Binance CZ just confirmed that we might be in a bear market.
That’s why this market needs a different mindset.
In a bear market, buying every dip stops working.
This is exactly why I’ve been bearish for the last few weeks and why I kept looking for shorts instead of buying every dip.
In a bear market, hope becomes the biggest enemy. People keep buying because they think the next candle will recover everything.
Just look at $DEXE and $BANK . Thousands of traders kept buying every dip, but the market kept proving them wrong.
The biggest mistake traders make is believing every 80% drop is a buying opportunity. Sometimes it’s not a discount… sometimes it’s just the beginning of a much bigger crash.
I also think we’ll see more exchanges struggling and many altcoins disappearing over the next few years. The market is changing, and not every project will survive this cycle.
A bear market doesn’t destroy good traders. It destroys traders who refuse to accept that the market has changed.
Content credit: Crypto with Haris B
That’s why this market needs a different mindset.
In a bear market, buying every dip stops working.
This is exactly why I’ve been bearish for the last few weeks and why I kept looking for shorts instead of buying every dip.
In a bear market, hope becomes the biggest enemy. People keep buying because they think the next candle will recover everything.
Just look at $DEXE and $BANK . Thousands of traders kept buying every dip, but the market kept proving them wrong.
The biggest mistake traders make is believing every 80% drop is a buying opportunity. Sometimes it’s not a discount… sometimes it’s just the beginning of a much bigger crash.
I also think we’ll see more exchanges struggling and many altcoins disappearing over the next few years. The market is changing, and not every project will survive this cycle.
A bear market doesn’t destroy good traders. It destroys traders who refuse to accept that the market has changed.
Content credit: Crypto with Haris B