What really bothers me about the Bear Market
In recent weeks there has been a very peculiar movement of the crypto market, it has been going down. In that way has been brewing what is known as the Bear Market, normally this type of market can precede a period of crisis in the market, although it is no secret to anyone that for decades has grown the germ of a financial crisis because of the traditional ways of thinking about the economy, it is time to stop the debt as an engine of wealth generation.
Undoubtedly cryptocurrencies have emerged as an alternative to the problems that are occurring and will precede the traditional market in the future, but not too far in the future. But, as nothing is perfect, we learn as we go along and in this pre-crisis, the crypto market has also suffered. But, we must remember that these events that seem catastrophic because there are large losses of money, are natural market movements.
Source: Binance.com mobile application
Based on the main maxim of Trading : "Buy low and sell high." the market should not always be up, or what is known as the #BullMarket, otherwise who would buy? that's why the market movement at certain times makes corrections in the price.
If we look at the graphs, I at least brought a couple of screenshots from my Binance account on the graph of Bitcoin Cash (BCH), observing a current price around 120$ USD, when we know that in the history of BCH has reached a few tops over 1500$ USD, and remembering the second maxim of Trading: "The market returns to where it was", means that at some point, BCH may return to increase its value 10 times what the market stipulates today. Now, this is not a financial advice, it is my personal opinion about the current scenario.
Source: Binance.com mobile application
The truth is that what really bothers me is that the thought of BCH going back above $1000 USD makes it very attractive to buy as many BCH coins as possible right now, but I don't have a penny to do it right now and this is what bothers me the most. Not being able to buy BCH at the moment. For example, today you buy a BCH, you invested 120$USD, and in a matter of 12 months it is positioned above 1200$ USD, we are talking about a profit of more than a thousand dollars, only doing Hold.
This makes me think about the incredible opportunities that cryptos offer us, it is amazing. But as I said, this is not a financial advice, it is my opinion about the current scenario.
What bothers me is that crypto is far of what they promised it to be. The made financial crisis inflation included by the elite does infect crypto and I truly believe these same people/organizations own the crypto too.
They want us to sell, they know many will panic and will and the end of the story is a central bank digital coin.