Post
Topic
Board Altcoin Discussion
Re: The bear market is your friend
by
bhooscream
on 09/12/2022, 23:53:03 UTC
To everyone in crypto currency, the bear market is one market where fuds and panic triumph and reign which greatly affects the prices of crypto currency tokens, and yes some projects do not recover from the bear burdens.
Those who are thinking like this, aware of the cycle of a bearish and bullish market, will always consider that a bearish market is their friend, moreover for long-term holding activities. This will be worthy because we can get lower prices during the bearish and then expect to have many profits after long-term investment to the bullish. But then, the question is: can all assets rise up during te bullish era? This is also quite harmful because if we pick the wrong cryptos, they may end up as shit coins and dead coins that are not worthy in the future. This may lead us to lose our money easily. That is why I think that this long-term worth will be valuable if we are investing in Bitcoin.

But on the other hand, this bearish market will be killing the short-term investors, moreover, the beginners that expect for having or earning profits easily. This mindset is wrong enough that we can always get profits easily due to the crypto investment. There is no too-good-to-be-true investment.