If you are scared of the lower prices and reduced activity during the bear market, you are not making the right moves according to several industry insiders. Bear markets are for building, buying, and waiting for the cycle to reverse.
Jason Ye, partner at crypto investment fund ROK Capital explained that although prices and activity are lower, bear markets represent prime times for traders and builders to lay the foundation for greater success when market sentiments reverse. He told Cointelegraph on Monday that “In a bear market, it is time to find the best fundamentals and focus on building a product.”
“It's time for traders to deploy their cash reserves in order to get an upside in the next bull cycle. As always, the winners in the bull market are the people who built in the bear market.”on May 28. He also believes that bear market buyers are the ones in the best position to turn a profit during the next bull. He said that “all the money is made buying in a bear market. Most losses come from buying in a bull market.
The funniest I’ve realized about crypto twitter is everyone gets toxic and bitter as fuck in a bear market.Most losses come from buying in a bull market.
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