Even if the market recovers, there is really a lot better feeling. We are all hopeful that the market will recover by the end of this year. Now everyone's attention is very much towards the market. Because we have been in a bear market for a long time and investors want to get into a bull market very quickly. I think bitcoin is currently recovering more than other coins which is really good news. But altcoins are showing bad signs, but hopefully bitcoin will start to recover. Most altcoins will also recover.
Are you seriously hopeful that the market will recover by the end of this year? On what basis is your hopefulness based? The halving is coming in approximately April next year, and the whole industry is expecting the market to enter the bull run maybe after that, but even that isn't guaranteed because the cryptocurrency market is unpredictable and anything can happen at any time, but looking at the data and statistics, the end of this year doesn't seem to be the time for recovery.
And, we are not in the bear market anymore since the price has moved from $16k to $31.5k, and what we are witnessing is just a dip and not a crash that we see after the price reaches the peak, so we are out of the bear market but we are not yet in the bull run since if we enter that area, there won't be many stops in the way.
Yes, even on halving is something that cant really give out assurance that there would really be some bull run on where lots of people been anticipating for this thing without even trying out to reassess that this market is really that totally speculative.We might able to say that there's no assurance but basing up on the behavior then we could always assume out that it would repeat on the same thing or process and this is what majority is been holding into their minds and this is the one of the reasons on why they do make out such positioning while the market is still low or not really that much
expensive in terms of coin value.
Actually dealing up with this space or market is really always been that risky and if you are that someone who is really that not minding about the risks then you would most likely be experience
tons of errors on which it would be causing bad investment making or those trades you would really be having. Recovery is always been lurking on the corner because when we do speak about a market
then it cant really be just having a single path to take or movement to have.