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Is the Crypto Bear Market Finally Over?

avatar of @khaleelkazi
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khal
@khaleelkazi
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2 min read

Bitcoin has been range-bound around $22-24k for the past 1 week. This has made everyone excited and asking the question that always comes around after a little relief rally: is the bear market finally over?

I think many of you can already guess my sentiment around this. I dollar-cost average into BTC while spending 99% of my time focused on building the LeoVerse.

The daily movements of Bitcoin are impossible to predict. If you could predict them, you'd already be a billionaire.

That being said, there's a lot of value in being tapped into the market and aware of the macro scale of things while simultaneously having a smart, seasoned approach (like DCA).

In this clip, that's what we discuss!

  • Bear market over when there's relief, but not really
  • BTC broke above what most were expecting, we're above 18
  • Pre FTX we were above 20k - after we break that we might be slowing out of bears
  • Most people expect recession for 12-18 months
  • Layoffs, no money around, no real yields, Twitter staff off
  • Not expecting btc to go to 50k given the current global situation, but it could sit between 20-29k
  • Sub 20k is oversold according to Khal
  • Strategies are not short term, DCA every day, MakerDAO, pay bills and invest - same strat as in 2018
  • Buying at these prices feels like buying at 5k in 2018
  • FTX debacles don't affect those that invest smart and stay off exchanges
  • Cat doesn't see how a bull market arrives, maybe rallies after the first semester. Loving a sideways year
  • Sideways allows you to DCA
  • When normies ask, Khal tells: If you have the money setup an automatic DCA purcrhase - if they want to get into alts, then the advice is to create content and the Leoverse
  • Just do2earn platforms, stack BTC and in the bulls you'll be fine
  • Khal's chunk of portfolio was made on earnings from steem/hive/leo
  • Hive example of selling at $2 and rebuying below 40c
  • Ability to think long term

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