Post
Topic
Board Speculation
Re: Bull or Bear season for crypto?
by
Edraket31
on 11/10/2019, 15:56:42 UTC
those terms have different meanings to different people so while some people may think we are in a bear market like you others may believe we are in a bull market and this is a trap and there are other people like me that believe this is neither a bear or a bull market, the truth is that only time will tell us what is the current state of the market, but obviously at that point it will be too late to take any action that could benefit us.
All I know is that every coin have their own bear and bull season, it could get to a point where the season will coincide as a result of a factor that will give way for that, but naturally, all coins are independent of one another and if they are fully functioning very well, they should have a time where they will be favored and vice versa, according to how active they are in the market.

Bitcoin is already out of the bear market, and reason being that it is a very active coin, people use it a lot for payments and for investment, so the law of demand was able to act on them, but for other altcoins, I personally still don’t have much reason why I should use them when bitcoin is serving virtually all their purposes and I think this is what is affecting the market of most altcoins.

Exactly. This is crypto, unpredicted, we should just know how to go with the flow, meaning, we should study well on which coins we are investing/trading at.

Let's focus on few coins, let's make sure at least that we have knowledge about that coin, their strategy, what is the vision of their company, because most of the coins nowadays are just doing pump and dump strategy just to call the attention of investors/traders, let's be careful with them and study well.