This since few months the crypto currency market has been experiencing major outbreak. And starting the downfall of btc and expected the alts coins too. As a trader i feel tension and afraid when the market is slowly going down because of the rubbish market
How about you guys did you feel afraid when the market is going down?
No im not afraid of it instead i consider it as a good chance to buy more while bitcoins and altcoins are on sale now. We can buy good crypto in a cheap price and i expect it will give me big return once market recover. I understand how volatile the price of cryptocurremcy, there is a time of downfall and also there is a time of rising. This time is good for accumulation and wait for bull run to sell.
Why should anyone even be afraid rather than them taking advantage of the lower market ?
There is always going to be two sides to a market, which is either up or down and I wonder why people would just keep thinking the market would keep moving up as they please, and that shows the little understanding they have before even investing in the market in the first place and that is of course a very bad thing to be doing.
Bear phase will always come and go and then the advantage of a bear market is that it gives you chance to buy lower for the long term which is what a lot of people because of their fear and not understanding what the future possibly holds, always end up missing.
We are technically not even in a bear market, the market has been stable for few months now, but for a few spikes. Traders are afraid of a stable market, not bear or bull market.