Just as I posted here in my previous post about bearish markets being suitable for new investors or new comers generally into the crypto world. I never expected the dip to go this far.
So, just as the topic of the blog states, should an investor be skeptical when there is a fall in prices of crypto or does it suggest that they were never really prepared for whatever is to come because as it is said, do not use your hard earned money but spare money.
One man's food is another's poison though, while some can't wait for the bear market to be over, I the hopes that the market slows down bleeding others are trying so hard to work to get more money to buy the dips.
I would also suggest that, if this is actually your first crypto capitulation embrace the situation and not be burdened with the fear mentality going on around. All that is needed is focus because this moment can either change your life or not.
Now the concept of "FOMO" comes in, this simply means the "fear of missing out". Many people have impulsively used this method as a means to penetrate the crypto world with little or no knowledge of how the entire system works. All they are after is a means to enjoy the benifits of a reduced price in crypto and proudly claim to own some investment.
The dip keeps going deeper and bloody. The streets of the crypto markets are bleeding, some are 'somehow' benefitting while some are at a loss but in all, this phase could be a blessing or a curse, we just have to watch and see as it unfolds.