The Bear Strategy

The recent bear market has taken longer than what many people may have expected and probably there are many other people who are expecting to get rid of the bear market in 2023.

The year 2022 wasn't pretty much good for the crypto industry with the fall of the some of the renowned crypto projects like Terra's algorithmic stablecoin Terra USD and it's sister coin that backed it, LUNA resulting in the loss of $40 billion in investments. Back in November, 2022 a big crypto exchange FTX filing for bankruptcy and some of the other crypto projects.

Investopaper

These events did sent shockwaves across the crypto industry which also caused regulators and legislators to pay attention to the crypto industry and exercise regulations.

On the other hand, other cryptocurrencies are still struggling with the low prices. For some, it is an opportunity to buy cryptos at a cheaper price.

As the crypto market has been through the bears for some time now, there might be some people who would be making use of the DCA strategy in buying and holding some of the crypto projects which they think could make profits for them in the longer run.

They say, bears are for the builders and probably that also applies to myself as well. I have been trying to accumulate as much Hive as I could before we get into the bull market because it gets a little harder to collect that much of tokens in a bull market as we can in the bears.

But yeah, its important to do your own good hand research before investing in any crypto project and don't invest more than what you can afford to lose.

This is not a financial advice.

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