Crypto curse: Bear Market
May 31, 2022. Monday
There is a proverbial saying, the ant's fan grows for dies. I'm saying this because Just as there are ups, there are also downs. Cryptocurrency is volatile and it's price always manipulated by big whales. When they sell their assets, the bear market starts and when they buy, the bull market starts vice-versa.
Market fall-
This bear market started from November last year. I've been in the cryptocurrency world for almost two years. These two years have seen a bear market and a bull market. That is, when I enter the world of cryptocurrency, I start from the bare market.
The bull market is very short but the bear market is very long. For example, in March 2020 and April 2, there was a bear market for bitcoin cash. But since the next month, the price of Bitcoin cash has started declining and so far it is at its lowest point. Bitcoin is the only reason that the price of Bitcoin Cash has fallen. When a multinational company or various organization buys a large amount of Bitcoin and starts trading and making a profit, it shows them that other organizations start to adopt Bitcoin.
This is how Bitcoin grows like a chain reaction. And since all other cryptocurrencies with Bitcoin are confined to one shadow, the value of other cryptocurrencies, including Bitcoin Cash, increases or decreases as Bitcoin grows.
Way to make a profit from bear-bull market-
My article may be wondering why the bear market is a curse for cryptocurrency. Let me tell you the reason. Many believe that the bear market is a new opportunity for everyone to fill their bags with the cryptocurrency of their choice. But when you see that your preferred cryptocurrency (such as my Bitcoin Cash) is not increasing in value even after holding it for a long time instead of increasing it after filling the bag with your savings, you will be disappointed and you will sell to reduce the loss. This is exactly what happens when everyone has less patience. But they do not know that they did the wrong thing at the right time. As soon as they sell their assets, the bear market starts. As has happened to me over and over again. However, if you have enough knowledge about trading, it is possible to make a profit from either bear or bull market.
The end of the bear market -
the bear market is not only in the cryptocurrency but also in the stock market, stock exchanges and even large companies. This is basically what we call bear market. There are many companies that cannot prevent this fall, which will soon lead to financial ruin. There are also some good organizations that take a maximum of two years to get rid of the bear market. Bear market is related to a term name "4 year circle" I don't know much about it but if you research you might find some important topics.
The bull market was supposed to start from November 2022. This means that each cryptocurrency would break a record of the previous price and reach a new record price. But there is a problem, and that is the collapse of $Luna.
3 billion USD worth Luna token has been erased from the cryptocurrency market, an effect we are already seeing in the cryptocurrency market. The bull market may come in the middle of 2023 as such a fall is unwelcome. That's what experts think.
In conclusion, it is important to keep your eyes and ears open, not just to invest. Although people do not know the future, I can say that some things can be predicted. For example, when Russia started the war with Ukraine, it was thought that the market was going to fall. Because of this war many products will fail to import and export and the market will collapse. And the collapse of the market means that the whole cryptocurrency is about to enter a dark world. Those who realized this had long ago sold their assets in cryptocurrency.
Thank you, hope you like my content. Best regards :)
There's high possibility that cryto has a longer way to go