Stop Actively Looking For The Bitcoin Bottom And Start Accumulating

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(Edited)

Let us try to be taking advantage of this bear market, rather than we just focusing all our energy on being the one to call the Bitcoin bottom. First of all, the Bear market is transitory and the Best Time to make the big bags and due to the bear market the drop in the overall crypto market capitalization (market cap) dropped but it will still recover definitely and more numbers will be added to it. Bitcoin and crypto have proven to always bounce back after each dip, so it's only a matter of time now for the market to bounce back. All you are required to do now in my opinion right now is be buying or accumulate more coins using Dollar Cost Averaging and then be patient for your investment to grow.

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Calling the exact Bitcoin bottom is really going to be hard. But I know it's close, or it's even already in maybe, due to the reason that the bear market has been prolonged and the price of Bitcoin has broken the last year's lowest low at $28k before and stayed below it. Calling the exact Bitcoin bottom is impossible right now although anything can happen in crypto, but Bitcoin is over 56% down which is a massive discount and a good price to start buying using a dollar cost averaging strategy, which helps to reduce the impact of volatility in the market. But anyway if you are waiting to catch the bottom, you will be stuck in analysis paralysis and won't take action.

I think we should forget predicting the Bitcoin bottom and start making a good profit now because future valuations are all speculations and guesses. The market is very unstable and you can't tell if it's going bearish or bullish. The optimism is great and will feel good if call and catch the exact Bitcoin bottom, but Bitcoin cannot be predicted easily like that right now, because of too much volatility. Bitcoin is fully decentralized and anything can happen that will or can make the Bitcoin movement to continue to be bearish. Even if Bitcoin is indicating that is in the oversold region, which means it is supposed to pump but it won't stop dipping if paper hands continue to sell. The Bitcoin bear market is transitory as I have said before and also the Bitcoin bull market is also transitory. But in the long term Bitcoin bull run is always greater and more preferably by the people because they are making money as price pumps but the truth is that the bear market is when the most money is being made. Always buy low because Bitcoin it'll definitely bounce back(NFA), so when other people are FOMOing you will be planning on selling off your coins.

THANKS GUYS FOR READING MY POST.

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