Post
Topic
Board Altcoin Discussion
Re: What do you guys think
by
Aliem Nur
on 06/06/2023, 13:25:59 UTC
bear market of the recent unfortunately just like in the past it was rather massive mainly because there are collapse of many exchange companies and also so many failing investments.
but it just opens up opportunity for accumulation so certainly it helps for new investor to start and make entry.

The effects weren't up to the 2018 or so but I know is serious though. Naturally we always think of utilizing every given opportunities but without having a rethink of what would come after jumping into that opportunities, as a crypto investors and a trader they should look at the risk aspect maybe if they would be able to bear it then they may venture into it.
The bearish market this time is indeed very different from 2018, because the level of volatility is reduced compared to 2018,
and it is a good opportunity for us investors to enter safely in Bitcoin, but for altcoins it seems that the volatility is still the same,
because seen from the decline in altcoins that are almost - 90% makes no difference from a bear market that has already passed.
Somehow people never invested that much as it's nowadays, the wide spread and adoption of bitcoin in some country has made bitcoin gain much popularity. Whatever that triggers bitcoin also affects altcoin as well so currently we may not witness so much bear till after the bitcoin halving.
Yes now almost people of all countries know about Bitcoin. When people of all countries start using Bitcoin, the public demand of Bitcoin will increase. Through Bitcoin, money is being used in many countries now. Hopefully there will come a time when Bitcoin will be used instead of money. .Bitcoin is now banned in several countries.

Bitcoin will be legalized in friendly countries like Singapore, Japan, Korea, Thailand, China, Elsalvador and Russia,
I'm sure other countries will also follow including countries in ASIA maybe India which will legalize bitcoin in the future.