Need to Find More Ammo
For some reason I think this Bear market has been too comfortable so far and why I have a nagging feeling we are still going to be tested some more.
This as Bear markets goes has been a walk in the park and has just been too easy so far. I tend to agree with the various people saying that the bottom is not in and there is more pain to come.
Bitcoin back in January 2021 was at the $3K level and 18 months later in a Bear market we are over 20K. I am not sold on the idea we have hit the bottom and can still see a $10-$15K range ahead. This would really be something and allow for a perfect buying opportunity for those with any loose ammo lying around.
I hate to see my portfolio taking these hefty knocks but at least it is still growing due to staking and compounding. For this reason I am actually happy to see this happen as I selfishly would like to buy more cheap coins. This is going to be like the last chance saloon for the next 4 years and why not make the most of it.
Who knows if we will ever see Bitcoin back in the teens ever again as it has to start maturing and becoming less volatile at some point. Hopefully for all of us not too soon as these are prime growing opportunities. Dips are fine to accumulate, but this is no dip as it is a correction before we see the uptrend.
I have set myself some decent targets with various Crypto projects and this if it happens would make those a reality that much quicker. Bitcoin knocking 30% off it's current value will most likely drain another 30 ,40 or 50% from the alts current values which is rather harsh, but not so bad considering what it offers us.
I see the Bear market as total reset and like the Bull has it's extremes with it's all time highs we also need to see some decent lows. This is actually quire exciting unless you live off Crypto which is the risk unfortunately as good times are replaced with the lean times.
I am not the most patient person normally but have learned that there is no rush as the most worthwhile things in life take time. The idea of having serious wealth one day is still very much part of the plan and this is just the journey we are all on as there has to be ups and downs along the way. The sooner this happens the better but we shall wait and see if in fact this is going to play out like many think it will. I am happy either way, but would obviously like to see some lower prices.
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