Bear Market Shows The Real Picture In Crypto
You can see a completely different picture in a bull market. Some people give crypto advice and show that if you bought crypto following their advice, you would have made that amount of profit. Maybe you feel you should follow their lead next time.
Does that work? Maybe it works at some point in a bull market. As soon as the crypto market changes its direction and looks bearish, you get confused about what's going on. When the crypto market moves into a bear market, you will be in dark. You may lose everything that you have and earn in a bull market.
So what's the point of earning if you lose everything? I think a bear market is a test to see how good you are. It shows the real picture. Otherwise, you may not know what it is like being in crypto.
There is a big difference between hearing about something and doing that. A bear market is a hard time. So how hard could it be? We started seeing scams and fraud in crypto that's beyond imagination. They present themselves in such a way that people trust them.
To protect yourself against any scam and fraud, you have to be careful about that. Things change and scammers find new ways to keep doing their scams. They are well-connected with high-profile individuals and influencers. FTX is a good example of how they show themselves that they are not.
Protecting your crypto is one of the most important things if you are in crypto. You get freedom and control, but if you let it go, you will not have it anymore. There is no way centralized crypto exchange is as safe as you think.
Anything can happen at any time, and if you keep your crypto in any centralized platform, it can disappear like it never exists before. If you trade crypto actively, you can have the fund that is needed. Again if something happens, you are at risk of losing what you have over there.
Seeing is believing. This bear market shows the real picture. So much drama is going on in crypto in a short period of time, it is as if you are watching a movie. The only difference is things are not real in a movie and you know that. The shocking thing is, whatever you have seen in a bear market is real.
Crypto gives you freedom, security, and control as long as you hold the key. Let's learn from what's going on, get better and move on.
So what do you think? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.
