Hi all,
Having only started investing in Crypto 9 weeks ago early November I consider myself a beginner with a lot to learn.
I have heard of Bear & Bull Market and my understanding is we are currently in a bear market but what I want to know is there anyway we will know how long this will last for?
What is a normal period of time to be in either market are we talking weeks or months?
I am currently invested in 7 different coins and I want to hold them all for at least a year adding to each one when I feel the price is low but how can I tell that?
When I started 9 weeks ago Ethererum was at £3,500 and my mate who introduced me to this crypto world told me to wait until it dropped to £3,200 to start investing. I waited longer then that and started at £3,000 but since then it has just kept falling and I have kept buying. Do we know how low Ethererum can go? Is falling below £2,000 realistic? I dont know, but with my mate telling me to start buying at £3,000 it makes me feel that these current prices are great and I will keep buying.
I would just like to be able to look at the market and have a better understanding of everything.