoable because of the difficulty but i figured if I need a heater anyways might as well mine bitcoin)
You can get an S9 pretty cheap these days (I saw some for $100 each recently). Don't worry about the mining efficiency. An S9 is just as efficient at creating heat as any other electric heater. And the S9 gives you non-KYC sats. Just make sure you pick a good mining pool with a low enough withdrawal limit.
What are you all doing to make it through the winter?
All I'm doing is working a day job. As long as you have a job that pays your bills, you should be fine. That being said, the economy is getting worse every day, so no job is guaranteed. My plans include the assumption that I will be layed off within the next 6 months.
To your broader point, everyone needs to be prepared for the price of BTC to go even lower. As the global economy gets worse, more-and-more people will sell their cryptocurrency holdings to pay their bills. BTC will drop further. On the plus side, many altcoins will go to zero and vanish forever.
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0 sats \ 0 replies \ @01xCc 27 Nov 2022
не обращяй внимание на цену. это нужно только для тех кто покупает и продает... просто докупай по 1000 сат каждый день... выращивай куст в тепле... поливай водой. не тревож себя и близких... биткоин этого не любит
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