There will be opportunities

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Don't look at your portfolio my people, things are getting really dicey. The situation looks dire and it's spread across the board. Even HBD is dumping hard right now but I know that's only temporary. We need to sort out the peg.

Anyway, I don't see any end in sight right now. The entire market is going down really fast.

On the plus side, at least Hive has been relatively strong, despite the situation. I mean we're still down bad but you should see the other guys.

I don't know if this truly is a bear market because while assets have dumped by double-digit percentages, it's still not exactly scary. Perhaps my lack of fear could also be coming from the fact that I've got some skin in the game.

Ethereum, for example, is still pretty solid in the $2400 range. This is a far cry from the $70-90 range that it dropped to in the last proper bear market.

BNB is still trading above $300, XRP at 50 cents, Hive still above 60 cents and Zcash is still above $100. Honestly, I'm really not seeing any reason to panic.....yet

Even the price of Leo, for example, is still holding pretty strong in the ten cents range. SPS has really fallen off but notwithstanding, it's a new token and extremely volatile situations in the market will naturally impact the value.

Buy the dip?

I'm still open to buying the dip, whenever opportunities come around. However, I'll have to make financially sound decisions.

The funds in my HBD savings have a specific purpose in the life of my family. It is money that I'm not willing to lose and so, I shouldn't invest in crypto with it.

However, I can spend the dividend paid for saving but that's only about $126 per month. If I was going to capitalise on a proper dip, that amount is not good enough.

In any case, the proper dip isn't here yet. If it actually comes around, I'm willing to risk it.

I don't think Ethereum will ever drop to the $70-80 range ever again. However, the crypto market can be wild and in a multi-year bear market, crazy things have been known to happen.

So, assuming Ethereum actually falls off and gets down bad, I'm definitely pulling the trigger. This is pretty much the same sentiment I have for BNB if it drops to the sub $10 range.

In a multi-year bear market, we've seen Hive trading below ten cents. Do you think that is even possible anymore? Personally, I don't see that happening but if it actually does happen, I'm pulling out a small fraction of my savings and converting it to Hive immediately.

Too mature

My worst-case scenarios are fantastical at best. There's almost zero chance of assets dropping to the levels I'm talking about.

There is, however, a huge probability that assets will experience a further drop in value. This will not be a surprise in any way.

The thing I've noticed is that the market has become a bit more mature than in previous years. So, even in the event of a multi-year bear market, the drops might now be as colossal as it was before.

We won't see Bitcoin drop to sub $20k, we won't see Ethereum drop to $70-100, BNB trading at $10 and we certainly won't see Hive fall far below 50 cents.

Things are much different from the way they used to be four years ago and that's why I can't see a colossal dump in the event of another multi-year bear market.

In any case, I suggest you keep a war chest ready to pull the trigger when the opportunity comes along. If you're not rekt and you kept some stables behind, watch the market closely for the next couple of months, there might be crazy things happening if this frenzy of red days persists.

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