RE: Fact Or Fud? Will The Bear Market Continue?
Why is it that an emerging tech like crypto is taking so long to correct? isn't crypto becoming more legitimate than ever? by definition crypto is supposed to be high tech, futuristic, efficient etc, and yet we are talking about multi-year bear markets...well i have been investing in the stock market for over 20yrs and there have hardly been multi-year bear markets even in stocks, so to say this bear market could last years is ridiculous and just means that crypto is finished....crypto either starts recovering this year or its over, completely over and going to zero. 7-months is already a ridiculously long bear market, it should not take that long for a rapidly evolving technology that is not even new. Everyone is pointing to good news of cyrpto's legitimacy and adopting and yet someone okay with projecting bear markets like the past, this is not the past, just like you will never see % increases of the past (impossible), we should also not see long bear markets like in the past....there has been 100x more crypto activity/news in the past few months than the past 10yrs.
Well of course I hope it will go up, but I’m not sure it’s going to happen this year like others propose. Overall I think the technology is revolutionizing, but not even internet changed the world in an instant.
It's just crazy to think that it will behave as it did in the past when so much has changed, looking to past performance is useless , if that were the case then everyone could predict the future and markets would not exist. Charts do not simply repeat over time, especially when things are changing every day in this environment. I got in last Dec, which was the worst time in the history of crypto to get into the market and i'm sitting on huge losses, if there isn't a recovery this year then I will sell and stay out for good. If crypto is so great and revolutionary and is the future then it won't remain in a bear market for much longer, but until then, all the FUD is well deserved because the proof is in the price. everyone posts good news on crypto everyday, but to me it's not good news it's bad news because it means that crypto remains down despite good news, which is a bad sign.
Only time will give us the answer.