12-06-2021, 09:00 AM
Newish to crypto. Is this what a bear market looks like?
<!-- SC_OFF --><div class="md"><p>I started a bit before May. So I've seen a few big corrections usually followed by somewhat steady growth leading to another correction.</p> <p>This feels different. It feels like the corrections are the same but less growth before yet another correction/crash. </p> <p>I don't see a need to sell my crypto anytime soon so I'm just looking at this as a way to buy more of the projects I'm interested in.</p> <p>But what would you say officially signifies a bear market? How long does the trend need to be going downward to say hey this is the bear market people have been talking about?</p> <p>I'm thinking my strategy for an actual bear market is to hit Bitcoin and eth much harder and stuff keep holding and staking the alt coins I already have. Any thoughts on that?</p> <p>EDIT: My question is poorly worded as I think it should have been more along the lines of "is this how a bear market starts?" I've gotten some very good input though it's much appreciated!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/cburke82"> /u/cburke82 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r9v1xe/newish_to_crypto_is_this_what_a_bear_market_looks/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r9v1xe/newish_to_crypto_is_this_what_a_bear_market_looks/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I started a bit before May. So I've seen a few big corrections usually followed by somewhat steady growth leading to another correction.</p> <p>This feels different. It feels like the corrections are the same but less growth before yet another correction/crash. </p> <p>I don't see a need to sell my crypto anytime soon so I'm just looking at this as a way to buy more of the projects I'm interested in.</p> <p>But what would you say officially signifies a bear market? How long does the trend need to be going downward to say hey this is the bear market people have been talking about?</p> <p>I'm thinking my strategy for an actual bear market is to hit Bitcoin and eth much harder and stuff keep holding and staking the alt coins I already have. Any thoughts on that?</p> <p>EDIT: My question is poorly worded as I think it should have been more along the lines of "is this how a bear market starts?" I've gotten some very good input though it's much appreciated!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/cburke82"> /u/cburke82 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r9v1xe/newish_to_crypto_is_this_what_a_bear_market_looks/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r9v1xe/newish_to_crypto_is_this_what_a_bear_market_looks/">[comments]</a></span>Kind Regards R