Whenever there is a slightly stronger drop, many newcomers (and some not-so-newcomers) panic. Just another half dozen of whiners starting to call everything a fraud (they must be used to little tigers 🤷♀️)
We have been in a bear market since the end of November at least for those using the monthly MACD and parameters. Denying this is asking to lose money.
What I learned from my first bear market:
Forget altcoins, unless you understand a lot about charts to take advantage of a day trade, a scalp. All will drop significantly during this phase, and most will never recover.
With each new support reached, buy more BTC BNB ETH BNSOL and WBETH. It’s investing to think about in one or two years. The only certainty of nice highs is in 2028 with the next halving. There might be some bullish movement along the way, mainly influenced by geopolitical interferences, but certainty of a reversal to a bull market only in 2028.
How much will it drop? I don’t know! I venture to say it will go down to about 50k, maybe less. But I haven’t done any analysis and honestly, I’m not concerned with the minimum. I’ve fractioned my cash and will keep buying on the way down. When it reverses, I will use whatever is left of my cash.
And remember, it’s the weekend! The retail money rules, inconsistent, fearful, scared. The weekend movement does not reflect the real movement.
And especially: DON’T GO WITH THE FLOW OF OTHERS! Especially if the other is an influencer. What a breed that brings nothing positive to the virtual world.
Read other people's opinions, but use your own neurons to decide what to do. Question, research, think!
And buy! 🐻🪂💰
