Big Dip Or The Start Of The Bear Market?

One week of bleeding and no signs of recovering is what's on the news right now. The 100k$ by the end of the year 2021 didn't happen but this doesn't mean it will not happen.

Bitcoin is down more than 20k$ since the all time high, everyone is expecting a bear market right now and they could be right. Although we usually see a bigger crash in a matter of hours when a bear market starts, this time we can go slowly down into a crypto winter. This market is highly volatile and it usually doesn't go as we expect it. This also means that in a week we can go from red to green and all this bleeding will be forgotten.

What to do now?

The first thing is that you need to be as motivated to invest as you were on a bull market. This is very important, your future self will thank you for this, if you are motivated to invest you will stick to your DCA dates and invest the same amount of money you were investing. During a bear market this will bring you more coins as the price goes down, if you really trust a project you can even go further and invest a little more if you think its cheap.

What are the best bets?

Bitcoin and Ethereum aren't going anywhere and they are solid bets to put your money in, they will be number one and number two for a long time and the predictions are that they will reach a new all time high again and again.

Some other projects might be good aswell but they are riskier, Cardano and Polkadot have good technology behind and they look like very strong projects. Exchange tokens like BNB will always be in high demand and with BSC this also might be a safe bet. High TVL DeFi governance tokens like Uniswap also are good bets.

Remember not to panic during this dips or bear markets if you feel like you need to panic it's probably because you invested more than what you can afford to lose and that's not a good idea. Keep investing what you can afford to lose and in the long run you will thank yourself.

Best Regards,

Cryptopeach