Cryptocurrencies are not fashionable in downtrends

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A phenomenon that all of us who have been in this cryptocurrency environment for some time can notice is the fact that cryptocurrencies are fashionable when they rise, but are really unpopular when they fall.

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Popular in uptrends, unpopular in downtrends

This is quite normal, although not at all desirable. It happens that when BTC (or any other crypto) is on the rise (in a bullish trend), everyone seems to revolve around cryptocurrencies, everyone seems to support that the price of BTC will go "To the Moon"; and everyone starts dreaming of becoming a millionaire overnight.

Oh, but instead, when the market is in a downtrend (and especially bearish as pronounced and prolonged as the current one), everyone seems to expect the worst; that is to say, it is in moments like the present that everyone seems to think that Bitcoin and cryptocurrencies are a fraud, that they will cost $0, and that those who remain in them will end up broke, financially speaking.

Not so bald, not even with two wigs...

The saying "Not so bald, not even with two wigs" is popular in my land, and what it means is that we should not exaggerate our reactions, nor let ourselves be carried away by impressions or visceral emotions.

Because although the current situation of the crypto market does not seem the most suitable for investing in it, it is also true that it is precisely in these scenarios that it is possible to make more money, if we know exactly what we are doing and if we are patient. Because let's remember that markets work through endless cycles of accumulation and distribution, and that these cycles are the prelude to bullish and bearish trends, respectively.

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Well, this is not an investment recommendation for anyone, but until yesterday I had $3,000 saved in USDT, and I decided to invest it in BTC through a well-known exchange. And that I did; and I don't care if BTC will worth $10k or $8k, as some analysts say, because the fact is that I know how to perfectly control my emotions in the markets and I also know that, despite the crypto markets are currently bearish, they are at the same time cycles of accumulation that will end at any moment in an upward trend.

Because accumulation cycles are followed by uptrends, just as Distribution cycles are followed by downtrends.

To sum up

I don't care if investing in cryptocurrencies at the moment is unpopular for most people, for me it is the best thing to do, given the current circumstances.

See you!!

Posted Using LeoFinance Beta



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