Bull market and Bear markets are very common in the crypto world
When there is a bull market, the thought process will be that we will never have another bear market at all and people will easily get excited about it and never think about the worst-case scenario. When the Bear market happens, people don't think that there will be a bull market again but instead think that it will keep falling down continuously. The best outcome is when we make use of both market conditions. We don't have to be proactive in both cases but at least we have to be smart and purchase when the market is bear and book profit when the market is bull.
Successful people are the ones who don't get carried away by both situations. They know how to plan very well for both scenarios and they execute their plan very well. It is definitely not an easy decision to make. If we are in the crypto world for a long time, we would definitely know that once in a while both bear and bull happen. Sometimes the bull market would be for a very long time and when it happens, we would think that the bull market might continue and we might end up not booking any profits.
The same applies to the bear market too. When people think that they have to make some investment, they keep waiting for the right opportunity. When they do so, they forget that they are already missing a good opportunity. Sometimes the bull market may not be for a very long time but bear markets can stay for a long time. We shouldn't think that crypto is hard and leave crypto. This happens once in a while and suddenly there will be a new situation like news about China investing in Crypto or a big guy investing in crypto. This news can first pump the price of Bitcoin and then suddenly we will see a huge spike in the price of altcoins as well.
There is one huge advantage here or maybe we can also call that an opportunity. When the pump happens in the crypto world, first the native coin price would go high, and then gradually other coins will start pumping. Most of the time there will be a few days in-between this time when the adults participate in the bull run. This is the time when people try to make the most profit.
Traders are people who see opportunity when the market moves up and down. This has always been a great earning opportunity for crypto traders. They stay dependent on the bull market and bear market. Trading does require some proper planning otherwise things can turn off to be disastrous.
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It's true that we need both to understand and strategically plan in both bull and bear markets, as well as seizing opportunities presented by market dynamics. While I am a forever HODLer, I do plan to take some profits based on the predefined thresholds. I can say that now I am a man with a plan, compared to other bull cycles that I've missed taking the presented opportunities.
Good strategy would be to book profits during good market and wait for the stable bear trend to invest again and wait.
Glad that you made the explanation of both. In the crypto space, you can't deny both and this is quite necessary
Yes never under estimate the power of both.
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I'll wait a bit this week to confirm what we're getting into. Acquiring some quantities of Ethereum.
Nice I will also buy a few more this week.
It's just like these two things have egos and unless people gather information about them about cycles they will never be able to make a profit from this industry and give away their money to people whenever they come. If you are going to leave, it is better to first collect all the information about this industry, then one should invest money in it.