So I am going to my main point and that is Bitcoin hit almost 70k dollars and that was just big and bigger milestone and currently it is just trading above 18k dollars. And in my opinion that is currently going in Bear Market. And that bear market will turn till Next halving and that might be in 2024 as per block data. So I was wondering that wether this bear market will be helpful for new people or not. Cause many people thoughts are different than old people in crypto. So I am preparing myself in Bear market so that I might be able to stand in next bull run that might be the biggest bull run for Bitcoin and that might be just all time high to almost 200k dollars as compared to 2021 Data.
the-day-in-2022
If you feel that Bitcoin is currently too late for newbies to come this year? then the answer is wrong. In Bitcoin, you always have the same opportunity, because those of us who were there first felt regret. Learn from it all the facts you will always be given the opportunity when the bear market arrives to buy as much as you want. Make it long-term, because in the future Bitcoin could be much bigger. As we thought in the past, and until now all proved Bitcoin continues to provide many benefits. Moreover, what are we waiting for to feel doubt that Bitcoin in a bear market is the point where we will not find the same price in the future.
Yes you are right and my opinion was same cause bear market is not favorable for those people who wants quick rich schemes too. And that not good for those people are newbies. ]
Or for newbies, they will be discourage to enter the market because it's not going to make them money like in a bull run. But they have to understand that in a bear market, yes the market will be down, but you can take advantage of it, the price is cheap at a a discount. Just in this situation, from $69k, now to $20k, so that is huge cut from the price and so you can invest and buy in this dip.
And so when the bull run arrives, you have enough bitcoin in your wallet already. So you just have to wait for the right time to sell and make a huge profit from all the years you are holding.