Embracing Possible End Of The Bull Run, Possible Mt.Gox Dump Soon

It’s that time of the crypto season where we need to be realistic with oursleves and accept the fact that the bear season is here and the bull run is over. If you are a newbie and you are getting confused with the meaning of bull or bearish run, well don’t be, I will explain it for you.

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In the financial market we have the bulls(buyers) and the bears(sellers), these people play a big role and their roles determine how the market will move or what directions the market is expected to go. The market is a continuous activity of buy and sell, when one side of the market start out performing the other, then you feel the impact of their actions in the market. When the buyers are outperforming the sellers, meaning that people are always willing to buy more than they are willing to sell, when this happens we see the prices of digital assets going up. When this happens, we can say that we are in the bull run. During the Bull Run, assets are always hitting all time highs back to back, it’s usually an up movement.

The Bear Run is just the opposite of Bull Run, assets are always on the downside movement, approaching series of all time lows. The sellers are outperforming the buyers, people are willing to sell more than they buy. The year is still fresh and young and but we have been seeing a lot of down movements. The market has been seeing series of lows, but as usual some people are in denial and don’t want to accept the fact that we might just be in a bear run. Bitcoin has lost almost 50% of its all time high price, which in my opinion should be an indication of the beginning of a bear run. Everyday when we wake up, bitcoin is constantly approaching previous lows day by day.

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Expected Mt.Gox Dump
Mt.Gox victims are expected to have their lost bitcoin recovered to them after so many years of waiting. These people were one of the earliest bitcoin investors, they bought bitcoin really cheap but the unfortunate event made them unable to access their bitcoin for years. 150k bitcoin was claimed to be hacked off the exchange, if they successfully recover these Bitcoins, what do you think most of them will do? Imagine dumping 150k bitcoins right now, 😂 let me leave you with that imagination.

Most altcoins have lost more than 75% price value from their all time high. We can see that from coins like CAKE token, the tokens all time high was $40 but the price is currently $7. That’s a massive drop in value, if this is not an indication that we have arrived the bear run then, I have no idea what a clear indication should be anymore.

Those people that experienced the 2018 dump that took 2 years can testify to this. The market dumped for 2 years was in constant bear movement, but sometimes the market can show some love and give you little celebrating gains like 20% spike, that’s if you were lucky enough to buy the low. That’s the issue with buying crypto, you can never know when you are buying the lowest low or selling the highest high.

How Do You Embrace The Bear Run
Well, first is accepting the fact that we are in a bear run, this way you avoid being in denial. Denying that we are in a bear run brings expectations and expectations brings disappointment. So don’t be in denial, accept it and think of how to find an opportunity in this bear market.

I have learnt to embrace the bear market by refraining from constantly checking my chart. 😂 no matter how hard that sounds, don’t check your charts and your wallets. Constantly checking your charts and wallets is worthless, your eyes can’t move the market.

If you have a fiat job, lucky you, you can buy the dip if you want to, but if you don’t have any fiat and crypto is your main source of income then you should embrace staking and staking rewards.

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