Some people say that Bobo, as a text blogger in the currency circle, should not turn into an emotional blogger and should talk about professional things, so I will talk about the currency circle today.

Is this a bull market or a bear market?

Judging from the price of coins, the amount of funds in the market and the activity, it is very obvious that it is still a bear market.

So where is the bear market now?

In terms of time

From 519 in 2021 to the present, the bear market has been in existence for more than two years.

Reference to past experience

2017.11-2020.5

2013.12-2016.12

The historical bear market cycle is about two and a half to three years

In terms of price

The current price of Bitcoin is $25,600

It is in a state of neither high nor low. Although it is still far away from 70,000 dollars, there is still room to fall from the low point of 15,000 dollars in this round of market. However, the altcoins have been collectively miserable and are basically in a state of half-death. .

So should we buy or sell? Or should we wait and see?

In fact, in terms of time, most of the bear market is gone. In terms of price, the price is not too high. Due to the lack of funds on the market and the continuous interest rate hikes in the United States, many altcoins have never even rebounded.

Therefore, there is a possibility of a fall in buying the bottom now, but in the long run, the current price/performance ratio is still very high.

As far as the current situation is concerned, I suggest you simply invest directly to buy the bottom, or wait for a lower price to buy the bottom. Even if there is a new low price or extreme market conditions, I do not recommend that you sell the chips in your hand.

Because I firmly believe that there will be an unprecedented bull market in the near future!

So having said that, what currency should I buy if I participate in investment?

To be honest, Bobo does not have the ability to determine which coin will skyrocket, but my advice to you is to cast a wide net and don’t put all your eggs in one basket.

You can buy some ETH and mainstream coins, and you can also buy any altcoins you like. As long as the bull market starts, if you pick the right one, you can get all your money back with interest!

Follow bobo as we go through the most difficult journey in the bear market.