Post
Topic
Board Beginners & Help
Newbie - Bear & Bull market?
by
Jds1990
on 08/01/2022, 13:59:29 UTC
Hi all,

Having only started investing in Crypto 9 weeks ago early November I consider myself a beginner with a lot to learn.

I have heard of Bear & Bull Market and my understanding is we are currently in a bear market but what I want to know is there anyway we will know how long this will last for?

What is a normal period of time to be in either market are we talking weeks or months?

I am currently invested in 7 different coins and I want to hold them all for at least a year adding to each one when I feel the price is low but how can I tell that?

When I started 9 weeks ago Ethererum was at £3,500 and my mate who introduced me to this crypto world told me to wait until it dropped to £3,200 to start investing. I waited longer then that and started at £3,000 but since then it has just kept falling and I have kept buying. Do we know how low Ethererum can go? Is falling below £2,000 realistic? I dont know, but with my mate telling me to start buying at £3,000 it makes me feel that these current prices are great and I will keep buying.

I would just like to be able to look at the market and have a better understanding of everything.