Post
Topic
Board Altcoin Discussion
Re: Newbie - Bear & Bull market?
by
masterrex
on 09/01/2022, 10:52:57 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.

I guess your mate was overconfident about Ethereum and underestimate the market movement, Im not an expert about this field but I was already here since Ethereum was Launch, Ethereum was pumped hard in 2021 that will break its own record during the Bullish trend in 2017 that's why I guess at 2022 Ethereum price will be declined more than that level so brace yourself.