Expect six more months of bear market in crypto
If there is one thing which bitcoiners know, it is that the crypto market is cyclical.
We have had multiple boom and bust cycles throughout the years with incredibly similar characteristics in terms of percent change.
Bitcoin had its boom last year and every other coin followed. And a boom is always followed by a correction.
You can see the big picture in this chart.
Six more months of bear market in crypto is completely normal and expected. Be warned.
Expect to see the "Bitcoin is dead" articles again. The more common they become - the more you know you have to buy.
Now, and in the following months, it's the accumulation phase again.
#BUIDL
We have had multiple boom and bust cycles throughout the years with incredibly similar characteristics in terms of percent change.
Bitcoin had its boom last year and every other coin followed. And a boom is always followed by a correction.
You can see the big picture in this chart.
Six more months of bear market in crypto is completely normal and expected. Be warned.
Expect to see the "Bitcoin is dead" articles again. The more common they become - the more you know you have to buy.
Now, and in the following months, it's the accumulation phase again.
#BUIDL
Comment:
Nailed it!