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?
I'm not really sure where the market is heading right now, especially since I'm not a good analyst. However, for me, the important thing is that we trade or invest with money that we can afford to lose so that unexpected conditions don't affect our finances. It also seems like traders will make decisions based on daily analysis, not looking at the market for a year.