Many people are concerned about when they can buy at the bottom.
There is a strong cycle in the cryptocurrency world every four years, with bull markets being short and bear markets being long. The bull market lasts for more than a year, while the bear market lasts for two to three years.
The current environment does not have the basis for a bull market, so there is no need to consider bottom fishing.
From a time perspective, I think the bear market will continue for some time. I expect there will be an opportunity to enter the market at the end of 2023 or the beginning of 2024. The specific situation will depend on market developments.
The current economic environment is not optimistic, the liquidity of risky assets is very poor, and Bitcoin is also in a bear market cycle, which is undoubtedly adding insult to injury.
During a recession, cash is king. Make more money and find ways to accumulate capital to prepare for a new round of super bull market.
Reduce unnecessary consumption expenditure. The dollar you spend now will be worth dozens of dollars in the bull market.
Similarly, the ten thousand yuan you earn now will be hundreds of thousands in a bull market.