Crypto have finally reached the bi-annual suicidal sentiment stage in the crypto market, and that means that the bottom is close.
When this sort of thing happens in crypto you won't hear from anyone that has been in this space from either the beginning or longer than a full cycle. The smart people are silent while the rest of us on here groans over market chart and every bad news on the internet. The reasons why you don't see many people talking about this crash are either they are on a set DCA plan or they're smart enough to understand this is only the beginning. A couple months back, many people were rejoicing seeing BTC at over 80k and thought is would be sustainable, but here we are at the lowest bottom. Nevertheless, this is not the end for BTC.
Who knows, it might even bounce back up beyond that $80k any moment, but you need to keep in mind that the bear market has only just begun. Nobody knows where it will bottom out but if you think even $60k or $50k is the lowest you might be deceiving yourself, and of course you can do as you please.
This is the time to stack dry powder and wait for the market to bottom out. Do not think of short term buying and selling right now because we are likely going to go dipper. Everyone who bought in at the top is has been turned automatic ''diamond hands'' because the waiting for recovery and possibly making profits is going to be long. No one have the ability to time the exact bottom, that's the beauty of crypto, and no one also know the exact top to sell. People who think they can spend 6 months to a year in crypto and walk away a millionaire are either dwelling in imaginary land or thinking about getting lucky, and 99.9% of such people are in the former.
You must be strong to survive the tsunami of red candles and numbers to be able to witnessed the green tide later. While the past weeks, and or since October 10 has been rough for the market, it is not something unprecedented. It's during these periods of brutal lows that previous crypto bulls were born.
What else? You don't need anyone to tell you how the game is played, and as always, don't invest more than you can afford to lose. As long as you keep to that principle you have no business with volatility or wasting your strength over market charts. If you didn't sell all these years, why would you want to sell now? Keep holding don't fold up.
At the end of it all, know that life is more important than watching red and green pixels on a screen. Instead of wasting your time and energy refreshing market charts, invest them instead on your life and mental health, doing that will keep you safe no matter what the crypto gods decides.
