As a cryptocurrency enthusiast, it's natural to hope for the best and expect a bull market to occur, with prices rising and crypto assets appreciating in value. However, for me, as I am looking to accumulate more cryptocurrencies (and here I am referring to Hive in special, which I think is so much underrated), the bear markets can be a blessing in disguise.
In a bear market, prices tend to be lower, allowing investors to accumulate more crypto assets at a lower cost. This can be especially beneficial for those who are just starting to invest in cryptocurrencies and want to build a solid foundation for their portfolio. For me, this translated into Dollar-Cost-Average DCA which I have performed until these days when the markets improved. Probably I can push the DCA further and stick with it until higher values, but as the profit decreases I have decided to slow down as well.
Additionally, bear markets can also help to weed out weaker players in the market. Projects and even exchanges that are not well-established or that have poor fundamentals will typically suffer or even go bankrupt more during bear markets, allowing investors to focus on the projects that are most likely to succeed in the long term. Some of my investments almost went to dust, but some others showed promise and fast recovery.
One of the key benefits of a bear market is the opportunity to accumulate more cryptocurrencies at a lower cost or simply earn through different mechanics like staking, delegating, DeFi, and so on. By doing so and focusing on the right assets you will grow your stacks on those that navigated the storm and got alive out of it. And this should be proof that the future will hold good times for such assets.
In conclusion, while a bull market may be more exciting, a bear market can offer a unique opportunity for investors to accumulate more cryptocurrencies. By taking advantage of the discounts that are available during bear markets and accumulation through active participation while there is less competition, investors can build a solid foundation for their portfolio and prepare for future growth. Of course, it's always important to do your own research and invest responsibly, but for those who are looking to accumulate more crypto assets, bear markets can be a valuable tool. This is why I would like for the bull season not to start yet and keep on accumulating more assets. You can call me crazy for that, but that's the truth.
What about you? Are you ready for a bull market or you'd prefer to accumulate more assets during a bear market?
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I feel exactly the same as the longer this lasts the better for all of us.
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Yeah, lower competition in grabbing the rewards. 😉
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At this moment I would prefer that prices stabilized at the maximum as they are now, I would like to be able to accumulate more discounts before there are further increases!
Right, accumulation first, profits later. And to hit it big!
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Yes indeed, I believe there will still be time to accumulate in any case. So come on!💪
more time to get more lvl at these prices.... although that time is running out
I'm with you on that one, let the prices stay low (and lower) a few more months!
We are in agreement, with steady growth with strong fundamentals.
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I also don't like this idea. I like when you can use crypto when you evem play the casinohttps://dekhnews.com/most-trustable-online-casino-sites-for-safe-fair-gambling/ which grants you a possibility to acquire faster payments and i must say that there are a lot of blockchain based games, which kinda bring me joy, cause i like different genres you know
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I also don't like this idea. I like when you can use crypto when you evem play the casino https://dekhnews.com/most-trustable-online-casino-sites-for-safe-fair-gambling/ which grants you a possibility to acquire faster payments and i must say that there are a lot of blockchain based games, which kinda bring me joy, cause i like different genres you know
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I hade enough with the bear market. It's now time to make some money for the next bear market.
Same here too! I don't think I have accumulated enough in the bear market. The bull can wait for awhile lol. It's easier to grow and build during the near market.
We all have seen that, Crypto works on Bull and bear season, if you are having a bear season, you will definitely be having bull season also. So, why be tensed in bear season, In fact , bear season is best to accumulate Good coins and get benefit in the bull market, you just need to do some research to find some gems. Hive is one of them, one of the best thing about hive is that, we can get more Hive, when the price is low, that will surly going to benefit when the price goes up.
Kill me for it...
But I do agree with you😂if it can continue onwards for about another 6 months so that I can properly stack up on some good coinage
I am in it for the long term so I have a similar sentiment and I think it's better if the market goes bearish to flush out more people first.
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"It is widely believed that the bull market in cryptocurrencies will begin once the MACD on the monthly chart rises. However, this is not a certainty and depends on various factors such as inflation levels globally, not just in the US but also in Europe. If inflation decreases in these regions, then the likelihood of a bull market in cryptocurrencies increases.
It is important to keep in mind that the cryptocurrency market is extremely volatile and can change at any moment. Thus, it is recommended to follow trusted cryptocurrency Telegram channels and groups to stay updated on the latest developments and market trends. Happy trading!
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