I am present in crypto space years ago and I have witnessed two bear market, and I couldn't take advantage of one because of the condition that I was into at the time, but I heard about every good and bad things about crypto.
But I am curious about something and I will like to ask you old Bitcoin OG on here .
Why is it that bad news always comes in a bear market and when we are in a bull market, all bad news about Bitcoin vanished? Are they doing this on purpose? It's always the bear market, after halving everything will disappear and some bans will be lifted, and so on...
Are we been played? Are these people toying with us, knowing that crypto will work but let's scare the hell out of them and take advantage of the fear? I can't come up with anything that makes more sense than this.
We do have different impressions when it comes to things on which it would really be just that normal that news would really be basing up on the current trend that we are into.It would really be just a normal
approach or things to happen that good news would really pop out on a bull market just to make things even more higher in terms of value not only on Bitcoin but in most coins in the market but of course it would really be just that selected basing up on the projects which are really that have the potential or does have the utility or use case but somewhat there are still some shit coins which
are really that been pumped despite of being shit.
If you do have this kind of belief in mind then it would be better that you should really go with the flow and less minding about those casual happenings basing up on the trend.
This is how this market would behave on which it would really be that normal on what would be the approach you would be applying. Go with the waves and play with
it because if you do counter up the trend, it would really be resulting into losses.
My strategy really depends on the market trends and market sentiment, the idea is simple: get a lot of positions when the market is bullish/market sentiment is good and sell once the market turns into bearish or the sentiment for the long term is bad. Do my strategy works? Yes I'm doing it for 5 years now and we all know that there is always market cycle so my strategy depends on the current trend of the market. Right now the market sentiment for short term is bad so we may see that the price may go down in these succeeding days and weeks so my current decision is to wait for the retracement and get a lot of positions because the sentiment for the long time frame is still bullish.
The mistakes of some bitcoin investor and traders is they think that there is just one strategy in order to make profit in buying and selling bitcoin without knowing that there is unlimited pattern and combination that they can do to make money. One of it is what I do is I'll just ride the trend, if the market is bearish then it is better if you will short and sell it once the chart shows signs of streght creating highers and higher lows but if the price is bullish do not ever fight the trend and you must ride it by doing long because the price will keep appreciating if you do that and your btc value will also increase.