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No.53 ⚡️ Navigating stress & negativity during this market

No.53 ⚡️ Navigating stress & negativity during this market

December 26, 2022

Gm. Meditating & 🐻 hugging the market ☁️ To buy the dip or not…🤔 Keeping u with the Dow Joneses…Don't give up on Bitcoin yet says Vijay Boyapati 💎 Money questions answered on Cheres app 📲

A note from Cheres: ☁️ Navigating stress & negativity during this market

Hey party people - it's been getting rough out there. So, instead of coming at you with my usual sass, I thought to tone it down today and be real. Stuff's getting expensive, job cuts are happening and our anxiety is through the roof. 😰 But, bad times make for good stories. Kinda paraphrased that but, with everything happening rn, all we can do is keep our head up high and keep on shinin' 💫.

On the personal finance side of things, it seems like we're figuring things out tho.This survey says 43% of us have take on a part-/full-time gig in addition to our main job. As we hustle hard to get that 🥖 (not any kind of bread…), it's hard not to look around and play the comparison game.

We've all been there. You're scrolling away and feel like crap looking at TikTok's penthouse fog flex videos like wtf? It could also be that your annoying coworker just got back from an amazing vacay, or a high school classmate scored the perfect house, car and sold their Bitcoin at $69K earlier this year.

As we navigate bearish markets 📉, stress, anxiety, and negativity are natural in today's environment and it seems we're only getting started. As for envy, you can make it work for you... “Envy can often serve the purpose of making our goals in life more clear,” Jen Douglas, PhD. Don't feel bad the next time you see someone living life like they're sitting on a trust fund. Go get yours. 🧘

Buy the dip or not...what's the word? 🤔

Quite a ride 🎢, the stock market has had this year. Decent gains on some days and record drops on the next. The Nasdaq especially has been hit the worse. It's now well into the bear market, down about 30% from its peak in Jan. The question stands if everything is down, isn't it a good time to invest? Or it's an unsafe time? The thing with bear markets is, you can buy amaze stocks really cheap. If you had your eye on some higher-priced stocks, a bear market is when you buy them. But, bb, avoid the market if 👇

You're short on savings.
You think you might need money soon.

Besides that, it's well worth doing your own due diligence and figuring out a strategy for investing that works for you. It could be as simple as deciding how much of your paycheck you want to invest, in what and how frequently.

Don't give up! Bitcoin's not beat yet 🐻‍❄️

Vijay Boyapati says BTC gonna be big. Oh btw he wrote a book on the token. His BTC saga began in 2011. 🌊

In all of four bitcoin cycles, Vijay's figured out people have an on again off again type of relationship with monetary assets.

The first cycle, as so happened w BTC too, really small pool of people know stuff about it. Then, that pool gets bigger with every cycle. Acc to Vijay, these cycles stop, and that's what's gonna happen with Bitcoin too as gets full adoption by countries, companies, etc. He even has a number in mind.

"I think we’re only maybe three or four cycles away from that."

-Vijay 💭

Ain't that interesting? Get out there and learn all about bitcoin. Ooh. Fun times ahead. 👻