Currently, you can see crypto market is improving. However, until a couple of weeks ago, crypto market was in a bearish run. Did you take the benefit of bearish market? A straightforward method for profiting from the cryptocurrency market is to acquire digital assets during market downturns and subsequently sell them when values surge. Consider Bitcoin, a couple of weeks ago it was around $30 and now it is at $44K. Given Bitcoin's history of reaching $68,000, it's plausible that it may revisit that peak in the future.
Did you benefit the bearish market?
- Thread starter nomad
- Start date
A bearish market can be used as a testing tool for crypto investors to measure their risk profile, if they sell all the crypto they own, it means they are not comfortable choosing crypto for investment. I took advantage of the bear market by buying LTC at $65 which I had previously sold at $110 per LTC.
