06-27-2022, 05:19 AM
A genuine question?
<!-- SC_OFF --><div class="md"><p>Correct me if I’m wrong, but the very basic notion of investing in crypto is that a bear market is where money is made as you purchase assets at discounted prices and a bull market is where profits are realised as this is where these assets rise significantly. </p> <p>My perspective is that this current climate in crypto is extremely ideal for this. Prices are heavily discounted to the point they are comparable to previous bear markets, there is a lot of reasonable speculation towards a multi-year bear market which would mean it would give the sensible investor time to accumulate as much as possible for as little as possible. </p> <p>It would be pretty reasonable to assume that there will be a bull run shortly after the 2024 halving as history would tell. So 2 years of accumulating at low prices for an almost guaranteed bull run (emphasis on the almost) should be what we all want, in my eyes this is genuinely a great time to buy in. I got in last time just after the May crash and there was a bull run pretty much immediately, this gave me a very short window to accumulate at a relatively low price and within a few months we broke an ATH it wasn’t really ideal for me despite me coming out of it all on the good side upon withdrawing. </p> <p>This time round I feel like I have a bigger window to accumulate to maximise my gains for the next bull run. Is it reasonable for me to be optimistic here or is there something I’m missing? The common consensus about crypto here seems to be pretty dismal lately</p> <p>EDIT: i am only speaking of BTC and ETH, I don’t give a shit about altcoins but I know there’s some out there with some potential but I would rather stick to what’s proven to weather the storm especially in these unprecedented times, so don’t say ‘crypto is a get rich quick gamble bla bla you can’t be sure cos coins die’ I don’t look for 100 or 1000x returns from poocoins. I look for 4-6x returns from BTC and ETH within a couple of years, that is my idea of a successful crypto investment</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Pale_Wrongdoer5155"> /u/Pale_Wrongdoer5155 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/vlbxzz/a_genuine_question/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/vlbxzz/a_genuine_question/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>Correct me if I’m wrong, but the very basic notion of investing in crypto is that a bear market is where money is made as you purchase assets at discounted prices and a bull market is where profits are realised as this is where these assets rise significantly. </p> <p>My perspective is that this current climate in crypto is extremely ideal for this. Prices are heavily discounted to the point they are comparable to previous bear markets, there is a lot of reasonable speculation towards a multi-year bear market which would mean it would give the sensible investor time to accumulate as much as possible for as little as possible. </p> <p>It would be pretty reasonable to assume that there will be a bull run shortly after the 2024 halving as history would tell. So 2 years of accumulating at low prices for an almost guaranteed bull run (emphasis on the almost) should be what we all want, in my eyes this is genuinely a great time to buy in. I got in last time just after the May crash and there was a bull run pretty much immediately, this gave me a very short window to accumulate at a relatively low price and within a few months we broke an ATH it wasn’t really ideal for me despite me coming out of it all on the good side upon withdrawing. </p> <p>This time round I feel like I have a bigger window to accumulate to maximise my gains for the next bull run. Is it reasonable for me to be optimistic here or is there something I’m missing? The common consensus about crypto here seems to be pretty dismal lately</p> <p>EDIT: i am only speaking of BTC and ETH, I don’t give a shit about altcoins but I know there’s some out there with some potential but I would rather stick to what’s proven to weather the storm especially in these unprecedented times, so don’t say ‘crypto is a get rich quick gamble bla bla you can’t be sure cos coins die’ I don’t look for 100 or 1000x returns from poocoins. I look for 4-6x returns from BTC and ETH within a couple of years, that is my idea of a successful crypto investment</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Pale_Wrongdoer5155"> /u/Pale_Wrongdoer5155 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/vlbxzz/a_genuine_question/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/vlbxzz/a_genuine_question/">[comments]</a></span>