We have been on a long bear trend in the crypto market for six months.

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1 year ago

Many markets worldwide came down, so much so that we could say that Bitcoin is not so independent of other markets. If the stock market falls, so does Bitcoin, the whole crypto market together, or by the influence of Bitcoin. But the market will do what it must do, no question about it. What is important is what you hold, what you sell, and what you will buy after that is just another day in the market.

The crypto market seems to be following the stock market because it is humans making the trades or instructing bots to buy or sell, so you will have the results we are having. Rich people sell the stock market, rich people in the crypto market sell too, and monkey sees monkey does. But one unclear thing is that Bitcoin has already lost over 50% of its valuation and has more room to dump even harder.

Many will try to sell you the idea of technical analysis resistance and support. Still, the truth is no one knows where the market will take us unless you are loaded to the max, and you are a whale or a person with large pockets enough to dictate where the market will go since our market capitalization is tiny compared to other markets. I think Bitcoin could see prices below $20,000 if the current levels don't hold. Beyond $25,000 is the same old same old bear market once more.

The truth is that it doesn't have to go down. Still, the road to higher prices is not easy either, especially if you consider that now we have people like Elon Musk who seem eager to point out Bitcoin's issues. He hasn't discovered that Bitcoin doesn't work to process payments. When he finds that, he will tweet another bearish tweet like the one he posted a few weeks ago that made BTC come down from $62,000.

It is possible to see prices below $10,000 again, and it is possible to even see $1000 for each Bitcoin because now even more people know that Bitcoin doesn't work whatsoever to process everyday payments and that LN is just a custodian solution. After all, almost everyone is using custodian accounts like Strike, Chivo, and the Wallet of Satoshi. Now I am saying that Bitcoin will go to $1000. I am saying that it is possible to happen.

The problem, in reality, is not what is possible and what is not. The problem is if you are willing to take the opportunity to load up with Bitcoin, Bitcoin Cash, or any other cryptocurrency once the bear market is well known and established. If prices go up from where they are now, and you don't sell and buy, you will profit if you hold your purchases until prices come down. Even more, the more profit for you.

I am saying that right now is not the time to sell any of your cryptocurrencies but to look ahead and start saving more fiat to buy even more once the full-blown bear market is here. If the price increases, you will still hold what you already have and profit. Whatever amount of fiat you may have saved, you could keep it so that if the bear market continues, you will have the resources to buy the next opportunity that comes to your preferred cryptocurrency. Saving fiat to buy at a lower price always works no matter the currency of your liking.

In conclusion, don't panic or sell if you hold Bitcoin Cash or any other asset. Stay calm and start collecting some fiat so that once the whales dump the price, you can load up at a much lower cost. After all, it is in bear markets that you should load up your bags and sell them for a profit to the bulls. Those that bought BCH at $100 and sold at $1000 are making bank, so try to repeat that, and if you still hold some BCH keep on holding because you never know if the price will pump from here.

If you, like me, believe that Bitcoin Cash is the real Bitcoin, you should not sell and be happy that prices are coming down because that will mean you will get the most significant asset at a discounted price.

I would say that the next price will be $100. If nothing more, this means having some cash ready because we could see discounted prices soon. And sell what you have because the whales could be playing dump the market to eat the smallholders.

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