Are we in a trough, bear market or other situation? | Via CryptoQuestion | Capital | June 2021


Form an effective strategy to deal with the volatility of the crypto market

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This is a question in the minds of many cryptocurrency investors.

If we must indulge our own questions, we will have to answer that it is too early. The average length of the bear market is 289 days or 10 months, although the crypto winter lasted for several years. However, in the next few months, we do seem to experience ups and downs. A clear sign is that Bitcoin’s price forecast is as low as $16,000, and opponents get more coverage than optimists. Gone are the days of Bitcoin price predictions of $100,000 and $500,000.

Another sign comes from something called the “fear and greed index.” As the name suggests, the index measures the fear and greed inherent in the crypto market. Its value ranges from 0 to 100, with a value of zero indicating “extreme fear”. Last month, the “greed” index was green with a score of 73. Last week, the index was 20, representing extreme fear, and this week it dropped to 13.

These signs indicate that market sentiment is at a very low level. So is it really too early to judge whether we are in a bear market or a more attractive trough? I’m sorry to have to tell you that the answer is not satisfactory. No one has any clues.

There may be two situations. The first is that the market will find a comfortable bottom, growth will resume, and continue along the path of the bull market, starting in May 2020. The second scenario is that the market will continue to spiral downward for a period of time. The fact is that no one knows which way the market will go, not even Elon Musk.

Who is talking nonsense?

I saw a post on Twitter this morning saying, “What caused these declines?” The reality is, who cares…

This novice investor did not grasp the point. Do you think Warren Buffett checks his stock price every day? the answer is negative. He focused on what was in front of him. He made a long-term decision and believed that he would take care of himself in the future. It usually will.

We must adopt the same attitude. If we believe that cryptocurrency is the future, then we must make long-term investment decisions, which means buying quality projects with fundamentals. Then, you are no longer interested in the unpredictability of the market, and more concerned with ensuring that you invest in the best projects. If you are taking another investment approach to invest in items that can be classified as fashionable, such as the memecoin boom we are now experiencing, then I can understand why you should check your portfolio every minute. If you make money according to this strategy, I am happy for you. But don’t deceive yourself, you are not fully invested in the future Web 3.0 that many of us think. If you think that the blockchain will replace the Internet, then the decline or bear market has nothing to do with you. As they said, quality always surfaced in the end.

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Look on the positive side

The arrow on the back is the trailblazer. It will not be smooth sailing, but investing in altcoins is still only a few games. A lot of money is still to be made.

Best quotes

“Buy when there is blood on the street, even if the blood is your own.”

This means buying quality assets that are lower than their true value. A quick glance at many leading crypto projects shows that their value is well below historical highs. If you are confident in these items, now is the time to buy.

Here are some quick examples of quality items, comparing their current prices to the highest prices in history:

  • Ethereum -45%
  • Sita -47%
  • Associate -57%
  • Matick -49%
  • point -59%
  • make up -65%

It is described as one of the most valuable resources in the field of altcoin investment. We totally agree.Download your free mini cap watch list from our website Here Receive it in your inbox every Friday.

Concluding remarks

The winner will be a project that embraces the mass market. When Aunt Polly can bypass Uniswap without pulling her hair, this will be a strong indicator of our arrival. But at the same time, this is a good time to look for projects that can achieve this breakthrough. They are still outside.

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