A bull market and a bear market are two of the most commonly misused concepts in cryptocurrency trading. Many people see a price drop of xx% or a couple of weeks and think that the market is in a bear market. In fact, the price decrease or increase is only the result, and the cause of the price decrease, in my opinion, is the deciding factor for bulls or bears. Bear is a state of market where there is absence of buyers. Sellers imo, be are always available. The market that lacks both buyers and sellers will often go sideway.
From a food chain point of view, in the bull market, fomo, buyers at top and newbies are the bottom of food chain. In a bear market, traders will be at the bottom of food chain. Whales are always on top imo.
Cryptocurrency is just a ponzi in a form of a casino, nothing more.
From a food chain point of view, in the bull market, fomo, buyers at top and newbies are the bottom of food chain. In a bear market, traders will be at the bottom of food chain. Whales are always on top imo.
Cryptocurrency is just a ponzi in a form of a casino, nothing more.