Re: The bear market is your friend

Quote from: stadus on Today at 11:42:02 AM

Quote from: Bytem3 on Today at 08:12:40 AM

Buy when others are fearful Wink

Currently, the Fear & Greed index is at 22 (Extreme Fear) and many of the crypto assets are undervalued (meaning the RSI14 is below 30). Take the bear market as buying opportunity and sell when everyone else is buying.

Whales and old investors did this and were perhaps happy when there is panic selling happened in the market as in this way, they make money from them. This is not the thing it appears to the mind of a doubtful investor but absolutely full of worries and negativity. As long as there are people who are weak and never understand the market volatility, this will have a no-ending story and we keep seeing a high Fear index.

Well, the reality is that;
some are selling at low prices and whales are catching them.

Whales don't necessarily buy when weak hands sell. Sometimes whales sell out to cause panic. No one can know the whales actions. Especially as whales often shake out coins from other whales. We just have to wait patiently until the bear market turns into a bull market and our bags become much more expensive. But there are also times when the price comes back to the purchase price and you don't wait for a bull run to sell it because you're sick of waiting. And the price flies to the moon without you.