Post
Topic
Board Altcoin Discussion
Re: What a bear market actually looks like
by
TheUltraElite
on 10/05/2022, 15:46:43 UTC
Well let me tell you, a bear market is a death bringer for altcoins, all those meme coins and shitcoins that you are eyeing won't live to see the end of the bear market, its always so painful for altcoins to stay alive at such season.
Meme coins are doomed from the start, they are for the hype game to make short term gains and not for the long term game. Those who do not believe this are making a mistake whose lesson they will soon learn.

While the bear market has a bad effect on many coins, I dont give importance to altcoins and that keeps me sane. What should be focused on is bitcoin and seeing it crash means you have a chance to buy at a lower than average price. This is what newbies should keep in mind, not doing which they end up in an endless cycle of being unable to trade and losses.

It makes sense to say that altcoins get tested during bear markets. Dont jump into them because they are low, some of them may never go back anymore.