What can you do aside from sitting and waiting

[7juju]

When the market is down, what should we do?

You can either continue buying bitcoin with spare funds or you wait and continue holding the bitcons you have accumulated and sit back and do nothing. Or if you are a trader you can continue with your day to day trading. These are the possible things I know you can do as someone who deals on bitcoin. There's nothing else you can do on individual basis that will change the market down turn.

What else can we do to earn money? That is what we should be asking.

I believe before you started investing in bitcoin you had a life going on for you, like you job, your business, your family, your career and whatever if might be that was putting food in your table and extra cash in your account. That what you should continue doing when the market is in a down turn. If you don't have any of these before I wonder were you got the money you used in buying bitcoin in the first place. If you want to make extra money, get extra job that's just all.

[knowngunman]

When the market is down, what should we do? Should we just wait and watch the market’s every little move? No. What else can we do to earn money? That is what we should be asking.

There's life outside Bitcoin world. You don't need to glued yourself to market movement often so you won't get frustrated to sell your holding prematurely. You were actually doing something before you start Bitcoin investment and that's how raise capital for your investment. You shouldn't abandon it because you're holding Bitcoin. I will also not advise you to trade your assets because that's the easiest way to lose them.

First, don’t forget that DCAing is a notable strategy. Instead of just waiting, this can be done to maximize the time where bitcoin is declining. Second, find side hustles that pay in bitcoin. There’s a lot of works in the virtual world where they pay in bitcoins. Third, learn more. Learn new skills if needed. But just try to learn more about bitcoin. I know I am already familiar with bitcoin, but there’s too many things I have not encountered yet and I believe I can be of better part of the society if I did understand that experience.

You sound like everything should revolve around Bitcoin. It's necessary to learn a skill because Bitcoin can not fend for you on daily basis. Even as a trader, you'll experience bad market some days. You can not learn everything, you have to choose areas of specialisation and become expert in them.

[Grace333]

As a trader and investors, when the market is down it gives automatic chances for them to either accumulate more of their desired assets to their portfolio. Of course, when the market is entirely down you wouldn't see an investor panicked over the time as they believed that such is the way of the market and how they are being gradually moved in no ones direction, and for sure, the market entirely depends on news to scale through when there are any positive news you would see them gaining quickly recovery over the time.

A down market normally create opportunities, especially for long term investors who already understand how Bitcoin and it cycles work, Instead of panic, it becomes a time of positioning, because they know these phases are part of how the market moves, and not the end of it.

And you are right about news playing a big role. Once there is positive news or a little shift in sentiment, recovery can happen faster than we expect. Those who remained calm and accumulated during the down times are actually the ones that benefit the most when that recovery starts.

[Pandorak]

As a trader and investors, when the market is down it gives automatic chances for them to either accumulate more of their desired assets to their portfolio. Of course, when the market is entirely down you wouldn't see an investor panicked over the time as they believed that such is the way of the market and how they are being gradually moved in no ones direction, and for sure, the market entirely depends on news to scale through when there are any positive news you would see them gaining quickly recovery over the time.

It must be acknowledged that the decline in Bitcoin is indeed very frightening, especially for beginners who do not understand the essence of Bitcoin itself, but for those who truly understand, moments like this are actually a great opportunity. I believe that a true investor will not panic when prices fall because their focus is not on the current price, next week or next month, but years from now, believing in the long-term value of the assets they believe in.

On the other hand, prices will inevitably fluctuate, which is normal because it is part of the cycle itself, inseparable from it. Investors have anticipated this phase of decline from the outset, so when it actually arrives, it does not disrupt their mental state or accumulation process. However, this may have a significant impact on short-term traders who tend to focus more on seeking profits in a relatively short period of time.