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🚨EMERGENCY BEAR MARKET EPISODE: What to do if you're scared

Bankless

Bankless

Technology, Tech News, News

4.71.2K Ratings

🗓️ 14 June 2022

⏱️ 73 minutes

🧾️ Download transcript

Summary

Livestreamed Tuesday June 14th @ 10am EST

Ryan and David cover some of the current news in the market, and discuss bear market emotions.

If you need a shoulder to lean on, we gotchu fam.

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Topics Covered:

0:00 Intro
3:50 How David Feels About the Bear
7:15 How Ryan Feels About the Bear
12:15 1st Time Cyclers
20:39 Veteran Cyclers
23:23 What Happened with Prices
30:50 Where's the Bottom?
37:40 What's Driving the Bear Market?
51:32 The Bull Case for Recovery
1:01:56 Conviction, When & How Much to Buy
1:05:04 Concluding Advice
1:10:53 Closing & Disclaimers

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, Bankless Nation. This is an emergency session of the Bankless Nation. We are recording

0:12.5

here. We're doing a live stream because we feel like we've been through something over

0:16.4

the past week or so. I don't think I've been hit this hard in the mouth by a bear market

0:22.7

since like, maybe forever, but this is starting to feel reminiscent of 2018. So we wanted

0:28.4

to give you guys the bear market survival guide. You know, haters will call this copium

0:33.6

David, but I think we've got some things to say. We want to go through what happened to

0:38.8

prices recently in crypto, why it's happening, at least at a high level, what's going to

0:43.7

happen next and how you should play it, how David and I are playing it. David, what do

0:50.2

we want to cover here, man? Yeah, yeah, that's we definitely want to talk about, of course,

0:54.3

because even when people are down bad, sometimes that means the opportunities are the highest.

1:00.7

But also at the same time, to some degree, I think other people are just not, there's

1:05.8

one part of the conversation, which is what opportunities are there. And then the other

1:10.9

part of the conversation is like, some people just need, like, a shoulder to lean on.

1:15.0

Some people just need to cope. And so is that what you need, David? I'm feeling that.

1:19.7

I always kind of appreciate the fact that markets are aggregates of human emotions, a lot

1:26.6

of humans calculate things with their gut, with their emotions. And so when the markets

1:31.2

are down bad, that means the people are down bad. And so there's a lot of that out there.

1:36.0

And so we're going to try and balance out just like some people just need to like go through

1:41.0

the process of of pain to get through to the other side. So we're going to talk about

1:45.9

all of those things. Thankfully, I'm the son of what I think is a very talented psychologist.

1:51.8

And so hopefully I can bring some mom energy into this, into this live stream. But there's

1:56.8

also the conversation that I want to get to of comparing this market cycle to last market

...

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