Post
Topic
Board Economics
Re: Understanding a bear market.
by
Distinctin
on 02/06/2021, 02:23:21 UTC
BTC was once 3000+ and ETH at that time was around 160$ each, if you've filled your bags at this time you are already millionaire unless you buy too little, bear market looks like a bad season to many but honestly it's the perfect sowing season
I don't think so, unless if you buy Bitcoin last 2018/2019 where the price is at below $5k that I think you will become a millionaire. But if you buy Bitcoin this time, you have to wait for another 3-4 years( maybe) when the Bullrun has come again (new ATH). We are currently at $36k plus, which seems still high if we think that we are in the bear season, and I don't think that way but looking at the situation still at a bullish season.
if you look at the current downward movement, I think it is still in a correction status, and actually now we can start buying gradually, especially at the 61% fibo, I think it is the right level to invest. but sometimes it hasn't reached that level yet the price is bullish again
We will find out soon, will it still be bullish or the bearish market had already taken over, either way, it's not a problem for me as that opens another opportunity to accumulate at the dip, you know what I'm saying.

This is just a normal market scenario, we witness a bull run then a bear market comes next, a long bear market actually.