Post
Topic
Board Altcoin Discussion
Re: How was last crypto bear market
by
LogitechMouse
on 29/04/2022, 15:18:19 UTC
This question is for those that are here when bear market of 2018 stormed the crypto space, how doesn't it feel like? All those staking for perceive income makes sense at all? Or returns went so bad and makes staking looks like a bad idea? How does it felt like.
As a newbie at that time, I felt that it would be the end for cryptocurrency.
Started in 2017, I saw what happened to 2018 as a newbie. Now I'm calling that year "A year of Hell". Right now, it is the worst year that I've seen in crypto.

Coins going down, investors lacking confidence in investing at that time. People are panicking and a negative news that is being spread in the internet will make Bitcoin even go lower and altcoins will follow it. If you are there and you are a newbie, you will feel the feeling that this might be the time that cryptocurrency will end. On the other hand though, I know that those experts and has been in crypto for a long time see that 2018 crash as an opportunity for them to accumulate more. Now they are the ones who are happy because they are the ones who got the most profit.

I don't know if there are but if you bought Bitcoin in the peak of 2017 at $20,000, tried to held it until now then you doubled your money in 5 years. In crypto, this is very long considering how volatile crypto is but still doubling your money is better than losing some of your capital after 5 years.