Wealth is created during the bear market not in bull market, the question now is are we still in bull market or bear market? We can't expect crypto market to crash instantly if bear is going to happen it will be a gradual process so what is your take on this? Should newbies wait or buy coins right now?
I agree. Sustainable wealth is always in the plans built for the long term. That will happen at any stage of the market but not entirely depending on the "bear market" or not. For example, not sure or uncertain if it's a bear market? Therefore, a small accumulation of points will become a big gain in a bull market.
Most altcoins start from low prices, for example Shiba which has now gone up thousands of percent compared to when it was initially in the market, the most important thing for investors is to always be patient to wait and not panic when they see the red price, if we have patience then there will be 2 options i.e. get rich or lose it all.
it also depends on the selected asset. Shiba used to be doubtful but after being listed on several major exchanges everyone followed the hype.
patience only applies to assets that do have real progress. while for altcoins or shitcoins born from the project, it is not clear. it will bring loss.
investing in a bear market or bull market still has to go through good analysis and planning. don't just follow the hype.