How to understand the crypto bearrun and the bullrun?

Posted by Promotional Motor on August 13, 2021 - 1:20pm Edited 8/13 at 1:46pm

I want to share my personal thoughts on the current state of affairs in this world of #Blockchain and #Cryptocurrency.

I agree that the Crypto Market is down right now and there are many who feel sad and frustrated by it. The reason for the frustration and sadness is probably that you bought during the market rally in December and were expecting the 100k forecast this year.

I don’t know if that 100k will be reached or not, but if properly we will end #BULLRUN this year 2021. If not this year it could be next year to come. In any case, I always repeat that Bitcoin (BTC) will have to come to this stage one day. I mean 100k.

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My only advice in case you need it is to take advantage of #BEARRUN.

That is, don't buy when it goes up but when it goes down instead when you don't have profitable trading strategies. JUST BUY AND HODL IT.

Because one day it will always have to go up, and in Crypto, the ascent is longer than the descent.

Often people who buy on the rise are always feeling sad because they lose money on the decline, if they don't lose it they have to wait for a long time to get the profit from it.

But those who buy on the decline of the market must always make a profit.

Whether this BTC falls below 30k, 29k, or 20k, I think you will never regret these values, as it is still below 64k which was ATH in May 2021. In a few years, we will see that 20k or 30k value will be the same as you are looking at BTC 3000 USD in 2020 now or 10 USD in 2010. Personally, we should never be sad or discouraged by this decline but rather soon will be happy because we can increase our investment.

If you need my recommendation on what Crypto to buy, they are already among my favorite cryptocurrencies in the BIO, such as

Bitcoin

Bitcoin (BTC)

, Ethereum

Ethereum (ETH)

, Polkadot

Polkadot (DOT)

, Litecoin

Litecoin (LTC)

Binance Coin (BNB)

EOS (EOS)

, I am thinking of introducing Solana

Solana (SOL)

. So good luck to all of us. Crypto will live a long life. :maximalist: :xtmforever:

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kierah

1,002 Followers • 770 Following

Great advice. Yep, got all of those.

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elephant

The Beatings Will Continue Until Morale Improves

Completely agree with everything you wrote. I'm seeing people suggest that buying now is a waste and too late. That doesn't make any sense if you believe it has a lot to go up yet. The prices are good right now, some better than others, but far from bad or too high.

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