We are still in a bear market right now. To be honest, the graph chart shows that the movement is still on a downward trend. There is therefore no other viable option at the moment to take advantage of the chance to invest in and acquire cryptocurrencies that we believe will generate a high return on our future investments. And what some have said here is true: During current bear season, DCA is still one of the best tactics. The main thing is that we can buy crypto assets for the future if there is a purchase, even if it happens gradually.
What do you mean by the mention of crypto? what are altcoins? You need to remember that crypto has a compound meaning, I think we are all here talking about bitcoin and the mention of crypto does not mean bitcoin.
I had a good friend JayJuanGee call me to terms on that in another thread and coming here to see someone else straighten it up yet again gives me the chills of what job is been done on the forum and how altcoins continues to be a mess in the hearts of bitcoin faithfuls. How far it’s butter experiences have got us!
I often hear that the DCA strategy is the right thing to do in various market conditions for those of us who don't want to experience more mental stress due to falling prices in bitcoin, so with DCA you can have a budget to continue buying bitcoin at the price when it decreases. like to day that is still very far from the previous ATH.
That’s the point I sometimes want people to be about when talking about DCA strategy. It ain’t a strategy for a time. I hear some people say DCA during the bear markets but, that’s not the point as I see it about the strategy. It’s supposed to play roles without looking at the market condition. Just dependent on how much you’ve got set aside to invest and you keep buying time after time.
DCA works that way, it removes stress of having yo analyze every market and the anxiety that comes with the market conditions.
I think that you make a good point, at least in regards to clarifying that we should be able to consider that the move from $69k to $15,479 can be constituted as a bear market, so then one of the questions becomes whether or not we are yet out of the bear market.. .and 1) is the bottom in or 2) are we going to bounce around the bottom (even if higher than the bottom) for long enough that we can confirm that the bear market is not over.
Establishing the point at which the bear market ends isn’t something that comes in a uni agreement. I like to view it for a subjective establishment of what point could be seen to have ended the bears. We could only establish a bill when it’s obviously dominated by the bulls. At the moment, we aren’t completely far from half the price when we compare where price is now and the current ATH. Still, we aren’t far from the dip. The market could be said to be consolidating.