Why Bearish Market is the right time to Enter..
Crypto has grown a lot in the last few years and last the bull run has played a vital role in the adoption and acceptance of crypto in the world. Usually, more people enter the crypto market during the bull run cycle because this is the time when prices are on the higher side and that is something that calls more attention to the market which is why a lot of people enter the segment to try their hands to make some money throuhg crypto. I have completed more than 4 years in crypto and during my tenure, I have witnessed two bull run cycles. First, in the year 2017 when I made my entry into the crypto space and the second one was in the year 2021 which stayed for an extended period of time and it was the biggest ever till now in the history of crypto. Bitcoin's price which was able to make its all-time high in the year 2018 at the mark of approx 20,000 US dollars has now moved to almost 70k USD price mark which is a big achievement and at the same time, altcoins have also shown significant growth in the prices.
Crypto is not for easy money because it requires thorough research and long-term vision to earn a decent income but those who are not in crypto consider it away be a quick rich scheme. Some people make good money in less time but that ratio is very low and because of this many people also enter and then lose the money. Its hard to determine the right time to enter the crypto market and when the market is down by almost 40-50% then it can be called a big crash and a good time to enter the market.
Its the time when sell pressure is high and the majority of investors try to sell and the fear index is high. Its obvious that people try to stay away from that market this time however this should not be the case. An experienced investor always enters the crypto against the wave which means if the majority when more people are selling then its the time to buy. Its risky for sure but we need to note that when we take more risk then probability of profit is high. Its obvious that we need to choose the right coin/project and if we take bitcin as an example then there is nothing to worry about. Bitcoin's all-time high price is 69k and now its less than 30K so there is a dip of over 55% and in my view its the time to buy.
We cant expect crypto without bitcoin and I dont think that in the next 8-10 there will be anything that can replace it so it shows that bitcoin is a reliable investment when it comes to market survival. As per the historical performance, anyone who holds BTC for 300 weeks is on profit for sure, and even if the person has bought on a high price. Bitcoin will cross 100k and this will happen but we dont know howmuch time it will take so this time should be used to accumulate more bitcoin.
Based on my experince I can say that I started my crypto journey when the Bitcoin price was more than 15k in 2017 and there was a time when my portfolio was down by almost 80% but I did not sell anything. Now when the BTC price is down then also on the profit side. Although I kept on buying in the dips between the $ 6-15k price range and I still do the same now because prices are less. So bearish market is the right time to enter and no need to worry about the fear index if you have a long-term vision and believe in crypto.
Thanks for reading.
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Hello @alokkumar121!
I'm pretty sure many people agree with what you have said in the article as I can tell most of the people find these days the best to buy and hold as long as they can because they believe there will be a trend change one day and their money will grow on the long run. So it's all about believing and holding for now.
Thanks for sharing!