I am confused. I thought that you ONLY recently started accumulating bitcoin.. so if so, you were not investing in a bear market.
And, even if you started investing in the last 16 months, it was not a bear market.
I will grant that we might not have realized that the last 16 months had been a bull market until either mid-2023 or maybe it did not sink in with enough evidence until around October 2023... but the fact of the matter is that any investment strategies that you had been employing in bitcoin in the last 16 months had not been during a bear market.
You cannot proclaim that it was a bear market merely because it was below the previous ATH.. the fact of the matter of the last 16 months is that the BTC price had been pretty much going up the whole time even though there were some corrections in there and some of us might not have had been clear about it having had been a bull market the whole time.
In other words it is a bunch of bullshit when people are mislabelling what kind of market that we were in....
Now, if you had been in the market in late 2021 and through out 2022, then you would have been in a bear market, yet you would not have realized that you were in a bear market until maybe some time around May 2022 it became somewhat clear that we were in a bear market.
I will grant you that we don't really necessarily know what kind of market we are in at the time that we are in it, so sometimes we should be talking with some caution about what kind of market that we are in, especially since laboring what kind of market we are in is a lagging indicator, and the mere fact that we might be in a bull market and there are some corrections in the middle of the bull market, the market does not change merely because there is a correction, even though we might not know where we are at, even though at any given time, we can see that we are in an uptrend or a correction or maybe a consolidation range.
Anyhow, part of my point is that the dynamics are different if you are getting in and you are buying while the BTC prices are going up as contrasted if you are buying while they are going down.
Now if you are mixing your actions by buying and selling (in other words trading) then that is another story, but if you are strictly buying, then you have a dynamic that either your holdings are continuously going into less and less profits (in a bear market) or you have the dynamics that your holdings are increasingly in profits (in a bull market).
Maybe you need to explain your timeline again in order for me or anyone else to understand when you were buying and what you were doing because my sense (or memory.. which might be faulty) is that you have not even been buying more than 16 months.. so therefore you were likely buying in a bull market, even if you might not have had realized it.. but feel free to correct me if my memory is wrong.
Nah I've not been up to 16 months in, I've only been 6 months in although I started beign consistent from December, but now I'm confused can please explain more about the bear market and the bull market, cause i initially thought that the bear is when bitcoin is experiencing a price decline and much people are selling instead of buying while the bull is when bitcoin is appreciating in price and more people are buying instead of selling. This has been the definition of what a bear market and a bull Market has been to me, is there a better way to define this or have I been wrong with my own personal definition or concept of bear and bull markets.
If I started buying before December or rather let me use December, the trend was kind of bearish casue we were still experiencing some kind of price decline and I think bitcoin also had a major dip or correction to 25k around that same period of time, so i think anyone nee to bitcoin woudl assume they are in a bull, that's why I've been thinking that way.
I highlighted a paragraph out, I've not been mixing strategies, I've been buying but I always thought we have been in the bear Market and I have also expressed myself in terms if us beign in the bear market but right now I feel my perspective of what a bear market or bull market is shattered, so I think it would be fair if I could explain more about it.