Crypto wealth can only be built in bear market

[Daodex]

Wealth is created during the bear market not in bull market, the question now is are we still in bull market or bear market? We can't expect crypto market to crash instantly if bear is going to happen it will be a gradual process so what is your take on this? Should newbies wait or buy coins right now?

[Kunnu]

Whenever market faces downtrend mostly people prefer to invest in those coins which are strong in terms of fundamental and technical basis for example Bitcoin, Ethereum and BNB etc. so in my opinion newbies should consider these things before investing in bear market, they must avoid to invest in hype based coins/token because it will be a big risk for them.

[slackovic]

One of the biggest problems when investing in a bear run is selecting which project to invest into because a lot of them won't survive a bear market. Investing in a bull market is pretty easy because in bull everything goes up. However, when the market is bearish, investing in the wrong project can make you lose all your investment.

[robattfield]

I don't think about being rich the way you think. It simply depends on you. Obviously, no matter what profession or field, there are opportunities for wealth, and of course, according to the law of fairness, there will be rich people and poor people. So try harder to find opportunities for yourself. In this market for many years, I always see the opportunity to get rich no matter the time, and both bulls and falls are also opportunities. Don't try to make it complex and seasonal.

[TheUltraElite]

We are still in bull market because real bear market is when all coins loses 90% of their value but I'm still confused why we are still in bear market, if I have to use past bull and bear chart we should already be in bear market right now, I've stopped buying alts for now.

It is a matter of perspective I say. For some people who bought at 60k, this is a bear market, but the ones who bought at 10k it is still a bull market but less than the maximum possible one.

Altcoins though always are in bearish accordingly to me. Not worth putting money in compared to Bitcoins.

But it is true that majority of buying of Bitcoins should be done in bear and not in bull otherwise you get into a net loss condition. Only then you can profit from the long term rise in price.

[Irazzzta]

I think the BEAR market is an indicator to accumulate and invest wealth, while the BULL market is a time to harvest wealth. so it all depends on our strategy in accumulating wealth through crypto, and research on the projects we will invest in. The key is your own research

[Yaunfitda]

Wealth is created during the bear market not in bull market, the question now is are we still in bull market or bear market? We can't expect crypto market to crash instantly if bear is going to happen it will be a gradual process so what is your take on this? Should newbies wait or buy coins right now?

This is a hard lesson for anyone here, I myself have the wrong mentally before, but when I learned to save and accumulate during bear market and then sold during peak at bull run, I understand how part of the market works.

For newbies it will be hard to have this kind of mindset, but as I have said, experience is the best teacher so better go through it and have first hand knowledge.

[makishart]

Wealth is created during the bear market not in bull market, the question now is are we still in bull market or bear market?

No one can answer this accurately. In my opinion if we are starting to go to the bullish market again. Im using the bitcoin chart as a way to determine the future of altcoins. I just try to use bitcoin as a way to determine the trend.
You can also try to spend a short time to see the trend in the market. You can take a conclusion with it. I do believe if we are in the bullish trend but this may different with others.

We can't expect crypto market to crash instantly if bear is going to happen it will be a gradual process so what is your take on this? Should newbies wait or buy coins right now?

You're wrong about that as we can easily see the market will be dropping so hard. When the bearish trend will come soon. It didn't even need a year to make it happen. Look at the chart of bitcoin. It needs a few minutes to make it happen

[$crypto$]

It depends on someone who wants to start it, investing is not an obstacle to wait for the price from now on but buying and holding it for a long time and as a beginner of course it must be based on experience and also learn so every market is trending bear or bull we have to think about coins which one is suitable for investment, everyone makes different decisions but behind a bullrun market people will take short-term profits to seek a few percent profit and I think with projects that of course can compete in the current bear and bull market.

[Kemarit]

Wealth is created during the bear market not in bull market, the question now is are we still in bull market or bear market? We can't expect crypto market to crash instantly if bear is going to happen it will be a gradual process so what is your take on this? Should newbies wait or buy coins right now?

I will be leaning towards the bear market right now.

Of course, it might be slow but methodical downturn in the next couple of months. But still, it's a bear market at what angle you look at it

Not just newbies, but everyone should wait for the perfect time to buy, specially if there is a blood shed  maybe in three months time.

[DapanasFruit]

Determining if right now we are in the bear or bull market is something difficult to assess, in my own humble estimate. What I am seeing is that we can be in the recovery stage but there is also a big chance that this can be a big trap meaning that even if we are now seeing some greens the reds can be taking over anytime soon. Now, I also believe that wealth can be created during the bear market but wealth can also be lost at the same time. As what we always say, there are many opportunities during the dip though selecting which asset to support can be something that one has to look seriously. Buying the best coins and tokens when bears are dominating and then disposing them when the bulls are raging can be the best strategy one can do and implement in the cryptocurrency market.

[TastyChillySauce00]

Newbies should learn the situation before try to buy any tokens. This time we are still at the bottom price and it seems like if bitcoin will not go even lower than the current price again.
I think that buying some tokens at this time will not bring you to the lose. The newbies must also learn how to not join in the hype. I meant when you are seeing a token pumped so high and just avoid to buy that.
Unlike those stupid people who always try to buy when altcoins reached the peak price.
This time is the best time for the accumulation purpose. The whales are also trying to accumulate more and more tokens.

[Ulven]

Wealth is created during the bear market not in bull market, the question now is are we still in bull market or bear market? We can't expect crypto market to crash instantly if bear is going to happen it will be a gradual process so what is your take on this? Should newbies wait or buy coins right now?

Yes, building a huge fortune out of the crypto market is not impossible but it is not easy. If you are able to determine whether the market is going down or up, you can take profits by buying from the bottom and selling at the top.
At the moment you can travel to El Salvador and see what happens there everyone accepts Bitcoin payments, I think there are a lot of btc lovers planning to visit El Salvador for ATM!!
With the advent of positive news and the issuance of decisions by governments that support Bitcoin, this means that a lot of money is coming to the market, so sooner or later Bitcoin will reach new highs!!! If you are a beginner, try to think of investing in the long term to achieve profits that make you rich.

[rozak]

if what you are doing is designing long-term investments, indeed the current market conditions make us a little hesitant to start investing. market movements tend to be stable with a short pump then corrected to the initial price.
Such market conditions are currently favorable for trading players. those who are smart and expert in seeing the potential of assets that can generate profits in a short time.
if we are willing to wait for the market to bottom, we will never know when it will happen. so we will never start when is the right time for us to enter the crypto market.
for me, anytime we can start buying, choose assets and plan well. when we get the right assets, I'm sure no matter what market conditions we will never be disappointed.

[Reid]

IMO, this is a bear market. Should I buy or not? I will certainly buy if I have the money.
What coin to pick? That's the difficult question. But, you could make it simpler by going thru the top 50 altcoins. It might be less profitable for they don't really pump in crazy numbers but it's a good start instead of nothing.
I won't go with the high risk programs that would jeopardize my investment, slow and sure is what I prefer.

[Sled]

Wealth is created during the bear market not in bull market, the question now is are we still in bull market or bear market? We can't expect crypto market to crash instantly if bear is going to happen it will be a gradual process so what is your take on this? Should newbies wait or buy coins right now?

Do you think that investors will just come during bear season and disappear at the bullish season? That is absolutely not.

What do you think is different from my perspective and market view coz no matter what will be the situation of the market, we can still make a good profit if we really work on it.

People are buying crypto any time, and they will sell them any time.  They'll come in the market when they have the opportunity, however, I was glad to say that the market seems profitable all the time, that is why they come at no specific time frame.

[Jackl87]

Wealth is created during the bear market not in bull market, the question now is are we still in bull market or bear market? We can't expect crypto market to crash instantly if bear is going to happen it will be a gradual process so what is your take on this? Should newbies wait or buy coins right now?

Of course the goal that you should always have as an investor no matter if it is in real estate, gold, traditional financial products like stocks or in cryptocurrency is to buy as low as possible and to sell as high as possible. Therefore the potential for maximum profit is only there if we are in the bear market because only then you can acquire projects at a low price. The big problem is though that once we are still in a bear market we just don't know if the price continues to fall or if we have already reached the bottom and in general people are hesitant to invest while we are in a bear market. In the end you never know how the market reacts in the future which is the big problem with investing.

[asyakashi]

Actually a few months ago we were confirmed to have entered the bear market and there has been no confirmation whether we have exited or entered the bull market.
I also believe that we are still in a bear market, but now the conditions are much different from the bear market of a few years ago, as if cryptocurrencies are really not under pressure, we just find the market is currently saturated.
When viewed from the current market conditions, buying is a good choice before our favorite coin goes high, of course with careful analysis and decisions for it.

[masterrex]

Wealth is created during the bear market not in bull market, the question now is are we still in bull market or bear market? We can't expect crypto market to crash instantly if bear is going to happen it will be a gradual process so what is your take on this? Should newbies wait or buy coins right now?

I believe that the crypto market today is more stable compared to the previous years and has no definite trend when it comes to market movements that's why we cannot say that it's bullish or bearish because it has always moved in the same trend since last year meaning it was move ups and downs in any given time this year so IMO, it is a stable market condition.  

[Questat]

(...)
Should newbies wait or buy coins right now?

That certainly depends on them. But I suggest newbies have to invest right now if ever they want while the prices are still low. I'm not saying we are in the bearish market nor we are on the bullish side but as per to see, the market had already turned green at this time which I believe will be a sign for the upcoming bull market. We're not going to expect more but it looks like we are heading that way closer.