Due to the prolonged crypto Bear market, fear, uncertainty, and doubt (FUD) has set in and it is very high at the moment as so many people and some crypto gamblers, not traders, are predicting this bear market to be the end of Bitcoin or Crypto, I just see this kind of predictions as emotional talk, they have allowed their emotion take over of their critical thinking and it also shows that they really don't understand the crypto market cycle and how the crypto market works, in simple terms there is always going to be a bear market and bull market or bear cycle and bull cycle.
So this is the best time to accumulate more coins when too many people are bearish. Cryptocurrencies right now are giving us lots of opportunities to make life-changing money decisions by buying coins at a cheaper price, but many people are not taking advantage of them, due to fear or lack of funds. When the market starts hitting All Time Highs, those who missed out on buying the dip before will FOMO back in again at the top and get rekt. to be profitable in crypto you have to buy low, and sell high.
If you take your time to take note of what is going currently in the market you will notice that crypto has had a very good and bullish news week, last week. Although it didn't show as we expected in the market.
Bitcoin Last Week:
- the Central African Republic made Bitcoin legal tender, becoming the second country in the world to adopt Bitcoin as legal tender.
- Panama legalizes Bitcoin as a form of payment.
- Brazilian Senate passes major crypto regulation bill
- Buenos Aires will allow for tax payments using Bitcoin
- Fidelity shocked the world by allowing 23,000 companies to offer Bitcoin for retirement accounts
So Bitcoin has had a bullish news week and also a bullish news month, but still, the market is dumping right?. that is because the market is in cycles and currently the bear market has to take its full course and remember that it won't last forever. When the bull market comes all this bullish news will serve as a catalyst to make Bitcoin pump massively, and hence the crypto market will pump too. This is something most people don’t understand but needs to be understood to avoid fear, uncertainty, and doubt (FUD). Bitcoin was designed to have unlimited growth and stand as a chance to attain financial freedom by Satoshi Nakamoto in 2008. Bitcoin went from below $1 over 12 years ago to ten of thousands of dollars. And Bitcoin's growth won't stop now, so any amount you buy now is insignificant compared to Bitcoin's growth potential.
For example:Those who bought 5 years ago at $1,000 or $2,000 are now in huge profit despite the huge dip or bear market and the amount they bought no longer matters. The same way it will happen 5 years from now, those who bought at $69K All Time High or at $34K low would not matter. Bitcoin has a limited supply with huge demand. So its growth is unlimited and can not be stopped.
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