01-08-2022, 12:36 AM
This isn’t a “20% correction.” This is a 40%+ bear market.
<!-- SC_OFF --><div class="md"><p>BTC is at $41-42k. ATH was at $69k. That’s a 40% drop from ATH, and that drop has just been growing and growing for more than two months now. </p> <p>That’s a bear market. Yeah, it’s not a crypto winter, but multiple months of falling prices qualifies as a bear market, even if it’s short. Just like last summer was a bear market. It might get worse, or it might not. </p> <p>Call it what it is. It’s not something to be afraid of; bear markets are where foundations are built. The people who are saying “Oh, this is just a dip” or “This is just a typical correction” are in denial and don’t know what the fuck they’re talking about.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/magus-21"> /u/magus-21 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rydqsa/this_isnt_a_20_correction_this_is_a_40_bear_market/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rydqsa/this_isnt_a_20_correction_this_is_a_40_bear_market/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>BTC is at $41-42k. ATH was at $69k. That’s a 40% drop from ATH, and that drop has just been growing and growing for more than two months now. </p> <p>That’s a bear market. Yeah, it’s not a crypto winter, but multiple months of falling prices qualifies as a bear market, even if it’s short. Just like last summer was a bear market. It might get worse, or it might not. </p> <p>Call it what it is. It’s not something to be afraid of; bear markets are where foundations are built. The people who are saying “Oh, this is just a dip” or “This is just a typical correction” are in denial and don’t know what the fuck they’re talking about.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/magus-21"> /u/magus-21 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rydqsa/this_isnt_a_20_correction_this_is_a_40_bear_market/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/rydqsa/this_isnt_a_20_correction_this_is_a_40_bear_market/">[comments]</a></span>Kind Regards R