With the recent downward movement of Bitcoin and other cryptocurrencies, investors are divided; some think the bear market is here, following the cryptocurrency cycle, while others think it is just a trap and the market will rally again.
Where do you stand? Is the recent downtrend just a mere retracement? Or the beginning of the bear market?
Every investor should consider this downward trend in price as an opportunity. This downward trend in Bitcoin should be considered as another great period. Do not shrink yourself due to the fear of losing in the current bear market and continue to expand your purchases. You should have this mentality that no product will always continue to increase in price. When you actually do any business, you keep buying more as much as you can during the price decrease and sell when the price increases.
Bitcoin's price is still very low and its price will soon exceed another ATH. So this period of price decrease should not be considered a trap. Consider more buying opportunities for the possibility of getting high profits in the future.