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.
Short answer: yes, absolutely yes.
Don't forget that there are very few bitcoins in this world and everybody wants them, and how do they want them? At the lowest price of course! It just can't be a coincidence that during bear markets there are bad news after bad news, many of those clearly made up. I've been in this world since 2016, every few months the market would go down because "China is banning bitcoin", they probably banned it 400 times if you listen to the news, and yet people every single time would fall for it and sell their bitcoins. If you believe in bitcoin just don't pay attention to all the FUD, sometimes it's true, the majority of times is not.
Probably, that’s how the market works. If we can’t stay and take advantage of every bad news that will make the bitcoin price drops, then how are we supposed to accumulate bitcoin in the first place? Actually, bad news are not only happening during bearish market, it’s also visible when the market is bullish, but people don’t actually care about it as they are more concern on how to sell at profits when every coin in the market is increasing its value and price. And bullish market creates the best selling point, so negative news will never be entertained anyway.