The title sounds silly, but it is true that profits can be generated during a bear market. This is the chance for wealth creation and distribution. I joined the crypto market at the height of the bull run, but what happened to me? There is loss and loss. I lost a lot of money when the bull market started.
Several times, I have asked myself why I am losing money in the cryptocurrency market. What am I doing wrongly, and what should I concentrate on to correct my errors? My point is that I constantly enter the bull market, which always results in a loss. To be honest, I used to buy #hive for $1 and now the price is $0.29.
This is one of the causes for my loss: I entered the financial sector during a bull market, and when the bear market began, all prices fell, resulting in massive losses. Not only myself, but the majority of people follow the same pattern of entering a bull market and then getting stuck when it enters a bear market.
That is why I propose today's title, "Big profits are made in bear markets," and I have the evidence to back it up. Those who are stuck buying #hive above $1 are all bull market participants, whereas those who bought #hive at $0.26 are bear market participants. All of these people will make large profits after a year or when the bull market begins.
Those who bought during the bull market, on the other hand, must wait and hold until the price returns to their original purchase price. This is the difficulty that the majority of investors face when they acquire any currency and wait for 2-3 years, claiming that there is nothing but loss. The only mistake I and you are making is not investing during a bear market.
Why not buy a token or coin that is 90% below its all-time high? This opportunity is only accessible during a bear market, when crypto coins are on sale at a significant discount. The glaring example is #hive, which was over $3.5 at its all-time high and is now only $0.29, roughly 15X lower than its ATH.
It is best to purchase before the herd comes. Keep in mind that the bull market is the season for selling, while the bear market is the season for gathering good items for the season.Or, as another example, consider Muslim countries. Before the arrival of the EID event, shopkeepers gather the greatest items that are in high demand.
They stop buying near Eid and instead begin selling the items they accumulated prior to the Eid season. The same is true in the Crypto market. The bear market is for stockpiling, whereas the bull market is for liquidating all of your possessions that you purchased at low prices.
I've learned from my mistakes to never buy in a bull market. When we observe the price of coins rising and rising, we become emotional. And we believe that now is the perfect time to profit. No, certainly not; those growing prices are the result of us and you being emotional buyers.
Whales and other wise investors continue to sell their holdings to you and us, the buyers in the bull market. As a result, investing in a bear market is a great way to generate significant profits or even shift your wealth position. As a result, understand the worth of the bear market and consider it the finest time to enhance your wealth.
This is an attempt on my part to inform you about investing during the best period of the year, which is the bear market. I also talk about the moment when wealth is created. I hope you find this post interesting and educational, and I hope you enjoy it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
TWITTER TELEGRAM HIVE WHATSAPP DISCORD
IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
