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Author Topic: One big advantage of the bearish crypto market  (Read 144 times)
BrewMaster
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October 03, 2018, 02:59:09 PM
 #21

Portfolios are still 70% down and nothing seems to promise the brighter future.

two huge mistakes are found in this little statement here.
1. if anybody had lost 70% of their investment then it means they shouldn't be investing in first place because they have no idea what they are doing. and this is a very serious thing. 70% is ridiculously huge even for a volatile market like cryptocurrencies.

2. calling it "portfolio" when it  clearly isn't one. what it is however is a bag of similar objects with same performances. they go up in pumps and they all get dumped like each other. some a little bigger than the rest. having multiple of them doesn't make it a "portfolio" it only makes it into a tool to fool yourself into believing you have diversified.

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October 04, 2018, 05:12:09 PM
 #22

The big benefit is for the people who are late to get into crypto space, can take the advantage of the bearish market right now by investing in some top coins, as the bull may come at any time may be in coming December. Crypto market will never go in incline order it will get crash at sometimes, so for people who invested in the last December by thinking that market will go up from now on should now be patient and wait for the right time, so it is the right saying never invest what you could not afford to lose.

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October 04, 2018, 06:00:19 PM
 #23

I think the only advantage of the current crypto market is to by more stock because very soon the market is going to recover bank and you stand to make good gains from your portfolio.
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October 04, 2018, 06:19:22 PM
 #24

I think the only advantage of the current crypto market is to by more stock because very soon the market is going to recover bank and you stand to make good gains from your portfolio.

It's true. After a 70% drop and a period of capitulation there is always an uptrend. If you have money lying around and doing nothing on a 1% savings account you can always try Bitcoin. With its high volatility that results in huge yearly swings it's going to go up for sure. The problem for many is that it can also temporarily go down but if you have the nerves you will be rewarded.

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