You wanna know what ‘bulls & bears in this sub have in common?
First off, I’m a short/mid term trader.
In my opinion, people can be ‘bearish’ for two reasons: 1st being they’re just pessimistic about life in general and they thrive through the chaos. The 2nd being where someone might be ‘bearish’ due to technical/fundamental analysis and may be able to detect a potential drop or correction due to lack of volume or other technical indicators.
I don’t understand why y’all hate bears so much. In reality, it’s probably a minimal amount of people with big $$$ dropping the market, not all those ‘bears’ out there.
If I’m bearish on BTC, i’m not hoping that it’d crash to zero and obliterate the living hell out of all of the small investors (though if it did, I’d probably still buy more). If i’m bearish, i’m looking for a chance to buy more of the asset at a cheaper cost because following my trading system, I’m expecting a lower rate before a bounce back up.
And yes, I’m aware that the slightest mention of bearish price action on this sub is subject to immediate ridicule.
Remember, if the price does drop, it may be a chance to buy more, and at a cheaper rate.
The amount of people blindly investing through this sub is astonishing. It’s one thing to think of yourself as ‘bullish’ but it’s another to blindly invest (gamble) into a hyped AF project and hope that your asset goes up. FYI, if a project has gone up 400%, within a couple of weeks, it’s probably not due for another explosive move upwards anytime soon (unless it’s an extremely low marketcap of course).
Just a friendly reminder that volume isn’t looking too healthy for the market mid/long term. Stay vigilant and don’t invest more than you’re willing to lose (if you do end up losing quite significantly, the next bull cycle might be your best bet to get back on top, if you’re willing to wait it out).
TLDR: Bears ain’t always bad, big money may play with market, DYO research, resist pumping other peoples bags, try resist the FOMO and don’t get rekt.