This is something I only learned after making the mistake myself.
In the stock market, a drop of more than 20% from a high is often called a bear market, but there’s no universally accepted definition in the crypto market.
Sentiment itself can also amplify market swings: when prices rise, more people jump on the bandwagon; when they fall, panic selling increases, making prices even more volatile.
Many people use the price movements of $BTC to describe the current phase of the crypto market as a whole.
If you have friends who are new to this, feel free to send it to them.
#BTC
In the stock market, a drop of more than 20% from a high is often called a bear market, but there’s no universally accepted definition in the crypto market.
Sentiment itself can also amplify market swings: when prices rise, more people jump on the bandwagon; when they fall, panic selling increases, making prices even more volatile.
Many people use the price movements of $BTC to describe the current phase of the crypto market as a whole.
If you have friends who are new to this, feel free to send it to them.
#BTC