Bitcoin corrected a little and some are already calling for new lows and shorting Bitcoin heavily
Very recently Bitcoin made everyone smile when it pumped hard and carried the entire crypto market along which made the market so green that most of us thought that the Bull market was fully back or about to kick off, but as I said in one of my most recent posts, I am not going to pick side yet I will go where the price action is taking me, now most people are already allowing the recent dip cloud their judgment as they are already calling for new lows and shorting Bitcoin hard because the pump to $25k was obstructed by the Order Block (OB) at the $21k region that is holding Bitcoin from pumping higher.
Holding or Hodling your coins and Dollar Cost Averaging remains the best strategies when it comes to Bitcoin and this prolonged bear market or any bear market for that matter, this is the best time to take advantage of the Bitcoin and Crypto Market to accumulate more coins at a very cheap price, which you will reap the benefits in the next bear market whenever it comes. The bear market might not be over anytime soon but be rest assured that it will someday the Bull market or Bull run will reward HODLers who held their coins throughout the crypto winter and also the Bull Market will reward risk takers who bought the dip when somewhere running scared and panic selling.
Because they do not believe that the Bitcoin market or crypto market will ever recover from this prolonged bear market condition because they are allowing the wrong people to get in their heads, listening to all the FUD news and Noise online about bitcoin going to ZERO which is sad. Now am seeing things like Bitcoin is heading for $10k on Twitter from the same people who tweeted that Bitcoin is heading to $25k when Bitcoin was pumping how funny is that? Stay loyal to the price action and what you believe in not reacting to every short-term dip or little move that the Bitcoin and crypto market makes, try to analyze the Bitcoin and Crypto market with a clear head and without emotions clouding your judgment.
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Don’t get too focused. Have a portfolio approach. 😉
I can't turn it off, and what is the portfolio approach mate?
Not being a maximalist and have a diversity of investments. That can include stocks
Oh ok, I get it now. Thanks mate.