Post
Topic
Board Economics
Re: Bear And Bull Market?
by
Sayeds56
on 01/06/2023, 08:56:15 UTC
The bear market position is very favorable for traders and investors who have been patient waiting for a market correction, every market pattern will experience a high correction after or before a market recovery occurs, so patience is highly prioritized for traders and investors because you will get high profits from that patience, like investors who have bought BTC at $16k then they are just enjoying the current market conditions for high profits in the bull season

I completely agree with your perspective that bear market provides excellent opportunity to take advantage of lower price and accumulate Bitcoins.However, it is important to make such buying by using dollar cost averaging (DCA) to build portfolio. DCA involves buying during significant price dips. This approach not only maximizes potential profit in the long term but also mitigate the risk involved with short term trading.